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Cable Update (GBPUSD)

  • #125,121
  • Mar 5, 2009 10:56am Mar 5, 2009 10:56am
Quoting allserene
What is a neiborg ? didn't they have them on star trek ?
Yes! Its the one whit long ears and green skin, looking like a grinch!

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

neighbor - voisin = le gars qui t'achalle quand tu tond ton gazon, prend une bière relax sur ton balcon ou fait cuire ton steak sur le BBQ.

U know?!

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

ur turn : http://www.french-linguistics.co.uk/dictionary/
  • #125,122
  • Mar 5, 2009 10:59am Mar 5, 2009 10:59am
Quoting Inzider
Yes! Its the one whit long ears and green skin, looking like a grinch!

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

neighbor - voisin = le gars qui t'achalle quand tu tond ton gazon, prend une bière relax sur ton balcon ou fait cuire ton steak sur le BBQ.

U know?!

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

ur turn : http://www.french-linguistics.co.uk/dictionary/

tok pehe kawe weh...?!
Patience is the keyword here...
  • #125,123
  • Mar 5, 2009 11:00am Mar 5, 2009 11:00am
Quoting affandiz
tok pehe kawe weh...?!
good question!
  • #125,124
  • Mar 5, 2009 11:00am Mar 5, 2009 11:00am
Quoting Inzider
Yes! Its the one whit long ears and green skin, looking like a grinch!

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

neighbor - voisin = le gars qui t'achalle quand tu tond ton gazon, prend une bière relax sur ton balcon ou fait cuire ton steak sur le BBQ.

U know?!
ah oui ! je parle un peu le francais si on ne parle pas trop vite !

aber nicht genug wirklich !

hasta luego hombre....


come on cable and get on down there !
  • #125,125
  • Mar 5, 2009 11:02am Mar 5, 2009 11:02am
Quoting allserene
ah oui ! je parle un peu le francais si on ne parle pas trop vite !

aber nicht genug wirklich !

hasta luego hombre....


come on cable and get on down there !


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

I wish you it, but daily chart dosen't look good ..... Hope i'm wrong.
That dam lower trendline (lower median pitchfork) kills...
Attached Image (click to enlarge)
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  • #125,126
  • Mar 5, 2009 11:03am Mar 5, 2009 11:03am
Quoting affandiz
tok pehe kawe weh...?!
tak paham ka?

okay took a position.
short @4116 sl@4385 Good nite fellas. Happy trading.
Chow
Thank You
  • #125,127
  • Mar 5, 2009 11:08am Mar 5, 2009 11:08am
Quoting wormboy
tak paham ka?

okay took a position.
short @4116 sl@4385 Good nite fellas. Happy trading.
Chow
Selamat Melam
  • #125,128
  • Mar 5, 2009 11:26am Mar 5, 2009 11:26am
Quoting wormboy
tak paham ka?

okay took a position.
short @4116 sl@4385 Good nite fellas. Happy trading.
Chow
Man....270 pip stoploss.....Personally, I think that is a crazy trade to take. Even if it's a longer term position you're taking, the rationale for it seems to rest solely on a directional bias you have for the short side....I guess this is understandable given what's going on in the USA at present; but IMHO, 1.4000 hasn't been convincingly broken this week, Interest rates are basically as low as they're gonna go, and even if the charts are showing a downwards wedge, in the near term Cable is just as likely to go up as down (assuming no sudden dollar buying armageddon in America....)
  • #125,129
  • Mar 5, 2009 11:35am Mar 5, 2009 11:35am
Quoting wormboy
tak paham ka?

okay took a position.
short @4116 sl@4385 Good nite fellas. Happy trading.
Chow
thanks wb..

but huge sl ehh..

takut gua..

pop
forexisbiz
  • #125,130
  • Mar 5, 2009 11:35am Mar 5, 2009 11:35am
Im back and my new 4hr candle looks exactly the same as the one I was looking at hours ago, price is moving east in a straight line according to my 4hr chart
  • #125,131
  • Mar 5, 2009 11:37am Mar 5, 2009 11:37am
What an absolutely brutal day...

I am used to waiting for trades, but this is terrible...

Cable wise I am still tending to long(short term), but not interested in the range we been playing with.

Hope the afternoon shapes up, might take on a paper route if it doesn't.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #125,132
  • Mar 5, 2009 11:40am Mar 5, 2009 11:40am
Quoting wormboy
tak paham ka?

