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Cable Update (GBPUSD)

  • #181,181
  • Nov 5, 2009 5:12pm Nov 5, 2009 5:12pm
Is it gonna mOve or we will sleep HERE
  • #181,182
  • Nov 5, 2009 5:13pm Nov 5, 2009 5:13pm
in office .. no skype...no esignal...

out tonight partying so not home till late.

benn trading 90% es last 2 weeks .. commisions way less then fx

Quoting djambazov84
ok since ur too shy to show up on skype and ur probably playing on call of duty instead of following the market i`ll give u just the raw facts that i ONLY keep on the back of my mind but try to trade it day by day

year
low 1.3502
high 1.7040
UP

month (OCT)
low1.5707
hi 1.6693
close 1.6452
UP

month (NOV)
u can see it for urself

week:
ofcourse we all know cable is up

keep that in mind

if u had to put a gun to my head and ask me for bias i`m bullish usd but i try to refrain from predictions just possibilities and probabilites
oh and...
Blogging daily now at www.volume.zone
  • #181,183
  • Nov 5, 2009 5:17pm Nov 5, 2009 5:17pm
Quoting malcolmb14
in office .. no skype...no esignal...

out tonight partying so not home till late.

benn trading 90% es last 2 weeks .. commisions way less then fx
whats comission on oil and es on 1 standard ?
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #181,184
  • Nov 5, 2009 5:21pm Nov 5, 2009 5:21pm
Quoting djambazov84
whats comission on oil and es on 1 standard ?
es is .20 cent ($10 per contract)
oil 10 cents (10 per contract)
Blogging daily now at www.volume.zone
  • #181,185
  • Nov 5, 2009 5:40pm Nov 5, 2009 5:40pm
hi Malc,

Hows it going brov...?
Let Price determine your future!
  • #181,186
  • Nov 5, 2009 5:50pm Nov 5, 2009 5:50pm
Quoting Geppyg
hi Malc,

Hows it going brov...?
not bad at all ...

hope things are well with you
Blogging daily now at www.volume.zone
  • #181,187
  • Nov 5, 2009 9:03pm Nov 5, 2009 9:03pm
5505 NY till London close yesterday? mmm....

How about I make a joking
....welcome 6640..then 6740
  • #181,188
  • Edited 9:43pm Nov 5, 2009 9:14pm | Edited 9:43pm
That may not be a joke.

I was contemplating earlier, If the UK is the last major economy to be showing "signs"of emerging from recession

AND the USD continues downward,
Then,
UK economy rebounds, what can we expect from cable...??

6740 will be toast! made by the Queen herself. Just thinking..

Also, I am now flat. I enjoyed several successful 2 +100 pip trades on Cable. Dragon, which I once said I would never trade was even more successful.
Multi day longs since Monday and tuesday closed, yesterday, @ news, this AM and tonight.

Fridays are wacky. I am learning more and more that after several successful trades It sometimes is best to stop. Analyze, and wait for next setup. Otherwise one may find themself giving PiPs back to the market you just PiPPed for profit! These were all long positions.

edit: lol now we go up! Ha, tomorrow will be interesting!
Still for continued up trend I would like to break
dragon resistance @ 150.660 are and thru 151 not on news release.
cable resistance @ 66100 area thru 66200.

Quoting grashid
5505 NY till London close yesterday? mmm....

How about I make a joking
....welcome 6640..then 6740
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #181,189
  • Edited 10:56pm Nov 5, 2009 10:34pm | Edited 10:56pm
I will not make LDN tonight. But I will be waiting to see if my test theory will hold. In the event Asia continues to buy Until LDN, LDN may sell down only to re-buy @ better rate, then depending on USD, DOW, and Gold the Cable, dragon and possibly fibre will be pushed higher.

Fridays can be bad days. Not always, but I have heard of traders that specifically do not trade friday NY that is.

This is only a small observation I have made, any thought or criticism is always welcome. I am still in the analyzation and testing phase.

If it holds true, being that the trend is up, stacking longs on retrace may be beneficial depending on goals. In the next hour I will consider this depending on PA. HOWEVER, this may mean holding position thru weekend again depending on Friday LDN/NY mix and NY afternoon.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #181,190
  • Nov 5, 2009 10:39pm Nov 5, 2009 10:39pm
Quoting goodwings
Dear Tau Trader,
Your personality should determine the profession you choose. Forex involves lots of discipline and that is the sole identity of forex traders : it reflects in even what they say and how they say it. Maybe...just maybe some find what you said funny....i can fit u as forex funny man.....but NOT a forex trader! Sorry though if offended.
www.70yrsforexfocus.blog.com
Good day to you, sir

Thank you for your post. You are 100% correct. Discipline is one of the very best traits to have. Not only in Forex, but in everything you do...from losing weight to not looking at the neighbour's breasts.

