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Cable Update (GBPUSD)

  • #261,461
  • Oct 21, 2010 3:23pm Oct 21, 2010 3:23pm
Sneaky long @ 1.5698 - TP 1.5740
Enter Signature
  • #261,462
  • Oct 21, 2010 3:32pm Oct 21, 2010 3:32pm
I got a stop order short placed 5 pips below the day low...possible extra 100 decline before any meaningful retrace...
  • #261,463
  • Oct 21, 2010 3:38pm Oct 21, 2010 3:38pm
Quoting darrenware
Sneaky long @ 1.5698 - TP 1.5740
if and only if the support holds otherwise it will target 1.5645
With patience and discipline,you move beyond the sky
  • #261,464
  • Oct 21, 2010 3:46pm Oct 21, 2010 3:46pm
Quoting biodunola07
if and only if the support holds otherwise it will target 1.5645
Yes...it is starting to look a little like it will head south now but i have a very tight stop as backup. Probably should of held back a little longer before pulling the trigger.
Enter Signature
  • #261,465
  • Oct 21, 2010 4:02pm Oct 21, 2010 4:02pm
Quoting wormboy
closed out the remaining longs.

a bit worried about them birds on daily. however, no weakness yet, so my position is flat.

good luck.
these birds on the daily are staying it seems. Another bearish close & only the monthly pvp stands in the way of a further 300 pips slide minimum. Will be keeping my short positions open for another day. Good luck.
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Thank You
  • #261,466
  • Oct 21, 2010 4:02pm Oct 21, 2010 4:02pm
Quoting nAVIN2007
i could and am probably wrong here, but i honestly think price is defining the support on dailly (basing)
From Hidden Kid to tiger what current position?
  • #261,467
  • Oct 21, 2010 4:22pm Oct 21, 2010 4:22pm
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scalping
  • #261,468
  • Oct 21, 2010 4:53pm Oct 21, 2010 4:53pm
Quoting chazzle
I got a stop order short placed 5 pips below the day low...possible extra 100 decline before any meaningful retrace...
cancelled-had a look at H4...not my kind of set-up really

Good luck everyone still in
  • #261,469
  • Oct 21, 2010 10:17pm Oct 21, 2010 10:17pm
The H4...Hrmmm

MACD says SELL!
LTL says, are we there yet?

Break below LTL, sell more, hold above, buy...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,470
  • Oct 21, 2010 10:24pm Oct 21, 2010 10:24pm
Short added at the 5m 200...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,471
  • Oct 21, 2010 10:38pm Oct 21, 2010 10:38pm
Similar patterns on the EJ 5 and the GU 15, showing that possible trace to 15m 200 quite possible...

purple line support, green dot possible topside target.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,472
  • Oct 21, 2010 10:43pm Oct 21, 2010 10:43pm
And, since I'm the only one talking anyways....

Check out the chart on EU...

Euro looks to be getting some strength, double hulls support and 200EMA. Only a top shoulder line that could interfere.

Headed up or head and shoulders?
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,473
  • Oct 21, 2010 11:43pm Oct 21, 2010 11:43pm
lol, magix my good friend , nice picture there ha ha , anyways back to the chart, not really looking like over abundent strength here we dropped below the weekly open shortly after the mkt opened Sunday monday and have had a nice drop down to the montly pivot bit of a bounce back to the hourly 200 and now back near the lows of the week . 2 things with the current price , it is at the montly open and also the quarterly open . those work like the daily rollover magix, they get taken out there could be more downside . I have been busy so have had to mess around taking longer term posistions . I will keep selling the hourly 200 till it dosent work anymore lol, cheers and green pips to all
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  • #261,474
  • Oct 21, 2010 11:48pm Oct 21, 2010 11:48pm
I see dead people
  • #261,475
  • Oct 21, 2010 11:59pm Oct 21, 2010 11:59pm
Quoting digger1
lol, magix my good friend , nice picture there ha ha , anyways back to the chart, not really looking like over abundent strength here we dropped below the weekly open shortly after the mkt opened Sunday monday and have had a nice drop down to the montly pivot bit of a bounce back to the hourly 200 and now back near the lows of the week . 2 things with the current price , it is at the montly open and also the quarterly open . those work like the daily rollover magix, they get taken out there could be more downside . I have been busy so have had to...
I hear ya dig...Just talking the here and now.

