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Cable Update (GBPUSD)

  • #172,821
  • Oct 4, 2009 8:11pm Oct 4, 2009 8:11pm
G/U is it holding @1.6000-10
I just close the long
  • #172,822
  • Oct 4, 2009 8:11pm Oct 4, 2009 8:11pm
At this rate 6100 may be possible... Then we will see if it serves as resistance again...

edit:: seems every minor cable and fibre dip is being bought up.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #172,823
  • Oct 4, 2009 8:21pm Oct 4, 2009 8:21pm
GU I think we may see a down side move to 1.5966-72
I have short term short now (just a 3 lots) stop @16010
  • #172,824
  • Oct 4, 2009 8:26pm Oct 4, 2009 8:26pm
Quoting albchr
OK...lol When I see a chart with those orders on it, it will mean a lot more to me. Pretty easy for me to "say" I'm long 10 standard from 3500 too.

But best of luck to you... You seem to never loose...

Anyway, gonna grab some sleep before LDN. Good trading everyone!
Have a looksie at my previous posts with long entries, GU/GJ, time stamp. Figure it out, not hindsight plays amingo.

AND, BTW, on the never lose thing, read back into Thursday night posts, see where I was long and took a hit.

Seriously man, read back a couple weeks ago, where I posted a 4000ish pip loss. I told my entries, and posted my losses, and I sound out a loud Friggen CHA CHING, when I am right.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #172,825
  • Oct 4, 2009 8:29pm Oct 4, 2009 8:29pm
Quoting albchr
Very nice! And your "long" entry? Forgive me but I don't see it on that chart...
No worries Albchr your not alone I'm also short and will hold this short as long as I can.
  • #172,826
  • Oct 4, 2009 8:34pm Oct 4, 2009 8:34pm
Quoting Pyramus
No worries Albchr your not alone I'm also short and will hold this short as long as I can.

We may be 100% wrong. Maybe 100% right. The market will let us know either way. This is a stronger up move than I expected "this fast" but I have my stops set, my risk figured and what will be will be.

Best of luck to ALL of us...
Ghost Rider - WWTBMD?
  • #172,827
  • Oct 4, 2009 8:35pm Oct 4, 2009 8:35pm
Quoting Magix
Have a looksie at my previous posts with long entries, GU/GJ, time stamp. Figure it out, not hindsight plays amingo.

AND, BTW, on the never lose thing, read back into Thursday night posts, see where I was long and took a hit.

Seriously man, read back a couple weeks ago, where I posted a 4000ish pip loss. I told my entries, and posted my losses, and I sound out a loud Friggen CHA CHING, when I am right.
Hi Magix, don't worry abt it. We all read our own charts, and obviously Chris and I were trading on a larger time frame, while you on a shorter time frame.
Btw, on my last posting to you...my last sentence was not meant to make fun of your post/ chart analysis, it was a self reference to my short position on GU. G/L to you.
  • #172,828
  • Oct 4, 2009 8:37pm Oct 4, 2009 8:37pm
Not sure if anyone has posted this news already but here goes anyway.

Banks 'show first recovery signs'
  • #172,829
  • Oct 4, 2009 8:44pm Oct 4, 2009 8:44pm
Quoting Pyramus
No worries Albchr your not alone I'm also short and will hold this short as long as I can.

So I am!
The Sky is the Limit!
  • #172,830
  • Oct 4, 2009 8:48pm Oct 4, 2009 8:48pm
Pyramus, I am with you, short from 1.5870ish. I don't want to be long, the over all trend is lower. Let's see what happens during the Londen session.
say something political...what I would eat if I wasn't going to die.
  • #172,831
  • Oct 4, 2009 8:50pm Oct 4, 2009 8:50pm
Quoting Alpha Hamste
Hi Magix, don't worry abt it. We all read our own charts, and obviously Chris and I were trading on a larger time frame, while you on a shorter time frame.
Btw, on my last posting to you...my last sentence was not meant to make fun of your post/ chart analysis, it was a self reference to my short position on GU. G/L to you.
I kinda figured that Alpha, I was there on Thursday, hoping that support held in my favor...Sadly, it did not.

