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Cable Update (GBPUSD)

  • #224,381
  • May 6, 2010 11:09am May 6, 2010 11:09am
Quoting A-speculator
Bro, GJ aku rasa dah smpi significant support la... took small long @ 137.20.

Sorry, I'm so lazy to edit the chart... the level that I'm talking about is the 61.8% fibo... eheheh

I think okay kot bro.
GY fell 500 pips/day before & retraced 300 pips the next day.
Hope it turns that way again for you
Thank You
  • #224,382
  • May 6, 2010 11:17am May 6, 2010 11:17am
Quoting wormboy
I think okay kot bro.
GY fell 500 pips/day before & retraced 300 pips the next day.
Hope it turns that way again for you
x tunggu the next day la.. dah cash in pun..

tp aku pending blk are tu la..
  • #224,383
  • May 6, 2010 11:17am May 6, 2010 11:17am
Quoting fxoxford
once the dust clears we could see 1.4900. i was holding 7 lots at 1.5286 took 5 lots at 1.5095, gonna hold my last 2 lots till 1.4900 with s/l at breakeven. good luck to all
t/p hit im out for the week, good luck to those that went long
  • #224,384
  • May 6, 2010 11:17am May 6, 2010 11:17am
Quoting cloggie
I do feel sorry for anyone not making money on days like today (NOT), just selling all european crosses across the board at London Open would have made serious money.

I want to start buying some of these but am going to wait til monday. For now I am selling every touch of the ma's
Even I made money!!! Total of 30 pips on cable and 12 on fibre. This includes my last trade that netted me a -52 pips because I figured that most of todays movements were gonna be based soley on news. Kicking myself for once again letting emotions and dollar signs take over. I stupidly sold the bottom support of fibre at 2650, then didn't put a sl on and wen't to the bathroom.
Now I'm trying to figure how to change my mt4 settings to show pips instead of profit/loss because I think this may help a little. Anyways, pretty good morning overall for me.
Waiting for a place to enter a short.
  • #224,385
  • May 6, 2010 11:18am May 6, 2010 11:18am
Loving eur/yen -- multiple entries with a one/two minute time frame!
  • #224,386
  • May 6, 2010 11:19am May 6, 2010 11:19am
Quoting Ineedpips9
Even I made money!!! Total of 30 pips on cable and 12 on fibre. This includes my last trade that netted me a -52 pips because I figured that most of todays movements were gonna be based soley on news. Kicking myself for once again letting emotions and dollar signs take over. I stupidly sold the bottom support of fibre at 2650, then didn't put a sl on and wen't to the bathroom.
Now I'm trying to figure how to change my mt4 settings to show pips instead of profit/loss because I think this may help a little. Anyways, pretty good morning overall for...

Right click on the profit column, highlight profit and set "as points" job done.

On days like this setup your favourite short ma and sell the rallys while it acts as resistance on the M5/M15

Caveat: I am not selling this touch with the news that Greece passed the austerity measures and Cable is close to the daily lTL and fibre saw some serious buying at 265 and 270
  • #224,387
  • May 6, 2010 11:21am May 6, 2010 11:21am
Quoting free4440273
Loving eur/yen -- multiple entries with a one/two minute time frame!
It's gonna be a great evening/morning to start whipping cable today -- the day has only begun!
  • #224,388
  • May 6, 2010 11:24am May 6, 2010 11:24am
Quoting cloggie
Right click on the profit column, highlight profit and set "as points" job done.

On days like this setup your favourite short ma and sell the rallys while it acts as resistance on the M5/M15
Thanks a bunch. Hoping this helps keep emotions at bay. I figure it's better to see something like "-18" instead of something like "-$60."

Hey Kill, just wondering, what tf are you using with the voodoo?
  • #224,389
  • May 6, 2010 11:24am May 6, 2010 11:24am
http://news.bbc.co.uk/1/hi/uk_politi...nd/8665251.stm
  • #224,390
  • May 6, 2010 11:30am May 6, 2010 11:30am
Quoting Ineedpips9
Thanks a bunch. Hoping this helps keep emotions at bay. I figure it's better to see something like "-18" instead of something like "-$60."

Hey Kill, just wondering, what tf are you using with the voodoo?

from m1 m5 m16 all the way up

for hit and run m5 m15
  • #224,391
  • May 6, 2010 11:30am May 6, 2010 11:30am
Quoting cloggie
Caveat: I am not selling this touch with the news that Greece passed the austerity measures and Cable is close to the daily lTL and fibre saw some serious buying at 265 and 270
Yea my last fibre really put me in a bad mood. Kinda like when I use to have a bad day on the pitch.

Anyways, does anyone else see the nice little setup on the usdchf 5min chart?
  • #224,392
  • May 6, 2010 11:32am May 6, 2010 11:32am
Quoting fxoxford
t/p hit im out for the week, good luck to those that went long
Great Job, Kevin ! Taking day off ? I am a bit more greedy - want to see how low can we go ?
Have a good weekend !
  • #224,393
  • May 6, 2010 11:32am May 6, 2010 11:32am
Quoting Ineedpips9

Anyways, does anyone else see the nice little setup on the usdchf 5min chart?

Long entry on the M5, still a short on the M15, selling of the resistance. First one at 1.1246, next at 1.1133, this one being sold of the 1.1121.

So if you are referring to a long setup on the M5 you would be a contrarian to the the intraday trend, not my kind of strategy. I would wait for a test of 1.1016. I am not saying it won't materialise just not high enough propability in my book. There are easier trades to be had out there.
  • #224,394
  • May 6, 2010 11:33am May 6, 2010 11:33am
Quoting kill56
from m1 m5 m16 all the way up
nice. at last, I'm starting to get in the same frame of mind as more experienced traders.
  • #224,395
  • May 6, 2010 11:37am May 6, 2010 11:37am
man busy with little doodoo he is killen me
  • #224,396
  • May 6, 2010 11:42am May 6, 2010 11:42am
Quoting cloggie
Long entry on the M5, still a short on the M15, selling of the resistance. First one at 1.1246, next at 1.1133, this one being sold of the 1.1121.

So if you are referring to a long setup on the M5 you would be a contrarian to the the intraday trend, not my kind of strategy. I would wait for a test of 1.1016. I am not saying it won't materialise just not high enough propability in my book. There are easier trades to be had out there.
Yea you just described almost exactly what I'm thinking. Seems I missed the long on the m5 by over 2 hours. As far as the short on the m15, I still kinda see this as me kinda guessing where it's going, seeing as I'm still not too comfortable trading off a bounce (i'm assuming you're talking about the bounce off the 24ma).Before, I woulda jumped at the trade. Slowly but surely I'm learning.
  • #224,397
  • May 6, 2010 11:46am May 6, 2010 11:46am
Ah well, back to Cable. Is 4934 strong enough for another test of the low?
  • #224,398
  • May 6, 2010 11:52am May 6, 2010 11:52am
Quoting cloggie
Ah well, back to Cable. Is 4934 strong enough for another test of the low?

mine is 35 45 lets hope it holds
  • #224,399
  • May 6, 2010 11:54am May 6, 2010 11:54am
Don't forget Eyjafjallajokull!

Images show volcano intensifying
http://news.bbc.co.uk/1/hi/sci/tech/8665280.stm
  • #224,400
  • May 6, 2010 11:55am May 6, 2010 11:55am
Quoting bbakker
Don't forget Eyjafjallajokull!

Images show volcano intensifying
http://news.bbc.co.uk/1/hi/sci/tech/8665280.stm

And Katla had its first earthquake yesterday, at least we can spell and pronounce that one without a cut and paste job
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