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Cable Update (GBPUSD)

  • #248,221
  • Aug 24, 2010 8:49am Aug 24, 2010 8:49am
Quoting USD-Bear
Closed @ 1.5405
watch usd/chf and then see what dollar is doing, dropping like a rock there...

Agree that USD/INX is strong but it's better to check other sources also... I'm still not trading today, bit irritated at todays PA but must say it has created a nice range for 30 - 40 pips...
@pawpaw1000 on Twitter
  • #248,222
  • Aug 24, 2010 8:49am Aug 24, 2010 8:49am
Quoting qwertymyfx
This is my point, gotta be really careful here.
There is no follow through
  • #248,223
  • Aug 24, 2010 8:51am Aug 24, 2010 8:51am
Quoting USD-Bear
Closed @ 1.5405
If I remember correctly....

Weren't you the fella who was waiting at 1.585x area for price to drop to 1.555x to go long?

Does this mean that you waited 500 pips worth of drop and shorted daily support?

I'm just asking is all....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #248,224
  • Aug 24, 2010 8:51am Aug 24, 2010 8:51am
Will bee interesting too see what difference the 3.00 pm updates make to 'cable' in particular.........

Doesn't make any difference to my actual trading though

http://cdn.forexfactory.com/images/m...dar_upnext.gif 3:00pm USD Existing Home Sales
http://cdn.forexfactory.com/images/m...etail_star.gif

4.68M 5.37M
http://cdn.forexfactory.com/images/m...dar_upnext.gif 3:00pm USD Richmond Manufacturing Index
http://cdn.forexfactory.com/images/m...etail_star.gif

14 16
  • #248,225
  • Aug 24, 2010 8:54am Aug 24, 2010 8:54am
Quoting pawpaw1000
watch usd/chf and then see what dollar is doing, dropping like a rock there...

..

Actually it is the CHF going up, no dollar weakness yet in the market to speak of. Look at uCAD
  • #248,226
  • Aug 24, 2010 8:55am Aug 24, 2010 8:55am
Quoting AdrianHNV
Will bee interesting too see what difference the 3.00 pm updates make to 'cable' in particular.........

Doesn't make any difference to my actual trading though

http://cdn.forexfactory.com/images/m...dar_upnext.gif 3:00pm...
Hi,
How exactly does corelation trading work?

Thanks in advance
  • #248,227
  • Aug 24, 2010 8:55am Aug 24, 2010 8:55am
cant Gu go up around 1.5550 today.
  • #248,228
  • Aug 24, 2010 8:59am Aug 24, 2010 8:59am
Quoting Magix
If I remember correctly....

Weren't you the fella who was waiting at 1.585x area for price to drop to 1.555x to go long?

Does this mean that you waited 500 pips worth of drop and shorted daily support?

I'm just asking is all....
you remembered correctly. I asked him the same thing back then too lol
Thank You
  • #248,229
  • Aug 24, 2010 9:00am Aug 24, 2010 9:00am
Quoting wormboy
you remembered correctly. I asked him the same thing back then too lol

I really do like the fact that you can't modify or delete your own posts after a short time here on FF, keeps the BS-ers from changing things after the fact.


BTW, what happened to Forexlion, he is now a commercial member? And he was trying so hard to redeem himself in the last few days.
  • #248,230
  • Aug 24, 2010 9:00am Aug 24, 2010 9:00am
I think the Dollar has just gap-filled from this morning.
  • #248,231
  • Aug 24, 2010 9:04am Aug 24, 2010 9:04am
Quoting Delite
I think the Dollar has just gap-filled from this morning.

There never was a gap
  • #248,232
  • Aug 24, 2010 9:04am Aug 24, 2010 9:04am
Quoting cloggie
I really do like the fact that you can't modify or delete your own posts after a short time here on FF, keeps the BS-ers from changing things after the fact.


BTW, what happened to Forexlion, he is now a commercial member? And he was trying so hard to redeem himself in the last few days.
He pm'd me wondering who banned him from the forum....

I asked him why he was now listed as a commercial member...told him to contact Twee and see just WTF is going on.

I agree...he been doing good...I like the lion. He means no harm, ya just gotta know how to take him.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #248,233
  • Aug 24, 2010 9:06am Aug 24, 2010 9:06am
Quoting Magix

...he been doing good...I like the lion. He means no harm, ya just gotta know how to take him.

I agree, I had actually vouched for him, but out of principle I had to undo my vouch for as long as the commercial membership is not sorted.
  • #248,234
  • Aug 24, 2010 9:07am Aug 24, 2010 9:07am
5m 200EMA longside target hit for a couple.

Sitting on hands for now.

Weeeeeeeeeeeeeeeeeee.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #248,235
  • Aug 24, 2010 9:07am Aug 24, 2010 9:07am
That was an easy 20 pip scalp on cr@p numbers. DOW briefly dropped below 10k

Flat again.
  • #248,236
  • Aug 24, 2010 9:08am Aug 24, 2010 9:08am
Quoting cloggie
Actually it is the CHF going up, no dollar weakness yet in the market to speak of. Look at uCAD
uCAD has short written all over it on my h4, d1 and w1
  • #248,237
  • Aug 24, 2010 9:08am Aug 24, 2010 9:08am
W formation completed
  • #248,238
  • Aug 24, 2010 9:08am Aug 24, 2010 9:08am
Quoting cloggie
There never was a gap

Oh. On my chart there seems to be a gap from the close of the 22.30 (M30) candle to the open of the 01.00 candle.

Will need to work out how to post charts...
  • #248,239
  • Aug 24, 2010 9:09am Aug 24, 2010 9:09am
Quoting cloggie
I agree, I had actually vouched for him, but out of principle I had to undo my vouch for as long as the commercial membership is not sorted.
I think I was his second vouch after he got back from his time out...Gunna leave my support there for him.

I don't believe he has commercial interests, and I do believe his efforts are meant in the best spirit of FF.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #248,240
  • Aug 24, 2010 9:10am Aug 24, 2010 9:10am
Quoting LostMyShirt
There is no follow through
Took the first half off for + 20 pip
I should have played EURUSD today instead of this stupid pair....Keeping the other position i added at 1.5413 open
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