Best Thread Live Cable Trading

[marmoset]

rav700

Your words in Tokyo's ears... Been a while since I've seen Tokyo go down 48 pips till 1am GMT, its 9AM caffein point.

Sounds like we're in for a choppy day, especially since the US news is way toward 21.00GMT (Bernanke sounding off at 23.00GMT)

Anticipipating that, I've studded the area like a mine field with limited buy/sell entry orders, both ways, aiming at 30-50pips each. Looks like the Day of Reckoning will be Friday with the NFP figs.

Personally I think that aforementioned chop/consolidation will occur before the correction manifests itself. Another indicator is no new high compared to yesterday, rate sticking to R1 level once it got there etc.

Been a textbook day btw, 3 bounces off of 8400 with retracements down to 8320, 8350 and 8375.
Just a bit miffed the fat lady jumped the 8300 hurdle so elegantly my entry buy at 8303 got missed due to rate moving too fast, I missed out on 100pips as the limit was 8407. Have to be around to click OK on "rate has timed out and moved out of range. do you accept new price?"


Today's levels:
R1 8477
pivot 8343
S1 8258
Think that'll be the range for the day so I've peppered it with limited entry orders. Market wants to go stop huntin'? Well, go on, MAKE MY DAY

Pip count? Dunno, added 5% to my account, looks like... and yes, Big Ben did the

Tomorrow morning I'll just have to refill the craters Tokyo left before going to work.

Happy trading all!

 

[marmoset]

Awoke to 175 pips, 4 .1 buys got triggered at different points and closed. Tokyo sure delivered :cheesy: 91 pips bottom to top.

Right now 2nd move down from Tokyo high (8443) bounced off of 8400 big fig, 3 .1 shorts active, all 30 pippers down to 8375.

Replanting the minefield with Bouncing Betties:
buy .2 at 8406 limit 8498 (big fig bounce bottom and top just above R1)
buy .1 at 8510 limit 8548 (hurdle big fig 8500)
sell .1 at 8494 limit 8425 (continuation of big fig bounce top to near bottom)
sell .1 at 8474 limit 8440 (bounce off R1)
buy .2 at 8455 limit 8540 (safety net for the shorts, break out Tokyo high)
buy .1 at 8364 limit 8398 (reversal of Big Ben, bounce big fig)
sell .1 at 8344 limit 8312 (Tokyo low breakout to big fig down)
buy .1 at 8305 limit 8396 (bounce off days low big fig)

Right, shower, shave, off to the daily rat race / hamster wheel.

Happy trading!

 

[rav700]

Awoke to 175 pips, 4 .1 buys got triggered at different points and closed. Tokyo sure delivered :cheesy: 91 pips bottom to top.

Right now 2nd move down from Tokyo high (8443) bounced off of 8400 big fig, 3 .1 shorts active, all 30 pippers down to 8375.sell .1 at 8344 limit 8312 (Tokyo low breakout to big fig down)
buy .1 at 8305 limit 8396 (bounce off days low big fig)

Replanting the minefield with Bouncing Betties:
buy .2 at 8406 limit 8498 (big fig bounce bottom and top just above R1)
buy .1 at 8510 limit 8548 (hurdle big fig 8500)
sell .1 at 8494 limit 8425 (continuation of big fig bounce top to near bottom)
sell .1 at 8474 limit 8440 (bounce off R1)
buy .2 at 8455 limit 8540 (safety net for the shorts, break out Tokyo high)
buy .1 at 8364 limit 8398 (reversal of Big Ben, bounce big fig)


Right, shower, shave, off to the daily rat race / hamster wheel.

Happy trading!

You are one hell of a classy trader mate.......I aint never seen anyone trade a pair like this good thing you dont trade all 6 cross pairs or you would be the the swiss bank mate....Well done I have been waiting for you posts from the last 2 days and boy oh boy.....I am just in shock....Well done mate

 

[rav700]

Short at 1.8469 stop at 1.8489 limit at1.8439

 

[rav700]

Short at 1.8469 stop at 1.8489 limit at1.8439

30 pips in the bag for today sold at 1.8429

 

[marmoset]

Good call rav700!

 

[marmoset]

Ye Gods, look at that belly flop! means all my shorts down to 8375 got filled and closed, 90 something pips plus the R1 bounce short 30 pips: +120 pips

Tally so far: 175+120 = 295

 

[rav700]

Ye Gods, look at that belly flop! means all my shorts down to 8375 got filled and closed, 90 something pips plus the R1 bounce short 30 pips: +120 pips

Tally so far: 175+120 = 295

Thanks mate....
Are you trading cable full day today or just the usual night time trading

 

[marmoset]

Question now is: will S1 (8358) hold or are we in for more downside?

 

[rav700]

Question now is: will S1 (8358) hold or are we in for more downside?

I think it has found some support and now will attempt the 8400 again and thereafter the 8425
Lets w8 and see am currently long at 8478

 

[rav700]

I think it has found some support and now will attempt the 8400 again and thereafter the 8425
Lets w8 and see am currently long at 8478

What a beauty right on time moved my stop to 88 and just got stopped out cos it was a heavy trade....
10 pips in the bag again

 

[marmoset]

My thoughts too, back up to 8400, might bounce off again (don't care, long at 8364 limit 8398)

Oh, and I'm not trading, just watching an online chart in the office and posting. :cheesy:
If I were at home I'd be re-peppering the field with limit orders

Right, back to my hamster wheel

*squeak*squeak*squeak*

 

[rav700]

My thoughts too, back up to 8400, might bounce off again (don't care, long at 8364 limit 8398)

Oh, and I'm not trading, just watching an online chart in the office and posting. :cheesy:
If I were at home I'd be re-peppering the field with limit orders

Right, back to my hamster wheel

*squeak*squeak*squeak*

I am at work as well why it is a bit dificult to trade...but
I am out of that trade and waiting for the next one

 

[marmoset]

Looks like a re-test of S1 is brewing...

 

[VSATrader]

Big Ben

Hi all;


Is this a Big Ben set up as I have read about it, but was not sure.

Thanks

 

[rav700]

Hi all;


Is this a Big Ben set up as I have read about it, but was not sure.

Thanks

A lot at this point is dependent on the s1 ie1.8358....at this point I can only see one way and that is down but for confirmation as I said 1.8350 and that should be it.
I hate to be in a position where I dont know what happening. hahah

 

[marmoset]

Close enough to be a Big Ben indeed. As you marked in the graph, that false break-out was stophunting. This one was less common in that the stophunting went up. The more common variety tests the lower end first, rebounds about 3/4 of the way, peters out and boom! all the way down.

It's a beauty to behold, isn't it?

 

[VSATrader]

You mean at point B on this second chart? I think it has a good chance of being tested.

Thanks m8

A lot at this point is dependent on the s1 ie1.8358....at this point I can only see one way and that is down but for confirmation as I said 1.8350 and that should be it.
I hate to be in a position where I dont know what happening. hahah

 

[rav700]

zzzzz I gues this is how it is gonna be till Bernanke speaks...
Any views on trading his speech

 

[rav700]

After looking at the current position cable is trying to make a come back:
I think for a 10 pip win:
This might be the ideal tradeI am placing an order in for a
Buy at 1.8400
sell at 1.8415
Let see what happens....