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Cable Update (GBPUSD)

  • #230,921
  • Jun 9, 2010 11:36pm Jun 9, 2010 11:36pm
Quoting wormboy
w'salam.
Insyallah ada chance kot. Price had just broke topside on the qtr, there'll be a retest, if it holds, then that 640/50 shouldn't be a problem.
Let's see if it can hold the retest to confirm the breakout.
Thanks a bunch.
  • #230,922
  • Jun 9, 2010 11:36pm Jun 9, 2010 11:36pm
Quoting Magix
With ya there brother.

Took 50 on all 4.

Schweeeeeeeeeet!

Took 5m trigger....
maybe GU provide direct flight to 700
Verily, in every difficulties there is relief
  • #230,923
  • Jun 9, 2010 11:36pm Jun 9, 2010 11:36pm
Very familiar price movement. Just FYI

Jim
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  • #230,924
  • Jun 9, 2010 11:39pm Jun 9, 2010 11:39pm
Quoting primzvicious
maybe GU provide direct flight to 700
As long as we keep the daily ranges up...I am all good.

The quick n dirties go from an ez 50 to an ez 200...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,925
  • Jun 9, 2010 11:40pm Jun 9, 2010 11:40pm
Quoting sinner-
This surely is a joke.

Trading? Mutual respect?

I have vouches on both sides of this divider so maybe I can arbitrate:

everyone, ACT YOUR AGE

If this sort of shit was going down at my desk, I promise:

you would all be FIRED

Perhaps you are all long on arsehole futures and trying to pump the market. For the rest of us, trading cable is what makes the money, so let's talk about

TRADING CABLE
i wish all the members in this forum like u mate but some are pain in the but a need to respect them self for other to respect them
  • #230,926
  • Jun 9, 2010 11:48pm Jun 9, 2010 11:48pm
Quoting kill56
i wish all the members in this forum like u mate but some are pain in the but a need to respect them self for other to respect them
News on the wire:

That is life

You will always come across someone diametrically opposed to you. The question is what do you do about it?

There is another question: what should I not do when I come across someone so opposed?

The last few days worth of pages on this thread are a perfect example of what not to do.
  • #230,927
  • Jun 9, 2010 11:51pm Jun 9, 2010 11:51pm
This is where we draw the Line as Mature Traders.

No more insults beyond this post.

EG
  • #230,928
  • Jun 9, 2010 11:51pm Jun 9, 2010 11:51pm
Quoting sinner-
This surely is..
sin how's it going bro
in any trade yet?
Thank You
  • #230,929
  • Edited Jun 10, 2010 12:11am Jun 9, 2010 11:54pm | Edited Jun 10, 2010 12:11am
short from 4594...down to 4430 area maybe?
  • #230,930
  • Jun 9, 2010 11:54pm Jun 9, 2010 11:54pm
Ok, I'll put the Carrot away, promise.
Attached Image
  • #230,931
  • Jun 10, 2010 12:02am Jun 10, 2010 12:02am
Quoting wormboy
w'salam.
Insyallah ada chance kot. Price had just broke topside on the qtr, there'll be a retest, if it holds, then that 640/50 shouldn't be a problem.
Let's see if it can hold the retest to confirm the breakout.
okay, seems like the retest is complete, signalling further move up. First target level is obviously yesterday's hi @4607 followed by 4638.
Let's see how this goes.
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Thank You
  • #230,932
  • Jun 10, 2010 12:04am Jun 10, 2010 12:04am
Quoting joemiami
short from 4572...down to 4430 area maybe?
Showing early signs of a little retrace...for how much...Hard to say. 5m chart.

Possible MACD break...drop below support x.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,933
  • Jun 10, 2010 12:07am Jun 10, 2010 12:07am
Quoting wormboy
sin how's it going bro
in any trade yet?
Orite wormie!

Goings great, BP has been making my week ALL week. Every day no worries sell the FTSE opening markup or just buy daily puts during the markup!

I did avg down my late-last-week trade today at 4597 - which brings my aggregate short 4588.

At current - GBPUSD liquidity provider sentiment is just under 72% net short - according to Dukascopy. The Oanda order book looks a tad different though, and for some reason I can't peek at FXCMs SSI today. Will post put:calls 20MA around London open.
  • #230,934
  • Jun 10, 2010 12:08am Jun 10, 2010 12:08am
Quoting Magix
Showing early signs of a little retrace...for how much...Hard to say. 5m chart.

Possible MACD break...drop below support x.
I Agree,

I see strong 4 hour resistance @ 4607, then a fall to 4507,

then a move higher to 4750 (this i am doubtful of)
  • #230,935
  • Jun 10, 2010 12:16am Jun 10, 2010 12:16am
Quoting sinner-
Orite wormie!

Goings great, BP has been making my week ALL week. Every day no worries sell the FTSE opening markup or just buy daily puts during the markup!

I did avg down my late-last-week trade today at 4597 - which brings my aggregate short 4588.

At current - GBPUSD liquidity provider sentiment is just under 72% net short - according to Dukascopy. The Oanda order book looks a tad different though, and for some reason I can't peek at FXCMs SSI today. Will post put:calls 20MA around London open.
Great to hear sin. Lemme know if you need hand to carry those bags, I charge a small amount for my effort

Here's a peek bro

"GBPUSD - 52% of retail traders are long (long to short ratio is 1.07). . Last week, the ratio was at -1.08 as 52% of open positions were short. Retail has been buying more GBPUSD (long positions are up by 16.0% since last week). In the past, when retail was long and buying more, the GBPUSD has sold off in the following days. The SSI gives us a STRONG SIGNAL TO SELL GBPUSD."
Thank You
  • #230,936
  • Jun 10, 2010 12:16am Jun 10, 2010 12:16am
Quoting Magix
As long as we keep the daily ranges up...I am all good.

The quick n dirties go from an ez 50 to an ez 200...
i rather out here anyway... will find another entry
Verily, in every difficulties there is relief
  • #230,937
  • Jun 10, 2010 12:18am Jun 10, 2010 12:18am
woops, that's not it sorry.
Thank You
  • #230,938
  • Jun 10, 2010 12:19am Jun 10, 2010 12:19am
Quoting primzvicious
i rather out here anyway... will find another entry
Never let the green go red.

Early trigger, and I am playing a quick scalp short...will see what she has to offer, not expecting much, mostly just to stay awake.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,939
  • Jun 10, 2010 12:20am Jun 10, 2010 12:20am
Currently, every time frame below and including 4 hour is in over bought territory, calling for a correction

Daily is still uptrend, weekly is uptrend, monthly is down

So, overall, we should see some push towards 4750 zone after the UK rate news
  • #230,940
  • Jun 10, 2010 12:20am Jun 10, 2010 12:20am
Very wise move M I A......... ur tp is on point look for 4441 then buy to 4700's

Quoting joemiami
short from 4594...down to 4430 area maybe?
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