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Cable Update (GBPUSD)

  • #124,521
  • Mar 3, 2009 9:01am Mar 3, 2009 9:01am
Quoting duflingy
news time... caution
And as an added bonus we get Mr. Bigmouth Bernake to speak.

There goes the s&P again...lol
  • #124,522
  • Mar 3, 2009 9:02am Mar 3, 2009 9:02am
Quoting goodwings
You are the BEST! Got evevrything NOW......by your call. Thanks pip. Entered @.2625 and out @ .2595. Tanx Tanx Tanx
Nice Im glad you got some pips from that! It wasnt a call though! Yes thats where i thought it was going and unfortunatly i didnt take the trade but im mostly concentrating on cable of recent times and I use EU and EG to help me plan my entries, so I still do draw up my EU and EG charts just not trading them at the moment
  • #124,523
  • Mar 3, 2009 9:04am Mar 3, 2009 9:04am
wow that looks like more bad news!!
  • #124,524
  • Mar 3, 2009 9:06am Mar 3, 2009 9:06am
1hr cable closed bearish engulfing so im still holding my short
  • #124,525
  • Mar 3, 2009 9:06am Mar 3, 2009 9:06am
penfing homae sales -7.7%, can we see 1.3900 today?
  • #124,526
  • Mar 3, 2009 9:15am Mar 3, 2009 9:15am
hope i did this right. now am looking to the first trade south, with TP set and second trade to trigger ...

I placed the short early this AM, and hedged out for nice profits, but am now back to yours...

hope i did this right... open to chastisement if not
Durn the torpedos, full speed ahead
  • #124,527
  • Mar 3, 2009 9:17am Mar 3, 2009 9:17am
Quoting uut
penfing homae sales -7.7%, can we see 1.3900 today?
hi
i'm expecting yesterdays low, at least
  • #124,528
  • Mar 3, 2009 9:23am Mar 3, 2009 9:23am
Quoting uut
penfing homae sales -7.7%, can we see 1.3900 today?
if it breaks and holds below 1.4000, i believe it will go to Abu's second target before the day is done. 1.3829 or there abouts
Durn the torpedos, full speed ahead
  • #124,529
  • Mar 3, 2009 9:26am Mar 3, 2009 9:26am
Quoting duflingy
hope i did this right. now am looking to the first trade south, with TP set and second trade to trigger ...

I placed the short early this AM, and hedged out for nice profits, but am now back to yours...

hope i did this right... open to chastisement if not
you're doing fine. prolly better off taking out the tp & locking in instead while letting the second one trigger. Never know how far she's going.
Cheers
Thank You
  • #124,530
  • Mar 3, 2009 9:27am Mar 3, 2009 9:27am
Quoting wormboy
you're doing fine. prolly better off taking out the tp & locking in instead while letting the second one trigger. Never know how far she's going.
Cheers

tnx
Durn the torpedos, full speed ahead
  • #124,531
  • Mar 3, 2009 9:42am Mar 3, 2009 9:42am
Quoting duflingy
if it breaks and holds below 1.4000, i believe it will go to Abu's second target before the day is done. 1.3829 or there abouts
damn today i have 3 SL, first buy n sell n buy again.... 3x -56pips =..... my first i go with abu be my bad day, lets see tommorow, i hope like yesterday abu win's enough for today, i quit
  • #124,532
  • Mar 3, 2009 10:03am Mar 3, 2009 10:03am
Quoting dashboard
damn today i have 3 SL, first buy n sell n buy again.... 3x -56pips =..... my first i go with abu be my bad day, lets see tommorow, i hope like yesterday abu win's enough for today, i quit
I always follow Abuawad's recommendation. However, I found out that if the market is stagnant and does not move much then I won't use it. However if there is huge movement then we can follow his method. For myself, I use it on friday and sometime on monday (since seldom trade on monday)
  • #124,533
  • Mar 3, 2009 10:13am Mar 3, 2009 10:13am
Quoting dashboard
damn today i have 3 SL, first buy n sell n buy again.... 3x -56pips =..... my first i go with abu be my bad day, lets see tommorow, i hope like yesterday abu win's enough for today, i quit
it's crucial to match your order/position with the closing price of the candle and during suitable time too where volatility come in from the market. like UK/US open. Try to study Abuawad trading method he posted on his blog - youtube videos..
  • #124,534
  • Mar 3, 2009 10:16am Mar 3, 2009 10:16am
I use multiple brokers, but I'm looking for a charting program that isn't pinned to any one broker. Anyone have any suggestions, I'm generally new to TA, and charting, and would like to experiment with it to get good at using the program as i learn new charting methods. Any suggestions?
  • #124,535
  • Mar 3, 2009 10:18am Mar 3, 2009 10:18am
google metatrader or mt4 (same product)
  • #124,536
  • Mar 3, 2009 10:21am Mar 3, 2009 10:21am
closing this 30 m candle below 1.4030 would mean diving down
  • #124,537
  • Mar 3, 2009 10:21am Mar 3, 2009 10:21am
hey guys,

i am short 4010, SL 4120, TP 3920
  • #124,538
  • Mar 3, 2009 10:24am Mar 3, 2009 10:24am
3920! That's where I'm headed
Thank You
  • #124,539
  • Edited 10:28am Mar 3, 2009 10:27am | Edited 10:28am
Quoting kalparker
I use multiple brokers, but I'm looking for a charting program that isn't pinned to any one broker. Anyone have any suggestions, I'm generally new to TA, and charting, and would like to experiment with it to get good at using the program as i learn new charting methods. Any suggestions?
i use ninja trader w/MB Trading, an ECN broker that's been mentioned here before. i began using ninja with futures, so i'm used to it now - don't really know how it compares with MT4 in terms of charting... good luck

whoops - forgot to mention you can use it with other brokers like interactive, gain, etc. and free demos are easy to come by...
  • #124,540
  • Mar 3, 2009 10:27am Mar 3, 2009 10:27am
Quoting CableXpert
hey guys,

i am short 4010, SL 4120, TP 3920
Can I ask why you took an entry at 4010? I just think its a little risky being close to support and the way the last 15min candle closed, theres the risk we may run upto the trendline before heading down again, i hope not because im short too but you never know
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