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Cable Update (GBPUSD)

  • #266,661
  • Dec 15, 2010 12:02pm Dec 15, 2010 12:02pm
Quoting nAVIN2007
she just broke her water..she about to give birth ..

the bus is getting full
Are you not expecting any retrace first bro?
You've got to be IN IT to WIN IT!
  • #266,662
  • Dec 15, 2010 12:03pm Dec 15, 2010 12:03pm
Quoting bbakker
I pulled the trigger last night. My last new position this year. I said I wasn't going to, but it looked a nice opportunity as it hit my daily demand level!

Entry: 0.9566
SL: 0.9534 (32pip SL)
TP1: 0.9674
TP2: 0.9894
TP3: The moon...lol (Trailing Stop as usual)

Let's hope it works! Out of my hands now!

My GBPCAD short has reached a new low at +815 pips profit. This one was a 42 pip SL :-)
Got home and TP1 bagged. Fly $, fly or should I say sink Swiss Franc, sink... lol

Attached Image (click to enlarge)
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Tara chucks!
  • #266,663
  • Dec 15, 2010 12:03pm Dec 15, 2010 12:03pm
Quoting nAVIN2007
she just broke her water..she about to give birth ..

the bus is getting full
have the same lvl on my chart aswell,but bought one small 0.01lot on 1.5530,if it goes lower gonna add more.
  • #266,664
  • Dec 15, 2010 12:18pm Dec 15, 2010 12:18pm
Quoting TexasforEX
SELL SELL SELL


15742


Would I lie to you?

Good day for the shorts.

If you missed out, don't worry there's plenty of pips to be made still shorting.

Might be a small retracment but by the end of January shorts will be happy, happy. 1.46xx looks possible.

Cheerio.
"Timing Is Everything. Really I Swear It Is"
  • #266,665
  • Dec 15, 2010 12:18pm Dec 15, 2010 12:18pm
Quoting Ifty
Are you not expecting any retrace first bro?
not much..usd is on the ropes and the diverence needs to play or its finished..i really have no idea bro..and that 2 week trendline has broken the uptrend cable was in..might get a chance at 1.55 now or retest of the trendline
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  • #266,666
  • Dec 15, 2010 12:19pm Dec 15, 2010 12:19pm
Quoting nAVIN2007
she just broke her water..she about to give birth ..

the bus is getting full
good day to you,

Price attempting to penetrate/ work it's way through the support zone - but 1.5521 to 1.5480 is gonna be tough as nails - I think. Easy does it. A possible 130 pip reward awaits, should 1.5480 become resistance.

But - the weekly is at a point of possible bounce. No more shorting unless 1.5580 goes.

Just opinion

Regards
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  • #266,667
  • Dec 15, 2010 12:20pm Dec 15, 2010 12:20pm
Nice trading my man. Happy up here in the Northern hemisphere... just checked in on the charts and see PA finally reached the 38.2 FE. Sure, PA has shot through, but TPs reached is easy sleep reached.

http://www.forexfactory.com/showpost...stcount=266581
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #266,668
  • Dec 15, 2010 12:22pm Dec 15, 2010 12:22pm
Quoting TauTrader
good day to you,

Price attempting to penetrate/ work it's way through the support zone - but 1.5521 to 1.5480 is gonna be tough as nails - I think. Easy does it. A possible 130 pip reward awaits, should 1.5480 become resistance.

But - the weekly is at a point of possible bounce. No more shorting unless 1.5580 goes.

Just opinion

Regards

I agree..
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  • #266,669
  • Dec 15, 2010 12:32pm Dec 15, 2010 12:32pm
Quoting 45Condor
Nice trading my man. Happy up here in the Northern hemisphere... just checked in on the charts and see PA finally reached the 38.2 FE. Sure, PA has shot through, but TPs reached is easy sleep reached.

http://www.forexfactory.com/showpost...stcount=266581
Nice one! Good ride you plotted there. Interesting area we are in. Downside potential remains staggering - but gonna be too easy to just continue ( I am always suspicious).

Again - good charting

Regards
  • #266,670
  • Dec 15, 2010 12:39pm Dec 15, 2010 12:39pm
...yes, I will join you on the train of suspicion. Expect a retrace for weekend into the pivot cluster, and then we will see.

Of course, now that I've said this, PA will just keep on going. If it does, my guess at this hour in France is that we may see the upper 1.53 levels come year end - maybe.

