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Cable Update (GBPUSD)

  • #183,861
  • Nov 18, 2009 11:00pm Nov 18, 2009 11:00pm
Quoting egkid
The way he use too risky ,He know the direction of trend but need Better entry and exit point will solve this high risk.
Really?

So, we are Long Term Short Trend now?

Based onnnnnnnnnnnnnnnnnnnnnnnn?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,862
  • Nov 18, 2009 11:02pm Nov 18, 2009 11:02pm
Quoting di3seL
Now up, then will sell it near 1.6749
If I may be bold and comment, and say it looks like cable will go higher than 1.6749; especially if news is positive for cable.
  • #183,863
  • Nov 18, 2009 11:12pm Nov 18, 2009 11:12pm
Quoting LetsTrade
If I may be bold and comment, and say it looks like cable will go higher than 1.6749; especially if news is positive for cable.
Dude, never be afraid to be confident in your position.

This is what will make you a great trader!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,864
  • Nov 18, 2009 11:20pm Nov 18, 2009 11:20pm
Quoting Magix
Dude, never be afraid to be confident in your position.

This is what will make you a great trader!
You are right. Confidence is what I struggle with.

Yes, it will go at least to 1.6780 before it turns south again.
  • #183,865
  • Nov 18, 2009 11:24pm Nov 18, 2009 11:24pm
Quoting LetsTrade
You are right. Confidence is what I struggle with.

Yes, it will go at least to 1.6780 before it turns south again.
I am not challenging your trade, but could you please post a chart for us, using your trade logic and targeted areas.

We are all learning.

Thanx Mango!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,866
  • Nov 18, 2009 11:27pm Nov 18, 2009 11:27pm
Looking at previous days, rate of climb (taking the average), cable should hit pivot point of 1.6765 by 10:00 GMT
  • #183,867
  • Nov 18, 2009 11:30pm Nov 18, 2009 11:30pm
Today
I Long again E/G 0.8925
Short G/U 1.6715

GL ALL
  • #183,868
  • Nov 18, 2009 11:31pm Nov 18, 2009 11:31pm
The 6684 asian/overnight low is at the intersection of the broken previous descending potential resistance trend line and ascending potential support trend line on 4hr.

g/L
Attached Image
ex member
  • #183,869
  • Edited Nov 19, 2009 3:47pm Nov 18, 2009 11:32pm | Edited Nov 19, 2009 3:47pm
Thanks, I respect your sentiments/ability as well. The difference of views or "interpretation" of the same thing is what allows us to trade, at least the way I see it.

Don't know if you have said something offensive towards me, don't always read back the thread.

We're cool. I am in agreement with further long sentiment.
I need to see especially, this 6680 area breached then a stack full of other supports as well as prior resistance turned support.

My key dates are (give or take MAE) October 12, Nov 2nd and Nov 12th for further confirmation of trend. I try not to trade against trend, unless I have very valid reasons and will fully accept the loss.

G/L
X-


Quoting Magix
Well worded and great words of advice.

I know we too can sit differently when comes to trading, but at the same time both hope to prosper, if ever I have offended, I would wish you to know that I respect your ability as a trader, and hope the best to your future.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #183,870
  • Nov 18, 2009 11:40pm Nov 18, 2009 11:40pm
buying USD/JPY 88.92 - target 90.50 - but test of 89.60 (bullish channel trading) - see chart
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Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #183,871
  • Edited Nov 19, 2009 12:00am Nov 18, 2009 11:48pm | Edited Nov 19, 2009 12:00am
Definitely short.
1) Day low has been broken;
2) Trend line has been broken;
3) EMA 3, EMA 8 are looking down;
4) My indicator shows down-trend.
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  • #183,872
  • Nov 18, 2009 11:49pm Nov 18, 2009 11:49pm
Quoting jckm
buying USD/JPY 88.92 - target 90.50 - but test of 89.60 (bullish channel trading) - see chart
um..cable thread?
We are the TREND. Resistance is futile...
  • #183,873
  • Nov 18, 2009 11:53pm Nov 18, 2009 11:53pm
Quoting monggo
um..cable thread?
LOL
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,874
  • Nov 18, 2009 11:55pm Nov 18, 2009 11:55pm
So, where the Eff did the drop come from?


We were heading to the sky and then, WHAMMO! Spiked down like Tom Cruise hit us down like a volley ball in top gun, WHY?

Chart PLZ
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,875
  • Nov 18, 2009 11:56pm Nov 18, 2009 11:56pm
added to a wining position - both at BE

Peter
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Jesus Christ is my only Lord !
  • #183,876
  • Nov 18, 2009 11:56pm Nov 18, 2009 11:56pm
Quoting jckm
buying USD/JPY 88.92 - target 90.50 - but test of 89.60 (bullish channel trading) - see chart
I like this trade i'm in but we need to close above 0.89,Watch this 1H close
  • #183,877
  • Nov 19, 2009 12:01am Nov 19, 2009 12:01am
http://bit.ly/KndNP
  • #183,878
  • Edited 12:05am Nov 19, 2009 12:03am | Edited 12:05am
Didn't look to me like there were any buyers at 6680 or 6660. Price cut through, didn't really bounce, and continued moving.

Where are the buyers hiding at? 6600 perhaps?

Z

PS. Don't necessarily see sellers either. Could simply be unwinding of long positions.
I have no biases. I just trade what the charts tell me.
  • #183,879
  • Nov 19, 2009 12:04am Nov 19, 2009 12:04am
Quoting Magix
So, where the Eff did the drop come from?


We were heading to the sky and then, WHAMMO! Spiked down like Tom Cruise hit us down like a volley ball in top gun, WHY?

Chart PLZ
USD index just rallied, took everything down
Price is what you pay. Value is what you get
  • #183,880
  • Nov 19, 2009 12:04am Nov 19, 2009 12:04am
H4 Bollinger Band has been broken too. So I think we're heading to 1,6567 (SMA 20 on Daily timeframe).
I'm short from 1.6681.
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