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Cable Update (GBPUSD)

  • #229,341
  • Jun 1, 2010 1:02pm Jun 1, 2010 1:02pm
me. but gonna wait for the daily to close before i look for a long postion.
  • #229,342
  • Jun 1, 2010 1:04pm Jun 1, 2010 1:04pm
Quoting pawpaw1000
Anyone looking for a retrace?
actually 1.4711 is good resistance if u dare enough, but im looking for 1.4750-1.4777 area
Verily, in every difficulties there is relief
  • #229,343
  • Jun 1, 2010 1:39pm Jun 1, 2010 1:39pm
ive lost my last 12 trades, and i still feel like being a pitbull on a pork chop.

It that just stuborness or is there light at end of the forex tunnel.
  • #229,344
  • Jun 1, 2010 1:41pm Jun 1, 2010 1:41pm
hi alll

nice ride up and down hope every body in the green
  • #229,345
  • Jun 1, 2010 1:55pm Jun 1, 2010 1:55pm
Short From 1.47.... SL @ BE no TP... -> Huuuuuuge Bearish Gartley on H4
  • #229,346
  • Jun 1, 2010 2:05pm Jun 1, 2010 2:05pm
Quoting kill56
hi alll

nice ride up and down hope every body in the green
Hey Kill!

Not much time for trading at the moment, but I just opened a long-term short @1.4668 SL @1.4727 and TP @1.4490. R/R around 3:1. I could be wrong but lets see how it goes!
  • #229,347
  • Jun 1, 2010 2:09pm Jun 1, 2010 2:09pm
Quoting cloggie
A couple of observations here. One, why would anyone follow any trading signal provider is beyond me, if they were so good in their tradecalls they would keep it to themselves and become wealthy beyond imagination. Just because they publish tradecalls should indicate to anyone that they need to be taken with a pinch of salt. On any given day one can find thousands of calls made out there available to anyone with an internet connection, 50% of them calling longs, 50% of them calling short. Two, anyone following a trade signal service as their only...


People... please, please, please listen to these words of wisdom and take heed!
  • #229,348
  • Jun 1, 2010 2:15pm Jun 1, 2010 2:15pm
Quoting bbakker
Hey Kill!

Not much time for trading at the moment, but I just opened a long-term short @1.4668 SL @1.4727 and TP @1.4490. R/R around 3:1. I could be wrong but lets see how it goes!
not bad i think its moving sand we are in cady did help the move up still bearish
  • #229,349
  • Jun 1, 2010 2:24pm Jun 1, 2010 2:24pm
Quoting cloggie
A couple of observations here. One, why would anyone follow any trading signal provider is beyond me, if they were so good in their tradecalls they would keep it to themselves and become wealthy beyond imagination. Just because they publish tradecalls should indicate to anyone that they need to be taken with a pinch of salt. On any given day one can find thousands of calls made out there available to anyone with an internet connection, 50% of them calling longs, 50% of them calling short. Two, anyone following a trade signal service as their only...
wise advice from a great trader
  • #229,350
  • Jun 1, 2010 2:40pm Jun 1, 2010 2:40pm
Quoting cloggie
A couple of observations here. One, why would anyone follow any trading signal provider is beyond me, if they were so good in their tradecalls they would keep it to themselves and become wealthy beyond imagination. Just because they publish tradecalls should indicate to anyone that they need to be taken with a pinch of salt. On any given day one can find thousands of calls made out there available to anyone with an internet connection, 50% of them calling longs, 50% of them calling short. Two, anyone following a trade signal service as their only...
A little beginner trader since 2006
  • #229,351
  • Jun 1, 2010 2:49pm Jun 1, 2010 2:49pm
es and dow are fooked lets see where they close tonight
  • #229,352
  • Jun 1, 2010 2:57pm Jun 1, 2010 2:57pm
Quoting alex1976
ive lost my last 12 trades, and i still feel like being a pitbull on a pork chop.