Moves today aided by expansion of ECB funding and Irish agreement upon details of bailout, I suspect.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #266,671
  • Dec 15, 2010 12:40pm Dec 15, 2010 12:40pm
Quoting bbakker
As nAVIN2007 said, correlations are never 100%. Here is a picture of the daily correlation between USDCHF-GBPUSD -

Attachment

As you can see 1.0 is 100% correlation and -1.0 is -100% correlation (Inverse correlation). As you can see above, during the March/April and September/October months, there is positive correlation between these two pairs on the daily charts. Today the correlation stands at -42.6%

Visit http://www.mataf.net/en/tools/01-01-correlation for more correlation analysis on other pairs. This is a very...
Wow,wow wow..... thanks again bb..x
All systems of divination, like music itself,work through patterns.
  • #266,672
  • Dec 15, 2010 12:41pm Dec 15, 2010 12:41pm
where did all the bulls go ?
  • #266,673
  • Dec 15, 2010 12:44pm Dec 15, 2010 12:44pm
Quoting trader8080
where did all the bulls go ?
Took flight with the Canadian Geese, and went South for the winter!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #266,674
  • Dec 15, 2010 12:46pm Dec 15, 2010 12:46pm
Quoting Magix
Took flight with the Canadian Geese, and went South for the winter!
  • #266,675
  • Dec 15, 2010 12:55pm Dec 15, 2010 12:55pm
wow.certainly was a nice day for grabbing pips.
  • #266,676
  • Dec 15, 2010 12:56pm Dec 15, 2010 12:56pm
Quoting Ineedpips9
wow.certainly was a nice day for grabbing pips.
Heyaz Ineedpips..Seasons Greetings Mango!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #266,677
  • Dec 15, 2010 1:02pm Dec 15, 2010 1:02pm
Quoting Magix
Heyaz Ineedpips..Seasons Greetings Mango!
Hey there.How's it been?!
Hope the green pips have coming your way!I've been taking my daily helping still,slowly but surely with the time constraints.I mentioned to kill on the fibre thread that my new found love is the eur/cad pair.Just can't get enough!
  • #266,678
  • Dec 15, 2010 1:19pm Dec 15, 2010 1:19pm
Quoting Ineedpips9
Hey there.How's it been?!
Hope the green pips have coming your way!I've been taking my daily helping still,slowly but surely with the time constraints.I mentioned to kill on the fibre thread that my new found love is the eur/cad pair.Just can't get enough!
Never really looked at that pair, but trade the EU instead...The brokers I use have a total shit spread for that one...between 8-10...compared to the 1-2 pips on EU...I think I will stick with it....

Nice to see you are still grinding them out...take what you can and let the rest fight over whats left...I think for the longest time you have been the perfect example with your trading style...don't gotta be in every play, just gotta make the right trades count.

Keep on rocking Amigo!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #266,679
  • Dec 15, 2010 1:25pm Dec 15, 2010 1:25pm
Quoting Magix
Never really looked at that pair, but trade the EU instead...The brokers I use have a total shit spread for that one...between 8-10...compared to the 1-2 pips on EU...I think I will stick with it....

Nice to see you are still grinding them out...take what you can and let the rest fight over whats left...I think for the longest time you have been the perfect example with your trading style...don't gotta be in every play, just gotta make the right trades count.

Keep on rocking Amigo!
Thanks a bunch!Seriously, can't thank you, kill, and clogs enough!!!
I will keep on keeping on!
And yea, the spread is usually around 8, so what I've done is cut my lot size in half. Usually when this pair breaks out there isn't anyone else on the other side to slow it down.Again, usually. On days like today I can keep up with the pa all day so I can move the ts.But if I can't watch it then I'll just put the ts at 15 and leave it alone.
Anyways, hopefully I'll talk to you tommorrow. Gotta go Christmas shopping.
  • #266,680
  • Dec 15, 2010 1:28pm Dec 15, 2010 1:28pm
Quoting Magix
Never really looked at that pair, but trade the EU instead...The brokers I use have a total shit spread for that one...between 8-10...compared to the 1-2 pips on EU...I think I will stick with it....

Nice to see you are still grinding them out...take what you can and let the rest fight over whats left...I think for the longest time you have been the perfect example with your trading style...don't gotta be in every play, just gotta make the right trades count.

Keep on rocking Amigo!
EU will break 1.3209 and will must test 1.3203.

After that, if 1.32 is broken, 1.3165 will come in play.

But I am sure 1.3203 will be touched today.
In forex, one currency is always up!
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