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Cable Update (GBPUSD)

  • #78,201
  • Jul 28, 2008 10:17am Jul 28, 2008 10:17am
Quoting bkg102665
Anybody looking to short around 1.9940
That looks pretty good. You could even set a tight SL around 1.996x If we don't break this area of 1.9940, we will be having some pull back possible to the 1.985x area or even 1.978x area. I personally will be waiting another 45 minutes before I make a decision as to short or not. I've been short and long on this trick today and I'm not afraid to go short again if the set up is there.

Good luck trading everyone. Sorry I wasn't on last night, taking care of family responsibilities.
Just digging in the trenches like everyone else!
  • #78,202
  • Jul 28, 2008 10:22am Jul 28, 2008 10:22am
i'm in at 9938...looking for 9900
  • #78,203
  • Jul 28, 2008 10:24am Jul 28, 2008 10:24am
Quoting eohater
That looks pretty good. You could even set a tight SL around 1.996x If we don't break this area of 1.9940, we will be having some pull back possible to the 1.985x area or even 1.978x area. I personally will be waiting another 45 minutes before I make a decision as to short or not. I've been short and long on this trick today and I'm not afraid to go short again if the set up is there.

Good luck trading everyone. Sorry I wasn't on last night, taking care of family responsibilities.
This is why I wait!
Just digging in the trenches like everyone else!
  • #78,204
  • Jul 28, 2008 10:25am Jul 28, 2008 10:25am
Quoting Pennypacker
i'm in at 9938...looking for 9900
Short @ 9941
Please ask questions and share your experiences with us all!
  • #78,205
  • Jul 28, 2008 10:27am Jul 28, 2008 10:27am
Quoting Pennypacker
i'm in at 9938...looking for 9900
just whent short at 9941
Keep It Simple Stupid
  • #78,206
  • Jul 28, 2008 10:32am Jul 28, 2008 10:32am
Quoting uncletrumpet
It has been so common nowadays that this forum is turning to muliti-lingual. Please let us keep this room neat and organise. Be a good ambassador of your language and nation.
Let us use ENGLISH PLEASE

Thank you.
Preferably Yorkshire English, or whistle atter get us dictionaries out tha naws
  • #78,207
  • Jul 28, 2008 10:32am Jul 28, 2008 10:32am
Quoting Alastair
just whent short at 9941
Large GBP 2.0 option expiry tomorrow.
Not sure if market will manipulate to keep it lower then that level or let it go higher to touch 2.0.
Anyone have idea on this?
{Promotion Removed}
  • #78,208
  • Jul 28, 2008 10:32am Jul 28, 2008 10:32am
Is this move with cable corelated with equities and oil prices?
  • #78,209
  • Jul 28, 2008 10:33am Jul 28, 2008 10:33am
It's gonna break through the resistance at 940 in my opinion and if it does we'll be seeing a close over 2, then I'll feel comfortable shorting
  • #78,210
  • Jul 28, 2008 10:35am Jul 28, 2008 10:35am
Anyone who would have followed my posts would have made ~100pips by now from the buy of the ascending dayly channels LTL. Im not taking short, ill better long from the bottom or on the break of the descending 4hr channel and resistance @ ~.9948. This moove aint over yet ;-)

My 2 cents...
  • #78,211
  • Jul 28, 2008 10:35am Jul 28, 2008 10:35am
Mission accopmplished TP hit when i was sleeping after 50 pips+
Now went short at 44 sl above utl of the wedge.

Cheers
  • #78,212
  • Jul 28, 2008 10:36am Jul 28, 2008 10:36am
Quoting bkg102665
Short @ 9941
better use sl above .9955

im waiting on the 1H chart for a confirmation or a possible turn in prices before i go shorting this pair today.
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #78,213
  • Jul 28, 2008 10:43am Jul 28, 2008 10:43am
come on drop baby drop
  • #78,214
  • Jul 28, 2008 10:43am Jul 28, 2008 10:43am
Quoting atif
Large GBP 2.0 option expiry tomorrow.
Not sure if market will manipulate to keep it lower then that level or let it go higher to touch 2.0.
Anyone have idea on this?
how do u know theres a option to keep at 2 till tomorrow?
  • #78,215
  • Jul 28, 2008 10:49am Jul 28, 2008 10:49am
Hi i am Rayan from Malaysia,
recently i have loss my USD in trade.
need your help to advice me to stop from loss during trade.
[email protected]
  • #78,216
  • Jul 28, 2008 10:51am Jul 28, 2008 10:51am
Quoting thandavarayan
Hi i am Rayan from Malaysia,
recently i have loss my USD in trade.
need your help to advice me to stop from loss during trade.
[email protected]
practice with a demo account and dont play real money until you have a plan
When life gives you lemons, make lemonade
  • #78,217
  • Jul 28, 2008 10:51am Jul 28, 2008 10:51am
Hi i am Rayan from Malaysia,
recently i have loss my USD in trade.
need your help to advice me to stop from loss during trade.
[email protected]
  • #78,218
  • Jul 28, 2008 10:53am Jul 28, 2008 10:53am
Quoting micho
practice with a demo account and dont play real money until you have a plan
Excellent advice. Also read babypips.com, James 16 chart thread and DIBS. I am here because of all these.
  • #78,219
  • Jul 28, 2008 10:54am Jul 28, 2008 10:54am
Quoting thandavarayan
Hi i am Rayan from Malaysia,
recently i have loss my USD in trade.
need your help to advice me to stop from loss during trade.
[email protected]

Posting twice isn't going to help you get advice to prevent loosing. Nobody can help you win other than find something that works for you.

DEMO DEMO DEMO and after 12 months if your in the positive than play with real money.
  • #78,220
  • Jul 28, 2008 10:54am Jul 28, 2008 10:54am
Quoting Runway Trade
DJ some advice please. I have tried to work out the median and getting it around 1.9893 on the 1H. Right, wrong?
Hi RT
I struggle to upload graphs so I will explain.
I have my range between 1.9650 and 2.0150
My median is roughly between 1.9905 and 1.9937.
All this based on H1
It is basically where the majority of price turn or hover somewhere in the middle of the range.
Hope this helps
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