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Cable Update (GBPUSD)

  • #157,041
  • Aug 12, 2009 1:30am Aug 12, 2009 1:30am
Quoting GlobalMacro
Morning Crew,

I'm currently flat, now looking for my favorite business of accumulating longs on the approach of 1.6450
hey bro, still at it I see
Thank You
  • #157,042
  • Aug 12, 2009 1:31am Aug 12, 2009 1:31am
Quoting wormboy
Agreed
Breakout is the word. Still gunning down for 6350
Nope... 1.64XX is a strong support area... It should bounce up from here...
  • #157,043
  • Aug 12, 2009 1:32am Aug 12, 2009 1:32am
Quoting giribabu
Nope... 1.64XX is a strong support area... It should bounce up from here...
Or it could brake out on the downside in case of an unfavorable inlation report
  • #157,044
  • Aug 12, 2009 1:33am Aug 12, 2009 1:33am
Quoting wormboy
hey bro, still at it I see
LOL...wassup bro...yea...somehow can't help but love this panthery level...LOL
Hear the music before the song is over ...
  • #157,045
  • Aug 12, 2009 1:35am Aug 12, 2009 1:35am
Quoting giribabu
Nope... 1.64XX is a strong support area... It should bounce up from here...
lol yea if you say so chief.
Thank You
  • #157,046
  • Aug 12, 2009 1:38am Aug 12, 2009 1:38am
Quoting GlobalMacro
LOL...wassup bro...yea...somehow can't help but love this panthery level...LOL
going good gm, living life dangerously you are brother
Thank You
  • #157,047
  • Aug 12, 2009 1:44am Aug 12, 2009 1:44am
Quoting wormboy
going good gm, living life dangerously you are brother
...boring it would be if otherwise bro, now wouldn't it...but doing it smartly...:nerd:
Hear the music before the song is over ...
  • #157,048
  • Aug 12, 2009 1:51am Aug 12, 2009 1:51am
I am very happy that bottom broke. Now to wait for the retrace from 16400 back to 16430 to sell again.

edit: 16404 close enough lol! (my tp)
  • #157,049
  • Aug 12, 2009 1:53am Aug 12, 2009 1:53am
im out for a minute it may bounce of the 00 and London open often heralds a reverse
  • #157,050
  • Aug 12, 2009 1:55am Aug 12, 2009 1:55am
ACtually daily trendline is very close...euro hitting off intraday one...

Cable especially, euro too.
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  • #157,051
  • Aug 12, 2009 1:57am Aug 12, 2009 1:57am
Quoting GlobalMacro
Morning Crew,

I'm currently flat, now looking for my favorite business of accumulating longs on the approach of 1.6450
Buying some more on 1.6412...
Attached Image
Hear the music before the song is over ...
  • #157,052
  • Aug 12, 2009 2:08am Aug 12, 2009 2:08am
Short bias as long as this dailyt rendline isn't hit plus euro stays below 14128.

Got in at 32 for another shot at the TL.
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  • #157,053
  • Aug 12, 2009 2:16am Aug 12, 2009 2:16am
It hasnt been able to get through that in a long time.
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  • #157,054
  • Aug 12, 2009 2:17am Aug 12, 2009 2:17am
Quoting KillPhil08
Short bias as long as this dailyt rendline isn't hit plus euro stays below 14128.

Got in at 32 for another shot at the TL.
TP hit.

http://www.forumammo.com/cpg/albums/...omHeadShot.gif

Long bias, long cable long dax long, shorting again at 16432 if it hits. also liking all the other pairs as shown above long.

edit: -4 dax, try again at a lower price.

9:30 will be interesting.
  • #157,055
  • Aug 12, 2009 2:21am Aug 12, 2009 2:21am
I think i rememvber 16385 being an important number...

cable -5. Try again in a moe, then i'm done for the day. brilll 2 hours of work for the day.
  • #157,056
  • Aug 12, 2009 2:23am Aug 12, 2009 2:23am
Quoting GlobalMacro
Buying some more on 1.6412...
GM would you still recommend to go long bro as it seems to be dropping although it is showing oversold.
You've got to be IN IT to WIN IT!
  • #157,057
  • Aug 12, 2009 2:26am Aug 12, 2009 2:26am
Morning,

When you chaps and chappetts go for a break out, what are your entry signals?

I normally wait for a break (5Min) a close and then a following candle to break the close of the break candle, not always going to be right away, wondering what your methods are if using breakout?

Seems to have worked nicely this morning!
  • #157,058
  • Aug 12, 2009 2:27am Aug 12, 2009 2:27am
Quoting Ifty
GM would you still recommend to go long bro as it seems to be dropping although it is showing oversold.
Ifty, I personally am long biased right now...I'm trading macro-style and wouldn't necessarily recommend my style of trading unless of course you can handle the drawdowns before reaping the rewards....
Hear the music before the song is over ...
  • #157,059
  • Aug 12, 2009 2:27am Aug 12, 2009 2:27am
Quoting Ifty
GM would you still recommend to go long bro as it seems to be dropping although it is showing oversold.
STOP HUNT ONLY
  • #157,060
  • Aug 12, 2009 2:27am Aug 12, 2009 2:27am
Quoting KillPhil08
I think i rememvber 16385 being an important number...

cable -5. Try again in a moe, then i'm done for the day. brilll 2 hours of work for the day.
Fantastic day.

Cable: +70, +25, +35, -5, +20 and 50% running.
Euro: +20, +25, -5
Dax: -5, +12

Going to call it quits before the news.

Good trading everyone, i shall leave you in peace.
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