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Cable Update (GBPUSD)

  • #106,461
  • Dec 12, 2008 11:19am Dec 12, 2008 11:19am
Quoting Infinity
I am not in a trade but I just saw this...

It was a nice shampoo play...
I was thinking about that but I wasnt convinced at the time, shame could have grabbed a bunch of pips
  • #106,462
  • Dec 12, 2008 11:25am Dec 12, 2008 11:25am
I did sneak a long in there quickly after I closed my short. Thought it was risky at the time but it looks good now. Currently 60 pips up. I am just a little surprised at how quickly the longs move in relation to the shorts. It leads me to believe the rumours of a price push down to release some dollar positions. I note the Eur has not moved up. yet. A move up there could help this long??

May as well take some profits at the 61 fib and let this baby do her thing.

Dow is looking quite cheerful too.

Ok Really am off to get the beer now... Al, all serene if the pass is shut. Nice!

Quoting PipLand
i got a better price on my long now so dont make it fall this time!
Ride the Bulls bearback!
  • #106,463
  • Dec 12, 2008 11:30am Dec 12, 2008 11:30am
Quoting alcando
I did sneak a long in there quickly after I closed my short....

the treasury is gonna give the money to the auto industry after all apparantly, hence the change in sentiment
  • #106,464
  • Dec 12, 2008 11:32am Dec 12, 2008 11:32am
Yes but they have been saying that all afternoon and this baby kept sliding even with the Dow looking ok. Scatty old beast the cable thing this week.


Quoting PipLand
the treasury is gonna give the money to the auto industry after all apparantly, hence the change in sentiment
Ride the Bulls bearback!
  • #106,465
  • Dec 12, 2008 11:35am Dec 12, 2008 11:35am
Quoting alcando
Yes but they have been saying that all afternoon and this baby kept sliding even with the Dow looking ok. Scatty old beast the cable thing this week.
yeah I heard mention of it during the day but Bloomberg said this had just happened about 10 mins ago this was. The market seems to have reacted.

They have to give them the money now otherwise its index shorting time next week
  • #106,466
  • Dec 12, 2008 11:44am Dec 12, 2008 11:44am
Could be a plan. What I don't get now, is if cable is rallying so hard, why is Eur sitting on her hands??

Quoting PipLand
yeah I heard mention of it during the day but Bloomberg said this had just happened about 10 mins ago this was. The market seems to have reacted.

They have to give them the money now otherwise its index shorting time next week
Ride the Bulls bearback!
  • #106,467
  • Dec 12, 2008 11:47am Dec 12, 2008 11:47am
Quoting micho
hi man, for my opinion i am not sure about cable. but euro's run isnt over. if cable wants to follow euro maybe it will rise but if it keeps acting independent i dont know... i haven't traded cable much this week but cable should end up in 1.5x sometime later... im sure the other members here can give you their analysis as well... what do you think guys?
Might be right, if I don't mistake, the last 2 or 3 friday usually be ended close to level opening or at least moves to that level !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #106,468
  • Dec 12, 2008 11:50am Dec 12, 2008 11:50am
i fell for the short again....damnit

i add enough this week.....i almost did a revenge trade...gotta stop b4 i try that
  • #106,469
  • Dec 12, 2008 11:54am Dec 12, 2008 11:54am
Quoting alcando
Could be a plan. What I don't get now, is if cable is rallying so hard, why is Eur sitting on her hands??
Eur reached a high against the £ so is falling against that and also its at hard resitance against the $ at 1.3406
  • #106,470
  • Dec 12, 2008 12:01pm Dec 12, 2008 12:01pm
Quoting nAVIN2007
i fell for the short again....damnit

i add enough this week.....i almost did a revenge trade...gotta stop b4 i try that
Navin check your chart again. You correctly identified 14832 as support, and that support held, it wasnt broken only pierced even on the 15min
  • #106,471
  • Dec 12, 2008 12:02pm Dec 12, 2008 12:02pm
Quoting Infinity
I am not in a trade but I just saw this...

It was a nice shampoo play...
Your limit trend line worked properly, but I still need more confidence to apply it, because not familiar yet therefore I always late to make an entry and only get +40 pips from short and long then ! It is not so bad for my 4% account blown today !
GBU bro !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #106,472
  • Dec 12, 2008 12:10pm Dec 12, 2008 12:10pm
Quoting PipLand
Navin check your chart again. You correctly identified 14832 as support, and that support held, it wasnt broken only pierced even on the 15min
when i entered the short i thought it might be false break, i accepted thinking surely it wont go back up this time unfortunately i paid the price because some some reason i seem to be entering just to easily...

i will have to get displined next week and some this stupidness anyways i went short once again.very tight stop 32 pips ......lol its at the 61% retrace, might fall ...i hope
  • #106,473
  • Dec 12, 2008 12:13pm Dec 12, 2008 12:13pm
Quoting nAVIN2007
when i entered the short i thought it might be false break, i accepted thinking surely it wont go back up this time unfortunately i paid the price because some some reason i seem to be entering just to easily...

i will have to get displined next week and some this stupidness anyways i went short once again.very tight stop 32 pips ......lol its at the 61% retrace, might fall ...i hope
Im still long but for me right this min its in a no trade area, no shorts no longs.

I am not looking for a short until past 1.51
  • #106,474
  • Dec 12, 2008 12:15pm Dec 12, 2008 12:15pm
Quoting PipLand
Im still long but for me right this min its in a no trade area, no shorts no longs.

I am not looking for a short until past 1.51
this is what im looking at..risky as hell
Attached Image (click to enlarge)
Click to Enlarge Name: 15_minue cable.JPG Size: 122 KB
  • #106,475
  • Dec 12, 2008 12:16pm Dec 12, 2008 12:16pm
No point in entering any post now.
Gonna close in less than 3 hrs time unless....
looking for a GAP next week
  • #106,476
  • Dec 12, 2008 12:18pm Dec 12, 2008 12:18pm
ok...
placed a S/Limit on the daily pivot with a 20 SL and a trailing of 20...
navin, pipland..wat u guys say...just trying to sell the resistance..
  • #106,477
  • Dec 12, 2008 12:21pm Dec 12, 2008 12:21pm
Quoting nAVIN2007
this is what im looking at..risky as hell
You said yourself "risky as hell" your supposed to be looking for high probability not low probability. theres no high probability trades from this point in my view its 50/50 from here but as im already long im holding to see if it can push higher.

Dont worry i used to do the same thing all the time
  • #106,478
  • Dec 12, 2008 12:21pm Dec 12, 2008 12:21pm
Quoting manize
Your limit trend line worked properly, but I still need more confidence to apply it, because not familiar yet therefore I always late to make an entry and only get +40 pips from short and long then ! It is not so bad for my 4% account blown today !
GBU bro !
did u blow 4% of yur account today bro...i hope i am misreading this?
  • #106,479
  • Dec 12, 2008 12:22pm Dec 12, 2008 12:22pm
Been a great week of trading. I closed last week by issuing a challenge I will do the same this week. Anyone who is struggling contact me. lets roll

You will get turned around in two weeks.


Later folks
  • #106,480
  • Dec 12, 2008 12:25pm Dec 12, 2008 12:25pm
Quoting steelhead
Been a great week of trading. I closed last week by issuing a challenge I will do the same this week. Anyone who is struggling contact me.

You will get turned around in two weeks.


Later folks
I hope people are taking you up on this offer a year ago I would have been biting your arm off for help!
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