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Cable Update (GBPUSD)

  • #262,081
  • Oct 27, 2010 10:11am Oct 27, 2010 10:11am
Are we going to see 100?
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,082
  • Oct 27, 2010 10:22am Oct 27, 2010 10:22am
Quoting bbakker
Speaking of the devil, he has awoken from his slumber. He must have had red hot ears with us bantering about him, for him to be woken...

You missed all the short action mango!
The chart moves everyday...

I don't worry about the ones that got away, I celebrate the ones I close in the green. As of current, I don't believe the world is supposed to end until 2012...I gotta lotta market to play until then.

Buwahahahahahahaha
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,083
  • Oct 27, 2010 10:26am Oct 27, 2010 10:26am
Always time for a couple quickies....

heh.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,084
  • Oct 27, 2010 10:32am Oct 27, 2010 10:32am
Quoting Magix
The chart moves everyday...

I don't worry about the ones that got away, I celebrate the ones I close in the green. As of current, I don't believe the world is supposed to end until 2012...I gotta lotta market to play until then.

Buwahahahahahahaha
So true Magix, so true! lol

Quoting bbakker
It seems that both EU and GU are following ES and ES is trying to close the gap at 1184.8 (Price at close of gap on my chart) so we could still see some more upside this morning on both pairs. Keep an eye on ES.

I did take my GU short, but this one will be a quickie... lol

Moved my SL to BE already!
Quoting bbakker
My price target for today is 1.5730 based on Digger's cam lines. Let's see what happens!

Good luck everyone and I wish you success with your trading!
Love Digger's cams! Hit my target today. Caught the top after the London rally to bottom... well today's bottom... so far... lol
  • #262,085
  • Oct 27, 2010 10:33am Oct 27, 2010 10:33am
Quoting Magix
Always time for a couple quickies....

heh.
I was tempted, but I am on an XLT.

Catch you later mango. Be good and trade well, as you always do!
  • #262,086
  • Oct 27, 2010 10:34am Oct 27, 2010 10:34am
Quoting bbakker
So true Magix, so true! lol





Love Digger's cams! Hit my target today. Caught the top after the London rally to bottom... well today's bottom... so far... lol


Pull a 15m with the 200 on dragon...when she pops, cable pops. Should see a little GBP strength.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,087
  • Oct 27, 2010 10:37am Oct 27, 2010 10:37am
Quoting Magix
Always time for a couple quickies....

heh.
Bullish Gartley.
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  • #262,088
  • Oct 27, 2010 10:44am Oct 27, 2010 10:44am
Always nice to keep fresh trades in play...

Couple reloads....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,089
  • Oct 27, 2010 11:10am Oct 27, 2010 11:10am
Dragon and EJ hitting their 200s...

Out all trades...Schweeeeeeeeeet!

Good rides guys.

Enjoy the day!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,090
  • Oct 27, 2010 1:45pm Oct 27, 2010 1:45pm
Quoting trending
Bullish Gartley.
Nice find, even if it was against my rules to trade (after London close) , it was a good run.
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  • #262,091
  • Oct 27, 2010 3:39pm Oct 27, 2010 3:39pm
Well, got some nice fibo retraces...dragon back to 100 on daily open, cable almost on 50, EJ up to 61.8 and EU @ 38.2. Could we be looking for an all out mass exodus?

Hrmmmmmmmmmm.......
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,092
  • Oct 27, 2010 4:12pm Oct 27, 2010 4:12pm
Quoting Magix
Well, got some nice fibo retraces...dragon back to 100 on daily open, cable almost on 50, EJ up to 61.8 and EU @ 38.2. Could we be looking for an all out mass exodus?

Hrmmmmmmmmmm.......
Quoting bbakker
...Dollar could weaken again when we hit DIX supply ~78.50-78.85...
On my chart DIX hit 78.50 before turning. I am getting better at seeing probable turning levels now. I am sure the market will kick me in the teeth sooner rather than later to bring me back down to earth... lol, but hey my MM should hold me in good stead.

Don't know about a mass exodus, but I certainly see some dollar weakness again and I would not be surprised if we go back down to 77.

