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Cable Update (GBPUSD)

  • #174,201
  • Oct 8, 2009 6:26am Oct 8, 2009 6:26am
It was push my adrenalin.... Quicker then NFP, at the moment I saw my TP at 1,6100 will reached.... But... You know thennnnnnnnnnnnnnnnnnnnnnn
Still Keep Long... and I set Up my TP more....
Anyone have suggestion.... Keep Forward!!!
  • #174,202
  • Oct 8, 2009 6:27am Oct 8, 2009 6:27am
I close long and shift to short, no need waiting for untill 1.6090/100. Looks like 1.6082 is a strong resistance ---> located at fibo fan line 38.2 % (1.7041-1.5768 ).
Attached Image (click to enlarge)
Click to Enlarge Name: 081009a.gif Size: 47 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #174,203
  • Oct 8, 2009 6:27am Oct 8, 2009 6:27am
I believe 6050 is good area for selling what you think peter.
I sold pound take profit open equity stop 250 dollar from here.
  • #174,204
  • Edited 6:31am Oct 8, 2009 6:28am | Edited 6:31am
yea i believe the voting will not be unanimous and we will see that in the minutes to be published later.
i look at fundamentals very often and there are a few expectations to support me shorting cable:
1. asset purchasing program expansion
2. "rebalance" the economy by a weaker pound (that's what King said last time)
3. weak economic data in UK we have seen so far, e.g. manufacturing, industrial
4. equity market to fall after the earning reports in weeks.
so......1.5300 in THIS YEAR
Quoting nAVIN2007
we all stuffed and recovery my crack!!
downtrend...
  • #174,205
  • Oct 8, 2009 6:29am Oct 8, 2009 6:29am
Quoting javajames
Guys,

What I see is just a perfect retracement to 61,8 fibo fan on H4 (yellow arrow)...so trend is still bearish.....but I agree with those waiting for Eur and Us news before shorting again

GL to all
I saw your Indi very nice (in window-Sniper-CCI) could you share it Bro...?
Thanks
  • #174,206
  • Oct 8, 2009 6:34am Oct 8, 2009 6:34am
Quoting pso
yea i believe the voting will not be unanimous and we will see that in the minutes to be published later.
i look at fundamentals very often and there are a few expectations to support me shorting cable:
1. asset purchasing program expansion
2. "rebalance" the economy by a weaker pound (that's what King said last time)
3. weak economic data in UK we have seen so far, e.g. manufacturing, industrial
4. equity market to fall after the earning reports in weeks.
so......1.5300 in THIS YEAR
yes i live here and i think i just have to look around me....i see no reason infact things are worse...no way jose!! is the ecomony in recovery

but traders trading news..isnt the easiest thing to gauge
  • #174,207
  • Oct 8, 2009 6:34am Oct 8, 2009 6:34am
Quoting Islander
I´ll wait to hear what Trichet has to say - he's in a bit of a dilemma over rates etc....

Trichet may today signal his concern today by detailing how the ECB plans to unwind its policy of offering banks as much money they want for up to 12 months at the central bank’s benchmark rate, Callow said.
While lending to households and companies has almost ground to a halt, banks expanded their holdings[i] of government bonds...

thanks for the info bro..
  • #174,208
  • Oct 8, 2009 6:35am Oct 8, 2009 6:35am
Quoting evmeida_id
It was push my adrenalin.... Quicker then NFP, at the moment I saw my TP at 1,6100 will reached.... But... You know thennnnnnnnnnnnnnnnnnnnnnn
Still Keep Long... and I set Up my TP more....
Anyone have suggestion.... Keep Forward!!!
I'm targeting that level too, just below daily R3. Why trade against the immediate trend just yet?

I think overall we could be seeing a move back to 1.65. For what it's worth.
  • #174,209
  • Oct 8, 2009 6:37am Oct 8, 2009 6:37am
bro are you still waiting 1.6140 to short?
im tempted to pull my trigger @1.6080
Quoting Bull_Bear
Cheers...
  • #174,210
  • Oct 8, 2009 6:41am Oct 8, 2009 6:41am
Quoting pso
bro are you still waiting 1.6140 to short?
im tempted to pull my trigger @1.6080
Not shorting at this level...still holding long. I pull the trigger i will post
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #174,211
  • Oct 8, 2009 6:42am Oct 8, 2009 6:42am
Quoting evmeida_id
I saw your Indi very nice (in window-Sniper-CCI) could you share it Bro...?
Thanks
Here it is.....
Attached File(s)
File Type: ex4 FX_Sniper's_Ergodic_CCI_Trigger.ex4   5 KB | 262 downloads
Non licet omnibus adire Corinthum
  • #174,212
  • Oct 8, 2009 6:42am Oct 8, 2009 6:42am
Min Bid Rate hasnt changed since May 2009. My be another big anticapation....
Trade Like a Robot make money Like a Bank
  • #174,213
  • Oct 8, 2009 6:44am Oct 8, 2009 6:44am
Quoting nAVIN2007
yes i live here and i think i just have to look around me....i see no reason infact things are worse...no way jose!! is the ecomony in recovery

but traders trading news..isnt the easiest thing to gauge
capital markets lead bro....when banks make money then it trickles down into the economy...just like it happened the other way around couple of years ago...

We Traders Rule!!!
Hear the music before the song is over ...
  • #174,214
  • Oct 8, 2009 6:45am Oct 8, 2009 6:45am
hi peter i am short from here tell me what is your take profit mine 5750 in GU

i am looking another short tell me 6120 is good?
  • #174,215
  • Oct 8, 2009 6:47am Oct 8, 2009 6:47am
Break out the Champagne
Trade Like a Robot make money Like a Bank
  • #174,216
  • Oct 8, 2009 6:49am Oct 8, 2009 6:49am
Quoting nAVIN2007
we all stuffed and recovery my crack!!
downtrend...
Not so fast bro,caution is still required.
  • #174,217
  • Oct 8, 2009 6:49am Oct 8, 2009 6:49am
Quoting raz
Break out the Champagne
With you on that one, Raz? So much for the great expectation.
  • #174,218
  • Oct 8, 2009 6:49am Oct 8, 2009 6:49am
Quoting pakitrader
hi peter i am short from here tell me what is your take profit mine 5750 in GU

i am looking another short tell me 6120 is good?
im out of GU mate..

NEWS time.. not really good time for entry...

im looking for best setup.. realy hard to tell.. at this moment..
every 30min NEWS are on table..

if you cannot find a good setup.. then better just stay away until NYSE opens..
another clue is.. Im going to short cable IF returns back inside the Wedge.. below [1.5990]

good luck bro..
  • #174,219
  • Oct 8, 2009 6:51am Oct 8, 2009 6:51am
Quoting Alpha Hamste
With you on that one, Raz? So much for the great expectation.
I was playing the song 'Here I go again' By Whitesnake waiting for this signal. LOL Another dud signal, I went through this in July earlier, didn't change then.
Trade Like a Robot make money Like a Bank
  • #174,220
  • Oct 8, 2009 6:55am Oct 8, 2009 6:55am
Quoting raz
I was playing the song 'Here I go again' By Whitesnake waiting for this signal. LOL Another dud signal, I went through this in July earlier, didn't change then.
Nice classic song. Guess we'll wait for another half hour to see if the dust will settle. G/L bro!!
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