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Cable Update (GBPUSD)

  • #182,981
  • Nov 15, 2009 6:02pm Nov 15, 2009 6:02pm
+280 closed...

3x long Cable,
2x long EJ
2x Short USDCAD.

Another great start to the week!

Weeeeeeeeeeeeeeeeeeeeeeeeeee.....


See yaz later!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,982
  • Nov 15, 2009 6:19pm Nov 15, 2009 6:19pm
USDCAD pending sell order at 1.0533 target adjustable at 1.0392
BE if we hit 1.0394
please dont copy
When life gives you lemons, make lemonade
  • #182,983
  • Nov 15, 2009 6:30pm Nov 15, 2009 6:30pm
FWIW...Typically don't play Gold, but had to giver a whirl short side and pray for the gap close....

S/L top of the chart...TP 1,172.0...

Goooooooo GOLD BEARS!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,984
  • Nov 15, 2009 6:46pm Nov 15, 2009 6:46pm
Hi house can anybody tell me the trend of the gbp/usd this morning
am a new member even in forex
thanks
  • #182,985
  • Nov 15, 2009 7:03pm Nov 15, 2009 7:03pm
Goodweek fellows,
Am sure some traders find it very refreshing to begin the week by reading some inspirational quotes/rules,so here is one from Larry:
"I'm probably best known for winning the Robbins World Cup Trading Championship, turning $10,000 into $1,100,000.00 in 12 months. That was real money, real trades, and real time performance. For years people have asked for my trades to figure out how I did it. I gladly oblige them, they will learn little there - what created the gargantuan gain was not great trading ability nearly as much as the very aggressive form of money management I used. The approach was to buy more contracts when I had more equity in my account, cut back when I had less. That's what made the cool million smackers - not some great trading skill. Ten years later my 16-year-old daughter won the same trading contest taking $10,000 to $110,000.00 (The second best performance in the 20-year history of the championship). Did she have any trading secret, any magical chart, line, and formula? No. She simply followed a decent system of trading, backed with a superior form of money management".
  • #182,986
  • Nov 15, 2009 7:06pm Nov 15, 2009 7:06pm
Quoting grashid
2 pit after yesteday close...

1.6740 or 1.6450 which one come first?.......
Let wait on monday open and how monday close..

Good luck all and hapy weekend....see all of u on Tuesday
GM guys...
same weekly chart and nice gap atm...
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  • #182,987
  • Nov 15, 2009 7:07pm Nov 15, 2009 7:07pm
Quoting goodwings
Goodweek fellows,...

Basically he had a winning method ( which is KEY ) and then kept betting the farm ie aggressive rather than the softly softly 1% max risk BS!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #182,988
  • Nov 15, 2009 7:17pm Nov 15, 2009 7:17pm
Quoting Turveyd
Basically he had a winning method ( which is KEY ) and then kept betting the farm ie aggressive rather than the softly softly 1% max risk BS!!
Sure......the plan/method/system must be in place.... which should determine the level of money management. Nothing to manage if plan is not in place!
  • #182,989
  • Nov 15, 2009 11:27pm Nov 15, 2009 11:27pm
w0w, 4hrs of dead silence during market hours?

It doesn't even stay this quiet during the closed market...

No opinions or ideas I guess....

Well, fer me, scalped a few on cable to the north side. Tapped out @ stop loss on the gold attempt, wtf. it was worth a shot...

All in all, still a good start to the week.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,990
  • Nov 15, 2009 11:36pm Nov 15, 2009 11:36pm
Quoting Magix
w0w, 4hrs of dead silence during market hours?

It doesn't even stay this quiet during the closed market...

No opinions or ideas I guess....

Well, fer me, scalped a few on cable to the north side. Tapped out @ stop loss on the gold attempt, wtf. it was worth a shot...

All in all, still a good start to the week.
may seen 1124.30 test?
  • #182,991
  • Nov 15, 2009 11:37pm Nov 15, 2009 11:37pm
Quoting Magix
w0w, 4hrs of dead silence during market hours?

It doesn't even stay this quiet during the closed market...

No opinions or ideas I guess....

Well, fer me, scalped a few on cable to the north side. Tapped out @ stop loss on the gold attempt, wtf. it was worth a shot...

All in all, still a good start to the week.
hmmm, even the thread is silent.
Gold is showing signs of weakness; we MAY experince a downward move a little!
  • #182,992
  • Nov 15, 2009 11:38pm Nov 15, 2009 11:38pm
Quoting grashid
may seen 1124.30 test?
I was hoping for a mass exodus on it, dumping back and closing the gap...never happened, I got my ass handed to me for like 25 bucks or something, I am content in playing what I know best.

It should see some fall back, how much and when...well, only time will tell.

