Cable Update (GBPUSD) | Page 2350 | 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)

  • #46,981
  • Dec 26, 2007 2:57pm Dec 26, 2007 2:57pm
I assume its a good time to BUY GBP/USD..
  • #46,982
  • Dec 26, 2007 3:01pm Dec 26, 2007 3:01pm
Quoting farzan
i was short in last week 9768 and im still keepin it
but its going up
what should i do ?
if your loss is less than 3% of your account, then keep your short. Otherwise, you risk very much...it will probably go down in the next 2 days, but remember that anything can happen. Trade your own plan....
"Of all the things I've lost, I miss my mind the most"
  • #46,983
  • Dec 26, 2007 4:35pm Dec 26, 2007 4:35pm
News tomorrow could move the pair, looks like anything could happen, but I am wagering on more bad USD news. EDIT: The problem though for weeks now, is EURO and EURGBP strength is ruining any GBPUSD upside. So for a real sustantial move we need to see a detachment from the EURO. Bad USD news might benefit EURO more since it seems to be the gold standard in currency.
  • #46,984
  • Edited 5:07pm Dec 26, 2007 4:43pm | Edited 5:07pm
Quoting Designer1
you are short but in my chart there is still some room of reach that trendline

which is 9863 - see attached
IF you are right, Showtime in about 6-7 hr ~5-6:00 GMT (from H1 chart)

This will be interesting...

BTW what stop are you using for 19863 entry?
Attached Image (click to enlarge)
Click to Enlarge Name: 071227 GBP-USD H4.gif Size: 62 KB
Darkness lies one inch ahead..
  • #46,985
  • Dec 26, 2007 5:14pm Dec 26, 2007 5:14pm
up cable up
  • #46,986
  • Dec 26, 2007 8:16pm Dec 26, 2007 8:16pm
Quoting farzan
i was short in last week 9768 and im still keepin it
but its going up
what should i do ?
You must have an account that you can hedge. All pro traders have the ability to hedge when the price moves against their position. As stated many times, the most important thing in trading is your exit period, win lose or draw you must have a plan to exit.
  • #46,987
  • Dec 26, 2007 8:23pm Dec 26, 2007 8:23pm
Sold half...1.9847 OT: longed some EURUSD
  • #46,988
  • Dec 26, 2007 8:24pm Dec 26, 2007 8:24pm
Quoting XLInvestor
You must have an account that you can hedge. All pro traders have the ability to hedge when the price moves against their position. As stated many times, the most important thing in trading is your exit period, win lose or draw you must have a plan to exit.
What kind of hedge you mean?
  • #46,989
  • Dec 26, 2007 8:38pm Dec 26, 2007 8:38pm
You should have an account that you can enter a position in the same currency as your current position instead of a stop. Then you have a better chance to work out of the negative position instead of taking a loss.
  • #46,990
  • Dec 26, 2007 8:54pm Dec 26, 2007 8:54pm
Some people see that as an opportunity to just get stopped out on both sides of a trade. Hedging with options is a viable idea for longer term positions. With the strategy you suggest, it's a good idea if you are in the money on a trade and want to locking profit on some potential volatility that you don't want to be a part of, but the advantage of options is they can do the same thing for a "fee" versus tying up real capital. I don't do either yet. Not much at risk...yet
  • #46,991
  • Dec 26, 2007 9:18pm Dec 26, 2007 9:18pm
ok my indi confirmed buy for cable my target firs only 870 and its done

if this continous rebound, my target 2.0190


happy trading all
  • #46,992
  • Dec 26, 2007 9:34pm Dec 26, 2007 9:34pm
Anyone here using FXCM station. Does it still close????
When does it open again ?

How's ur holidays guys?
  • #46,993
  • Dec 26, 2007 10:27pm Dec 26, 2007 10:27pm
So, nearly everybody in here was short before, looks like Cable up up and away!
  • #46,994
  • Dec 26, 2007 10:53pm Dec 26, 2007 10:53pm
Quoting thucai
Anyone here using FXCM station. Does it still close????
When does it open again ?

How's ur holidays guys?
FXCM will resume trading at 2:00am est.
  • #46,995
  • Dec 26, 2007 11:12pm Dec 26, 2007 11:12pm
1.9886 target if its break with full candle next target 9926

if its not break then DOWN ON!

In my openion still chance to go with 9650 but today or tommorow
not sure

I will tell you when the candle will complete and direction
  • #46,996
  • Dec 26, 2007 11:29pm Dec 26, 2007 11:29pm
Quoting Designer1
1.9886 target if its break with full candle next target 9926

if its not break then DOWN ON!

In my openion still chance to go with 9650 but today or tommorow
not sure

I will tell you when the candle will complete and direction
Looks like 9880 is resistance. Looking at short now with tight s/l. Your opinion?
  • #46,997
  • Dec 26, 2007 11:29pm Dec 26, 2007 11:29pm
I'm not trading until 2nd Jan 2008
Market is too slow..
"Invest With The Insiders, Not The Masses" George Muzea
  • #46,998
  • Dec 26, 2007 11:30pm Dec 26, 2007 11:30pm
Quoting Designer1
1.9886 target if its break with full candle next target 9926

if its not break then DOWN ON!

In my openion still chance to go with 9650 but today or tommorow
not sure

I will tell you when the candle will complete and direction
u r quite a skillfull trader mr guitar,i've been reading this thread since last week,n mostly i'm impressed with ur way of analyzing charts n trend...keep it up man!!!
money is for living
  • #46,999
  • Dec 26, 2007 11:38pm Dec 26, 2007 11:38pm
Quoting Qu|cksilver
I'm not trading until 2nd Jan 2008
Market is too slow..
Welcome back QS!
  • #47,000
  • Dec 26, 2007 11:39pm Dec 26, 2007 11:39pm
Quoting Qu|cksilver
I'm not trading until 2nd Jan 2008
Market is too slow..
so u like d fast n furious eh?? :
495 traders viewing now, 1 is registered:
afaqa