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Cable Update (GBPUSD)

  • #290,901
  • Oct 19, 2011 10:09am Oct 19, 2011 10:09am
My sell limit for gcad has been activated @ 1.6000 (last position for today, I think)..

What a move.. Allright guy, I see you all later..

Let's see if I can swing my positions..

Green pips to everyone of you..
Attached Image (click to enlarge)
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  • #290,902
  • Oct 19, 2011 11:41am Oct 19, 2011 11:41am
im waitin this h4 closing in GU

.............

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  • #290,903
  • Oct 19, 2011 11:58am Oct 19, 2011 11:58am
Sentiment has stabilized somewhat for now.

I am no longer of the risk aversion bias, but I am not bullish either.
The daily candle is bullish, and held on after London closed.
The Dow closes in 3 hours.
We will know more the last hour of Dow.
  • #290,904
  • Oct 19, 2011 12:42pm Oct 19, 2011 12:42pm
Quoting Faller
Stopped at previous daily high - 40 pips

Bad entry bad entry bad entry........write it down and learn.

Pardon my mouth but....cox sux ma fux.....if I held all day I would have been out in profit......well....we never know where price will actually go and that's why we have stops.........oil was good to me today for a few ticks....and I am holding a nice Natural Gas Trade that I may let run for a couple of weeks as we are getting into heating season and Nat Gas has been beaten down again and again and again.......hope all had good day.
I don't trust any move - when you have profit...take it.
  • #290,905
  • Edited 1:25pm Oct 19, 2011 1:13pm | Edited 1:25pm
I don't understand why the beige book also called 'anecdotal information but it helped my trades
.
Attached Image (click to enlarge)
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  • #290,906
  • Oct 19, 2011 1:30pm Oct 19, 2011 1:30pm
my charts have a bearish feel now.
  • #290,907
  • Oct 19, 2011 2:11pm Oct 19, 2011 2:11pm
Quoting Flatfish
Cable still trading flat currently have a short at 1.5811, which I took at the same time as an euro and ozzie short and which paid better. Was going to wait for 1.5860 area top bollie band to try and short. Think cable likely to swing around so expecting a touch of 200 ema at 1.5750 as target for short - stop above 1.59 at the moment but would look to exit short if I price shoots up and look for entry nearer original entry or a bit higher. Otherwise confused thought big drop in Apple would have resulted in "risk off" today.
Original short got closed at breakeven following news - reshorted at 1.5830 and closed at 1.5753 touch of 200 ema as planned. Waiting retrace to short again
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 97 KB
  • #290,908
  • Oct 19, 2011 3:58pm Oct 19, 2011 3:58pm
I'll be interested to see where the cable goes starting with Asia. The 4H chart is sitting in the middle of a 20 period bollinger band slowly gaining a little but the EMA 60 is still kind of hovering below the bands. I'm currently in favor of maybe a little correction up during Asia and then some shorts tomorrow with London. The 1H chart is sitting at a 38.2% fib level on the gains starting late yesterday but the top of that is also resistance for the 13th and 14th of last week with another resistance of 1.5816x in between. I feel like my overall sentiment for tomorrow is probably going to be a bit bearish but hopefully we'll see a small retrace upwards during Asia.
Attached Image(s) (click to enlarge)
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  • #290,909
  • Oct 19, 2011 4:32pm Oct 19, 2011 4:32pm
my charts are all in no man's land.
standing aside for now.
  • #290,910
  • Oct 19, 2011 8:36pm Oct 19, 2011 8:36pm
Got a little head and shoulder formation on the 15 min chart. It should target around 1.5710 or so.
Attached Image (click to enlarge)
Click to Enlarge Name: cable 15 min.gif Size: 26 KB
  • #290,911
  • Oct 19, 2011 9:43pm Oct 19, 2011 9:43pm
30 min chart shows minor support provided by the orange 50 fib and the pink 300 sma around 1.5740 area.

I added another position.
Attached Image (click to enlarge)
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  • #290,912
  • Oct 19, 2011 10:12pm Oct 19, 2011 10:12pm
Notice how the price turned sideways at that 50 fib.
Attached Image (click to enlarge)
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  • #290,913
  • Oct 19, 2011 10:15pm Oct 19, 2011 10:15pm
now we see the breakout. sell pull backs on risk acersion sentiment.
Attached Image (click to enlarge)
Click to Enlarge Name: cable 1 min.gif Size: 22 KB
  • #290,914
  • Oct 19, 2011 10:20pm Oct 19, 2011 10:20pm
Risk Aversion strategy = short the yen pairs. sell aud and cad.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud 30 min.gif Size: 25 KB
Click to Enlarge Name: eur jpy 30 min.gif Size: 27 KB
Click to Enlarge Name: nzd jpy 30 min.gif Size: 27 KB
  • #290,915
  • Oct 19, 2011 10:23pm Oct 19, 2011 10:23pm
Now Cable will re-test that 50 fib. Break outs usually re-test that former support now turned resistance.
Attached Image (click to enlarge)
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  • #290,916
  • Oct 19, 2011 10:32pm Oct 19, 2011 10:32pm
notice how Cable respected the brown 55 sma.
She survived the re-test and broke back down. i added another position.
Attached Image (click to enlarge)
Click to Enlarge Name: cable 1 min.gif Size: 22 KB
  • #290,917
  • Oct 19, 2011 11:00pm Oct 19, 2011 11:00pm
Quoting ovaforty
notice how Cable respected the brown 55 sma.
She survived the re-test and broke back down. i added another position.
Good show Sir.. a very valuable lesson.
Thank you very much for sharing with us here. Keep it coming
  • #290,918
  • Oct 19, 2011 11:30pm Oct 19, 2011 11:30pm
Quoting ovaforty
my charts have a bearish feel now.
hello,
i think i misunderstood risk appetite n risk aversion
yesterday went long gbp aud thinking on risk appetite + nice support area + nice bullish divergence in faster TF mcd (m15-m30)

maybe was wrong in risk appetite.... anyway got good profits there.

actually i see it near resistance area and very closed to that FE.
im waitin if breakes above it
meanwhile bought gbp chf i try to get to 4350
Attached Image (click to enlarge)
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  • #290,919
  • Oct 19, 2011 11:33pm Oct 19, 2011 11:33pm
Quoting ovaforty
notice how Cable respected the brown 55 sma.
She survived the re-test and broke back down. i added another position.
interesting! i usually draw the 60ema
similar but 55sma looks bit better
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  • #290,920
  • Oct 19, 2011 11:50pm Oct 19, 2011 11:50pm
about GU i was expecting a bounce in this area near 5730-50
if give some kind of consolidation it is possible to see it going to those red rectangles above near DP and/or near 5830

h4 on the other side shows me a strong bear divergence in macd.

my plan if consolidates here is to buy a scalp to near 58 then if goes up, to pick a short in than mentioned area.

i need confirmations on faster tf so time will tell
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 37 KB
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