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Cable Update (GBPUSD)

  • #206,421
  • Mar 16, 2010 8:06am Mar 16, 2010 8:06am
http://forex.timezoneconverter.com/i...aris&refresh=5
@pawpaw1000 on Twitter
  • #206,422
  • Mar 16, 2010 8:06am Mar 16, 2010 8:06am
Quoting TerpFan2
Gotcha AntiC,
I was just gonna say that... It would HAVE to be a,
"Quick Smash & Grab" of the Candy store Window!
-Though yeah, she can fall,

Here goes the 9-O'Clock Candle,
Let's see where she goes to...
Maybe a "Tripple Top", by a pip-higher! !
Ahh...
What a Game !
Again, 'Best of Pipping,

Jeff !
no no no,,,, we dont need a triple top now!!!!!
  • #206,423
  • Mar 16, 2010 8:06am Mar 16, 2010 8:06am
what is your opinion to start to select a stong points in cable way

i will be the first 5150 is very strong

what is the next?????
  • #206,424
  • Mar 16, 2010 8:10am Mar 16, 2010 8:10am
Quoting No Stress
New short position opened 1.5042 SL 1.5073 TP 1.4979 as first target. Suspecting (means not sure) 1.4897 and maybe 1.4781 destinaion for GU, but waiting for confirmation when 1.4996 will be crossed and 1.49731 will be without hard resistance. We will see. Maybe i'm wrong, but position are already opened.

Good trading for all.
Morning All,

Still holding this only position and SL did not caught during the night ( It was too near to do it!!!!! Not like yesterday GU hit my SL by 2 pips only!).

We'll see how GU will react at yesterday south direction.

Good trading for all.


Position closed at exact TP point. Unfortunately, Problem with Trading station from the morning and could not see and take profit of long. Coming back finally to trade.

Short 2 positions 1.5141 and 1.51337, SL 50 pips at 1.51837, TP 1.4897 and 1.4825.

Good trading fro all.
No Signal, No Trade. No fundamenals, No headache.
  • #206,425
  • Mar 16, 2010 8:14am Mar 16, 2010 8:14am
Quoting egymedo
what is your opinion to start to select a stong points in cable way

i will be the first 5150 is very strong

what is the next?????
My Daily R1 level is 1.5160...
  • #206,426
  • Mar 16, 2010 8:14am Mar 16, 2010 8:14am
Quoting solrac
no no no,,,, we dont need a triple top now!!!!!
Solrac,
I'm only kidding...
This game is for those, way more patient then us,
my friend...

I bet we see those "Weekly-Test's",
of Opens, etc, etc, Like the 1.5180's 90's etc,
That are bantered about on the thread, earlier here.

-It's only gotta take some time.
Again,
I don't know -trade your own chart or wait it out 'till FOMC.
The rest are making money UP and Down.
I just would HATE to get stuck in a short now!
Wish 'Best,

Jeff !
I will work to Objectively Identify my Edges
  • #206,427
  • Mar 16, 2010 8:18am Mar 16, 2010 8:18am
Quoting Reznik
Got to say this again... "You see what you want to see but if you wait the Chart will tell you a tale"
I think you may have missunderstood me, I meant in a smash and grab scenario, not a long term trade at all, had I been on the sell at that level I would have been out at + 30 with a stop of about 12 pips away from entry.

Not looking for an 80 pip move there at all, anyway I missed it so I have not entered at all.
  • #206,428
  • Mar 16, 2010 8:18am Mar 16, 2010 8:18am
Quoting antic81
Stopped looking at just the 5 min chart and started looking at the daily and hourly and getting my signal on the 15, sometimes I use a breakout, but mostly I use Fibs on the retracement, like this morning, we have a perfect example of how I would have been burned had I been using my old method, we had a nice break up, so I would have longed, then bang down she went, instead, I waited and saw the real move, I only took 66 pips, but that was good enough, then shorted again and got another 25 during the early...