It that just stuborness or is there light at end of the forex tunnel.
sorry to hear that. This is a nice help posted by bbaker

http://www.forexfactory.com/showpost...stcount=226173
  • #229,353
  • Jun 1, 2010 3:12pm Jun 1, 2010 3:12pm
criminal and civil probe into BP knocked the markets good and properer .

http://www.reuters.com/article/idUSTRE6505TF20100601
  • #229,354
  • Jun 1, 2010 3:37pm Jun 1, 2010 3:37pm
hi guys

here's the W1 on cable posted yesterday :
1. http://www.forexfactory.com/showpost...postcount=7050

unless scalping, be careful selling. The divergence seems to be kicking in, & if it does stay that way there probably are a few hundred pips more to the upside. Just a thought.

Good luck.
Thank You
  • #229,355
  • Jun 1, 2010 4:07pm Jun 1, 2010 4:07pm
It is more likely to go up to around 1.47, and after that, it might have potentially to go down to around 1.46.
(Current Price: 1.4650)
A little beginner trader since 2006
  • #229,356
  • Jun 1, 2010 5:02pm Jun 1, 2010 5:02pm
Quoting bbakker
Hey Kill!

Not much time for trading at the moment, but I just opened a long-term short @1.4668 SL @1.4727 and TP @1.4490. R/R around 3:1. I could be wrong but lets see how it goes!
Digger's cam lines show DP @1.4603 and L4 @1.4492, so not being greedy, I have changed my TP to 1.4495. 5 pip shorter than my original plan, but it ties in with Digger's cam lines as I put the trade on before they were calculated.

Cross pair analysis between GU, EU and EG shows that EU is the better pair to be shorting at this time, but I have put all my eggs in one basket and shorted both of them. Saying that, I do have a smaller TP for GU

Good luck with your trades people and hope you get some greenies.
  • #229,357
  • Jun 1, 2010 5:08pm Jun 1, 2010 5:08pm
Quoting bbakker
Digger's cam lines show DP @1.4603 and L4 @1.4492, so not being greedy, I have changed my TP to 1.4495. 5 pip shorter than my original plan, but it ties in with Digger's cam lines as I put the trade on before they were calculated.

Cross pair analysis between GU, EU and EG shows that EU is the better pair to be shorting at this time, but I have put all my eggs in one basket and shorted both of them. Saying that, I do have a smaller TP for GU

Good luck with your trades people and hope you get some greenies.

same here

fiber is sweet
Attached Image (click to enlarge)
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  • #229,358
  • Jun 1, 2010 5:13pm Jun 1, 2010 5:13pm
Quoting bbakker
Digger's cam lines show DP @1.4603 and L4 @1.4492, so not being greedy, I have changed my TP to 1.4495. 5 pip shorter than my original plan, but it ties in with Digger's cam lines as I put the trade on before they were calculated.

Cross pair analysis between GU, EU and EG shows that EU is the better pair to be shorting at this time, but I have put all my eggs in one basket and shorted both of them. Saying that, I do have a smaller TP for GU

Good luck with your trades people and hope you get some greenies.

I closed my short earlier at 4644 and giving this PA the quick once over I feel that this retrace has been completed for now. TY may do its usual and give us a deeper retrace but it looks like SY wants to test the high again first. Just keep a close eye on those stops. I am flat for now and am done for the day.
  • #229,359
  • Jun 1, 2010 5:32pm Jun 1, 2010 5:32pm
After a little dip last night for London open, looks like we regained support and continued the move up the ladder getting into the H4 resistance range.

http://www.forexfactory.com/showpost...stcount=229267

First chart, forecast...

Second chart, updated...

A continuation of play could very well shoot us to the H4 target and if its traveling companion GBP/JPY arrives at about the same time, could send in the H4 sherpa sale for NFP mid to EOW retesting the 42's for support.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: h4cableupd.jpg Size: 115 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #229,360
  • Jun 1, 2010 5:36pm Jun 1, 2010 5:36pm
Quoting alex1976
ive lost my last 12 trades, and i still feel like being a pitbull on a pork chop.

It that just stuborness or is there light at end of the forex tunnel.
Just a matter of timing, patience and direction.

It will come together.

When you find yourself in a bit of a bad streak, the inclination is to get back at market, the pitbull on the pork chop...this my friend can lead to a lot more red in the account. Sometimes it's best to sit out for a bit, collect yourself, wait for the next swell and ride the tide.

There's always going to be more market, a play always in the making.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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