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Cable Update (GBPUSD)

  • #251,541
  • Sep 8, 2010 2:21am Sep 8, 2010 2:21am
Quoting zigizum
EURCHF was a nice trade for me, yes.
Me too, I am still in & trailing a 50 pip stop .. nothing like the feeling of being hundreds of pips in profit on a trade & trailing a 50 pip stop!!
******************* I'd rather make money than be right.
  • #251,542
  • Sep 8, 2010 2:22am Sep 8, 2010 2:22am
Quoting zigizum
EURCHF was a nice trade for me, yes.
that's right...almost all eur crosses are in a nice & smooth downtrend...
Hear the music before the song is over ...
  • #251,543
  • Sep 8, 2010 2:30am Sep 8, 2010 2:30am
Quoting GlobalMacro
that's right...almost all eur crosses are in a nice & smooth downtrend...
Some people in here, can't remember who .. were talking about a major upcoming move in EURAUD .. was that move supposed to be up or down? My charts only go back to 1999 & it looks like the lows it is at now are as low as it's ever been .. is there expectation of a 'major' drop from here?
******************* I'd rather make money than be right.
  • #251,544
  • Sep 8, 2010 2:41am Sep 8, 2010 2:41am
Quoting 4xStar
Some people in here, can't remember who .. were talking about a major upcoming move in EURAUD .. was that move supposed to be up or down? My charts only go back to 1999 & it looks like the lows it is at now are as low as it's ever been .. is there expectation of a 'major' drop from here?
1985 saw a low of 6380, dont know about expectation,2008 saw high of 16040,i beleive eur is on a dodgy wicket so could be a lovely ride down.
All systems of divination, like music itself,work through patterns.
  • #251,545
  • Sep 8, 2010 2:50am Sep 8, 2010 2:50am
Quoting Pickensrulz
Adding a new short @ 15370 to existing half short @15480

Closed everything @ 15420
  • #251,546
  • Sep 8, 2010 2:51am Sep 8, 2010 2:51am
Unbelievable the cable this morning, believing cable was going down alongside the euro I got totally caught out and am waiting to breakeven at 1.54, or should I stick to my analysis that it's in a downtrend and retarget 1.53?
  • #251,547
  • Edited 3:11am Sep 8, 2010 2:55am | Edited 3:11am
Quoting GlobalMacro
Woohoo nice start!!!....

she continued her whipping mode overnight...S/L hit at 1.5374

Being off-screen couldn't take the opposite trade...

Position FLAT for now.
This bitch has made me zero dollars this week.

I will take her eventually. I've loaded again after been taken out at BE on cover yesterday.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #251,548
  • Sep 8, 2010 3:02am Sep 8, 2010 3:02am
Quoting monkey@forex
Unbelievable the cable this morning, believing cable was going down alongside the euro I got totally caught out and am waiting to breakeven at 1.54, or should I stick to my analysis that it's in a downtrend and retarget 1.53?

On which t/f do you think this pairing is in a downtrend? On 30min/1hr there is an uptrend and on 4hr rangy conditions...the daily is the one that you could argue a downtrend....

Presently the pairing is exhibiting signs of weakness on the sub 30min t/f's following the run up to 5493 this morning and subsequent pullback low @ 5413, but in respect of overall price action as a way of guaging market conditions on each t/f...the present position is as stated above....there are of course other ways to guage trend but my preference is one that is based on price directly.

