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Cable Update (GBPUSD)

  • #165,941
  • Sep 16, 2009 2:45am Sep 16, 2009 2:45am
Quoting albchr
Same on the EJ brother........

SL adjusted to 132.94 now.
Nice bro, keep locking in, keep cashing in
Thank You
  • #165,942
  • Sep 16, 2009 2:46am Sep 16, 2009 2:46am
Quoting albchr
Yeah that 4700 looks mighty tempting.

@ GM....I see what you meant now GM. Bigger picture yes, she's been climbning hard.
yup...there you go...the previous 2.5 sessions been very good for e/u....lol
Hear the music before the song is over ...
  • #165,943
  • Sep 16, 2009 2:46am Sep 16, 2009 2:46am
Quoting nAVIN2007
i just thank myself lucky....i went bullish on the weekly pin, if i stuck to the weekly plan i would have held a drawdown for 2 weeks and the then got it!

fine balance is needed.....need to be right side of trade then stick it to it like fly on sh*t

morning folks
I knight thee sir navin twothousandseven. Dragon slayer


Good afternoon bro
Thank You
  • #165,944
  • Sep 16, 2009 2:46am Sep 16, 2009 2:46am
Quoting Fly2
I'm going long at 450

G/L with that...seems an arbitrary place to me but then I can only see what is on my charts not yours...like your short before again seemed an arbitrary place to short. I prefer to sit on my hands until I see a rfepeating set-up on my trigger (supported by set-ups on higher) @ an area I have pre-identified as potentially holding bids/offers.

Currently 1hr is ranging with an overall bearish biais
ex member
  • #165,945
  • Sep 16, 2009 2:47am Sep 16, 2009 2:47am
Quoting GlobalMacro
lol....'ssup in the hood bro...lol
I'm flat w/ cable now but cashed in on my long e/u position O/N for some 100 odd pips....
Nice Job.I was trading that Eu and just got tired of little or no movement on that pair.Staring at the screen and nothing decent/so I quit it for the most part
  • #165,946
  • Sep 16, 2009 2:48am Sep 16, 2009 2:48am
damn i think my cable target need to removed further down....gbp is tanking
Attached Image (click to enlarge)
Click to Enlarge Name: trade2.gif Size: 32 KB
  • #165,947
  • Sep 16, 2009 2:49am Sep 16, 2009 2:49am
Quoting bbmac
G/L with that...seems an arbitrary place to me but then I can only see what is on my charts not yours...like your short before again seemed an arbitrary place to short. I prefer to sit on my hands until I see a rfepeating set-up on my trigger (supported by set-ups on higher) @ an area I have pre-identified as potentially holding bids/offers.

Currently 1hr is ranging with an overall bearish biais
you are right with the bear bias on 1 hour/I'll agree with that!But tis my trading style hehe
just longed a small one
  • #165,948
  • Sep 16, 2009 2:49am Sep 16, 2009 2:49am
Quoting GlobalMacro
lol....'ssup in the hood bro...lol
I'm flat w/ cable now but cashed in on my long e/u position O/N for some 100 odd pips....
going good bro me likey, up almost 4% for the week plus float, sun shiny days
Good call on the long yesterday bro, took it off right on the dot. excellent trading
Thank You
  • #165,949
  • Sep 16, 2009 2:49am Sep 16, 2009 2:49am
Good MAE everyone. Looks like dangerous zone for any entry in both ways. Anybody has any idea where is it good to get into this train?
-- There's no winner without lose --
  • #165,950
  • Sep 16, 2009 2:49am Sep 16, 2009 2:49am
something crazy is going to happen at the new's signal that is coming up, either way there can be a major whipsaw. Just care where you place your stops
Trade Like a Robot make money Like a Bank
  • #165,951
  • Sep 16, 2009 2:51am Sep 16, 2009 2:51am
Quoting wormboy
going good bro me likey, up almost 4% for the week plus float, sun shiny days
Good call on the long yesterday bro, took it off right on the dot. excellent trading
  • #165,952
  • Sep 16, 2009 2:53am Sep 16, 2009 2:53am
Quoting nAVIN2007
damn i think my cable target need to removed further down....gbp is tanking
It's the dollar weakness bro. That's keeping cable afloat. That double bottom didn't play out yesterday, I blame that on chris for not having enough faith in his own currency
But I have no doubt a slight increment in strength with the dollar will send cable tumbling. I mean look at dragon not taking any prisoners lol
I love dragon
Thank You
  • #165,953
  • Sep 16, 2009 2:54am Sep 16, 2009 2:54am
I feel cable is going south to the 1.6400 area. Anyone else see that possibility?
Trade Like a Robot make money Like a Bank
  • #165,954
  • Edited 3:00am Sep 16, 2009 2:54am | Edited 3:00am
longed at 58 also see what I get hopefully/I can get out any given moment
  • #165,955
  • Sep 16, 2009 2:55am Sep 16, 2009 2:55am
Quoting direct-trade
Good Afternoon!

Current open positions:

Cable: TP 3 (16422) touched from 16683 for +241. Awaiting TP 4 @ 16338.

GBP/JPY: TP 3 (14957) touched from 15220 for +263. Awaiting TP 4 @14821.

Charts and targets shown are from this earlier post:
http://www.forexfactory.com/showpost.php?p=3055431&postcount=165294...
Good morning!

Cable and the beast so good so far...wonder if we will hit TP 4 this morning or if we will just bounce around here for a while from this 16440 resistance...hopefully the news will help us break through with the larger orders being fed in...
  • #165,956
  • Sep 16, 2009 2:55am Sep 16, 2009 2:55am
Quoting GlobalMacro
yup...there you go...the previous 2.5 sessions been very good for e/u....lol
Just took a short on the Temptress GM at 4705. Tight SL of 15
Ghost Rider - WWTBMD?
  • #165,957
  • Sep 16, 2009 2:56am Sep 16, 2009 2:56am
Quoting wormboy
But I have no doubt a slight increment in strength with the dollar will send cable tumbling. I mean look at dragon not taking any prisoners lol
I love dragon

I agree
  • #165,958
  • Sep 16, 2009 2:56am Sep 16, 2009 2:56am
Quoting raz
I feel cable is going south to the 1.6400 area. Anyone else see that possibility?

Certainly weak Uk employment data due for release at 0830am gmt may turn that possibility into a good probability? Anything can happen!

G/L
ex member
  • #165,959
  • Sep 16, 2009 2:57am Sep 16, 2009 2:57am
Quoting wormboy
I blame that on chris for not having enough faith in his own currency

Sorry brother. But I live here, ya know....
Ghost Rider - WWTBMD?
  • #165,960
  • Sep 16, 2009 2:58am Sep 16, 2009 2:58am
Quoting bbmac
Price has entered a previous 1hr swing hi=prev res=potential res zone, the area above here being a previous 1hr co-existant on 4hr swing lo=prev supp=potential sbr zone and at the top of that zone the 38.2% of 6740-6400 and 50% of yesterday's 6656-6400 fall.

Uk data at 0830am gmt

G/L

http://i30.tinypic.com/28b9mh4.gif

Nice to see some clean charts http://www.forexfactory.com/images/icons/icon14.gif - I have similar ones on my hourly and 15 min where I also add the sweet spots.

Here's what I've recently traded off my 5 min chart as posted elsewhere - my last sell off the 6500 level was closed as price stalled ~the 6460 level - the low during Frankies Hour.

I'm now flat, waiting for the UK employment data in half an hour....
Attached Image (click to enlarge)
Click to Enlarge Name: sep 16 cable 5m 0740 gmt.gif Size: 21 KB
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