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Cable Update (GBPUSD)

  • #87,961
  • Sep 15, 2008 12:18pm Sep 15, 2008 12:18pm
doing well on my shorts this morning pacific time


I just short the peaks and jump out after a reasonable drop

I have cable and euro charts running side by side and as long as they correlate, i short the euro as the spread is only 0.9 to 1.5 pips on OANDA when cable is 3.5

If I was using cable spreads , the charges would take a chunk out of scalping like this

ps oanda is crap on connectivity and goes out for 24 hours at the most important times
  • #87,962
  • Sep 15, 2008 12:27pm Sep 15, 2008 12:27pm
I am not so sure we are going to make a new low anytime soon ... I would like to see another test of the 4h 50ema... that will give me a better idea what will happen but for now.. we just had a bounce down off the weekly 5sma and a bounce up off the weekly 365sma which was also the 4h 50ema. I think we are going to see 8350 soon.... I could be wrong...
Attached Image (click to enlarge)
Click to Enlarge Name: 4.GIF Size: 21 KB
Patience + Discipline - Greed = Success
  • #87,963
  • Sep 15, 2008 12:33pm Sep 15, 2008 12:33pm
Quoting Infinity
I am not so sure we are going to make a new low anytime soon ... I would like to see another test of the 4h 50ema... that will give me a better idea what will happen but for now.. we just had a bounce down off the weekly 5sma and a bounce up off the weekly 365sma which was also the 4h 50ema. I think we are going to see 8350 soon.... I could be wrong...
That's what I'm looking at. I was hoping for another retest of the 4h 50 ema myself, but I don't think we are going to get it. It's riding along the 4h 10sma with the 5 sma converging together. She could work her way up the 10 sma with the 5 sma supporting the move.
Just digging in the trenches like everyone else!
  • #87,964
  • Sep 15, 2008 12:57pm Sep 15, 2008 12:57pm
yee har ride that bucking bronco

what a hoot - its too much fun to mow the lawn
  • #87,965
  • Sep 15, 2008 12:58pm Sep 15, 2008 12:58pm
Quoting Infinity
I am not so sure we are going to make a new low anytime soon ... I would like to see another test of the 4h 50ema... that will give me a better idea what will happen but for now.. we just had a bounce down off the weekly 5sma and a bounce up off the weekly 365sma which was also the 4h 50ema. I think we are going to see 8350 soon.... I could be wrong...

yur writing what im thinking...lol..
a test of the 50ema would be great....if we break 1.7700 then short this mother otherwise we headin up i believe also
  • #87,966
  • Sep 15, 2008 1:19pm Sep 15, 2008 1:19pm
Hi guys , what is your stoploss for sterling intraday scalping trades
  • #87,967
  • Sep 15, 2008 1:27pm Sep 15, 2008 1:27pm
Quoting Shilva
locked in 30 on this trade...TP is 7810 or close of NY session
stopped out on this trade about 1:30 eastern with +30 when price broke back above 7900

I am thinking that fundamentals will rule for the next few days. I am going to be Trading the News!!
  • #87,968
  • Sep 15, 2008 1:34pm Sep 15, 2008 1:34pm
holly cow....doris is banned....
  • #87,969
  • Sep 15, 2008 1:42pm Sep 15, 2008 1:42pm
Something to happen soon!
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  • #87,970
  • Sep 15, 2008 2:02pm Sep 15, 2008 2:02pm
Quoting nAVIN2007
holly cow....doris is banned....
What did she make to many correct predictions!
  • #87,971
  • Sep 15, 2008 2:12pm Sep 15, 2008 2:12pm
Quoting Runway Trade
What did she make to many correct predictions!
Just digging in the trenches like everyone else!
  • #87,972
  • Edited 2:58pm Sep 15, 2008 2:16pm | Edited 2:58pm
Quoting Runway Trade
What did she make to many correct predictions!
RT i hope u didnt go short to a big lot size...?
  • #87,973
  • Sep 15, 2008 2:54pm Sep 15, 2008 2:54pm
Quoting nAVIN2007
RT i hope u did go short to a big lot size...?
I hope no one is short under the price of 1.7920. We might not see that again for a minute or two. I'm currently long at 1.7945 and looking to add more when the time is right.
Just digging in the trenches like everyone else!
  • #87,974
  • Sep 15, 2008 2:59pm Sep 15, 2008 2:59pm
Quoting eohater
I hope no one is short under the price of 1.7920. We might not see that again for a minute or two. I'm currently long at 1.7945 and looking to add more when the time is right.

