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Cable Update (GBPUSD)

  • #258,521
  • Oct 5, 2010 5:23am Oct 5, 2010 5:23am
Quoting chazzle
long again 15875
Target points ?
  • #258,522
  • Oct 5, 2010 5:23am Oct 5, 2010 5:23am
Quoting chazzle
long again 15875
I have just taken my 4th short of the morning on cable.

Total 50 pips, selling after retrace towards 1.59 each time.

Can't see the break above the high so far, despite what others suggest.
I hope I am wrong, as their longs will kick them if it drops to 1.5830 and below - the direction I still believe it will go.

Anyway, all cable cashed at the mo.
Perhaps I am going senile early?
Dan TheMan
  • #258,523
  • Oct 5, 2010 5:25am Oct 5, 2010 5:25am
Quoting WanderingDan
I have just taken my 4th short of the morning on cable.

Total 50 pips, selling after retrace towards 1.59 each time.

Can't see the break above the high so far, despite what others suggest.
I hope I am wrong, as their longs will kick them if it drops to 1.5830 and below - the direction I still believe it will go.

Anyway, all cable cashed at the mo.
Perhaps I am going senile early?
It deepends on what you are looking for.

The GBP are holding above 1.5869 so far. That is a key level f you are shorting.
As long as it holds above it might very well go higher.
If that level get`s a clean break, then price might go down a little bit.
  • #258,524
  • Edited 5:28am Oct 5, 2010 5:26am | Edited 5:28am
Quoting Sunsi
Target points ?
Just 20 on one position - although I have pending orders set every 20 pips below,so it depends how many are hit
  • #258,525
  • Oct 5, 2010 5:26am Oct 5, 2010 5:26am
Quoting Sunsi
Thouched Y-Low once more.
Forming a tripple bottom on 30min timeframe.
What are your thoughts ?

MY thoughts:

Short EUR / USD at 1.37750 looking for 10 pips

Short EUR / GBP at .8675 + looking for 20 pips

My thoughts re cable: Anything short from 1.5890

Yours?
Dan TheMan
  • #258,526
  • Oct 5, 2010 5:27am Oct 5, 2010 5:27am
short on fibre and cable


5883 s/l at 5925 t/p 5800

13774 s/l 1.3809 t/p 1.3720
@pawpaw1000 on Twitter
  • #258,527
  • Oct 5, 2010 5:29am Oct 5, 2010 5:29am
Quoting chazzle
long again 15875


To where?!
  • #258,528
  • Oct 5, 2010 5:29am Oct 5, 2010 5:29am
Quoting bbmac
??!!
Attached Image
  • #258,529
  • Oct 5, 2010 5:30am Oct 5, 2010 5:30am
Quoting WanderingDan
I have just taken my 4th short of the morning on cable.

Total 50 pips, selling after retrace towards 1.59 each time.

Can't see the break above the high so far, despite what others suggest.
I hope I am wrong, as their longs will kick them if it drops to 1.5830 and below - the direction I still believe it will go.

Anyway, all cable cashed at the mo.
Perhaps I am going senile early?
Nice trading WD - 30th Sept supply zone playing ball for you.
  • #258,530
  • Oct 5, 2010 5:31am Oct 5, 2010 5:31am
Quoting Reznik
To where?!
He has 20 pip targets........
  • #258,531
  • Oct 5, 2010 5:31am Oct 5, 2010 5:31am
Quoting WanderingDan
MY thoughts:

Short EUR / USD at 1.37750 looking for 10 pips

Short EUR / GBP at .8675 + looking for 20 pips

My thoughts re cable: Anything short from 1.5890

Yours?
If cable holds over 1.5869 ad we get another bull candle this 1h close.

Also Japans action over the night will likely cause stocks to raise when NY open, and that would make GU also go up.

Stocks are raising all over the world, and 1.5869 are respected. So at the moment I am still bullish.

I see cable going to retest last weeks high 1.5920 area, likely 1.5940.

My targets points are mentioed in a post earlier.

