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Cable Update (GBPUSD)

  • #181,741
  • Nov 9, 2009 11:22am Nov 9, 2009 11:22am
Quoting javajames
Hi Tau,

Sorry about the corner.....is it in your business ????

Here you have a square one .....trading like a pro

Wish you all the best
Good day to you,

All good- thank you - strong like an OX!

Missed my 2 shorts last might as posted by 2 pips each. I am following my plan as set out. Good luck to you..

I believe my GBP/JPY will finish first - this based on positive correlation with GU to go finish the gapfill. ( high probability setup - but not 100%)
Tomorrow or Wednesday, my EU and EUR/JPY may come in.

Can someone confirm for me that we still have a gap present on EU?

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 11 KB
  • #181,742
  • Nov 9, 2009 11:36am Nov 9, 2009 11:36am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
hey TT, are you long or short, which pair?


Ta
ams


Quoting TauTrader
Good day to you,

All good- thank you - strong like an OX!

Missed my 2 shorts last might as posted by 2 pips each. I am following my plan as set out. Good luck to you..

I believe my GBP/JPY will finish first - this based on positive correlation with GU to go finish the gapfill. ( high probability setup - but not 100%)
Tomorrow or Wednesday, my EU and EUR/JPY may come in.

Can someone confirm for me that we still have a gap present on EU?

Regards
  • #181,743
  • Nov 9, 2009 11:37am Nov 9, 2009 11:37am
Daily way off closing, but looking kinda bearish.

If it closes above 740, then north train possible back in table.

Let her reveal herself to us.

Don't predict it, react to PA.

  • #181,744
  • Nov 9, 2009 11:45am Nov 9, 2009 11:45am
Quoting ams
hey TT, are you long or short, which pair?


Ta
ams
Good day to you,

Do you REALLY wanna know?

I placed shorts on EU, GBP/JPY and EUR/JPY as the market opened. Placed my TP and missed these by between 2 and 5 pips! ( should take spead into account, next time)

So, placed Sell limits at various intervals as we went up. Currently have 9 open positions on 3 pairs. 7 Red and 2 Green.

Wanting GU to fill it's gap left at open, pulling GBP/JPY with it. Wanting EU to fill it's gap pulling EUR/JPY with it. But it aint' looking good at the moment....

You?

Warm regards
  • #181,745
  • Nov 9, 2009 12:04pm Nov 9, 2009 12:04pm
everywhere I look I see bubbles

sometimes I feel like a flatulent whale.

Bubble in shares - just dumped my France /Germany shares

Now I look at euro and jeepers it's vertical !

Cable is a bit more realistic

Trouble with bubbles is you don't know when they are going to pop and the market can stay irrational etc....

When the DOW went from 13000 to 14000 the clever heads were out at 13k+
Once you decide its a bubble you have to control the greed

Cable still looks tradeable
  • #181,746
  • Nov 9, 2009 12:08pm Nov 9, 2009 12:08pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I am scalping really, lost on short position this morning.

Purpose done for the pound. I do not know of any reason for pound to go UP now to be honest. UK is in worst shape then the US. No one is buying the pound citybank was behind all this and they are the one selling it.

Cadbury has rejected the bid. Pound has to be low for Kraft to place higher bid and cadbury to accept it. Might see some action on wednesday when King opens his mouth.



Quoting TauTrader
Good day to you,

Do you REALLY wanna know?

I placed shorts on EU, GBP/JPY and EUR/JPY as the market opened. Placed my TP and missed these by between 2 and 5 pips! ( should take spead into account, next time)

So, placed Sell limits at various intervals as we went up. Currently have 9 open positions on 3 pairs. 7 Red and 2 Green.

Wanting GU to fill it's gap left at open, pulling GBP/JPY with it. Wanting EU to fill it's gap pulling EUR/JPY with it. But it aint' looking good at the moment....

You?

Warm regards
  • #181,747
  • Nov 9, 2009 12:11pm Nov 9, 2009 12:11pm
Lets see
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 37 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #181,748
  • Nov 9, 2009 12:13pm Nov 9, 2009 12:13pm
Quoting ams
I am scalping really, lost on short position this morning.

Purpose done for the pound. I do not know of any reason for pound to go UP now to be honest. UK is in worst shape then the US. No one is buying the pound citybank was behind all this and they are the one selling it.

Cadbury has rejected the bid. Pound has to be low for Kraft to place higher bid and cadbury to accept it. Might see some action on wednesday when King opens his mouth.
Good day,

Yip...scalping is a very good strategy...

In and out. Doesn't matter if you take 2 pips or 5 pips. Less time in the market, the better. Less exposure. Less risk.

Could you please look at you EU chart and confirm that you have a gap there?

Regards
  • #181,749
  • Nov 9, 2009 12:16pm Nov 9, 2009 12:16pm
Quoting ams
I am scalping really, lost on short position this morning.

Purpose done for the pound. I do not know of any reason for pound to go UP now to be honest. UK is in worst shape then the US. No one is buying the pound citybank was behind all this and they are the one selling it.

Cadbury has rejected the bid. Pound has to be low for Kraft to place higher bid and cadbury to accept it. Might see some action on wednesday when King opens his mouth.
It is always making a pattern. If you notice, it just finished a text book BUTTERFLY at 16816 and now .......
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #181,750
  • Nov 9, 2009 12:16pm Nov 9, 2009 12:16pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
gap is of 30-40 pips I guess 484xx , 488xx.



