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Cable Update (GBPUSD)

  • #213,461
  • Apr 6, 2010 12:39pm Apr 6, 2010 12:39pm
Quoting tundeakins
Good one from you bro. I wish to know about somethings you are doing right now on your PC with cable. Looking at this chart, I am tired here. But will just want to ask you one question now. What are you doing with cable right now. I am waiting for retracment at 1.5250 before I resume my selling interest. But thig thing will not just get to this points and I am eager to do something now so that I will not miss out in this urge down trend. And now I need your opinion and will like you to give me and give me fast. Waiting for your reply.

This retracement is running out of steam, look at the 150ma on M15 and M30. I expect we are entering a bit of a range, expecially as London is closed and the NY boys are still out for lunch. We ended where we started the day and it may take TY to give us the next impetus to move. I am flat for now, may check tonight around NY close and TY open, but am looking to Franky opening in the morning for another run at 518 and 51.
  • #213,462
  • Apr 6, 2010 12:40pm Apr 6, 2010 12:40pm
Quoting tundeakins
Good one from you bro. I wish to know about somethings you are doing right now on your PC with cable. Looking at this chart, I am tired here. But will just want to ask you one question now. What are you doing with cable right now. I am waiting for retracment at 1.5250 before I resume my selling interest. But thig thing will not just get to this points and I am eager to do something now so that I will not miss out in this urge down trend. And now I need your opinion and will like you to give me and give me fast. Waiting for your reply.
If you are itching to get in my view is why don't you stick in 50% now and then 50% at your preferred entry that way you get best of both worlds
  • #213,463
  • Apr 6, 2010 12:40pm Apr 6, 2010 12:40pm
will dixy on the highs eur on the lows cable is holding its a matter of time no rush relax have a lager
  • #213,464
  • Apr 6, 2010 12:41pm Apr 6, 2010 12:41pm
Tested 200ema again (high 152.41) on 15 min... candle closed below... 61% retracment just above at 152.45 of todays high... we'll see what the FOMC has instore for PA....
  • #213,465
  • Apr 6, 2010 12:41pm Apr 6, 2010 12:41pm
Quoting cloggie
Careful, not all my calls are right. Last night I took a long to see if the DB would complete and lost 40 pips. And not all my calls may suit your trading style, I tend to look for the 50-100 pip runs, and my first rule in trading is preserve the capital, so no trade setup is a trade for me. Rule 2 is that I will never let a green run turn against me. And I do fiddle with SL's and TP's at times, because I see it as another setup when the landscape changes around me.
You've been wrong???
Seriously .. I never follow anyone's calls unless my chart agrees but I definitely learn from those with obvious expertise .. and I do like your Rule 2. Thanks for all the great explanations of your strategies, please continue...
******************* I'd rather make money than be right.
  • #213,466
  • Apr 6, 2010 12:41pm Apr 6, 2010 12:41pm
Quoting OldReigatian
Need this sucker to get down to 1.5175 then I can pack up for the night and relax watching Barca spank the Arsenal. Now there's a trade, Barca to win by 2 goal margin
Soft Southern London side - should be no problema
  • #213,467
  • Apr 6, 2010 12:42pm Apr 6, 2010 12:42pm
Quoting OldReigatian
Need this sucker to get down to 1.5175 then I can pack up for the night and relax watching Barca spank the Arsenal. Now there's a trade, Barca to win by 2 goal margin
Looks like you are a Barca fan. Well let talk about the trading now. Looking on my chart I want top sell but I am just begging this thing to hit 1.5250 and is just too slow for me to get. Well have you renew you own selling interest in cable now or you are still waiting for this too. I want you tell me if you've sell too and see these levels asd a good place to sell. Well, just want to ask you where did you sell and where are you putting you TP.


Then we are going to be watching BARCA arsenal tonight hope we both enjoy it. Waiting your reply.
  • #213,468
  • Apr 6, 2010 12:42pm Apr 6, 2010 12:42pm
Quoting OldReigatian
If you are itching to get in my view is why don't you stick in 50% now and then 50% at your preferred entry that way you get best of both worlds

Why not wait and put in 100% at the level you really want and eat your cake too? Patience is so underrated in trading. I can spend 18 hours behind the screen with no setup and am happy at the end because I preserved my capital and like I said earlier, that is a trade.
  • #213,469
  • Apr 6, 2010 12:44pm Apr 6, 2010 12:44pm
Quoting kill56
will dixy on the highs eur on the lows cable is holding its a matter of time no rush relax have a lager

Well looks like you are cool. And that is good. I like to trade along with cool guys. See me making a good trading decisions. Well are you buying or you are selling right now? Awaiting you response MEN.
  • #213,470
  • Apr 6, 2010 12:45pm Apr 6, 2010 12:45pm
Quoting tundeakins
Well looks like you are cool. And that is good. I like to trade along with cool guys. See me making a good trading decisions. Well are you buying or you are selling right now? Awaiting you response MEN.

