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Cable Update (GBPUSD)

  • #177,941
  • Oct 21, 2009 12:33am Oct 21, 2009 12:33am
Quoting Fudomyo

she broke the diamond!

1.631 long.
let's see if we can close above 1.648.
good job to u as well mate...
  • #177,942
  • Oct 21, 2009 12:35am Oct 21, 2009 12:35am
Price breaks above yesterday's Hi as well as 76.4% 6740-5707, approaching 61.8% of main 7044-5707 fall now.

G/L
ex member
  • #177,943
  • Oct 21, 2009 12:35am Oct 21, 2009 12:35am


10/21/2009 3:31:19 AM

CABLE
Breaks above the Asian highs at $1.6439 and


1 of 1

CABLE: Breaks above the Asian highs at $1.6439 and moves on to retest
Tuesday highs at $1.6490 moving above the test reported offers to
$1.6500. Trader suggest demand coming from an oil dividend payment.
Above $1.6500/10 to open a move toward $1.6550.
  • #177,944
  • Oct 21, 2009 12:38am Oct 21, 2009 12:38am
Quoting grashid
good job to u as well mate...
you too mate! nice one
  • #177,945
  • Oct 21, 2009 12:40am Oct 21, 2009 12:40am
Quoting mloistianto
LOL. patient.. i must have that. Mine 1.6427. Shorting now. I'm joining the short force. just below the UTL.. Good luck people. Let us short this thing down.
My Weekend's plan is screwedd.. i should refund my plane's ticket..
  • #177,946
  • Oct 21, 2009 12:40am Oct 21, 2009 12:40am
Quoting grashid
good job to u as well mate...
I think it will break at 1.6545... My fibo showed it. Right now I am go long from 1.6432. Try to hold it until 1.6545.... Wish me luck.
  • #177,947
  • Oct 21, 2009 12:44am Oct 21, 2009 12:44am
i'm short 5 lots at 1.65, no sl tp 200 pip
  • #177,948
  • Oct 21, 2009 12:49am Oct 21, 2009 12:49am


10/21/2009 3:42:51 AM

CABLE
Recovery rally extended to $1.6518 with the..



1 of 1

CABLE: Recovery rally extended to $1.6518 with traders noting the
buying linked to an oil company need to cover dividend payments. One
trader notes that the order began Tuesday the company needing to buy
between stg200-500mln at any time between the hours of 0700GMT/1300GMT.
Order finishes Monday with fix rate published Tuesday. Cable currently
trades back around $1.6495 after order exhaustion but underlying tone
remains buoyant. Cable offers now seen placed toward $1.6520 more
toward $1.6520. Technically the break above $1.6490 brings $1.6589 into
view 1.618% swing of Tuesday`s pullback from 1.6490 to $1.6329.
  • #177,949
  • Oct 21, 2009 12:50am Oct 21, 2009 12:50am
Why don't people make more of an effort to get with trend,? it is generally niaive trading to keep shorting an uptrend for a home run score, although, yeh you will get lucky when the big orders come in, and this from someone who plays the market both ways, but I am also not stupid in expecting a home run score on anti-trend reversal set-ups, mostly expecting a pullback to whatever degree..of course trends do reverse and it is how many t/f's set-ups above my trigger t/f that support the reversal I look at, and the potential strength of the potential supp/res....but generally they are pullbacks in a strong trend...

G/L
ex member
  • #177,950
  • Oct 21, 2009 12:51am Oct 21, 2009 12:51am
Quoting vangcuibap
i'm short 5 lots at 1.65, no sl tp 200 pip
I think that is a good position... depend on your money management... please calculate your free margin, at least if the worst happen. Anyway... I will go short too... After closing my current position...
The The Key is Money Management... ! GL
  • #177,951
  • Oct 21, 2009 12:52am Oct 21, 2009 12:52am
Earlier in the day the indication was a cable long day. But cable going long earlier than expected suggests that the big short may happen today.
  • #177,952
  • Oct 21, 2009 12:55am Oct 21, 2009 12:55am
http://www.forexfactory.com/showthre...68#post3152768

Next stop 1.6567

I am projecting the G/U to reach 1.6740 over time watch for retracement
and re-entry points and enjoy the ride.

Next 4 Major Resistant Areas

  1. 1.6386 -OK it hit #1 and retraced- now long again to #2 1.6567
  2. 1.6567
  3. 1.6655
  4. 1.6740

If it breaks above 1.6740 then to 1.7040, keep track of this and tell
me how it turns out.


"Its not whether your right or wrong thats important but how much money
you make when your right and how much you loose when your wrong."

-Warren Buffett

  • #177,953
  • Oct 21, 2009 12:56am Oct 21, 2009 12:56am
Quoting Bull_Bear
Sell cable 1.6410.. SL.. 1.6520... TP.. Open
Dame i step away for an 1 hour and that happens.

That SL is adjusted to 1.6560, setting it just above the 61.8... nearly messed up with my SL placement again.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #177,954
  • Oct 21, 2009 12:56am Oct 21, 2009 12:56am
Quoting vangcuibap
i'm short 5 lots at 1.65, no sl tp 200 pip
No comment on this.. LOL.. Oh. I'm commenting already. Shoot.
  • #177,955
  • Oct 21, 2009 12:58am Oct 21, 2009 12:58am
Morning all. I have got FIB convergence on my daily at 16525. the 786 FIB from A; B and 618 Fib from A2; B - Will look for a sell candle ofter it hits that level.

Attached Image (click to enlarge)
Click to Enlarge Name: FXdaily.jpg Size: 49 KB
May the forex be with you |
  • #177,956
  • Oct 21, 2009 12:59am Oct 21, 2009 12:59am
what do you mean by tf?

Quoting bbmac
Why don't people make more of an effort to get with trend,? it is generally niaive trading to keep shorting an uptrend for a home run score, although, yeh you will get lucky when the big orders come in, and this from someone who plays the market both ways, but I am also not stupid in expecting a home run score on anti-trend reversal set-ups, mostly expecting a pullback to whatever degree..of course trends do reverse and it is how many t/f's set-ups above my trigger t/f that support the reversal I look at, and the potential strength of the potential...
  • #177,957
  • Oct 21, 2009 12:59am Oct 21, 2009 12:59am
Quoting Bull_Bear
Dame i step away for an 1 hour and that happens.

That SL is adjusted to 1.6560, setting it just above the 61.8... nearly messed up with my SL placement again.
Watch out mate. My sl is 1.6550. Good Luck..
  • #177,958
  • Oct 21, 2009 1:00am Oct 21, 2009 1:00am
Quoting vangcuibap
i'm short 5 lots at 1.65, no sl tp 200 pip
cool! me too short at daily R1.5 1.6515
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #177,959
  • Oct 21, 2009 1:02am Oct 21, 2009 1:02am
Quoting just_ha
what do you mean by tf?
apologies, t/f = time frames
ex member
  • #177,960
  • Oct 21, 2009 1:02am Oct 21, 2009 1:02am
its time to me to go for smoking after have some fun here...

Lock 6480 for 140pipsX4=560pips...just extra 60pips for my monthly target...


Will start my setting after next NFP but will still drop by to have some fun with you guys..

Done for this month

http://www.forexfactory.com/showpost...stcount=177905

2 remain 6520 for first target
another 2 remain 6720 target...

Good luck short n good luck long....take care
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