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Cable Update (GBPUSD)

  • #331,741
  • Dec 5, 2012 2:24pm Dec 5, 2012 2:24pm
Quoting A-speculator
seems like the kiwi is already on the stairway to heaven.. lol. perhaps others will follow suit.. in time.

hopefully can get cable to retrace back down to at least 6060 before moving upwards.
Damn fine entry there Specs
Come with me if you want to live....
  • #331,742
  • Dec 5, 2012 2:26pm Dec 5, 2012 2:26pm
Quoting Ill-b-back
Damn fine entry there Specs


lol.
  • #331,743
  • Dec 5, 2012 2:28pm Dec 5, 2012 2:28pm
Quoting Ill-b-back
Damn fine entry there Specs
aussie might be the next one, since it has fundamental data coming out next..
  • #331,744
  • Dec 5, 2012 2:34pm Dec 5, 2012 2:34pm
Quoting A-speculator
aussie might be the next one, since it has fundamental data coming out next..
If commodities go the way I think they will, you could hold Aussie longs for years
Come with me if you want to live....
  • #331,745
  • Dec 5, 2012 2:34pm Dec 5, 2012 2:34pm
this is my positions on the aussie, 4h seems like it almost at the resistance but the positions is actually based on latest development on the daily..
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  • #331,746
  • Dec 5, 2012 2:38pm Dec 5, 2012 2:38pm
Quoting Ill-b-back
If commodities go the way I think they will, you could hold Aussie longs for years
i don't know for how long i will hold the positions mate, but i don't think i will hold them for years..
  • #331,747
  • Dec 5, 2012 3:00pm Dec 5, 2012 3:00pm
Quoting A-speculator
this is my positions on the aussie, 4h seems like it almost at the resistance but the positions is actually based on latest development on the daily..
I don't think I've ever seen a chart with more indicators than this.

Quoting CasperTrader
I think it's better to take cash and run. You can always re-enter if breaks 6175 on a re-test.
This is how I trade as well...I pick out the major levels and then take profit after it reaches the other side. If it breaks, catch the re-test, if it doesn't, you take a small loss relative to what you can make. No reason to risk losing all of your gains over a few pips spread.
  • #331,748
  • Dec 5, 2012 3:00pm Dec 5, 2012 3:00pm
Quoting Kanzler
I don't think I've ever seen a chart with more indicators than this.
  • #331,749
  • Dec 5, 2012 3:12pm Dec 5, 2012 3:12pm
Hi,

I think we will go higher, maybe higher than 6300. The market is crazy - dominant the fiscal cliff fear
Attached Image(s) (click to enlarge)
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  • #331,750
  • Dec 5, 2012 3:33pm Dec 5, 2012 3:33pm
Quoting Kanzler
I don't think I've ever seen a chart with more indicators than this.



This is how I trade as well...I pick out the major levels and then take profit after it reaches the other side. If it breaks, catch the re-test, if it doesn't, you take a small loss relative to what you can make. No reason to risk losing all of your gains over a few pips spread.
  • #331,751
  • Dec 5, 2012 3:54pm Dec 5, 2012 3:54pm
Quoting kollargbr
Hi,

I think we will go higher, maybe higher than 6300. The market is crazy - dominant the fiscal cliff fear
Likely to retest 1.6062 before a move higher.
Attached Image (click to enlarge)
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  • #331,752
  • Dec 5, 2012 4:12pm Dec 5, 2012 4:12pm
Quoting Kanzler
Likely to retest 1.6062 before a move higher.
yeah - if we close lower than asc. tl. (~ 1.60) i'll close my long position
  • #331,753
  • Dec 5, 2012 4:26pm Dec 5, 2012 4:26pm
We could get a short squeeze today.

Hedging down..
Attached Image(s) (click to enlarge)
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Come with me if you want to live....
  • #331,754
  • Dec 5, 2012 4:44pm Dec 5, 2012 4:44pm
Quoting Ill-b-back
We could get a short squeeze today.

Hedging down..
mate, you already long at the support.. why the need to hedge and hedging at the minor support? feelin' greedy eh?

that could turn out badly, you know that already, right?

i'm just saying mate, i didn't mean anything..
  • #331,755
  • Edited 5:22pm Dec 5, 2012 5:04pm | Edited 5:22pm
Quoting A-speculator
mate, you already long at the support.. why the need to hedge and hedging at the minor support? feelin' greedy eh?

that could turn out badly, you know that already, right?

i'm just saying mate, i didn't mean anything..
Hi Specs, I appreciate and understand your concern mate, I do

I'm simply being 100 percent mechanical here.

