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Cable Update (GBPUSD)

  • #252,521
  • Sep 13, 2010 12:15am Sep 13, 2010 12:15am
Quoting pawpaw1000
well, got in short on both cable and fibre...

Cable @ 5462 s/l 5481 and TP at 5353... (PS looks like I'm about to get stopped)

Fibre @ 1.2820 s/l 2837 and TP 1.2707...

Both are risking 2% of account and have a RR of 5.

Let's see...
HAHAH! and we're off.... if these two trades work I'm up 20%


EDIT: Fibre to BE...
already moved s/l to top of m15 candles, will move to BE as soon as I have 25 pips...

Stopped on fibre... cable struggling at 50 level...
@pawpaw1000 on Twitter
  • #252,522
  • Sep 13, 2010 12:15am Sep 13, 2010 12:15am
Although I'm not a believer of H&S relevance without volume info look at USDX:

Attached Image
Don't be a hero. Don't have an ego. Always question yourself
  • #252,523
  • Sep 13, 2010 12:16am Sep 13, 2010 12:16am
Quoting kotemamak
goodness .. and to think that you're a vouched member
My trade speaks for itself
  • #252,524
  • Sep 13, 2010 12:25am Sep 13, 2010 12:25am
Quoting pawpaw1000
HAHAH! and we're off.... if these two trades work I'm up 20%


EDIT: Fibre to BE...
already moved s/l to top of m15 candles, will move to BE as soon as I have 25 pips...

Stopped on fibre... cable struggling at 50 level...
I think your stops are way too tight. You need to give some wiggle room
  • #252,525
  • Sep 13, 2010 12:27am Sep 13, 2010 12:27am
Quoting Xxavier
I think your stops are way too tight. You need to give some wiggle room
nah

Close at BE most of the time... all about entry...
@pawpaw1000 on Twitter
  • #252,526
  • Sep 13, 2010 12:39am Sep 13, 2010 12:39am
Quoting USD-Bear
Although I'm not a believer of H&S relevance without volume info look at USDX:

Attachment
rounded top..if it can break below..u are on buddy..i think it is likely as well..u also have an inverse version on cable

break of 1.59..we gonna be heading towards the top
Attached Image (click to enlarge)
Click to Enlarge Name: chart4.jpg Size: 101 KB
  • #252,527
  • Sep 13, 2010 12:40am Sep 13, 2010 12:40am
Quoting pawpaw1000
nah

Close at BE most of the time... all about entry...
Don't want to start flame of war here..

Entry doesn't mean anything by itself, its the exit that determines profit or loss... I think you are not giving yourself a chance by keeping such tight stops..But if its working for you, then please continue....
  • #252,528
  • Sep 13, 2010 12:43am Sep 13, 2010 12:43am
Quoting Xxavier
So far it does not look like a fake out.. So going to hold on to my position.. I will close it if it breaks the 40 level. thats 1.5440 level, which will make this a 10 pip loser..
Not taking profits on this one yet.. The price action and the chart still looks really good..
  • #252,529
  • Sep 13, 2010 12:43am Sep 13, 2010 12:43am
Quoting nAVIN2007
rounded top..if it can break below..u are on buddy..i think it is likely as well..u also have an inverse version on cable

break of 1.59..we gonna be heading towards the top
Looks good on the day, 1.5540 would give me some reassurance on weekly too
Don't be a hero. Don't have an ego. Always question yourself
  • #252,530
  • Sep 13, 2010 12:44am Sep 13, 2010 12:44am
Quoting Xxavier
Not taking profits on this one yet.. The price action and the chart still looks really good..

Could we be seeing a 2b reversal?
  • #252,531
  • Sep 13, 2010 12:50am Sep 13, 2010 12:50am
Looking to short at
1.5500
1,5520
1.5530

SL at 1,5580

Reasons:
1,55 is a round number
there is no fundamental for this 140 points move up
there is downward 4H trendline
looking at 38.8% fibo for 1st target of this move from 1,5347-1,55??
looking at 50.0% fibo for 2nd target of this move from 1,5347-1,55??
looking at 100% fibo for 3rd target of this move from 1,5347-1,55??

wish me good luck
happy trade to all
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 42 KB
  • #252,532
  • Sep 13, 2010 1:20am Sep 13, 2010 1:20am
love the PA

still aiming high we need a close above the TL enjoy the ride
Attached Image (click to enlarge)
Click to Enlarge Name: 1h cable.gif Size: 16 KB
  • #252,533
  • Sep 13, 2010 1:23am Sep 13, 2010 1:23am
Goodmorning gentlemen and babies, hope no one would be playing Spanish lottery with their equity. Patience would turn it good, maybe we need 2 hours or more to decide on a position.
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #252,534
  • Sep 13, 2010 1:33am Sep 13, 2010 1:33am
Quoting scurt
Looking to short at
1.5500
1,5520
1.5530

SL at 1,5580

Reasons:
1,55 is a round number
there is no fundamental for this 140 points move up
there is downward 4H trendline
looking at 38.8% fibo for 1st target of this move from 1,5347-1,55??
looking at 50.0% fibo for 2nd target of this move from 1,5347-1,55??
looking at 100% fibo for 3rd target of this move from 1,5347-1,55??

wish me good luck
happy trade to all
what about weekly being in uptrend????????????????
  • #252,535
  • Sep 13, 2010 1:34am Sep 13, 2010 1:34am
Hi,
Hope everyone had a great weekend. Well I woke up this morning to see +100 on my cable trade. Closed.

have a good week everyone.

Quoting need-help
Hi,
Hope everyone is doing great.

Well here is my analysis. I want start by letting you know (if you haven't already guessed it) that I am new. I see improvement in myself as time goes by. With that said, criticism is very welcome.

ok so I had a position on cable at 5446. But price was really struggling at that area which got me nervous so I closed at break even.

Now I am looking to buy. I want to place a buy order around the area I have 'circled'. In my opinion, that is a risky buy so I don't really intend to hold it for long. If price makes...
  • #252,536
  • Edited 1:35am Sep 13, 2010 1:34am | Edited 1:35am
If this baby in 4H TF closed below my 200EMA, for sure I'll go short..

Bears seem like losing momentum here, IMO
Attached Image
  • #252,537
  • Sep 13, 2010 1:36am Sep 13, 2010 1:36am
hasnt a pinbar formed on the 30min and is currently forming on the hourly, wouldnt this mean short?
  • #252,538
  • Sep 13, 2010 1:36am Sep 13, 2010 1:36am
Quoting need-help
Hi,
Hope everyone had a great weekend. Well I woke up this morning to see +100 on my cable trade. Closed.

have a good week everyone.
  • #252,539
  • Sep 13, 2010 1:39am Sep 13, 2010 1:39am
http://www.forexfactory.com/showpost...&postcount=296
Non licet omnibus adire Corinthum
  • #252,540
  • Sep 13, 2010 1:39am Sep 13, 2010 1:39am
Could be... but we are on 38,2 on weekly chart and cable likes 50% much more...
and looking only for pullback for 2/3 of my possitions so cable should be in uptrend this week but it will still play for me..

good luck to all

Quoting nAVIN2007
what about weekly being in uptrend????????????????
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