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Cable Update (GBPUSD)

  • #131,761
  • May 11, 2009 9:12am May 11, 2009 9:12am
Quoting jack.canadia
I'd hope so! I was short overnight from 5237 and was stopped overnight for +15 on a spike ... Damn institutions causing spikes to take out stop to get their orders filled.

I see a nice opportunity to short if we dont get back above 5150.
5148 is a daily pivot level from friday data
  • #131,762
  • May 11, 2009 9:12am May 11, 2009 9:12am
Quoting dozzz71
fellas pls what profit are you guys targeting ???anyone
If i take this trade Ill be targeting 1.5000 .. so actually 1.5010 to ensure I get a fill if we get there
  • #131,763
  • May 11, 2009 9:13am May 11, 2009 9:13am
Quoting smartalicus
5148 is a daily pivot level from friday data
Ya and i also forgot to mention and the hourly 21-ema is in there.

This is one of those times lol I like these setups because if you are wrong for a small loss, oh well.
  • #131,764
  • May 11, 2009 9:16am May 11, 2009 9:16am
Quoting smartalicus
5148 is a daily pivot level from friday data
so your on short now?? You never specify you order yet
  • #131,765
  • May 11, 2009 9:21am May 11, 2009 9:21am
Quoting dozzz71
so your on short now?? You never specify you order yet
I dont like to make an actual trade call, rather show you the setup and let you decide. Its a very valid plan though, basically shorting a re-test of resistance.

I am just watching how the price is reacting and then going to decide.

If I do short I can tell you that my stop will between 5160-70 and thats it.
  • #131,766
  • May 11, 2009 9:29am May 11, 2009 9:29am
May i suggest you guys to plot daily Suppport resistance and pivot, then yesterday fibs high low.

All this will become obvious!

-----------

Short from 47....
Half took at 28...
Attached Image (click to enlarge)
Click to Enlarge Name: daily rs.jpg Size: 128 KB
  • #131,767
  • May 11, 2009 9:33am May 11, 2009 9:33am
Quoting Inzider
May i suggest you guys to plot daily Suppport resistance and pivot, then yesterday fibs high low.

All this will become obvious!

-----------

Short from 47....
Half took at 28...
Not many people will understand whats going on .. I sometimes dont haha ..
  • #131,768
  • May 11, 2009 9:39am May 11, 2009 9:39am
Quoting jack.canadia
Not many people will understand whats going on .. I sometimes dont haha ..


Too much info kill the info.
Never easy to choose your data....

Well part of the game!

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

Expected ranging until wednesday... in betweeen 1.5050 and 1.52... then shot up if fondamental follow... my view.
  • #131,769
  • May 11, 2009 9:40am May 11, 2009 9:40am
i do short from 5145
short or long just trust your system
- Always pray on your trading - God know the best for everyone
  • #131,770
  • May 11, 2009 9:46am May 11, 2009 9:46am
Quoting kingindian
i do short from 5145
short or long just trust your system
Muhahah!
I love this one!

Totally agree whit that!
Wish u luck!
  • #131,771
  • May 11, 2009 9:53am May 11, 2009 9:53am
The price of this pair appears to be floating in the over-bought territory on the RSI of both the hourly and daily charts, indicating that we could see a downward correction in the nearest future. The bearish cross on the 4-hour chart's Slow Stochastic supports this notion. Going short might be a good strategy today.



From: http://www.fxstreet.com/technical/ma...009-05-11.html
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  • #131,772
  • May 11, 2009 10:05am May 11, 2009 10:05am
Quoting Inzider
Muhahah!
I love this one!

Totally agree whit that!
Wish u luck!
Im in from 5145 as well
  • #131,773
  • May 11, 2009 10:07am May 11, 2009 10:07am
Quoting jgnorton
The price of this pair appears to be floating in the over-bought territory on the RSI of both the hourly and daily charts, indicating that we could see a downward correction in the nearest future. The bearish cross on the 4-hour chart's Slow Stochastic supports this notion. Going short might be a good strategy today.



From: http://www.fxstreet.com/technical/ma...009-05-11.html
not wishing to be argumentative, doesnt this contradict your post of earlier?
  • #131,774
  • May 11, 2009 10:11am May 11, 2009 10:11am
Quoting Inzider
Muhahah!
I love this one!

Totally agree whit that!
Wish u luck!
Here you go inzider .. these indi's show breaks where new days begin, so you can study how well any pair respected the pivots if you back test.
Attached File(s)
File Type: mq4 Pivots_Daily.mq4   17 KB | 246 downloads
File Type: mq4 Pivots_Daily_Medians.mq4   16 KB | 263 downloads
File Type: mq4 Pivots_Monthly2.mq4   7 KB | 251 downloads
File Type: mq4 Pivots_Weekly.mq4   7 KB | 246 downloads
  • #131,775
  • May 11, 2009 10:11am May 11, 2009 10:11am
Quoting dimlat
not wishing to be argumentative, doesnt this contradict your post of earlier?
Not a problem...both from fxstreet. They are looking at different TF (Long-term view & Short Term View). You can decide what the news/analysis means to you. I am just posting for people that may be interested.
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  • #131,776
  • May 11, 2009 10:15am May 11, 2009 10:15am
Quoting jgnorton
Not a problem...both from fxstreet. They are looking at different TF (Long-term view & Short Term View). You can decide what the news/analysis means to you. I am just posting for people that may be interested.
understood, many thanks
  • #131,777
  • May 11, 2009 10:15am May 11, 2009 10:15am
my 15145 already hit TP
now im sell from 15134...try to targetting 15100
- Always pray on your trading - God know the best for everyone
  • #131,778
  • May 11, 2009 10:17am May 11, 2009 10:17am
Quoting jack.canadia
Here you go inzider .. these indi's show breaks where new days begin, so you can study how well any pair respected the pivots if you back test.

Really appreciated!

Here is my daily one whit S/R and pivot, have a look, i'm satisfied whit this one but i will look at your weekly/monthly for sure!!
Try the yesterday H/L fibs on 15 TF, you ll se how accurate it is also!

thx again!

Quoting kingindian
my 15145 already hit TP
now im sell from 15134...try to targetting 15100
Stop copy cat my trade, JOKE!!!!
Attached File(s)
File Type: mq4 #Pivot-point-vTEXT-v2.mq4   17 KB | 253 downloads
  • #131,779
  • May 11, 2009 10:20am May 11, 2009 10:20am
Quoting kingindian
my 15145 already hit TP
now im sell from 15134...try to targetting 15100
King that's not really a good way to trade. Closing down one short and opening another will cause you more grief. What if price shoots up really high? Ya sure you got one position in profit, but then youll lose on another. And if you had a stop in on the first one, then there was no risk!

You open a position at a good place, which we all decided was in the 5140's and then you see how it reacts. We had about 20 pips in our favor, enough to put a stop at BE! Then theres no risk! Look I was just taken out for 0 pips! Getting BE is a winner. Now I can re-assess taking another or wait for a higher price, or not at all!

Please be careful.
  • #131,780
  • May 11, 2009 10:35am May 11, 2009 10:35am
What do you think this chart is telling you? I am seeing long all over it.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 40 KB
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