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Cable Update (GBPUSD)

  • #65,121
  • May 11, 2008 12:09pm May 11, 2008 12:09pm
Hello, Ole buddy, We could sure use your input and more important, your G/U expierience, here also. Lots of newbys here that are going to be good traders. With your help we will have upped the ante. I know your expierience in retracements and over bought and over sold conditions, will help. And I know you like to place limit orders, something that I could learn a bit more about myself. Looking forward to talking to you again.

P.S. I have been thinking about using a Yahoo based I.M., along with FF to be able to pass charts back and forth as a teaching tool. It takes too long on FF, and you have to keep refreshing. Well, I am off to my mothers and will be looking forward to beeing here at the open.


Jim


Quoting ns_karthik77
navin, i wonder where u get ur news??
  • #65,122
  • May 11, 2008 12:15pm May 11, 2008 12:15pm
I am not saying not to trade the gap, I trade the gaps every week. All I am saying is lets not stress over what someone else THINKS will happen. I just want to see it happen and move on that. There is an old saying that this reminds me of.

Better to have people think you are a fool, than to open your mouth and remove all doubt.

Samuel Clemons

Quoting Tmac
Ah but gaps are not speculation sir and trading gaps have proven VERY profitable as most but not all will close shortly after market open. This all depends on the overall weekly and daily trend for the pair in question but I plan on trading gaps every sunday if they are there.
  • #65,123
  • Edited 2:26pm May 11, 2008 12:18pm | Edited 2:26pm
Quoting hard1head1
I am not saying not to trade the gap, I trade the gaps every week. All I am saying is lets not stress over what someone else THINKS will happen. I just want to see it happen and move on that. There is an old saying that this reminds me of.

Better to have people think you are a fool, than to open your mouth and remove all doubt.

Samuel Clemons

it was Confucius who said that wisdom can be acquired in three ways:
by direct reflection (the noblest way), by imitation (the easiest way) and
by direct experience (the hardest way). I'm trying to obtain wisdom the
easiest way and I can

its also nice to see some traders in here and not so much guessing anymore on market direction. Hardhead the best thing you can do it start a new thread IMHO but we all know what opinions are like too

at least this thread has not fallen to the ignorant and ill informed as other pairs threads have but some really good traders are here to help those that are new and willing to learn...
Don't chase the market, Let the market come to you
  • #65,124
  • May 11, 2008 3:28pm May 11, 2008 3:28pm
5 minute chart...
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  • #65,125
  • May 11, 2008 3:41pm May 11, 2008 3:41pm
Hi there,
Please review the table for Monday 12-05-2008. And please post your feedback on it, I have been long time away from the market and could be some value hidden in the analysis I don't see them well.
But once I return the value in the table will be more accurate as you all used to see…
Happy pips for you all…

I'm still having problem in focusing long time on the screen…
Attached Image
  • #65,126
  • May 11, 2008 4:15pm May 11, 2008 4:15pm
that seemed a bit different kinda no gap ....market opens and a ton of sell orders appear ..30 pips or so worth..
  • #65,127
  • May 11, 2008 5:48pm May 11, 2008 5:48pm
I would stay out right now. E/U is a lot more attractive. Its sitting on a 1 hr UTL. I will trade it right now.
  • #65,128
  • May 11, 2008 5:55pm May 11, 2008 5:55pm
Quoting hard1head1
I would stay out right now. E/U is a lot more attractive. Its sitting on a 1 hr UTL. I will trade it right now.
Are you long or short on e/u?
Expected the unexpected
  • #65,129
  • May 11, 2008 5:58pm May 11, 2008 5:58pm
I am making a wild guess that he is long heh.
Que
  • #65,130
  • May 11, 2008 6:03pm May 11, 2008 6:03pm
morning everybody!

uhm.. i hope the gap will filled today.. but ema 62 in the 15 minutes chart, becomes the brakes..
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  • #65,131
  • May 11, 2008 6:24pm May 11, 2008 6:24pm
That was really hard, wasn't it?

LOL

Quoting Que
I am making a wild guess that he is long heh.
  • #65,132
  • May 11, 2008 6:26pm May 11, 2008 6:26pm
Yea, broke pivot and tested = High Cotton & a great start for the week. The good thing about this trade is when the gap closes, it may keep going long.
  • #65,133
  • May 11, 2008 6:31pm May 11, 2008 6:31pm
As much as I want this to go down to help my GJ trade, I am not sure it's going to happen.

We are sitting on a strong PPZ and Friday pinned off of this PPZ. It is looking like a northbound trade. I hope I am reading this wrong, but north would be my bet.
Attached Image (click to enlarge)
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Que
  • #65,134
  • May 11, 2008 6:40pm May 11, 2008 6:40pm
At 1 hr DTL. May hold may not

Quoting Que
As much as I want this to go down to help my GJ trade, I am not sure it's going to happen.

We are sitting on a strong PPZ and Friday pinned off of this PPZ. It is looking like a northbound trade. I hope I am reading this wrong, but north would be my bet.
Attached Image (click to enlarge)
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  • #65,135
  • May 11, 2008 6:46pm May 11, 2008 6:46pm
Quoting hard1head1
At 1 hr DTL. May hold may not
Yea, I was taking a look at that trend line. It actually goes further back then you drew it. I am also on the fence on the GU right now, thus I am not in a trade on it.
Que
  • #65,136
  • May 11, 2008 6:56pm May 11, 2008 6:56pm
Wait for break of 9530, guys
  • #65,137
  • May 11, 2008 6:58pm May 11, 2008 6:58pm
I believe if we break 9530, we will go back to the daily UTL around 9600. To much to worry about here, gonna stick with euro until tomorrow.
  • #65,138
  • May 11, 2008 7:01pm May 11, 2008 7:01pm
Ding,

Just rolled into tomorrow (Monday Bar opened)

j/k man
Que
  • #65,139
  • May 11, 2008 7:07pm May 11, 2008 7:07pm
Yea Que, Im not going to take a chance and trade against the trend. But for Navs. sake I hope it goes long to 9600 so he can get out of that damn trade.

Jim
  • #65,140
  • May 11, 2008 7:11pm May 11, 2008 7:11pm
I hear you on that.

I am not trading GU untill I see a better sign. EU is looking good and UJ is looking good atm. Also taking a good look at NU at the moment.
Que
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