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Cable Update (GBPUSD)

  • #169,221
  • Sep 24, 2009 10:35pm Sep 24, 2009 10:35pm
Quoting XTrade
Can the LDN Boyz (Thieves) sorry! even get this btch up there!?
Maybe this time 2010!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #169,222
  • Sep 24, 2009 10:36pm Sep 24, 2009 10:36pm
Facebook + Business = Front for Porn


j/k man

Que

Quoting wormboy
lol very nice bro
Now the real challenge is to maintain consistency don't forget

Trader wormie?? Nehh I'll pass, I'm quite happy with what I'm earning at the mo really. Plus my business has absolutely nothing to do with currency trading. I'm running a very fun business actually lol, ask Nav he knows.
Or you can add me up on facebook if you want, pictures are up there.
Que
  • #169,223
  • Sep 24, 2009 10:39pm Sep 24, 2009 10:39pm
Quoting albchr
If those are you're sell limits, I sure hope you're buying now? That's a pretty long way to go Alpha.
Hi Chris, I am flat now on cable and fibre, so I guess why the hell not? My longs on the 3 majors have been wiped by market (+30 pips EU, +30 pips, +40 pips AU). Don't worry, I am still a bear at heart...still have short open positions on AU and UJ from last week. my shorts on EU and GU were cleared last night.
  • #169,224
  • Sep 24, 2009 10:39pm Sep 24, 2009 10:39pm
Hard to suddenly reverse in one day off of candle
with a body of this magnitude. [O - C = 400+ pips]
It could take a few days to turn around. The last
daily with a larger candle body [500+ pips] was 1-20-09.
It took 5 days and 300+ pips of slow-down and tread
wear in the same direction before a full turn around.

Dr. D.
Attached Image
  • #169,225
  • Sep 24, 2009 10:40pm Sep 24, 2009 10:40pm
Quoting albchr
lol....
hey how's it going bro. Aren't you up a little early?
Thank You
  • #169,226
  • Sep 24, 2009 10:41pm Sep 24, 2009 10:41pm
Quoting Que
Facebook + Business = Front for Porn


j/k man

Que
lol I wish. Diversification is always good!
Thank You
  • #169,227
  • Sep 24, 2009 10:41pm Sep 24, 2009 10:41pm
Quoting wormboy
lol very nice bro
Now the real challenge is to maintain consistency don't forget

Trader wormie?? Nehh I'll pass, I'm quite happy with what I'm earning at the mo really. Plus my business has absolutely nothing to do with currency trading. I'm running a very fun business actually lol, ask Nav he knows.
Or you can add me up on facebook if you want, pictures are up there.
Sorry Azim! Hope it is what I think it Might be L O L! Not the point though. (about the biz) In the USA we are TAXED out our asse$ especially on Capital gains, such as forex. On the 200+ pips, say 4k i would give the US GVmT about a3rd or more of that. AND if I don't pay it they will RAPE my a$$ at Tax time.

Trading through an LLC or INC, once you are profitable is something to look into.

Anyway. Yes... Consistency. I have learned so much from you fellas already, If I could send you PIPS I would. That is for certain.
I am not going any wherem and I THANK YOU and guys like nAV, for welcoming me!

Ever been to the US? Would like to visit your area at some point....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,228
  • Sep 24, 2009 10:42pm Sep 24, 2009 10:42pm
Quoting wormboy
Here's the first joke ... GU @6700??
Brother 6165 is now the ceiling. Baby steps
Hi WB...I AM AN IDIOT. Typo error, my sell limit for GU is 1.6170 NOT 1.6710. Damn it that's two strikes in one week. So many complaints and made me look at my trade window...thanks for the check and balance guys!!
  • #169,229
  • Sep 24, 2009 10:45pm Sep 24, 2009 10:45pm
Quoting wormboy
hey how's it going bro. Aren't you up a little early?
No buddy, this is my normal time to get up. I've just been oversleeping lately a lot lately. I don't know, dust settling after a lot of stress I guess.

I normally get up 1:00AM to catch Asian into London and then trade right though till NY lunch. Try to be done by then so I have some day left....lol
Ghost Rider - WWTBMD?
  • #169,230
  • Sep 24, 2009 10:45pm Sep 24, 2009 10:45pm
Quoting albchr
If those are you're sell limits, I sure hope you're buying now? That's a pretty long way to go Alpha.
Chris, if I may ask, what considerations are you looking at for today? I am not touching GU now, until there is more confirmation. I have placed a small short on EJ, due to the fact that price is currently trading below the monthly opening price of 133.45 as well as the 50% month range price @ 1.3323.. possible target 1.3214 ( the low of last month)

I believe, for me, a small enough risk for the possible reward, should this trade work. Tight SL just above the 133.45 level.

Your thoughts?
  • #169,231
  • Sep 24, 2009 10:50pm Sep 24, 2009 10:50pm
Quoting XTrade
Sorry Azim! Hope it is what I think it Might be L O L! Not the point though. (about the biz) In the USA we are TAXED out our asse$ especially on Capital gains, such as forex. On the 200+ pips, say 4k i would give the US GVmT about a3rd or more of that. AND if I don't pay it they will RAPE my a$$ at Tax time.