I respect your view. I do. Not offended in the least.

I wish you all that is good

Regards

I am not offended at all...
  • #181,191
  • Nov 5, 2009 10:46pm Nov 5, 2009 10:46pm
Hi Tau and Grashid, This is an interesting post/discussion to read after walking away and thinking about how badly I wanted to enter the market, then what I had just written and why I exited in the first place.

I will not enter. I have stuck to my rules all week which was hard, but getting easier. Every day is a learning experience in FX.

This has been one of my best weeks to date. I want to keep it that way!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #181,192
  • Nov 5, 2009 10:48pm Nov 5, 2009 10:48pm
Quoting grashid
5505 NY till London close yesterday? mmm....

How about I make a joking
....welcome 6640..then 6740
  • #181,193
  • Nov 5, 2009 11:02pm Nov 5, 2009 11:02pm
There has to be a ton of stop-loss and buy stop orders between 6650 and 6850. If she can climb up thru 6640 it could keep going up for a few hundred. That would clear the road for some interesting gyrations. And Friday loves to ignore S/R and trend lines. So caution as usual. Happy Trading
  • #181,194
  • Nov 5, 2009 11:08pm Nov 5, 2009 11:08pm
Hi everyone, what do you thinks about GU today? Will it move slightly below the Pivot Point level before coming up again? Im taking a small short rite now. Still waiting for the good entry for buy order.
Night Stalker
  • #181,195
  • Nov 5, 2009 11:14pm Nov 5, 2009 11:14pm
Good day to you all,

I will most probably be sitting on the side for the remainder of the week. Looking at some charts:

1) Price is now flirting around the high of last week, 1.6603 with the upper level of the weekly channel, by low sitting @ 1.6613. Common sense dictates that a break of last weeks high would have accelerated the move up - taking out stops sitting behind these levels. Not quite happening...
2) For those with a bearish bias, it will be important to see 1.6590 area broken with purpose for a possible move back to 1.6551 ( wednesday close)
3) Again, the 1.6530 number offers a strong barrier towards lower levels. This is the lower level of the daily channel

I believe the majority of stops sitting above 1.6640 -1.6660

We are at a very crucial junction on the daily.... has the trend formally changed bullish? Or will we see another rejection?

Wish you success

Regards
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu10008.gif Size: 17 KB
  • #181,196
  • Nov 6, 2009 12:06am Nov 6, 2009 12:06am
Quoting XTrade
Hi Tau and Grashid, This is an interesting post/discussion to read after walking away and thinking about how badly I wanted to enter the market, then what I had just written and why I exited in the first place.

I will not enter. I have stuck to my rules all week which was hard, but getting easier. Every day is a learning experience in FX.

This has been one of my best weeks to date. I want to keep it that way!
Good day to you,

Well done.. You are then well on your way to conquer your demons. First task at hand is to attempt to end every week in the green.

I wish you all success

Regards
  • #181,197
  • Nov 6, 2009 12:11am Nov 6, 2009 12:11am
Quoting TauTrader
Good day to you all,

I will most probably be sitting on the side for the remainder of the week. Looking at some charts:

1) Price is now flirting around the high of last week, 1.6603 with the upper level of the weekly channel, by low sitting @ 1.6613. Common sense dictates that a break of last weeks high would have accelerated the move up - taking out stops sitting behind these levels. Not quite happening...
2) For those with a bearish bias, it will be important to see 1.6590 area broken with purpose for a possible move back to 1.6551 ( wednesday...
Good morning bro
Very good post
  • #181,198
  • Nov 6, 2009 12:17am Nov 6, 2009 12:17am
Quoting egkid
Good morning bro
Very good post
Good morning to you,

Yip - it all comes down to this....sparks will fly in the very near future. Destination unknown.

Trade well!

Regards
  • #181,199
  • Nov 6, 2009 12:25am Nov 6, 2009 12:25am
My view Bearish but so far have no signal to short.
here my 4h chart look to dots line @1.6593 it try to close above it but till now can't ,Anyway 35 min and this 4h candle will close let's see if can close above of it or no
Attached Image (click to enlarge)
Click to Enlarge Name: my chart.gif Size: 37 KB
  • #181,200
  • Nov 6, 2009 12:27am Nov 6, 2009 12:27am
Quoting XTrade
That may not be a joke.


... I enjoyed several successful 2 +100 pip trades on Cable. ...

Fridays are wacky. I am learning more and more that after several successful trades It sometimes is best to stop. Analyze, and wait for next setup. Otherwise one may find themself giving PiPs back to the market you just PiPPed for profit! These were all long positions.
Congrats. That is awesome.

I agree with you that Fridays can be wacky, especially since tomorrow is NFP. If that doesn't make it wacky tomorrow it would be a wacky thing. LOL
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