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Cable Update (GBPUSD)

  • #177,581
  • Edited 12:56am Oct 20, 2009 12:55am | Edited 12:56am
Long From Last night-
Cable @ 6289
Fibre @ 4855

If we break these resistances, then both will go higher..
If not, The LDN Boyz will be selling at first bet.

However NY open "may" counteract LDN sellers with a battle till' LDN close.

The 2 pairs are dying to break res.

Fibre has already broken strong resistance @ 4960 area.

If cable follows lead. 6400 is toast. If not, I am out.

I am thinking retrace to 6250 Area first.

I am learning how to not close day old trades with 100 + pips on them.
Also learning to take unnecessary trades. Let the winners ride. Cut the losers short.

Entry.


Quoting Benjie
Flag break out soon ?!? Hope it settles the direction..
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #177,582
  • Oct 20, 2009 1:02am Oct 20, 2009 1:02am
Long Dragon also (this may be a short term trade) depending on PA. May physically close.

entry 147.90

SL. 47.80

TP 48.70

Hope all are well!

Won't make LDN... Be around for a short while.

Wish you all GREAT trading.
X-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #177,583
  • Oct 20, 2009 1:11am Oct 20, 2009 1:11am
Well.. we passed 1.64, maybe we're heading for 1.65.
  • #177,584
  • Oct 20, 2009 1:14am Oct 20, 2009 1:14am
add short @ 1.6425.. Keep watching my trendlines. Yes Trend Lines. This may be a short lived trade.. Will close it if the trend clearly breached.

Reason: we got 5 consecutive daily bullish candles, near trendline, taking a retrace probability.

After all its only a probability. i'm not predicting anything. Just taking my chances.
Attached Image (click to enlarge)
Click to Enlarge Name: trend.jpg Size: 246 KB
  • #177,585
  • Oct 20, 2009 1:17am Oct 20, 2009 1:17am
I think will hit @6530 61.8% for 4H from 7040
  • #177,586
  • Oct 20, 2009 1:21am Oct 20, 2009 1:21am
i'm short 5lots at 1.6440, tp 150 pip, no sl
  • #177,587
  • Oct 20, 2009 1:21am Oct 20, 2009 1:21am
heading back to 1.63
  • #177,588
  • Oct 20, 2009 1:25am Oct 20, 2009 1:25am
Long at 1.6418.....short term trade. Just not too sure how short
  • #177,589
  • Oct 20, 2009 1:32am Oct 20, 2009 1:32am


Quoting vangcuibap
i'm short 5lots at 1.6440, tp 150 pip, no sl
Que
  • #177,590
  • Edited 1:51am Oct 20, 2009 1:40am | Edited 1:51am
Quoting XTrade
.....

I am learning how to not close day old trades with 100 + pips on them.
Also learning to take unnecessary trades. Let the winners ride. Cut the losers short.

Entry.

That has been my trading strategy (specialty) for the past 5 years...
and the very reason I remain in my "specialty".

Dr. D.
  • #177,591
  • Oct 20, 2009 1:41am Oct 20, 2009 1:41am
Adding shorts at .....
  • #177,592
  • Oct 20, 2009 1:42am Oct 20, 2009 1:42am
close my shorts... for a nice quick 20 pips
  • #177,593
  • Oct 20, 2009 1:42am Oct 20, 2009 1:42am
Quoting vangcuibap
i'm short 5lots at 1.6440, tp 150 pip, no sl
This post is too intimidating. Please anyone dont follow others trade blindly.. I'm only short 0.5 lot and he short 5 lots?? he must have some sort of magic..
  • #177,594
  • Oct 20, 2009 1:42am Oct 20, 2009 1:42am
GbpUsd
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 22 KB
  • #177,595
  • Oct 20, 2009 1:49am Oct 20, 2009 1:49am
Sources report that an Asian central bank stepped into the market selling cable around the 1.6430 level. Cable has slipped back to 1.6415 at writing.
  • #177,596
  • Oct 20, 2009 1:52am Oct 20, 2009 1:52am
Quoting vangcuibap
i'm short 5lots at 1.6440, tp 150 pip, no sl


Good day to U'all... Look like we have some aliens with us here. Remember the "Trend is your Friend" and the trend is still very much upward.


My Bias today is to Hold SHORT @ 1.6545
and BUY below 1.6290... So caution my friends.

No bases for risky entry...
  • #177,597
  • Oct 20, 2009 1:56am Oct 20, 2009 1:56am
Sh!t!

I meant learning to not always take unnecessary trades. Or just enter.

It gets hard when you play the Higher TFs and try to ignore the lowest.

The max PIP trades I have had - All posted in this thread. I had to force myself to NEVER look at M1 -- Using m5 only for entry.

However, some of them have been the best!

FX will do that to you I guess.

After reviewing my trades I had to cut back on certain entries. Namely pairs I don't trade!!!!


Were you playing with me? LOL

Anyway, Dragon closed 4820.
At least it was a winner eh?

Cable and fibre open.
Not closing. --
REASON,
Weekly and pins on daily.

Depends on USD but looking to the top on fibre

Quoting fourxtrader
That has been my trading strategy (specialty) for the past 5 years...
and the very reason I remain in my "specialty".

Dr. D.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #177,598
  • Oct 20, 2009 1:57am Oct 20, 2009 1:57am
Quoting Reznik
Good day to U'all... Look like we have some aliens with us here. Remember the "Trend is your Friend" and the trend is still very much upward.


My Bias today is to Hold SHORT @ 1.6545
and BUY below 1.6290... So caution my friends.

No bases for risky entry...
Thanks very much, my account was up 50,000 from 230,000 in five months, so I am very confident and excited about this market
  • #177,599
  • Oct 20, 2009 2:07am Oct 20, 2009 2:07am
Night all!

G/L

See you @ NY
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #177,600
  • Oct 20, 2009 2:15am Oct 20, 2009 2:15am
Quoting vangcuibap
Thanks very much, my account was up 50,000 from 230,000 in five months, so I am very confident and excited about this market


Good Trade... Try to give us your bias and signal regularly. it will be much appreciated, Bro.. Kudos!!
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