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Cable Update (GBPUSD)

  • #125,881
  • Mar 10, 2009 10:16am Mar 10, 2009 10:16am
Quoting wormboy
Maybe you want to hold on to the thought of scalping for another 12 minutes? Good luck sofia
Thank you I am scalping in the direction of a trend ,I like your chart .A little correction down side probably at 1.3740
  • #125,882
  • Mar 10, 2009 10:16am Mar 10, 2009 10:16am
Quoting sofia101
I can see cable reaching about 1.3730 or so good entry ,I overslept.
Its the summertime thing Sofia

are you a wild westener like me ?
  • #125,883
  • Mar 10, 2009 10:19am Mar 10, 2009 10:19am
She goes into the short channel again !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #125,884
  • Mar 10, 2009 10:22am Mar 10, 2009 10:22am
Quoting manize
She goes into the short channel again !
as usual
take profit 1.3650
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  • #125,885
  • Mar 10, 2009 10:24am Mar 10, 2009 10:24am
Quoting allserene
Its the summertime thing Sofia

are you a wild westener like me ?
LOL maybe
  • #125,886
  • Mar 10, 2009 10:28am Mar 10, 2009 10:28am
If the 1.3500 form a double bottom, I will buildup a long position for a retracement..

This maybe the bottom 1.3500 IMHO.

If the 1.3500 breaks, oh well time to short for new level..

Attached Image (click to enlarge)
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  • #125,887
  • Mar 10, 2009 10:28am Mar 10, 2009 10:28am
Here is a perfect example of changing the rules:

The DOW is up 285 points

usually cable follows the DOW but today it is inverse !

some times cable follows euro pip for pip - recently the correlation is very fragile or non existent


I am always very careful about correlations as the rules change constantly and with no notice

correlators beware

or - see ya later correlator
  • #125,888
  • Mar 10, 2009 10:35am Mar 10, 2009 10:35am
Quoting allserene
Here is a perfect example of changing the rules:

The DOW is up 285 points

usually cable follows the DOW but today it is inverse !

some times cable follows euro pip for pip - recently the correlation is very fragile or non existent


I am always very careful about correlations as the rules change constantly and with no notice

correlators beware



or - see ya later correlator


I personally like to watch a bit of Correlation Street on the television.....
  • #125,889
  • Mar 10, 2009 10:35am Mar 10, 2009 10:35am
Look at the Gold if the TL breaks than it maybe a rebound for DJ and GJ


Quoting allserene
Here is a perfect example of changing the rules:

The DOW is up 285 points

usually cable follows the DOW but today it is inverse !

some times cable follows euro pip for pip - recently the correlation is very fragile or non existent


I am always very careful about correlations as the rules change constantly and with no notice

correlators beware

or - see ya later correlator
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr gold.gif Size: 21 KB
[
  • #125,890
  • Mar 10, 2009 10:42am Mar 10, 2009 10:42am
Quoting linleysound
I personally like to watch a bit of Correlation Street on the television.....
I was getting homesick for hedgehogs and bunnies until you said that...
Lancastrians on the telly ? aaargghhhh

taking a mini scalp long right now - but i will be out with lunch money in a few seconds
  • #125,891
  • Mar 10, 2009 10:48am Mar 10, 2009 10:48am
Typiical Yorkshireman, all p*ss and wind!
  • #125,892
  • Mar 10, 2009 10:55am Mar 10, 2009 10:55am
here's goes freefall
my pending short order was just opened, nice down ride expect
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  • #125,893
  • Mar 10, 2009 10:57am Mar 10, 2009 10:57am
Quoting FOURX
Typiical Yorkshireman, all p*ss and wind!
Can't believe my good luck being born there....

ok took lunch money then reversed to a short

this scalping stuff is great as crazy horse used to say - is better than long term positions right now - I will have enough for an assault rifle and a video bible and a weight loss trainer soon
  • #125,894
  • Mar 10, 2009 10:59am Mar 10, 2009 10:59am
Quoting Forbes55
here's goes freefall
my pending short order was just opened, nice down ride expect
Hmmm... it tested and was thrown back north.

Seems to be a reasonable demand down there...
  • #125,895
  • Mar 10, 2009 11:00am Mar 10, 2009 11:00am
I see the pound bouncing all the way up to the 1.4022 = 50 % fib ret. before falling , does anybody else see this ?, or is it just me ........
I`ve been wrong before,and I may be wrong again.
  • #125,896
  • Mar 10, 2009 11:05am Mar 10, 2009 11:05am
Quoting cttrader
I see the pound bouncing all the way up to the 1.4022 = 50 % fib ret. before falling , does anybody else see this ?, or is it just me ........

keep your nose away from my cocaine
  • #125,897
  • Mar 10, 2009 11:14am Mar 10, 2009 11:14am
Quoting allserene
keep your nose away from my cocaine
  • #125,898
  • Mar 10, 2009 11:14am Mar 10, 2009 11:14am
free fall!

1.3624 = -1.27 on daily fibs...

------------
Another 60 pips for me.

Notice i'm at school now, into a math statistic course... its boring vs Fx... lol!
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Funny day, nice profit for me.
Going for bus/metro/home thing!
Later all!
  • #125,899
  • Mar 10, 2009 11:15am Mar 10, 2009 11:15am
wave chart, take profit 1.3500
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  • #125,900
  • Mar 10, 2009 11:16am Mar 10, 2009 11:16am
Quoting Inzider
free fall!
that's simple as I said before nice waterfall
my order opened from 1.3755 take profit 1.3630-50
I only wish that I opened order only by 0.15 lot
I should have used 0.50 lot at least
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