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Cable Update (GBPUSD)

  • #181,521
  • Nov 8, 2009 2:21pm Nov 8, 2009 2:21pm
16675 ATM

Isn't the market great?

Right, this what I see ATM.

Drive price up and hit weak Short stops. Trigger Long orders, drop price hard. Both sides of market taken out, same old, same old.


Its all psychology, and I for one am not going long. Warren wants a large drop from the top, the top that he picks, no-one else. It's his party and he wants the lowest price possible by 1700GMT.

Lets see how many get shafted on this move, I'll be adding Shorts every 100 pips North, just for shits and giggles.

Cheers Warren for the nice entries.
  • #181,522
  • Nov 8, 2009 2:26pm Nov 8, 2009 2:26pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Who's your broket DT?
Mine is IG they open at 2200hrs.
Yup, biggest stakeholder of Kraft wants to have fingers everywhere...





Quoting direct-trade
16675 ATM

Isn't the market great?

Right, this what I see ATM.

Drive price up and hit weak Short stops. Trigger Long orders, drop price hard. Both sides of market taken out, same old, same old.


Its all psychology, and I for one am not going long. Warren wants a large drop from the top, the top that he picks, no-one else. It's his party and he wants the lowest price possible by 1700GMT.

Lets see how many get shafted on this move, I'll be adding Shorts every 100 pips North, just for shits and giggles.

Cheers Warren for the nice entries....
  • #181,523
  • Nov 8, 2009 2:29pm Nov 8, 2009 2:29pm
Quoting ams
Who's your broket DT?
Mine is IG they open at 2200hrs.
Yup, biggest stakeholder of Kraft wants to have fingers everywhere...

Trading through a bank with Currenex platform, but also use Dukascopy and Oanda.

Oanda is great for such as what I see happening right now. Price hit 16677 high on thier platform, wonder if price will sink in time for the main open?
  • #181,524
  • Nov 8, 2009 2:31pm Nov 8, 2009 2:31pm
Quoting ams
Hello TT,

Check DT's thread. I have posted some imp info there.

Ta
ams
Good day to you,

Very interesting to say the least. Thank you.

I hope this gap lasts until open... wanna enter short on the pairs mentioned with sell limits every 20 pips or so. I see DT has a similar scheme, just more conservative.

I wish you success for the week ahead

Regards
  • #181,525
  • Nov 8, 2009 2:36pm Nov 8, 2009 2:36pm
Quoting ams
Who's your broket DT?
Mine is IG they open at 2200hrs.
Yup, biggest stakeholder of Kraft wants to have fingers everywhere...
Bro I am also with IG markets but they open at 9pm (UK time). Just thought I would mention it incase you are used to checking at 10pm. GL to all for this week.
You've got to be IN IT to WIN IT!
  • #181,526
  • Nov 8, 2009 2:37pm Nov 8, 2009 2:37pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Thanks mate, I am indeed used to 10 (bst). atm there price is 166678.


Quoting Ifty
Bro I am also with IG markets but they open at 9pm (UK time). Just thought I would mention it incase you are used to checking at 10pm. GL to all for this week.
  • #181,527
  • Nov 8, 2009 2:47pm Nov 8, 2009 2:47pm
Quoting ams
Yup, biggest stakeholder of Kraft wants to have fingers everywhere...

  • #181,528
  • Nov 8, 2009 3:01pm Nov 8, 2009 3:01pm
GUYS the opening price is 1.6662.
You've got to be IN IT to WIN IT!
  • #181,529
  • Nov 8, 2009 3:08pm Nov 8, 2009 3:08pm
Hey WB, I agree. It is dangerous ATM. I was expecting the USD to fall a bit more in line with the last record breakout. I am a bit suspect of this and it will be interesting to see if it can maintain this just 1100 area w/o pullback.

Since the push through 1000 and up, 1030 area has been of interest to me as support and lower the 1000 mark, for now. Unfortunately the brokers I am using and testing do not have spot gold. One I demoed on a while back started, but I would never consider using them for anything.

On the flip side, should we maintain this area and USD falls gold may be poised for more gains... This should get interesting!
Good luck to you for the coming week!
X-

Edit: although a bit off ATM I have found nice correlation between cable and gold spot at times.
http://www.kitco.com/images/live/gold.gif




Quoting wormboy
Hi X

I personally think since gold broke all the resistance towards new high it gets really dangerous.
Certainly the daily chart is showing just that atm with the bearish divergence. I am long dollar going into next week (selling the Euro) till gold test 1060 level & we'll see what happens from there on.

Good luck to you buddy
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #181,530
  • Nov 8, 2009 3:08pm Nov 8, 2009 3:08pm
  • #181,531
  • Nov 8, 2009 3:15pm Nov 8, 2009 3:15pm
Well...don't forget that the house approved the health bill on Saturday night. Perhaps some widespread optimism as a result? Or even a negative view on the dollar, i.e health bill = +ve deficit?

Nonetheless a fairly large gap open NZD/USD +100 pips ...learned a long time ago not to leave trades open over the weekend if I truly don't have to, even then I hedge.
  • #181,532
  • Nov 8, 2009 3:20pm Nov 8, 2009 3:20pm
Quoting Ifty
GUYS the opening price is 1.6662.
I have long Postion @ 1.6607 in FXDD

but they are not open yet
Never sell @ lower upward channel unless breacked and vise versa .
  • #181,533
  • Nov 8, 2009 3:22pm Nov 8, 2009 3:22pm
Quoting WedWed
I have long Postion @ 1.6607 in FXDD

but they are not open yet
Hang in there. Another 40 mins and they will be open for you too. It seems to be rising a little again to 1.6664. Well done as this will be a great start to the week for you.
You've got to be IN IT to WIN IT!
  • #181,534
  • Nov 8, 2009 3:45pm Nov 8, 2009 3:45pm
Good day to you,

Thought I will post a piece that may serve as a motivator to some of you. We all sometimes wonder if it is possible to make a success in the long term?

