Best Thread Live Cable Trading

[Tzachi]

The UK retails sales' spike was a good place to take profit.

Did u?

When did you get in?

 

[jacinto]

seems like 7500 hasn't seen the last visit.......look at eurodollar, clearing 2075-80, goes to 2095, and Cable with it.

 

[Baruch]

Did u?

When did you get in?

I trade Big Baruch: Buy/sell the first BO after London Open.

But I have changed the rules: Before I did not trade, when there was UK news later in the morning. But that was a bad rule. Because the news can be a good time to take your profit. So now I take a position no matter what.

 

[Uphios]

seems like 7500 hasn't seen the last visit.......look at eurodollar, clearing 2075-80, goes to 2095, and Cable with it.

Maybe but they are quite different animals at the moment. EURGBP has weakened against a background of possible interest rate increase in Euroland and possible decrease in UK. Much more difficult to apply the the usual relationship I think.

 

[jacinto]

Maybe but they are quite different animals at the moment. EURGBP has weakened against a background of possible interest rate increase in Euroland and possible decrease in UK. Much more difficult to apply the the usual relationship I think.

. also agree with you....there feels to be general dollar bearishnes.....the question is if there is euro bullishnes....then where does sterling stand in releative terms? my humble opinion is "choppy"

 

[Tzachi]

I trade Big Baruch: Buy/sell the first BO after London Open.

But I have changed the rules: Before I did not trade, when there was UK news later in the morning. But that was a bad rule. Because the news can be a good time to take your profit. So now I take a position no matter what.

What time is your London open? 2 or 3 EST time? what do you use as a filter to avoide fakes?

 

[Uphios]

. also agree with you....there feels to be general dollar bearishnes.....the question is if there is euro bullishnes....then where does sterling stand in releative terms? my humble opinion is "choppy"

I think so. Good time for those that are good at scalping, which I'm not.

On another issue I can't help thinking about those retail figures. +2.1% across the year. This has to be really bad for the average retailer with increased rates, energy bills and wage bills. I would hate to be running a retail business at the moment. The only way forward for them as I see it is squeeze the wholesalers.

 

[jacinto]

Please correct me, as I dont really know this pattern very well, but is there a 123 forming in the 10 and 15 minute chart? if so, 60-65 triggers the short? if so, is 7430 the next target?

 

[Baruch]

What time is your London open? 2 or 3 EST time? what do you use as a filter to avoide fakes?

Around 8.00 gmt. I don't use a filter, but I like euro to confirm the BO.

 

[Uphios]

Please correct me, as I dont really know this pattern very well, but is there a 123 forming in the 10 and 15 minute chart? if so, 60-65 triggers the short? if so, is 7430 the next target?

Dunno. But I am looking at a small channel (or is it a very long triangle) that has a bottom line around 7442.

 

[jacinto]

Dunno. But I am looking at a small channel (or is it a very long triangle) that has a bottom line around 7442.

errr, not good with geometry.....

 

[eatontrade]

You still short from 85 Uphios ?

 

[Uphios]

You still short from 85 Uphios ?

Yup. Said I was no good at scalping. I've watched the points come and go most of the morning

 

[eatontrade]

Well you got a few there - nice one. I stayed long and gave back profits from early this morning - not happy.

 

[Uphios]

Well you got a few there - nice one. I stayed long and gave back profits from early this morning - not happy.

Not got them yet, only on paper. Could well return to the 90's. I will have think about taking it at my bottom channel but only if I think I will be able to get my short back on in the 80's. I have to stick to my down market view until 7516 goes, if it goes.

 

[kon_london]

cable

if cable back to 7450 - that is idea to sell cable...

 

[indexgold]

Anyone use CME Futures $12.50 contract for day trading the EUR/USD.

 

[eatontrade]

Anyone use CME Futures $12.50 contract for day trading the EUR/USD.

No but I do use the CME GBPUSD future

 

[Uphios]

Amazing this market. Eatontrade loses on the long side and in exactly the same market I lose on the short side!

 

[trendie]

nice unexpected upthrust.
on 5-mins, seesm to be breathing.
worth a short-term short back to 475 or so ?