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Cable Update (GBPUSD)

  • #213,081
  • Edited 2:20pm Apr 5, 2010 2:02pm | Edited 2:20pm
Quoting bbakker
Don't like leaving positions open at night? I don't blame you at the current levels!
Just touched my SL at BE and I'm hopefully expecting a little bit more upside, so let's see what the Asia session brings and hopefully it will be a nice short entry point, unless it sails past 15380, highly unlikely before London opens!
  • #213,082
  • Apr 5, 2010 2:06pm Apr 5, 2010 2:06pm
hey room

back to the grave yard whats new
  • #213,083
  • Apr 5, 2010 2:08pm Apr 5, 2010 2:08pm
Quoting bbakker
Just touched my SL at BE and I'm hopefully expecting a little bit more upside, so let's see what the Asia session brings and hopefully it will be a nice short entry point, unless it sails past 15380, highly unlikely before London open!

Kept the short at 5295 alive, will leave this open overnight, SL 532, TP 518.
  • #213,084
  • Apr 5, 2010 2:08pm Apr 5, 2010 2:08pm
Quoting kill56
hey room

back to the grave yard whats new
Just checking in and see not much has happened! just had a supersize mc meal with 4 jnr cheese burgers... LIVING THE FRENCH DREAM!
@pawpaw1000 on Twitter
  • #213,085
  • Apr 5, 2010 2:13pm Apr 5, 2010 2:13pm
Quoting pawpaw1000
Just checking in and see not much has happened! just had a supersize mc meal with 4 jnr cheese burgers... LIVING THE FRENCH DREAM!
enjoy bro and sweet french dreams
  • #213,086
  • Apr 5, 2010 2:15pm Apr 5, 2010 2:15pm
Quoting cloggie
Kept the short at 5295 alive, will leave this open overnight, SL 532, TP 518.
Fiddling with your SL? The M and H charts have a distinct look upwards and we cleared last week's high. There might be a little bit more upturn before we come down, but putting you SL just above today's high and the resistance is not a bad call.
  • #213,087
  • Apr 5, 2010 2:17pm Apr 5, 2010 2:17pm
Quoting pawpaw1000
Just checking in and see not much has happened! just had a supersize mc meal with 4 jnr cheese burgers... LIVING THE FRENCH DREAM!
You animal! I bet those Jnr Cheesburgers didn't even touch the sides Nothing beats the French cuisine in those French Fries
  • #213,088
  • Edited 2:32pm Apr 5, 2010 2:20pm | Edited 2:32pm
Quoting bbakker
Fiddling with your SL? The M and H charts have a distinct look upwards and we cleared last week's high. There might be a little bit more upturn before we come down, but putting you SL just above today's high and the resistance is not a bad call.

Yeah, convinced it was a good call when I made it, so set SL/TP accordingly and letting it run. Still using my weekly outlook I posted Sunday, a gap opening on sunday eve is meaningless to me, don't do gaps, just using this level as a discount to my trade plan for the week.

Also added a short on fibre at 3483
  • #213,089
  • Apr 5, 2010 2:23pm Apr 5, 2010 2:23pm
Quoting bbakker
Fiddling with your SL? The M and H charts have a distinct look upwards and we cleared last week's high. There might be a little bit more upturn before we come down, but putting you SL just above today's high and the resistance is not a bad call.

hey bro

its a quit market 90 pip for cable and 80 for fiber

a break above 15330 and open above will take us to the moon below we need to break 15224 and open below should take us back to new lows i might be wrong lets play the range and enjoy
  • #213,090
  • Apr 5, 2010 2:26pm Apr 5, 2010 2:26pm
Quoting Baby-Trader
Congratulations.
but you closed toooooo early.

Not everyone is holding to 10.000 like you are.
....

also watch those bonds ... 10 year hit highest yield levels since bull market peak . Interest rates may be on the move soon. NOt so in the UK
Blogging daily now at www.volume.zone
  • #213,091
  • Apr 5, 2010 2:35pm Apr 5, 2010 2:35pm
I tried sending you an email , noit sure if you got it. If not PM me with your email. I think i already know why you are losing money but want to confirm my suspicions.

Do you buy on ultra high volume up bars and sell on ultra high vol down bars ? This is the only way that price will go against you immediately. You think that break out is coming due to the high volume , try to buy and lose instead and cannot work out why.

