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Cable Update (GBPUSD)

  • #1,541
  • Dec 13, 2006 1:51am Dec 13, 2006 1:51am
I have a long entry at 9688 and waiting to see it climb up. If it breaks through the 9715 then we may have a nice move up. This area has been tested during the last 7 days and it doesn't seem to break. But once it break who knows where it will go
  • #1,542
  • Dec 13, 2006 1:51am Dec 13, 2006 1:51am
Quoting monarch
There are always a lot of people viewing this thread.

We need some feedback with your ideas.

Help us a little here peeps.

Thanks

Monarch

Okay, I'll bite. I'm surprised it hasn't pulled back any farther than it has up till now. My guess is that there's a pretty strong move coming.

It wouldn't surprise me if London opens straight out with a push up.
Is your SL my TP?
  • #1,543
  • Dec 13, 2006 1:53am Dec 13, 2006 1:53am
Here we go to the boys in London.

Expecting a rise here to 1.9720 area soon.


Monarch
  • #1,544
  • Dec 13, 2006 1:54am Dec 13, 2006 1:54am
Quoting kenmania
Okay, I'll bite. I'm surprised it hasn't pulled back any farther than it has up till now. My guess is that there's a pretty strong move coming.

It wouldn't surprise me if London opens straight out with a push up.
I think you may be right... Only 5m till London open and it's back above 9700. We'll know very soon.
  • #1,545
  • Dec 13, 2006 1:55am Dec 13, 2006 1:55am
Quoting kenmania
Okay, I'll bite. I'm surprised it hasn't pulled back any farther than it has up till now. My guess is that there's a pretty strong move coming.

It wouldn't surprise me if London opens straight out with a push up.
We have been playing and toying with this area for 12 hours now. I would agree with you on the pull back. Maybe it is about to thrust up real good here. It will soon show us.

Monarch
  • #1,546
  • Dec 13, 2006 1:56am Dec 13, 2006 1:56am
Quoting monarch
Here we go to the boys in London.

Expecting a rise here to 1.9720 area soon.


Monarch
Is the London open at 7.30 GMT OR 6.30 GMT please
mama
  • #1,547
  • Dec 13, 2006 1:56am Dec 13, 2006 1:56am

I am long at avg. 1.9697 and have some reserve to add at dips.
  • #1,548
  • Dec 13, 2006 1:58am Dec 13, 2006 1:58am
Quoting synopses
I have a long entry at 9688 and waiting to see it climb up. If it breaks through the 9715 then we may have a nice move up. This area has been tested during the last 7 days and it doesn't seem to break. But once it break who knows where it will go
Good timing on entry, keep close to it, we will see a surge again I expect. There may be a drop off after it. You could keep some good pips at the top of the surge. Once it drops, re-enter again if you have an indication.

Monarch
  • #1,549
  • Dec 13, 2006 1:59am Dec 13, 2006 1:59am
just opened now.
  • #1,550
  • Dec 13, 2006 2:00am Dec 13, 2006 2:00am
Quoting monarch
There are always a lot of people viewing this thread.

We need some feedback with your ideas.

Help us a little here peeps.

Thanks

Monarch
I usualy just like to read....

I'm not sure my ideas/feedback will be of much use. I am long with stop at 1.9695
Thanks, Damian Burrowes
  • #1,551
  • Dec 13, 2006 2:03am Dec 13, 2006 2:03am
Quoting 5leepless
I usualy just like to read....

I'm not sure my ideas/feedback will be of much use. I am long with stop at 1.9695
1 pip from closing that boy out. Check your stop.
  • #1,552
  • Dec 13, 2006 2:03am Dec 13, 2006 2:03am
Quoting Mama007
Is the London open at 7.30 GMT OR 6.30 GMT please
London opens at 8.00 GMT
  • #1,553
  • Dec 13, 2006 2:04am Dec 13, 2006 2:04am
Quoting 5leepless
I usualy just like to read....

I'm not sure my ideas/feedback will be of much use. I am long with stop at 1.9695
That stop was very tight given that the market is still ranging within that area. Hopefully you moved it down a bit before that figure was hit. Good luck.
  • #1,554
  • Dec 13, 2006 2:05am Dec 13, 2006 2:05am
I sold my 9688 entry at 9709 and renetered at 9698. Tested 9710s almost 6th times during the last 24 hours and 10th times during the last 7 days. Very strong resistance there. Hope it breaks though.
  • #1,555
  • Dec 13, 2006 2:08am Dec 13, 2006 2:08am
Quoting mmccormac
That stop was very tight given that the market is still ranging within that area. Hopefully you moved it down a bit before that figure was hit. Good luck.
I have a habit of having stops to tight. Got stopped out....
Thanks, Damian Burrowes
  • #1,556
  • Dec 13, 2006 2:09am Dec 13, 2006 2:09am
Quoting synopses
I sold my 9688 entry at 9709 and renetered at 9698. Tested 9710s almost 6th times during the last 24 hours and 10th times during the last 7 days. Very strong resistance there. Hope it breaks though.
Actually it will be in your favor that it held there so long.

With little draw back, the Bulls are holding ground, and did not even give an inch back from its momentum today.

Even though we are seeing a little draw back now, don't think it is going to fall deep. It is only going down some, but will go up to a new range soon.

Monarch
  • #1,557
  • Dec 13, 2006 2:11am Dec 13, 2006 2:11am
Quoting 5leepless
I have a habit of having stops to tight. Got stopped out....
Find either the range (9682-9715) and give it room beyond that or use some major levels... Pivot's, EMA's, Murrey levels ect.

Brokers love people that use close stops... Easy prey.

It's only a mistake if you don't learn from it. Good luck tonight.
  • #1,558
  • Dec 13, 2006 2:11am Dec 13, 2006 2:11am
Quoting 5leepless
I have a habit of having stops to tight. Got stopped out....
Just wait for a bit, and be ready to hit it again. Give your position a little more space, especially considering you were only 25 pips max, more like 15 pips from where you bought it. Give 30 minimum on stop.

Monarch
  • #1,559
  • Dec 13, 2006 2:13am Dec 13, 2006 2:13am
Just a thought but, how confident are we all about todays direction? I'm still getting mixed signals!
  • #1,560
  • Dec 13, 2006 2:14am Dec 13, 2006 2:14am
Quoting mmccormac
Find either the range (9682-9715) and give it room beyond that or use some major levels... Pivot's, EMA's, Murrey levels ect.

Brokers love people that use close stops... Easy prey.

It's only a mistake if you don't learn from it. Good luck tonight.
Thanks for the advise. I've still got a lot to learn.
Thanks, Damian Burrowes
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