Lift your @rse, insert both thumbs and sit down again. Patience kiddo.
  • #213,471
  • Apr 6, 2010 12:46pm Apr 6, 2010 12:46pm
Quoting allserene
Sounds good - the secret of a good party is knowing when to leave
what about if u are so drunk and u cant leave u need a designated driver
  • #213,472
  • Apr 6, 2010 12:49pm Apr 6, 2010 12:49pm
Quoting cloggie
The funny bit was I called it and spend 2 hours justifying it here while the price kept rising and most ignored it and were looking for shorts. Ah well, am not going to give up yet turning these m@r@ns into traders...

Todays lessons:

Lesson 1, write down your fooking trading plan and stick to it
Lesson 2, don't be bloody greedy, a 100 pips as a day trader on one 1 trade is great, don't let it run into a BE or even a loss
Lesson 3, don't argue with the Clogmeister
Lesson 4, if you feel the urge to argue with Cloggie, refer to rule 3
Lesson 5,...
yeah cloggs, I agree...

Seeing as I'll propably be able to apply for refugee status in france soon, I'll have alot of time to spend on my trading!!!

whats you think will be impact of FOMC notes?

Should be good for dollar...
@pawpaw1000 on Twitter
  • #213,473
  • Apr 6, 2010 12:49pm Apr 6, 2010 12:49pm
Quoting tundeakins
Well looks like you are cool. And that is good. I like to trade along with cool guys. See me making a good trading decisions. Well are you buying or you are selling right now? Awaiting you response MEN.
man i am cool but crazy ask the room i am going east for now
  • #213,474
  • Apr 6, 2010 12:50pm Apr 6, 2010 12:50pm
My view the same as i post before 2 days
And Remember we are still bouncing more than 1 month between 1.48 and 1.53 , But Today open in cloud that mean >> Consolidation

Consolidation is a stage where there is not much fluctuation in the price....when the market is consolidating u cannot see any Trend , There are two possibilities after consolidation takes place:- Breakup or Breakdown....

one should wait long enough in order to confirm whether the breakout is for real and then take a position either up or down.
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  • #213,475
  • Apr 6, 2010 12:51pm Apr 6, 2010 12:51pm
Quoting pawpaw1000
whats you think will be impact of FOMC notes?

Should be good for dollar...
Little to no effect, we may see a bit of swings during the release but it should settle down after it. One way to trade news like that is pick the hi-lo 15 min before the trade and the hi-lo swing during the release as a range and trade the breakout from that.
  • #213,476
  • Apr 6, 2010 12:54pm Apr 6, 2010 12:54pm
Quoting cloggie
Little to no effect, we may see a bit of swings during the release but it should settle down after it. One way to trade news like that is pick the hi-lo 15 min before the trade and the hi-lo swing during the release as a range and trade the breakout from that.
Not keen to trade it as I dont think it'll have a lasting effect and dont think it'll move PA that much...

if it can push price up I'd be really happy as am looking for a reason to short

please note i am LOOKING not found ...
@pawpaw1000 on Twitter
  • #213,477
  • Apr 6, 2010 12:56pm Apr 6, 2010 12:56pm
Any Idea ...!?


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  • #213,478
  • Apr 6, 2010 1:00pm Apr 6, 2010 1:00pm
Quoting pawpaw1000
Not keen to trade it as I dont think it'll have a lasting effect and dont think it'll move PA that much...

if it can push price up I'd be really happy as am looking for a reason to short

please note i am LOOKING not found ...

The biggest thing to look for in FOMC is any dissenters.

Edit: Hoenig still dissenting, no change. Could see a bit further weakening of the dollar, next target 5252, room for the long scalpers.
  • #213,479
  • Apr 6, 2010 1:04pm Apr 6, 2010 1:04pm
Quoting tundeakins
Looks like you are a Barca fan. Well let talk about the trading now. Looking on my chart I want top sell but I am just begging this thing to hit 1.5250 and is just too slow for me to get. Well have you renew you own selling interest in cable now or you are still waiting for this too. I want you tell me if you've sell too and see these levels asd a good place to sell. Well, just want to ask you where did you sell and where are you putting you TP.


Then we are going to be watching BARCA arsenal tonight hope we both enjoy it. Waiting your reply....
Hi, I put in a short entry at 1.5225 and set my tp at 1.5175, at this time of day the movements will be slow so don't expect any great rushes up. In all seriousness, don't rush into trades through lack of patience you will only set yourself up for a fall. Trust your own judgement rather than others (although use others as a benchmark/back up to your own thoughts)
  • #213,480
  • Apr 6, 2010 1:05pm Apr 6, 2010 1:05pm
Quoting cloggie
The biggest thing to look for in FOMC is any dissenters.

Edit: Hoenig still dissenting, no change. Could see a bit further weakening of the dollar, next target 5252, room for the long scalpers.
PA is now above all my ma's on almost all my TF's...

will be difficult to justify a sell now. And it is getting late so think I'm game over for the day. 0.5% gain today, and it was 6%!!! too bad for those 70 pips...
@pawpaw1000 on Twitter
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