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Cable Update (GBPUSD)

  • #294,541
  • Dec 12, 2011 5:20am Dec 12, 2011 5:20am
look like there could be a strong uptrend. keep your eyes open, wish all well, happy trading to all
  • #294,542
  • Dec 12, 2011 6:07am Dec 12, 2011 6:07am
Cable again made a brief visit outside the NFP low just to collect stops.Flows in eur/gbp being reported as responsible for cable strength. Waiting for another long entry around 1.5580 with 20 pip top for 1.57 area.Or will jump on a move above 1.5650 with a 20 pip stop ( but that would be my least prefered option). Monday often forms the high/low for the week but need to keep an eye on equities as those guys are desperate to engineer the Santa rally, which would mean a weaker dollar.
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  • #294,543
  • Dec 12, 2011 6:19am Dec 12, 2011 6:19am
Quoting TP Hunter
Our Trade is in +46 pips profit . I breakeven & wait for my 110 pip TP.

Attachment
I have that exact same trade on, same TP but I got in at around 10 pips earlier. A good set up that I think will travel further.
Come with me if you want to live....
  • #294,544
  • Dec 12, 2011 6:21am Dec 12, 2011 6:21am
Quoting Flatfish
Cable again made a brief visit outside the NFP low just to collect stops.Flows in eur/gbp being reported as responsible for cable strength. Waiting for another long entry around 1.5580 with 20 pip top for 1.57 area.Or will jump on a move above 1.5650 with a 20 pip stop ( but that would be my least prefered option). Monday often forms the high/low for the week but need to keep an eye on equities as those guys are desperate to engineer the Santa rally, which would mean a weaker dollar.
I agree, but I think the Santa Rally will be about as genuine as Santa himself.
Come with me if you want to live....
  • #294,545
  • Dec 12, 2011 6:30am Dec 12, 2011 6:30am
Quoting Fudomyo
...close here at 5545.
that was a nice exit. (price bounced 110 pips)

last week it reversed 400 pips off my last exit.

Quoting Fudomyo
5766, close enough to end the year on a good note.
now if I can only remember to enter the counter trade where I close....

lol
  • #294,546
  • Dec 12, 2011 6:41am Dec 12, 2011 6:41am
Quoting Fudomyo
that was a nice exit. (price bounced 110 pips)

last week it reversed 400 pips off my last exit.



now if I can only remember to enter the counter trade where I close....

lol
good day,

Well done.

I bet the dinner now tastes a lot better. Knowing you took your money off the table. It takes a lot of confidence to enter in any direction on a sharp rally or sharp decline.

I guess it's about knowing the difference between a falling knife and a stop hunt - or then a rocket run and a stop hunt...once mastered ( or comfortable with) - one tends to find lucrative opportunities.

all the best

Regards
  • #294,547
  • Dec 12, 2011 6:45am Dec 12, 2011 6:45am
Quoting Fudomyo
that was a nice exit. (price bounced 110 pips)

last week it reversed 400 pips off my last exit.



now if I can only remember to enter the counter trade where I close....

lol
huhu
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  • #294,548
  • Dec 12, 2011 6:47am Dec 12, 2011 6:47am
Quoting PoundTrader
look like there could be a strong uptrend. keep your eyes open, wish all well, happy trading to all
  • #294,549
  • Dec 12, 2011 7:05am Dec 12, 2011 7:05am
work life balance always pays off.

to be honest, I've become a bit of a chart borg on my exits, but my entries still need polish. with my current method, I can see price, but wait on technical confirmation to go, so typically miss the first 30% of a move. I'm not sure if it's a trust or confidence issue, but I tend to play things on the safe side.

I guess it's a never ending journey of obstacles to overcome.



Quoting TauTrader

I bet the dinner now tastes a lot better. Knowing you took your money off the table. It takes a lot of confidence to enter in any direction on a sharp rally or sharp decline.
  • #294,550
  • Edited 7:21am Dec 12, 2011 7:11am | Edited 7:21am
very good job bear & all tp hit before & now waiting breaks 5628 breaks to fix top to have next short again & may continue below the low again .au previously confirmed break 1.0108 & next confirmation 1.0048 for more heavy bear in the way to go there & so other usd pairs .eu in a mofu 5th at bottom & can take more down to 3210 though but staying out now .

so gu near top , 5643/38 starting short to see .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #294,551
  • Dec 12, 2011 7:22am Dec 12, 2011 7:22am
G/A,

Won't be posting a lot this week as quite busy elsewhere.

