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Cable Update (GBPUSD)

  • #230,921
  • Jun 9, 2010 9:36pm Jun 9, 2010 9:36pm
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 9:36pm Jun 9, 2010 9:36pm
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 9:36pm Jun 9, 2010 9:36pm
Very familiar price movement. Just FYI

Jim
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  • #230,924
  • Jun 9, 2010 9:39pm Jun 9, 2010 9:39pm
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 9:40pm Jun 9, 2010 9:40pm
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 9:48pm Jun 9, 2010 9:48pm
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 9:51pm Jun 9, 2010 9:51pm
This is where we draw the Line as Mature Traders.

No more insults beyond this post.

EG
  • #230,928
  • Jun 9, 2010 9:51pm Jun 9, 2010 9:51pm
Quoting sinner-
This surely is..
sin how's it going bro
in any trade yet?
Thank You
  • #230,929
  • Edited 10:11pm Jun 9, 2010 9:54pm | Edited 10:11pm
short from 4594...down to 4430 area maybe?
  • #230,930
  • Jun 9, 2010 9:54pm Jun 9, 2010 9:54pm
Ok, I'll put the Carrot away, promise.
Attached Image
  • #230,931
  • Jun 9, 2010 10:02pm Jun 9, 2010 10:02pm
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 9, 2010 10:04pm Jun 9, 2010 10:04pm
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.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,933
  • Jun 9, 2010 10:07pm Jun 9, 2010 10:07pm
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 9, 2010 10:08pm Jun 9, 2010 10:08pm
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 9, 2010 10:16pm Jun 9, 2010 10:16pm
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 9, 2010 10:16pm Jun 9, 2010 10:16pm
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 9, 2010 10:18pm Jun 9, 2010 10:18pm
woops, that's not it sorry.
Thank You
  • #230,938
  • Jun 9, 2010 10:19pm Jun 9, 2010 10:19pm
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 9, 2010 10:20pm Jun 9, 2010 10:20pm
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 9, 2010 10:20pm Jun 9, 2010 10:20pm
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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