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:: Cable (GBPUSD) Trend Trading ::

  • #621
  • May 23, 2007 4:53am May 23, 2007 4:53am
I'm now looking to go back below 1.976 for further downside with 1.9715 then 1.9704. However, it's broken above a key declining trend line so my wish may not be granted. Offers into the 1.979s will attempt to curb further GBP strength.

http://www.tradingcentral.com/chart/...0523111233.GIF

Do not focus on making money; focus on protecting what you have.
  • #622
  • May 23, 2007 4:53am May 23, 2007 4:53am
Since BOE signals a rate hike in June it might be wise to stay on the long side

Breeze
  • #623
  • May 23, 2007 4:57am May 23, 2007 4:57am
Quoting Navigator
0943 GMT [Dow Jones] Cable has pivotal resistance at 1.9775, says Barclays Capital, and a break here should open risk toward 1.9875 and possibly 1.9950 says the bank. Now at 1.9770. (GST
What I was just looking at! I'm short from 1.9747 but I wouldn't add to it at this stage. Last 1.9783.
Quoting afirozia
Sold at 1.9780 hoping to go up a bit more to 1.9800 or 1.9810. Any thoughts on cable will further up or should we already prepare for short?
Do not focus on making money; focus on protecting what you have.
  • #624
  • May 23, 2007 4:58am May 23, 2007 4:58am
Quoting Breeze
Since BOE signals a rate hike in June it might be wise to stay on the long side. Breeze
Nice of you to drop in Breeze. I'm considering another Buy Limit at the moment a bit nearer to market.
Do not focus on making money; focus on protecting what you have.
  • #625
  • May 23, 2007 5:33am May 23, 2007 5:33am
Quoting Why Oh Why
I'm considering another Buy Limit at the moment a bit nearer to market.
Got left behind now. Last 1.9795.
Do not focus on making money; focus on protecting what you have.
  • #626
  • May 23, 2007 5:37am May 23, 2007 5:37am
Quoting Why Oh Why
Nice of you to drop in Breeze. I'm considering another Buy Limit at the moment a bit nearer to market.
Thanx....I was wondering where everyone was.....so this is where you all hang out...."NICE THREAD"......

I'm long cbl @ 9771 will add more on a break above 9810....i'll also keep an eye on how the DOW JONES and NASDAG opens....will push Cbl higher if opens on a positive note.

Breeze
  • #627
  • May 23, 2007 5:41am May 23, 2007 5:41am
Quoting Why Oh Why
Exited 4 long for 30 each - 120 pips. Last lot moved to break even. Last 1.9785.
Last lot SL moved to 1.9785. Just wish I'd held the other 4 now. TP removed for the moment. Minimum 150 pips on this trade now.
Do not focus on making money; focus on protecting what you have.
  • #628
  • May 23, 2007 5:43am May 23, 2007 5:43am
Quoting Why Oh Why
Open loss 5 short for 30 each. Last 1.9777.
Open loss now 70 on each of 5. Last 1.9817.
Do not focus on making money; focus on protecting what you have.
  • #629
  • May 23, 2007 5:45am May 23, 2007 5:45am
See you all later. Will it turn? I'm feeling really gloomy ATM. At least the weather's great!
Do not focus on making money; focus on protecting what you have.
  • #630
  • May 23, 2007 5:50am May 23, 2007 5:50am
Quoting Why Oh Why
Last lot SL moved to 1.9785. Just wish I'd held the other 4 now. TP removed for the moment. Minimum 150 pips on this trade now.

good job....congrtas......!!!

my 9810 Buy entry zone has been activated will add more longs on a break above 9850

Cbl 9771......stop loss 9800.....open tgt
Cbl 9810......open tgt

Cbl long 9850 waiting activation.

Breeze
  • #631
  • May 23, 2007 5:54am May 23, 2007 5:54am
Quoting Breeze
good job....congrtas......!!!

my 9810 Buy entry zone has been activated will add more longs on a break above 9850

Cbl 9771......stop loss 9800.....open tgt
Cbl 9810......open tgt

Cbl long 9850 waiting activation.

Breeze
You seems confident to go for 1.9850? I'm considering also right now ... ... should I do that ... hmmmm ...
  • #632
  • May 23, 2007 6:07am May 23, 2007 6:07am
Hi WOW

I note that you hold short and long positions at the same time, do they not cancel each other out? Which platform are you using?
Regards
  • #633
  • May 23, 2007 6:08am May 23, 2007 6:08am
Quoting Breeze
good job....congrtas......!!!
Thanks mate.

1.9795 SL 1.9895 TP 1.9695 Last 1.9812. The Why later. Gotta go.
Do not focus on making money; focus on protecting what you have.
  • #634
  • Edited 1:20am May 24, 2007 1:18am | Edited 1:20am
Are you having a lie-in WOW?
  • #635
  • May 24, 2007 2:44am May 24, 2007 2:44am
Quoting proctorforex
Are you having a lie-in WOW?
Certainly looks like it, perhaps it was another big night or straight to breakfast?

Fib 62% retracement of move down from 18 Apr comes in at .9960, yesterdays big run up ran out of steam at .9900 the 50% fib (which GBP loves). So .9960 should provide res and a sell opp if it gets there.

Supp areas .9850, high from 1 Dec, .9823 high from 3 Apr and a pivot level for today.

WOW what do your charts say?
  • #636
  • May 24, 2007 4:52am May 24, 2007 4:52am
Where is our friend WOW? Seems like the weather in Malta is too good
  • #637
  • May 25, 2007 1:29am May 25, 2007 1:29am
Quoting Vantage
Supp areas .9850, high from 1 Dec, .9823 high from 3 Apr and a pivot level for today.
1.9825 held and provides supp and buy area again today if it drifts down there. 1.9880/95 seems a sell area this am.

WOW where are you? Trust all is well!!
  • #638
  • May 25, 2007 1:54am May 25, 2007 1:54am
Quoting Breeze
good job....congrtas......!!!

my 9810 Buy entry zone has been activated will add more longs on a break above 9850

Cbl 9771......stop loss 9800.....open tgt
Cbl 9810......open tgt

Cbl long 9850 waiting activation.

Breeze
Hi all.....I've been looking for this thread its hard to find it.....finally

all GBP closed @ 9880 Prfts booked

I see a good setup on Geppy and Euppy....will post after 3pm

Breeze
  • #639
  • May 29, 2007 12:24am May 29, 2007 12:24am
WOW come back all is forgiven!!!!!!!
  • #640
  • May 29, 2007 12:51am May 29, 2007 12:51am
Hi WOW,

When you're able to check in we look forward to your views once again.

Just a quick opinion. I know the market went a bit $ positive on the new homes data, However some analysts point out that much of that was due to hurricane damage rebuilds. Also existing home sales were low and surely the future is best indicated by the applications for new home permits which were also low. Makes me feel a bit $ bearish. What do you think??

Hope all's well
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