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Cable Update (GBPUSD)

  • #263,701
  • Nov 8, 2010 10:12pm Nov 8, 2010 10:12pm
Cool input Mag, Thanks!

True, What's even more odd is the GBP news release at 8pm EST US "time" WTF?!
Yeah cable got battered a bit (really only 70 pips - about a decent stop for the pair.)

I haven't been messing around with dragon lately. Also replaced U/J with Aussie as my 4th Major.
So it's G/U - E/U - U/C - A/U for the mains, of course Gold and Silver
and some of the crosses, Like E/G.

Metals are on a Rampage and Gold took 1400 USD per ozt. today. New records (edit: in P.O.G "price of gold" that is) across the majors.

Come on Cable!!!

edit 2: Magix you trade swissy at all bro?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #263,702
  • Nov 8, 2010 10:34pm Nov 8, 2010 10:34pm
Quoting XTrade
Cool input Mag, Thanks!

True, What's even more odd is the GBP news release at 8pm EST US "time" WTF?!
Yeah cable got battered a bit (really only 70 pips - about a decent stop for the pair.)

I haven't been messing around with dragon lately....
No trades on the swissy, and have worked with AU for a while, it's a fair to nice pair..The correlations on EU/GU, EJ, GJ typically keep me in the good if not capturing a few extras on an early runner.

My current broker doesn't trade the precious metals, and FWIW...I wasn't all that great on my last go rounds with them bitches anyways....Got a few folk I trade with in some gold stocks, so I know they are holding their own on price, but that's as far as I venture...

Captured a few extras on the retrace to 200EMA on 1m for cable....

I love the little peaks n valleys...this is my game!

Muwahahahahahhh
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #263,703
  • Nov 8, 2010 10:59pm Nov 8, 2010 10:59pm
Quoting Magix
No trades on the swissy,
I never traded swissy either until it was sooo overbought, I started on demo trading the daily, just simple S/R / MAs, price action, once the trend started kicking a$$ down I went live with it.

Love the pair, yet it requires patience. For instance, if Cable moves 175 for the day, swissy may be at 85 when cable starts to flounder, yet, later in the day, the other +60 pips always comes around. Not a great pair to scalp, no...

Quoting Magix
----My current broker doesn't trade the precious metals, and FWIW...I wasn't all that great on my last go rounds with them bitches anyways....
Well, if you are ever interested in the metals stop by here and hang out. (Gold /Silver FX thread)
If you like these swings in cable, like you mentioned below, you may LOVE trading Gold intraday.

She is a different beast though and deserves some other rules of engagement. Also segregating Gold trades from currencies is not a bad idea.

Quoting Magix
Captured a few extras on the retrace to 200EMA on 1m for cable....
I love the little peaks n valleys...this is my game!
Muwahahahahahhh
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #263,704
  • Nov 8, 2010 11:07pm Nov 8, 2010 11:07pm
cable looking vulnerable to further downside risk....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #263,705
  • Nov 8, 2010 11:12pm Nov 8, 2010 11:12pm
I flipped sides.... some blood spurting on the lower tfs... lets see if we test that 70 pip low again.....

edit: if not... Just scalping for now... Markets a bit dead today after the sunday sell off...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #263,706
  • Nov 8, 2010 11:14pm Nov 8, 2010 11:14pm
Quoting XTrade
cable looking vulnerable to further downside risk....
And How!

TIMBERRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #263,707
  • Nov 8, 2010 11:53pm Nov 8, 2010 11:53pm
I keep having to remind myself NOT to trade this session...

Unless looking for a position entry...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #263,708
  • Nov 9, 2010 12:08am Nov 9, 2010 12:08am
Sorry Buddies... Ditched GBP for 5 pips.

Long Euro and Aud.

Just scalping for now until the news later and london!

LONG GOLD!