I am going to stick my neck out and state 76.75-77.00 until the Advance GDP US figures come out with a small dollar rally come Friday. Of course, I could be completely wrong... lol
  • #262,093
  • Oct 27, 2010 4:13pm Oct 27, 2010 4:13pm
Quoting grashid
remember mate this week is the last week and end month..so what? daily is very powerful mate..forget?

good luck n keep it shut my answer to u just now....

g
Verily, in every difficulties there is relief
  • #262,094
  • Oct 27, 2010 4:16pm Oct 27, 2010 4:16pm
Quoting bbakker
Still short on my EU (~60 pips) and GU (~100 pips) day trading positions although only one remaining runner left with a trailing stop and a final target as already mentioned numerous times today... lol

Got two long-term short postions on EURUSD (1.4013) and NZDUSD (0.7550). Not quite the top, but practice makes perfect.

I won't take any further long-term short positions on the $ as I don't want to put all my eggs in one basket. Dollar could weaken again when we hit DIX supply ~78.50-78.85.

QE2 expectation will turn into reality next...
very well trade... sorry i fall asleep last night... now i got my position hedged
Verily, in every difficulties there is relief
  • #262,095
  • Oct 27, 2010 4:22pm Oct 27, 2010 4:22pm
Quoting bbakker
On my chart DIX hit 78.50 before turning. I am getting better at seeing probable turning levels now. I am sure the market will kick me in the teeth sooner rather than later to bring me back down to earth... lol, but hey my MM should hold me in good stead.

Don't know about a mass exodus, but I certainly see some dollar weakness again and I would not be surprised if we go back down to 77.

I am going to stick my neck out and state 76.75-77.00 until the Advance GDP US figures come out with a small dollar rally come Friday. Of course, I could...
Here's what I see.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,096
  • Oct 27, 2010 4:31pm Oct 27, 2010 4:31pm
Quoting primzvicious
very well trade... sorry i fall asleep last night... now i got my position hedged
Thanks! Time for me to hit the sack, although I am not 100% sure what to do with my open EU trade which is 220 pips in profit as I write this. Will it need to touch the 200ema on h1 before we make the move down. There is also a pennant that has formed on the higher timeframe, which means we could visit 1.40 again wiping all my profit on my last runner.

We are currently in a steep down channel on the h1 and the utl is closely matched by the 25ema. DP is at 1.3795, which will hit the utl. I might have to stay up a little longer to see how it reacts.

Trade management on the longer timeframes is hard work... lol! Certainly something I need to develop more and work on!

Wrong thread...lol!
  • #262,097
  • Oct 27, 2010 4:35pm Oct 27, 2010 4:35pm
There we have it....

Loaded one on 50.

Same on EU.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,098
  • Oct 27, 2010 4:40pm Oct 27, 2010 4:40pm
Quoting Magix
Here's what I see.
All bullish signs on the daily chart and I agree we will see dollar strength over the next few weeks, but it could still drop to 77 and those daily bull signals would still be valid, just not so prominent. One more drop and then a rally up???

EU reacted to DP and my utl on h1. Now is this just a temporary drop or is Asia going to push this baby further up??? Have to wait for the hourly close to see if the candlestick body is above the line or not! Decisions, decisions... My target for the drop on EU is 1.33 and maybe even lower!
  • #262,099
  • Oct 27, 2010 4:43pm Oct 27, 2010 4:43pm
Quoting bbakker
All bullish signs on the daily chart and I agree we will see dollar strength over the next few weeks, but it could still drop to 77 and those daily bull signals would still be valid, just not so prominent. One more drop and then a rally up???

EU reacted to DP and my utl on h1. Now is this just a temporary drop or is Asia going to push this baby further up??? Have to wait for the hourly close to see if the candlestick body is above the line or not! Decisions, decisions... My target for the drop on EU is 1.33 and maybe even lower!
Only in for a good time Brian...not a long time.

NY scorched a new low after London closed, may not get it all back but should see a few sheckles.

30M 200 EMA, worth a shot. SL set just above 61.8 line on current = 1.58.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,100
  • Oct 27, 2010 4:43pm Oct 27, 2010 4:43pm
Quoting Magix
There we have it....

Loaded one on 50.

Same on EU.
Short then...

P.S. Nice suspension... that was quick of the mark!
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