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Cable Update (GBPUSD)

  • #153,161
  • Jul 30, 2009 2:16pm Jul 30, 2009 2:16pm
We'll get there Alex.


Quoting alex1976
Cant wait till the day trading for me becomes profitable and predictable!

Right now I have the boring part down pat though! lol
Ghost Rider - WWTBMD?
  • #153,162
  • Jul 30, 2009 2:17pm Jul 30, 2009 2:17pm
Quoting ams
How do you trade futures Mal, put call ?

There are 2 kinds, for short, long, right?
I am interested but never had the chance to look into put call detail. It's seems too complex for me.
just like fx ....

buy and sell

put and calls are options ....

here is 60 min brent crude .. $1000 per $1 .... worse than traidng gj if you are wrong. equivalent to 400 pip over night and often have 200 pip days

looking at chart looks like Goldman manipulation in oil futures again.....

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  • #153,163
  • Jul 30, 2009 2:21pm Jul 30, 2009 2:21pm
Quoting albchr
We'll get there Alex.

Albchr, do you think 520 will hold and could be good place for short?
  • #153,164
  • Jul 30, 2009 2:22pm Jul 30, 2009 2:22pm
god damn it, everyone stop saying its gonna fall its gonna crash, tank, die kaput it just makes it go even higher. everyone should start buying and then reverse all at once , once pros think we are on their hook
  • #153,165
  • Jul 30, 2009 2:26pm Jul 30, 2009 2:26pm
Quoting alex1976
Albchr, do you think 520 will hold and could be good place for short?
Well, I'm short from there. If it get's to 6530/50 (by chance) and depending on PA, I plan to add more shorts in. This is what my plan is.

But really, it's your call entirely. Do what your charts are telling you to. I could be wrong.
Ghost Rider - WWTBMD?
  • #153,166
  • Jul 30, 2009 2:27pm Jul 30, 2009 2:27pm
Quoting lexazver
god damn it, everyone stop saying its gonna fall its gonna crash, tank, die kaput it just makes it go even higher. everyone should start buying and then reverse all at once , once pros think we are on their hook
Ok
then we should call urgently one but really big bear tank GRIZZLY with sniper rifle aiming and shooting at bulls at once
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  • #153,167
  • Jul 30, 2009 2:27pm Jul 30, 2009 2:27pm
Jumped on the G/J this morning, not much time for Cable today.

Interesting PA at the moment...manipulation, but manipulation so you play it the wrong way. Let me explain:

Tweezers on the 1hr earlier...how many have gone Short?
Tweezers and previous resistance...how many have gone Short?
Descending trendline....how many have gone Short?
Head and Shoulders still valid? Sure...great place to Short! etc etc...You get the picture?
Excellent opportunity to go Short Short Short!, don't you think?

This is what is going to happen: The Shorts I mentioned about in a previous post need to be taken out above the old right shoulder. Not gently, but with a hell of a move. Then, just as everyone is turning Bullish...THEN we drop. Not just a gentle drop, a drop which will make 2008 look like a slight dip in comparision.

I loaded in Shorts during fib retracement from 16360 to 16450 area just in case the turn back to 16360 would sustain momentum and break through...Nope. Shorts pulled.

Will stand aside as the movers and manipulators take the market on a false Bull run. I am quite content to watch and wait, so are the big boys helping the Rally across the board.

Everything is overbought, unrealistically priced, and everyman and his dog think they have bought "a great deal" in stocks/shares etc. You just know when everyone is shouting "BUY!BUY!BUY!" that its time to get the hell out of longs (hence my signature line...).

My trading style is to scale in and out, I prefer the daily but have had to move down to the 1 and 4hr in this tight range with lower TP's. I am always keeping the big picture in mind and watching for the large red combine harvester with large sharp blades whilst I pick a few corn heads by hand in the Forex corn field.

This is distribution on a huge scale. Look to sell rallies IMHO.

Good luck and happy trades!
  • #153,168
  • Jul 30, 2009 2:28pm Jul 30, 2009 2:28pm
Quoting lexazver
god damn it, everyone stop saying its gonna fall its gonna crash, tank, die kaput it just makes it go even higher. everyone should start buying and then reverse all at once , once pros think we are on their hook

LOL...that's a good thing! Better place for SHORTS...
Ghost Rider - WWTBMD?
  • #153,169
  • Jul 30, 2009 2:31pm Jul 30, 2009 2:31pm
Quoting direct-trade
Jumped on the G/J this morning, not much time for Cable today.