Good luck see you later!
X
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #263,709
  • Nov 9, 2010 12:17am Nov 9, 2010 12:17am
Now range is 8 pips. Fight for 5 pips per trade. Then there must be the reliable broker with 1.5 pips spread for cable. Any body knows such brokers?
  • #263,710
  • Nov 9, 2010 1:12am Nov 9, 2010 1:12am
Quoting meromar
Now range is 8 pips. Fight for 5 pips per trade. Then there must be the reliable broker with 1.5 pips spread for cable. Any body knows such brokers?
I´m trading live with Hotforex.com and I´m happy with them. Spread is right now 0,8-1,5pip on Currenex account.
  • #263,711
  • Nov 9, 2010 1:18am Nov 9, 2010 1:18am
Morning

Cable went where i hoped it go but was asleep missed it going up. Got some pips though on the way down

Looks like its heading back for another go though

Quoting darrenware
Looking to see if cable is going down to the dark red band on my chart before going long and riding it up to 1.6170

Waiting patiently

Liking the 4hr candle too

If you look at the last four 4h candles cables been wanting to go up but not finding enough buyers....it needs to come down to the big boys and girls that have the money to buy
Enter Signature
  • #263,712
  • Nov 9, 2010 1:55am Nov 9, 2010 1:55am
London is about to open in 4 minutes time. Lets see where it takes GU. I vote for 1.6043.
  • #263,713
  • Nov 9, 2010 2:30am Nov 9, 2010 2:30am
Why there is no one at the moment in this thread?

Where are you Cable Traders?

Its in such a crucial stage at 1.6095........
  • #263,714
  • Nov 9, 2010 2:47am Nov 9, 2010 2:47am
Quoting ammarmemon
Why there is no one at the moment in this thread?

Where are you Cable Traders?

Its in such a crucial stage at 1.6095........
waiting patiently to load long
  • #263,715
  • Nov 9, 2010 3:02am Nov 9, 2010 3:02am
Quoting dejv
waiting patiently to load long
I am on the shorter side.

Anyways good luck.

There is a Manufacturing Production m/m news. If it comes positive, you will be on the green side if you entered before that but be careful. It can even be negative and after this news, usually there is a movement of about 50 pips or so.
  • #263,716
  • Nov 9, 2010 3:03am Nov 9, 2010 3:03am
Long 6105 SL6065 tp1 6130 tp2 6170 tp3 undecided yet depends on news within 30 min.

reasons:
15M 2 nice hammers
unable to close below S1
200EMA on H1 should provide some support
created llow, hhigh
  • #263,717
  • Nov 9, 2010 3:08am Nov 9, 2010 3:08am
USDX ( Daily )

Rgds,Iqyu

http://www.forexfactory.com/showpost...&postcount=879


Quoting dejv
waiting patiently to load long
Attached Image (click to enlarge)
Click to Enlarge Name: USDX nov9.GIF Size: 13 KB
not euphoria follower
  • #263,718
  • Nov 9, 2010 3:11am Nov 9, 2010 3:11am
Uk Ind & Manuf Prod data due at 0930am london..Good #'s (ie above previous and forecast, particularly with no or upward revision to last month's) could see some knee-jerk £ strength...opposite for waek #'s. Trade Bal data at same time may make the reaction (if any) not as clear cut, depending on them.)

The current 1hr screenshot is below...looking at the near-term confluence areas involving fibs:6049-30 holds 3 x unbreeched fibs of the major swings up to 65297 from 4225, particularly from 5649..below here 5994 area is a fib (38.2% 5503-6297) and weekly S1, 5911-5898 is a 3 fib cluster and 5807-5794 is a 4 fib cluster with weekly S2.

Not shown on 1hr screenshot below is that at current intraday lo is the 23.6% fib of the 5296-6297 move.

Thread seems to have died somewhat again ?

G/L

http://www.easy-upload.net/fichiers/z.2010119101016.gif
ex member
  • #263,719
  • Nov 9, 2010 3:18am Nov 9, 2010 3:18am
Have been in short since 6101, but should probably bail before news... Any one hazarding a guess which way it cuold go?
  • #263,720
  • Nov 9, 2010 3:22am Nov 9, 2010 3:22am
Quoting Jazznos
Have been in short since 6101, but should probably bail before news... Any one hazarding a guess which way it cuold go?

yeh, if you decide to bail before they will be bad numbers-lol !! but if you hold they will be good !!

G/L
ex member
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