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Cable Update (GBPUSD)

  • #166,561
  • Sep 17, 2009 7:20am Sep 17, 2009 7:20am
Quoting wormboy
Paul!

Thanks for the insight brother, appreciate it. Your explanation regarding the short squeeze makes sense to me, because I read the cot and saw the long opposed to short contracts are currently almost 4:1. That explains the shakeout & sharp surge up. Did I get that right paul?

p/s : going good bro, up almost 4% for the week. Baby steps to 200k & greatness
How are you doing ?
Yep, you got that right.

4% on the week is great, given you're trading with a decent sized capital base. I'm up 0.75% on the week, Azim, and ahead 1.34% for September - which I'm reasonably happy about. Hopefully, I'll finish the month with a gain greater than 2.5%. You know me, mate, I aim for steady and, most importantly, consistent gains, all without taking stupid risks.
  • #166,562
  • Sep 17, 2009 7:23am Sep 17, 2009 7:23am
Quoting wormboy

p/s : going good bro, up almost 4% for the week. Baby steps to 200k & greatness
How are you doing ?
Mind sharing with me you MM, WB?
  • #166,563
  • Sep 17, 2009 7:25am Sep 17, 2009 7:25am
Thought you might enjoy....

Inserted Video
  • #166,564
  • Sep 17, 2009 7:36am Sep 17, 2009 7:36am
the bar of the 61.8 triggered......might go somewhere now..
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  • #166,565
  • Sep 17, 2009 7:36am Sep 17, 2009 7:36am
Quoting gammase1
Yep, you got that right.

4% on the week is great, given you're trading with a decent sized capital base. I'm up 0.75% on the week, Azim, and ahead 1.34% for September - which I'm reasonably happy about. Hopefully, I'll finish the month with a gain greater than 2.5%. You know me, I aim for steady and, most importantly, consistent gains.
Thanks paul. Your 0.75% is probably my 20%? lol don't tease me bro, 2 years & I'll jump on your boat and be in primetime & trade super large

Okay back to reality lol.
I vouch for steady gains anyday of the week! That's the only way to succeed in this business of course there are some hotshots who will sell you bullshit spectacular 50% gain in a month!
Thank You
  • #166,566
  • Sep 17, 2009 7:43am Sep 17, 2009 7:43am
Me=dummy lol--thats 1 thing I hate about Oanda.The charts don't go back far enough to draw great trendlines.After using another platform i would have saw the TL better.No worries lost that 1 trade for 3 pips and re-entered a short at TL hit again on 8 hr chart on dragon.Pickin up pips as they come
  • #166,567
  • Sep 17, 2009 7:45am Sep 17, 2009 7:45am
Quoting bidalufias
Mind sharing with me you MM, WB?
There are all logged in the wormhole thread, every single trade.
Thank You
  • #166,568
  • Sep 17, 2009 7:45am Sep 17, 2009 7:45am
Good morning traders!

Looks like we got a little weakness on Cable as of thus, and the Dragon is pounding on the table. Very nicely playing!

EG took a bit of a nose dive, but figure this will play more sideways than a grand scale turn, so, will not be using this as a strength indicator until it figures out true direction.

Watching for a second tap in the 1.6490 area for a long game cable, and looking for a retrace to 150.04 ish, for a long play on Dragon.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #166,569
  • Sep 17, 2009 7:49am Sep 17, 2009 7:49am
Boooooooo, I wake up whit a lost!
Ladies get up set sometimes....

----------------------------------------------------

$ is all matter of perspective, what is your income now, and how much you want later.

I'm not trading big, but little train go far and it pay my day to day needs....

Looking aside will often disturb cause starting point ain't the same as the goal, the reason why who want that money.

Blabla, you know all that!
--------------

Drop GU DROP!!!!
  • #166,570
  • Sep 17, 2009 7:51am Sep 17, 2009 7:51am
i think cable won't hold tonight....what do you guys think?
  • #166,571
  • Sep 17, 2009 7:55am Sep 17, 2009 7:55am
Quoting wormboy
There are all logged in the wormhole thread, every single trade.
very well. will study them.

just 3 months in this business.

i just realized i know shit!!!! hahaha

there are days of absolute bliss! enter a position and its green pips from the get go!

then there are days that just dont go your way. where you have to be extremely patient, accept the losses and try again.
  • #166,572
  • Sep 17, 2009 7:55am Sep 17, 2009 7:55am
Quoting GlobalMacro
I don't even think US news will wake up this lady (cable that is , I don't trade dragon )from her slumber....in fact this gonna stay like this for the rest of the week.
The only thing the market is waiting for right now is weekend to free it from its misery.
yup...as expected....the FREAKOMATON...doing absolutely nothing...

BB bro...get the beers out....weekend is now....
Hear the music before the song is over ...
  • #166,573
  • Sep 17, 2009 7:57am Sep 17, 2009 7:57am
Quoting nAVIN2007
the bar of the 61.8 triggered......might go somewhere now..
hey bro what exactly triggered your entry
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #166,574
  • Sep 17, 2009 8:02am Sep 17, 2009 8:02am
Quoting GlobalMacro
yup...as expected....the FREAKOMATON...doing absolutely nothing...

BB bro...get the beers out....weekend is now....
Not yet buddy.... I see 1.6480 bye bye today

Can't drink tom, gotta be on my best behavior, have my womans' parents on holiday from Indonesia.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #166,575
  • Sep 17, 2009 8:03am Sep 17, 2009 8:03am
Quoting Jt1982
i think cable won't hold tonight....what do you guys think?
1.66 was forecasted target on from the turn, a breach and hold of this shows strength for the bull market, as we still have not completed out long cycle on a daily chart....

When we hit top range in the 1.72ish area....We can go back to the BEAR RALLY!

No, it's not going to get there tomorrow. But the long range forecast on the daily charts shows this as the next line in the sand.

Just a little imo, but really, WTF do any of us really know?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #166,576
  • Sep 17, 2009 8:07am Sep 17, 2009 8:07am
Quoting Bull_Bear
Not yet buddy.... I see 1.6480 bye bye today

Can't drink tom, gotta be on my best behavior, have my womans' parents on holiday from Indonesia.
Oh!...in that case...stay fresh and have fun buddy....
Hear the music before the song is over ...
  • #166,577
  • Sep 17, 2009 8:07am Sep 17, 2009 8:07am
In other charts outside of cable, USD/JPY currently favoring USD, so with the turn on Dragon, we can expect that it's long cycle will continue with a little more strength than that of cable.

EJ poised for a run to 138 on the daily, and with GJ crossing critical fib lines on the 4hr, we should be reasonably able to expect a run to 152.5.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #166,578
  • Sep 17, 2009 8:17am Sep 17, 2009 8:17am
long to 6525- finger's crossed
  • #166,579
  • Sep 17, 2009 8:19am Sep 17, 2009 8:19am
holy this baby is starting to slide further...lol
  • #166,580
  • Sep 17, 2009 8:20am Sep 17, 2009 8:20am
Quoting djambazov84
hey bro what exactly triggered your entry

BEOB at 61.8..(1 hr chart) and the 5 minute chart there was a head and shoulder, bearish diverence on 1hr as well.....trendline confluence on dailly and resistance area

when factor seem to line up for me..i look for reactions, small time frame then press.....with my view of direction being down, im just looking for a descent price....i called it casino trade because PA never support it.....
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