Are you holding any right now grashid?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,993
  • Nov 15, 2009 11:43pm Nov 15, 2009 11:43pm
Quoting Magix
I was hoping for a mass exodus on it, dumping back and closing the gap...never happened, I got my ass handed to me for like 25 bucks or something, I am content in playing what I know best.

It should see some fall back, how much and when...well, only time will tell.

Are you holding any right now grashid?
short 1.6722 hit SL @ BE+1 on GU and i would prefer to see how london bring us...

Since 1.6740 first target just miss 3 pips I would start thinking of 1.6620/1.6600 on GU but GY am confused atm as 147.10 (148.20 is the key) as well as 151.50/60 also possible since UY look OS at all higher TF axcept H1.

Buy dip for GY could be the game for today and perhaps I could start GY after today close...

I saw this week may seen another bull trend and let see what we can get from London open to today close..
  • #182,994
  • Nov 15, 2009 11:47pm Nov 15, 2009 11:47pm
Quoting grashid
short 1.6722 hit SL @ BE+1 on GU and i would prefer to see how london bring us...

Since 1.6740 first target just miss 3 pips I would start thinking of 1.6620/1.6600 on GU but GY am confused atm as 147.10 (148.20 is the key) as well as 151.50/60 also possible since UY look OS at all higher TF axcept H1.

Buy dip for GY could be the game for today and perhaps I could start GY after today close...

I saw this week may seen another bull trend and let see what we get from London open to today close..
I just took another nibble on cable when it dipped to the 200ema on the 1m chart. Single lot, I'm going to bed soon. Looks like the 5m is about to come alive and hopefully explode topside for me, currently @ +5. Magical lines, love the scalps from the 200 and 600!

I took 3 on the dragon earlier, exited way to early but held my EJ and scored nicely. Another hold should have been my UC short...oh well...

It's been a nice open so far. Hope the week keep a running!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,995
  • Nov 15, 2009 11:54pm Nov 15, 2009 11:54pm
Quoting Magix
I just took another nibble on cable when it dipped to the 200ema on the 1m chart. Single lot, I'm going to bed soon. Looks like the 5m is about to come alive and hopefully explode topside for me, currently @ +5. Magical lines, love the scalps from the 200 and 600!

I took 3 on the dragon earlier, exited way to early but held my EJ and scored nicely. Another hold should have been my UC short...oh well...

It's been a nice open so far. Hope the week keep a running!
..good luck to you and catch you later in London or US session....
  • #182,996
  • Nov 16, 2009 12:05am Nov 16, 2009 12:05am
15m now alive, if we kick the OSMA into positive turf for the 30m chart, I might not be getting much sleep tonight!

CHA CHING!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,997
  • Nov 16, 2009 12:14am Nov 16, 2009 12:14am
Quoting plan-b
A closer look (4H) depending on how market opens i will place a sell stop entry at 1.6740
and see if the falling trend line holds

Attachment

Short at 1.6725
Stop at 1.6900

will add more if it goes above 1.68
Some drink at the fountain of knowledge. Others just gargle !
  • #182,998
  • Nov 16, 2009 12:21am Nov 16, 2009 12:21am
Quoting malcolmb14
...thereis talk of dj going 30 % higher yet in 2010 , with unemployment going to 13% ... lol ....someone is telling lies .. and with weekly bear div rsx and 2000 point rise from when that divergence started markets will come off , as stated before starting in 1st quarter of next year

another 3 bansk went down this week costing fdic 1 billion .... see that on cnbc ? NO that is 5.5 billion hit to fdic in last 3 weeks. Main stream does not even know ambac or cit filed for chapter 11 ... any US citizens ask your buddies who do not trade if they knew...
You are right, gov is reporting only the favorable U3, and that's what the average Joe is believing. But the real rate is U6, and it's 17.5% as of now... aahhhm last month.

Seismo

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There are three kind of lies: lies, damned lies and statistics.
  • #182,999
  • Nov 16, 2009 12:45am Nov 16, 2009 12:45am
Quoting Magix
15m now alive, if we kick the OSMA into positive turf for the 30m chart, I might not be getting much sleep tonight!

CHA CHING!
Looks like the next 30 min candle could bring that OSMA positive. Now If that heats up the hourly!!!!

Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,000
  • Nov 16, 2009 12:48am Nov 16, 2009 12:48am
Quoting Seismograph
You are right, gov is reporting only the favorable U3, and that's what the average Joe is believing. But the real rate is U6, and it's 17.5% as of now... aahhhm last month.

Seismo

Attachment
Ignore U6, look at the ShadowStats count (in blue)!

from shadowstats.com

http://www.shadowstats.com/imgs/sgs-emp.gif
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