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Cable Update (GBPUSD)

  • #252,601
  • Sep 13, 2010 6:54am Sep 13, 2010 6:54am
Quoting geeWcee
Awww man! Cloggie, would you make a post when you consider the market to be open? Trying to tie up last weeks graphs I printed to NY open times, it seemed lots of action took off around 13:30 GMT so thought it might be that.

NY opens at 0930 EST, CME opens at 0720CST.
  • #252,602
  • Sep 13, 2010 6:55am Sep 13, 2010 6:55am
Quoting pawpaw1000
nah... FF says 9 min and market hours says 7min...

http://www.forexmarkethours.com/

Nasdaq, AMEX and NYSE open at 0930, that's when the extra bit of volume comes in. Only the QMS opens at 0800.
  • #252,603
  • Sep 13, 2010 6:55am Sep 13, 2010 6:55am
Quoting Precap2
Remember this: Cable has done it's weekly high already (you can quote me). I'm going short all the way
Bears are definitely on the menu, but I wouldn't say "all the way". Bear meat is rather fulfilling I must stress.
  • #252,604
  • Sep 13, 2010 6:56am Sep 13, 2010 6:56am
Quoting cloggie
NY opens at 0930 EST, CME opens at 0720CST.
Normal trading hours starts at 9:30... but if you want you can start trading at 8:00 EST
  • #252,605
  • Sep 13, 2010 6:58am Sep 13, 2010 6:58am
Quoting Xxavier
Normal trading hours starts at 9:30... but if you want you can start trading at 8:00 EST

You can trade anything you want 24 hours a day, plenty of dodgy brokers willing to take your money, we are talking here when the big boys start and when the additional volume comes in, that is at 0930, that's been like that for over 100 years.
  • #252,606
  • Sep 13, 2010 6:58am Sep 13, 2010 6:58am
Quoting cloggie
NY opens at 0930 EST, CME opens at 0720CST.
Darn Dutch, always soo accurate

Thanks for the help Cloggs...

Fibre has started moving now for some reason... Trade in the green but looking to add if we break below 1.2790...

Cloggs, mind helping with what you see for today. Caught the ride down on Cable but could've gotten a better entry had I been here. Fibre is set to fall and seems like she might now but don't know whether we will go much lower than 1.2730 - 1.2750 area... Fibre a bit lathargic at the moment!

EDIT: closed my Fibre trade, looking for a better entry and some more confirmation... Don't wanna throw away any profits. Closed for be...
@pawpaw1000 on Twitter
  • #252,607
  • Sep 13, 2010 6:59am Sep 13, 2010 6:59am
[quote=pawpaw1000;4017659]Well, feel it's better to call my trades than to come in only when I have had a winning trade and say "just scored 101 pips, good luck, ciau"...

I take it that is targeted at me? lol.
  • #252,608
  • Sep 13, 2010 7:00am Sep 13, 2010 7:00am
Quoting cloggie
You can trade anything you want 24 hours a day, plenty of dodgy brokers willing to take your money, we are talking here when the big boys start and when the additional volume comes in, that is at 0930.
How can you trade US equities 24 hrs??? Can you tell me a broker who allow that? I have used 3-4 brokers and no one allow any type of trading before 8:00am EST..
  • #252,609
  • Sep 13, 2010 7:01am Sep 13, 2010 7:01am
Haha you can see why I got so confused Cloggie, even traders on here have conflicting information
Thanks for clearing everything up I promise I wont mention market hours ever again now!
  • #252,610
  • Sep 13, 2010 7:01am Sep 13, 2010 7:01am
Quoting pawpaw1000
Darn Dutch, always soo accurate

Thanks for the help Cloggs...

Fibre has started moving now for some reason... Trade in the green but looking to add if we break below 1.2790...

Cloggs, mind helping with what you see for today. Caught the ride down on Cable but could've gotten a better entry had I been here. Fibre is set to fall and seems like she might now but don't know whether we will go much lower than 1.2730 - 1.2750 area... Fibre a bit lathargic at the moment!

Yup, messy Monday, Cable was pure technical. There are lots of big buyers in fibre, diversifying risk, once the buying gets absorbed we may see a move.
  • #252,611
  • Sep 13, 2010 7:02am Sep 13, 2010 7:02am
[quote=bimmerbob;4017697]
Quoting pawpaw1000
Well, feel it's better to call my trades than to come in only when I have had a winning trade and say "just scored 101 pips, good luck, ciau"...

