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Cable Update (GBPUSD)

  • #85,661
  • Sep 3, 2008 5:33am Sep 3, 2008 5:33am
we got pivots all over the place at 7640 ( daily s2, weekly s3, monthly s1)
and it's 100 pips off the last high at 611 am eastern and it's the path of least resistance.

I'm afraid i'll have to put the bear away at 7640, just for a little while.
  • #85,662
  • Edited 5:36am Sep 3, 2008 5:36am | Edited 5:36am
Quoting n9com
short @ 7728
hope You will cash it
Jesus Christ is my only Lord !
  • #85,663
  • Sep 3, 2008 5:37am Sep 3, 2008 5:37am
Quoting hipcio
hope You will cash it
not yet
  • #85,664
  • Sep 3, 2008 5:40am Sep 3, 2008 5:40am
Excuse me, but I don't see any bulls comming, and I haven,t seen them for a while. Can anybody show me the sign of trend reversal?
  • #85,665
  • Sep 3, 2008 5:44am Sep 3, 2008 5:44am
Quoting Batonas
Excuse me, but I don't see any bulls comming, and I haven,t seen them for a while. Can anybody show me the sign of trend reversal?
I think most of these longs are scalping for short gains in between the drops. I think there is going to be a small pick up over the next several hours and then start down again.
Take what you can... Give nothin back.
  • #85,666
  • Sep 3, 2008 5:44am Sep 3, 2008 5:44am
Quoting Batonas
Excuse me, but I don't see any bulls comming, and I haven,t seen them for a while. Can anybody show me the sign of trend reversal?
I imagine we would if we had 30 seconds to spare.
Some of us are scalping the sh*t out of this thing.
  • #85,667
  • Sep 3, 2008 5:44am Sep 3, 2008 5:44am
Quoting toshi
we got pivots all over the place at 7640 ( daily s2, weekly s3, monthly s1)
and it's 100 pips off the last high at 611 am eastern and it's the path of least resistance.

I'm afraid i'll have to put the bear away at 7640, just for a little while.

I got those pivots you mention anywhere between 7644-55, MNI mentioning 'medium bids' ' 7650/60 with stops ' 7640.

Under here and 7635/20 gets a mention with 'minor bids' ahead of 'strong bids' ' 7600/10

G/l
ex member
  • #85,668
  • Sep 3, 2008 5:46am Sep 3, 2008 5:46am
Isn't it safer to SFB instead of going long, even for a short period of time?
  • #85,669
  • Sep 3, 2008 5:47am Sep 3, 2008 5:47am
Quoting hipcio
again

According to Algirdas Stratigy

GU will go up to 1.7781
Never sell @ lower upward channel unless breacked and vise versa .
  • #85,670
  • Sep 3, 2008 5:48am Sep 3, 2008 5:48am
Quoting bbmac
I got those pivots you mention anywhere between 7644-55, MNI mentioning 'medium bids' ' 7650/60 with stops ' 7640.

Under here and 7635/20 gets a mention with 'minor bids' ahead of 'strong bids' ' 7600/10

G/l

Sounds about right.
Those "medium bids" could hold us for at least a couple hours or so.
7600 the figure should hold us for the rest of the day.
  • #85,671
  • Sep 3, 2008 5:52am Sep 3, 2008 5:52am
Quoting n9com
short @ 7728
closed @ 7719
  • #85,672
  • Sep 3, 2008 5:52am Sep 3, 2008 5:52am
Quoting toshi
okay, I got it going to 1.7702 in about 15 minutes (6:37 AM est)
and then either we break there and test 7640 or we bounce there and
begin a reversal for the day - mayber 100 pips.
Well, lowest bid i saw was 7709 and it didn't happen until 6:44 am.

So much for forcasting.........
  • #85,673
  • Sep 3, 2008 6:02am Sep 3, 2008 6:02am
For christs sakes ! Can't be long AND short at the same time. I'd really rather see the last low break
and then test the interest from down there. From the looks of things, we may have to wait.
London's going off to lunch and the US is about to wake up. Shorts might lose a little nerve
if we don't start dropping soon. Either way. I'm ready.....
  • #85,674
  • Sep 3, 2008 6:18am Sep 3, 2008 6:18am
Other than that last 8794-todays lows 7665 area swing down has any one got any fibs plotted from any other swings that begin below 8794?

...it's difficult to find any real lower swing high from which to plot a fib that the market may think is meaningful such is the brutality of the fall from that 8794 level. I have 7890-today's lows.
ex member
  • #85,675
  • Sep 3, 2008 6:19am Sep 3, 2008 6:19am
You know what's really strange ? Last month if you faded the gaps on say
10 or 15 pips (sub -1 min TF or lower) you could bag 10 pretty much every time.
Now, good night ! we get a gap and it runs 50 or 60 pips and half the time
it doesn't even fill. Something's changed and it looks like Bernake is scalping too !
  • #85,676
  • Sep 3, 2008 6:20am Sep 3, 2008 6:20am
Quoting WedWed
According to Algirdas Stratigy

GU will go up to 1.7781
Hey,
1. I watch euro
2. I have a Keltner channel with the value set to 20
when the price break out off the chanell I do the opposite trade
1 min chart
3. I have SL 55pps
4. I usually add to losing position (1 unit only) when more than 50%
5. I close added position when the sum is close to zero
6. I cash 4-10 pps
0. I always go with trend - sometimes I risk but I shouldn't

I have also one long term position opened e/u
also Keltner ch. but contrary basis - I follow the breakout.

What concerns Algirdas - I take his pivots , and others pivots published here,
I follow the discussion here wchich is extremly helpful
I fololow the info on my platform
I follow the e/u strategy published be oneeuro member


Any way my first account has been cooked, and now I work on practice account - so please do not treat me seriously.
Jesus Christ is my only Lord !
  • #85,677
  • Sep 3, 2008 6:26am Sep 3, 2008 6:26am
been demo trading cable since a month with candlestick patterns on 5M. Works very well with this pair thats all I can say. Cable rocks
  • #85,678
  • Sep 3, 2008 6:38am Sep 3, 2008 6:38am
Quoting hipcio
Hey,
1. I watch euro
2. I have a Keltner channel with the value set to 20
when the price break out off the chanell I do the opposite trade
1 min chart
3. I have SL 55pps
4. I usually add to losing position (1 unit only) when more than 50%
5. I close added position when the sum is close to zero
6. I cash 4-10 pps
0. I always go with trend - sometimes I risk but I shouldn't

I have also one long term position opened e/u
also Keltner ch. but contrary basis - I follow the breakout.

What concerns Algirdas - I take his pivots , and others pivots published here,
I follow the discussion here wchich is extremly helpful
I fololow the info on my platform
I follow the e/u strategy published be oneeuro member


Any way my first account has been cooked, and now I work on practice account - so please do not treat me seriously.

Thx for addmitting my method
Concerning Algirdas:
1. of course, he is not scalping
2. what's wrong in watching Algirdas? He's winning nearly all the time!
Regards to ALL cable traders!!!
  • #85,679
  • Sep 3, 2008 6:44am Sep 3, 2008 6:44am
today's range 172 so far gbpusd, inside it's 5 10 and 20day pip range averages..the london session so far see-ing 100pip raange only.
7766-7666 is about the london range so far. Sub 15min t/f's in a weak uptrend now below this likely 7764-94 first upside hurdle for the pairing
ex member
  • #85,680
  • Sep 3, 2008 6:44am Sep 3, 2008 6:44am
By the way, each WINNING strategy must have at least some common entry points on the same market - otherwise it wouldn't be winning!
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