Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#162,301
Sep 1, 2009 9:02am Sep 1, 2009 9:02am

Pyramus
| Joined Apr 2008 | Status: Trader | 512 Posts

Part 2

#162,302
Sep 1, 2009 9:03am Sep 1, 2009 9:03am

Bull_Bear
Joined Mar 2009 | Status: FX | 3,789 Posts

Careful the "BULL TRAP"

Veni, Vidi, Vici (We came, we saw, we conquered)

#162,303
Sep 1, 2009 9:05am Sep 1, 2009 9:05am

$maker
| Joined Aug 2009 | Status: Wannabe Warrior | 949 Posts

now what

.. long now?

#162,304
Sep 1, 2009 9:05am Sep 1, 2009 9:05am

TauTrader
Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts

Meetings this morning - missed all the fun.... Price bounced of yesterdays low @ 1.6182. Waited for a break back over the parallel trendline of recent weekly closes now sitting @ 1.6200 - entered long.

Technically, price should be making it's way back to the 1.6280 to 1.6290 level somewhere today. First hurdle will be Friday's 1.6254 low. Then the weekly open price of 1.6268 to test or get close to the parallel trendline of recent daily closes currently @ 1.6294.

I will follow closely. Stop now moved to +5.

I did however make a mental note of the number 1.5840 and the month September. These should go together somewhere along the line in the not too distant future.

OK - sparks while I am posting...

Good trading all!

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#162,305
Sep 1, 2009 9:06am Sep 1, 2009 9:06am

Bull_Bear
Joined Mar 2009 | Status: FX | 3,789 Posts

Quoting poisonivy0

Disliked

bull bear could i just ask a ?, are you a support and resistance trader? is this your main strategy?

Thanks PI

Ignored

Ask me Tom, Gotta hit the hay

Outta of here
Later All

Veni, Vidi, Vici (We came, we saw, we conquered)

#162,306
Sep 1, 2009 9:07am Sep 1, 2009 9:07am

GlobalMacro
Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts

Guys & Gals:

I only have 2 words for you:

SHORT SQUEEZE

Hear the music before the song is over ...

#162,307
Sep 1, 2009 9:10am Sep 1, 2009 9:10am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting $maker

Disliked

In theory it makes sense to me too.... but lol i do panic with real cash!
i probably need to keep telling myself ... im holding the right trade...its more mental..

Ignored

i was the same...any1 can vouche that..i use the word "was" cause i think i have turned a corner..the biggest problem u have is: u dont trust yourself and this can only come from u getting a desired method..sticking to it and knowing it works...

then u can turn a corner..trading in the zone book help heaps as well

i wish u good fortune..azim is correct..but the cause is your confidence in method..

#162,308
Sep 1, 2009 9:10am Sep 1, 2009 9:10am

albchr
Joined Mar 2009 | Status: Trader | 25,480 Posts

Quoting Bull_Bear

Disliked

Careful the "BULL TRAP"

Ignored

I always get a kick out of how folks view the markets in different ways. 80 pips to me isn't a "trap", it's an opportunity lined with GOLD...lol

Now had I been smart, I would have closed the other half of my short at 6180ish and rode a nice fresh full position back up. Oh well, live and learn I guess.

Ghost Rider - WWTBMD?

#162,309
Sep 1, 2009 9:10am Sep 1, 2009 9:10am

poisonivy0
| Joined Jun 2009 | Status: Trader | 48 Posts

im short 6260

#162,310
Sep 1, 2009 9:12am Sep 1, 2009 9:12am

$maker
| Joined Aug 2009 | Status: Wannabe Warrior | 949 Posts

Quoting poisonivy0

Disliked

im short 6260

Ignored

me too.. your tgt?

#162,311
Sep 1, 2009 9:13am Sep 1, 2009 9:13am

Forty
| Joined Aug 2009 | Status: Trader | 39 Posts

Quoting albchr

Disliked

I always get a kick out of how folks view the markets in different ways. 80 pips to me isn't a "trap", it's an opportunity lined with GOLD...lol

Ignored

it may not be 80 pips tho, I think there can be a nice spike and downhill from there ..

Im thinking going short from 6200 maybe .. still observing the market tho

#162,312
Sep 1, 2009 9:14am Sep 1, 2009 9:14am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting fx local

Disliked

heads up, rumour of 55 for ISM going round in the markets, hence the move up in stocks and cable

Ignored

sup brother!

#162,313
Sep 1, 2009 9:14am Sep 1, 2009 9:14am

GlobalMacro
Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts

Quoting albchr

Disliked

I always get a kick out of how folks view the markets in different ways. 80 pips to me isn't a "trap", it's an opportunity lined with GOLD...lol

Ignored

You can say that aloud, brother...

Hear the music before the song is over ...

#162,314
Sep 1, 2009 9:17am Sep 1, 2009 9:17am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting GlobalMacro

Disliked

You can say that aloud, brother...

Ignored

for sure...one man reward is a next man sin

#162,315
Sep 1, 2009 9:18am Sep 1, 2009 9:18am

albchr
Joined Mar 2009 | Status: Trader | 25,480 Posts

Quoting Forty

Disliked

it may not be 80 pips tho, I think there can be a nice spike and downhill from there ..

Im thinking going short from 6200 maybe .. still observing the market tho

Ignored

HUH? It already was 83 pips man. LOL Of course you'd have be watching the 15m like I was to have caught it.

From the 6180 area I suspected it would bounce, to a "perfect" touch of the 15m 35MA (black line). 83 pips.

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Ghost Rider - WWTBMD?

#162,316
Sep 1, 2009 9:21am Sep 1, 2009 9:21am

Bull_Bear
Joined Mar 2009 | Status: FX | 3,789 Posts

Quoting albchr

Disliked

I always get a kick out of how folks view the markets in different ways. 80 pips to me isn't a "trap", it's an opportunity lined with GOLD...lol

Now had I been smart, I would have closed the other half of my short at 6180ish and rode a nice fresh full position back up. Oh well, live and learn I guess.

Ignored

I'm not reversing Long... I Roll different to you. You control your trades Chris.