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Cable Update (GBPUSD)

  • #289,281
  • Sep 21, 2011 3:43pm Sep 21, 2011 3:43pm
I think we are extremely oversold and that we are currently ranging in the bottom before a retracement is made in tokyo market.
  • #289,282
  • Sep 21, 2011 3:46pm Sep 21, 2011 3:46pm
Quoting Terminale
Time to buy cable. Japan will not be happy to see GJ at this level.
Japan are implementing other measures rather than intervening in the currency markets such as giving Japanese companies a fixed rate and paying them the difference between the spot rate. BoJ know that intervention is throwing money away, so they are enticing Japanese companies to stay in Japan by giving them the money directly rather than giving it to the currency speculators!
  • #289,283
  • Sep 21, 2011 3:55pm Sep 21, 2011 3:55pm
Quoting _BBKing_
time for me to sleep.
good luck you all
Congratulaions BB You Made A LOT of PIPS.Have sweet PIPS Dreams
  • #289,284
  • Sep 21, 2011 3:57pm Sep 21, 2011 3:57pm
Quoting bbakker
Japan are implementing other measures rather than intervening in the currency markets such as giving Japanese companies a fixed rate and paying them the difference between the spot rate. BoJ know that intervention is throwing money away, so they are enticing Japanese companies to stay in Japan by giving them the money directly rather than giving it to the currency speculators!
Prettige KERSTDAGEN en EEN GOED Nieuw Jaar
Verse Broodjes Van de warme BAKKER
  • #289,285
  • Sep 21, 2011 4:01pm Sep 21, 2011 4:01pm
Quoting at2au
Prettige KERSTDAGEN en EEN GOED Nieuw Jaar
Verse Broodjes Van de warme BAKKER
Beetje vroeg, maar alles is goed. Ik hoop dat alles is goed met jou ook!
  • #289,286
  • Sep 21, 2011 5:20pm Sep 21, 2011 5:20pm
close them or not? that is the question...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 66 KB
Trade or not to trade - that is the question...
  • #289,287
  • Sep 21, 2011 5:38pm Sep 21, 2011 5:38pm
Lol, wow thats really bad man. I would say at this point dont close them. The 5350 - 5400 area may provide you with a bounce or it may happen sooner. Up to you though. Easy for me to say as its not my money. Good luck to you.
  • #289,288
  • Sep 21, 2011 5:41pm Sep 21, 2011 5:41pm
Quoting TheDirtySerb
Lol, wow thats really bad man. I would say at this point dont close them. The 5350 - 5400 area may provide you with a bounce or it may happen sooner. Up to you though. Easy for me to say as its not my money. Good luck to you.
thanks... I count for that too
Trade or not to trade - that is the question...
  • #289,289
  • Sep 21, 2011 5:52pm Sep 21, 2011 5:52pm
First trade of Asian session - Chart posted with notes.

Enter 1.5475 (futures pricing) - target daily high of 1.5505 stop loss1.5450 - 25 pips either side of entry.
Attached Image (click to enlarge)
Click to Enlarge Name: Asian Open.jpg Size: 186 KB
I don't trust any move - when you have profit...take it.
  • #289,290
  • Sep 21, 2011 6:18pm Sep 21, 2011 6:18pm
Quoting Faller
First trade of Asian session - Chart posted with notes.

Enter 1.5475 (futures pricing) - target daily high of 1.5505 stop loss1.5450 - 25 pips either side of entry.

I am not liking the price action or the yen move at this time.....will wait for this 15 min candle to close......but may close manual before stop is triggered.
I don't trust any move - when you have profit...take it.
  • #289,291
  • Sep 21, 2011 6:20pm Sep 21, 2011 6:20pm
Quoting honeybhi
&

TP1 done and closing partial, Next TP2 .

Still bearish .........
Attached Image (click to enlarge)
Click to Enlarge Name: guweek.jpg Size: 102 KB
  • #289,292
  • Sep 21, 2011 6:31pm Sep 21, 2011 6:31pm
Quoting honeybhi
TP1 done and closing partial, Next TP2 .

Still bearish .........

Still holding my long position.....dollar index is forming a nice inverted hammer on the 15 min.....oil is popping and euro is popping.....we will see.....I think we will get a good retrace......will post chart later. See first chart above.
I don't trust any move - when you have profit...take it.
  • #289,293
  • Edited 6:42pm Sep 21, 2011 6:42pm | Edited 6:42pm
Quoting honeybhi
TP1 done and closing partial, Next TP2 .

Still bearish .........

Looking at your chart up close.....to me it would appear that we are in a demand zone. Every reversal starts somewhere...

Just my 2 cents.
I don't trust any move - when you have profit...take it.
  • #289,294
  • Sep 21, 2011 6:53pm Sep 21, 2011 6:53pm
Asian trade update.....

Price consolidated long then I would want and as price started to move down I kept an eye on the dollar index and the euro as well as oil which kept me from closing this trade early. We have now gained the 20 ema on the 5 min and on the 15 min stochastics and macd are turning up. I will continue to hold this trade and update as the evening moves on.
Attached Image (click to enlarge)
Click to Enlarge Name: Asian Open - 2.jpg Size: 187 KB
I don't trust any move - when you have profit...take it.
  • #289,295
  • Sep 21, 2011 7:43pm Sep 21, 2011 7:43pm
I am standing aside but loading up on limits orders.

Here's your downside targets.

yellow horizontal trend lines.
Attached Image (click to enlarge)
Click to Enlarge Name: cable weekly.gif Size: 28 KB
  • #289,296
  • Sep 21, 2011 7:45pm Sep 21, 2011 7:45pm
Posting another chart....same as before just 2 new trend lines....they are a pink color showing a small falling wedge pattern breaking out from an earlier larger falling wedge pattern.....still holding. Just watched the market futures take a big flush down but oil, gold, silver holding up and dollar index did not move much.....still holding and will post again later.
Attached Image (click to enlarge)
Click to Enlarge Name: Asian Open - 3.jpg Size: 184 KB
I don't trust any move - when you have profit...take it.
  • #289,297
  • Sep 21, 2011 7:54pm Sep 21, 2011 7:54pm
daily chart:
blue colored one candle mom has crossed over the 5 mom. One candle is signalling a coming 5 sma retrace. Divergent moms.
Attached Image (click to enlarge)
Click to Enlarge Name: cable daily 3.gif Size: 20 KB
  • #289,298
  • Sep 21, 2011 7:57pm Sep 21, 2011 7:57pm
Quoting Faller
Posting another chart....same as before just 2 new trend lines....they are a pink color showing a small falling wedge pattern breaking out from an earlier larger falling wedge pattern.....still holding. Just watched the market futures take a big flush down but oil, gold, silver holding up and dollar index did not move much.....still holding and will post again later.

Adjusted my stop loss a little bit.....waiting for the next 15 min candle to close....if below my initial stop loss of 1.5450 I will close manually with a 25 pip loss.....if not will see how the next candle holds up.
I don't trust any move - when you have profit...take it.
  • #289,299
  • Sep 21, 2011 8:15pm Sep 21, 2011 8:15pm
Quoting FXMindset
Exciting Time...We are almost 1.54 and still looking valid or not
Getting More Interesting,Like to see GU In longer term Play
Attached Image (click to enlarge)
Click to Enlarge Name: GU Monthly.png Size: 35 KB
If there was easy money lying around,no one would be forcing it into your
  • #289,300
  • Sep 21, 2011 8:17pm Sep 21, 2011 8:17pm
Monitor Market Sentiment.

Risk Off? or Risk On?


That knowledge will dictate which strategy to use in placing limit orders.
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