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Cable Update (GBPUSD)

  • #252,741
  • Sep 14, 2010 1:38am Sep 14, 2010 1:38am
Quoting pawpaw1000
Hey magix... Like i thought, My fibre short was stopped! Cable is looking absolutely ridiculous but if she ever breaks, we should get a good 150 pips outta her in one go...

Can't trade this morning but will see ya all at lunch time.

EDIT: According to the pattern I've got on H1, we should be breaking Downwards... (descending Triangle) Still new at this soo would love some opinions... http://www.trending123.com/patterns/..._triangle.html
here:
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  • #252,742
  • Sep 14, 2010 1:39am Sep 14, 2010 1:39am
  •  zigizum
  • | Joined Aug 2010 | Status: Not in a hurry too blow my account | 52 Posts
Quoting GlobalMacro
Cable's absolutely congested...no trend really...

I'm exiting the short position here @ 1.5360 for +ve 72 pips profit

My Position Is Now FLAT.

YEs, I agree.. Im out from short +77 pips profit.
  • #252,743
  • Sep 14, 2010 1:42am Sep 14, 2010 1:42am
Quoting Dayboy001
It's not just friday low it's previous wednesday, we have been on an inside bar ever since.

took profit @ 1.5349 have a short entry placed at

1.5339 in case we break out of IB

if we break down, i will join you on the short side, good luck to you
but i wish franky was fake down and LDN will reverse this pa
(but itīs getting closer to my stopp )
  • #252,744
  • Sep 14, 2010 1:45am Sep 14, 2010 1:45am
hopefully UCAD has seen resistance at 1.03 and falling now
would help a bit to boost cable
  • #252,745
  • Sep 14, 2010 1:46am Sep 14, 2010 1:46am
Quoting dag777
if we break down, i will join you on the short side, good luck to you
but i wish franky was fake down and LDN will reverse this pa
(but itīs getting closer to my stopp )

I'm flat now so happy with either, I always scalp franky in the morning, gives me a little more to play with in the day. ( when I say always I mean the last month I have been doing this ).
  • #252,746
  • Sep 14, 2010 1:57am Sep 14, 2010 1:57am
Quoting Dayboy001
I'm flat now so happy with either, I always scalp franky in the morning, gives me a little more to play with in the day. ( when I say always I mean the last month I have been doing this ).
i mostly wait for LDN with my first trade but today franky was tempting cause it was at a low from last week (not the ultimat low but promising for a few pips), now i need a good cpi to make a good call out of it
  • #252,747
  • Sep 14, 2010 2:01am Sep 14, 2010 2:01am
Quoting dag777
i mostly wait for LDN with my first trade but today franky was tempting cause it was at a low from last week (not the ultimat low but promising for a few pips), now i need a good cpi to make a good call out of it
Looking good so far, what's your TP?
  • #252,748
  • Sep 14, 2010 2:05am Sep 14, 2010 2:05am
Quoting Dayboy001
Looking good so far, what's your TP?
i decide after cpi data

if we get good numbers, i hope to break 1.5470 today and maybe go into an uptrend, but thatīs only my wishful thinking,
no tp set yet
  • #252,749
  • Sep 14, 2010 2:28am Sep 14, 2010 2:28am
Quoting dag777
Morning all,

iīm risking a small long position at 1.5349 with 25 pips stop.
i hope low of friday holds and we go back to 1.5470,
cpi data will decide wereto go, stay in range or break out of it.

wish everybody greenies all the way...
Great timing
Don't be a hero. Don't have an ego. Always question yourself
  • #252,750
  • Sep 14, 2010 2:29am Sep 14, 2010 2:29am
Hi guys and ladies,

We are clearly in a ranging market......so I follow PA and trade the range....

GL everyone
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Non licet omnibus adire Corinthum
  • #252,751
  • Sep 14, 2010 2:36am Sep 14, 2010 2:36am
Quoting USD-Bear
Great timing
as cloggie would say "sometimes even a blind squirrel will find a crumb "
blind squirrel = my second name, ha ha

but unfortunately iīm in with half lot size as usual,
as it was at a critical point, wether it break down or flip back up
wish it could stay here or creep a little bit up to dp 1.5426
until cpi data release
  • #252,752
  • Sep 14, 2010 3:28am Sep 14, 2010 3:28am
Quoting dag777
hopefully UCAD has seen resistance at 1.03 and falling now
would help a bit to boost cable
UCAD is commodity currency and traded 24% of whole market...
My idea is UCAD direction is determine by USD,EURO,GBP and JPY
not UCAD anchoring the 4 major...
Peace And Quite Is Utterly Malapropos Of My Departure . . .
  • #252,753
  • Sep 14, 2010 3:30am Sep 14, 2010 3:30am
Quoting dag777
i decide after cpi data

if we get good numbers, i hope to break 1.5470 today and maybe go into an uptrend, but thatīs only my wishful thinking,
no tp set yet

cpi better then forecast, i will stay in this trade
  • #252,754
  • Sep 14, 2010 3:32am Sep 14, 2010 3:32am
Quoting dag777
Morning all,

iīm risking a small long position at 1.5349 with 25 pips stop.
i hope low of friday holds and we go back to 1.5470,
cpi data will decide wereto go, stay in range or break out of it.

wish everybody greenies all the way...

Looking pretty good now !!!
  • #252,755
  • Sep 14, 2010 3:36am Sep 14, 2010 3:36am
Quoting Dayboy001
Looking pretty good now !!!

yep, about 80 pips atm, will look for next station at 1.5470
and decide of closing half there, but first our lady has a little fight at dp
  • #252,756
  • Sep 14, 2010 3:45am Sep 14, 2010 3:45am
Quoting Vegapunk
UCAD is commodity currency and traded 24% of whole market...
My idea is UCAD direction is determine by USD,EURO,GBP and JPY
not UCAD anchoring the 4 major...
Exactly why we need to watch ucad, not for CAD but for USD. I used to watch UJ but it seems JPY has a mind of its own, tainting the direction for USD.
  • #252,757
  • Sep 14, 2010 3:47am Sep 14, 2010 3:47am
Quoting trending
Exactly why we need to watch ucad, not for CAD but for USD. I used to watch UJ but it seems JPY has a mind of its own, tainting the direction for USD.

Is it a better representation than the dollar basket?
  • #252,758
  • Sep 14, 2010 3:52am Sep 14, 2010 3:52am
Quoting Delite
Is it a better representation than the dollar basket?
Obviously not, but I have no access to that. So will have to make do.
  • #252,759
  • Sep 14, 2010 3:53am Sep 14, 2010 3:53am
Quoting trending
Obviously not, but I have no access to that. So will have to make do.

Wasn't trying to be difficult - it was a geniune question!
  • #252,760
  • Sep 14, 2010 3:55am Sep 14, 2010 3:55am
Cloggie, if you're on, could you please analyze the price reaction to the GBP data? Is an increase in the interest rate now a possibility?

BTW, Friday and Monday followed your "normal" trading day to a T. It was interesting to watch. Thanks again for the information.
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