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Cable Update (GBPUSD)

  • #84,781
  • Aug 29, 2008 12:31am Aug 29, 2008 12:31am
Quoting Rocroy
I'm still long from 315, the next r-levels are at 349 and 378. The latter is my current estimate for daily top...


Im still long from 8250 from 9 am pacific this morning. For those joining the long late welcome. Hope you don't get cought in a bit of a retrace.
  • #84,782
  • Aug 29, 2008 12:37am Aug 29, 2008 12:37am
Quoting steelhead
Im still long from 8250 from 9 am pacific this morning. For those joining the long late welcome. Hope you don't get cought in a bit of a retrace.
I would close my longs if i were you, because we aren't going up more. The price touched the trendline and is going down. We are in the chanell, look at 1H. I believe it's a perfect spot(1,83355) to short.
  • #84,783
  • Aug 29, 2008 12:39am Aug 29, 2008 12:39am
Quoting ddblue
I believe that the overall trend is down. I set my stop at 402 because I believe in 50's and 00's being significant psychological levels of support / resistance. Also, I just don't feel that it has the legs to go *that* much higher. But I could be wrong (that's what the stop is for).

To be honest, I'm still working out my own system, as this is my first foray into the 'trending markets'.

Also, please refer to my sig
did u get my PM,if so i made a mistake shoiuld have said 70 not 80,this is the exact point where I feel it may swing down,what do u think?????????Mike
  • #84,784
  • Aug 29, 2008 12:42am Aug 29, 2008 12:42am
Quoting peulthai
Am short at 1.8338, SL 1.8350, TP 1.8263 (though i see it go lower than that)
Is there no body going short with me? are u all long term traders?
  • #84,785
  • Aug 29, 2008 12:43am Aug 29, 2008 12:43am
Out with 13 pips. I just don't have the stamina for these trades that I used to...
Do you think the karate kid knows kung-fu?
  • #84,786
  • Aug 29, 2008 12:43am Aug 29, 2008 12:43am
Im short
  • #84,787
  • Aug 29, 2008 12:43am Aug 29, 2008 12:43am
Quoting peulthai
Is there no body going short with me? are u all long term traders?
I'm short 1,83355, TP 1,82414.
  • #84,788
  • Aug 29, 2008 12:44am Aug 29, 2008 12:44am
still short from1.8323 added lot at 1.8335
  • #84,789
  • Aug 29, 2008 12:45am Aug 29, 2008 12:45am
down down down ...
  • #84,790
  • Aug 29, 2008 12:49am Aug 29, 2008 12:49am
Ok, short again as it popped back up Short from 1.8316.

What are your s/l's set at?
Do you think the karate kid knows kung-fu?
  • #84,791
  • Aug 29, 2008 12:51am Aug 29, 2008 12:51am
Quoting eohater
I've been watching you. Good job on sticking to your plan of 30 pips and done! Big lots can pay you well for trading like that.
Thank you, i really try to stick to the plan but sometimes the market is really crazy.
  • #84,792
  • Aug 29, 2008 12:53am Aug 29, 2008 12:53am
i think i took a late entry. I just got in short at 1.8313 exiting at 1.8280
  • #84,793
  • Aug 29, 2008 12:55am Aug 29, 2008 12:55am
It isn't falling down, It is holding on. hrrrr
  • #84,794
  • Aug 29, 2008 1:02am Aug 29, 2008 1:02am
A new bullish candle opened up over daily pivot on 30min chart..
  • #84,795
  • Aug 29, 2008 1:05am Aug 29, 2008 1:05am
Quoting ddblue
Ok, short again as it popped back up Short from 1.8316.

What are your s/l's set at?
I have lowered my ST it is now at 1.8325 9i usually put it at -10.
  • #84,796
  • Aug 29, 2008 1:05am Aug 29, 2008 1:05am
no worries its for down now
  • #84,797
  • Aug 29, 2008 1:07am Aug 29, 2008 1:07am
Finally it is starting to go down. What tp level are you guys taking?
  • #84,798
  • Aug 29, 2008 1:09am Aug 29, 2008 1:09am
This isn't a trade where we should 'let it run', is it? We should have t/p's?
Do you think the karate kid knows kung-fu?
  • #84,799
  • Aug 29, 2008 1:09am Aug 29, 2008 1:09am
Quoting Forextrader4
Finally it is starting to go down. What tp level are you guys taking?
yesterdays low 1,8240
  • #84,800
  • Aug 29, 2008 1:10am Aug 29, 2008 1:10am
Thanks for the welcome! I'm sticking to my plan, let's see how it goes

There is a support at 300, which should give us a bounce up...

Quoting steelhead
Im still long from 8250 from 9 am pacific this morning. For those joining the long late welcome. Hope you don't get cought in a bit of a retrace.
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