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Cable Update (GBPUSD)

  • #258,681
  • Oct 5, 2010 9:58am Oct 5, 2010 9:58am
Quoting Geppy
Hmmm... my TP is at 1.6030
That'll be swell.
I have mine to collect partially @970. I just need a touch of 938 to book further profit
Thank You
  • #258,682
  • Oct 5, 2010 9:59am Oct 5, 2010 9:59am
http://news.yahoo.com/s/ap/20101005/...rader_on_trial

n there will be more n more after this
  • #258,683
  • Oct 5, 2010 9:59am Oct 5, 2010 9:59am
Quoting darrenware
Mine is 1.5979....I've been waiting all day lol
All day? That's all? I've been waiting weeks for mine, but I've traded in and out between the mid 1.57s and high 1.58s a few times. Still... waiting weeks for this breakout. It's imminent.
check out my blog: forexmademillionaire dot com
  • #258,684
  • Oct 5, 2010 10:00am Oct 5, 2010 10:00am
Quoting darrenware
Its trying
Quoting iqyu5an
in a moment bro

i am still far away 5990 for partial
no biggie, I'm not in a hurry. Hope you guys are trading well
Thank You
  • #258,685
  • Oct 5, 2010 10:01am Oct 5, 2010 10:01am
Quoting wormboy
That'll be swell.
I have mine to collect partially @970. I just need a touch of 938 to book further profit
Can't argue with that. I'm loving this PA... loaded the boat with EUR/USD and GBP/USD @ about 1.3670 and 1.5780 respectively the other night
check out my blog: forexmademillionaire dot com
  • #258,686
  • Oct 5, 2010 10:01am Oct 5, 2010 10:01am
Quoting Geppy
All day? That's all? I've been waiting weeks for mine, but I've traded in and out between the mid 1.57s and high 1.58s a few times. Still... waiting weeks for this breakout. It's imminent.
Yeah....the new trader in me is a little impatient. I better have words with myself
Enter Signature
  • #258,687
  • Oct 5, 2010 10:05am Oct 5, 2010 10:05am
Quoting wormboy
no biggie, I'm not in a hurry. Hope you guys are trading well
Getting there slowly....just 10 more years of trading and I should be there
Enter Signature
  • #258,688
  • Oct 5, 2010 10:05am Oct 5, 2010 10:05am
I think we have confirmation now.

Quoting Leche Mocha
I see a possible diamond pattern forming on 4H but I don't see a double top.

You have to zoom into the last 35 candles to see it.
  • #258,689
  • Oct 5, 2010 10:05am Oct 5, 2010 10:05am
Quoting Geppy
Can't argue with that. I'm loving this PA... loaded the boat with EUR/USD and GBP/USD @ about 1.3670 and 1.5780 respectively the other night
some healthy gains there buddy
We have almost identical trades for cable there, but I'm flat on yoorow. Amazing 1000+ pips climb there in less than a month & I didn't get a single pip on that sucker
Thank You
  • #258,690
  • Oct 5, 2010 10:06am Oct 5, 2010 10:06am
Negative divergence on M15 MACD.
  • #258,691
  • Oct 5, 2010 10:07am Oct 5, 2010 10:07am
Quoting Geppy
Can't argue with that. I'm loving this PA... loaded the boat with EUR/USD and GBP/USD @ about 1.3670 and 1.5780 respectively the other night
Think we about to see a nice fall on EU....Looking for a nice ride here.

TIMBERRRRRRRRRRRRRRRRRRRRRRR!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #258,692
  • Oct 5, 2010 10:07am Oct 5, 2010 10:07am
Quoting WanderingDan
I would take at 1.5925 if there was a few pips profit.
Might see some resistance higher than that.

I may be wrong and I hope I am, but I can't see a long run up coming.
Thanx for the update.