Yes, a hammer sandwich with a bit of mustard on it ....
  • #125,133
  • Mar 5, 2009 11:44am Mar 5, 2009 11:44am
Quoting Magix
What an absolutely brutal day...

I am used to waiting for trades, but this is terrible...

Cable wise I am still tending to long(short term), but not interested in the range we been playing with.

Hope the afternoon shapes up, might take on a paper route if it doesn't.

i can catch all the way down on GJ. but gu move erratic today. now is trapped in the pivot and can't scape. but i tempted to short it. i have 1 running.
  • #125,134
  • Mar 5, 2009 11:50am Mar 5, 2009 11:50am
Quoting cesarg
i can catch all the way down on GJ. but gu move erratic today. now is trapped in the pivot and can't scape. but i tempted to short it. i have 1 running.
Caught 2x shorts on it, 40 on one, 15 on another...missed the long cycle and if it werent for a split second turn, i would have been trapped on a sale below 1.41...

Support lines are moving up, but the ceiling isn't...trapped, a place I really don't wanna be.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #125,135
  • Mar 5, 2009 11:56am Mar 5, 2009 11:56am
Quoting Magix
Caught 2x shorts on it, 40 on one, 15 on another...missed the long cycle and if it werent for a split second turn, i would have been trapped on a sale below 1.41...

Support lines are moving up, but the ceiling isn't...trapped, a place I really don't wanna be.
Exactly right. IMHO I just don't think this is the place to be shorting...especially using crazy 270 pip stops...where's the risk reward ratio in that, unless immediate tankage to 1.35 is expected? Otherwise, wait for a higher level.
  • #125,136
  • Mar 5, 2009 11:57am Mar 5, 2009 11:57am
Quoting linleysound
Man....270 pip stoploss.....Personally, I think that is a crazy trade to take...
It's crazy because you are not familiar of how it works for me. Personally, I think getting stopped out of a 30pip stoploss every 5 minutes is crazy and a waste of time. But that's because I'm not familiar and comfortable with scalps.
You can check how I get the system to work at the long term cable thread.
The 270 pip stop is explained there too.
Okay, am off zzzzzzzzz. Good luck guys. Ta
Thank You
  • #125,137
  • Mar 5, 2009 12:00pm Mar 5, 2009 12:00pm
Quoting linleysound
Exactly right. IMHO I just don't think this is the place to be shorting...especially using crazy 270 pip stops...where's the risk reward ratio in that, unless immediate tankage to 1.35 is expected? Otherwise, wait for a higher level.
Totally agree .... we need to look for entry points which are extremely opposite to what we perceive as the direction...

These opportunities do present, and thats the time to climb aboard - unfortunately I always get in too soon and have a heart stopping 30 mins. Have to work on that
  • #125,138
  • Mar 5, 2009 12:00pm Mar 5, 2009 12:00pm
My bias has switched and im just about leaning towards the short side now heres my 4 hour. Im flat though entry is too risky for me
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  • #125,139
  • Mar 5, 2009 12:02pm Mar 5, 2009 12:02pm
Quoting wormboy
It's crazy because you are not familiar of how it works for me. Personally, I think getting stopped out of a 30pip stoploss every 5 minutes is crazy and a waste of time. But that's because I'm not familiar and comfortable with scalps.
You can check how I get the system to work at the long term cable thread.
The 270 pip stop is explained there too.
Okay, am off zzzzzzzzz. Good luck guys. Ta

There's quite a big difference between a 30 and 270 pip stoploss. Risk reward? To me that kind of 'long term' trading = stick it on and hope for the best.
  • #125,140
  • Mar 5, 2009 12:04pm Mar 5, 2009 12:04pm
Quoting linleysound
Exactly right. IMHO I just don't think this is the place to be shorting...especially using crazy 270 pip stops...where's the risk reward ratio in that, unless immediate tankage to 1.35 is expected? Otherwise, wait for a higher level.
Based on a 4 hr chart, and if I had a separate account that I didn't have to watch a blood bath with, I would be inclined to hop onto this same short.

4hr candle below what I use as support on moving averages, typically indicating sell cycle. Problem is, the rest of my indicators are indecisive...

The shorter charts, 15m, still looks long, but with such a short range, easy to get trapped on either side. Corrective spikes on a 5m chart, still in ranges, I am all about rapid fire, but not that fast.

EJ short looking good. A little late on my entry, but sitting green as of current and about to look really good if trend continues...
Pulled plug on EJ short....minute chart went long, range of spike is greater then my poe..
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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