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Cable Update (GBPUSD)

  • #29,421
  • Sep 7, 2007 5:11am Sep 7, 2007 5:11am
Quote
This i what i think.. 15min before NFP if the price going up mean sell. So if the price move downward then buy.

Market usually tries to lead people in the opposite direction prior to major news, but this is not a very solid indicator.

BTW, PINO2 should be a happy man now :-)
Hello World!
  • #29,422
  • Sep 7, 2007 5:30am Sep 7, 2007 5:30am
Quoting ashlee_17
I have a small short USD/CHF at 1.9730 from last week. Can you guys recommend what should i do - should i wait until NFP comes out to decide, or should I close this position now, or keep it open?

thanks
I think the reason why nobody answered so far to your question is coz of your typo <I guess>

Where did u find this price on USD/CHF dude

Plz be more specific and correct that and after I believe u'll get ur answer-s
Vivere pericolosamente...
  • #29,423
  • Sep 7, 2007 5:39am Sep 7, 2007 5:39am
Quoting Petter
I think the reason why nobody answered so far to your question is coz of your typo <I guess>

Where did u find this price on USD/CHF dude

Plz be more specific and correct that and after I believe u'll get ur answer-s
Original post corrected 1.19730
  • #29,424
  • Sep 7, 2007 5:50am Sep 7, 2007 5:50am
Quoting ashlee_17
hey pino2, do u still have those long trades open?
Yes now they are all in profit , and I'm thiking to close them all, and leave only one trade open that I opened lately (I have now 5 long trades), I'll leave the one in the 170's area, and close the rest now, I don't want any unexptected actions
  • #29,425
  • Sep 7, 2007 5:52am Sep 7, 2007 5:52am
Quoting ashlee_17
I have a small short USD/CHF at 1.9730 from last week. Can you guys recommend what should i do - should i wait until NFP comes out to decide, or should I close this position now, or keep it open?

thanks
hm...what is ur SL for that trade its already 270 in oposite direction + interests,...hmmmm....if i were in your place i would set SL aprox 50 pips above curent price...or some buy stop 25 pips above, but i would never place SL more then 70 pips in oposite direction for future trades if that would be me,....but i think it will turn back to 1980s, and if it does i would close it with a small loss if possible....well i think u got it right that u went short on dolar, but u were wrong cause u went long on chf...please dont judge me for that, even if it touches ur sl, and goes back right were u went short...but thats what i would do,...

always respect women, dude.
its just money
  • #29,426
  • Sep 7, 2007 5:56am Sep 7, 2007 5:56am
Quote
hm...what is ur SL for that trade its already 270 in oposite direction + interests,...hmmmm....if i were in your place i would set SL aprox 50 pips above curent price...or some buy stop 25 pips above, but i would never place SL more then 70 pips in oposite direction for future trades if that would be me,....but i think it will turn back to 1980s, and if it does i would close it with a small loss if possible....well i think u got it right that u went short on dolar, but u were wrong cause u went long on chf...please dont judge me for that, even if it touches ur sl, and goes back right were u went short...but thats what i would do,...

always respect women, dude.

Quote
Ashley's short from 1.19730

Quote
270 in oposite direction + interests

right now at 1.2010

Its not that far, is it ?

plz correct me if I'm wrong
Hello World!
  • #29,427
  • Sep 7, 2007 5:58am Sep 7, 2007 5:58am
Quote
I have a small short USD/CHF at 1.19730 from last week. Can you guys recommend what should i do - should i wait until NFP comes out to decide, or should I close this position now, or keep it open?

whatever, thats only 30 - 40 point loss, if I were in your shoes, I'd take it and get rid
Hello World!
  • #29,428
  • Sep 7, 2007 6:01am Sep 7, 2007 6:01am
cable didn't do any unexpected actions today, usually in NFP days, it goes to the bottom (support area) and goes to the top (resistance are), and then keep consolidating till the release of the report, it is within the range of 2.0150-2.0260
My expection is that the NFP number will be good for dollar, cable will drop a little and then it will rise up and break 2.0270 area, IMO
  • #29,429
  • Sep 7, 2007 6:03am Sep 7, 2007 6:03am
I agree with de123.

Put a stop loss 50 pips above ur entry <1.2025+-> and wait.

I also believe that it'll revisit 1.1980 and maybe lower to give u chance to leave at least B.E., but for the other way,better to lose little than leave it all the way up

Cheers and good luck
Vivere pericolosamente...
  • #29,430
  • Sep 7, 2007 6:03am Sep 7, 2007 6:03am
Quoting pino2
cable didn't do any unexpected actions today, usually in NFP days, it goes to the bottom (support area) and goes to the top (resistance are), and then keep consolidating till the release of the report, it is within the range of 2.0150-2.0260
My expection is that the NFP number will be good for dollar, cable will drop a little and then it will rise up and break 2.0270 area, IMO
Could we skip from this the "drop a little bit" ???
.
  • #29,431
  • Sep 7, 2007 6:06am Sep 7, 2007 6:06am
I didn't close all my longs yet, I closed only 3 trades, and placed SL @ BE on the rest
  • #29,432
  • Sep 7, 2007 6:28am Sep 7, 2007 6:28am
there's no need to guess so ima take my pips and head to the beach, don't see the big dogs around today, blown account's across the board.
If I Go Broke Trying Then I Will die happy.
  • #29,433
  • Sep 7, 2007 6:35am Sep 7, 2007 6:35am
I closed the 4th trade before reaching SL @ BE
Now I only have 1 trade @ 2.017's area with SL @ BE
  • #29,434
  • Sep 7, 2007 6:38am Sep 7, 2007 6:38am
Quoting pino2
I closed the 4th trade before reaching SL @ BE
Now I only have 1 trade @ 2.017's area with SL @ BE
gr8, how much money did u make in total?
  • #29,435
  • Sep 7, 2007 6:43am Sep 7, 2007 6:43am
Quoting ashlee_17
gr8, how much money did u make in total?
around 50 pips
and I still have 1 long trade running
  • #29,436
  • Sep 7, 2007 6:45am Sep 7, 2007 6:45am
Quoting ashlee_17
gr8, how much money did u make in total?
Pino is our millionaire
Trade what you see, not what you think.
  • #29,437
  • Sep 7, 2007 6:56am Sep 7, 2007 6:56am
Quoting bullrock
Could we skip from this the "drop a little bit" ???
Bullrock...Just replied your PM
Hello World
  • #29,438
  • Sep 7, 2007 6:58am Sep 7, 2007 6:58am
Quoting pino2
around 50 pips
and I still have 1 long trade running
i'm long full throttle... I expect the GU shoot like idiot up? no down? no up? Hell knows. But I am long full throttle.
.
  • #29,439
  • Sep 7, 2007 7:05am Sep 7, 2007 7:05am
I still believe the shorts will be rewarded....still short...still confident !!!!!!

God bless us all !!!!!!!!!!!!!!!!!!!!
For he that would be deceived, let him.
  • #29,440
  • Sep 7, 2007 7:09am Sep 7, 2007 7:09am
Seat belts on.. rollercoaster is about to get moving.. hang on everyone
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