I can even see the price getting resisted at this level.
  • #258,693
  • Oct 5, 2010 10:09am Oct 5, 2010 10:09am
Quoting wormboy
some healthy gains there buddy
We have almost identical trades for cable there, but I'm flat on yoorow. Amazing 1000+ pips climb there in less than a month & I didn't get a single pip on that sucker
Yeah just slightly outperforming Cable, huh? lol

I think it's got more room yet though and I took the correction this week as an opportunity to hop in. 1.4300/1.44 isn't out of the question... after that, I'd have to jump on the sidelines and play spectator for a bit.
check out my blog: forexmademillionaire dot com
  • #258,694
  • Oct 5, 2010 10:10am Oct 5, 2010 10:10am
Quoting Magix
Think we about to see a nice fall on EU....Looking for a nice ride here.

TIMBERRRRRRRRRRRRRRRRRRRRRRR!
I'd rather paddle with the current than upstream... call me lazy
check out my blog: forexmademillionaire dot com
  • #258,695
  • Oct 5, 2010 10:11am Oct 5, 2010 10:11am
Quoting ammarmemon
Thanx for the update.

I can even see the price getting resisted at this level.

You are welcome mate.

I hope my ramblings are useful.
Dan TheMan
  • #258,696
  • Oct 5, 2010 10:12am Oct 5, 2010 10:12am
Quoting Geppy
I'd rather paddle with the current than upstream... call me lazy
Didn't say load the boat cuz the stream has already changed, but EUR against the USD and GBP and JPY is massively overbought. There will be a correction my friend, oh yes there will.

Hey, I will drop in an order for shorts here, only looking for 300-600 downside....



Shorts
EU - 1.3842
EJ - 114.95
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #258,697
  • Oct 5, 2010 10:15am Oct 5, 2010 10:15am
Quoting Magix
Think we about to see a nice fall on EU....Looking for a nice ride here.

TIMBERRRRRRRRRRRRRRRRRRRRRRR!
I agree. 1.385 is a good top. 1.402 is the next possibility, before the fall to 1.345 and 1334. We've gotten here in good deal to the crappy US buck; BUT, reversals are in order on USDX as well - whether they'll stick and for how long is the $64,000 question, but there's a case currently to be made for strength returning to the US$. Not to mention the boatload of euro issues that are just calling for a spotlight. Not to mention, the feeble BoJ is not going to sit by and watch it's just announced measures to get thrown overboard - they should come through to add strength to the US$.
  • #258,698
  • Oct 5, 2010 10:19am Oct 5, 2010 10:19am
Quoting Magix
Didn't say load the boat cuz the stream has already changed, but EUR against the USD and GBP and JPY is massively overbought. There will be a correction my friend, oh yes there will.

Hey, I will drop in an order for shorts here, only looking for 300-600 downside....



Shorts
EU - 1.3842
EJ - 114.95
Nice choice.

I am short and waiting for the run.
Happy with 20 pips though, don't fancy holding out for 300 ;-/
Dan TheMan
  • #258,699
  • Oct 5, 2010 10:20am Oct 5, 2010 10:20am
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...
I can't complain either. Closed a little over 200 pips without a single short in sight.
What was it again? bulls make money, bears make money & pigs die is it?
We totally had different trading ideas today but with a bit of luck both ended making some.
Well done on your gains
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Thank You
  • #258,700
  • Oct 5, 2010 10:20am Oct 5, 2010 10:20am
Quoting Beljevina
I agree. 1.385 is a good top. 1.402 is the next possibility, before the fall to 1.345 and 1334. We've gotten here in good deal to the crappy US buck; BUT, reversals are in order on USDX as well - whether they'll stick and for how long is the $64,000 question, but there's a case currently to be made for strength returning to the US$. Not to mention the boatload of euro issues that are just calling for a spotlight.
I would prefer EJ to tap out in the 115.70 area, but for right now, given the days and a little of a weak moment, it being Tuesday and all....I am taking advantage of the current spike highs.

What really is a few more bone to the top, but another opportunity to scalp north and enter for south.

With the slide, hard to figure what cable and the dragon gunna do, so not going to play them so much the same as of yet, but will watch for weakness on the day and if presents, will hammer them harder then Bob Villas left thumb!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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