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Cable Update (GBPUSD)

  • #177,821
  • Oct 20, 2009 12:45pm Oct 20, 2009 12:45pm
Quoting direct-trade
Continue to hold Longs from 16260, targets shown on chart.

SL at +50 (16310), 1st target already collected.

I suspect that a stop run well above 16450 area is a possibility, too many Short Stops within area shown on chart, ideal opportunity to take the shorts out, trigger long orders and then fall, therefore capturing the market.

I could be wrong, time will tell.
Hope you are all well.

Well....the stop run only went to 16489, I thought it may have gone higher. Must have hit enough stops just above 16450 to warrant a fall to 16330, however, price is stalling here...

I will keep my long locked in (SL at +50 (16310 from 16260)) and see how it plays. If +50 SL hit, never mind, I have already taken +137 out of the market at 16397.

All the best and happy trades!

See you tomorrow.

PS Got a new signature line today.
  • #177,822
  • Oct 20, 2009 12:49pm Oct 20, 2009 12:49pm
Quoting wormboy
yea .. there's more where that came from

Wormboy, so you think we going south back to 5800?
  • #177,823
  • Oct 20, 2009 12:51pm Oct 20, 2009 12:51pm
Quoting Magix
Time to bust a hole in the roof!
i hear yah
  • #177,824
  • Oct 20, 2009 12:54pm Oct 20, 2009 12:54pm
yahoo earnings coming out after the close it should be bad and i wish to see the dow all the way to 9800's wow we will see the b;;;;;;;h dancing on the 50's
  • #177,825
  • Oct 20, 2009 1:01pm Oct 20, 2009 1:01pm
Finally got the entry I wanted for Short.

Short@ 6361
SL at 22 pips

Lets see what happens.

Neo

BTW I am trading after a year or two. Take trades based on what your analysis says.
  • #177,826
  • Oct 20, 2009 1:16pm Oct 20, 2009 1:16pm
Doji on D1
  • #177,827
  • Oct 20, 2009 1:19pm Oct 20, 2009 1:19pm
Quoting Bull_Bear
sell Cable 1.6384... SL.. 1.6475... TP.. open
Quoting Bull_Bear
Short Dragon 148.00... SL..149.20...Tp.. 146.00
Lifes a bitch sometimes... Well at least she was consistent... roughly +10pips for above trades to clip my wings.

Cable 2 x 100 = -200pips

Dragon 2 x 120 = -220pips
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #177,828
  • Oct 20, 2009 1:23pm Oct 20, 2009 1:23pm
if this thing breaks above top line..shorts gonna get big surprise tomorow


Quoting Bull_Bear
Lifes a bitch sometimes... Well at least she was consistent... roughly +10pips for above trades to clip my wings.

Cable 2 x 100 = -200pips

Dragon 2 x 120 = -220pips
u will get it back brother no doubt!!
Attached Image (click to enlarge)
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  • #177,829
  • Oct 20, 2009 1:30pm Oct 20, 2009 1:30pm
Quoting nAVIN2007
if this thing breaks above top line..shorts gonna get big surprise tomorow




u will get it back brother no doubt!!
I made a fatal mistake on both trades, I place my SL under the resistance rather than above. Silly me!!!

I'm still looking for south opportunities BTW.

Catch you guys in the London Session
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #177,830
  • Oct 20, 2009 1:33pm Oct 20, 2009 1:33pm
Quoting Bull_Bear
I made a fatal mistake on both trades, I place my SL under the resistance rather than above. Silly me!!!

I'm still looking for south opportunities BTW.

Catch you guys in the London Session
Yeah bed time now. Cu tomorrow guys =)
  • #177,831
  • Oct 20, 2009 1:35pm Oct 20, 2009 1:35pm
Quoting Bull_Bear
Lifes a bitch sometimes... Well at least she was consistent... roughly +10pips for above trades to clip my wings.

Cable 2 x 100 = -200pips

Dragon 2 x 120 = -220pips
Uh, 2x120 = 220?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #177,832
  • Oct 20, 2009 1:35pm Oct 20, 2009 1:35pm
Well after five straight days of upmoves, I am glad to see she knows who the masters are ( BEARS) and she's going back down. Looks like a doji on daily, we'll see how it closes in 25 min
The Sky is the Limit!
  • #177,833
  • Oct 20, 2009 1:39pm Oct 20, 2009 1:39pm
trying to make a move north, but looks like im gonna go short.
  • #177,834
  • Oct 20, 2009 1:40pm Oct 20, 2009 1:40pm
Quoting Bull_Bear
Lifes a bitch sometimes... Well at least she was consistent... roughly +10pips for above trades to clip my wings.

Cable 2 x 100 = -200pips

Dragon 2 x 120 = -220pips

hey bb
dont worry bro now she tank
  • #177,835
  • Oct 20, 2009 1:43pm Oct 20, 2009 1:43pm
I'm waiting to enter a short for now.

Hopefully a retracement to the 6420/30 area (trendline and large 38.2 level, plus 61.8 of todays move down, and a former support/resistance level given by the white box).

From there, a test as low as 6130 perhaps? Quite a few pips to be made if plays out this way. Very low risk/High reward trade.
Attached Image (click to enlarge)
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  • #177,836
  • Oct 20, 2009 1:48pm Oct 20, 2009 1:48pm
Quoting jack.canadia
I'm waiting to enter a short for now.

Hopefully a retracement to the 6420/30 area (trendline and large 38.2 level, plus 61.8 of todays move down, and a former support/resistance level given by the white box).

From there, a test as low as 6130 perhaps? Quite a few pips to be made if plays out this way. Very low risk/High reward trade.

Jack, whats wrong with just going short now?
  • #177,837
  • Oct 20, 2009 1:56pm Oct 20, 2009 1:56pm
Let's see what will happen

Sarkozy’s counselor, said today that the U.S. is “flooding the world” with dollars and that the currency’s weakness may become “unbearable.” An exchange rate of $1.50 per euro “is a disaster for the European economy and manufacturing sector,” told a conference in Paris.

http://www.bloomberg.com/apps/news?p...d=aENjnPtz200g
  • #177,838
  • Oct 20, 2009 1:57pm Oct 20, 2009 1:57pm
Quoting alex1976
Jack, whats wrong with just going short now?

im looking at 15min for a short entry
  • #177,839
  • Oct 20, 2009 2:10pm Oct 20, 2009 2:10pm
Quoting alex1976
im looking at 15min for a short entry
Me too, but three entry orders are ready at 1.6413. SL 1.6463 (3xATR),

TP: 1: 1.6306
2: 1.6195
3: 1.6100


No Signal, No trade. No Good profit, No Trade.
No Signal, No Trade. No fundamenals, No headache.
  • #177,840
  • Oct 20, 2009 2:16pm Oct 20, 2009 2:16pm
Quoting egkid
Let's see what will happen

Sarkozy’s counselor, said today that the U.S. is “flooding the world” with dollars and that the currency’s weakness may become “unbearable.” An exchange rate of $1.50 per euro “is a disaster for the European economy and manufacturing sector,” told a conference in Paris.

http://www.bloomberg.com/apps/news?p...d=aENjnPtz200g

thats why im short eurgbp..no missing around
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