Cable Update (GBPUSD)

:nerd:

Hi all.I am back from holiday.I was writing about 1 of mine crazy scenario that we might see 1.7500 area.Look whe are we now.Almost 400 pips for me.I add 1 more pending short at 1.7920 and 1,7985.Let see will come to theare and what will happens next.

I think that is bad to trade because of some bad or good news.Just follow the price and Gann indicators,and don't be so afraid to take trades.That way you will always watch price action and you will always wait for something.If you think cable will go up and it is still going down then go short.Change you plan.You are missing so much.
This 1,7500 area is place for testing that low.From theare we might see up again(because we had reverse bearish divergense on daily 1 week ago.usualy they dont play out.Just test low and then up again and then break that low.But this time we will see.

Becaise of my short and pending order hope to see that 17500 area and below.

On thursday i expect more fall on cable because ECB might cut rate.And that will give more power to USD i think.We will see.Mabe add some short theare too.

See ya all

http://www.bloomberg.com/avp/avp.htm...l1McjXM2JA.asf

a must listen!!

Good opinion

Very informative and well said. Thanks for the link

4 trades today, +10, +32, +20, +14 total +76 slow but steady day

Am in the UK so really my day finished 2 hours ago and was happy with my t/p of total of 177 pips. Anyway I just been watching a late night film and the charts were still up and as I saw a few good looking entries I thought, why not do a few small trades. So I bagged +40 +21 +9 +6 am now going to bed as I have to be up in a few hours for UK open----

Short 1.7798

target?

areyou out already? i'm long at 825...target 895...should go further, but i cut early

great call. Can I ask what you use for a trigger as you are usually right.

Hi all.Tokio was a ranging sculp again.easy job.Now i see some reversr nearish divergance on 1 hr chart.Possible scenario test of 1.7800 area maybe even 1.7765 then up.Possible targets 1,7930 area and maybe even 1.7980.Theare i will look for shorting again if indi shows short signals.Some resistance possible at 17900 and 17915.Breaking on 17760 will be breaking of some bearish flag and short again.Since i had 3 good trades in Tokio in that range form 17800-17840 i will wait GBP news to come out and then will see.In US session i will go long i think and try to lock profit before US news.If it is good close my long before hit my SL i hope.If bad well...you know alredy....

If we count waves from 18600 area we made 5 waves so we need some corection before down again,but this Eliot wave thing i am not so good at,still learning so maybe wrong.Any way i am waiting with my shorts just a little then i will see.

Happy trading all

Oh this writing is killing me.Sorry for errors in typing if any

Nice moves lately. Hmmmm, any idea where she's heading

R

no trigger.
i've been watching GBP/USD EXCLUSIVELY for over a year now.
I have a pretty good feel of how it works and what it likes to do.
We've been wandering around the bottom for a while and there hasn't been a retrace to the 50% fib all day so it's MOST LIKELY going to.
no guarantee here, but chances are good.
i set a SL to my entery so it looks like i may BE on this trade

just got sl'd

Out at -9 pips

Damned.....dont tell me there will be another 300 pips drop today !!!

y not? what does it matter? money is money right? :-D

I hope for 17500 area again because i have 1 short way up.We are in down chanel as i see. so we nead retrace or we will range like this till toomorow maybe.

I hope not coz i've entered long at 1.7800/

oh ok...well set ur SL at 779 and ur TP at 865 and you'll be safe

when we are back in 820, set ur SL to BE and rest..risk free trade