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Cable Update (GBPUSD)

  • #252,781
  • Sep 14, 2010 4:56am Sep 14, 2010 4:56am
My Octopus Holy Grail says if we obtain an hourly close below 1.5380, we might head straight to 1.5320, even if a mere pin touch.

I look for a clean short anyhow
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #252,782
  • Sep 14, 2010 4:58am Sep 14, 2010 4:58am
1 am staying on my long 1.5402 tp over 34
  • #252,783
  • Sep 14, 2010 5:00am Sep 14, 2010 5:00am
I am long myself, but not very confident in it, back at 420, sl still holding at 385 below weekly pivot
  • #252,784
  • Sep 14, 2010 5:03am Sep 14, 2010 5:03am
Quoting Alexbabwa
I am long myself, but not very confident in it, back at 420, sl still holding at 385 below weekly pivot
never take a position if you are not confident brother, and put low stop loss like 20 maybe helpful
you welcome to long position
  • #252,785
  • Sep 14, 2010 5:07am Sep 14, 2010 5:07am
I was confident at the time tetis weak dollar and positive uk data. Cable was on its way up also before the news even came out. Then for some reason the dollar index soared up a bit and cable turned down.
  • #252,786
  • Sep 14, 2010 5:11am Sep 14, 2010 5:11am
Quoting Alexbabwa
I was confident at the time tetis weak dollar and positive uk data. Cable was on its way up also before the news even came out. Then for some reason the dollar index soared up a bit and cable turned down.
I dont understand fundamental or technical reasons , brother i only look to candels and click the position.
  • #252,787
  • Sep 14, 2010 5:15am Sep 14, 2010 5:15am
Couldn't resist posting my beautiful chart. We're in tight range which is good for M5 scalper anyway. BUT NEVER IGNORE THE TRIANGLE, though I await a downward break.
Like I said yesterday, GU made it's weekly peak yesterday.
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Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #252,788
  • Sep 14, 2010 5:20am Sep 14, 2010 5:20am
Quoting tetis
I dont understand fundamental or technical reasons , brother i only look to candels and click the position.
One of my trainers in 2002 has a word for what you just said. . . hmmmmm. . . can't remember it but I think it has something to do with a crazy kind of gambling.

Holla@!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #252,789
  • Sep 14, 2010 5:24am Sep 14, 2010 5:24am
Quoting Dayboy001
Sounds good to me, i'm short cable at moment !!
let's see if we get paid today.
I sold @433 and stop placed @545

Good luck to you my friend

Quoting dag777
Hi Wormy,

you expect it without touching the 1.5470 one more time?
hi dag, it could test 470, but had so far failed at the 420 resistance level, so I'm leaning bearish. If you have the time, switch to the m5 and plot a utl from 1.5487 hi - 1.5468 hi (13th sept). you'll see that the last spike failed at the same utl.

Let's see how it goes

Quoting Delite
Any particular reason, Wormie?
yup, sterling weakness. Below is a simplified gbplfx. Sorry can't provide you with more at this time as I am still on eid holiday and this chart is from my laptop.

Hope all is well

Regards.
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Thank You
  • #252,790
  • Sep 14, 2010 5:32am Sep 14, 2010 5:32am
Quoting Precap2
One of my trainers in 2002 has a word for what you just said. . . hmmmmm. . . can't remember it but I think it has something to do with a crazy kind of gambling.

Holla@!
thank you for your kindness
as a gambler i have very good result my dear friend ,
  • #252,791
  • Sep 14, 2010 5:43am Sep 14, 2010 5:43am
How can i view gbplfx? my charting service does not seem to provide it and google is turning up nothing..
  • #252,792
  • Sep 14, 2010 5:44am Sep 14, 2010 5:44am
Quoting wormboy
let's see if we get paid today.
I sold @433 and stop placed @545

Good luck to you my friend



hi dag, it could test 470, but had so far failed at the 420 resistance level, so I'm leaning bearish. If you have the time, switch to the m5 and plot a utl from 1.5487 hi - 1.5468 hi (13th sept). you'll see that the last spike failed at the same utl.

Let's see how it goes



yup, sterling weakness. Below is a simplified gbplfx. Sorry can't provide you with more at this time as I am still on eid holiday and this chart is from my laptop.

Hope all...
What's the point going on holiday if you sit in front of your charts all the time?

Hope your having a good time when are you back (properly)?
  • #252,793
  • Sep 14, 2010 5:45am Sep 14, 2010 5:45am
Quoting cloggie
But it is so much fun, and in JJ's case so easy to call out the ones that can't trade and are only here to find some gullible noobs for their paid services.

His response is textbook for a scammer, get aggressive with the ones that out you and hope they go away and that's where JJ is going wrong, I don't care what he says or what he thinks about me. The more he attacks me, the sillier he looks himself.
Heya detective Cloggs

Still got this darn descending triangle which no one has said whether it is valid or not?

