Best Thread Live Cable Trading

[zuke]

Afternoon all. Im looking for a BIG reversal (200+ pips) by Monday close. 600 is way to strong to crack at this point. However, I trade what I SEE and not what THINK, so Ill just hop on whichever trend comes along (hey, Im not fussy!)

 

[Priceman]

Afternoon all. Im looking for a BIG reversal (200+ pips) by Monday close. 600 is way to strong to crack at this point. However, I trade what I SEE and not what THINK, so Ill just hop on whichever trend comes along (hey, Im not fussy!)

I'm waiting for the reversal but think it's looking for 8602 area which is a fib level... The yanks could push it over there then drop it like a stone

 

[Baruch]

Nice morning for Big B.

Nice move in GBP/CAD after the Loonie news.

 

[dc2000]

yes still short, wasn't 586 a little toooo obvious, looking for 331 area

 

[wasp]

yes still short, wasn't 586 a little toooo obvious, looking for 331 area

You got big pockets DC :cheesy:

 

[dc2000]

smaller risk deeper pockets more relaxed these days

if ya fluck up do it with style as a mate used to say

 

[wasp]

smaller risk deeper pockets more relaxed these days

if ya fluck up do it with style as a mate used to say

Always good to do it with class!

 

[zuke]

Hope you guys got in on that short! Im in from 592.

 

[wasp]

Hope you guys got in on that short! Im in from 592.

I don't think its finished yet, reckon we'll cross 600 before turning.

 

[martin brown]

I don't think its finished yet, reckon we'll cross 600 before turning.

it could dip intraday to 550 support (a clear break below that and things could turn bearish).

but i have to agree, daily candles look very bullish,and lots of momo behind this move.

650 is a decent target for bulls.

 

[coolTrader]

This is one day where cable has refused to reverse.. Looks like someone is looking at 1.92...

 

[coolTrader]

gm all. Looks like the reversal caught me napping

 

[dc2000]

reversal? where ??

It will give you another chance when you are a wake!

 

[wasp]

glad I shorted friday night instead... worked out nice!

 

[dc2000]

a small turn at 476? maybe

 

[wasp]

a small turn at 476? maybe

It looks to be a strong support so we could bounce a bit

 

[dc2000]

just as an aside small short on the FTSE just gone in

 

[wasp]

channels and trendlines

Well the whole theory of targets and reversal points is shaping up ok with all my trendlines etc but its wittling it down to the last 20 pips is the problem... Neither of my targets actually got reached but they both went very close... Now its trying to decide, just because it didn't hit exactly 615, was that still the end (obviously yes now!)... Can't use too tighter stops yet...

 

[dc2000]

just because it didn't hit exactly 615, was that still the end (obviously yes now!)

You dont think it will get there then? It aint over till the fat lady sings

 

[zuke]

a small turn at 476? maybe

Its madness to swim against this strong tide imo. Im expecting this baby to go to 285 this week.