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Cable Update (GBPUSD)

  • #294,321
  • Dec 8, 2011 8:32am Dec 8, 2011 8:32am
Quoting normfx
Hey Tau, how's by you...you may have gotten out a lil too soon..those small stops are killers.
Good day,

Did not have stops... decided to cut.

Was looking for this since yesterday. Note to self - start trusting your edge.

All the best
  • #294,322
  • Dec 8, 2011 8:36am Dec 8, 2011 8:36am
Good day to you,

My short term is now changing over to selling rallies, although longer term still in dip buying mode. So will be selling serious rallies for the next few sessions.


Regards
  • #294,323
  • Dec 8, 2011 8:38am Dec 8, 2011 8:38am
Typical move..drive price up..suck in the longs..drive out the majority of the shorts..then drop price hard and fast...screw the most traders...works perfect.
entry - 1.29250 s/l 200 pips
  • #294,324
  • Dec 8, 2011 8:38am Dec 8, 2011 8:38am
Quoting abdul_halim
next target around...1.5611
perhaps, but we had the UTL support test here.

here's a blow up of the chart I posted before.
Attached Image (click to enlarge)
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  • #294,325
  • Dec 8, 2011 8:43am Dec 8, 2011 8:43am
Quoting LeanLowFx
Big short
I totally agree ..It's the best option for now till 1.44 level.
  • #294,326
  • Dec 8, 2011 8:44am Dec 8, 2011 8:44am
Hi, just back at desk updaing charts after own session finished this London a.m.

Move up to '...5757-80 prev 4hr/1hr sw hi incl 5758 = Daily R1 @/around, 5765 = Weekly R1 @/around, and 5777/79 = 50% 6128-5422 / 76.4% 5888-5422...'
found strong supply there and the drop has seen some demand emerge at the topside of the breechedformer 1hr/4hr descending trend line.

To the immediate up and downside Below here per near-term 1hr chart below. Dailoy S1 is @/around 5629.

Price move has covered 83% of it's 20 day atr so far today.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 124 KB
ex member
  • #294,327
  • Dec 8, 2011 8:44am Dec 8, 2011 8:44am
Eur/usd is headed for 1.32500..will drag cable down kicking and screaming lol
entry - 1.29250 s/l 200 pips
  • #294,328
  • Dec 8, 2011 8:48am Dec 8, 2011 8:48am
Quoting Flatfish
Been watching NFP range cable still trading in the range near the top threatening to break higher. Euro at the bottom of its nfp range threatening to go lower.
Cable retraces the breakout to the 50% line. Divergence between two meant something fishy was happening in cable.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: euro.jpg Size: 132 KB
  • #294,329
  • Dec 8, 2011 8:53am Dec 8, 2011 8:53am
Quoting gsantri
the damn bear... get back here !!
good boy !


seriously, no real solution from the euro. not yet.
  • #294,330
  • Dec 8, 2011 9:16am Dec 8, 2011 9:16am
Good day ,

Slowly starting to buy...

Regards
  • #294,331
  • Dec 8, 2011 9:28am Dec 8, 2011 9:28am
Quoting abdul_halim
next target around...1.5611
nicely done. perfect touch on the WP.


ok, GL everyone. I'm outta here.
  • #294,332
  • Dec 8, 2011 9:58am Dec 8, 2011 9:58am
Hope find good result for the 'euro zone' meeting.....
have a nice pips to all...
Never Give Up.....
  • #294,333
  • Dec 8, 2011 11:13am Dec 8, 2011 11:13am
Quoting TauTrader
Good day ,

Slowly starting to buy...

Regards
Good day to you,

This last drop in GU should have pumped some air into my weekly and daily modes. Both long. So - putting in place final long positions at this time... will let this mature for a while. SL will be just below the Tuesday low @ 1.5559x.

Entries - 1.56352 , 1.56252 and to go in : 1.56100 and 1.5600 - should/when we get there.


I wish you all the best and see you tomorrow

Regards
  • #294,334
  • Dec 8, 2011 11:29am Dec 8, 2011 11:29am
Inserted Video
  • #294,335
  • Dec 8, 2011 12:28pm Dec 8, 2011 12:28pm
Quoting nAVIN2007


ok cool, just realise the third touch on monthly and bottom of range..your not the only one confused i think the whole world is..good luck with your trade plan

i will look for aggressive short at 1.66 if it get there
Thanks Navin, this weekly wedge we are in is taking its toll.
Come with me if you want to live....
  • #294,336
  • Dec 8, 2011 12:54pm Dec 8, 2011 12:54pm
I have been working with this COG indicator for the last few months on multiple timeframes. Using it with 200and 55 ema's, fibs etc, it have proven extremely useful. Roght now, we are in a tight weekly wedge which I feel is responsible for these wild swings. I am in a hedged drawdown atm but will def. be looking for a strong buy on a break of a descending trendline after a touch on the green 4 hr ascending COG line.
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #294,337
  • Dec 8, 2011 1:29pm Dec 8, 2011 1:29pm
Daily MACD is sill up and well seperated also.
Attached Image (click to enlarge)
Click to Enlarge Name: down down.gif Size: 23 KB
Come with me if you want to live....
  • #294,338
  • Edited 1:54pm Dec 8, 2011 1:39pm | Edited 1:54pm
Currently short @ 1.56366, TP @ 1.5617, SL is a BE. Slow grind down now within this range.

Stopped out @ break even.
Attached Image (click to enlarge)
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  • #294,339
  • Dec 8, 2011 1:41pm Dec 8, 2011 1:41pm
Quoting Ill-b-back
Thanks Navin, this weekly wedge we are in is taking its toll.
yeah i have to didnt see this happening..thanks god im swing trading i simply cannot get these moves, market is tough to say the least

welldone thou..
  • #294,340
  • Dec 8, 2011 1:52pm Dec 8, 2011 1:52pm
Quoting nAVIN2007
yeah i have to didnt see this happening..thanks god im swing trading i simply cannot get these moves, market is tough to say the least

welldone thou..
Well done on your 66 short I assume you took it? I was asleep.
Come with me if you want to live....
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