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Cable Update (GBPUSD)

  • #259,061
  • Oct 6, 2010 10:14am Oct 6, 2010 10:14am
Quoting Sutts
Just took +55 on cable and EU is up 53 too. Not a bad little run.

Thanks to Dan for giving me the confidence to hold this past the first swing point. Cashing in on positions early is my greatest failing. Wish I knew why you thought it would get back to 1.59 though.

Cheers
Years and years and years of expierence.

Plus, man in the pub said so ;-)
Dan TheMan
  • #259,062
  • Oct 6, 2010 10:15am Oct 6, 2010 10:15am
Quoting WanderingDan
Years and years and years of expierence.

Plus, man in the pub said so ;-)
  • #259,063
  • Oct 6, 2010 10:16am Oct 6, 2010 10:16am
I don't know how you guys do it,

I have now closed the below positions@ 1.5895

1.5886 +9
1.5868 +27
1.5843 +52

it is not a way I would like to trade, having this as my game plan kept me out of the break down which I would have been in.

I made a better profit playing the EUR/USD bounce @ 1.3800 (by better i meant time spent against profit earned )
I made a 40 pip 2%

The above was hard work (mentally) and not how I like to trade.

Quoting Dayboy001
Today's plan is to wait for a retrace to add longs roughly

1.5886
1.5868
1.5843

how do these numbers sit with you guys ?

also have a long if we break yesterdays high
  • #259,064
  • Oct 6, 2010 10:19am Oct 6, 2010 10:19am
Quoting WanderingDan
As far as I am concerned, the Euro is behaving like a naughty little school boy and it needs a smacked bum!

It has no business reachig these dizzy heights, regardless of the dollars position.
Good day to you,

Price action on EUR is too uniform on the weekly bars - somethings up (excuse the pun). Terminators at work.... for sure. Smoke and mirrors.

Regards
  • #259,065
  • Oct 6, 2010 10:19am Oct 6, 2010 10:19am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Good day everyone

Gone short at 15895 - 2 position

Gartely AB=CD

Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: 30min gartley.png Size: 47 KB
  • #259,066
  • Oct 6, 2010 10:20am Oct 6, 2010 10:20am
Quoting Dayboy001
I don't know how you guys do it,

I have now closed the below positions@ 1.5895

1.5886 +9
1.5868 +27
1.5843 +52

it is not a way I would like to trade, having this as my game plan kept me out of the break down which I would have been in.

I made a better profit playing the EUR/USD bounce @ 1.3800 (by better i meant time spent against profit earned )
I made a 40 pip 2%

The above was hard work (mentally) and not how I like to trade.
The trick is to remain calm.
Not easy I know.

I jsut shorted again at 5890 ish, looking for 20 pips

Well done thus far

Really well done
Dan TheMan
  • #259,067
  • Oct 6, 2010 10:21am Oct 6, 2010 10:21am
Quoting TauTrader
Good day to you,

Price action on EUR is too uniform on the weekly bars - somethings up (excuse the pun). Terminators at work.... for sure. Smoke and mirrors.

Regards
I know mate, but it really gets my goat at times.

The euro has no business being this strong.
Even the German's don't like it and that's saying something!
Dan TheMan
  • #259,068
  • Oct 6, 2010 10:22am Oct 6, 2010 10:22am
Quoting AllyB
Don't feel the rhythm today eg so sitting on the sidelines
Quoting egkid
Now PA 1.5855 for me i c it time to go up from here
Let c this B... start to annoying mehttp://cdn.forexfactory.com/images/smilies/2/boxing.gif
Should i slap u to B A Good girl
Attached Image
  • #259,069
  • Oct 6, 2010 10:23am Oct 6, 2010 10:23am
Quoting TauTrader
Good day to you,

Price action on EUR is too uniform on the weekly bars - somethings up (excuse the pun). Terminators at work.... for sure. Smoke and mirrors.

Regards
Now you mention it, yes freaky.

she sure is flying though
  • #259,070
  • Oct 6, 2010 10:25am Oct 6, 2010 10:25am
dx still diving.
  • #259,071
  • Oct 6, 2010 10:25am Oct 6, 2010 10:25am
All long cables cashed in.

Shorts added from 5990 + looking for 5970 on all of them.

Nice day all in all.


Only wish I had added more shorts for the drop earlier.

Not to worry.........
Dan TheMan
  • #259,072
  • Oct 6, 2010 10:28am Oct 6, 2010 10:28am
That's enough for me today guys, have a good one, see you all bright and early tomorrow.

Cheers

Rob

P.S. Wormboy, have a cold one for me too !!
  • #259,073
  • Oct 6, 2010 10:30am Oct 6, 2010 10:30am
Cheers Dayboy001,

You don't happen to live in Soho by any chance do you?

:-)
Dan TheMan
  • #259,074
  • Oct 6, 2010 10:31am Oct 6, 2010 10:31am
Quoting WanderingDan
Cheers Dayboy001,

You don't happen to live in Soho by any chance do you?

:-)
No, Oxfordshire, England
  • #259,075
  • Oct 6, 2010 10:32am Oct 6, 2010 10:32am
Quoting Leche Mocha
The G/U seems to be content on staying in range bound pattern. I'm out at the moment and will wait for movement to commence again. So much for the diamond pattern breakout. I guess it was a dud.
Agree with you slightly range-bound Leche, but we continue to make higher lows on the 4 hour. I'm keeping my position (average of 1.5780) and just moving my stops up to be below each significant new 4 hour candle low. Pressure has been much more on the upside than down and while I'm a bit apprehensive about tomorrow's MPC Rate Statement, I'm going to hold out. I'll take a look tomorrow night and tighten up the stop a bit more if I think it's needed.

Best trading!
check out my blog: forexmademillionaire dot com
  • #259,076
  • Oct 6, 2010 10:32am Oct 6, 2010 10:32am
Bearish bat. High chance of retrace to 5880.
  • #259,077
  • Oct 6, 2010 10:32am Oct 6, 2010 10:32am
Quoting TauTrader
Wazzap!

Conviction of note you have. Must admit...

All good Nav - thank you for the greetings. See you in the trenches..

Go well!

Regards
u too buddy..

u have to hand it to usd it know how to drop lucky my demo account it getting blown
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  • #259,078
  • Oct 6, 2010 10:32am Oct 6, 2010 10:32am
Quoting chazzle
won't be around today...pending longs @ 15890 , 15870

GL All
closed both for 26 total

Now short average price 15888....do not think we will break the day high,despite bullish PA last couple of hours...started to see some weakness about a week ago with the large down move.Support of 15870 broken today (Thanks Wormboy for pointing out break of bearish pennant-I still need to practice spotting patterns like this and Gartley patterns)...reckon we could see low 15800's before NFP...Good luck All
  • #259,079
  • Oct 6, 2010 10:33am Oct 6, 2010 10:33am
Quoting Dayboy001
No, Oxfordshire, England
Oh, I thought perhaps the name was an indication that you hail from Soho, London ;-)

Dan TheMan
  • #259,080
  • Oct 6, 2010 10:34am Oct 6, 2010 10:34am
Quoting egkid
Should i slap u to B A Good girl
Attachment
You go after GU and let's have wanderingdan go after EU!!!!!

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