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Cable Update (GBPUSD)

  • #85,881
  • Sep 4, 2008 11:08am Sep 4, 2008 11:08am
Man that was one hell of a trap this morning.....

I hope no-one got caught with their pants down on that one....

It was very sweet for me.....
Patience + Discipline - Greed = Success
  • #85,882
  • Sep 4, 2008 11:13am Sep 4, 2008 11:13am
Quoting Infinity
Man that was one hell of a trap this morning.....

I hope no-one got caught with their pants down on that one....

It was very sweet for me.....
  • #85,883
  • Sep 4, 2008 11:17am Sep 4, 2008 11:17am
look at the power of 1 indicator on the 1h chart...:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: 62.gif Size: 49 KB
Patience + Discipline - Greed = Success
  • #85,884
  • Sep 4, 2008 11:20am Sep 4, 2008 11:20am
http://1.bp.blogspot.com/_nmIuQsC9b-...P_USD+Spot.png
{Promotion Removed}
  • #85,885
  • Sep 4, 2008 11:27am Sep 4, 2008 11:27am
some serious moves today 100 pips bounce in cable already
Trading is 80% Emotional, 20% Technical
  • #85,886
  • Sep 4, 2008 11:28am Sep 4, 2008 11:28am
selling the bounce

can hardly see it on the daily !
  • #85,887
  • Sep 4, 2008 11:28am Sep 4, 2008 11:28am
So it's been a very slow day with a massive move down in super quick time. Or so it seems. I'm now hunting for entry short again.... News tomorrow makes me cautious though
  • #85,888
  • Sep 4, 2008 11:39am Sep 4, 2008 11:39am
Quoting Infinity
look at the power of 1 indicator on the 1h chart...:nerd:
It rocks!
Just digging in the trenches like everyone else!
  • #85,889
  • Sep 4, 2008 11:42am Sep 4, 2008 11:42am
short time again?
  • #85,890
  • Sep 4, 2008 11:48am Sep 4, 2008 11:48am
Quoting eye4spot
short time again?
I am. i missed the first ride!
Keep It Simple Stupid
  • #85,891
  • Sep 4, 2008 11:49am Sep 4, 2008 11:49am
Quoting Alastair
I am. i missed the first ride!
I'm not short just yet! Looking for a higher entry price myself.
Just digging in the trenches like everyone else!
  • #85,892
  • Sep 4, 2008 11:51am Sep 4, 2008 11:51am
Quoting DJ4x
So it's been a very slow day with a massive move down in super quick time. Or so it seems. I'm now hunting for entry short again.... News tomorrow makes me cautious though
If a slow day has a 100 pip bounce in it - what is a fast day ?

you must have been short before it started then back to the start line
  • #85,893
  • Sep 4, 2008 11:59am Sep 4, 2008 11:59am
Quoting allserene
If a slow day has a 100 pip bounce in it - what is a fast day ?

you must have been short before it started then back to the start line
... Ok, its been a slow london session and a very fast start to us session.
A fast day for me would be to wake up, make my 10000 pips in a couple hours and then go off and spend the day on my motorbike (if I had a motorbike that is)
  • #85,894
  • Sep 4, 2008 12:09pm Sep 4, 2008 12:09pm
Quoting eohater
I'm not short just yet! Looking for a higher entry price myself.
Seems to have run out of steam?
Keep It Simple Stupid
  • #85,895
  • Sep 4, 2008 12:10pm Sep 4, 2008 12:10pm
Quoting DJ4x
... Ok, its been a slow london session and a very fast start to us session.
A fast day for me would be to wake up, make my 10000 pips in a couple hours and then go off and spend the day on my motorbike (if I had a motorbike that is)
I have a motorbike but it's too hot to ride it ! Try wearing a skid lid in 107 degrees

and in 4 weeks it will be too cold to ride it

So not making the 1000 pips is alright after all

I have a short on - there isnt enough conviction around to make any level sustainable I reckon
  • #85,896
  • Sep 4, 2008 12:18pm Sep 4, 2008 12:18pm
hello guys, this is my first post here..

been followed this threads 4 a while, for me as newbie found quite interesting argument how people trade with each others style..

anyway, this week Cable seems short-way huh ? how's everyone who play d opposite ?

trade well guys..


-= opto ergo sum =-
  • #85,897
  • Sep 4, 2008 12:19pm Sep 4, 2008 12:19pm
Quoting Alastair
Seems to have run out of steam?
I think she needs to go a little higher before she starts to fall again. Probably another half hour to an hour. I'm lookin around the price to enter short of 1.776x
Just digging in the trenches like everyone else!
  • #85,898
  • Sep 4, 2008 12:24pm Sep 4, 2008 12:24pm
Quoting deny_org
hello guys, this is my first post here..

been followed this threads 4 a while, for me as newbie found quite interesting argument how people trade with each others style..

anyway, this week Cable seems short-way huh ? how's everyone who play d opposite ?

trade well guys..

dem wot play d opposite is in d caca
  • #85,899
  • Sep 4, 2008 12:25pm Sep 4, 2008 12:25pm
Quoting eohater
I think she needs to go a little higher before she starts to fall again. Probably another half hour to an hour. I'm lookin around the price to enter short of 1.776x
Thats cool with me, i have time to wait for her.
that the 61%nretrace on your fib?
Keep It Simple Stupid
  • #85,900
  • Sep 4, 2008 12:35pm Sep 4, 2008 12:35pm
Quoting Alastair
Thats cool with me, i have time to wait for her.
that the 61%nretrace on your fib?
I don't use fibs to determine my trades, sorry! But it is approx 61% of the retrace. I'm currently studying them and plan to be able to incorporate them into my arsenal someday.
Just digging in the trenches like everyone else!
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