My swing chart tells me that different TF's conflict.
In short, we are still compressing on these TF's and market is still FUBAR.

Looking at PA, I do actually expect the top stop loss to be hit but when we bust out of this compression, I want to be there to ride it. There is also the chance I will get a valid long signal after a retrace here if it occurs, in which case I will add long with a tight stop keeping the short open in case I am wrong about the 2nd long.

I've got an $860 account (grown from $400 a few months ago ), so is a good time to put things to the test.

If it blows it blows, but I won't be in the poor house, and don't expect it to blow.

I've got some good trading tools Specs so just putting them thru their paces.

Cheers mate
Come with me if you want to live....
  • #331,756
  • Dec 5, 2012 5:11pm Dec 5, 2012 5:11pm
Quoting Ill-b-back
Hi Specs, I appreciate and understand your concern mate, I do

I'm simply being 100 percent mechanical here.

My swing chart tells me that the daily conflicts with that of the weekly which conflicts with the monthly.
In short, we are still compressing on these TF's and market is still FUBAR.

Looking at PA, I do actually expect the top stop loss to be hit but when we bust out of this compression, I want to be there to ride it. There is also the chance I will get a valid long signal after a retrace here if it occurs, in which case...
allright then mate, hopefully i don't get to hear any blown account.. since i want you to be here for a long long time..

just remember this mate, to be profitable in this business you don't need to chase every wave mate.. and remember that a lot of money are made while waiting.. i mean we get a lot of waiting time here and not everyday our position get triggered, and when get triggered it will takes some time to add to the position...

and please, next time if you plan to hedge, take a better price, will you?

and currently i'm waiting for 6060 to long..
  • #331,757
  • Dec 5, 2012 5:20pm Dec 5, 2012 5:20pm
Quoting A-speculator
allright then mate, hopefully i don't get to hear any blown account.. since i want you to be here for a long long time..

just remember this mate, to be profitable in this business you don't need to chase every wave mate.. and remember that a lot of money are made while waiting.. i mean we get a lot of waiting time here and not everyday our position get triggered, and when get triggered it will takes some time to add to the position...

and currently i'm waiting for 6060 to long..
It's ok, I don't think you understood me though.
This trade is not about catching every wave, it's about protecting what I have open in the market.

I am just being mechanical. PA tells me we have more upside but when chart indies conflict I am simply covering for the unexpected that's all. I agree I will be very fortunate to make any money on this down move but just protecting my open profit in case of the unexpected.
Come with me if you want to live....
  • #331,758
  • Dec 5, 2012 5:23pm Dec 5, 2012 5:23pm
took a smack in the face by the yen dumping we see today..... ill have my revenge.... my tech strategy works if market was moving only on tech flow....
god damn Japs!!!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,759
  • Dec 5, 2012 5:25pm Dec 5, 2012 5:25pm
Quoting A-speculator
allright then mate, hopefully i don't get to hear any blown account.. since i want you to be here for a long long time..

just remember this mate, to be profitable in this business you don't need to chase every wave mate.. and remember that a lot of money are made while waiting.. i mean we get a lot of waiting time here and not everyday our position get triggered, and when get triggered it will takes some time to add to the position...

and please, next time if you plan to hedge, take a better price, will you?

and currently i'm waiting...
my question to u is..why wait for 6060, why not trade it to this point..unless u think the changes of 6060 are bad?..i dont understand the logic, especially if u are waiting for this number
  • #331,760
  • Dec 5, 2012 5:25pm Dec 5, 2012 5:25pm
Quoting Ill-b-back
It's ok, I don't think you understood me though.
This trade is not about catching every wave, it's about protecting what I have open in the market.

I am just being mechanical. PA tells me we have more upside but when chart indies conflict I am simply covering for the unexpected that's all. I agree I will be very fortunate to make any money on this down move but just protecting my open profit in case of the unexpected.
maybe you're right, being old sometimes let me think the new strategy in the market.

perhaps it's because of my conservative strategy.

i wish you all green pips and all the best to you mate, i really mean it.
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