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Cable Update (GBPUSD)

  • #175,721
  • Oct 13, 2009 11:27am Oct 13, 2009 11:27am
Quoting malcolmb14
is the move in gj and gu a surprise ? no not really .... it has been forming since friday with low volume tests thru yesterday and london
So what is the conclusion?
  • #175,722
  • Oct 13, 2009 11:30am Oct 13, 2009 11:30am
Had a good day on g/u today....closed 235 pips...get out while u are ahead right?
  • #175,723
  • Oct 13, 2009 11:31am Oct 13, 2009 11:31am
Quoting wormboy
we don't rattle easily

....
Ghost Rider - WWTBMD?
  • #175,724
  • Oct 13, 2009 11:31am Oct 13, 2009 11:31am
Quoting forexIQ
Had a good day on g/u today....closed 235 pips...get out while u are ahead right?
WOW! 235?
Thank You
  • #175,725
  • Oct 13, 2009 11:32am Oct 13, 2009 11:32am
Quoting wormboy
WOW! 235?
  • #175,726
  • Oct 13, 2009 11:33am Oct 13, 2009 11:33am
Quoting Piters
Thank You
  • #175,727
  • Oct 13, 2009 11:33am Oct 13, 2009 11:33am
Quoting wormboy
next corner bro..
  • #175,728
  • Oct 13, 2009 11:34am Oct 13, 2009 11:34am
Quoting Piters
next corner bro..
roger that
Thank You
  • #175,729
  • Oct 13, 2009 11:36am Oct 13, 2009 11:36am
Quoting wormboy
WOW! 235?
Yup this was my trade breakdown....
Short 5795 2 positions
close 1st +50
second i put stop on b/e and limit at 100 but got stopped out..
then i went long at 5780 2 positions
close 1st at +50
second put stop at b/e and limit at 5895 so +115
Last trade was a scalp from 5920 ( this was more of a gamble imo) i close like +20
  • #175,730
  • Oct 13, 2009 11:36am Oct 13, 2009 11:36am
Quoting alter
So what is the conclusion?

I am thinking that the retrace back to 1.5950 on gu is a 50% retarce of the down move , and that when we place fib exoansions on this move we could see 1.5623 to downside

HOwever is 1.5960 is taken out then all bets are off for shorts.

I am really only trading on an intraday basis as this market is being so odd last few weeks , and the intraday ranges can be great to get some movement on

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  • #175,731
  • Oct 13, 2009 11:37am Oct 13, 2009 11:37am
Quoting TauTrader
Good day to you,



But this is my way....

Just added a new book to my range ... read and weep

Regards
  • #175,732
  • Oct 13, 2009 11:38am Oct 13, 2009 11:38am
i am bummed out that i didnt close that +80 pip short when it hit daily support but i thought it would break 5700 the way the 4h candles were going ;( (my day would have been 305)
  • #175,733
  • Oct 13, 2009 11:38am Oct 13, 2009 11:38am
Quoting Piters
235 on 2 positions is like your 4000 pip on 20 lots right piter ...lol
Blogging daily now at www.volume.zone
  • #175,734
  • Oct 13, 2009 11:40am Oct 13, 2009 11:40am
For all the traders,

When you come to Cape Town, you will be entertained in my personal corner.... BBQ room set out for pleasure.

Chris, you can park your Harley outside and join me for a couple, while we listen to old 80's music...

Hehe - good times
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  • #175,735
  • Oct 13, 2009 11:40am Oct 13, 2009 11:40am
Quoting malcolmb14
I am thinking that the retrace back to 1.5950 on gu is a 50% retarce of the down move , and that when we place fib exoansions on this move we could see 1.5623 to downside

HOwever is 1.5960 is taken out then all bets are off for shorts.

I am really only trading on an intraday basis as this market is being so odd last few weeks , and the intraday ranges can be great to get some movement on

Attachment
Malc.. do you know what is the Beauty ???

I don't know is it a silence USD intervention, or some corporate ONE OFF purchasing.. BUT.. the whole beauty is:

I HAVEN'T SEEN A SELLOFF IN NY SESSION FOR A LOOOOOOONG TIME...
(especially after the lunch break)

Im going to celebrate this day...
  • #175,736
  • Oct 13, 2009 11:40am Oct 13, 2009 11:40am
Quoting forexIQ
Yup this was my trade breakdown....
Short 5795 2 positions
close 1st +50
second i put stop on b/e and limit at 100 but got stopped out..
then i went long at 5780 2 positions
close 1st at +50
second put stop at b/e and limit at 5895 so +115
Last trade was a scalp from 5920 ( this was more of a gamble imo) i close like +20
wow. you gotta teach me sometime.
Thank You
  • #175,737
  • Oct 13, 2009 11:42am Oct 13, 2009 11:42am
Quoting malcolmb14
235 on 2 positions is like your 4000 pip on 20 lots right piter ...lol
I was trying to catch longer trades ....but was getting hammered on these choppy days so i decided to enter 2 different positions ( a little overleverage then usual) and close 1 postion at +50 and hold the second to 100 if it gives...
  • #175,738
  • Oct 13, 2009 11:43am Oct 13, 2009 11:43am
Quoting Piters
Malc.. do you know what is the Beauty ???

I don't know is it a silence USD intervention, or some corporate ONE OFF purchasing.. BUT.. the whole beauty is:

I HAVEN'T SEEN A SELLOFF IN NY SESSION FOR A LOOOOOOONG TIME...
(especially after the lunch break)

Im going to celebrate this day...
bro SHSHHHHHHHHHH. Don't tell them we're intervening. Let them go long

False alarm everyone, piters had one too many coke snort eaarlier. Go long again go long !
Thank You
  • #175,739
  • Oct 13, 2009 11:43am Oct 13, 2009 11:43am
Quoting nAVIN2007
Ermm..

You are obviously also invited to join.... You can provide the technical info to BBq the meat to perfection...

Hehe

Regards
  • #175,740
  • Oct 13, 2009 11:45am Oct 13, 2009 11:45am
Quoting Piters
Malc.. do you know what is the Beauty ???

I don't know is it a silence USD intervention, or some corporate ONE OFF purchasing.. BUT.. the whole beauty is:

I HAVEN'T SEEN A SELLOFF IN NY SESSION FOR A LOOOOOOONG TIME...
(especially after the lunch break)

Im going to celebrate this day...
ES is completely insane ... very dip bought like mad .....

never mind economic outlook bad , j&j revnue down 5% .. no big deal lets buy anyway ..lol

wait till tomorrow will be even better when GS reports
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