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Cable Update (GBPUSD)

  • #230,021
  • Jun 4, 2010 1:31pm Jun 4, 2010 1:31pm
Quoting cloggie
This looks a bit more promising, keep an eye on 4477 though, need a solid close below. Don't jump on the fakeout.

That was only a 2 pip close below, not convinced yet of this move down. Am watching the M5/15 closely for further indications of the resupmtion of the trend.
  • #230,022
  • Jun 4, 2010 1:38pm Jun 4, 2010 1:38pm
U say high I say low, U say good bye and I say hello:1.4527
  • #230,023
  • Jun 4, 2010 1:41pm Jun 4, 2010 1:41pm
Quoting cloggie
That was only a 2 pip close below, not convinced yet of this move down. Am watching the M5/15 closely for further indications of the resupmtion of the trend.

She is moving, but this is going to be a slow corkscrew down to 4438 with stepped ranges in between. I am done for today, no volumes left here for my liking and any spike up before the close will end up with a trade likely to gap on Sunday.

Just here for the craig now and to shoot down a few posters in flames... purely for entertainment value of course.
  • #230,024
  • Jun 4, 2010 2:06pm Jun 4, 2010 2:06pm
Up down, i am geting my 10% from the bank on 24 of june. The question is what to do with it: conwert into usd or keep it as it is under 8% yearly
  • #230,025
  • Jun 4, 2010 2:12pm Jun 4, 2010 2:12pm
Quoting vilas
I hope I am wrong but you have sold more or less on the day low. On a daily basis Cable is south bound but it is Friday and late in the day and the hourlies are almost oversold. You should consider the possibility that you may have to leave t he trade open over the weekend.
trailling stop hit at +15.Now, after she decided, to catch my ts, she looks like she is going to my original target.
As I said, it is freaky friday, so couple that with all the news that was announced today, anything could happen. That's why when my trigger and setup came on my 1M tf I tightenned up my sl more than what it usually is.
I only go for 10-30 pip gains max. The probability of my trade being profitable were good for me so I took it.

I just looked at the 1H chart and my outlook tuns out was correct. It hit the L5 SB Target and now is bouncing up. Maybe I'm finally starting to get a better grasp of how pa works.More likely it's just dumb newbie luck.Either way I know I got A LOT more to learn, but at this hour I'm really happy about what I've done the last 2 weeks!

PS: where can I go learn about figuring when certain tf's are oversold?I'd like to learn all that I can.
  • #230,026
  • Jun 4, 2010 2:31pm Jun 4, 2010 2:31pm
Quoting cloggie
I told you, you always get a fake first to sucker in the retailers and as a chance for the bottom pickers to get out. Look at my earlier post, why do I bother posting a warning and caveat if nobody reads it????????

You are letting fear rule your trading, jump on the first move you see because you are so scared you are going to miss the run.
sorry clogs. I missed your post because I was looking at my charts and placing my last trade of the day.Then I was typing my post. I think my post about my trade came up like 5 minutes after your post warning not to make the exact same trade came up.Crazy how it worked out.I usually would've been impatient and closed it out,but something said stick with what you see.Now that I look at it, freaky friday could've easily take the pa to my sl.
Again, sorry I missed that post because you are one of the handful that puts out good, information-heavy insight into what's happenning.You are one of the few I actually do go back to read your old posts on my weekends.

