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Cable Update (GBPUSD)

  • #254,621
  • Sep 21, 2010 5:10am Sep 21, 2010 5:10am
Quoting pips stunner
i dont need to post 12,000 times to show i am so good.
thank u.
The market humbles us all, even the pros.
  • #254,622
  • Sep 21, 2010 5:10am Sep 21, 2010 5:10am
Quoting qwertymyfx
did you draw these trendlines yourself?
er..yes,why
  • #254,623
  • Sep 21, 2010 5:16am Sep 21, 2010 5:16am
what do you think guys?
i see long

Attachment
yesterday was good, today is the best, tomorrow is amazing.....
  • #254,624
  • Sep 21, 2010 5:16am Sep 21, 2010 5:16am
London Market opened long ago... if it dosent break 155.0 by this hour end than I am closing my shorts from 155.70 at closing price of this hour... if it breaks than I am floating further.
  • #254,625
  • Sep 21, 2010 5:32am Sep 21, 2010 5:32am
Quoting chazzle
er..yes,why
they looks pretty accurate
  • #254,626
  • Sep 21, 2010 5:32am Sep 21, 2010 5:32am
Very tempted to long from the 1.5507 level but will wait for confirmation!

This is not to say I believe we are going Long, just looking for 30 pips...

(ok Pops )
@pawpaw1000 on Twitter
  • #254,627
  • Sep 21, 2010 5:36am Sep 21, 2010 5:36am
This is like watching paint dry. I'm short from 1.5550. Are we going to see a test of 1.55 do you reckon? Or should I bail?
  • #254,628
  • Sep 21, 2010 5:38am Sep 21, 2010 5:38am
Support at 154.00. Not trading before FED. Generally I am in a bearish mood.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd support.gif Size: 28 KB
  • #254,629
  • Sep 21, 2010 5:39am Sep 21, 2010 5:39am
Quoting Sutts
This is like watching paint dry. I'm short from 1.5550. Are we going to see a test of 1.55 do you reckon? Or should I bail?
will definately see 5505 and maybe even 5480
@pawpaw1000 on Twitter
  • #254,630
  • Sep 21, 2010 5:40am Sep 21, 2010 5:40am
long half stakes at 510, will add close to 470, stop currently 450
  • #254,631
  • Sep 21, 2010 5:43am Sep 21, 2010 5:43am
Quoting Sutts
This is like watching paint dry. I'm short from 1.5550. Are we going to see a test of 1.55 do you reckon? Or should I bail?
Exited with +40. Don't like the PA.
  • #254,632
  • Sep 21, 2010 5:45am Sep 21, 2010 5:45am
UK public finances post largest August deficit since at least 1993

http://img695.imageshack.us/img695/8...sd21092010.jpg

The trend is your friend.
________________________________ Errare humanum est
  • #254,633
  • Sep 21, 2010 5:45am Sep 21, 2010 5:45am
Quoting pawpaw1000
will definately see 5505
How did you know that pawpaw? What made that likely? Just trying to learn.

Thanks
  • #254,634
  • Sep 21, 2010 5:45am Sep 21, 2010 5:45am
UCAD looking to break down, might give Cable a little boost?
Attached Image (click to enlarge)
Click to Enlarge Name: tradeg.gif Size: 54 KB
@pawpaw1000 on Twitter
  • #254,635
  • Sep 21, 2010 5:47am Sep 21, 2010 5:47am
Quoting pawpaw1000
Very tempted to long from the 1.5507 level but will wait for confirmation!

This is not to say I believe we are going Long, just looking for 30 pips...

(ok Pops )
May your pips today be as plenty as pawpaw 1000s of seeds
Looking for an opportunity. I'm here late but need only to make my breakfast, lunch and maybe some extra cups tea. 100pips would do.

P
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #254,636
  • Sep 21, 2010 5:49am Sep 21, 2010 5:49am
Quoting Sutts
How did you know that pawpaw? What made that likely? Just trying to learn.

Thanks

Very easy mate...

We normally test a level at least twice before either breaking or turning. With us moving down I had to give the benefit of the doubt that we would see at least 5507 again.

After that, look at the chart, 5470 - 5485 level is a HIGH congestion area from last week...

Keep the levels on your chart from the last week etc as PA usually comes back to them

Good Luck...
Attached Image (click to enlarge)
Click to Enlarge Name: tradeg.gif Size: 47 KB
@pawpaw1000 on Twitter
  • #254,637
  • Sep 21, 2010 5:52am Sep 21, 2010 5:52am
Quoting Precap2
May your pips today be as plenty as pawpaw 1000s of seeds
Looking for an opportunity. I'm here late but need only to make my breakfast, lunch and maybe some extra cups tea. 100pips would do.

P
Will have to see, looks like Market is uncertain... Have No IDEA where we going but once again, let's let PA show us...

I'd love to get another 50 pips to give me 80 for the day but gotta leave in 2 hours! let's see if she blows before then...
@pawpaw1000 on Twitter
  • #254,638
  • Sep 21, 2010 5:52am Sep 21, 2010 5:52am
I am suffering from paralysis by analysis this morning - I guess its payback for boasting about lightbulb moments last week!

I have been trying to work out why, when I know where my entry points should be, I am having difficulty in pulling the trigger.

I think, for me the answer lies in understanding more about the money/order flow. Its all very well reacting to price action, but I would like to know what happens on the trading floor when London opens and then how that changes (if it does) when New York opens. I think when you understand what is happening in the big institutions it will make what I am seeing on my laptop a little easier to act upon.

Cloggie and Majix have discussed some of this in previous posts - eg how the different markets will cover ranges etc, but if anyone has the time, (or inclination) could you describe how the London and New York opens work - do these guys place their orders at LO and then walk away until the NY open, for example. What does the trading day look like from the floor?

I realise it may appear that I am being lazy asking this here rather than researching it myself, but there are obviously people here who have worked in this business professionally and it is their little snippets of information, which don;t appear in any google search which strengthen the armoury.

Thanks in advance.
  • #254,639
  • Sep 21, 2010 5:53am Sep 21, 2010 5:53am
Quoting pawpaw1000
Very easy mate...

We normally test a level at least twice before either breaking or turning. With us moving down I had to give the benefit of the doubt that we would see at least 5507 again.

After that, look at the chart, 5470 - 5485 level is a HIGH congestion area from last week...

Keep the levels on your chart from the last week etc as PA usually comes back to them

Good Luck...
Thanks mate.
  • #254,640
  • Sep 21, 2010 5:54am Sep 21, 2010 5:54am
Quoting pawpaw1000
Very easy mate...

We normally test a level at least twice before either breaking or turning. With us moving down I had to give the benefit of the doubt that we would see at least 5507 again.

After that, look at the chart, 5470 - 5485 level is a HIGH congestion area from last week...

Keep the levels on your chart from the last week etc as PA usually comes back to them

Good Luck...
Good post!
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