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Cable Update (GBPUSD)

  • #316,521
  • Jun 15, 2012 10:31am Jun 15, 2012 10:31am
Good day to you,

Ok - this is bad.

Weekly tells me higher, but daily and 4hr tells me enough for the interim. Do I keep the long open for the sake of the exercise, or to I bank, trade back down and then re-enter?

Latter makes more sense. Especially on Friday.

Closing the 1.5578 long here.

reversing with very small percentage short (25%) - enter short @ 1.5650

Regards
  • #316,522
  • Jun 15, 2012 10:36am Jun 15, 2012 10:36am
Quoting TauTrader
Good day to you,

Ok - this is bad.

Weekly tells me higher, but daily and 4hr tells me enough for the interim. Do I keep the long open for the sake of the exercise, or to I bank, trade back down and then re-enter?

Latter makes more sense. Especially on Friday.

Closing the 1.5578 long here.

reversing with very small percentage short (25%) - enter short @ 1.5650

Regards
Good day,

SL placed just above the opening price of 2 weeks ago @ 1.56897

Regards
  • #316,523
  • Jun 15, 2012 10:48am Jun 15, 2012 10:48am
good day to you.

I'm either on "ignore" by 80% of the dudes here - or everyone went home..

So - see next week. No problem.

Regards
  • #316,524
  • Jun 15, 2012 10:51am Jun 15, 2012 10:51am
Guess what now ireland is the new issue gbp is a head fake watch this open arounf 1.54 monday
  • #316,525
  • Jun 15, 2012 10:51am Jun 15, 2012 10:51am
Please kindly close or hedge any position you have over the weekend.

Believe me, you dont want to be arround when the shit hits the fan. Even the big institutions are all running for the hills. The markets could open with a 200pips gap on monday.
The only way not to think about money is to have a great deal of it
  • #316,526
  • Jun 15, 2012 10:56am Jun 15, 2012 10:56am
Quoting Makavelli7
Please kindly close or hedge any position you have over the weekend.

Believe me, you dont want to be arround when the shit hits the fan. Even the big institutions are all running for the hills. The markets could open with a 200pips gap on monday.
And believe me it will as it did monday. We gonna have fun
Loosening is not an option
  • #316,527
  • Jun 15, 2012 11:02am Jun 15, 2012 11:02am
Ok - let us go down to 1.5610 for the end of the day.

nice level to keep everyone wondering.

Regards
  • #316,528
  • Jun 15, 2012 11:04am Jun 15, 2012 11:04am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Barring any weekend meltdowns leaving shrapnel everywhere, I'll be looking for a solid Price Action signal next week as a possible false break of this MAJOR support turned resistance area. Good luck to all.

Cheers.

Yo TauTrader take a break you've earned it

http://i637.photobucket.com/albums/u...nby/cable2.gif
  • #316,529
  • Jun 15, 2012 11:09am Jun 15, 2012 11:09am
Quoting TauTrader
Ok - let us go down to 1.5610 for the end of the day.

nice level to keep everyone wondering.

Regards
Bro, I don't think sooo!
The only way not to think about money is to have a great deal of it
  • #316,530
  • Jun 15, 2012 11:15am Jun 15, 2012 11:15am
Quoting eggs
Barring any weekend meltdowns leaving shrapnel everywhere, I'll be looking for a solid Price Action signal next week as a possible false break of this MAJOR support turned resistance area. Good luck to all.

Cheers.

Yo TauTrader take a break you've earned it

http://i637.photobucket.com/albums/u...nby/cable2.gif
Good day to you, sir

I really wish I could one day use "open" charts...

I remain an indicator whore.

You know your sh*t. Much respect for you.

I do not understand why many of the others have not noticed your knowledge base....

Beats me.

Anyway - thank you - kind sir -

Just want to scalp a few pips south before the close. I will then go.

wish you and your loved ones a pleasant week-end

Warm regards
  • #316,531
  • Jun 15, 2012 11:20am Jun 15, 2012 11:20am
Quoting Makavelli7
Bro, I don't think sooo!
Good day to you,

Thank you for your concern.

I have my stop in place. Small lot in comparison. Well worth a go.

Here is the story - gotta take this system through it's paces. all conditions. None more adapt than the current. If this can function in the ranging market we have had...

Imagine a trending one..

I take heed of your warning though.

Thank you for looking out

Regards
  • #316,532
  • Jun 15, 2012 11:29am Jun 15, 2012 11:29am
Has to be lower for now...

I have looked everywhere.
  • #316,533
  • Jun 15, 2012 11:40am Jun 15, 2012 11:40am
Closed my long +50 pips.
Might jump in long again (small position) and hold it until market open if I feel brave.
Have a good weekend all!
  • #316,534
  • Jun 15, 2012 11:43am Jun 15, 2012 11:43am
Quoting Makavelli7
Please kindly close or hedge any position you have over the weekend.

Believe me, you dont want to be arround when the shit hits the fan. Even the big institutions are all running for the hills. The markets could open with a 200pips gap on monday.
If 200 pips scares you maybe you should look at your MM again or maybe quit this business as the long term outcome is predictable.

My 2 pence.
.
  • #316,535
  • Jun 15, 2012 11:45am Jun 15, 2012 11:45am
good day,

endulge me.

Inserted Video
  • #316,536
  • Jun 15, 2012 12:06pm Jun 15, 2012 12:06pm
yep,

Money makes peoples happy.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #316,537
  • Jun 15, 2012 12:15pm Jun 15, 2012 12:15pm
Good day to you,

This is a squeeze. Adding short @ 1.5662

Regards
  • #316,538
  • Jun 15, 2012 12:21pm Jun 15, 2012 12:21pm
Quoting manniMe
If 200 pips scares you maybe you should look at your MM again or maybe quit this business as the long term outcome is predictable.

My 2 pence.
here they go again!. Clueless micro mini account traders that just came back from an fxtrading seminar organised by serial losers coming to run their mouths on the forum.

Mr expert Money Manager, i was talking to newbies who dont know how these things work. I can bet my life that you've never done an fx acc withdrawal in your life!
The only way not to think about money is to have a great deal of it
  • #316,539
  • Jun 15, 2012 12:24pm Jun 15, 2012 12:24pm
What's the chinese word for this:

Spectacular.

got it.
  • #316,540
  • Jun 15, 2012 12:29pm Jun 15, 2012 12:29pm
Quoting Makavelli7
here they go again!. Clueless micro mini account traders that just came back from an fxtrading seminar organised by serial losers coming to run their mouths on the forum.

Mr expert Money Manager, i was talking to newbies who dont know how these things work. I can bet my life that you've never done an fx acc withdrawal in your life!
Mr DeadMan, I can inform you that you've just lost your life. And by the way, your reply doesn't make any sense as I don't think you understood what I've said.
.
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