anyone trading cable 2013 - lets roll

[cablemonster]

the stop hunters are active, if you look at that last 1 minute thrust candle you can check some other pairs to see if the move was dollar related or not, I normally check the euro to see if it was a correlated move as a rule of thumb. If the move is isolated to cable around 12 to 2pm London time you can be sure it is a larger player trying to push price to where they can get out safely.

 

[cablemonster]

price just rejected a minor H1 S/R level combines with another fib, these levels are gold. I would expect the stop hunters to pop this level on a retest though.

 

[Talbs!]

ive just sold 32's , took a 50 point profit o/n so have this to play with , think we re tesr 1.5703 later on

 

[cablemonster]

descending hourly trendline plus couple of fibs providing some resistance here.

 

[Talbs!]

still dont like that gap left from friday night to sunday nights open, think we eed to fill that before we head lower !

 

[cablemonster]

here comes the afternoon stop run going to try and get back short if i see 40 !

you call on shorting 40s was a good one, it didnt see the 45's and 50s. may i ask your reasons for targeting the 40s?

 

[Talbs!]

Not a problem, fridays low was 45 so once that support broke that was going to be the resistance level, sometimes the market doesnt quite get to those levels so i like to work offers a few pips below.

 

[brewski1984]

I got rinsed out of my trade.

 

[cablemonster]

Not a problem, fridays low was 45 so once that support broke that was going to be the resistance level, sometimes the market doesnt quite get to those levels so i like to work offers a few pips below.

I get you make sense. below 1.5650 for the daily close?

 

[cablemonster]

I got rinsed out of my trade.

sorry to here that mate. you were against a strong weekly candle. check the weekly/monthly chart, this sucker is going down to the bottom of its range most likely.

 

[cablemonster]

I got rinsed out of my trade.

maybe post up your trade reasons and you can get some constructive feedback.

 

[brewski1984]

Gone long GBP/USD from 1.5825, 100 point stop. Catching a falling knife eh?

This was my live call on the trading thread, I already thought it was heading down

 

[BeginnerJoe]

This was my live call on the trading thread, I already thought it was heading down

Nasty. You prolly got caugh up with bbmac's dead cat bounce.

 

[brewski1984]

You can't win them all. My long on eur/usd from 1.3300 last week is more than making up for it

 

[Talbs!]

I get you make sense. below 1.5650 for the daily close?

lets hope so would be a great end to the day !

 

[Talbs!]

You can't win them all. My long on eur/usd from 1.3300 last week is more than making up for it

Correct attitude, scrap it move on to the next one !!

Breweski didnt u take profit on that trade after UK GDP , or am i confusing you with someone else ?

 

[brewski1984]

Must be somebody else as I never called it on here.

 

[cablemonster]

This was my live call on the trading thread, I already thought it was heading down

and your reason for going long there was?

 

[Talbs!]

Must be somebody else as I never called it on here.

ok cool, sorry fella, someone had exactly the same buy level and stop level !

 

[BeginnerJoe]

and your reason for going long there was?

Obviously to do with the 'strong' bounce after the figures. But the danger sign was there before the bounce.