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Cable Update (GBPUSD)

  • #177,861
  • Oct 20, 2009 4:27pm Oct 20, 2009 4:27pm
Quoting neptun84
No one likes my chart ;-(((((
Oooohhhhhhh....We love you and your chart....now smile )))


cya guys @ LDN
Hear the music before the song is over ...
  • #177,862
  • Oct 20, 2009 4:28pm Oct 20, 2009 4:28pm
Quoting XTrade
Glad to see you are still long as I am.

With added longs during the drop earlier today on fibre and cable
Hear the music before the song is over ...
  • #177,863
  • Oct 20, 2009 4:29pm Oct 20, 2009 4:29pm
Quoting isguru
You're hilarious - you truly are!

Hear the music before the song is over ...
  • #177,864
  • Oct 20, 2009 5:16pm Oct 20, 2009 5:16pm
Quoting nAVIN2007
dont tell me u blew yur account?

i invented a new candlestick......"chop stick"
Great, I can use them...I can pick up a single grain of rice with chopsticks, lets hope I can pick up every single pip with this new candlestick
  • #177,865
  • Edited 9:05pm Oct 20, 2009 5:16pm | Edited 9:05pm
Quoting alex1976
Wormboy, so you think we going south back to 5800?
5300

ok bbl, trade safe
Thank You
  • #177,866
  • Oct 20, 2009 5:22pm Oct 20, 2009 5:22pm
Hmm... closing all my short calls from before. +10 and +30 pips. adding long in 1.6384.. above 50 percent fibo, will add more if this candle is going down. Only add 0.2 lot. Last night, it was an act of retracement. what i see today is, this candle will keep moving up after it stopped just right above the 50 percent fibs. Will watch the UTL very closely,,

Just following the trend.
  • #177,867
  • Oct 20, 2009 7:49pm Oct 20, 2009 7:49pm
Good day to you all,

Herewith a chart with levels that I will be watching. Numbered and referenced:

1) The 50% line of this week is now sitting @ 1.6363
2) This is the Friday close price (last week) @ 1.6352 - price just bounced off this - so S/R level
3) Here we have the high of last week sitting @ 1.6398 - support earlier this week that may now become a resistance level to watch.

NOTE - for me, we are in a " neutral" area between 1.6352 and 1.6398

4) Further resistance to the upside is sitting @ 1.6419/1.6422 area - confluence of the Monday high as well as Monday close.
5) Below price we have support @ 1.6327. This was yesterdays low and price bounced off this. Not sure how strong this level is.
6) Of more importance to me is the weekly opening price @ 1.6283 ( also in confluence with the upper level of the weekly channel, by low @ 1.6280.

I will thus look at PA around todays open @ 1.6381, 1.6398 to the top and 1.6352 at the bottom to see where we want to go.

Wish you all success
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  • #177,868
  • Oct 20, 2009 7:59pm Oct 20, 2009 7:59pm
Quoting wormboy
5300

ok bbl, trade safe
I agree, this is a strong retrace and this cycle is not complete untill the 5300 area. You'll see some minor retracement along the way (mini cycles if you will), but it has to complete. It always does. For all of you pip hunters out there thrying to fill up the pip trophy case, this will be a good one, for those of you looking for meat and potato trades for 100% takes with large lots (like me) than hit this one tonight for a quick 60. Good trading my friends.
  • #177,869
  • Oct 20, 2009 8:01pm Oct 20, 2009 8:01pm
Good day to you,

The best probability trade for me would be an entry short @ 1.6380-1.6390, with a SL @ 1.6426 and TP @ 1.6335.

This is not a recommendation. Just a view.

Regards
  • #177,870
  • Oct 20, 2009 8:03pm Oct 20, 2009 8:03pm
Quoting wormboy
5300

ok bbl, trade safe
i follow u bro
  • #177,871
  • Oct 20, 2009 8:21pm Oct 20, 2009 8:21pm
i'm going to go long when green line crosses the red line
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  • #177,872
  • Oct 20, 2009 8:36pm Oct 20, 2009 8:36pm
Quoting navhin
i'm going to go long when green line crosses the red line
I use the 4 and 24 x for plays, looks close to same as you, which ones you using Nav?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #177,873
  • Oct 20, 2009 8:43pm Oct 20, 2009 8:43pm
Quoting Magix
I use the 4 and 24 x for plays, looks close to same as you, which ones you using Nav?
i use EMA 4,60,200
  • #177,874
  • Oct 20, 2009 8:44pm Oct 20, 2009 8:44pm
bought cable at 1.6378
  • #177,875
  • Oct 20, 2009 8:45pm Oct 20, 2009 8:45pm
Not Sure exactly what your MAs are but I am spending hours / days developing a 2 systems for taking trades based on MAs only.

One for shorter term "power trades"
the other for
Long term "super trades"

Wish me luck!

FX is hard work, but I am fully addicted. It is WORTH every PIP! A junkie you might say....

I may be wrong... but I personally am looking back to the resistance area lets call it 6450.

Before strong retrace to 5400. This is still depending greatly on the USD. With gold pegged @ 1050 per troy oz bid, and dow blowing thru 10k this "may" be possible. Just my assertions as of yet.


Quoting navhin
i'm going to go long when green line crosses the red line
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #177,876
  • Oct 20, 2009 8:45pm Oct 20, 2009 8:45pm
Quoting navhin
i use EMA 4,60,200
So, the Dragon Should be looking good to ya right bout now then?

Gotta few on that and running a half a doz one cable right now.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #177,877
  • Oct 20, 2009 8:49pm Oct 20, 2009 8:49pm
Quoting XTrade
Not Sure exactly what your MAs are but I am spending hours / days developing a 2 systems for taking trades based on MAs only.

One for shorter term "power trades"
the other for
Long term "super trades"

Wish me luck!

FX is hard work, but I am fully addicted. It is WORTH every PIP! A junkie you might say....
fx trading looks simple but it's actually difficult...i use few systems when i going to enter a trade...juz to play safe...
  • #177,878
  • Oct 20, 2009 9:03pm Oct 20, 2009 9:03pm
Threw a dixie on that last little pop for a quick +100!

w00t!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #177,879
  • Oct 20, 2009 9:11pm Oct 20, 2009 9:11pm
does anyone of u think that the cable might reach 1.65??
  • #177,880
  • Oct 20, 2009 9:12pm Oct 20, 2009 9:12pm
Quoting navhin
does anyone of u think that the cable might reach 1.65??
::Raises Hand::

I think it has a pretty good shot!

Of course, even saying that, I have closed 13 out of 16 lots....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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