Cable Update (GBPUSD) | Page 844 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #16,861
  • Jul 3, 2007 3:13am Jul 3, 2007 3:13am
Quoting x3m
If London starts buying from 2.0160 where it found the short-term support right now, it will be hard to predict how high it might go before the BoE statement. The closest magnet is 2.0225.

I am long from 2.0097 with stop at 2.0147 and I have no intend to short as of right now.
2.0147 SL was hit. I am wondering what's next.
  • #16,862
  • Jul 3, 2007 3:18am Jul 3, 2007 3:18am
LOng at pullback 2.0148,....
  • #16,863
  • Jul 3, 2007 3:18am Jul 3, 2007 3:18am
My order triggered but I was too worried and get out now

(S)2.0190 --> (Closed)2.0156

Any idea for fundamentals due out today?
Hello World
  • #16,864
  • Jul 3, 2007 3:19am Jul 3, 2007 3:19am
Quoting hijackxx@hotmai
Thnx for ur advise. And did u mean to wait for the BOE news, too? As some traders are also waiting for BOE of thursday??
I mean wait for ur chart/system confirm bearish.. Rite now im watching closely if cable want to test .130 or not.
  • #16,865
  • Jul 3, 2007 3:22am Jul 3, 2007 3:22am
get what the market can give you, try not to overtrade before b.o.e. or you might find yourself in a jam, times like this makes trader's itchy to make a trade when there's nothing there, so let the market come to you.
If I Go Broke Trying Then I Will die happy.
  • #16,866
  • Jul 3, 2007 4:18am Jul 3, 2007 4:18am
Long - 18/06 @ 1.9770
http://www.forexfactory.com/showpost...18&postcount=8

Short - 27/06 @ 1.9930
http://www.forexfactory.com/showpost...4&postcount=10
When I thought trend is changing, but it was just a spike, although a 60 pips one and picked up my Short.

Total Profit locked + 195 less interest
All I can do know is wait...

& no I have no clue to where the market will go, no one really knows although they can make educated guesses.
  • #16,867
  • Jul 3, 2007 5:56am Jul 3, 2007 5:56am
Correction day????

Took a short 0136, SL 0175.

Dumb trade, but dollar is trying to recoup a notch right now....
  • #16,868
  • Jul 3, 2007 5:57am Jul 3, 2007 5:57am
cesar,

I think that was the extent of the retrace.
Patience + Humility + Study = Success
  • #16,869
  • Jul 3, 2007 6:01am Jul 3, 2007 6:01am
Quoting cesarnc
Correction day????

Took a short 0136, SL 0175.

Dumb trade, but dollar is trying to recoup a notch right now....
Yup, just a teeny-weeny icky-ticky little notch

For all the sarcasm I'm staying out on this pair, shadowing you on the EU side as I told you yesterday. Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #16,870
  • Jul 3, 2007 6:07am Jul 3, 2007 6:07am
Retesting the infamous 2.0130 from above. Be sure that there will be a battle there. If that level holds and price resumes its up-motion making new highs, this uptrend is intact and healthy. If that level doesnt hold, Im closing out and I will re-asses the situation.
Attached Image
  • #16,871
  • Jul 3, 2007 6:08am Jul 3, 2007 6:08am
Quoting Plutonite
Yup, just a teeny-weeny icky-ticky little notch

For all the sarcasm I'm staying out on this pair, shadowing you on the EU side as I told you yesterday. Good luck.
Bailed out for -20... You know when "stupid moron" stays banging in your brain?

Whatever.... I'm out of this pair. Not gonna short it with previous yearly high just below current price. Gotta nurse some Yen trades, too
  • #16,872
  • Jul 3, 2007 6:12am Jul 3, 2007 6:12am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
My opinion is that max. retracement for today will be nothing more than 2.0120. now it is heading to touch sloping resistance line to make third contact point.I will trade a brakeout of that line later...
How far can it go....2.0210?

-----------------
Plan your trade and trade your plan........
  • #16,873
  • Jul 3, 2007 6:15am Jul 3, 2007 6:15am
Quoting dado26
My opinion is that max. retracement for today will be nothing more than 2.0120. now it is heading to touch sloping resistance line to make third contact point.I will trade a brakeout of that line later...
How far can it go....2.0210?
UK Interest Rates coming out in couple of days, expect range bound price action and tight daily ranges prior to that. Are you sure you want to get involved at this precise junction?
  • #16,874
  • Jul 3, 2007 6:19am Jul 3, 2007 6:19am
Quoting dado26
My opinion is that max. retracement for today will be nothing more than 2.0120. now it is heading to touch sloping resistance line to make third contact point.I will trade a brakeout of that line later...
How far can it go....2.0210?

-----------------
Plan your trade and trade your plan........
Exactly, that's why I bailed out of the short trade.... Poor r:r against a major push up.....

I'm looking for break of Frankfurt open to consider going long again. It was when this correction began, and London failed to push through in the following 2 hours.

On the downside, clutch of supports and we've seen 64 pips range already...
  • #16,875
  • Jul 3, 2007 6:20am Jul 3, 2007 6:20am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
I agree with you WTB! Looks like it will range from 130 to 200. I expect brakeout in range of 145-160 and ride that brakeout to 200. I am only after 20-25 pips anyway....
Do you think cable wont go to 200 before b.o.e.?
  • #16,876
  • Jul 3, 2007 6:24am Jul 3, 2007 6:24am
4hr close above 0150 is worth shooting a small long, though
  • #16,877
  • Jul 3, 2007 6:27am Jul 3, 2007 6:27am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
Quote
4hr close above 0150 is worth shooting a small long, though


Totally agree.....
  • #16,878
  • Jul 3, 2007 6:29am Jul 3, 2007 6:29am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
yesterday there was perfect example of what Iam searching for today.....
  • #16,879
  • Jul 3, 2007 6:34am Jul 3, 2007 6:34am
The break of 2.0113 will push it down for an intraday trade as I mentioned yesterday, not 2.0140, so the break of 2.0140 is not a sign to open a short trade
  • #16,880
  • Jul 3, 2007 6:45am Jul 3, 2007 6:45am
Quoting cesarnc
Whatever.... I'm out of this pair.
Quoting cesarnc
I'm looking for break of Frankfurt open to consider going long again.
Quoting cesarnc
4hr close above 0150 is worth shooting a small long
One of this quotes dont fit with the others. Find right one!

A B or C ??:

Im seeing money in your eyes. Be careful.

By the way cesarnc, can you tell me a little bit about your money managment.

Ill understand if you dont want to unveil, but im just asking for simple math awnser.

Example, you invest 1 lot of 1$ per pip, for every $$$$ you have.

Or in other words. 10K lot / Total ammount = xx%

How much is that xx%.
420 traders viewing now, 6 are registered:
,
sanity
,
Bnhassn
,
Waveskierrob
,
Annonymusss
,
Molaro