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Cable Update (GBPUSD)

  • #262,761
  • Nov 2, 2010 3:10am Nov 2, 2010 3:10am
Quoting bbakker
Don't be hasty Darren. I don't know where you got in, but I was short from 1.6075 and my SL is now at 1.6035
Thanks for the nudge BB...I was in from last night not today so was in at 1.6044.
Enter Signature
  • #262,762
  • Nov 2, 2010 3:11am Nov 2, 2010 3:11am
Quoting Dayboy001
was starting to worry about your trade, hope you didn't pull the plug on it ?
if you don't mind me asking, where is your target?
nah I didn't need to pull the plug, it's only 62 pips risk. plus the bearish formation yesterday was reassuring.
Still looking at the monthly pvp test as the first target. Will see how price reacts there before deciding the next move. Keep in mind that if price settles at the monthly pvp at daily close later, we'll have a complete evening star. Tho, the weekly is bullish, I'll keep my options open if that happens.
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Thank You
  • #262,763
  • Nov 2, 2010 3:12am Nov 2, 2010 3:12am
the markets are really crazy... they surprise you when you least expect it. Thank goodness i exited my small long when i felt the boring PA. its either its moving or something is cooking somewhere. where do we go from here?
I see 159... again only the crazy market knows!
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  • #262,764
  • Nov 2, 2010 3:12am Nov 2, 2010 3:12am
Quoting Dayboy001
was starting to worry about your trade, hope you didn't pull the plug on it ?
if you don't mind me asking, where is your target?
Wormboy would have been soundly asleep with no worries at all! His target I believe is ~1.59 and maybe even lower, but only Wormie knows his targets! He had his monthly PVP at 1.5926 and weekly PVP at 1.5907.

http://www.forexfactory.com/showthre...07#post4140107
  • #262,765
  • Nov 2, 2010 3:17am Nov 2, 2010 3:17am
Quoting bbmac
The last 1hr candle closes was a master bearish thrust engulf, engulfing last 17 bodies before it...significant ??

G/L
Was to those who were LONG !!
  • #262,766
  • Nov 2, 2010 3:20am Nov 2, 2010 3:20am
Thats was close it was 3 pips away from my SL at 1.6015
Enter Signature
  • #262,767
  • Nov 2, 2010 3:21am Nov 2, 2010 3:21am
Quoting bbakker
Wormboy would have been soundly asleep with no worries at all! His target I believe is ~1.59 and maybe even lower, but only Wormie knows his targets! He had his monthly PVP at 1.5926 and weekly PVP at 1.5907.

http://www.forexfactory.com/showthre...07#post4140107
yup,
hope you're smiling brian
Thank You
  • #262,768
  • Nov 2, 2010 3:23am Nov 2, 2010 3:23am
Quoting bbakker
Don't be hasty Darren. I don't know where you got in, but I was short from 1.6075 and my SL is now at 1.6035
Thats saved me a little BB my original stop loss was at 1.6010 but changed it to 1.6015....lets see how it goes.

Dont want to move it any higher.
Enter Signature
  • #262,769
  • Nov 2, 2010 3:24am Nov 2, 2010 3:24am
Quoting darrenware
Thats saved me a little BB my original stop loss was at 1.6010 but changed it to 1.6015....lets see how it goes.

Dont want to move it any higher.
don't move it any lower either. momentum is down, enjoy the ride
Thank You
  • #262,770
  • Nov 2, 2010 3:27am Nov 2, 2010 3:27am
Quoting wormboy
don't move it any lower either. momentum is down, enjoy the ride
Cheers....I've brought the ticket and I am on
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  • #262,771
  • Nov 2, 2010 3:27am Nov 2, 2010 3:27am
Quoting wormboy
yup,
hope you're smiling brian
From cheek to (arrrse) cheek... lol
  • #262,772
  • Nov 2, 2010 3:27am Nov 2, 2010 3:27am
Quoting Dayboy001
Was to those who were LONG !!
absolutely - lol !!

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ex member
  • #262,773
  • Nov 2, 2010 3:29am Nov 2, 2010 3:29am
I actually have a day job and I did fook all work yesterday... lol. I am signing off for today. Wish you success with your trading!
  • #262,774
  • Nov 2, 2010 3:32am Nov 2, 2010 3:32am
Quoting bbakker
I actually have a day job and I did fook all work yesterday... lol. I am signing off for today. Wish you success with your trading!
Dont work too hard....you need the energy for trading
Enter Signature
  • #262,775
  • Nov 2, 2010 3:36am Nov 2, 2010 3:36am
Quoting bbakker
I actually have a day job and I did fook all work yesterday... lol. I am signing off for today. Wish you success with your trading!
No disrespect meant to anyone but there seem to be some very good traders (or analysts at least) that still hold down their day jobs, would it not be more beneficial to concentrate more time on trading?

I am a long way off I know but my main goal is to trade on its own without the NOISE of work.
  • #262,776
  • Nov 2, 2010 3:40am Nov 2, 2010 3:40am
I am way of leaving my day job also but i personally have responsibilities like feeding and clothing my kids so the jump for me would a be a big one
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  • #262,777
  • Nov 2, 2010 3:45am Nov 2, 2010 3:45am
short with target 1.5899
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  • #262,778
  • Nov 2, 2010 3:47am Nov 2, 2010 3:47am
Quoting Dayboy001
No disrespect meant to anyone but there seem to be some very good traders (or analysts at least) that still hold down their day jobs, would it not be more beneficial to concentrate more time on trading?

I am a long way off I know but my main goal is to trade on its own without the NOISE of work.
I left my day job last christmas I feel it was worth it. I had all the time you need to study and learn. But being young I only have a bit of rent and some food money to make everymonth lol so its a lot easier for me no pressure to make lots like some would have.

A couple weekends work gardening could get my rent if I failed to make my rent on the market lol.
  • #262,779
  • Nov 2, 2010 3:57am Nov 2, 2010 3:57am
Quoting wormboy
nah I didn't need to pull the plug, it's only 62 pips risk. plus the bearish formation yesterday was reassuring.
Still looking at the monthly pvp test as the first target. Will see how price reacts there before deciding the next move. Keep in mind that if price settles at the monthly pvp at daily close later, we'll have a complete evening star. Tho, the weekly is bullish, I'll keep my options open if that happens.
Your targets are highly possible plus more, well done .
You've got to be IN IT to WIN IT!
  • #262,780
  • Nov 2, 2010 3:58am Nov 2, 2010 3:58am
118 pip drop off the current intraday hi now...price arriving at the previous 4hr swing hi x 2 zone (potential rbs) but shallow recovery off that so far.

Done for the day, may pop back later this london afternoon see what I missed.

G/L

http://www.easy-upload.net/fichiers/z.2010112115733.gif
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