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Cable Update (GBPUSD)

  • #167,741
  • Sep 22, 2009 10:43am Sep 22, 2009 10:43am
Quoting sibajnok
i'm long from 6277. target is 6377 and stop is at entry.
target reached, easy 100 pips for today.
  • #167,742
  • Sep 22, 2009 10:45am Sep 22, 2009 10:45am
a nooby question please !!!!

as shown in my pic

my rules will be saticfied after 1 hr at that 4hr TF

but i can see clearly it is too near to the down channel wall

my trade would be a long entry with t.p @ 1.6450 which is a strong resistance

so what do u seee ???
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THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #167,743
  • Sep 22, 2009 10:48am Sep 22, 2009 10:48am
What fun, I invest in UK shares using a US etf from my USD bank account

Every time my USD UK etf shares go up, they are worth the same GBP coz much of the movement is forex

Guess that means I am hedged

Next play in 18 months or so will be inflation...plenty of time to re-position but no gold as it isn't an earner

Forex will be brill for the next 2 years - it wont be boring, so I think i should boost my forex broker account and start scaling up - only shorts - sometimes cable, sometimes euro - euro has a much smaller spread so when it is correlating with cable i might as well do euro - not now though....

Shame I am pacific time based, but the upside is, it forces me to think long term. Some trading and some long term hedging

another upside of being pacific time is my mother in law is 2.000 miles away....

I always know when she is coming to visit, because I can hear the mice throwing themselves on the traps (thanks to Les)
  • #167,744
  • Sep 22, 2009 10:50am Sep 22, 2009 10:50am
DAM!! I'll NEVER get the hang of these stupid PO's. Have a buy set at 134.58 on EJ cause I had to walk away for other things. Missed it by 2 pips just like always.....

I just flat out give up on them.
Ghost Rider - WWTBMD?
  • #167,745
  • Sep 22, 2009 10:52am Sep 22, 2009 10:52am
Quoting albchr
DAM!! I'll NEVER get the hang of these stupid PO's. Have a buy set at 134.58 on EJ cause I had to walk away for other things. Missed it by 2 pips just like always.....

I just flat out give up on them.
have to account for spread brother!
  • #167,746
  • Sep 22, 2009 10:53am Sep 22, 2009 10:53am
Quoting albchr
DAM!! I'll NEVER get the hang of these stupid PO's. Have a buy set at 134.58 on EJ cause I had to walk away for other things. Missed it by 2 pips just like always.....

I just flat out give up on them.
My night PO was 1.6218 yesterday, imagine how i was piss off when I woke up. 120 pips miss by 2.

Oh well, sympathy!
  • #167,747
  • Sep 22, 2009 10:54am Sep 22, 2009 10:54am
Watching paint dry here! but been long since 6310 this morning!

Hope everyone seens the bullish trend from the start of yesterday's US SESSION.
lowest draw down possible please.
  • #167,748
  • Sep 22, 2009 10:55am Sep 22, 2009 10:55am
Quoting malcolmb14
didn't the Californians also say ' hey we are loaded look at our real estate treble in a matter of years' and now they say " quick got to run to the bank and hand the keys back in"

weekly ... never say never 1.5300 is only a 50 % retrace of the up move that is looking tired.

14 wma already curving down on weekly....see you at 1.5300... form the way the last top formed we may not see this move to 1st quarter of next year

in mean time enjoy the lovely range... i may even be retired before the drop 1st quarter as in fact ranging markets...
Naah.....that's not the "real" Cali you're talking about....Esse...
in "real" CA they throw away their house keys into the ocean...just for fun....lol

and boy...did I love that nice curvy W....it gave me that lovely bargain...
Hear the music before the song is over ...
  • #167,749
  • Sep 22, 2009 10:56am Sep 22, 2009 10:56am
Quoting negro wolf
a nooby question please !!!!

as shown in my pic

my rules will be saticfied after 1 hr at that 4hr TF

but i can see clearly it is too near to the down channel wall

my trade would be a long entry with t.p @ 1.6450 which is a strong resistance

so what do u seee ???
I refer you to post # 167726, potential resistance ahead, I would wait for a pullback to potential rbs or play a thrust candle b/o of said channel/potential sbr if in your position

G/L
ex member
  • #167,750
  • Sep 22, 2009 10:58am Sep 22, 2009 10:58am
if daily candle will close above 6339 (it looks like to happen), i'll go long again for another 100 pips tomorrow. my entry will be 30pips+today's high.

see you tomorrow
  • #167,751
  • Sep 22, 2009 10:58am Sep 22, 2009 10:58am
Quoting nAVIN2007
have to account for spread brother!
Not on a buy. no?

I was looking for the bid price to reach it not the ask. My spread is 4 pips anyway.

Oh well, by the 15m it looks like it may make it anyway. OK, I really have to get now. See you all in UK.
Ghost Rider - WWTBMD?
  • #167,752
  • Sep 22, 2009 11:02am Sep 22, 2009 11:02am
Quoting albchr
Not on a buy. no?

I was looking for the bid price to reach it not the ask. My spread is 4 pips anyway.

Oh well, by the 15m it looks like it may make it anyway. OK, I really have to get now. See you all in UK.

spread for both buy and sell...but id confirm that cause im not 100%
  • #167,753
  • Sep 22, 2009 11:04am Sep 22, 2009 11:04am
I consider today's move as just a retracement as long as we are still below down channel GU may still drop.
  • #167,754
  • Sep 22, 2009 11:06am Sep 22, 2009 11:06am
Quoting wormboy
shit malcolm you didn't have to reveal the whole lowdown on the 5300, now it'll be less mystical when we get there!
Shaboing boing!
Byeeeee
no no .. we are going to 2.00 .. or was that 2.4000 i forgot ..lol
Blogging daily now at www.volume.zone
  • #167,755
  • Sep 22, 2009 11:11am Sep 22, 2009 11:11am
Quoting wormboy
hahaha okay chiko
I'm outta here bro, trade safe

lol...tranquila muchacho...

Hasta La Próxima Y Respeto....
Hear the music before the song is over ...
  • #167,756
  • Sep 22, 2009 11:47am Sep 22, 2009 11:47am
Don't have time to post a chart, but in my opinion the retrace is done. going to continue south now.

Que
Que
  • #167,757
  • Sep 22, 2009 11:51am Sep 22, 2009 11:51am
Quoting Que
Don't have time to post a chart, but in my opinion the retrace is done. going to continue south now.

Que
Hi bro, where is the target and how long? Great thanks.
  • #167,758
  • Sep 22, 2009 11:59am Sep 22, 2009 11:59am
hey guys,
I know i'm posting other pair techs but we're all traders and appart from the cable we trade all other pairs if we see a good opportunity.

I got a call from dailyfx (they issue the calls with analysis, so u can check them urself), about the eu/nzd and went long @ 2.0470. There's a channel if u see the 4h tf and we're @ the bottom + sotch and rsi well in2 oversold territory + divergence on the macd.

What do you guys think?

Should have gone short last night @ the 100 simple mov av (green line) 4 the 400 pip drop. The price has been respecting those 100 simple MA and 100 Smoothed MA recently. Man I missed that.

Anyways, have a look and do as you wish
  • #167,759
  • Sep 22, 2009 12:02pm Sep 22, 2009 12:02pm
Quoting skerdi-meta
hey guys,
I know i'm posting other pair techs but we're all traders and appart from the cable we trade all other pairs if we see a good opportunity.
sorry here's the chART
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  • #167,760
  • Sep 22, 2009 12:02pm Sep 22, 2009 12:02pm
MY FIRST CHART posting so please be mercyfull
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