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Cable Update (GBPUSD)

  • #179,001
  • Oct 26, 2009 9:23pm Oct 26, 2009 9:23pm
another chart with simple view of trendlines... just a thought. still holding my short.
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  • #179,002
  • Oct 26, 2009 9:26pm Oct 26, 2009 9:26pm
Sideway.... too long...! It's better go to another action...! See you at London session.
  • #179,003
  • Oct 27, 2009 12:00am Oct 27, 2009 12:00am
Quoting mloistianto
another chart with simple view of trendlines... just a thought. still holding my short.
It does appear that it may drop, however it is hanging out between the 38.2 and 50 fibs on the daily. There has been alot of sideways action and the charts have not made up their mind which direction they want to go for sure. Cable is in a longerterm downtrend but doesn't mean it can't go up. Anticipation is the mother of all f'ups.
  • #179,004
  • Oct 27, 2009 12:12am Oct 27, 2009 12:12am
Quoting Ctic
It does appear that it may drop, however it is hanging out between the 38.2 and 50 fibs on the daily. There has been alot of sideways action and the charts have not made up their mind which direction they want to go for sure. Cable is in a longerterm downtrend but doesn't mean it can't go up. Anticipation is the mother of all f'ups.
A zoom to the sideways of my chart before.. 4H.. still holding my short until proven otherwise(breaking the top side..)
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  • #179,005
  • Oct 27, 2009 12:22am Oct 27, 2009 12:22am
Quoting mloistianto
A zoom to the sideways of my chart before.. 4H.. still holding my short until proven otherwise(breaking the top side..)
It appears that it is going to test the 50 fib line any moment now, we shall have a direction soon I feel.
  • #179,006
  • Oct 27, 2009 2:00am Oct 27, 2009 2:00am
The bears and bulls are fighting each hard, but the bears will win.
  • #179,007
  • Oct 27, 2009 2:04am Oct 27, 2009 2:04am
Short at 1.6377
  • #179,008
  • Oct 27, 2009 2:53am Oct 27, 2009 2:53am
@6280 i feel safe to cut this cable into pieces

@6421 is possible , but i am neutral atm. news at 7 might give a better direction for cable
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  • #179,009
  • Oct 27, 2009 2:55am Oct 27, 2009 2:55am
Quoting Che4x
Any Idea !?
I have a few.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #179,010
  • Oct 27, 2009 3:15am Oct 27, 2009 3:15am
Quoting Johor JCS
@6280 i feel safe to cut this cable into pieces

@6421 is possible , but i am neutral atm. news at 7 might give a better direction for cable
Agree with yr sentiments. I'll be booking a southbound around the 6280/90 level although at the moment its just channel hopping. Possibly long @6400?
  • #179,011
  • Oct 27, 2009 3:36am Oct 27, 2009 3:36am
Is it going up? or down? Sideways...
  • #179,012
  • Oct 27, 2009 3:37am Oct 27, 2009 3:37am
Quoting The Fool
I have a few.
Selling the spikes would be the best - this is wave 2 of the standard 5.
  • #179,013
  • Oct 27, 2009 3:51am Oct 27, 2009 3:51am
Hi guys,

Clearly traders' sentiment is bearish...that's a fact....coming news from Us are expected good....so fundies, trend and sentiment are bearish

But to-day is to day.....coming CBI from Gb is expected better than previous one and if I look at my chart below.....I see a bullish bias....so currently I'm long guys......but I might be wrong of course

Maybe some of you know about Market Profile concepts, Steidlmayer's original work so wonderfully explained and extended by Jim Dalton.....I strongly recommend to advanced traders studying these concepts (very original and mind opening...)

So, for those who know about MP, London opened above Point of Control which is a bullish signal.....

Well good luck to all
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Non licet omnibus adire Corinthum
  • #179,014
  • Oct 27, 2009 3:55am Oct 27, 2009 3:55am
Slow day... approaching yesterday's daily high
  • #179,015
  • Oct 27, 2009 4:41am Oct 27, 2009 4:41am
I'm Out @ BE.
  • #179,016
  • Oct 27, 2009 4:43am Oct 27, 2009 4:43am
Quoting Bull_Bear
Who's buying cable? I am....

1.6285... SL.. 1.6185.. TP.. 1.6400
Beer Money

2 x 115 = 230pips
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #179,017
  • Oct 27, 2009 4:48am Oct 27, 2009 4:48am
Quoting Bull_Bear
Beer Money

2 x 115 = 230pips
bravoo.. very nice.. my short was wiped out. will wait until next high.
  • #179,018
  • Oct 27, 2009 4:50am Oct 27, 2009 4:50am
Very comfortable with TP1 hit....SL move to BE...

http://www.forexfactory.com/attachme...8&d=1256627505


Sonic
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  • #179,019
  • Oct 27, 2009 5:00am Oct 27, 2009 5:00am
Good Morning,

Still Flat since 1.6580 last Thursday...
Hear the music before the song is over ...
  • #179,020
  • Oct 27, 2009 5:08am Oct 27, 2009 5:08am
Quoting Bull_Bear
Beer Money

2 x 115 = 230pips
Unfortunately I entered a little later than you than you and ran a bit of a tight stop just below a line of support...I was stopped out -25 pips...by 0.7 of a pip! Straight after that, up she shot to 390..my TP...damn you cable!LOL!

I have now set a new record for the most consective losses in my trading carreer, 6 in a row...its terrible, I am at a loss for words with my performance, on three of them I was stopped out by 1 -2 pips before the trade continued in my direction...on a positive note, atleast my calls seem to be correct, my stop is what is letting me down.

Well done on another success mate!

Hopefully I can start to realise some success myself soon, so hard to keep your head straight and not let yourself get emotional on a losing streak though...
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