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Cable Update (GBPUSD)

  • #181,221
  • Nov 6, 2009 3:24am Nov 6, 2009 3:24am
Quoting Sedaka
If market makers or big boys can see this SL fig 1.6640 -1.6660 then any possibilities they will be shaken out before the trend continue bearish and also those who long(straddle) for this quick up move will also be shaken out.
IMHO the best thing for me is to stay aside and wait for the weakness...trade your own charts...
  • #181,222
  • Nov 6, 2009 3:32am Nov 6, 2009 3:32am
Quoting fourxtrader
"...mediocrities of the world I absolve you!"
LOL best line in the movie!


This past year the market was so easy, it fooled a lot of people into thinking they were "real" traders.

The market just got real again. Surprise.
  • #181,223
  • Nov 6, 2009 3:35am Nov 6, 2009 3:35am
Quoting Fudomyo
LOL best line in the movie!


This past year the market was so easy, it fooled a lot of people into thinking they were "real" traders.

The market just got real again. Surprise.
  • #181,224
  • Nov 6, 2009 3:37am Nov 6, 2009 3:37am
not much of a reaction. Where are we headed?
  • #181,225
  • Nov 6, 2009 3:40am Nov 6, 2009 3:40am
Quoting need-help
not much of a reaction. Where are we headed?
wait 1 to 1hr 20min from now...reaction & action start till NFP

Good luck...
  • #181,226
  • Nov 6, 2009 3:43am Nov 6, 2009 3:43am
Man I am so badly stuck with m shorts of tuesday. Dont want to close them at a loss because i am counting on NFP. This might be insane but just hoping for the best.
Thanx for the response.
Quoting grashid
wait 1 to 1.20hr from now...reaction start till NFP
  • #181,227
  • Nov 6, 2009 3:45am Nov 6, 2009 3:45am
Quoting need-help
Man I am so badly stuck with m shorts of tuesday. Dont want to close them at a loss because i am counting on NFP. This might be insane but just hoping for the best.
Thanx for the response.
Whats your positions matey ?
Let Price determine your future!
  • #181,228
  • Nov 6, 2009 3:48am Nov 6, 2009 3:48am
why the market so slow ?
  • #181,229
  • Nov 6, 2009 3:49am Nov 6, 2009 3:49am
Bro am stuck real bad. Have about 4 shorts from tuesday. All are above 130 red pips. Am just bought a few lots to prevent my account from blowing up. Scalping to increase margin. ANy help will be greatly appreciated.
Quoting Geppyg
Whats your positions matey ?
  • #181,230
  • Nov 6, 2009 3:50am Nov 6, 2009 3:50am
Quoting ayseaf
why the market so slow ?
Notsure where to go
  • #181,231
  • Nov 6, 2009 3:51am Nov 6, 2009 3:51am
Quoting yinbyungheon
is it possible that GU will retest the 1.66xx area again?
Now...is it gona penetrate 1.6652 or not?
  • #181,232
  • Nov 6, 2009 3:51am Nov 6, 2009 3:51am
Quoting ayseaf
why the market so slow ?
the market is waiting for NFP news....be careful and trade well during the NFP period...
  • #181,233
  • Nov 6, 2009 3:56am Nov 6, 2009 3:56am
Quoting ayseaf
why the market so slow ?
well the boys got bored, since the girls are hibernating
  • #181,234
  • Nov 6, 2009 3:57am Nov 6, 2009 3:57am
Quoting need-help
Man I am so badly stuck with m shorts of tuesday. Dont want to close them at a loss because i am counting on NFP. This might be insane but just hoping for the best.
Thanx for the response.
How much of your account are you losing if you are to close them now?

It may be a good ideea to close it now and use a SL next time... the market wants to go higher... and the news might just help it push through the resitance.

Asia might drop it a little on monday.... but that might not help if US pushes it more today.

Also if you look at the us sessions this week you will see they didn`t sell... look only at the us sessions and you see 4 days of buying... i see today as the day the use the news to break the resistance not the day they decide to change their mind.

But please use your own analisys so you don`t blame me if i`m wrong. ^.^

All the best!
  • #181,235
  • Nov 6, 2009 3:58am Nov 6, 2009 3:58am
Price reached the top of the previous 1hr swing hi zone (and daily t/f descending resistance trend line) finding more supply (mni touting offers there) and a great 1min bearish engulfing candle trigger ensues for hi-probability pip gain...
http://i35.tinypic.com/2rhbaxw.jpg
http://i34.tinypic.com/259z8ue.jpg

0930am Uk data sees a quick reaction making a double bottom at the 23.6% fib of the 6464-6635 move with another set-up and a great 1min bullish pinbar candle trigger for more hi-probability pip gain.

So there are opportunities in all market conditions dependant on t/f. Personally I play multiple set-ups on 1 instrument, others as java and others have said prefer to play less set-ups across different instruments.

G/L
ex member
  • #181,236
  • Nov 6, 2009 3:59am Nov 6, 2009 3:59am
GU insanely stuck right now, staying well away until NFP.
  • #181,237
  • Nov 6, 2009 3:59am Nov 6, 2009 3:59am
Quoting need-help
Bro am stuck real bad. Have about 4 shorts from tuesday. All are above 130 red pips. Am just bought a few lots to prevent my account from blowing up. Scalping to increase margin. ANy help will be greatly appreciated.
Brov are you saying you have shorted at 469 am I right
Let Price determine your future!
  • #181,238
  • Nov 6, 2009 4:03am Nov 6, 2009 4:03am
Quoting alexandru987
How much of your account are you losing if you are to close them now?

It may be a good ideea to close it now and use a SL next time... the market wants to go higher... and the news might just help it push through the resitance.

Asia might drop it a little on monday.... but that might not help if US pushes it more today.

Also if you look at the us sessions this week you will see they didn`t sell... look only at the us sessions and you see 4 days of buying... i see today as the day the use the news to break the resistance not the day they decide...
Is all about your Money Management. Whatever skills you have your account must be prepare for the worse. But as for the analysis, mine well be going south tonight.

happy trading
Trade what you see. Write what you feel
  • #181,239
  • Nov 6, 2009 4:06am Nov 6, 2009 4:06am
Quoting Geppyg
Brov are you saying you have shorted at 469 am I right
Cable daily:

Attached Image (click to enlarge)
Click to Enlarge Name: cable daily 6th.gif Size: 26 KB


"I am convinced that He (God) does not play dice." - Albert Einstein
  • #181,240
  • Nov 6, 2009 4:07am Nov 6, 2009 4:07am
Merci beacoup pour votre response ( Am not french neither do I know how to speak it. Just making up stuff from the little bit that i learnt from school)

If I close I lose 30 percent of the account. Now I know its extremely unprofessional of me to risk so much in the first place.
I realize the market has been bullish for the past few days. But to me big boys/market makers are really setting the stage for a humongous downfall. But thats again what I think. Anything is possible.
I so regret not using a stop loss. Lesson learnt.
So for the time being I have bought a few lots for a few pips.
Trying my best to save the account.
Thanx for the advice.

How are you doing?
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