If 1.5869 breaks clean I will reconsider my positions.
  • #258,532
  • Oct 5, 2010 5:33am Oct 5, 2010 5:33am
Quoting darrenware
I only just recently moved from a Demo account to a Micro Account. I did not want to make a big jump into the real world of Live trading....need to get used to the emotional side of trading first
Fair play.

Ignore the money, concentrate on the pip gains.
It makes it easier.

I pay no attention to the cash. I sometimes roll for weeks if I believe in a view and don't fancy taking the loss. Ignoring the cash helps do that.

Good luck with the trading.
Dan TheMan
  • #258,533
  • Oct 5, 2010 5:39am Oct 5, 2010 5:39am
Quoting WanderingDan

Good luck with the trading.

Thank you
Enter Signature
  • #258,534
  • Oct 5, 2010 5:39am Oct 5, 2010 5:39am
Quoting Sunsi
If cable holds over 1.5869 ad we get another bull candle this 1h close.

Also Japans action over the night will likely cause stocks to raise when NY open, and that would make GU also go up.

Stocks are raising all over the world, and 1.5869 are respected. So at the moment I am still bullish.

I see cable going to retest last weeks high 1.5920 area, likely 1.5940.

My targets points are mentioed in a post earlier.

If 1.5869 breaks clean I will reconsider my positions.

I don't reckon the big boys are gonna throw anymore money into either Fibre or Cable until they have had the NFP...

There's alot of uncertainty at the moment and so figure we will range until then...

I sure as hell wouldn't put money into Dollars or Take from Dollar without knowing NFP results 1st!
@pawpaw1000 on Twitter
  • #258,535
  • Oct 5, 2010 5:40am Oct 5, 2010 5:40am
Quoting Sunsi
If cable holds over 1.5869 ad we get another bull candle this 1h close.

Also Japans action over the night will likely cause stocks to raise when NY open, and that would make GU also go up.

Stocks are raising all over the world, and 1.5869 are respected. So at the moment I am still bullish.

I see cable going to retest last weeks high 1.5920 area, likely 1.5940.

My targets points are mentioed in a post earlier.

If 1.5869 breaks clean I will reconsider my positions.
Fair play.
Best of luck, I hope the day proves fruitfall.
Dan TheMan
  • #258,536
  • Oct 5, 2010 5:41am Oct 5, 2010 5:41am
Quoting pawpaw1000
I don't reckon the big boys are gonna throw anymore money into either Fibre or Cable until they have had the NFP...

There's alot of uncertainty at the moment and so figure we will range until then...
!
I think you might have a good point there pawpaw
  • #258,537
  • Oct 5, 2010 5:42am Oct 5, 2010 5:42am
Quoting pawpaw1000
I don't reckon the big boys are gonna throw anymore money into either Fibre or Cable until they have had the NFP...

There's alot of uncertainty at the moment and so figure we will range until then...

I sure as hell wouldn't put money into Dollars or Take from Dollar without knowing NFP results 1st!
Good point.
What do you think we can expect from NFP, and how do you think it will affect?
I Think it will take some volum to get a clean break of 1.5869.

Likely range 1.5863-1.5895. Thoughts?
  • #258,538
  • Oct 5, 2010 5:44am Oct 5, 2010 5:44am
Likely that 2 bearish pinbars will beformed on USDX
  • #258,539
  • Oct 5, 2010 5:47am Oct 5, 2010 5:47am
Quoting pawpaw1000
I don't reckon the big boys are gonna throw anymore money into either Fibre or Cable until they have had the NFP...

There's alot of uncertainty at the moment and so figure we will range until then...

I sure as hell wouldn't put money into Dollars or Take from Dollar without knowing NFP results 1st!
Very good point.

Watch out for the downward short term spike after the US opens.
Otherwise, it's anyone's guess.
Dan TheMan
  • #258,540
  • Oct 5, 2010 5:48am Oct 5, 2010 5:48am
Quoting AdrianHNV
He has 20 pip targets........

I am sitting on my hands... No Open trades!!

45pips this Morning looks like I aint greedy no more.
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