Today's current lo was the previous 4hr/1hr swing lo zone confluence with 76.4% 5467-5780. Strong bounce up from there and dly/4hr/1hr remain rangy re opa.

Re potential supp/res/sbr/rbs, to the immediate upside per current near-term 1hr chart below with Daily/Weekly Pivot just above last 1hr Hi, Daily R1 @/around 5739. To the immediate downside the fibs of the move up from current daily lo 5536 to 5656, then @/around current daily lo and below:

5550-36-25 prev 4hr/1hr sw lo zone incl 5541 = 76.4% 5467-5780
5513 85.4% 5467-5780 and Daily S2 @around
5507 76.4% 5422-5780
5503-5495 prev 1hr sw lo zone
5487-77-68 prev 4hr/1hr sw lo zone incl 5476 = 85.4% 5422-5780
5465-60-57 prev 4hr/1hr sw lo zone
5456 Weekly S2 @/around
5439 Daily S3 @/around
5450-35 Daily Asc t/line
5434-22 prev Daily/4hr sw lo zone

[ 5420-5345-5330-5270 prev Weekly/Daily/4hr sw lo zone
[ 5420-5400 Steepest Weekly t/f asc t/line
[ 5386 85.4% 5270-6165
[ 5369 Monthly S1 @/around
[ Weekly R3 5353

5189 61.8% 4225-6746
5110-5395 Weekly t/f asc t/line
5046 Monthly S2 @/around
5038 Weekly S4 @/around
5015-4947 prev Weekly sw lo zone
4819 76.4% 4225-6746
4662 Monthly S3 @/around
4593 85,4% 4225-6746

G/L
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ex member
  • #294,552
  • Dec 12, 2011 7:57am Dec 12, 2011 7:57am
good to see everybody doing good, long or short either way there was money to be made
  • #294,553
  • Dec 12, 2011 9:41am Dec 12, 2011 9:41am
Quoting gsantri
David Cameron admitted on Friday morning that there had been tensions between the 'euro-ins' and 'euro-outs' during the ten hour marathon meeting and he insisted that Britain would "never join the euro".

a man with a vision
U.K. PM David Cameron is set to address the House of Commons and take questions regarding his withdrawal from the new EU treaty deal last week.

Live now on BBC news

applause has been holding sterling from the fall lol..
  • #294,554
  • Dec 12, 2011 9:46am Dec 12, 2011 9:46am
chart Update
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  • #294,555
  • Dec 12, 2011 9:49am Dec 12, 2011 9:49am
Quoting gsantri
U.K. PM David Cameron is set to address the House of Commons and take questions regarding his withdrawal from the new EU treaty deal last week.

Live now on BBC news

applause has been holding sterling from the fall lol..

i have actually gain respected for cameron..at least he can see what the hell is going on
price is going up cause the guy is talk out of his but hole..lol (not cameron)
  • #294,556
  • Dec 12, 2011 9:59am Dec 12, 2011 9:59am
Quoting nAVIN2007
i have actually gain respected for cameron..at least he can see what the hell is going on
price is going up cause the guy is talk out of his but hole..lol (not cameron)
exactly, when the opposition ridiculed cable up .. haha..

man, I really enjoy this..
  • #294,557
  • Dec 12, 2011 10:20am Dec 12, 2011 10:20am
Pretty hard to get bullish on cable with the euro finding no bottom. I stand aside from cable.
Attached Image (click to enlarge)
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  • #294,558
  • Dec 12, 2011 10:22am Dec 12, 2011 10:22am
Quoting gsantri
exactly, when the opposition ridiculed cable up .. haha..

man, I really enjoy this..

yeah jokes
  • #294,559
  • Dec 12, 2011 10:29am Dec 12, 2011 10:29am
Quoting LeanLowFx
Tested new "system" on G/U chart from start of 2011 till now , 53 trades with -40pips stop loss , 40 take profit , 52 trades successfull . With - 25 stop loss , 75 take profit , successfull 36/53 , thats seems to good to be true , will try to test on other pairs and see if results are at least half that good like on G/U ...
Tested E/U and AUD/CAD , with same sl tp , E/U - 82 wins , 37 losses , AUD/CAD - 48 wins , 21 losses
  • #294,560
  • Dec 12, 2011 3:29pm Dec 12, 2011 3:29pm
im not trading this week but took a sneak peak at the system when girlfriend ( for 11yrs ) not around look like we could be heading down to 1.5400 area, GOTTA GO IL BE IN CONTACT ( yes honey i not doing nothing )
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