Quoting TauTrader
Good day,

Yip...scalping is a very good strategy...

In and out. Doesn't matter if you take 2 pips or 5 pips. Less time in the market, the better. Less exposure. Less risk.

Could you please look at you EU chart and confirm that you have a gap there?

Regards
  • #181,751
  • Nov 9, 2009 12:18pm Nov 9, 2009 12:18pm
Quoting ams
gap is of 30-40 pips I guess 484xx , 488xx.


Regards
  • #181,752
  • Nov 9, 2009 12:22pm Nov 9, 2009 12:22pm
Quoting TauTrader
Good day,

Yip...scalping is a very good strategy...

In and out. Doesn't matter if you take 2 pips or 5 pips. Less time in the market, the better. Less exposure. Less risk.

Could you please look at you EU chart and confirm that you have a gap there?

Regards
Hi TT,
Been doing the same thing - scalping. Looks as if R2 might be a support line but who knows. Sipping a rather nice Merlot can highly reccomend it.
  • #181,753
  • Nov 9, 2009 12:29pm Nov 9, 2009 12:29pm
Quoting Chumbawunga
Hi TT,
Been doing the same thing - scalping. Looks as if R2 might be a support line but who knows. Sipping a rather nice Merlot can highly reccomend it.
Good day to you,

Hehe - you know then where the best wines come from? I live 15min from one of the best Cape wine routes, with buckets of top Calamata olives to go....

Always a treat

Regards
  • #181,754
  • Nov 9, 2009 12:37pm Nov 9, 2009 12:37pm
Quoting grashid
suddently back to happening........

+100pips mission completed..


patient, emotionless,carefully follow the PA and read all tf from ur chart, check vol , ES,DJ , gold and UCAD.....that is what we are right now..

This is my last call in this thread with a least somebody may make some pofit fom that....

Appologize if i have offenced anybody and you guys can see me at auslonco after this..but am still visit here but in a silence mode

Good luck all and am happy if somebody make some green pips just now.....
Very good job bro, I was pleased to read your posts and i can absolutly understand your decision and i think i'll not be late to have same decision like yours for maybe the same reasons but for all the forum and just keeping maybe access to ask a technical question, if not find answer on the web.

Wish to you success grashid.
No Signal, No Trade. No fundamenals, No headache.
  • #181,755
  • Nov 9, 2009 12:40pm Nov 9, 2009 12:40pm
Quoting allserene
everywhere I look I see bubbles

sometimes I feel like a flatulent whale.

Bubble in shares - just dumped my France /Germany shares

Now I look at euro and jeepers it's vertical !

Cable is a bit more realistic

Trouble with bubbles is you don't know when they are going to pop and the market can stay irrational etc....

When the DOW went from 13000 to 14000 the clever heads were out at 13k+
Once you decide its a bubble you have to control the greed

Cable still looks tradeable

Hi Allserene,

Just a question didn't you have a bird as avatar before?
No Signal, No Trade. No fundamenals, No headache.
  • #181,756
  • Nov 9, 2009 12:46pm Nov 9, 2009 12:46pm
Quoting TauTrader
Good day to you,

Hehe - you know then where the best wines come from? I live 15min from one of the best Cape wine routes, with buckets of top Calamata olives to go....

Always a treat

Regards
Well! I live 2 mins from my local supermarket so there!!!

I'm jealous really. My brother in law has a place in France but the parity between Euro Gu has made buying French wine less paletable ( financially speaking)
  • #181,757
  • Nov 9, 2009 1:03pm Nov 9, 2009 1:03pm
Quoting Chumbawunga
Well! I live 2 mins from my local supermarket so there!!!

I'm jealous really. My brother in law has a place in France but the parity between Euro Gu has made buying French wine less paletable ( financially speaking)
Ermm,

Then you married well....

In fact, I can just get into the Landrover and drive 30 min in any direction, and I will be in wine country... truly magnificent...

You should really buy some of our wines - well priced. Great history..

On par with the Chillian wines - just better value. Come to Cape Town - I'll show you around..

Regards
  • #181,758
  • Nov 9, 2009 1:18pm Nov 9, 2009 1:18pm
Quoting TauTrader
Ermm,

Then you married well....

In fact, I can just get into the Landrover and drive 30 min in any direction, and I will be in swine country... truly magnificent...

You should really buy some of our swines - well priced. Great history..

On par with the Chillian swines - just better value. Come to Cape Town - I'll show you around..

Regards
  • #181,759
  • Nov 9, 2009 1:33pm Nov 9, 2009 1:33pm
Quoting forexlion
Good day to you,

Oh, you are sharp....

A sick mind, but sharp....

Regards
  • #181,760
  • Nov 9, 2009 1:36pm Nov 9, 2009 1:36pm
Guys,

Maybe you don't know...I'm French....so you see what I mean...Bordeaux, Bourgogne, Alsace, Touraine etc......

Tau, I stay open...I already drank very good chilian wines....but no memories about South African wines....so tell me which ones to buy....sorry but only the best.....for a french connaisseur....

I'll find them
Non licet omnibus adire Corinthum
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