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Cable Update (GBPUSD)

  • #4,241
  • Jan 2, 2007 1:57am Jan 2, 2007 1:57am
Quoting Leugimp
Just went short @ 90. stop @ 9705. look for 1st move to 9750. Trailing rest after.
Looking at the SMA 8 day period, the 1.9690 is the top range two times prior to this time if it holds.

Last two times are 12/20/06 and 12/13/06 time range on the 4 Hour Chart.
  • #4,242
  • Jan 2, 2007 2:01am Jan 2, 2007 2:01am
my target is 9632 short from 9693
  • #4,243
  • Edited Feb 2, 2007 5:49pm Jan 2, 2007 2:04am | Edited Feb 2, 2007 5:49pm
Circled in white shows the 2 SMA 8 Day period.

This is where the price has reached so far today.
  • #4,244
  • Jan 2, 2007 2:06am Jan 2, 2007 2:06am
Entered Short @ 9690. SL 1.9720. Target 1.9630 Thsi is 50% of the move from 29th. Also a good sized green wick on the 1hr candle.
  • #4,245
  • Jan 2, 2007 2:08am Jan 2, 2007 2:08am
Leugimp, you're completely right I'm just bummed I didn't react a little sooner and push the magic button. It may have been a little more excitement than a well thought out and planned trade. Oh well, we learn from our mistakes so as not to do it again and move on. Regardless, I appreciate all of your thoughts here on the board as we're all here to do the same thing and that's to make some CASH!
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #4,246
  • Jan 2, 2007 2:09am Jan 2, 2007 2:09am
Well I have 498 postings now, and there are only two left before I reach the 500 mark.

I will make one more post tonight, but I will not make another post for the 500th post until I make 500 Pips on GBP/USD alone.
This may just be one of my last posting for a long while.

Hope everyone does well trading this year!!!

Happy New Years!

2007 is your year folks!

  • #4,247
  • Jan 2, 2007 2:10am Jan 2, 2007 2:10am
I am short fom 9690:

Looking to TP at 9600
  • #4,248
  • Jan 2, 2007 2:18am Jan 2, 2007 2:18am
happy new yr follks.
anbody thinking of trading German Manufacturing PMI,
i think it should move an average of 30 pips.what do you guy think
  • #4,249
  • Jan 2, 2007 2:23am Jan 2, 2007 2:23am
up trend is solid guys
If I Go Broke Trying Then I Will die happy.
  • #4,250
  • Jan 2, 2007 2:23am Jan 2, 2007 2:23am
A little nervous on shorts due to last week being an inside week. We are already above high of last week. Stopped out at 9705.
Man who scratches ass should not bite fingernails
  • #4,251
  • Jan 2, 2007 2:24am Jan 2, 2007 2:24am
Predicted reversal price 1.9715 according to my system

Price just shot up to that price!
  • #4,252
  • Jan 2, 2007 2:24am Jan 2, 2007 2:24am
Quoting sebytim
I am short fom 9690:

Looking to TP at 9600
Just remember, you could of placed a long ANYWHERE on cable during the past 8-10 months and it would of ALWAYS edged into profit, provided you have some patience and risk very small lots.
Sure you could've made some money on the short side, but this is a bull market. I know it sounds silly but its all about probability, you need to stack the odds in your favour. Good luck!
  • #4,253
  • Jan 2, 2007 2:26am Jan 2, 2007 2:26am
I also think the shorts are not going to work. I got out with minimal damage. I am calling it a night and will re-group tomorrow when more info is available. Have a good night Guys and Gals.
  • #4,254
  • Jan 2, 2007 2:28am Jan 2, 2007 2:28am
Quoting monarch
Well I have 498 postings now, and there are only two left before I reach the 500 mark.

I will make one more post tonight, but I will not make another post for the 500th post until I make 500 Pips on GBP/USD alone.
This may just be one of my last posting for a long while.
[img]images/editor/separator.gif[/img]
Hope everyone does well trading this year!!!

Happy New Years!

2007 is your year folks!

Is this a case of biting nose to spite face? Or are you trying to prove that you are that much better than us? (just joking). The way the market is acting we need a little humour.
  • #4,255
  • Jan 2, 2007 2:31am Jan 2, 2007 2:31am
Quoting fxkenny
I also think the shorts are not going to work. I got out with minimal damage. I am calling it a night and will re-group tomorrow when more info is available. Have a good night Guys and Gals.
This is what I like to see. As soon as a few give in, thats exactly when it reverses, will be looking for a setup.
Man who scratches ass should not bite fingernails
  • #4,256
  • Jan 2, 2007 2:36am Jan 2, 2007 2:36am
Good morning to all..

Just watching to figure out what's it gonna be. Trying to catch the retracement too soon is risky business. Better give up first 20 pips on the way down to be more confident on going in. 9740s still a possibility, as of Dec 20...
  • #4,257
  • Jan 2, 2007 2:37am Jan 2, 2007 2:37am
Quoting Leugimp
This is what I like to see. As soon as a few give in, thats exactly when it reverses, will be looking for a setup.
That's a pretty heartless thing to say.
  • #4,258
  • Edited Feb 2, 2007 5:49pm Jan 2, 2007 2:40am | Edited Feb 2, 2007 5:49pm
Quoting moonchild
Is this a case of biting nose to spite face? Or are you trying to prove that you are that much better than us? (just joking). The way the market is acting we need a little humour.
No, I am not trying to prove anything to anyone. I have a few things to prove to myself still.

I am taking time away from the threads for a while to focus on new studies I am participating in. I will check up occasionally to see how the peeps are doing, but not posting here until I make my goal.

I leave my last posts with this chart.

Daily Chart with Andrews Pitchfork in Blue and the Flag formation in Yellow.

Hope the Best for everyone this year, it has been a pleasure.

See you in 500 pips.
  • #4,259
  • Jan 2, 2007 2:40am Jan 2, 2007 2:40am
im gonna be looking for a good entry to go long.
If I Go Broke Trying Then I Will die happy.
  • #4,260
  • Jan 2, 2007 2:44am Jan 2, 2007 2:44am
The release of this data at 04.30 EST could trigger the desired action in the price trend.

Worth waiting till 04.30
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