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Cable Update (GBPUSD)

  • #176,641
  • Oct 15, 2009 6:18am Oct 15, 2009 6:18am
Quoting wormboy
sorry about the loss bb.
couple of beers ought to do the trick
Quoting Ifty
Sorry to hear that bro. I am sure you will make it all back. If anyone can YOU can.
All good boys, I'm still ahead this week (only marginally) but 3 loses in a row.... time for a break
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,642
  • Oct 15, 2009 6:18am Oct 15, 2009 6:18am
I'm noticing the majority of the pairs have very strong moves against the trend from last night into today. Could someone please explain this. Things such as the usd.jpy going higher, when I see all kinds of news about a weak usd. Same with eur. usd dropping, which I'm assuming is just a retracement at the moment. I can understand the short-squeeze on the gbp.usd, but is the same to be said for the usd.jpy?
Don't let the same dog bite you twice. -- Chuck Berry
  • #176,643
  • Oct 15, 2009 6:18am Oct 15, 2009 6:18am
According to my indicator this move is just the beginning. Trade buy gbp/usd tomorrow for profit

Just a humble opinion from beginner..

Quoting albchr
Good MAE Everyone...

OK, After a very long night of extremely close examination and study, I've concluded that I pressed the wrong buttons in trading.....





......and the rights ones everywhere else..... .....


NEXT!!!
  • #176,644
  • Oct 15, 2009 6:20am Oct 15, 2009 6:20am
Quoting kaliber8
I wonder how big the spike down is going to be! I made some good money on this move. Wont risk loosing any of it on the way down. But will be watching.
I wonder whether there will be
Addicted to FX
  • #176,645
  • Oct 15, 2009 6:20am Oct 15, 2009 6:20am
I was discussing the possible daily reversal set-up over on another board on tuesday [ http://www.trade2win.com/boards/fore...thread-18.html ] basically saying that if the tuesday candle closed as a bullish hammer or pinbar it was a classic reversal set-up, and that is what has played out so far:
http://i37.tinypic.com/2uti8t5.gif

Whether it is a trend change in the daily t/f trend remains to be seen, all we know is that there has now beemn a h above the last LH of it's downtrend...as for weekly well potentially bullish candle forming but as yeh price is still at a LH position following a HH @ 7044, HL,LH and L @ 5707 so still a potentially developing downtrend there so long as price stays @ a LH on that t/f.

As for a short-squeeze, i have no idea and care even less, preferring to guauge the tech trend re peak/valley analysis, whatever the fundamental cause of it.

G/L
ex member
  • #176,646
  • Oct 15, 2009 6:21am Oct 15, 2009 6:21am
Quoting Powerm@n

Where is the top
1.6298...for now
  • #176,647
  • Oct 15, 2009 6:23am Oct 15, 2009 6:23am
Quoting bbmac
I was discussing the possible daily reversal set-up over on another board on tuesday [ http://www.trade2win.com/boards/fore...thread-18.html ] basically saying that if the tuesday candle closed as a bullish hammer or pinbar it was a classic reversal set-up, and that is what has played out so far:
http://i37.tinypic.com/2uti8t5.gif

Whether it is a trend change in the daily t/f trend remains to be seen, all we know is that there has now beemn a h above the last LH of it's downtrend...as for weekly...
Of course, a short squeeze is definitely taking place.... Whether this will be enough to coax further buyers into the market, nobody knows for sure.

However, I agree that we should let the charts guide us as to when it may be wise to enter short, rather than hitting and hoping.

Just my opinion.
  • #176,648
  • Oct 15, 2009 6:23am Oct 15, 2009 6:23am
Quoting GlobalMacro


Hey Sport,

I was starting to wonder where you were...

I've just the right tranquilizer for you....NATURAL one...

Check this out!

