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Cable Update (GBPUSD)

  • #3,861
  • Dec 28, 2006 11:57pm Dec 28, 2006 11:57pm
didn't like that move got out (- 6) pips.
Man who scratches ass should not bite fingernails
  • #3,862
  • Dec 28, 2006 11:57pm Dec 28, 2006 11:57pm
Quoting Qwiktrader
I'm currently holding a short position on it and wondering if anyone one of you guys are seeing this thing going down to either 2189 or even 2166.
Q,

Upon further review, 2180 looks cool (more cool?) thant 2186 because 2186 is just about the fib level where TL intersects. Swissy is one of the four currencies I'm monitoring but I don't really know its overnight tendencies. Otherwise I'd jump in short to 2180 myself.

Oh what the heck, why not? Why should you get all the pips?
  • #3,863
  • Dec 28, 2006 11:59pm Dec 28, 2006 11:59pm
time for me to go smoke a cigarette and get my head together
Man who scratches ass should not bite fingernails
  • #3,864
  • Dec 29, 2006 12:05am Dec 29, 2006 12:05am
Keep in mind that there is news coming on GBP in several hours but hopefully it'll bring this sucker down I need a good trading day of making 75+ pips!
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #3,865
  • Dec 29, 2006 12:06am Dec 29, 2006 12:06am
Great discussions, enjoyed it all day checking in now and then.. unfortunately was away from my computer and my 9605 TP didn't get hit.. http://www.forexfactory.com/forexfor...cons/icon9.gif THEN i saw MMs miraculus 9606 call.. had to scale out and lose those pips and ride the hump, luckily just caught the turn here at the top.. moves quick when it finally decides to! and here's the retrace entry....
  • #3,866
  • Dec 29, 2006 12:07am Dec 29, 2006 12:07am
OK - divergence forming on 400 tick chart - negative reversal on 4hr chart as long as 9679 holds , waiting for confirmation.
Man who scratches ass should not bite fingernails
  • #3,867
  • Dec 29, 2006 12:08am Dec 29, 2006 12:08am
OH but of course as soon as I enter a short position she goes the opposite way! She better not go up above 50 too much! We need this sucker to TANK!
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #3,868
  • Dec 29, 2006 12:08am Dec 29, 2006 12:08am
Quoting Leugimp
time for me to go smoke a cigarette and get my head together
The U.S. Surgeon General has determined that cigarette smoking impairs your ability to gather, collect and profit in pips. Women, especially if you are pregnant, smoking and pips are mutually exclusive.

Just information, not a recommendation.
  • #3,869
  • Dec 29, 2006 12:11am Dec 29, 2006 12:11am
Quoting MoneyMa$ter
The U.S. Surgeon General has determined that cigarette smoking impairs your ability to gather, collect and profit in pips. Women, especially if you are pregnant, smoking and pips are mutually exclusive.

Just information, not a recommendation.
Your a real mans man
Man who scratches ass should not bite fingernails
  • #3,870
  • Dec 29, 2006 12:19am Dec 29, 2006 12:19am
Quoting Qwiktrader
OH but of course as soon as I enter a short position she goes the opposite way! She better not go up above 50 too much! We need this sucker to TANK!
Q,

If you got in at 50 with a typical cable SL, you'll be okay. The more conservative trade is to set your short order in front of the move, e.g., around 30-35, near the 38 fib. Depends on your personal risk tolerance. And remember, we're looking for 80-100 pips for the entire day...so we got a ways to go.

Patience.

Does it for me guys and gals. Trust you made some pips on the calls tonight. Trade well everyone and prosper.
  • #3,871
  • Dec 29, 2006 12:25am Dec 29, 2006 12:25am
I feel left out since all of you have avatars so I went ahead and found one of my own. Man is Malania naughty!
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #3,872
  • Dec 29, 2006 12:44am Dec 29, 2006 12:44am
hey l,

just to confirm, as long as cable does not breach 9679, we are headed down???
  • #3,873
  • Dec 29, 2006 12:50am Dec 29, 2006 12:50am
Quoting mtrmth
hey l,

just to confirm, as long as cable does not breach 9679, we are headed down???
Yes, it will confirm the neg reversal on 4 hr, although, there is an upper trendline to the channel around 9713, so even if it blows through, can turn at that level.
Man who scratches ass should not bite fingernails
  • #3,874
  • Dec 29, 2006 12:56am Dec 29, 2006 12:56am
not trying to pick tops her but i will short at 9673 and set my stop above that trendline, unless a reversal comes in before that time. It gives me two levels of resistence to hold me up with ultimately only 40 pip total stop loss, which can be moved once the move gets underway.
Man who scratches ass should not bite fingernails
  • #3,875
  • Dec 29, 2006 12:56am Dec 29, 2006 12:56am
ok, cuz it still is headed up right now. i am not in, where would be a good place to be in??? what triggers should i look for???
  • #3,876
  • Dec 29, 2006 1:02am Dec 29, 2006 1:02am
i could have grabbed 20 pips up if i had gotten in at 1:35 am est, but hindsight is always 20-20. this is like watching a woman at a shoe sale!!! pick a pair and head for the cashier!!! i wanna make some pips and kiss my pillow!!
  • #3,877
  • Dec 29, 2006 1:03am Dec 29, 2006 1:03am
Really need this to back off and turn around now!
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #3,878
  • Dec 29, 2006 1:03am Dec 29, 2006 1:03am
or is this just shaking out the close stop losses???
  • #3,879
  • Dec 29, 2006 1:04am Dec 29, 2006 1:04am
hey quik, rosie is buying making this go up so you lose a little!!!!
  • #3,880
  • Dec 29, 2006 1:11am Dec 29, 2006 1:11am
What I am seeing here and if you look at the hourly chart is, this baby is forming a very nice inverted Head and Shoulders and could very well top out at 1.9745 Area and then Move between 745 and 515 for a week or so before breaking out to the down side. I think the out look is still long unless 605 is broken and is going long if 680 is broke. Just my opinion.
Quoting Leugimp
not trying to pick tops her but i will short at 9673 and set my stop above that trendline, unless a reversal comes in before that time. It gives me two levels of resistence to hold me up with ultimately only 40 pip total stop loss, which can be moved once the move gets underway.
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