I would love to get some charts from you , the reasons you took the trades and then I can see what went wrong.
I think a post analysis of the trades you took , may be 10 or so charts / trades , will give you some great tools to work with moving forward.

Let me know if you are interested in this offer. I ask for NOTHING in return other than knowing I helped a fellow trader ( oh yeah and if you become mega rich from my help leave a little for me in the Will ...lol)

Quoting BadTradingFi
Guys First post, just wanted to say Hi and see if I'm just the unluckiest person around (or just stupid). Maybe it's something I'm doing very wrong, but no matter what I do trade wise, it seems to do the complete opposite of what I'm trying to do almost immediately (i.e. I go long and things drop, etc, and usually a trade goes the wrong way and triggers a stop then bounces back the right way and that's annoying!!!). I've made some money, but then lost it (and usually a bit more) on another trade that goes very badly (and a couple of times very very...
Blogging daily now at www.volume.zone
  • #213,092
  • Apr 5, 2010 2:38pm Apr 5, 2010 2:38pm
usd news nfp all good
housing news smoking ...

so now lets look at chart

clear sellers at top of channel 1.5300. We have to wait for next session to see reaction to this. So far I have only seen calls of 1.7000..lol.... that cracked me up but each to their own .

GU could be in this 400 pip wide channel for weeks still .

All I know for now is we saw sellers on NFP . LOW volume testing top iof channel in non existant session last 24 hours and now selling off that channel top on 60 / 30 and 15m in volumes.

At the monent I am looking for further weakness moving forward into the next session until i see osmething oterwise. 1.5250 seems to be key support for now



Attached Image (click to enlarge)
Click to Enlarge Name: chart04b.jpg Size: 145 KB
Blogging daily now at www.volume.zone
  • #213,093
  • Apr 5, 2010 2:42pm Apr 5, 2010 2:42pm
Quoting malcolmb14
Not everyone is holding to 10.000 like you are.
....

also watch those bonds ... 10 year hit highest yield levels since bull market peak . Interest rates may be on the move soon. NOt so in the UK
King has no intensions. Bernanke has already made noises. Certainly don't want to touch those gilts now, thank you, even with those yields.
  • #213,094
  • Apr 5, 2010 2:45pm Apr 5, 2010 2:45pm
i will be trading this sh;;;;;;;;;;;;;;;;;t when i look at dixy hanging above 80. eur under 13500 no way in hell cable is going to break that darn 15330 the hek with it it will come back to me

i might be wrong and i am crazy
  • #213,095
  • Apr 5, 2010 2:45pm Apr 5, 2010 2:45pm
How do you get the fib prices on the same line as your fib ratios?
Nil Desperandum Illegitimi Carborundum
  • #213,096
  • Apr 5, 2010 2:46pm Apr 5, 2010 2:46pm
Something worth bearing in mind; the weekend gap for both GU and GCh has not been filled yet.....

I can see Sterling weakening and fast considering the distance GCh has to travel to close the gap. Could send GU and GJ into a tailspin.

Let's see....
  • #213,097
  • Apr 5, 2010 2:47pm Apr 5, 2010 2:47pm
darn the chart its crackforex i am high
Attached Image (click to enlarge)
Click to Enlarge Name: h1 cable.gif Size: 25 KB
  • #213,098
  • Apr 5, 2010 2:47pm Apr 5, 2010 2:47pm
Quoting kill56
i will be trading this sh;;;;;;;;;;;;;;;;;t when i look at dixy hanging above 80. eur under 13500 no way in hell cable is going to break that darn 15330 the hek with it it will come back to me

i might be wrong and i am crazy
Wrong you are probably not, crazy you definitely are
  • #213,099
  • Apr 5, 2010 2:50pm Apr 5, 2010 2:50pm
Quoting ukdaytrader
Something worth bearing in mind; the weekend gap for both GU and GCh has not been filled yet.....

I can see Sterling weakening and fast considering the distance GCh has to travel to close the gap. Could send GU and GJ into a tailspin.

Let's see....
  • #213,100
  • Apr 5, 2010 2:54pm Apr 5, 2010 2:54pm
Malcolm, I would love to follow along as you help BadTradingFi. If you're open to that, how would it happen? Make it a Rookie or a Journal thread or something?
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