I am not trading until we get a break because in my books, it'll just be throwing away money!

Hows fibre looking, see we finally got a bit of a drop and looks like she might continue dow...

Might scalp a short soon
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@pawpaw1000 on Twitter
  • #252,794
  • Sep 14, 2010 5:49am Sep 14, 2010 5:49am
[quote=wormboy;4020086]hi dag, it could test 470, but had so far failed at the 420 resistance level, so I'm leaning bearish. If you have the time, switch to the m5 and plot a utl from 1.5487 hi - 1.5468 hi (13th sept). you'll see that the last spike failed at the same utl.

Let's see how it goes


OK, i see, thx for pointing this out, will watch it like a hawk


Quoting bbakker
It is not nasty... it is what it is.

Pennant forming right in the middle of my zones! Which way will she break? I am out and I really should be getting on with some bloody work!...
I´m also trading around my dayjob,
difficult for me to get the right entry while working,
you have vacation today?
Good trading to you.
  • #252,795
  • Sep 14, 2010 5:53am Sep 14, 2010 5:53am
She's in no mans land, but buying and stay'n with range to sell up the top.
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #252,796
  • Sep 14, 2010 6:10am Sep 14, 2010 6:10am
Quoting dag777
I´m also trading around my dayjob,
difficult for me to get the right entry while working,
you have vacation today?
Good trading to you.
No vacation for me. I have one on triple witching Friday though... LOL

I am lucky that I work in business software support. I am office/desk based, so I have the ability to check my charts while I work, now that I have found another DSL line to bypass the corporate network which blocks the MT4 feed. I don't know how long this DSL line will last though, but I access it via a hidden unauthorised WiFi network.

Hence, I am generally swing trading of the h4 and higher timeframes using a micro account. I am still using demo for day trading as I am still not confident of my day trading abilities, but it is improving and I am finally making some nice pips. I will be going to micro for day trading very soon using a different account (FXCM)! I am taking it one step at a time... I need to learn to walk before I can run, but I reckon I am now walking at last and it is finally all coming together... I have had the lightbulb moment recently too!

Work is slow at the moment and has been for the last few months. One of our customers upgraded on the weekend before last, but apart from a few teething issues, it generally went well. I did pick up a high severity case last week, but I sorted it out within a couple of hours. December is usually our busiest month and we might get a new customer on board that wants the whole shebang using our latest software which is flakey at the best of times. It was release in Jan, re-released in April and still no sucker has upgraded to it yet! So it will get hectic once they come aboard!

Enough of my boring work shite... the scalpers must be loving this pennant! I am waiting for EU to hit my 1st TP target. Details can be found on the following thread -
http://www.forexfactory.com/showthread.php?t=255586

I wish you success with your trading!
  • #252,797
  • Sep 14, 2010 6:18am Sep 14, 2010 6:18am
She's struggling to climb, am reversing but she's still in no man's land until break out...

Sell 1.5397.. SL 1.5460.. TP open
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #252,798
  • Sep 14, 2010 6:24am Sep 14, 2010 6:24am
Quoting bbakker
No vacation for me. I have one on triple witching Friday though... LOL

I am lucky that I work in business software support. I am office/desk based, so I have the ability to check my charts while I work, now that I have found another DSL line to bypass the corporate network which blocks the MT4 feed. I don't know how long this DSL line will last though, but I access it via a hidden unauthorised WiFi network.

Hence, I am generally swing trading of the h4 and higher timeframes using a micro account. I am still using demo for day trading as I am...
Nice Bbakker... Just keep going mate, WE WILL GET THERE IN THE END!
@pawpaw1000 on Twitter
  • #252,799
  • Sep 14, 2010 6:35am Sep 14, 2010 6:35am
[quote=bbakker;4020184]No vacation for me. I have one on triple witching Friday though... LOL

I am lucky that I work in business software support. I am office/desk based, so I have the ability to check my charts while I work, now that I have found another DSL line to bypass the corporate network which blocks the MT4 feed. I don't know how long this DSL line will last though, but I access it via a hidden unauthorised WiFi network...


same situation for me,
i´m working for the local public administration (school authority)
and everything what receives live datafeed like mt4
and all java applications are blocked.
I bought a surfstick (HSDPA) and trade with my own laptop.
My small boss knows about my activity and is interested in trading,
always asks me how it is going, but my big boss should not know,
he would forbid it.
Before i had surfstick, i operate my home pc via remotecontrol (teamviewer),
this was a real mess, cause it often lost connection for a few minutes.
All the best to you, hopfully our bosses don´t make problem in future.
  • #252,800
  • Sep 14, 2010 6:42am Sep 14, 2010 6:42am
Cloggs, reckon the reason for this boring PA is as a result of uncertainty over which is worse, Pound or Dollar?

Maybe the US data will shed some light on it?

Haven't got a single trade yet today...
@pawpaw1000 on Twitter
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