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Cable Trading (Serious Trading No Jokes)

  • #1
  • First Post: Jun 15, 2010 3:50am Jun 15, 2010 3:50am
Introduction:
Considering the amount of BS being posted on other threads and mud slinging at each other, I was forced to open this thread.

Request to moderators: Kindly do not move this thread, I know there are tons of similar threads, but we need a place where some serious trading is done.

For all thread readers and posters: We will help each other in every possible way to trade better, we will share our thoughts here, with charts and analysis.
  • #2
  • Jun 15, 2010 3:56am Jun 15, 2010 3:56am
Quoting forexlion
Introduction:
Considering the amount of BS being posted on other threads and mud slinging at each other, I was forced to open this thread.

Request to moderators: Kindly do not move this thread, I know there are tons of similar threads, but we need a place where some serious trading is done.

For all thread readers and posters: We will help each other in every possible way to trade better, we will share our thoughts here, with charts and analysis.
Right time too, Lion. The other thread has all gone to dogs.
  • #3
  • Jun 15, 2010 4:05am Jun 15, 2010 4:05am
A view here, will cable bounce off 4700 as the get chart suggested or will it go down all the way to week open ??

http://img149.imageshack.us/img149/1346/70542551.gif
  • #4
  • Jun 15, 2010 4:09am Jun 15, 2010 4:09am
looks to me like its making lower low's so i wont go short until it bounces off 1.4690 at least today
  • #5
  • Jun 15, 2010 4:28am Jun 15, 2010 4:28am
really doesn't look like it wants to go below 4700.

Quoting forexlion
A view here, will cable bounce off 4700 as the get chart suggested or will it go down all the way to week open ??

http://img149.imageshack.us/img149/1346/70542551.gif
"The real genius is knowing when to stop." - Marc Faber
  • #6
  • Jun 15, 2010 4:30am Jun 15, 2010 4:30am
Lion don't you think this price action it like, whacked out? seems like we can't get any serious trend going... do you think this is because it's summer and volume is lighter?
"The real genius is knowing when to stop." - Marc Faber
  • #7
  • Jun 15, 2010 4:34am Jun 15, 2010 4:34am
Quoting hhitch
Lion don't you think this price action it like, whacked out? seems like we can't get any serious trend going... do you think this is because it's summer and volume is lighter?
well Marc Faber had commented in a TV Interview that June/July is seasonal buying period on the dow, he called for 1200 then drop below the lows

so considering that comment, i was expecting some bullishness here

but 4769 happens to be a weekly resistance line, for this current week, and trend is in no hurry to break it.

yes the PA is dicey, I am scalping 1 min charts to be safer
  • #8
  • Jun 15, 2010 4:43am Jun 15, 2010 4:43am
I remember that... interesting... thanks

Quoting forexlion
well Marc Faber had commented in a TV Interview that June/July is seasonal buying period on the dow, he called for 1200 then drop below the lows

so considering that comment, i was expecting some bullishness here

but 4769 happens to be a weekly resistance line, for this current week, and trend is in no hurry to break it.

yes the PA is dicey, I am scalping 1 min charts to be safer
"The real genius is knowing when to stop." - Marc Faber
  • #9
  • Jun 15, 2010 4:44am Jun 15, 2010 4:44am
this is too choppy even on 1 min, for someone trading on 5 min or higher this is nothing less than table tennis

http://img686.imageshack.us/img686/1033/19496561.gif
  • #10
  • Jun 15, 2010 4:51am Jun 15, 2010 4:51am
I have to say man, to me it's like totally nuts

Quoting forexlion
this is too choppy even on 1 min, for someone trading on 5 min or higher this is nothing less than table tennis

http://img686.imageshack.us/img686/1033/19496561.gif
"The real genius is knowing when to stop." - Marc Faber
  • #11
  • Jun 15, 2010 4:55am Jun 15, 2010 4:55am
I think you're right though, 1min scalping has gotta be the way to go in this environment... personally I am more used to getting those nice long 50-80 pip runs like we were getting back in March and April. Trying to do that in this environment just eats you alive... at least for me. unless you really take it on a long term basis. but trying to do it on a daily basis, is very difficult these days

takin a break for a while...

Quoting forexlion
well Marc Faber had commented in a TV Interview that June/July is seasonal buying period on the dow, he called for 1200 then drop below the lows

so considering that comment, i was expecting some bullishness here

but 4769 happens to be a weekly resistance line, for this current week, and trend is in no hurry to break it.

yes the PA is dicey, I am scalping 1 min charts to be safer
"The real genius is knowing when to stop." - Marc Faber
  • #12
  • Jun 15, 2010 5:37am Jun 15, 2010 5:37am
Quoting forexlion
this is too choppy even on 1 min, for someone trading on 5 min or higher this is nothing less than table tennis
Am trading on the 5 min, 20-30pips i'm out. Will do it multiple times, feels better than waiting for 50-70pips move. Correct me if I'm wrong, I still think on the H4, GU will come down though won't be that much...1.4600ish before shooting up. Anyway, well done with the thread Lion.
  • #13
  • Jun 15, 2010 5:47am Jun 15, 2010 5:47am
Quoting hhitch
I think you're right though, 1min scalping has gotta be the way to go in this environment... personally I am more used to getting those nice long 50-80 pip runs like we were getting back in March and April. Trying to do that in this environment just eats you alive... at least for me. unless you really take it on a long term basis. but trying to do it on a daily basis, is very difficult these days

takin a break for a while...
Same here - frustrated - hope things will improve. IMO shorting below 4680 not really the thing to give peace of mind - this takes into A/C my gut feeling which has no charts ! So, no charts, kindly persevere and don't chop me to bits. You might find my gut-feeling as good as GET ! Ha Ha !
  • #14
  • Jun 15, 2010 5:48am Jun 15, 2010 5:48am
no guts, no glory

Quoting vilas
Same here - frustrated - hope things will improve. IMO shorting below 4680 not really the thing to give peace of mind - this takes into A/C my gut feeling which has no charts ! So, no charts, kindly persevere and don't chop me to bits. You might find my gut-feeling as good as GET ! Ha Ha !
"The real genius is knowing when to stop." - Marc Faber
  • #15
  • Jun 15, 2010 5:52am Jun 15, 2010 5:52am
Quoting vilas
Same here - frustrated - hope things will improve. IMO shorting below 4680 not really the thing to give peace of mind - this takes into A/C my gut feeling which has no charts ! So, no charts, kindly persevere and don't chop me to bits. You might find my gut-feeling as good as GET ! Ha Ha !
no worries, just concentrate on cable, everything else aside
  • #16
  • Jun 15, 2010 6:11am Jun 15, 2010 6:11am
6th candle attempting 4769, certainly troubled times

http://img13.imageshack.us/img13/4767/71028638.gif
  • #17
  • Jun 15, 2010 6:22am Jun 15, 2010 6:22am
shorted @ 4764, trying to scalp on M5.
  • #18
  • Jun 15, 2010 6:27am Jun 15, 2010 6:27am
this has been my working chart for a while now... like you say, troubled... that top doesn't look so bullish at all...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-100615.01.gif Size: 41 KB
"The real genius is knowing when to stop." - Marc Faber
  • #19
  • Jun 15, 2010 6:43am Jun 15, 2010 6:43am
Quoting Najee
shorted @ 4764, trying to scalp on M5.
superb place to short
  • #20
  • Jun 15, 2010 6:43am Jun 15, 2010 6:43am
Quoting Najee
shorted @ 4764, trying to scalp on M5.
TP @ 4734 for +30pips.... If can do this 5 more times then I'll be happy. Happy pipping guys.
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