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Cable Update (GBPUSD)

  • #219,221
  • Apr 19, 2010 7:49am Apr 19, 2010 7:49am
Quoting Bull_Bear
Time to buy cable...

1.5201 SL.. 1.5165 TP.. 1.5320
Closed @ 1.5263
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #219,222
  • Apr 19, 2010 7:50am Apr 19, 2010 7:50am
Ran smack into the weekly Midpivot M1 at 5269. These are week pivots but pair will stall here and may test S2 again. But I see 5300 soon. If not I will keep buying.
  • #219,223
  • Apr 19, 2010 7:51am Apr 19, 2010 7:51am
short 5264!
  • #219,224
  • Apr 19, 2010 7:52am Apr 19, 2010 7:52am
Quoting acumen
http://www.youtube.com/watch?v=GJJGic-zlIY
Thank you Picasso, nice video!
  • #219,225
  • Apr 19, 2010 7:53am Apr 19, 2010 7:53am
Quoting Bull_Bear
Buy EUR...

1.3436 SL.. 1.3490 TP.. 1.3550
CLOSED @ 1.3425

Don't like the EUR weakness and negative correlation with cable.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #219,226
  • Apr 19, 2010 7:55am Apr 19, 2010 7:55am
Quoting free4440273
short 5264!
same here 1.5265....,

Goodluck....
  • #219,227
  • Apr 19, 2010 7:56am Apr 19, 2010 7:56am
Wise words Nene, cheers! One of the problems I often have is going in too large and then bailing too early if it doesn't come good straight away, meaning I close out at a loss just before it reverses. Slowly getting a lot better though! When I was a broker I worked on long term fundamentals so all this short term technical stuff is mostly new to me. As with pawpaw, totally hooked now and looking forward to learning.

Just made a nice few pips on that break up. These markets are slow today!
  • #219,228
  • Apr 19, 2010 7:57am Apr 19, 2010 7:57am
Quoting Bull_Bear
Closed @ 1.5263
Any reason for the premature closure? Has the bear flag completed?

EDIT: You answered it!
  • #219,229
  • Apr 19, 2010 7:57am Apr 19, 2010 7:57am
booked half my position and moved s/l to BE...

Still looking to 5320 but dunno if DP will give at 5290...

IF DP Holds, I'll close my long and enter short selling all the rallies...
@pawpaw1000 on Twitter
  • #219,230
  • Apr 19, 2010 7:57am Apr 19, 2010 7:57am
Quoting bbakker
I miss my MT4. Corporate firewall is blocking my feed. I still haven't got round to sorting this problem out and it is going to be the 1st thing to do on my list! I need it badly as otherwise I am blind as a bat.

On second thoughts, if you do have a long-term long to see 5500, I would think twice about your position. Maybe a look at the d1 and the associated trendlines will help you in your decision.

We touched S3 on the daily pivots (GMT +1). This maybe a point for a retrace, but I am not going to find out! I'd rather wait for the retrace to...
Try use open proxy (google - open proxy) to connect to mt4. Just a precaution, do not use it with your live account (you can never know who own the proxy - just use it for your charting purposes). Hope that helps.
  • #219,231
  • Edited 8:18am Apr 19, 2010 8:07am | Edited 8:18am
Quoting pawpaw1000
booked half my position and moved s/l to BE...

Still looking to 5320 but dunno if DP will give at 5290...

IF DP Holds, I'll close my long and enter short selling all the rallies...
It might have a slim chance of making it, but it depends where the 200ema is on the 30min chart! BTW, that is a voodoo boodoo call from Magix. As soon as it touches that, we will be going down again!

Remember I have no MT4. I will check out the Google proxies if not blocked!
  • #219,232
  • Apr 19, 2010 8:09am Apr 19, 2010 8:09am
Quoting bbakker
Any reason for the premature closure? Has the bear flag completed?

EDIT: You answered it!
I was banking on the EUR smashing it up rather cable.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 111 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #219,233
  • Apr 19, 2010 8:11am Apr 19, 2010 8:11am
Quoting Nene
But I do both, but I don't advise it unless you got $$$$$$$$

when you scale iin do you increse your position size?

what is you % SL if price goes to it?
  • #219,234
  • Apr 19, 2010 8:12am Apr 19, 2010 8:12am
Quoting Bull_Bear
I was banking on the EUR smashing it up rather cable.
Lower right shoulder now developing on GU?

EDIT: Hardly no retrace on EU, but a gradual decline into oblivion!
  • #219,235
  • Apr 19, 2010 8:13am Apr 19, 2010 8:13am
Quoting bbakker
Any reason for the premature closure? Has the bear flag completed?
is a logical exit point. nice trading BB.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.JPG Size: 170 KB
  • #219,236
  • Apr 19, 2010 8:15am Apr 19, 2010 8:15am
Quoting bbakker
It might have a slim chance of making it, but it depends where the 200ema is on the 30min chart! BTW, that is a voodoo boodoo call from Magix. As soon as it touches that, we will be going down again!

Remember I have no MT4. I will check out the Google proxies if not blocked!
I added to my short blindly @15260. Hey people, we are in a downtrend. I'd rather sell than be buying right now
  • #219,237
  • Apr 19, 2010 8:16am Apr 19, 2010 8:16am
Quoting bbakker
Lower right shoulder now developing on GU?

EDIT: Hardly no retrace on EU, but a gradual decline into oblivion!
No baker, my reason for exiting...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #219,238
  • Apr 19, 2010 8:19am Apr 19, 2010 8:19am
Quoting bbakker
I added to my short blindly @15260. Hey people, we are in a downtrend. I'd rather sell than be buying right now
We are making new high with no lower low, in 4h and daily, I wouldn't call it a downtrend as yet. Still bullish bias..
  • #219,239
  • Apr 19, 2010 8:21am Apr 19, 2010 8:21am
Quoting A-speculator
Try use open proxy (google - open proxy) to connect to mt4. Just a precaution, do not use it with your live account (you can never know who own the proxy - just use it for your charting purposes). Hope that helps.
All open proxies blocked.... well I do work for a software company in the IT industry! Need to get my thinking hat on to bypass this. I will get there people... I have plenty of tricks up my sleeve!
  • #219,240
  • Apr 19, 2010 8:21am Apr 19, 2010 8:21am
New idea:

Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 33 KB
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