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Cable Update (GBPUSD)

  • #259,561
  • Oct 7, 2010 11:59pm Oct 7, 2010 11:59pm
Quoting chazzle
long 15864 see if yesterdays low holds...
pending also @ 15840.Stops @ 15810.TP @ 15915
  • #259,562
  • Oct 8, 2010 12:00am Oct 8, 2010 12:00am
Quoting wormboy
you're welcome.

yup, it's broker time. My trades are done with fxcm and the dp on the marketscope is @5906 & the one shown on my mt4 is a pip higher. I do all my charting from the mt4 so +-1 or 2 pips difference is okay to me.
Thank you
  • #259,563
  • Oct 8, 2010 12:04am Oct 8, 2010 12:04am
Quoting wormboy
thanks

yup I did say that, but to have left my trading desk when price was ard 1.6 after the ecb rates and took a real comfortable lead to bed, to wake up and find price being 160 pips the other way almost feels like robbery lol. Quite a number of stops would've been taken to the cleaners on both ends i suspect. Lucky I listened to the sheep in me and cleared partial position before taking off yesterday. Welp, let's see what happens, still no dp test yet today, we'll get one. I'll have to rethink my strategy once we get there. This is...

Does this happen most days?
  • #259,564
  • Oct 8, 2010 12:05am Oct 8, 2010 12:05am
Quoting chazzle
pending also @ 15840.Stops @ 15810.TP @ 15915
Risky, we have a new hourly lower close, price is just below support, next stop is 1,5780 i'd say
But i don't hold any positions right now so i hope it'll go in your way
COT: The precious data ignored
  • #259,565
  • Oct 8, 2010 12:06am Oct 8, 2010 12:06am
Quoting JuliusCeasar
Saw sellers at 1.5950-60 , everyone made fun of me about looking at a M30

apparently H4 was very "bullish"
Not "everyone".

Had I been around to trade it, the failed H1 spinning top at the W1 resistance @5950 would've been a good indication of sellers & I would've agreed with you.
Out of curiousity, what was your indication of sellers you saw on the m30?
Thanks.
Thank You
  • #259,566
  • Oct 8, 2010 12:10am Oct 8, 2010 12:10am
Quoting chazzle
pending also @ 15840.Stops @ 15810.TP @ 15915
have gone in early with 2nd order@15846
  • #259,567
  • Oct 8, 2010 12:11am Oct 8, 2010 12:11am
Quoting Delite
Does this happen most days?
yes it does, almost everyday.

the thing is tho, this can be marked down and kill the hopefull longs before making a final u turn at or after the nfp later.

p/s : when I say hopeful longs, I meant weak longs. If you're holding your trade from way down, you shouldn't be arsed, but if you're not, best to have an exit plan penned down.
Good luck
Thank You
  • #259,568
  • Oct 8, 2010 12:15am Oct 8, 2010 12:15am
short as well
Hero calls followed by margin calls...
  • #259,569
  • Oct 8, 2010 12:15am Oct 8, 2010 12:15am
Quoting chazzle
have gone in early with 2nd order@15846
really mate .. wait for it to turn. what's the rush?
Thank You
  • #259,570
  • Oct 8, 2010 12:16am Oct 8, 2010 12:16am
1.60?
Pity the fool who thinks they'll make it overnight...
  • #259,571
  • Oct 8, 2010 12:21am Oct 8, 2010 12:21am
some buyers emergiung in the previous 1hr/4hr swing lo zone leading down to yesterday's lo. How strong are they ??...1min/5min bullish divergence there at current intraday lows.

G/L

http://www.easy-upload.net/fichiers/z.201010892018.gif
ex member
  • #259,572
  • Oct 8, 2010 12:22am Oct 8, 2010 12:22am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Good day everyone,

Long at 15838 and 15845 .. TP 15970

Good luck
  • #259,573
  • Oct 8, 2010 12:29am Oct 8, 2010 12:29am
Quoting deanbo
1.60?
That is hopeful, but at this point, no doubletop.
The htf has price at the inverse H&S neckline, a broken bullflag & above an ascending ltl. They're all bullish indication and are pointing towards a continuation. There's also the monthly pivot @645, I'd say in order for the doubletop to be valid, it has to at least get there and test it.

wait ... you're talking about the possibility of the W1 doubletop right? or did I ballsed that up?
Attached Image (click to enlarge)
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Thank You
  • #259,574
  • Edited 12:47am Oct 8, 2010 12:33am | Edited 12:47am
Quoting wormboy
Not "everyone".

Had I been around to trade it, the failed H1 spinning top at the W1 resistance @5950 would've been a good indication of sellers & I would've agreed with you.
Out of curiousity, what was your indication of sellers you saw on the m30?
Thanks.

There was rise in volumes when it went above 1.595, pushing it down

anyways seems to have found some support at 1.583 area but weekly candle will tell a story

double top on daily and sideways between 1.53-1.60 would not surprise

I would not buy this thing if it closed below 1.5830 today
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Mind over matter..I don't mind and you don't matter.
  • #259,575
  • Oct 8, 2010 12:33am Oct 8, 2010 12:33am
Quoting samirb
Good day everyone,

Long at 15838 and 15845 .. TP 15970

Good luck
m2....5.0 lot : p
Hero calls followed by margin calls...
  • #259,576
  • Oct 8, 2010 12:40am Oct 8, 2010 12:40am
U.s NFP later, last month's -54k headline #, this month ADP saying -36k and other forecasts seem to range between -5k to +5k ??...Un-emp forecast to rise to 9.7% from 9.6% also....It's a lottery and as usual market reaction depends on revisions from previous, deviation from previous and forecasts and private jobs/manufacturing jobs component and un-emp rate...so a lot of variables that will determone knee-jerk and longer market reaction.

As usual I will see what reaction is and react to any hi-probability opps that may result.

G/L
ex member
  • #259,577
  • Oct 8, 2010 12:42am Oct 8, 2010 12:42am
Quoting JuliusCeasar
There was rise in volumes when it went above 1.595, pushing it down

anyways seems to have found some support at 1.583 area but weekly candle will tell a story

double top on daily and sideways between 1.53-1.60 would not surprise
yup, the churned doji before it was a warning. you nailed it, well played
Honestly, I wouldn't have laughed
Thanks for sharing.
Attached Image (click to enlarge)
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Thank You
  • #259,578
  • Oct 8, 2010 12:47am Oct 8, 2010 12:47am
My sentiment is bearish today until we find demand at the 1.57 area or lower at the 1.55 area due to the daily candlestick. Saying that I am not trading today because of NFP... to much whipsaw for my liking.

Why so much whipsaw? Because the smart money has left the market leaving the retailers to lose their shirts... lol

I wish you success with your trading.
  • #259,579
  • Oct 8, 2010 12:49am Oct 8, 2010 12:49am
Quoting bbakker

Why so much whipsaw? Because the smart money has left the market leaving the retailers to lose their shirts... lol
I still have my shirt.










Just no shorts
Thank You
  • #259,580
  • Oct 8, 2010 12:51am Oct 8, 2010 12:51am
Quoting wormboy
I still have my shirt.










Just no shorts


Have a great day trading Wormie and enjoy the weekend!
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