Be Easy.........Aha,Aha!

http://www.youtube.com/watch?v=Qg4_xHLaxPE
The time for bears now starting bulls loosing steam so be careful for your long. You still IN ?
  • #176,649
  • Oct 15, 2009 6:24am Oct 15, 2009 6:24am
Ha looks like everybody was waiting for Goldman!
  • #176,650
  • Oct 15, 2009 6:25am Oct 15, 2009 6:25am
Quoting Bull_Bear
All good boys, I'm still ahead this week (only marginally) but 3 loses in a row.... time for a break
I know you have the rule for trading... but retreat at this time...
Anyway... GL
  • #176,651
  • Oct 15, 2009 6:25am Oct 15, 2009 6:25am
Quoting Fx1618
Long @ 1.6006
Quoting Fx1618
SL moved to 1.6009
Quoting Fx1618
SL Moved >>> 1.6031
Quoting Fx1618
SL Moved >>> 1.6054
SL Moved >>> 1.6107
  • #176,652
  • Oct 15, 2009 6:29am Oct 15, 2009 6:29am
Quoting evmeida_id
I know you have the rule for trading... but retreat at this time...
Anyway... GL
It's not retreat mate... its called trading rules and regathering my thoughts. Market will always be there tom, there's no hurry.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,653
  • Oct 15, 2009 6:30am Oct 15, 2009 6:30am
Quoting wormboy
watch the dollar break 75.55 topside & you're in for a treat
yeh ... stay tuned.


loving eu right now .. drop it like it's hot
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.JPG Size: 58 KB
Thank You
  • #176,654
  • Oct 15, 2009 6:30am Oct 15, 2009 6:30am
Quoting gammase1
Who really knows, Navin? Sorry to sound vague, mate.

Fundamentally, I remain bearish on sterling, but that doesn't mean we won't go higher in either the short or long term. A classic short squeeze does often mean a resumption in the broader trend following the break higher/market shake out, but that offers no guarantees whatsoever in this instance. Let's see if price retraces in a meaningful way as today progresses, which will offer us clues as to whether shorts may be worth a try, although that doesn't look likely right now. But let the price...
thanks mate u know the irony i placed this trade, knowing that once i set the target and SL either one or the other had to touch, no emotion and i incurred the biggest loss
i wanted at times to liquidate the position in profit but i kept saying to myself " market is playing games with me"..

oh well: lesson learned..dont get huge up on a target like 1.53 profit is profit.

have a good one m8
  • #176,655
  • Oct 15, 2009 6:31am Oct 15, 2009 6:31am
Currently....in a short at 6231....

Was going to short at 6291....per my strat...but got cold feet....wish I wouldve done it now...

wish in one hand, crap in the other....well...you know how it goes.
  • #176,656
  • Oct 15, 2009 6:33am Oct 15, 2009 6:33am
Quoting BearPaw
Currently....in a short at 6231....

Was going to short at 6291....per my strat...but got cold feet....wish I wouldve done it now...

wish in one hand, crap in the other....well...you know how it goes.
Yep, especially with "bearpaws" eeuuuu YUCK
Ghost Rider - WWTBMD?
  • #176,657
  • Oct 15, 2009 6:38am Oct 15, 2009 6:38am
Here is what you lot did wrong ( Skip the BS I'm trying to help )

On the chart attached, the Orange line is the 1 day average, if you plot a 96sma on a 15Min chart and look back you'll see this SMA had kept the downtrend going numerous times.

So, when it moved over then had buying support near it, 13th 13:30 area on the chart, there was a high probability that the trend would turn up, which it did.

2nd mistake you made was when against the trend, you tried to predict how far it'll go, this is IMPOSSIBLE, it could move 10pips or 500pips know 1 knows.

So what do you not do ?? You DO NOT EVER EVER hold against the trend, easy really, basic rule #1.
Attached Image (click to enlarge)
Click to Enlarge Name: 15min chart with my longer smas on.gif Size: 18 KB
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #176,658
  • Oct 15, 2009 6:39am Oct 15, 2009 6:39am
Quoting albchr
Yep, especially with "bearpaws" eeuuuu YUCK
lmao
  • #176,659
  • Oct 15, 2009 6:39am Oct 15, 2009 6:39am
Taxi anyone? Sorry I'm late, got stuck in a lift/elevator at the Goldman Sachs office...
Attached Image
  • #176,660
  • Oct 15, 2009 6:39am Oct 15, 2009 6:39am
closed gbp/usd long now, hmm still hold gbp/jpy .
edit: nice pic xD
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