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Cable Update (GBPUSD)

  • #182,501
  • Nov 12, 2009 9:06am Nov 12, 2009 9:06am
Quoting malcolmb14
plot fibs on last up move 16263 to 1.6850 ... we are stuck just above the 61.8 for 24 hours now with what looks to be accumulation ... not sure what you got in short at but do not get married to 1.6300. ... not yet. In fact if we see three hour close above 1.6620 then the trend has changed once more and that 1-2-3 buy formation kicks in with the oreange fib extensions.

1.6620 is key level for sure

es may well break to another new years high today . I am holding long off 1093.75 for target 10 points today..... that will not allow the usd to rise...
damn some descent annalist with charts
for our newbies to learn from.

Thanks mate
  • #182,502
  • Nov 12, 2009 9:16am Nov 12, 2009 9:16am
Quoting Sedaka
GUH1-Double bottom/Triple bottom + Tweezer bottom(ibfx)...What a strong support. Let see who will rides....
Ayooo... how many bottom daa
GELORE
  • #182,503
  • Nov 12, 2009 9:18am Nov 12, 2009 9:18am
Quoting malcolmb14
there is this triangle that we are stuck in for last 8 hours ... something has to give..
buyers off 1630 for sure n adn also sellers off 1,6560 ...
damn
30 pip range...
Attachment

.
Exactly, but the pot hasn't come to a boil yet.... this gathering of
ema's began 26 hrs ago and still need to pinch further together.


Dr. D.
Attached Image
  • #182,504
  • Nov 12, 2009 9:19am Nov 12, 2009 9:19am
Now comes a climax low on EG.....there comes the bad week.....I HATE THIS
Non licet omnibus adire Corinthum
  • #182,505
  • Nov 12, 2009 9:24am Nov 12, 2009 9:24am
Need pips .....C'mon break this damned support !!!!!
Non licet omnibus adire Corinthum
  • #182,506
  • Nov 12, 2009 9:27am Nov 12, 2009 9:27am
Quoting fourxtrader
Exactly, but the pot hasn't come to a boil yet.... this gathering of
GU ema's began 26 hrs ago and still need to pinch further together.

Dr. D.
In the meantime, the yen pairs have been all over the place.

Dr. D.
Attached Images
  • #182,507
  • Nov 12, 2009 9:28am Nov 12, 2009 9:28am
Quoting egkid
I don't know about you guys but in my view i see good point here 1.4980 to sell maybe you could checkout your chart.
Just thught to share
GL all
I told you
  • #182,508
  • Nov 12, 2009 9:32am Nov 12, 2009 9:32am
Good day to you all,

It has been a stressful week for me. Price is going nowhere slowly.... on all pairs.

Funny, when I started this game, I used to trade 5min charts - I am now holding positions for DAYS..... This is stressful in itself -as the move over to longer timeframes were instant. I will get used to this.

Happy with the winning percentage. But sloppy on some entries.

Results for positions closed today, and the week so far. Small change - I know....

Regards
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  • #182,509
  • Nov 12, 2009 9:34am Nov 12, 2009 9:34am
Eu and CHF running in parity GU not . Time for correction down!?
  • #182,510
  • Nov 12, 2009 9:36am Nov 12, 2009 9:36am
Quoting niesoslim
damn some descent annalist with charts
for our newbies to learn from.

Thanks mate
Oranje,Blanje,Blou....

Die meisies hou van jou...

Hehe

Groetnis
  • #182,511
  • Nov 12, 2009 9:41am Nov 12, 2009 9:41am
Quoting TauTrader
Good day to you all,

It has been a stressful week for me. Price is going nowhere slowly.... on all pairs.

Funny, when I started this game, I used to trade 5min charts - I am now holding positions for DAYS..... This is stressful in itself -as the move over to longer timeframes were instant. I will get used to this.

Happy with the winning percentage. But sloppy on some entries.

Results for positions closed today, and the week so far. Small change - I know....

Regards
I keep flipping between scalping and longer term - but the long whippy tails overnight - the gapping - makes long term (days) trading so risky because the s/l is so easily hit.

The only strategy for me if I am going for a longer term trade is to keep it small - it's still a nice profit if it works which means conversely its still a bit of a nasty loss if it doesn't

The only time it makes sense for me is if I risk a profit I have already made by moving the sl to be and closing my eyes until after it has made a whacking great profit or closed out at b/e on a nasty overnight whip.

Self deception ignoring 'what could have been ' is still necessary for continued happiness
  • #182,512
  • Nov 12, 2009 9:42am Nov 12, 2009 9:42am
Quoting egkid
I told you
Yes you did. Good call!!!!!!!!!!!! ~1.4980 was
right at the precipice where the tumble began.

And notice that all the ema's were bunched in
tight compressions, waiting for a big move.

Of course, this is a naturally reoccurring with
every pair in most every timeframe.

Dr. D.
Attached Image
  • #182,513
  • Nov 12, 2009 9:42am Nov 12, 2009 9:42am
Hi Tau,

Forgot my wine list ????

Need a good one for consolation....

Thanks
Non licet omnibus adire Corinthum
  • #182,514
  • Nov 12, 2009 9:44am Nov 12, 2009 9:44am
Quoting Chumbawunga
Eu and CHF running in parity GU not . Time for correction down!?
YES.....in theory!
  • #182,515
  • Nov 12, 2009 9:44am Nov 12, 2009 9:44am
Quoting Chumbawunga
Eu and CHF running in parity GU not . Time for correction down!?
Or not.
  • #182,516
  • Nov 12, 2009 9:45am Nov 12, 2009 9:45am
Quoting javajames
Hi Tau,

Forgot my wine list ????

Need a good one for consolation....

Thanks
I don't think you can afford to be thinking of such luxuries after the week you've had!

Just kidding, my French friend, I've also had a frsutrating week in FX trading.

A bientot
  • #182,517
  • Nov 12, 2009 9:48am Nov 12, 2009 9:48am
Quoting allserene

Self deception ignoring 'what could have been ' is still necessary for continued happiness
So true man....I already feel better...
Non licet omnibus adire Corinthum
  • #182,518
  • Nov 12, 2009 9:50am Nov 12, 2009 9:50am
Wish cable would get out of this consolidation and give me my money already!

Now watch it be mad and move against me haha
  • #182,519
  • Nov 12, 2009 9:51am Nov 12, 2009 9:51am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
You are one incredible trader TT. One of very few I would like to see calls from!


Ta
ams



Quoting TauTrader
Good day to you all,

It has been a stressful week for me. Price is going nowhere slowly.... on all pairs.

Funny, when I started this game, I used to trade 5min charts - I am now holding positions for DAYS..... This is stressful in itself -as the move over to longer timeframes were instant. I will get used to this.

Happy with the winning percentage. But sloppy on some entries.

Results for positions closed today, and the week so far. Small change - I know....

Regards
  • #182,520
  • Nov 12, 2009 9:52am Nov 12, 2009 9:52am
Quoting fourxtrader
Yes you did. Good call!!!!!!!!!!!! ~1.4980 was
right at the precipice where the tumble began.

And notice that all the ema's were bunched in
tight compressions, waiting for a big move.

Dr. D.

gj is what I trade 90% of time .....

today has been awesome

very clear buying off bottom of channel 148.50 has not looked back .... could be top of channel target 151.50 but lots of wood to chop 150 to 150.50

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