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Cable Update (GBPUSD)

  • #290,701
  • Oct 18, 2011 3:04am Oct 18, 2011 3:04am
4h Touch of the bottom bollie and the break below 1.57 to trip stops, seemed to be the place most shorts covered. Below 100ema, but that is trading flat. I look to sell into rallies poss from around 1.5765 area as always with a small stop
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  • #290,702
  • Oct 18, 2011 3:04am Oct 18, 2011 3:04am
Quoting Faller


What goes up must go down....and what goes down must go up......I am sitting aside on Cable today.....I see Oil moving a little better....currently long 1 contract to feel the waters out.....would post charts and explanation but I know it is really not apart of this thread......

and what can't go down must go up
90% of traders use TA, indicators and prediction
  • #290,703
  • Oct 18, 2011 3:07am Oct 18, 2011 3:07am
Quoting _BBKing_
Thanks , unlike eu this pair still not confirmed the top & hence taking most care for the scalping long , tp goes to 5730-44 only but not if to follow eu then any high can take though . eu similarly 3722-40 though limit goes 3766.

so take less than nothing , targetting lowest level as to leave for this session. see you in the evening .

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #290,704
  • Oct 18, 2011 3:09am Oct 18, 2011 3:09am
Quoting _BBKing_
and what can't go down must go up

ahhh errrr....hmmmmm or sideways!

I don't trust any move - when you have profit...take it.
  • #290,705
  • Oct 18, 2011 3:28am Oct 18, 2011 3:28am
this is my enemy!
"connessione assente" means "connection out"

in the right bottom corner you see full connection on the server and full adsl connection (i download 1.1 - 1.2mb/sec)

this happens evrery time i try to change stops/targets or close manually my position since start of the week.

they hate me coz im having profits!!
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90% of traders use TA, indicators and prediction
  • #290,706
  • Oct 18, 2011 3:31am Oct 18, 2011 3:31am
Quoting Faller
ahhh errrr....hmmmmm or sideways!

sure!
90% of traders use TA, indicators and prediction
  • #290,707
  • Oct 18, 2011 3:31am Oct 18, 2011 3:31am
hahhahahaha.... same here

my set TP is 56951
low today : 56946

let's kick their ash together wkwkkwkwk
Quoting _BBKing_
this is my enemy!
"connessione assente" means "connection out"

in the right bottom corner you see full connection on the server and full adsl connection (i download 1.1 - 1.2mb/sec)

this happens evrery time i try to change stops/targets or close manually my position since start of the week.

they hate me coz im having profits!!
not euphoria follower
  • #290,708
  • Oct 18, 2011 3:34am Oct 18, 2011 3:34am
Quoting iqyu5an
hahhahahaha.... same here

my set TP is 56951
low today : 56946

let's kick their ash together wkwkkwkwk
when price was near 5700 in that move i had 2.9 pips spread!
then went again 1.1 - 1.5 above 5705 or so...

that why they didnt close you position, and many others: they move spreads as they prefer!
90% of traders use TA, indicators and prediction
  • #290,709
  • Oct 18, 2011 3:42am Oct 18, 2011 3:42am
typical question @27 pips profits on a second trade long (the lower one already closed and reload 5718..) and near a resistance:

"TO HOLD OR NOT TO HOLD?"
90% of traders use TA, indicators and prediction
  • #290,710
  • Oct 18, 2011 3:44am Oct 18, 2011 3:44am
Quoting Faller


What goes up must go down....and what goes down must go up......I am sitting aside on Cable today.....I see Oil moving a little better....currently long 1 contract to feel the waters out.....would post charts and explanation but I know it is really not apart of this thread......
Well, I don't know if anyone would object that. I also trade several instruments. Personally, it's ok with me if you want to share other instruments besides cable..
  • #290,711
  • Oct 18, 2011 3:46am Oct 18, 2011 3:46am
Quoting _BBKing_
typical question @27 pips profits on a second trade long (the lower one already closed and reload 5718..) and near a resistance:

"TO HOLD OR NOT TO HOLD?"
there is a strong reaction near 5700 with that kind of h1 candle..
DP 5770
hourly resistance (not only hourly) 5750
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90% of traders use TA, indicators and prediction
  • #290,712
  • Oct 18, 2011 3:50am Oct 18, 2011 3:50am
ok out +21
enough for a very profitable morning!

will come back into nY session

good luck you all
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90% of traders use TA, indicators and prediction
  • #290,713
  • Oct 18, 2011 3:50am Oct 18, 2011 3:50am
Quoting _BBKing_
yes true! but also watch this daily level... if holds here today, i expect it to go up fast & furious. still a lot of hours till day ends, but i also still not see 5680 broken

my position is now small
will add if n when i see price confirmation
Well, if you see my 4h chart, the price is already at 161 projection level and I think it will retest the high of the daily hammer at about 5500 level.. I think downside > upside.
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  • #290,714
  • Oct 18, 2011 4:10am Oct 18, 2011 4:10am
Quoting Faller
Switched it up a bit here......took a position long in OIL - looking for a pop up out of it's two day slow low consolidation.

Just wanted to post the chart of my oil trade for anyone interested.....also posting my final results from my trading platform.

Comments are welcome.....sorry if this is off topic....but I am just showing my setups and reasoning for entering and exiting a trade which can be applied across different markets. If you feel I should not post this information please let me know I will keep it strictly to the British Pound.

Cheers,

Faller.
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I don't trust any move - when you have profit...take it.
  • #290,715
  • Oct 18, 2011 4:49am Oct 18, 2011 4:49am
Quoting Faller
Just wanted to post the chart of my oil trade for anyone interested.....also posting my final results from my trading platform.

Comments are welcome.....sorry if this is off topic....but I am just showing my setups and reasoning for entering and exiting a trade which can be applied across different markets. If you feel I should not post this information please let me know I will keep it strictly to the British Pound.

Cheers,

Faller.
Hey Faller, join us in Trader's P/L thread http://www.forexfactory.com/showthread.php?t=274377
  • #290,716
  • Oct 18, 2011 4:54am Oct 18, 2011 4:54am
The statement from the Germans yesterday turned the Market sentiment quite bearish. Risk Aversion strategy is in play again.
I am short gbp/usd from 1.5796
short euro/usd from 1.3784 and 1.3768

Short the eur/jpy, nzd/jpy, aud/jpy and cad/jpy also.
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  • #290,717
  • Oct 18, 2011 5:07am Oct 18, 2011 5:07am
i bought the dips on the gbp/aud and eur/aud also.
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  • #290,718
  • Oct 18, 2011 5:21am Oct 18, 2011 5:21am
i booked half of my positions ahead of the PPI news in the U.S.
Locked in profits on my remaining 8 positions.
  • #290,719
  • Oct 18, 2011 5:33am Oct 18, 2011 5:33am
i booked all my positions on the strong numbers. standing aside for now. nice profits.
  • #290,720
  • Oct 18, 2011 5:34am Oct 18, 2011 5:34am
we had decent China numbers on the asian session.
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Fishbones