I take it that is targeted at me? lol.
Nah, there are many that do that, I used to do the same but now think it is better to rather post my full call before the time otherwise i get called a liar

Keep going brother...
@pawpaw1000 on Twitter
  • #252,612
  • Sep 13, 2010 7:03am Sep 13, 2010 7:03am
Quoting GlobalMacro
alright I am using the down TL to enter a short...

short @ 1.5432
well price action in cable is pretty sleepy...no trend in sight...

so I will be considering exiting the short position fairly soon...
Attached Image
Hear the music before the song is over ...
  • #252,613
  • Sep 13, 2010 7:05am Sep 13, 2010 7:05am
Quoting GlobalMacro
well price action in cable is pretty sleepy...no trend in sight...

so I will be considering exiting the short position fairly soon...
well, since Franky she has offered 80 pips up and around 90 down so we can't really complain.

Fibre for me is more of a bugger up
@pawpaw1000 on Twitter
  • #252,614
  • Sep 13, 2010 7:05am Sep 13, 2010 7:05am
Quoting cloggie
Yup, messy Monday, Cable was pure technical. .
Hiya Cloggie

Please explain, the pure technical?
  • #252,615
  • Sep 13, 2010 7:09am Sep 13, 2010 7:09am
Quoting GlobalMacro
well price action in cable is pretty sleepy...no trend in sight...

so I will be considering exiting the short position fairly soon...
nice chart, fwiw, I'm eyeing the bullish flag formation on the H1. Flagpole started 7th sep low.
  • #252,616
  • Sep 13, 2010 7:09am Sep 13, 2010 7:09am
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
having red the thread in a while, and how the supposedly "newbies" consistently gets picked out by the resident big boys here for their inferior technical approach, i'm quite surprised no one picked out yours except for magix.
yesterday you posted your h4 chart which contained those arbitary trendlines.
today you're talking about an imaginary inverse head and shoulder formation. you do know the criteria that makes up the triple top/triple bottom (head & shoulder/inverse head & shoulder) don't you? since you keep on putting charts out and up to satisfy your failing trade positions, and since you're talking about patterns, why don't you do yourself a favour and switch to the monthly chart and see for yourself what bearish pattern had already formed. It might be able to save you a lot of pips in the "long term".
  • #252,617
  • Sep 13, 2010 7:09am Sep 13, 2010 7:09am
Quoting AdrianHNV
Hiya Cloggie

Please explain, the pure technical?
Cloggs, if you don't mind, a SIMPLE picture speaks a thousand words...

Where else did you see us going?

Keep looking at the bigger picture even if you are trading shorter tf's

As long as you keep asking questions, you'll keep learning and getting better...

PS this is not my trading chart but just to show you how a simple descending tl can help
Attached Image (click to enlarge)
Click to Enlarge Name: tradeg.gif Size: 51 KB
@pawpaw1000 on Twitter
  • #252,618
  • Sep 13, 2010 7:13am Sep 13, 2010 7:13am
Know I'll be missing alot of action but going for a little lunch break with some mates...

Hoping i don't kick myself in the ass but can't not enjoy life

See you guys later. Watch cable consolodation here, could well get a continuation down...

EDIT: ok, putting a pending sell on fibre at 1.2826 with a 20 pip (2%) s/l...

feel it's worth the risk if it gets triggered!
@pawpaw1000 on Twitter
  • #252,619
  • Sep 13, 2010 7:13am Sep 13, 2010 7:13am
Close second half with 63pips as price struggled and failed to close below weekly pivot at 1.5394. No long for me though.
And like I said before, take note that GU has done its weekly high today.
Dogmatist per excellence.

Peace

EDIT: forgot to mention, afternoon food paid. Working for the night food
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #252,620
  • Sep 13, 2010 7:32am Sep 13, 2010 7:32am
  •  zigizum
  • | Joined Aug 2010 | Status: Not in a hurry too blow my account | 52 Posts
My update:Still holding short from sept.8th and on...at: 5490 5456 5445 5419 5394 for another re-test of 53. TP at 5280 SL 5540..
381 traders viewing now, 1 is registered:
Gecco8