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Cable Update (GBPUSD)

  • #71,501
  • Edited 4:50am Jun 19, 2008 4:42am | Edited 4:50am
Quoting SimonK
Well, I'm long £ from 19698, looking for target 19750 on news that UK will have to raise interest rates in august.
That's a pretty risky trade with price already near 2 TLs, be sure to keep your SLs tight. You can see many sellers already at 1.9700. I'm shorting on divergence between 1.9700 ~ 1.9750...
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Trade the reaction, not the news!
  • #71,502
  • Edited 5:08am Jun 19, 2008 4:56am | Edited 5:08am
the daily frame trend didn't break today so far:
as for me it is the time to sell, with stop above 1.9735
but remember, if you follow this, do it at your own risk, this is a critical area, and this is a critical call.
best place to enter is 1.9718
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  • #71,503
  • Jun 19, 2008 4:59am Jun 19, 2008 4:59am
Quoting fx local
looks possible now....

fuck cable GBP/CHF is the one!
so you trade gbp/chf?
you should see my thread I blew it up now the gap gonna be filled.CHECK MY GBP/CHF THREAD.
  • #71,504
  • Jun 19, 2008 5:02am Jun 19, 2008 5:02am
1.9500 ?


or much lower?
I AM NOT AGAINST ANY RETARD. I AM JUST AGAINST ANY WRONG/LOSING TRADES.
  • #71,505
  • Jun 19, 2008 5:02am Jun 19, 2008 5:02am
Quoting B@by trader
so you trade gbp/chf?
you should see my thread I blew it up now the gap gonna be filled.CHECK MY GBP/CHF THREAD.
idid after retail sales been one way traffic
Trading is 80% Emotional, 20% Technical
  • #71,506
  • Jun 19, 2008 5:05am Jun 19, 2008 5:05am
Quoting WarrenBuffet
1.9500 ?


or much lower?
it might go down to 1.9420

that will be my target

but this is a high risk trade.

and don't take it now,
only if it is up again at the level of 1.9718
  • #71,507
  • Jun 19, 2008 5:08am Jun 19, 2008 5:08am
Hi Folks ,
are you guys short on GBP/USD already before news?
BANDA333
  • #71,508
  • Jun 19, 2008 5:08am Jun 19, 2008 5:08am
Quoting fx local
looks possible now....

fuck cable GBP/CHF is the one!

fuck GBP/CHF my broker have 12 pips spread here
  • #71,509
  • Jun 19, 2008 5:10am Jun 19, 2008 5:10am
Quoting BANDA
Hi Folks ,
are you guys short on GBP/USD already before news?
short at 1.9718 level which might be hit when the news is out.
i have put an entry limit on that level only, to minimize the risk and to tighten the stop loss.
  • #71,510
  • Jun 19, 2008 5:15am Jun 19, 2008 5:15am
Quoting manize
Pending order for short at 1.9740.
I was waiting for it to head up, but it didn't quite make it, and I believe it has started its descent...
Do you think the karate kid knows kung-fu?
  • #71,511
  • Jun 19, 2008 5:15am Jun 19, 2008 5:15am
Hi tarektm
Ty for the input friend ..........Ty
BANDA333
  • #71,512
  • Jun 19, 2008 5:21am Jun 19, 2008 5:21am
Quoting twofeet
That's a pretty risky trade with price already near 2 TLs, be sure to keep your SLs tight. You can see many sellers already at 1.9700. I'm shorting on divergence between 1.9700 ~ 1.9750...
thanks for the info. I'll bear it in mind.
If it's too good to be true, it probably is.
  • #71,513
  • Jun 19, 2008 5:21am Jun 19, 2008 5:21am
Please has anybody here done business with this broker Poltek forex. If so, can you tell me about their performance as regards withdrawal and attention to problems.
  • #71,514
  • Jun 19, 2008 5:23am Jun 19, 2008 5:23am
ok here's one of my trades.

went long at 1.9605, s/l 1.9512, t/p 1.9761 and 1.9828
If I Go Broke Trying Then I Will die happy.
  • #71,515
  • Jun 19, 2008 5:25am Jun 19, 2008 5:25am
Quoting SimonK
thanks for the info. I'll bear it in mind.
all the best with it tho, hope you make the pips.
Trade the reaction, not the news!
  • #71,516
  • Jun 19, 2008 5:28am Jun 19, 2008 5:28am
Quoting Moe
ok here's one of my trades.

went long at 1.9605, s/l 1.9512, t/p 1.9761 and 1.9828
Hi MOE glad to see you.
I already close my long(since yesterday)with pips.
MOE do you trde gbp/chf?if not I read your profile and you are gap trader??
see gbp/chf gap!!!It gonna be fill tonight
  • #71,517
  • Jun 19, 2008 5:29am Jun 19, 2008 5:29am
Quoting B@by trader
Hi MOE glad to see you.
I already close my long(since yesterday)with pips.
MOE do you trde gbp/chf?if not I read your profile and you are gap trader??
see gbp/chf gap!!!It gonna be fill tonight
i will take a look. thanks
If I Go Broke Trying Then I Will die happy.
  • #71,518
  • Jun 19, 2008 5:32am Jun 19, 2008 5:32am
Quoting ddblue
I was waiting for it to head up, but it didn't quite make it, and I believe it has started its descent...
No hit ... no trade ....
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #71,519
  • Jun 19, 2008 5:38am Jun 19, 2008 5:38am
ahh cable wasting time at 19700 not being helped by euro,

come on....
Trading is 80% Emotional, 20% Technical
  • #71,520
  • Jun 19, 2008 5:42am Jun 19, 2008 5:42am
Quoting Moe
i will take a look. thanks
here on my thread http://www.forexfactory.com/showthre...76#post2064276
the gap
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