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Cable Update (GBPUSD)

  • #243,541
  • Aug 5, 2010 9:29am Aug 5, 2010 9:29am
Quoting egkid
Good work bro
I shouldn't trade today and get some rest because my healthy not so good but couldn't resist
1 position closed with 25 ++
And 2 in play
Attachment
as long as 588ish area hold...
Verily, in every difficulties there is relief
  • #243,542
  • Aug 5, 2010 9:31am Aug 5, 2010 9:31am
Quoting AndyPass
Nah. Nottingham Forest!
Thanks for Michael Dawson
  • #243,543
  • Aug 5, 2010 9:34am Aug 5, 2010 9:34am
Quoting AndyPass
You're kidding right??
Hmm, just had a closer look. I've seen the exact same pic with a chelsea shirt. Hmmm
  • #243,544
  • Aug 5, 2010 9:40am Aug 5, 2010 9:40am
Quoting OldReigatian
Thanks for Michael Dawson
You're welcome.

Dawson is a legend at Forest (although so was Andy Reid and Jenas). I once had 10 quid on Dawson to score the first goal of a Forest game when he first broke in to the 1st team at 50/1! He obliged and I was delighted to collect.
  • #243,545
  • Aug 5, 2010 9:41am Aug 5, 2010 9:41am
Current support still on the M30 200EMA....NY is seemingly going to have her shot at selling down to this point before the close of London...but where do we go from here?

2 possibilities.

As we have only really tested this support once with both of the major sessions, we could see a bit of a ride back up...Sherpa buys M30, shown on first chart.

Second possibility, we start to head towards the hourly support line, hourly 200EMA shown on the second chart.

I think we bounce, but really why think if I just have to follow the money. Holding 3 shorts in one account, holding 2 in another, various points, and will watch cautiously at the London close reaction.

Best of luck on your day!
Attached Image(s) (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #243,546
  • Aug 5, 2010 9:53am Aug 5, 2010 9:53am
here comes the pain!
Thank You
  • #243,547
  • Aug 5, 2010 9:54am Aug 5, 2010 9:54am
Quoting cloggie
42 and 30 are my next 2 for this intra days short, may be a bit of a stretch from here without a retrace. 60 has to give in first.

Done
  • #243,548
  • Aug 5, 2010 9:54am Aug 5, 2010 9:54am
Quoting AnonYmos
Oh well, under regular circumstances when we're exchanging our views about cable it's quite calm I find. But every now & then it's truly
Somehow found the time to short her inbetween @ 58731 sl @ .5894. Sl not as punitive as earlier but got some flag-like thing on the 1h and even on the 4 h which also disturbs the peace of my mind.

Logging off soon. Trade well, e'body!
  • #243,549
  • Aug 5, 2010 9:58am Aug 5, 2010 9:58am
Quoting wormboy
I got 56,39 & 25. Not taking em tho. Going with the D1 engulfer & the H4 tower top.
check 1,2,3.
cloggs you got yours mate?
Thank You
  • #243,550
  • Aug 5, 2010 9:59am Aug 5, 2010 9:59am
http://nsa16.casimages.com/img/2010/...3524115073.jpg

http://nsa17.casimages.com/img/2010/...4600218036.jpg

http://nsa17.casimages.com/img/2010/...5956420942.jpg

other analysis on my blog http://foxtrade-foxtrade.blogspot.com/

  • #243,551
  • Aug 5, 2010 10:00am Aug 5, 2010 10:00am
Under the Idea of Protection of gains, closing 2 more here.

I do believe we will see another chance to play inside this range, might be able to grab a few more on and if continuation of immediate down continues.

Cha Ching!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #243,552
  • Aug 5, 2010 10:01am Aug 5, 2010 10:01am
Quoting jimmyloz


That's a bit useless 80 pips after the fact, pretty safe to say that lots of use took most of those 80 before your bells went of.
  • #243,553
  • Aug 5, 2010 10:09am Aug 5, 2010 10:09am
done for the day guys, bagged 70+46+75 on 2 shorts & a long on cable for today.... don't want to be tempted with greed and am leaving to chill with a drink..... tomorrow should be interesting though..... good luck to all & happy pipping!
  • #243,554
  • Aug 5, 2010 10:16am Aug 5, 2010 10:16am
Quoting cloggie
42 and 30 are my next 2 for this intra days short, may be a bit of a stretch from here without a retrace. 60 has to give in first.
Did you post a short trade?
(im not calling you out, just not sure if I missed it or something)

cheers
  • #243,555
  • Aug 5, 2010 10:16am Aug 5, 2010 10:16am
Another good day trading with the boxes .. I've rode it up & back down again, total about +75. Once trend is there (river is flowing) I often go to 1 minute & add at pullbacks to the 50 ema. (lower chart)

Not interested in where she goes ultimately .. or what the various trollls & muppets are chattering about, I'm just following the intraday flow & learning to grab the pips when they appear.
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******************* I'd rather make money than be right.
  • #243,556
  • Aug 5, 2010 10:24am Aug 5, 2010 10:24am
i dont get it, news bad for US, but cable goes down? is it because the trichet or what?
is there any chance to go up again?
  • #243,557
  • Aug 5, 2010 10:27am Aug 5, 2010 10:27am
Quoting unto234
i dont get it, news bad for US, but cable goes down? is it because the trichet or what?
is there any chance to go up again?

That news was long priced in, today has not been a fundie day (except for that minor retrace to test the top of the range), it has been a purely techie day. As to whether we go back up again, that all depends on the low here, the volumes are drying up with London about to close, let's see if NY fills the range or not. IF 42 and 60 hold your longs will not have much of a chance.
  • #243,558
  • Aug 5, 2010 10:29am Aug 5, 2010 10:29am
hi cloggie, now that its holding on to 1.583, is it the right time to short.
  • #243,559
  • Aug 5, 2010 10:29am Aug 5, 2010 10:29am
Quoting 4xStar
Another good day trading with the boxes .. I've rode it up & back down again, total about +75. Once trend is there (river is flowing) I often go to 1 minute & add at pullbacks to the 50 ema. (lower chart)

Not interested in where she goes ultimately .. or what the various trollls & muppets are chattering about, I'm just following the intraday flow & learning to grab the pips when they appear.
Hi ya 4xStar,

Sorry if this is a stupid question but where you say "Another good day trading with the boxes"....is that just areas you've boxed of for short term S/R to visually see it easier or is there a system to it/behind it?

cheers,
Adrian
  • #243,560
  • Aug 5, 2010 10:30am Aug 5, 2010 10:30am
Quoting 4xStar
Another good day trading with the boxes .. I've rode it up & back down again, total about +75. Once trend is there (river is flowing) I often go to 1 minute & add at pullbacks to the 50 ema. (lower chart)

Not interested in where she goes ultimately .. or what the various trollls & muppets are chattering about, I'm just following the intraday flow & learning to grab the pips when they appear.

That's it, you are getting the hang of PA trading. Just follow the price wherever she takes you.
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