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Cable Update (GBPUSD)

  • #226,241
  • May 13, 2010 3:14am May 13, 2010 3:14am
Quoting The Magician
hmmm, stopped out at BE. looking for new entry.

The moderators always delete my comment, but I wanted to say that watch out, there was the H3 short line on Camarilladt
  • #226,242
  • May 13, 2010 3:17am May 13, 2010 3:17am
more pigs than pros I guess?

Quoting forexlion
pure fundamentals

weak currency = more earning from exports - good trade balance = cable north

we have trade balance news coming in 2 hours

pros are buying on this concept, pigs are selling as usual
"The real genius is knowing when to stop." - Marc Faber
  • #226,243
  • May 13, 2010 3:22am May 13, 2010 3:22am
Quoting jimmyloz
http://nsa14.casimages.com/img/2010/...5122386000.jpg

http://www.casimages.com/img.php?i=1...5122386000.jpg


good vibes ;o) ok traders ?
http://nsa14.casimages.com/img/2010/...2036978937.jpg

http://www.casimages.com/img.php?i=1...2036978937.jpg

good luck
  • #226,244
  • Edited 3:48am May 13, 2010 3:24am | Edited 3:48am
Quoting SummerJam
The moderators always delete my comment, but I wanted to say that watch out, there was the H3 short line on Camarilladt
Thanks buddy. No harm done. Never mind breaking even so long as I don't lose. Very strict with my stops. Preservation of capital is the most important aspect of trading for me.

Flat now, waiting for some clear direction.

trade deficit gap bigger than expected. Breaking out to downside.

4720?
  • #226,245
  • May 13, 2010 3:44am May 13, 2010 3:44am
Quoting hhitch
more pigs than pros I guess?
yes indeed , and a prediction if taken turns into a predicament
  • #226,246
  • May 13, 2010 3:55am May 13, 2010 3:55am
L3 level is at 1.4770, where we should close shorts and go long... according to Camarilladt. I have started testing this system today, and the reverse happend at exactly the H3 level, so it's 100% efficient so far ... lol just kiddin'




Quoting The Magician
Thanks buddy. No harm done. Never mind breaking even so long as I don't lose. Very strict with my stops. Preservation of capital is the most important aspect of trading for me.

Flat now, waiting for some clear direction.

trade deficit gap bigger than expected. Breaking out to downside.

4720?
  • #226,247
  • May 13, 2010 3:55am May 13, 2010 3:55am
Quoting manize
I am not interested talking about thousand of pips, hedge Long and Short at WP 1.4863 for +20 each ! No SL ---> will loss it if forced !
Just back online, + 40 pips gain, enough for today !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #226,248
  • May 13, 2010 3:56am May 13, 2010 3:56am
very true. I think my original ascertainment that the 4hr close beneath the trendline presaged more of a downwards move, may have been the correct one

Quoting digger1
yes indeed , and a prediction if taken turns into a predicament
"The real genius is knowing when to stop." - Marc Faber
  • #226,249
  • May 13, 2010 3:58am May 13, 2010 3:58am
i am loving cable right now lol, out on EUR/USD and EUR/JPY yet i am still in on cable, did something happen that EUR and Pound just fell like a rock now???
  • #226,250
  • May 13, 2010 4:01am May 13, 2010 4:01am
Quoting CoffeeDrinke
i am loving cable right now lol, out on EUR/USD and EUR/JPY yet i am still in on cable, did something happen that EUR and Pound just fell like a rock now???
yep, trade deficit gap caused cable drop
  • #226,251
  • May 13, 2010 4:02am May 13, 2010 4:02am
Quoting The Magician
Asian markets rallying today, greece fears subsiding, parliament problems resolving. PA has broken through 200EMA.

LONG cable at 4888, SL 4860, TP 15000.
Sterling is losing pips by the second! Fundamentals should not affect the day trader apart from NFP and interest rate changes. An excellent post by Cloggie if you missed it -

http://www.forexfactory.com/showthre...28#post3718328

More often than not London does the opposite to the Asian session. Good luck buddy and I hope you got in short!
  • #226,252
  • May 13, 2010 4:05am May 13, 2010 4:05am
Quoting hhitch
very true. I think my original ascertainment that the 4hr close beneath the trendline presaged more of a downwards move, may have been the correct one
believe so , safe to assume there was a slight failure at the daily pivot point lol
Attached Image (click to enlarge)
Click to Enlarge Name: 60 minute.jpg Size: 184 KB
  • #226,253
  • May 13, 2010 4:06am May 13, 2010 4:06am
Quoting bbakker
Sterling is losing pips by the second! Fundamentals should not affect the day trader apart from NFP and interest rate changes. An excellent post by Cloggie if you missed it -

http://www.forexfactory.com/showthre...28#post3718328

More often than not London does the opposite to the Asian session. Good luck buddy and I hope you got in short!
Hi mate, thanks for the link. Yeah bad call first thing, but I got my SL to BE so not worried. Also sneaked a big short in at 807, so 40+ pips in profit right now, with SL at +10. Shaky start, but got my daily pips so happy

Will go read that link now. GL today mate
  • #226,254
  • May 13, 2010 4:09am May 13, 2010 4:09am
Quoting digger1
believe so , safe to assume there was a slight failure at the daily pivot point lolAttachment


Planting finished yet?
  • #226,255
  • May 13, 2010 4:10am May 13, 2010 4:10am
ok hope everyone made profit on this trade, i bet you the boodoo voodoo club was really over killing their charts with needles
  • #226,256
  • May 13, 2010 4:11am May 13, 2010 4:11am
Quoting bbakker


Planting finished yet?
corn is done just starting soy beans , but we have got some rain last few days so here I am lol
  • #226,257
  • May 13, 2010 4:17am May 13, 2010 4:17am
Quoting digger1
corn is done just starting soy beans , but we have got some rain last few days so here I am lol
Nice to have you back buddy! It touched both H3 and L3 already this morning, which one do you think will be fulfilled today? H4 or L4 or will it just bounce between the two?
  • #226,258
  • May 13, 2010 4:19am May 13, 2010 4:19am
Quoting bbakker
Nice to have you back buddy! It touched both H3 and L3 already this morning, which one do you think will be fulfilled today? H4 or L4 or will it just bounce between the two?
would lean towards the L3 to 4 happening not sure wht is up for us news tht may play a part
  • #226,259
  • May 13, 2010 4:23am May 13, 2010 4:23am
Quoting Geppyg
Another Day ..we are still where we were yesterday...lol

See what I mean BB by the current swings....

Still in my trades will wait till the 9:30 news to liquidate now stops are at break even...

Have a good Day mate
Yup, I so adamant that i had it right with my analysis, but i was wrong and cut my loses early.

http://www.forexfactory.com/showpost...stcount=226027

I had been selling since than now have made it all back.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #226,260
  • May 13, 2010 4:27am May 13, 2010 4:27am
Quoting digger1
would lean towards the L3 to 4 happening not sure wht is up for us news tht may play a part
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