Interesting PA at the moment...manipulation, but manipulation so you play it the wrong way. Let me explain:

Tweezers on the 1hr earlier...how many have gone Short?
Tweezers and previous resistance...how many have gone Short?
Descending trendline....how many have gone Short?
Head and Shoulders still valid? Sure...great place to Short! etc etc...You get the picture?
Excellent opportunity to go Short Short Short!, don't you think?

This is what is going to happen: The Shorts I mentioned...
....Perfect!!
Ghost Rider - WWTBMD?
  • #153,170
  • Jul 30, 2009 2:35pm Jul 30, 2009 2:35pm
Quoting direct-trade
Jumped on the G/J this morning, not much time for Cable today.

Interesting PA at the moment...manipulation, but manipulation so you play it the wrong way. Let me explain:

Tweezers on the 1hr earlier...how many have gone Short?
Tweezers and previous resistance...how many have gone Short?
Descending trendline....how many have gone Short?
Head and Shoulders still valid? Sure...great place to Short! etc etc...You get the picture?
Excellent opportunity to go Short Short Short!, don't you think?

This is what is going to happen: The Shorts I mentioned...
i wont be surprised..u probably right!!
August is a b*tch! and its likely as well that a new low can be made..this country definately in a pit
  • #153,171
  • Jul 30, 2009 2:38pm Jul 30, 2009 2:38pm
Quoting direct-trade
Jumped on the G/J this morning, not much time for Cable today.

Interesting PA at the moment...manipulation, but manipulation so you play it the wrong way. Let me explain:

Tweezers on the 1hr earlier...how many have gone Short?
Tweezers and previous resistance...how many have gone Short?
Descending trendline....how many have gone Short?
Head and Shoulders still valid? Sure...great place to Short! etc etc...You get the picture?
Excellent opportunity to go Short Short Short!, don't you think?

This is what is going to happen: The Shorts I mentioned...
Yes I have pruned my share account to 60% -- and 40% cash

Sold a load more today

I am waiting for 8700 on the DOW before I put more in
  • #153,172
  • Jul 30, 2009 2:45pm Jul 30, 2009 2:45pm
Damn I didn't open sell position from top on this beast GY and now it's falling like rock as I said, now GU - your turn to fall !
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  • #153,173
  • Jul 30, 2009 2:49pm Jul 30, 2009 2:49pm
Quoting Forbes55
Damn I didn't open sell position from top on this beast GY and now it's falling like rock as I said, now GU - your turn to fall !
I think there is still going to be a good price for you to enter short in you wait on GU
  • #153,174
  • Jul 30, 2009 2:50pm Jul 30, 2009 2:50pm
Quoting Forbes55
Damn I didn't open sell position from top on this beast GY and now it's falling like rock as I said, now GU - your turn to fall !
And from the look of it, just bounced off support. I wouldn't worry too much. I don't know this pair at all but I'd like to get in a little short as well.
Ghost Rider - WWTBMD?
  • #153,175
  • Jul 30, 2009 2:55pm Jul 30, 2009 2:55pm
Quoting UncleSam123
I think there is still going to be a good price for you to enter short in you wait on GU
guess not as it's falling quick
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  • #153,176
  • Jul 30, 2009 2:57pm Jul 30, 2009 2:57pm
Quoting Forbes55
guess not as it's falling quick
U talking about gbp/jpy?
I ment GBP/USD
  • #153,177
  • Jul 30, 2009 3:01pm Jul 30, 2009 3:01pm
see ya ES 1000 ...lol .... did not even touch ..today ended on inverted hammer
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  • #153,178
  • Jul 30, 2009 3:12pm Jul 30, 2009 3:12pm
Quoting nAVIN2007
gotta love when instinct is on point
gotta love when my pivot point is on point
Hope you did bank your 10-20 pip profit.

Big guy are playing ping pong ..
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  • #153,179
  • Jul 30, 2009 3:24pm Jul 30, 2009 3:24pm
Quoting Lejumeau
gotta love when my pivot point is on point
Hope you did bank your 10-20 pip profit.

Big guy are playing ping pong ..

where you actually working from is high vol pivot 9 days back to lower value area today ... you just did not know it..easy pipping at end of day there

gj was easier ....

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  • #153,180
  • Jul 30, 2009 3:27pm Jul 30, 2009 3:27pm
Quoting malcolmb14
gj was easier ....

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was? we didin't say it's over, it's just started
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