Hello ant,

I saw this post of yours and was rather intrigued. I'm very new to this, and trade breakouts using bollinger bands and Dr D's EMA compressions.
What I am interested in is the spike-up-then-down-fall you mentioned. I've seen this quite a few times on the cable. Its a small retrace to the one direction, then a steamroller in the opposite direction for 100+ pips.

This doesnt happen all the time, so I get burned whenever they do. Could you please enlighten me, why does this happen? You mentioned fibs; is it some kind of fibs retrace? Is there anything I can read that will shed more light on this?

Sorry if I sound like an idiot, I'm a complete newbie at this and am learning every day.
  • #206,429
  • Mar 16, 2010 8:20am Mar 16, 2010 8:20am
Quoting No Stress
Morning All,

Still holding this only position and SL did not caught during the night ( It was too near to do it!!!!! Not like yesterday GU hit my SL by 2 pips only!).

We'll see how GU will react at yesterday south direction.

Good trading for all.


Position closed at exact TP point. Unfortunately, Problem with Trading station from the morning and could not see and take profit of long. Coming back finally to trade.

Short 2 positions 1.5141 and 1.51337, SL 50 pips at 1.51837, TP 1.4897 and 1.4825.

Good trading fro all.
Same TP (4825) but i am in from 24!
  • #206,430
  • Mar 16, 2010 8:23am Mar 16, 2010 8:23am
mmm... this is nerve wrecking.

You guys that are long must also be sweating???

no one really knows where the market is going at this point...
@pawpaw1000 on Twitter
  • #206,431
  • Mar 16, 2010 8:26am Mar 16, 2010 8:26am
Quoting DanPa
Same TP (4825) but i am in from 24!
I could be wrong, SL is here. We'll see.
No Signal, No Trade. No fundamenals, No headache.
  • #206,432
  • Mar 16, 2010 8:29am Mar 16, 2010 8:29am
Quoting No Stress
I could be wrong, SL is here. We'll see.
that's why i have sl 5173! i will add there (70 area) if i will see it.
  • #206,433
  • Mar 16, 2010 8:29am Mar 16, 2010 8:29am
just so I can learn, would you see the current 5min setup as a bull flag or something else?
@pawpaw1000 on Twitter
  • #206,434
  • Mar 16, 2010 8:31am Mar 16, 2010 8:31am
gotta go train again

good luck to all whatever happens...

Lets hope the bears can grab the wheel until fomc...

see ya in 2 hours
@pawpaw1000 on Twitter
  • #206,435
  • Mar 16, 2010 8:34am Mar 16, 2010 8:34am
Faagget about it -Dow & Futures...
&- Pending Rate Decision,

Gonna Push Cable Higher here,
I bet....
Ya Think?!

Jeff...
I will work to Objectively Identify my Edges
  • #206,436
  • Mar 16, 2010 8:36am Mar 16, 2010 8:36am
Quoting TerpFan2
Solrac,
I'm only kidding...
This game is for those, way more patient then us,
my friend...

I bet we see those "Weekly-Test's",
of Opens, etc, etc, Like the 1.5180's 90's etc,
That are bantered about on the thread, earlier here.

-It's only gotta take some time.
Again,
I don't know -trade your own chart or wait it out 'till FOMC.
The rest are making money UP and Down.
I just would HATE to get stuck in a short now!
Wish 'Best,

Jeff !
thanks mate
  • #206,437
  • Mar 16, 2010 8:40am Mar 16, 2010 8:40am
Longs Win...

"FOR NoW"...!
I will work to Objectively Identify my Edges
  • #206,438
  • Mar 16, 2010 8:49am Mar 16, 2010 8:49am
Quoting TerpFan2
Longs Win...

"FOR NoW"...!
Please ignore my earlier message,,,,,,,,,,,
  • #206,439
  • Mar 16, 2010 8:59am Mar 16, 2010 8:59am
target hit.

http://www.forexfactory.com/showpost...stcount=206353
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  • #206,440
  • Mar 16, 2010 9:04am Mar 16, 2010 9:04am
Wonder any more people can poll here for profit factor. Not many people have polled so far:
http://www.forexfactory.com/showthread.php?t=225315
cheers,
452 traders viewing now, 1 is registered:
CPUmice