Best Thread Live Cable Trading

[neil]

Story so far......Cable 5 minute chart

Cable seems to be bouncing along Asian overnight low

 

[Baruch]

Me thinks he's getting hammered because the ADR on Cable is only just over 100 currently.

Yes, and because the morning trade starts too late.

 

[Kaffee]

Yes, and because the morning trade starts too late.

Maybe... doesnt explain why it worked so well last year though... or are you saying that direction didn't start until after 9 am in 2005 ??

Don't think that's true Baruch, I remember in December it was putting on / taking off 80 pips before 8 am and Hans was up.

 

[neil]

Cable 5 minute chart

Updated Cable chart:

 

[dc2000]

That's a stop and half there DC - 50 PIPS

only a small trade though 1/3rd size was just looking for something positional until I can get back to watching screen

 

[TheBramble]

I just hope the 50 pip break within the next 60 mins is in the 'right' direction for you.

 

[TheBramble]

Come on, which way?

Dahn....

 

[Kaffee]

Come on, which way?

Dahn....

....Or as a poster on another board I frequent sometimes requests:-

Tank ya barsteward !!!

 

[breadman]

GBP/USD daily, It looks like we have had 4 waves since 23 Jan with the final 5 down wave still to come, which should get lower than 14 Feb low of 17280 or make a double bottom as the trend line form 28 Nov and 28 Dec lows comes in at 17280 . A close in the 17360 to 17280 range would complete the fifth wave. The EUR/USD has had a range of 11860 to11960 for the last 10 day now it has broken to the down side.

Breadman

 

[Baruch]

Maybe... doesnt explain why it worked so well last year though... or are you saying that direction didn't start until after 9 am in 2005 ??

Don't think that's true Baruch, I remember in December it was putting on / taking off 80 pips before 8 am and Hans was up.

Kaffee,

OK, then tell us the real reason?

 

[neil]

5min Cable Chart

Still bouncing off overnight support line

 

[Kaffee]

Kaffee,

OK, then tell us the real reason?

Eh ?? I don't know the real reason. Just pointing out that it's not a time of day thing.

Anyway... nothing to stop an early trend reversing and going on to be a mega breakout... but that will only come with a big daily range.

So until the ADR picks up... any breakout will struggle.... even the legendary Big Baruch.

 

[Kaffee]

Still bouncing off overnight support line

And starting to get on my pecs now !!

 

[Baruch]

A honest forex traders' blog:

http://pippinainteasy.blogspot.com/

PS. He is using the Alba system.

I suppose most system traders had troubles this month?

 

[tradesmart]

A sideways/whipsaw day for cable, but maybe it’s formed a broad enough support base for a foray north to fill the day’s opening gap on the ‘spot’ chart shortly…..

Probably in the early hours when we’ve all got bored watching it…..

 

[dc2000]

still holdin glad I wasnt at screen all day

 

[TheBramble]

You missed a whippy bit of action at one time where it snapped up and then down 9 pips in less than 3 hours. Caught me on the hop, I can tell you!

 

[TheBramble]

Tuesday February 28th 2006

Central pivot wider than recent days at 16 pips. Not exactly tradeable, but indicative perhaps at 7389/7405.

7405 showing as a real point of interest, currently lower.

Daily range (for me) is 7357/7437.

 

[TheBramble]

Local support at 372.

Long. Target 7405.

 

[coolTrader]

Central pivot wider than recent days at 16 pips. Not exactly tradeable, but indicative perhaps at 7389/7405.

7405 showing as a real point of interest, currently lower.

Daily range (for me) is 7357/7437.

How did you arrive at your range?