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Cable Update (GBPUSD)

  • #187,021
  • Dec 10, 2009 11:58am Dec 10, 2009 11:58am
Hard to be swing traders when there is no trend and the range is epileptic

Think I will sit it out until a direction is established - i mean a macro trend not scalping stuff

Then all you do is buy the dips

Lot easier than this stuff
  • #187,022
  • Dec 10, 2009 12:10pm Dec 10, 2009 12:10pm
1.6230 under bear attack...
  • #187,023
  • Dec 10, 2009 12:13pm Dec 10, 2009 12:13pm
Quoting allserene
Hard to be swing traders when there is no trend and the range is epileptic

Think I will sit it out until a direction is established - i mean a macro trend not scalping stuff

Then all you do is buy the dips

Lot easier than this stuff
With you there brother!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,024
  • Dec 10, 2009 12:17pm Dec 10, 2009 12:17pm
Quoting louisripley
Hi all - my first post on here although i have been reading and trading for a while.

I've been playing with cable for the past few days - i've had some ups and downs.........

Anyway the one thing that gives me some confidence in my current longs is the bounce off the 100 day EMA yesterday and today on my daily chart. Also when I look back to 13th October it did exactly the same and rallied on upwards 600 pips over the next 7 days. The 100 EMA seems to be pretty stong. Cable has also bounced from the 6180's several times over the past 2 months...
Welcome to the thread.

Don't feel you are completely invisible when no one responds
to your first post, but you must understand most traders here
are self absorbed in their grief or greed. LOL

I would suggest you post a chart showing your findings and you
will more likely be recognized. Here's a daily chart with both a
100ema and 100sma and I don't see either as a point of support
in a long position. Might serve as a point of resistance but then
perhaps I'm missing your point.

Now the 200ema (aqua) comes into play.

Dr. D.
Attached Image
  • #187,025
  • Dec 10, 2009 12:29pm Dec 10, 2009 12:29pm
Quoting fourxtrader
Welcome to the thread.

Don't feel you are completely invisible when no one responds
to your first post, but you must understand most traders here
are self absorbed in their grief or greed. LOL

I would suggest you post a chart showing your findings and you
[color=blue][i][color=blue][i]will...

I like the 200EMA...It plays so well with cable...Here is the current 1m chart showing the power of the 200EMA.

Thanks again Turvey!
Attached Image (click to enlarge)
Click to Enlarge Name: 1m.GIF Size: 21 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,026
  • Dec 10, 2009 12:41pm Dec 10, 2009 12:41pm
Quoting Magix
I like the 200EMA...It plays so well with cable...Here is the current 1m chart showing the power of the 200EMA.

Thanks again Turvey!

Any time Bro, Spread the WORD lets all make lots of money and bankrupt the banks AGAIN

Can we also have a aplause for 600sma and 1440sma both also create killer setups and the 55ema for fast moving markets as a entry point.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #187,027
  • Dec 10, 2009 12:46pm Dec 10, 2009 12:46pm
Quoting KwAAkS
1.6230 under bear attack...

must first overcome strong
and then there is also support to 6220
farther down there is just south
  • #187,028
  • Dec 10, 2009 1:03pm Dec 10, 2009 1:03pm
Quoting fourxtrader
Welcome to the thread.

Don't feel you are completely invisible when no one responds
to your first post, but you must understand most traders here
are self absorbed in their grief or greed. LOL

I would suggest you post a chart showing your findings and you
[color=blue][i][color=blue][i]will...
Many thanks for your response - i must apologize i meant 200 SMA!!!

First lesson i suppose, get my facts right

Thanks again for confirming there is some truth in my logic and i take your note about posting charts.

I remain long so here is hoping for an explosion northwards !
  • #187,029
  • Dec 10, 2009 1:05pm Dec 10, 2009 1:05pm
Quoting extraneo
must first overcome strong
and then there is also support to 6220
farther down there is just south
both cable and euro heading towards pivots now. let's see.
at least bull are doing their job.
  • #187,030
  • Dec 10, 2009 1:08pm Dec 10, 2009 1:08pm
Exited 2 here, holding 2...
Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,031
  • Dec 10, 2009 1:12pm Dec 10, 2009 1:12pm
cable goes north?
  • #187,032
  • Dec 10, 2009 1:13pm Dec 10, 2009 1:13pm
exit last 2 here...will wait for pull back and direction...counter trends...they can be worth a couple of bux.

Attached Image (click to enlarge)
Click to Enlarge Name: buy4.GIF Size: 3 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,033
  • Dec 10, 2009 1:19pm Dec 10, 2009 1:19pm
Quoting Magix
Exited 2 here, holding 2...
What indicator magix?
  • #187,034
  • Dec 10, 2009 1:20pm Dec 10, 2009 1:20pm
Quoting glockp10
What indicator magix?
Click method to my madness at bottom...

I splain my charting there...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,035
  • Dec 10, 2009 1:23pm Dec 10, 2009 1:23pm
Finally, it woke up.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddec10.jpg Size: 99 KB
lowest draw down possible please.
  • #187,036
  • Dec 10, 2009 1:24pm Dec 10, 2009 1:24pm
Long 16262 tp 16317
  • #187,037
  • Dec 10, 2009 1:26pm Dec 10, 2009 1:26pm
Quoting Magix
exit last 2 here...will wait for pull back and direction...counter trends...they can be worth a couple of bux.

you closed them very early
  • #187,038
  • Dec 10, 2009 1:27pm Dec 10, 2009 1:27pm
Quoting Magix
exit last 2 here...will wait for pull back and direction...counter trends...they can be worth a couple of bux.


I have the attention span of a gnat and the patience of a child.

and here i thought i wus the only one....

That was funny bro
  • #187,039
  • Dec 10, 2009 1:28pm Dec 10, 2009 1:28pm
Quoting Baby-Trader
you closed them very early
Yeah, I suck...

I going to give the money back to market...

My humbled apologies...

Until I have confirmation on the hourly chart...I am quick to exit counter trends. Once my hourly confirms, I have a lot of time to trade.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,040
  • Dec 10, 2009 1:29pm Dec 10, 2009 1:29pm
Quoting Magix
Exited 2 here, holding 2...
you entry @ 16327
compliments
why do not you have pointed to a higher resistance?
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