Before, I did let fear rule my trading. It seemed that if I didn't jump on the first move I saw and then looked back after an hour or two, I missed out on a big move.I would then jump in on the first move and when it did fake and go against me for 20 or more pips, fear again would force me to do what i called cutting my losses.Then I would later look and get frustrated to see it wen't back into profit had i just waited to enter after the fake..Slowly but surely learning.
Flat now because I try not to trade within the last 2 hours on fridays, if I trade fridays at all. How'd you do today? Hope all was green.
  • #230,027
  • Jun 4, 2010 2:34pm Jun 4, 2010 2:34pm
will few more pips and dow will be under 9900 es on 1063
  • #230,028
  • Jun 4, 2010 2:35pm Jun 4, 2010 2:35pm
Quoting egkid
Morning all
1- Thanks for the indicator Lion
2- The chart 15 min and that not give clear view for DX At all (in my view)
3- There is still MUCH room to go down in next months G/U and E/U but it's all about your Entry point
Wish happy weekend to ALL
  • #230,029
  • Jun 4, 2010 2:36pm Jun 4, 2010 2:36pm
Quoting egkid
Wish happy weekend to ALL
ditto! take care people
  • #230,030
  • Jun 4, 2010 2:37pm Jun 4, 2010 2:37pm
Quoting egkid
Wish happy weekend to ALL

enjoy have a great one
  • #230,031
  • Jun 4, 2010 2:40pm Jun 4, 2010 2:40pm
enjoy it!!!
Tooo bad they won't!!!!
http://www.nytimes.com/2010/06/05/sp.../05drogba.html
  • #230,032
  • Jun 4, 2010 2:44pm Jun 4, 2010 2:44pm
Quoting kill56
1073.50 low 1072.00

i dont know but i see the dow tonight on 9800's i might be wrong

darn i was wrong
  • #230,033
  • Jun 4, 2010 2:46pm Jun 4, 2010 2:46pm
Quoting kill56
darn i was wrong
It touched 9889
  • #230,034
  • Jun 4, 2010 2:49pm Jun 4, 2010 2:49pm
Quoting cloggie
It touched 9889

the low here 9878 dam 400pips from high to low or i am high

do u see what i see for next week
  • #230,035
  • Jun 4, 2010 2:54pm Jun 4, 2010 2:54pm
Quoting malcolmb14
well so far on drop to major support es we got NO bounce

if 1080 gives way we may see 1060 today 20 points lower


gu has completed ONLY a 140 pip range day average is 190 and on days like today it can move 250

we could see 1.4430 before days end

I am looking for an up move to 4600 and then looking for weakness in that area
sorry I Lied ....lol

have a good weekend all
Blogging daily now at www.volume.zone
  • #230,036
  • Jun 4, 2010 2:57pm Jun 4, 2010 2:57pm
Quoting malcolmb14
sorry I Lied ....lol

have a good weekend all

u did great man and thanks for all the help

did u sell the es

have a great weekend and be good
  • #230,037
  • Jun 4, 2010 2:58pm Jun 4, 2010 2:58pm
Quoting kill56
u did great man and thanks for all the help

did u sell the es

have a great weekend and be good
of course he did!

I thank you too Malc!
  • #230,038
  • Jun 4, 2010 2:59pm Jun 4, 2010 2:59pm
Quoting kill56
u did great man and thanks for all the help

did u sell the es

have a great weekend and be good
yes sold es ysterday at close due to a very classic no demand day. Hecne my comment to forexlion about the $10 bet and the fact that nfp misses and markest tank . Saw this move coming at end of US markets yesterday.

also bought dxd calls .

did not trade fx till today and then only aj for 140 pip ... not much but better than my 40 pip I like to do .
Blogging daily now at www.volume.zone
  • #230,039
  • Jun 4, 2010 3:07pm Jun 4, 2010 3:07pm
Quoting uraceulose
of course he did!

I thank you too Malc!
enjoy the weekend have fun
  • #230,040
  • Jun 4, 2010 3:33pm Jun 4, 2010 3:33pm
Quoting cloggie
She is moving, but this is going to be a slow corkscrew down to 4438 with stepped ranges in between. I am done for today, no volumes left here for my liking and any spike up before the close will end up with a trade likely to gap on Sunday.

Just here for the craig now and to shoot down a few posters in flames... purely for entertainment value of course.

In the end the corkscrew only managed 22 pips, we still got a spike on close so we should see some sort of gap on Sunday.

Have a good weekend all.
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