Daily roll defended and that long hulls supported right at the roll.

EJ and EU looking to go long on the hourly, might just give cable a little up thrust here as well.

Nice line to exit my shorts for a few sheckles.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,476
  • Oct 22, 2010 12:09am Oct 22, 2010 12:09am
Quoting Robot
I see dead people
I hear ya brother.

It only takes a couple whippy days to thin the traders around here.

And we have seen that!

Some will no longer trade, some are praying, some will need to fund their accounts, others just in it for the ride.

On weeks like this, we could use a revolving door for the thread.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,477
  • Oct 22, 2010 12:13am Oct 22, 2010 12:13am
Quoting Magix
I hear ya brother.

It only takes a couple whippy days to thin the traders around here.

And we have seen that!

Some will no longer trade, some are praying, some will need to fund their accounts, others just in it for the ride.

On weeks like this, we could use a revolving door for the thread.
Interesting you should mentioned that some need to fund their account(s). The new CTFC lev limits came in this week
  • #261,478
  • Oct 22, 2010 12:18am Oct 22, 2010 12:18am
Quoting Eulogy
Interesting you should mentioned that some need to fund their account(s). The new CTFC lev limits came in this week
Soon as the last change of trade restrictions was implemented, I dumped my US account in a hurry.

Not that I hedge a lot, so that wasn't the issue, but the FIFO sure chapped my ass.

The margin restriction, well, that's another story. I do like the cushion that 100:1 offers over what the yanks get to play with now.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,479
  • Oct 22, 2010 12:40am Oct 22, 2010 12:40am
Quoting Magix
Soon as the last change of trade restrictions was implemented, I dumped my US account in a hurry.

Not that I hedge a lot, so that wasn't the issue, but the FIFO sure chapped my ass.

The margin restriction, well, that's another story. I do like the cushion that 100:1 offers over what the yanks get to play with now.
  • #261,480
  • Oct 22, 2010 12:44am Oct 22, 2010 12:44am
Quoting Magix
I hear ya brother.

It only takes a couple whippy days to thin the traders around here.

And we have seen that!

Some will no longer trade, some are praying, some will need to fund their accounts, others just in it for the ride.

On weeks like this, we could use a revolving door for the thread.
yup. damn!!!!the market cleared out a lot of traders, i used to see 200 users on this thread on this time of night. It really is amazing to see how hard it is to beat this market, but when you do beat it its is so damn simple and you wish you had this mentality 10 years ago, some traders i see are making 100-900% a month, and it is amazing, and i do believe one who is a trader should make at least 15% a month profit or trading is not worth the risk, yes these traders are damn right beating most of these hedge funds, and yes they dont need anyones money to trade with because they make huge returns, and no they are not all billionaires because opening a position does have a limit or it might not get filled sometimes, and depends on how they trade. the reason why one starts a hedge fund is because they make 1-2%return a month thats why it will take forever for them to make good income, therefore they need a pool of money. you dont believe me? go to myfxbook there are some example. so in conclusion, these traders are here, and come along once in a while, 99.9% people who post in forexfactory are losers except the ones that have been here for a damn while and are still here... or they are probably in a mental hospital. So i tell you what people, what your doing here is wasting time, success in forex takes years and years of suffering and you have to have no life to actually become successful in this bi.ch, and the reason why some of these successful traders are in poor countries is because they had no job, they had lots of time in their hand, and they never gave up, so what you’ve just read so far was a waste of time and continue what you were doing
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