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Cable Update (GBPUSD)

  • #83,921
  • Aug 25, 2008 7:17am Aug 25, 2008 7:17am
Quoting micho
the daily trend is short, the 4H trend is short but the 1H trend is long. so i think your position of 1.8510 is safe since we will be able to see this level again later as long as the daily and 4H trends are not broken

but its better to close this position at break even now because the 1H trend is still long, better open the short position once the retracement is finished

Thanks pal.

What's the meaning of micho?
  • #83,922
  • Aug 25, 2008 7:21am Aug 25, 2008 7:21am
Quoting peulthai
Thanks pal.

What's the meaning of micho?

Contraction of "mi chorizo," meaning my sausage.


lol kidding, its my name michel = michael = mickael = micho

When life gives you lemons, make lemonade
  • #83,923
  • Aug 25, 2008 7:22am Aug 25, 2008 7:22am
Quoting ezmystic
I had to pull my money out of IG Index because they close your position at the end of the day 8pm GMT and you realize any profit or loss and then if you have a roll over option like I do, they put you back in the market. I got hit with a couple of losses realized and so I have opened another account with capitalspreads where they just leave your poistion open.

I am therefore waiting for cash to get in my new account before trading, but I think I will be shorting when I'm back on this week.
My broker (GFT) doing the same thing.
Do you see any downside on this? I know, I lost few pips here and there for this rollover and closed position eventhough I have open position.
FXCM doesn't do that and they keep the position open as it is.
I would like to see anyone's input on this.
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  • #83,924
  • Aug 25, 2008 7:27am Aug 25, 2008 7:27am
anyone short right now?
"Invest With The Insiders, Not The Masses" George Muzea
  • #83,925
  • Aug 25, 2008 7:29am Aug 25, 2008 7:29am
I shorted at 8520
  • #83,926
  • Aug 25, 2008 7:33am Aug 25, 2008 7:33am
Quoting Agent-Pipen
I shorted at 8520
Hopefully it will go down. I short at 1.8552
"Invest With The Insiders, Not The Masses" George Muzea
  • #83,927
  • Aug 25, 2008 7:36am Aug 25, 2008 7:36am
Quoting Qu|cksilver
Hopefully it will go down. I short at 1.8552
.
I thought u said BUY GBP/USD???

sonic
  • #83,928
  • Aug 25, 2008 7:37am Aug 25, 2008 7:37am
Quoting Qu|cksilver
Hopefully it will go down. I short at 1.8552
where did u place the SL?
  • #83,929
  • Aug 25, 2008 7:37am Aug 25, 2008 7:37am
Quoting Qu|cksilver
anyone short right now?
Well.....i long at 1.8500.
  • #83,930
  • Aug 25, 2008 7:38am Aug 25, 2008 7:38am
Quoting Qu|cksilver
Hopefully it will go down. I short at 1.8552
You got better prices than me. I'm not worried. I took profit earlier, from the bull run. I think it'll retrace down at least 60 pips. I think since European nation is on holiday, what ever prices the u.s. got closed out on Friday needed to be filled in. The market will go on it's way once all orders are filled. Where's your T/P set to? Mine is at 4660
  • #83,931
  • Aug 25, 2008 7:41am Aug 25, 2008 7:41am
8550 should be tuff level at 38% fibo retracement lets see but still not time for shorts
When life gives you lemons, make lemonade
  • #83,932
  • Aug 25, 2008 7:41am Aug 25, 2008 7:41am
Weekend COT report shows a strong possibility for the GBP/USD to go north.
  • #83,933
  • Aug 25, 2008 7:43am Aug 25, 2008 7:43am
short from 8760/8660

long fom 8409

where it`s wanna go i will be there....
  • #83,934
  • Aug 25, 2008 7:45am Aug 25, 2008 7:45am
Quoting sonicdeejay
.
I thought u said BUY GBP/USD???

sonic
Quik...

U said LONG and u shorted ???

HERE

sonic
  • #83,935
  • Aug 25, 2008 7:50am Aug 25, 2008 7:50am
Quoting nAVIN2007
where did u place the SL?
1.8565
"Invest With The Insiders, Not The Masses" George Muzea
  • #83,936
  • Aug 25, 2008 7:55am Aug 25, 2008 7:55am
Quoting sonicdeejay
Quik...

U said LONG and u shorted ???

HERE

sonic
Already close my long.
"Invest With The Insiders, Not The Masses" George Muzea
  • #83,937
  • Edited 8:23am Aug 25, 2008 7:55am | Edited 8:23am
Quoting Qu|cksilver
1.8565
i think it will go higher i got stoped out....26 pip stop loss ...dollar is getting weak for some reason..unbelievable ....it takes me out then goes down....f**k
  • #83,938
  • Aug 25, 2008 8:52am Aug 25, 2008 8:52am
Quoting nAVIN2007
i think it will go higher i got stoped out....26 pip stop loss ...dollar is getting weak for some reason..unbelievable ....it takes me out then goes down....f**k
if 1.855x, resistance broken..it will be jolly well on the way to 1.8607 or 1.8665....

I do not have Long or Short..thou...

sonic
  • #83,939
  • Aug 25, 2008 8:53am Aug 25, 2008 8:53am
Quoting sonicdeejay
if 1.855x, resistance broken..it will be jolly well on the way to 1.8607 or 1.8665....

I do not have Long or Short..thou...

sonic
I'll be going short at 1.866x. I played off that price last week, let's see how this week takes to it.
Just digging in the trenches like everyone else!
  • #83,940
  • Aug 25, 2008 9:04am Aug 25, 2008 9:04am
Quoting eohater
I'll be going short at 1.866x. I played off that price last week, let's see how this week takes to it.
im short if this goes wrong im out of the market and gonna demo for ever...
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