anyone trading cable 2013 - lets roll

[Talbs!]

It's not that far from expectations. I think it's down mainly for pull back reasons. I am happy. and buying at the current levels, although not for day trade. I hope it will be down a 100 points. Then I can get in at a point I previously wanted to get in.

My point was i think cable is a buy, hence ive gone long at 11

 

[bbmac]

Nice call ! - bids touted there earlier 5800-10 and it's the topside of the previous 4hr/daily descending trend line that was breeched to the upside on run up to 5778.

Move down puts the 1hr general uptrend in some doubt now ? ie a L below the last 2 x HL's on that t/f, although no LL yet.


G/L

Uk Data was poor, but i think buying cable here as a day trade is a good entry level, USd will get slammed later on, markets very risk on, even though gbp seems to be less affected by risk on moves these days

Long cable at 1.5811

 

[Talbs!]

Nice call ! - bids touted there earlier 5800-10 and it's the topside of the previous 4hr/daily descending trend line that was breeched to the upside on run up to 5778.

Move down puts the 1hr general uptrend in some doubt now ? ie a L below the last 2 x HL's on that t/f, although no LL yet.


G/L

Cheers BB mac out now +20 await NFP

 

[cablemonster]

morning chaps, no trading today as have other business commitments.

MNI

CABLE: Gets pressed down to $1.5814 on reported euro-sterling demand into the
1000GMT fix, talk of EU farm subsidy reversal behind the cross buyying. Cable
support seen into $1.5800/1.5790 with stops below.

 

[cablemonster]

My point was i think cable is a buy, hence ive gone long at 11

you nailed that entry mate. :cheesy:

 

[chaselancaster]

As a newbie this is what confuses me but it's obviously just your trading style is different to mine - call me old fashioned but when it's going down I sell.

Thanks.

Ok, no more messing about. I am long biased in cable. So I am building a long position. Initial manual stop at 1.56707. The position will be built from all favourable price levels. To make it interesting, I am entering probing positions starting at the current price of 1.5871.

 

[cablemonster]

The 1.5775 level looks interesting. Previous hourly S/R, 50% fib plus medium demand touted by MNI.

 

[cablemonster]

CABLE: MNI Cable: Fundamental levels (orders, options, technicals),
$1.5950/60 Strong offers
$1.5920/30 Medium offers
$1.5900 Stops on break
$1.5880/95 Medium offers/$1.5895 200-dma (key on close)
$1.5879 Int.Day high Europe, Asia $1.5878 (NY $1.5876)
$1.5862 Tech 76.4% $1.5879-07
$1.5822 **Current market rate 1125GMT Friday
$1.5807 Int.Day low Europe, Asia $1.5845
$1.5800 Medium demand on approach
$1.5785/75 Medium demand/$1.5775 Jan31 low
$1.5765/60 Large stops
$1.5755/50 Minor demand
$1.5730/20 Medium demand
$1.5710/00 Medium demand/$1.5695-90 Stops

 

[BeginnerJoe]

As a newbie this is what confuses me but it's obviously just your trading style is different to mine - call me old fashioned but when it's going down I sell.

Thanks.

But you were buying on your last post. Now you are selling. Do you really know what you want ?

 

[brewski1984]

I closed for a tiny profit before NFP, I'm a bit gutted now.

 

[BeginnerJoe]

Nice pre-news bull squeeze.

 

[chaselancaster]

But you were buying on your last post. Now you are selling. Do you really know what you want ?

That's because it was going up (to a 5878 Hi) and when I wrote that last post it was going down - so I was selling - which beats buying when it was going down as you were doing - in fact you bought at 5871 in a post earlier today !

 

[cablemonster]

Will we see a bounce up from 75s

 

[BeginnerJoe]

Will we see a bounce up from 75s

The down turn probably will run into tomorrow. It won't be nice if it reverses all the recent gains.

 

[bbmac]

76.4% 5724-5878 at/around the current post NFP lo with a previous 1hr swing hi zone as 1hr general opa uptrend breaks down completely after earlier clue with the earlier L coming below the last 2 X Hl's of that previous general opa uptrend , now a LH and a LL now on 1hr

G/L

 

[BeginnerJoe]

That's because it was going up (to a 5878 Hi) and when I wrote that last post it was going down - so I was selling - which beats buying when it was going down as you were doing - in fact you bought at 5871 in a post earlier today !

I buy and sell at all levels. I don't have anything at 5871 in stock currently.

 

[chaselancaster]

This is what you said earlier today:

Ok, no more messing about. I am long biased in cable. So I am building a long position. Initial manual stop at 1.56707. The position will be built from all favourable price levels. To make it interesting, I am entering probing positions starting at the current price of 1.5871.

Whatever - I can see I am wasting my time.

 

[BeginnerJoe]

This is what you said earlier today:




Whatever - I can see I am wasting my time.

This is what I said a few minutes ago: I buy and sell at all levels.

I hope you are not suggesting I should have gotten married to my trade at 5871, and till death do we part. Trades come and go. Probing trades go especially easy - a bit like women.

 

[cablemonster]

just got back to my screens after meetings. wow cable tanked today, hope you guys did well. I am sure Big Mac cleaned up as usual!

 

[Dentalfloss]

cable 1 minute data
uptrend that started on 29 jan
uptrend was taken out and a new downtrend started today