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Cable Update (GBPUSD)

  • #289,221
  • Sep 21, 2011 10:53am Sep 21, 2011 10:53am
Quoting Hgslv
Market its positioning itself for what is about to occur, probably aiming for 1.57 at FOMC release

I did not get the Holy Grail sent to my inbox this morning.........just trading what I see.....and obeying my rules.........DON'T TRADE DURING BIG NEWS RELEASES. Nice profit earlier today.....now I watch.
I don't trust any move - when you have profit...take it.
  • #289,222
  • Sep 21, 2011 10:56am Sep 21, 2011 10:56am
Quoting Hgslv
Market its positioning itself for what is about to occur, probably aiming for 1.57 at FOMC release

Too many conflicting price actions......

US dollar is down
Gold is starting to drop like a rock
Oil pulled hard off highs of day sitting mid point of day while dollar is at low of day....
market flat which is expected....

I wait for things to line up better......right now just a bunch of 5 year olds trying to find their way into the school line up.
I don't trust any move - when you have profit...take it.
  • #289,223
  • Sep 21, 2011 11:07am Sep 21, 2011 11:07am
"I wait for things to line up better......right now just a bunch of 5 year olds trying to find their way into the school line up."

cheeky!
TRADE FOR SWAP
  • #289,224
  • Sep 21, 2011 11:26am Sep 21, 2011 11:26am
Quoting Hgslv
Market its positioning itself for what is about to occur, probably aiming for 1.57 at FOMC release

????

didn't happen.

don't trade during news events.
I don't trust any move - when you have profit...take it.
  • #289,225
  • Sep 21, 2011 11:27am Sep 21, 2011 11:27am
Quoting hamad9
Oops! I think i was right ?
opps.

it's not about blind guesses right before one of the biggest news releases of the quarter.

not if you've got real skin in the game.
  • #289,226
  • Sep 21, 2011 11:28am Sep 21, 2011 11:28am
Things look different after the FOMC release.....
Attached Image (click to enlarge)
Click to Enlarge Name: After FOMC.jpg Size: 197 KB
I don't trust any move - when you have profit...take it.
  • #289,227
  • Sep 21, 2011 11:30am Sep 21, 2011 11:30am
Quoting Faller
????

didn't happen.

don't trade during news events.
my trade is breakeven plus, no risk, just reward
TRADE FOR SWAP
  • #289,228
  • Sep 21, 2011 11:34am Sep 21, 2011 11:34am
Quoting cgldsmth
my trade is breakeven plus, no risk, just reward



As long as you understand.......that's all that matters.

Off topic....I tried to jump into the yen....but my order did not get executed......dam.
I don't trust any move - when you have profit...take it.
  • #289,229
  • Sep 21, 2011 11:42am Sep 21, 2011 11:42am
Quoting Faller
????

didn't happen.

don't trade during news events.
Yeah, sry about that i was 15 pip wrong

Attached Image (click to enlarge)
Click to Enlarge Name: fx.JPG Size: 17 KB
  • #289,230
  • Sep 21, 2011 11:42am Sep 21, 2011 11:42am
Possible re-entry off lower trend line.....read red message on chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Possible Re Entery.jpg Size: 196 KB
I don't trust any move - when you have profit...take it.
  • #289,231
  • Sep 21, 2011 11:49am Sep 21, 2011 11:49am
out 8 pips above target. close enough.

got impatient

Quoting Fudomyo
If we don't get above 1.5777, then 1.5550 area is on the table next leg down. 1.5550 is my line in the sand for a bounce and a retest of the descending TL breakout test.
  • #289,232
  • Sep 21, 2011 11:50am Sep 21, 2011 11:50am
got a good set up here.
Attached Image (click to enlarge)
Click to Enlarge Name: cable hourly.gif Size: 45 KB
  • #289,233
  • Sep 21, 2011 11:52am Sep 21, 2011 11:52am
Quoting ovaforty
got a good set up here.

What is the setup? Long or Short? Short term scalp or long term hold?
I don't trust any move - when you have profit...take it.
  • #289,234
  • Sep 21, 2011 12:04pm Sep 21, 2011 12:04pm
Quoting Faller
What is the setup? Long or Short? Short term scalp or long term hold?
the setup is watch if we take out support here or not. it hasn't been tested again. if we form a bottom and cross back up, then potentially longs are in play, but not enough has happened here yet to establish whether this area holds or not.

all they've done so far is put price where it needed to go.
  • #289,235
  • Sep 21, 2011 12:07pm Sep 21, 2011 12:07pm
Quoting Faller
What is the setup? Long or Short? Short term scalp or long term hold?
cluster resistance provided by the yellow 38 fib, the green 61 fib, the brown 55 sma and green 22 sma. The 22 sma has crossed over to the downside of the 55 sma.
I placed a limit sell order there.

I am having internet connection problems today.
Attached Image (click to enlarge)
Click to Enlarge Name: cable hourly.gif Size: 45 KB
  • #289,236
  • Sep 21, 2011 12:11pm Sep 21, 2011 12:11pm
longed in on Geppy @ 119.26 - decent long setup on H4 - the next few days will reveal the outcome of this trade...
  • #289,237
  • Sep 21, 2011 12:36pm Sep 21, 2011 12:36pm
cable under extreme pressure. we've knocked out S3. WS3/MS2 cluster at 5520 coming up. if this goes, it's a whole new ball game.

back in for a few pips.
  • #289,238
  • Sep 21, 2011 12:41pm Sep 21, 2011 12:41pm
Quoting Fudomyo
cable under extreme pressure. we've knocked out S3. WS3/MS2 cluster at 5520 coming up. if this goes, it's a whole new ball game.

back in for a few pips.
5520 surpassed.
  • #289,239
  • Sep 21, 2011 12:42pm Sep 21, 2011 12:42pm

...
90% of traders use TA, indicators and prediction
  • #289,240
  • Sep 21, 2011 12:42pm Sep 21, 2011 12:42pm
Quoting FXMindset
I am see GU will shot 154 "Possible" after FOMC Annoucement,Expected Dollar Back and Strenght For the next 6-12 Month "Maybe"
Exciting Time...We are almost 1.54 and still looking valid or not
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily.png Size: 46 KB
If there was easy money lying around,no one would be forcing it into your
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