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Cable Update (GBPUSD)

  • #180,561
  • Nov 3, 2009 11:06am Nov 3, 2009 11:06am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I wanted to know the reason why you are going long as I am long from 63500 with scalping all the way to 62700.

I have vouched for you. Congrats on your first one, and many more to come.

We need good traders around as it's a blind leading the blind world.

I wanted to ensure I am doing the right thing and not wasting my vouch.

Good luck with your trades and hope to see more of your analysis!


ams





Quoting TrendExpress
u took my advise bro ? see 1.6420 touched as i said
  • #180,562
  • Nov 3, 2009 11:08am Nov 3, 2009 11:08am
Quoting TauTrader
Good day to you,

Yes - it has been the discussion for a very long time...


Regards

hey tao, dunno why but somehow your name brings this to my mind

Inserted Video
  • #180,563
  • Nov 3, 2009 11:09am Nov 3, 2009 11:09am
Quoting TauTrader

You can get in and out with a 5 pip profit, 10 times a day - less exposure, less risk. I actually favour this. But I am also attempting longer term trades to see what I can get...

Regards
Agree, even I just read from the side, my custom made EA is doing all the trade for me, for today it has been almost 17 pos close wil 10 pip each.

Most important is your MM, never let go of that, one mistake and you are out of the game.
Trade what you see. Write what you feel
  • #180,564
  • Nov 3, 2009 11:10am Nov 3, 2009 11:10am
All be carefull tomorrow "High Risk"
http://www.forexfactory.com/calendar...=2009-11-4&c=2
  • #180,565
  • Nov 3, 2009 11:12am Nov 3, 2009 11:12am
Quoting ams
I wanted to know the reason why you are going long as I am long from 63500 with scalping all the way to 62700.

I have vouched for you. Congrats on your first one, and many more to come.

We need good traders around as it's a blind leading the blind world.

I wanted to ensure I am doing the right thing and not wasting my vouch.

Good luck with your trades and hope to see more of your analysis!


ams
that was good. congratulations
  • #180,566
  • Nov 3, 2009 11:17am Nov 3, 2009 11:17am
Quoting ams
I wanted to know the reason why you are going long as I am long from 63500 with scalping all the way to 62700.

I have vouched for you. Congrats on your first one, and many more to come.

We need good traders around as it's a blind leading the blind world.

I wanted to ensure I am doing the right thing and not wasting my vouch.

Good luck with your trades and hope to see more of your analysis!


ams
thank you , i don't know what vouch means but may be it is good , my analysis are mostly made by simple logic compared with some lines, figures and so on. i don't trust to the indicators and never use em, anyway now i am waiting at Eur usd some upgoin to retrace the daily run and fill perhaps most of the 4h shadow of the nowgoin bar. Thats my thoughts , they mostly help me in most of the time.
  • #180,567
  • Nov 3, 2009 11:39am Nov 3, 2009 11:39am
Great call mate.. I just missed it so had to sit and watch it rise without me... Oh well.............

[

quote=TrendExpress;3204883]thank you , i don't know what vouch means but may be it is good , my analysis are mostly made by simple logic compared with some lines, figures and so on. i don't trust to the indicators and never use em, anyway now i am waiting at Eur usd some upgoin to retrace the daily run and fill perhaps most of the 4h shadow of the nowgoin bar. Thats my thoughts , they mostly help me in most of the time.[/quote]
  • #180,568
  • Nov 3, 2009 11:54am Nov 3, 2009 11:54am
Seems to me that the stock market simply isnt doing this 5 to 10% drop that they all keep talking about

Every time it gets near 9700, everyone including me throws a ton of cash at it

If this is so, then the market will go back to 10k and we know that the dollar has an inverse relationship with that

So my bias is long - especially euro

cable ? looking at the hourly chart it looks like drunk sitting on a 2 legged chair.... worth a short before too long ....it would be some weird looking chart if it went up strongly from here...needs to fall back first
  • #180,569
  • Nov 3, 2009 11:59am Nov 3, 2009 11:59am
Quoting allserene
it would be some weird looking chart if it went up strongly from here...needs to fall back first
Good day to you,

Prep yourself for a weird looking chart...

Regards
  • #180,570
  • Nov 3, 2009 12:07pm Nov 3, 2009 12:07pm
Quoting allserene

Every time it gets near 9700, everyone including me throws a ton of cash at it
What happens when everyone is running out of cash?
  • #180,571
  • Nov 3, 2009 12:08pm Nov 3, 2009 12:08pm
Quoting TauTrader
Good day to you,

Prep yourself for a weird looking chart...

Regards

i am in the place now for 2 weeks....this is not a fight but a war
  • #180,572
  • Edited 12:39pm Nov 3, 2009 12:15pm | Edited 12:39pm
Quoting TrendExpress
thank you , i don't know what vouch means but may be it is good , my analysis are mostly made by simple logic compared with some lines, figures and so on. i don't trust to the indicators and never use em, anyway now i am waiting at Eur usd some upgoin to retrace the daily run and fill perhaps most of the 4h shadow of the nowgoin bar. Thats my thoughts , they mostly help me in most of the time.

While watching the EU... I'd be watching the GJ vs GU.

Dr. D.
Attached Images
  • #180,573
  • Nov 3, 2009 12:16pm Nov 3, 2009 12:16pm
Quoting nAVIN2007
i am in the place now for 2 weeks....this is not a fight but a war
Are we gonna see judgement day by tomorrow
  • #180,574
  • Nov 3, 2009 12:19pm Nov 3, 2009 12:19pm
Quoting egkid
Are we gonna see judgement day by tomorrow

looks like the bulls went back to mexico (dollars bulls)
  • #180,575
  • Nov 3, 2009 12:22pm Nov 3, 2009 12:22pm
Anyone buying gold?
GELORE
  • #180,576
  • Nov 3, 2009 12:28pm Nov 3, 2009 12:28pm
Good day to you,

My personal wish is the formation of a Daily pin - although almost hidden, but there - so tomorrow we can go and cream the 1.6515 target....

It will make my week!

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu10005.gif Size: 17 KB
  • #180,577
  • Edited 12:43pm Nov 3, 2009 12:32pm | Edited 12:43pm
Quoting TauTrader
Good day to you,

My personal wish is the formation of a Daily pin - although almost hidden, but there - so tomorrow we can go and cream the 1.6515 target....

It will make my week!

Regards
yesterday candle was a bullish signal, today pin cancels it out thou its a pin rejecting south, it gives an idea of where the market is trying to drive price..it will be very interesting to see where this mofo goes...

good case for both long and short..hopefully we both get lucky

edit:-assuming we close lower than open...which now things are changing..
  • #180,578
  • Nov 3, 2009 12:35pm Nov 3, 2009 12:35pm
If the DOW goes down then cable will be badly torpedoed - DOW only down 32 at the mo

That 1 hour chart on cable looks like wipe out territory to me

If the DOW goes up to 10k wednesday then cable will be saved - but only to 1.67 and then gets shorted BIG
  • #180,579
  • Nov 3, 2009 12:43pm Nov 3, 2009 12:43pm
Quoting fourxtrader
While watching the EU... I'd be watching the GJ vs GU.

Dr. D.
Some would also watch the UJ closely as
the "mother currency" for correlation.

Dr. D.
Attached Images
  • #180,580
  • Nov 3, 2009 12:43pm Nov 3, 2009 12:43pm
Here it's chart for the day,It's tell best, I Will close my short if we go up to 1.6435 above purple rectange
Attached Image (click to enlarge)
Click to Enlarge Name: my chart.gif Size: 23 KB
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