man u waste no time at all ...
  • #87,975
  • Sep 15, 2008 3:01pm Sep 15, 2008 3:01pm
Quoting eohater
I hope no one is short under the price of 1.7920. We might not see that again for a minute or two. I'm currently long at 1.7945 and looking to add more when the time is right.
Looking to add around 1.796x if we shoud get back down there in the next 4 hours.
Just digging in the trenches like everyone else!
  • #87,976
  • Sep 15, 2008 3:03pm Sep 15, 2008 3:03pm
Quoting nAVIN2007
man u waste no time at all ...
I have this fascination with money!
Just digging in the trenches like everyone else!
  • #87,977
  • Sep 15, 2008 3:04pm Sep 15, 2008 3:04pm
Wall Street

- The Meltdown continues ,,,,,,,,,,, !
How could so many so called " smart people "
find themselves in this mess ?....................

Lehman Brother's has 60-70 Billion in bad Mortgages ,
......but the they are only worth 10 billion ..........

What the Fu'.&$@%;.... is that ?

Tell me : Who approved all those loans ? ................
--------------------------------------------------------
Lehman Brothers were # 1 in the Bond Business ,,,
why couldn't they simply just stay with trading the US T-Bonds :

///////////////////////////////////////////////////////////////////////////////

AIG ............. was #1 in the Insurance Business

how could AIG be selling insurance all these years, and now
in a time of crisis they have no insurance of their own ?

It's all phoey . I tell you !


What the Fu'.&$@%;.... is that ?
--------------------------------------------------------

and besides , here the kicker ,

the Big Banks are soposedly trading Forex ? ... Right
( this could be the biggest misleading lie , ever ..... )

then ,why is there all this failure by the " smart people " is happening ?


/////////////////////////////////////////////////////////////////////////////////

if you believe that Bull Sh'%;t about Big Banks trading Forex

how come all theses big banks are failing ....... ! then ?

-------------------------------------------------------------------

If you want to see some truth of what's really happening

See these 2 videos :

--------------------------------------------------------
( Sorry , posting of links not allowed in here )

------------------------------------------------------------------
  • #87,978
  • Sep 15, 2008 3:13pm Sep 15, 2008 3:13pm
Quoting marketwavez
Wall Street

- The Meltdown continues ,,,,,,,,,,, !
How could so many so called " smart people "
find themselves in this mess ?....................

Lehman Brother's has 60-70 Billion in bad Mortgages ,
......but the they are only worth 10 billion ..........

What the Fu'.&$@%;.... is that ?

Tell me : Who approved all those loans ? ................
--------------------------------------------------------
Lehman Brothers were # 1 in the Bond Business ,,,
why couldn't they simply just stay with trading the US T-Bonds :

///////////////////////////////////////////////////////////////////////////////

AIG ............. was #1 in the Insurance Business

how could AIG be selling insurance all these years, and now
in a time of crisis they have no insurance of their own ?

It's all phoey . I tell you !


What the Fu'.&$@%;.... is that ?
--------------------------------------------------------

and besides , here the kicker ,

the Big Banks are soposedly trading Forex ? ... Right
( this could be the biggest misleading lie , ever ..... )

then ,why is there all this failure by the " smart people " is happening ?


/////////////////////////////////////////////////////////////////////////////////

if you believe that Bull Sh'%;t about Big Banks trading Forex

how come all theses big banks are failing ....... ! then ?

-------------------------------------------------------------------

If you want to see some truth of what's really happening

See these 2 videos :

--------------------------------------------------------
( Sorry , posting of links not allowed in here )

------------------------------------------------------------------
yep scary stuff and shows the worlds corruption ...makes u think what the hell is happening in this world
  • #87,979
  • Sep 15, 2008 3:24pm Sep 15, 2008 3:24pm
Meh mods edited the links, PM the links to me.
  • #87,980
  • Sep 15, 2008 3:26pm Sep 15, 2008 3:26pm
Quote
Wall Street

- The Meltdown continues ,,,,,,,,,,, !
How could so many so called " smart people "
find themselves in this mess ?....................

Lehman Brother's has 60-70 Billion in bad Mortgages ,
......but the they are only worth 10 billion ..........

Tell me : Who approved all those loans ? ................
--------------------------------------------------------
------------------------------------------------------------------
TALK ABOUT MONEY MANAGEMENT ,
Lehman Brothers really over extend themselves , to say the least

It seems like ,
158 years in business has taught them whole alot about Money Management
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