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Cable Update (GBPUSD)

  • #161,621
  • Aug 28, 2009 7:11am Aug 28, 2009 7:11am
[quote=direct-trade;3002052]
Quoting elixerripple

Probably a slight drop from here 16360 to encourage yet more sellers before a rise through their Stops, either that or just straight through.

A bit to high to be joining the upmove if you are just opening a position IMHO.
i am having this ride since yesterday 62xx area and targeting atleast 6440.. hope i could get their....
  • #161,622
  • Aug 28, 2009 7:12am Aug 28, 2009 7:12am
Quoting albchr
Thanks DT but, being as I've been flat all morning (since 1:30AM EST), I'm just watching the money train go by here....
Your not alone!.. ive been watching the train go down and up...
  • #161,623
  • Aug 28, 2009 7:23am Aug 28, 2009 7:23am
I have a big white board next to my trading station, and I keep some notes, rules, strategies, in clear site, (kind of necessary in my opinion)

Anyways has anyone else noticed rallies at or around 4:00Am (PST) 1am EST

I didnt include A date, just the time, but know I've written down

<b> 4:ooam EU Rally, 4:00am GU rally; ends after 25 minutes </b>

one of these long nights, early mornings I'll look at my white board and trade this, instead of watching it and recording it.

Well there is always the next setup

SO why the rally? No markets open up. Is it a London Lunch break rally or something?
  • #161,624
  • Aug 28, 2009 7:24am Aug 28, 2009 7:24am
I've been in since 1.6280, getting impatient now, allready dropped back a bit and i've got to go out. Humm leave it to see if it heads further north, 1440 or TP,

What the hell, let's leave it and see what happens, moved SL to 1.6320 as to catch some of the up if it all goes wrong in the next hour.
  • #161,625
  • Aug 28, 2009 7:43am Aug 28, 2009 7:43am
Hello all,

Allow me to introduce myself.

My name is Martin. I have been 'lurking' on this forum for some time now and feel its time to get involved.

Started dipping in and out of trading cable about a year ago. Something I realise you cant really do!

Tried a practise account, but couldn't really take it seriously - nothing to lose is there! I have blown a couple of small accounts, but finally seem to be getting somewhere now.

I have to say, most of this is down to the magnificent 7 who post regularly on this forum - you know who you are.....

As I do most of my trading at work, I have no access to charting software and rely heavily on freebies (livecharts.com) or what is posted here. I am still fine tuning a strategy and have a long way to go regarding enry/exit/SL levels. I hope I can get better with all your help!!

As an aside, I am in Nottingham, England but my roots are on the civilised side of the pennines (sorry Alserene!).

I hope we can all be friends....

Right then starter for 10.

Have gone long at 16366, thought it may bounce off this for a quickie scalp on the way back to 85!!!!! Got my resistance wrong by a pip or 2!!!

Once I have my scalp, thats me done for the week (+200ish if anyone is interested) I think. Fishing this weekend

M
  • #161,626
  • Aug 28, 2009 7:45am Aug 28, 2009 7:45am
BB still looking food for 6385?
Anyone see how golds behaving
  • #161,627
  • Aug 28, 2009 7:47am Aug 28, 2009 7:47am
any idea on gold? any news for the spike?

Quoting $maker
BB still looking food for 6385?
Anyone see how golds behaving
  • #161,628
  • Aug 28, 2009 7:52am Aug 28, 2009 7:52am
Quoting bull_bear
ouch... Sorry i asked bro
its ok bb
some time good dayz some time bad dayz
  • #161,629
  • Aug 28, 2009 7:58am Aug 28, 2009 7:58am
buy at 6337 TP 6367
  • #161,630
  • Aug 28, 2009 7:59am Aug 28, 2009 7:59am
Quoting $maker
BB still looking food for 6385?
Anyone see how golds behaving
Yes, thinking about 1.6400 as TP now. First I like to see 1.6330 hold
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,631
  • Aug 28, 2009 8:07am Aug 28, 2009 8:07am
Quoting Faryad
its ok bb
some time good dayz some time bad dayz
Thats exactly right bro... next trade, thats what I say.

I have a threshold of 150-200 pips loss for 2 lots. Try not to let my loses run
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,632
  • Aug 28, 2009 8:09am Aug 28, 2009 8:09am
Quoting MartinC
Hello all,

Allow me to introduce myself.

My name is Martin. I have been 'lurking' on this forum for some time now and feel its time to get involved.

Started dipping in and out of trading cable about a year ago. Something I realise you cant really do!

Tried a practise account, but couldn't really take it seriously - nothing to lose is there! I have blown a couple of small accounts, but finally seem to be getting somewhere now.

I have to say, most of this is down to the magnificent 7 who post regularly on this forum - you know who you are........
WElcome MAte....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,633
  • Aug 28, 2009 8:17am Aug 28, 2009 8:17am
Quoting MartinC
Hello all,

Allow me to introduce myself.

My name is Martin. I have been 'lurking' on this forum for some time now and feel its time to get involved.

Started dipping in and out of trading cable about a year ago. Something I realise you cant really do!

Tried a practise account, but couldn't really take it seriously - nothing to lose is there! I have blown a couple of small accounts, but finally seem to be getting somewhere now.

I have to say, most of this is down to the magnificent 7 who post regularly on this forum - you know who you are........
Hello and welcome Martin,

Looking forward to your analysis and input bro.

Happy trading

DT
  • #161,634
  • Aug 28, 2009 8:19am Aug 28, 2009 8:19am
BB,


Price @ 16357, 16330 looks to have provided support for now, could see that 16385 of yours soon.

What do you think?
  • #161,635
  • Aug 28, 2009 8:24am Aug 28, 2009 8:24am
Quoting direct-trade
BB,


Price @ 16357, 16330 looks to have provided support for now, could see that 16385 of yours soon.

What do you think?
Thats the idea DT...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,636
  • Aug 28, 2009 8:29am Aug 28, 2009 8:29am
348 as resistance

http://forexforums.dailyfx.com/attac...1&d=1251466012

----------

support resistance
  • #161,637
  • Aug 28, 2009 8:31am Aug 28, 2009 8:31am
Quoting errich fx
348 as resistance

http://forexforums.dailyfx.com/attac...1&d=1251466012

----------

support resistance
You must like horror, pretty freaky for us folks trading at night.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,638
  • Aug 28, 2009 8:31am Aug 28, 2009 8:31am
Quoting direct-trade
Hello and welcome Martin,

Looking forward to your analysis and input bro.

Happy trading

DT

ditto
  • #161,639
  • Aug 28, 2009 8:31am Aug 28, 2009 8:31am
Quoting Bull_Bear
Thats the idea DT...
I'll hold till 16440 and re-assess if we get there today.

Lets see what happens at 16385, I think we will slice up, but I could be wrong.
  • #161,640
  • Aug 28, 2009 8:39am Aug 28, 2009 8:39am
Quoting direct-trade
I'll hold till 16440 and re-assess if we get there today.

Lets see what happens at 16385, I think we will slice up, but I could be wrong.
I'm letting her fly at 1.6400.... SL 1.6470.... TP 1.6050
Veni, Vidi, Vici (We came, we saw, we conquered)
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