Best Thread Live Cable Trading

[c6ackp]

might be a bit early trendie - let's wait & see how much ammo the hourly bears have left...

 

[coolTrader]

I am waiting for the market to bottom out before going long

 

[coolTrader]

Looking too bearish at the moment.

 

[JonnyT]

Way too early for a long. The European session's trend is set. Only the US can pull this up.

JonnyT

 

[PipSqueek]

I am waiting for the market to bottom out before going long

you might be waiting a long time

 

[trendie]

LONG again: at 1.7443.
2 lots: stop-loss; 1.7415.

out.
result=28 x 2 = -56.
( 2 trades. -56 )

 

[tradesmart]

Cable is whipsawing in a triangle setup just now…

It might want to test the lower support line before any turnaround or reserve the right to fall straight through…..

Assuming a breakout north if the US data later in the week is $ negative, 1.7700 could be on the cards imho.... (but not today.....!)

 

[PipSqueek]

long at 7406 for quick scalp. stop open, t/p 20+

 

[c6ackp]

long at 7406 for quick scalp. stop open, t/p 20+

your pips are being squeezed for sure! brave call tho...

 

[coolTrader]

I cant see any long

 

[trendie]

Way too early for a long. The European session's trend is set. Only the US can pull this up.

JonnyT

Whats a european session trend ?
When does it start, and end ?
( I think I read a strategy in Trader magazine, where the direction of the market when the germans open for business is the likely trend for the day, with a slight retrace when London opens. Is it that one ? )

thanks

 

[PipSqueek]

long at 7406 for quick scalp. stop open, t/p 20+

stop and erevrse @98


closed @ 70

 

[JonnyT]

US news events etc generally around 13:30, i.e. 08:30 EST is when the US money starts to flow. (Actually probably 13:00)

The market generally becomes more volatile until about 16:00 UK time, thanks to the US input.

JonnyT

 

[G-Man]

Anyone know of any specific reason for the 130+ swoon off of 17500, apart from nsa output prices.. Options etc. Or just more $ strength?

Bit confused by this one today.

G-Man

 

[JonnyT]

Because everyone wants to buy dollars and short the pound!

JonnyT

 

[coolTrader]

Because everyone wants to buy dollars and short the pound!

JonnyT

:cheesy: it's usually that simple

 

[G-Man]

So am I.

G-Man

 

[bodebliss]

Cable may be out to test 11/7 low.

 

[c6ackp]

"various large funds" are selling - collectively GBP1bn has been sold since the 495 failure

 

[zuke]

Cable broke 7385 Support but hasnt yet tested 7320 or 7300 (some were predicting freefall from 7385 to 7270). I am currently :

3 lots
LONG 1.7377
STOP : 30 pips
Target: 60 pips

I use, 15 mins, hourly, 4 hourly and daily charts.

Lets see how this goes...