Whatever you decide, G/L
ex member
  • #251,549
  • Sep 8, 2010 3:06am Sep 8, 2010 3:06am
closer look @ 4hr - this is what I am see-ing

G/L
Attached Image
ex member
  • #251,550
  • Sep 8, 2010 3:12am Sep 8, 2010 3:12am
Quoting bbmac
closer look @ 4hr - this is what I am see-ing

G/L
They're just going to go after stop losses and the bring it down before NYSE open... at least thats what my nice bacon breakie i just had told me
  • #251,551
  • Sep 8, 2010 3:16am Sep 8, 2010 3:16am
Quoting monkey@forex
Unbelievable the cable this morning, believing cable was going down alongside the euro I got totally caught out and am waiting to breakeven at 1.54, or should I stick to my analysis that it's in a downtrend and retarget 1.53?
Not advising here,just saying what i see.On my 1 hour she closed above the 200ema.On all my charts up to 4 hour she is showing signs of upward move. Also she has bounced off 15493 4 times since 1 sept.,including once this am. ..i'd say she is testing this area once again
All systems of divination, like music itself,work through patterns.
  • #251,552
  • Sep 8, 2010 5:17am Sep 8, 2010 5:17am
5470 short.. found nice short and BE... we'll see
  • #251,553
  • Sep 8, 2010 5:18am Sep 8, 2010 5:18am
Short @ 1.545
SL @ 1.55
TP @ 1.5375

M5:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0124.png Size: 41 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #251,554
  • Sep 8, 2010 5:21am Sep 8, 2010 5:21am
Quoting 4xStar
Some people in here, can't remember who .. were talking about a major upcoming move in EURAUD .. was that move supposed to be up or down? My charts only go back to 1999 & it looks like the lows it is at now are as low as it's ever been .. is there expectation of a 'major' drop from here?
I'm not familiar with the particular case you're referring to but a major Greek bank announced plans for raising capital which although is nothing bad in and of itself for the bank in question is nevertheless causing concern that this maybe a precursor to a Greek debt restructuring straining investor confidence...
Hear the music before the song is over ...
  • #251,555
  • Sep 8, 2010 5:26am Sep 8, 2010 5:26am
Quoting Bull_Bear
This bitch has made me zero dollars this week.

I will take her eventually. I've loaded again after been taken out at BE on cover yesterday.
she's being dragged around by cross action, hence her image of b!%§hiness...

all my signals turned long at the break above 1.5374...so really shorts are out of question for me for the time being...
Hear the music before the song is over ...
  • #251,556
  • Sep 8, 2010 5:27am Sep 8, 2010 5:27am
Quoting USD-Bear
Short @ 1.545
SL @ 1.55
TP @ 1.5375

M5:
Attachment
Lots of people seem to be taking trades in the middle of the road, why short @545?? please see the following thread (http://www.forexfactory.com/showthread.php?t=248297) and download the template (( nb steve sq template.tpl)) use it on your 1HR chart for higher probability entries... good luck
  • #251,557
  • Sep 8, 2010 5:41am Sep 8, 2010 5:41am
Chart 1, after daily roll...entered into and kept in positive territory.
Chart 2, 125% of daily range played out.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: dop1.jpg Size: 224 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #251,558
  • Sep 8, 2010 5:42am Sep 8, 2010 5:42am
Quoting Magix
I know another guy just like you. You should put your heads together and start a rock pile.
It hurts so bad to be a LOSER

Do you not have any dignity nor pride? You must have really thick skin with the countless times I've made you crawled back into your hole.

Why keep tourturing yourself?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #251,559
  • Sep 8, 2010 5:44am Sep 8, 2010 5:44am
Quoting Magix
Chart 1, after daily roll...entered into and kept in positive territory.
Chart 2, 125% of daily range played out.
Very easy to post a chart and say entered long after the event, doh

Try posting real time calls with SL & TP with your chart too.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #251,560
  • Sep 8, 2010 5:46am Sep 8, 2010 5:46am
Quoting HiCS
Lots of people seem to be taking trades in the middle of the road, why short @545?? please see the following thread (http://www.forexfactory.com/showthread.php?t=248297) and download the template (( nb steve sq template.tpl)) use it on your 1HR chart for higher probability entries... good luck
Thanks for your concerns, I wouldn't call current price "in the middle of the road" though...
Don't be a hero. Don't have an ego. Always question yourself
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