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Cable Update (GBPUSD)

  • #258,641
  • Oct 5, 2010 8:48am Oct 5, 2010 8:48am
Quoting maestro007
Must say you dodged that unprovoked attack mighty well... look forward to hearing your thoughts... As you say, your account balance is suggesting you are doing something right...
Thank you.

Sometimes it's better to roll ones eyes and smile.
Dan TheMan
  • #258,642
  • Oct 5, 2010 8:52am Oct 5, 2010 8:52am
Quoting WanderingDan
Been a nice day so far. :-)


I am out now, all cable positions closed.
Cable has delivered over 100 pips for me today.

Can't complain.

It's not scientific, but when you have been in the industry as long as I have, it is possible to have a feeling based partly on facts.

Good to see someone 'older than me' doing well at FOREX, gives me the hope I need for the long term. (Although short term has thus far been very successful) it is good to keep learning from others, especially those who trade against the TREND
  • #258,643
  • Oct 5, 2010 8:53am Oct 5, 2010 8:53am
Can someone of the guys keep buy and sell all the day
Tell where are we and what his view or that is hard?
  • #258,644
  • Oct 5, 2010 8:54am Oct 5, 2010 8:54am
Sunsi,

Remember the discussion earlier about the DOW versus Cable?

It may still have a run up, but it's not looking likely at present.
Perhaps a late run to 1.5910

I will short if it gets close to 1.59 again.
Dan TheMan
  • #258,645
  • Oct 5, 2010 8:56am Oct 5, 2010 8:56am
Quoting AdrianHNV
Good to see someone 'older than me' doing well at FOREX, gives me the hope I need for the long term. (Although short term has thus far been very successful) it is good to keep learning from others, especially those who trade against the TREND
can't really say he is trading against the trend. Every timeframe have their own trend.
  • #258,646
  • Oct 5, 2010 8:56am Oct 5, 2010 8:56am
Quoting egkid
Can someone of the guys keep buy and sell all the day
Tell where are we and what his view or that is hard?

???????? IS there a question of some sort in here....... looks like double dutch to me
  • #258,647
  • Oct 5, 2010 8:57am Oct 5, 2010 8:57am
Quoting AdrianHNV
Good to see someone 'older than me' doing well at FOREX, gives me the hope I need for the long term. (Although short term has thus far been very successful) it is good to keep learning from others, especially those who trade against the TREND
How old are you Adrian? Jus' curious.

A bracket range answer will be enough. :-)
Dan TheMan
  • #258,648
  • Oct 5, 2010 8:59am Oct 5, 2010 8:59am
Quoting WanderingDan
Cable delivered another profit.

Been a nice day so far. :-)

There are those who have been certain of a bull run. They may well be right. But the market had little strength earlier, so every look up earned another short from me.

I missed the run after opening as you can see, but breakfast beckoned.
So I was short post opening, then short again between 1.58800 and 1.59

I am out now, all cable positions closed.
Cable has delivered over 100 pips for me today.

Can't complain.

It's not scientific, but when you have been in the industry as...
Thanks Dan, I guess I'll just have to work on that feeling.
  • #258,649
  • Oct 5, 2010 9:02am Oct 5, 2010 9:02am
Quoting Sutts
Thanks Dan, I guess I'll just have to work on that feeling.
Happy to help more mate.

I will post when time allows.
Can chat more fluidly on messenger if that helps?
Dan TheMan
  • #258,650
  • Oct 5, 2010 9:04am Oct 5, 2010 9:04am
Quoting samdol
can't really say he is trading against the trend. Every timeframe have their own trend.
Well said.
Dan TheMan
  • #258,651
  • Oct 5, 2010 9:05am Oct 5, 2010 9:05am
Quoting egkid
Can someone of the guys keep buy and sell all the day
Tell where are we and what his view or that is hard?
Can't be English, be must French?

Sorry mate, couldn't resist a little jib.

What's the question?
Dan TheMan
  • #258,652
  • Oct 5, 2010 9:08am Oct 5, 2010 9:08am
Quoting WanderingDan
How old are you Adrian? Jus' curious.

A bracket range answer will be enough. :-)
Ummmmmm fancy asking a Bee how old he is
  • #258,653
  • Oct 5, 2010 9:09am Oct 5, 2010 9:09am
Quoting WanderingDan
Happy to help more mate.

I will post when time allows.
Can chat more fluidly on messenger if that helps?
Thanks Dan, that would be great Got to dash now though...kids to pick up. Missed the morning break because of the darn school run too.

Nice trading today. Catch you later....
  • #258,654
  • Oct 5, 2010 9:12am Oct 5, 2010 9:12am
Quoting AdrianHNV
Ummmmmm fancy asking a Bee how old he is
Fair enough.

Only asked because of the reference to age earlier.

How did you get on trading today Bumble?
Dan TheMan
  • #258,655
  • Oct 5, 2010 9:14am Oct 5, 2010 9:14am
Quoting samdol
can't really say he is trading against the trend. Every timeframe have their own trend.

Too true, Sam, what I really meant was against the daily, weekly trend.
Or more too the point the what I would call general traders trend.
  • #258,656
  • Oct 5, 2010 9:16am Oct 5, 2010 9:16am
Quoting Sutts
Thanks Dan, that would be great Got to dash now though...kids to pick up. Missed the morning break because of the darn school run too.

Nice trading today. Catch you later....
You are welcome mate.

Ping me a message if you want to chat.
Will always help if I can.
Dan TheMan
  • #258,657
  • Oct 5, 2010 9:17am Oct 5, 2010 9:17am
Quoting WanderingDan
Fair enough.

Only asked because of the reference to age earlier.

How did you get on trading today Bumble?
really well thanks, managed to come out in profit of a few long term trades, the car park fees were starting to mount up.

Plus a few extras from yesterday and todays trading so overall. well deserving of a nice brandy later on much like you I suspect
  • #258,658
  • Oct 5, 2010 9:21am Oct 5, 2010 9:21am
seems like 5850 area is being propped up, perhaps we will range rest of NY or possibly a pop up to test the day's high from London session
  • #258,659
  • Oct 5, 2010 9:24am Oct 5, 2010 9:24am
Quoting uksnowman
seems like 5850 area is being propped up, perhaps we will range or possibly a pop up to test the day's high from London session

I make 5860 the 38.2 % fib retrace from this morning's rise.
  • #258,660
  • Oct 5, 2010 9:29am Oct 5, 2010 9:29am
Quoting Delite
I make 5860 the 38.2 % fib retrace from this morning's rise.
I have it a little lower but will vary on broker's charts with that spike down. Normally if cable respects the 50 level we are set for a continued upmove and if price doesn't get back below even the 38.2 level then PA still seems very bullish as we are seeing now. I am holding my longs for now.
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