I wasn't offended by what Chris said, as I have stated before, I simply cannot be offended, I just wanted to put things back in perspective. I know when ya take a hit and others prosper, it can be difficult, had a lot of them days over the last few weeks too.

My honest position on trading is any hold long enough will be profitable, I just prefer sooner than later, and of course, like in the 4000 pip loss OVERNIGHT hit I took on a headfake softhedge in favor of GBP, I will cut losses, shake it off, hit the charts, and grind the plays for what I can.

We aren't here to compete with each other, we are here to learn. If I can take anything away or pass it along, kinda makes hanging out here an even better thang.

Don't wanna see anybody get hurt, ME ESPECIALLY. So, if I playing a play against ya, I just wanna see me win, not you lose.

Hope this clears things up, and again, I never took your words with any angst or hostility.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #172,832
  • Oct 4, 2009 8:50pm Oct 4, 2009 8:50pm
posted already at Auslanco place http://www.forexfactory.com/showpost...stcount=201540

but:

Could be a reversal.. [I dont know..]

but looking at the chart.. SO FAR .. this PA looks to me as a consolidation.. Wedge formation in down trend..

I would start thinking on Higher levels, only after we clear 50 ema and UTL


[Chart]
Attached Image(s) (click to enlarge)
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  • #172,833
  • Oct 4, 2009 8:52pm Oct 4, 2009 8:52pm
As of current, I am looking at a long side position as we and if we cross down below 1.5940, if the chart still in favor.

Watching the MA24 on the Hrly, waiting for compliance on the 4HR.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #172,834
  • Oct 4, 2009 8:55pm Oct 4, 2009 8:55pm
Quoting M1g
Not sure if anyone has posted this news already but here goes anyway.

Banks 'show first recovery signs'
I think the market will reacte for that survay (rise in the risk may be) I should read it carefully (I am not very good in english) thanks for the link
  • #172,835
  • Oct 4, 2009 8:59pm Oct 4, 2009 8:59pm
Glad to see you are using the Osma indicator.
  • #172,836
  • Oct 4, 2009 9:01pm Oct 4, 2009 9:01pm
Quoting Magix
We aren't here to compete with each other, we are here to learn. If I can take anything away or pass it along, kinda makes hanging out here an even better thang.

Don't wanna see anybody get hurt, ME ESPECIALLY. So, if I playing a play against ya, I just wanna see me win, not you lose.

Hope this clears things up, and again, I never took your words with any angst or hostility.
Agree with you 100%. We are all here for the same reason
  • #172,837
  • Oct 4, 2009 9:03pm Oct 4, 2009 9:03pm
Quoting Bullbear0072
Glad to see you are using the Osma indicator.
Been using it since I started trading live account, back in February sometime.

Love to see when it and MACD working together, and I don't really care about the direction.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #172,838
  • Oct 4, 2009 9:05pm Oct 4, 2009 9:05pm
Took a single long @ 1.5991, would like to see a few extras before I awf ta bed, s/l 1.5966.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #172,839
  • Oct 4, 2009 9:09pm Oct 4, 2009 9:09pm
Hi guys... !!!
This morning I toke my position on BUY, and just reached pips 60pips, already liquid it. I got this pips based on these idea D1 with Japanese Candlestick (Bullish Hammer), although on W1 the trend go south.
I will take another long position after 1.6035 break, or short position after 1.5960.
See you all, trade well.
Just remember, stay on course and be patient !, the amazing thing will happen.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: jpn cand w1.gif Size: 21 KB
  • #172,840
  • Oct 4, 2009 9:09pm Oct 4, 2009 9:09pm
Quoting Magix
Been using it since I started trading live account, back in February sometime.

Love to see when it and MACD working together, and I don't really care about the direction.
I use it in all timeframes but for the 4hr. ( and only the 4Hr.) I change the setting to 7/13/9 - gives EXCELLENT trend verification especially for crazy PA days - best tool in my tool box.
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