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Cable Update (GBPUSD)

  • #127,621
  • Mar 22, 2009 6:58pm Mar 22, 2009 6:58pm
Quoting Magix
Not so sure I have seen better charts for a Soft Hedge....

I am long on GU, GJ and short on EU, EJ....

With tops on EJ, EU, and mind range on GJ, GU and EG about maxed, I think I should profit on all trades.

Double lots, Long GJ, GU, shorts EJ, EU....

Looking for the long bomb on EG, and to take min on this week +200 min on all trades.

GL all!
Good luck!
  • #127,622
  • Mar 22, 2009 9:04pm Mar 22, 2009 9:04pm
Quoting jack.canadia
Good luck!
GEEZ, Thanx Mister!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #127,623
  • Mar 22, 2009 9:32pm Mar 22, 2009 9:32pm
Hey guys...

Here are a few Dow charts for you. Might see some downside based on the weekly. Ideally to the 7000 area before any sort of bounce up.
Attached Image(s) (click to enlarge)
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  • #127,624
  • Mar 22, 2009 9:40pm Mar 22, 2009 9:40pm
Quoting Tmac
For everyone and anyone who is looking for someone to trade their accounts or looking for a managed account in any capacity

If you must then

let me give you some simple words of advise

ask them for an investor password to a LIVE account they are trading

watch them for a min of 30 days to see how they trade

then if you feel you can trust them...go for it

[b][size=3]if they cannot provide at a bare min 3 months of LIVE records then save your...
well now you can give us your LIVE 3 months history and we'll see it
ROBOT FOREX
  • #127,625
  • Mar 22, 2009 9:46pm Mar 22, 2009 9:46pm
Quoting Forbes55
well now you can give us your LIVE 3 months history and we'll see it
What does this have to do with anything....A few words of caution for new traders should be more welcomed than what would seem an initiation for another pissing contest.

Would love to see us let sleeping dogs lie and get back to the TA and speculation of cable, I think more would prosper.

Let the muck slinging end...PLEASE...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #127,626
  • Mar 22, 2009 9:58pm Mar 22, 2009 9:58pm
Quoting Magix
What does this have to do with anything....A few words of caution for new traders should be more welcomed than what would seem an initiation for another pissing contest.

Would love to see us let sleeping dogs lie and get back to the TA and speculation of cable, I think more would prosper.

Let the muck slinging end...PLEASE...
I WHOLE heartedly agree!! This crap does no one any good. Lets get back to charting and philosophy. Magix, I posted these over at the wormhole cause i could'nt stand the pissing contest here!! I am still thinking south,with an entry off the bounce at or around 4600
Attached Image(s) (click to enlarge)
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  • #127,627
  • Mar 22, 2009 10:18pm Mar 22, 2009 10:18pm
Quoting jsj1970
I am still thinking south,with an entry off the bounce at or around 4600

Time as issue, my play ranges have been shortened by the weakness at the end of last week, but would still believe a complete cycle fill. In a nothing straight up and nothing straight down market, a consolidation area is expected, which is where I believe we are. Last week we seen a 200ish draw back before launch, and not that I am forecasting a same play, I will still be looking for a higher high before heading back into the basement.

I have posted my simple chart for targeted ranges, and possible drawback areas. I do believe that with a possible slide on EUR/GBP this week that the pounds will reach for the highers, not just seeing a slide on the toppy EUR plays.

**Shrugs shoulders** Dunno man, just how I am looking at the week, will see how it looks in the morn.

GREAT charts, thanks for them, second sets of eyes always welcome...Actually anybody who saves me a buck or 2 is a pretty good guy!
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #127,628
  • Mar 22, 2009 11:19pm Mar 22, 2009 11:19pm
Quoting jsj1970
I WHOLE heartedly agree!! This crap does no one any good. Lets get back to charting and philosophy. Magix, I posted these over at the wormhole cause i could'nt stand the pissing contest here!! I am still thinking south,with an entry off the bounce at or around 4600
Leaving stocks for FX? Nice. I wish I had some money from a summer job. I really liked GE around 7$!