Trading through an LLC or INC, once you are profitable is something to look into.

Anyway. Yes... Consistency. I have learned so much from you fellas already, If I could send you PIPS I would. That is for certain.
I am not going any wherem...
You're most welcome
Been to Europe, the UK and most part of asia but never america. Would love to go there someday tho
You're welcome anytime here, just holler when you wanna come over. Won't be an issue
Thank You
  • #169,232
  • Sep 24, 2009 10:52pm Sep 24, 2009 10:52pm
Quoting Alpha Hamste
Hi WB...I AM AN IDIOT. Typo error, my sell limit for GU is 1.6170 NOT 1.6710. Damn it that's two strikes in one week. So many complaints and made me look at my trade window...thanks for the check and balance guys!!
lol lucky you didn't punch in that number in your PO, else you'll probably be blaming your broker when it does not trigger once it hits 170
Good luck alpha
Thank You
  • #169,233
  • Sep 24, 2009 10:55pm Sep 24, 2009 10:55pm
Quoting albchr
No buddy, this is my normal time to get up. I've just been oversleeping lately a lot lately. I don't know, dust settling after a lot of stress I guess.

I normally get up 1:00AM to catch Asian into London and then trade right though till NY lunch. Try to be done by then so I have some day left....lol
okay ... I suppose oversleep is not bad lol just don't overtrade
gotta run. be back in a couple of hours. Have a good one bro
Thank You
  • #169,234
  • Sep 24, 2009 10:56pm Sep 24, 2009 10:56pm
Quoting TauTrader
Chris, if I may ask, what considerations are you looking at for today? I am not touching GU now, until there is more confirmation. I have placed a small short on EJ, due to the fact that price is currently trading below the monthly opening price of 133.45 as well as the 50% month range price @ 1.3323.. possible target 1.3214 ( the low of last month)

I believe, for me, a small enough risk for the possible reward, should this trade work. Tight SL just above the 133.45 level.

Your thoughts?

Hey tau, long EU back to 4770 level
Thank You
  • #169,235
  • Sep 24, 2009 10:57pm Sep 24, 2009 10:57pm
Quoting wormboy
You're most welcome
Been to Europe, the UK and most part of asia but never america. Would love to go there someday tho
You're welcome anytime here, just holler when you wanna come over. Won't be an issue
Once I am a profitable FX trader i will do just that! Perhaps we will drag nAV, TAU and Chris! + whoever else want's to go.

Also, YOU have to COME AND SEE NYC.....

I can make the first hour of LDN tonight but I am OPTING against it. I also DO NOT like TRADIng ON FRIDAY.

Call me crazy, but I wan't to keep my PIPS. If I trade LDN. ODDS are I will give some back.

Unless the Queen is NAKED again LOL.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,236
  • Sep 24, 2009 11:00pm Sep 24, 2009 11:00pm
Quoting TauTrader
Chris, if I may ask, what considerations are you looking at for today? I am not touching GU now, until there is more confirmation. I have placed a small short on EJ, due to the fact that price is currently trading below the monthly opening price of 133.45 as well as the 50% month range price @ 1.3323.. possible target 1.3214 ( the low of last month)

I believe, for me, a small enough risk for the possible reward, should this trade work. Tight SL just above the 133.45 level.

Your thoughts?
To be honest Tau, for me, we're at a real critical point here on GU. I still think we're stuck within this range on the daily and I thought we may break it this week and head for the almighty WB 5300 at the 23.6 fib.

This weeks close will be a telling factor I believe. We're at the bottom of my channel BUT, that ltl is still a valid target IMHO. How's that for a long winded....

If we snap below this range I think the path is clear. If not, it's range trading again. So for now, I'll keep playing the ups and downs on the lower TF's.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #169,237
  • Edited 11:02pm Sep 24, 2009 11:00pm | Edited 11:02pm
had sometime away from da market for visiting familytrees & neighbours ..
hmm ..
wh00a.. it goes on its path .. !!

here was my Sep, 12th posting bout cable ..

http://www.forexfactory.com/showpost...stcount=165165

current flows ..

http://www.forexfactory.com/attachme...1&d=1253858386

based on scenario ..

good day to u all ..
Attached Image (click to enlarge)
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spirit 0f pipping
  • #169,238
  • Sep 24, 2009 11:04pm Sep 24, 2009 11:04pm
Aplly classic view for the beginner. No short at the bottom ! Hold long from 1.5960. 1st target 1.6052 ! SL + 8 pips !
Attached Image (click to enlarge)
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #169,239
  • Sep 24, 2009 11:05pm Sep 24, 2009 11:05pm
Quoting wormboy
okay ... I suppose oversleep is not bad lol just don't overtrade
gotta run. be back in a couple of hours. Have a good one bro
It's cost me a few pips by missing some action but.....I feel better...

See ya later brother!
Ghost Rider - WWTBMD?
  • #169,240
  • Sep 24, 2009 11:05pm Sep 24, 2009 11:05pm
Quoting wormboy
Hey tau, long EU back to 4770 level
Good day to you, sir

Hmmm... I, on the other hand, will look to short again from 1.4700/1.4710 area. should the weekly opening price be a barrier.

Wish you success!
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