Here is a short list of just some individuals who had the will to do just that.There are many people throughout history who have overcome great odds and adversity in their quest for greatness. Some people with 'heart' are:

  1. Dr. Milton Erickson, who in spite of polio became the greatest hypnotherapist of all time.
  2. Tiger Woods, who in spite of the race barrier became one of the greatest golfers of all time.
  3. Lance Armstrong, who in spite of cancer in his lungs and brain won the Tour de France five times in a row. Thomas Edison, who was sent home from school because the teachers said he was too stupid to learn anything, but became one of the greatest inventors in history.
  4. Benjamin Franklin was the fifteenth of seventeen children of a poor candle maker. His first obstacle was that he had only one year of schooling. He went on to teach himself philosophy, four languages, the classics, writing for publication, science, finance, politics, diplomacy - to become one of the best educated and greatest Americans.
  5. Annette Kellerman was a sickly and lame woman who became the World Diving Champion and was judged the world's most perfectly formed woman.

In this life, anything is possible. We are only held back by our own mental barriers.

Wish you all success

Regards

  • #181,535
  • Nov 8, 2009 3:50pm Nov 8, 2009 3:50pm
Quoting Turveyd
I've got a M1 only thread,...

nobody is attacking u for the 1 minute chart..just attacking when u say the 1 minute chart is the way to trade and looking at 4hr is rediculous cause u cant predict future.

my friendly 2 pips..have a good week bro!
  • #181,536
  • Nov 8, 2009 3:55pm Nov 8, 2009 3:55pm
Quoting Geppyg
Nav Trades with me and he is a great asset to our trading group and dont ever come on here and chat shit about some one trading demo or little accounts.........here blow this....... My account over the last 5 trading sessions....

I never talk about my account as I aint a big trader like some of you never ever put down another trader.............
Pipe down Nancy.

You are a bit of a flaming prick if somebody doesn't agree with you or follow the general consensus dictated in this forum aren't ya?

Honestly, a trade position that has generated a loss on a hold for 3 weeks, is this really a good system? Seriously?

With all the talks of shorts over the last few weeks, and a butt load of newbs losing their collective asses on bullshit calls by the short minded folk, I would think that a valued member of the forum would be encouraging money management and following the trend, but this doesn't seem to be the case here anymore. This was one of the reasons I stopped posting here, and it's times like this I can't help but to come back and post a few thoughts.

FOLLOW THE TREND
MONEY MANAGEMENT

Words we should all be taking into consideration.

For one, as we closed the week at a high on a NFP Friday, shouldn't that tell you something?

How many held shorts over the weekend hoping for a gap down? A gap down is a reasonable assumption when the trend is in decline, but are we really in that trend now?

This isn't the Geppyg thread, it's for CABLE, and if you don't like when people have an alternative perspective or point of view, I would encourage you to go off and start your own little flame fest in your own little room. Until then, FUCK OFF, you pathetic little man.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #181,537
  • Nov 8, 2009 3:58pm Nov 8, 2009 3:58pm
Quoting TauTrader
Good day to you,

Thought I will post a piece that may serve as a motivator to some of you. We all sometimes wonder if it is possible to make a success in the long term?

Here is a short list of just some individuals who had the will to do just that.There are many people throughout history who have overcome great odds and adversity in their quest for greatness. Some people with 'heart' are: [list][*]Dr. Milton Erickson, who in spite of polio became the greatest hypnotherapist of all time.[*]Tiger Woods, who in spite of the race barrier became...
all in the head..u sort that..u sorted..heres to a great week!! cheers buddy
  • #181,538
  • Nov 8, 2009 3:59pm Nov 8, 2009 3:59pm
Quoting Magix
Pipe down Nancy.

You are a bit of a flaming prick if somebody doesn't agree with you or follow the general consensus dictated in this forum aren't ya?

Honestly, a trade position that has generated a loss on a hold for 3 weeks, is this really a good system? Seriously?

With all the talks of shorts over the last few weeks, and a butt load of newbs losing their collective asses on bullshit calls by the short minded folk, I would think that a valued member of the forum would be encouraging money management and following the trend, but this doesn't...
Good Evening,

I hope you have a lovely Trading week to.

Good Luck
GeppyG
Let Price determine your future!
  • #181,539
  • Nov 8, 2009 4:08pm Nov 8, 2009 4:08pm
hey guys ,
does anyone think that it will fill the gap ??
  • #181,540
  • Nov 8, 2009 4:09pm Nov 8, 2009 4:09pm
Seriously Navs not giving buy sell signals here so what’s the problem? All hes done is provided his POV and for that matter if we weren’t in range I doubt very much if he would find himself in a negative position at this stage ,but not lost yet tho ?
hes playing the long ball and made that clear ,anyone following is at their own risk ,in the end we all learn from each other right or wrong don’t you think?

Quoting Magix
Nav...

Sheesh man, Hold for 2-4 weeks to get more benefit? How about some benefit?

IF, this was in fact the case, that you would have to hold for 2-4 weeks to profit, WHY BOTHER TRADING?

I know you got some new fancy hold system that you are working on, but seriously, this short mentality has cost you not only profits from playing the wrong chart, but also potential gains you could have made by playing the actual chart.

This boy who called bear thing...hasn't it gone on long enough?

Have you even looked @ a weekly chart?

Because you...
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