Anyway, 4580 is daily R1 pivot. I am looking to short 4580/4600 as well. Targeting 4400 and 4380. There is too much support on the way down to really take a bigger target. Stay conservative.
  • #127,629
  • Mar 22, 2009 11:49pm Mar 22, 2009 11:49pm
i'm agreee..... go short gu... go short.... go till dawn... till 1.3885 again
  • #127,630
  • Mar 22, 2009 11:53pm Mar 22, 2009 11:53pm
Quoting jack.canadia
Leaving stocks for FX? Nice. I wish I had some money from a summer job. I really liked GE around 7$!

Anyway, 4580 is daily R1 pivot. I am looking to short 4580/4600 as well. Targeting 4400 and 4380. There is too much support on the way down to really take a bigger target. Stay conservative.
OK a little white lie because I hav'nt COMPLETLY left the stock market.If you are high on GE play it with an option or a leap that way you get leverage involved with minimal risk. I have R1 @ 4553 I think that if we get a 1hr candle to close above it we are off to 4620-4650. conversly if we get a candle to close below4473 (daily piv.), then we are down to 4358for 1st support test. Jim
  • #127,631
  • Mar 23, 2009 12:31am Mar 23, 2009 12:31am
Anybody has any idea about her?
i'm waiting for a correction , and want to enter a short till 4372

SL : 4597
TP : 4372
but I've not entered yet , i'm waiting a wink from her to enter for that.
any idea?
  • #127,632
  • Mar 23, 2009 2:12am Mar 23, 2009 2:12am
Cable really could go anywhere at the moment. It is overbought but the trend is long so I wouldn't get into any short trades until we see some movement definitely to the south.

edit: notice how every push long has been countered by a sharp south since 6am? I'm wary.
The trend is not your friend, it's your master.
  • #127,633
  • Mar 23, 2009 2:17am Mar 23, 2009 2:17am
Quoting eychenz
Anybody has any idea about her?
i'm waiting for a correction , and want to enter a short till 4372

SL : 4597
TP : 4372
but I've not entered yet , i'm waiting a wink from her to enter for that.
any idea?


entered at 4565
SL : 4597
TP : 4475 ( the less TP the sooner TP )
  • #127,634
  • Mar 23, 2009 2:19am Mar 23, 2009 2:19am
Good luck eychenz! You may be onto something.
The trend is not your friend, it's your master.
  • #127,635
  • Mar 23, 2009 2:27am Mar 23, 2009 2:27am
Quoting eychenz
entered at 4565
SL : 4597
TP : 4475 ( the less TP the sooner TP )
Hi mates

i am with you..entered @ 1.4566..

have not decided on my TP and SL
  • #127,636
  • Mar 23, 2009 2:34am Mar 23, 2009 2:34am
Target hit @ 1.4590 from 1.4485

http://gbpusd-da.blogspot.com/
  • #127,637
  • Mar 23, 2009 2:40am Mar 23, 2009 2:40am
With another financial package looming probably to be announced today for the US Banks, I will be cautious in going short.
  • #127,638
  • Mar 23, 2009 2:44am Mar 23, 2009 2:44am
Quoting Abuawad
Target hit @ 1.4590 from 1.4485

http://gbpusd-da.blogspot.com/
WELCOME BACK THE MASTER...
  • #127,639
  • Mar 23, 2009 2:51am Mar 23, 2009 2:51am
hai..i'm not good in SnR...
may i know what resistant Gu need to break to going up.. thanks
  • #127,640
  • Mar 23, 2009 2:53am Mar 23, 2009 2:53am
Quoting jack.canadia
Which FTSE do you look at? I've only watched the DJIA since I trade during NY session.

Would you suggest any other indicies to watch while trading G/U? It seems like if FTSE is up, GBP is up and vice versa? DJIA and the USD have been inversely correlated for sometime now.
Morning Jack,

I would suggest watching the ftse 100 it gives a good indication of where equities in general are heading for the day as London session opens before the US.

At present though Im not sure how well the correlation between equities and USD are working, we will should know by the end of this week, I dont think the current rallies in equities are sustainable in the short term, just my view
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