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Cable Update (GBPUSD)

  • #89,741
  • Oct 1, 2008 2:23am Oct 1, 2008 2:23am
Quoting gagakrimba
I hope not coz i've entered long at 1.7800/
I think you are safe but will it go straighjt up or will range like this that we will see.Will you close it at +20 or wait more you need to decide.

As dakrusha said and that is way i do when make 15 pips i out SL to BE+1 and if price go up again i would just move my SL.If i think it is and of move that i was looking for closing with out SL hit.
As for me no trades until see that retrace or and of this range(touch of resistance line of that down chanel.As write before tomorrow is ECB conference.Could Euro go down a nd drag cable with it.I hope it will.
  • #89,742
  • Oct 1, 2008 2:26am Oct 1, 2008 2:26am
Some post before i write first test of 17800 area then up.This could be that up move.After that down again.All of this because of reverse beraish divergance on 1 hr.Usualy plays that way
  • #89,743
  • Oct 1, 2008 2:32am Oct 1, 2008 2:32am
Quoting dakrusha
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
the way this thing is going anyone could predict it,up the down,down then up,what a mess we are in
  • #89,744
  • Oct 1, 2008 2:33am Oct 1, 2008 2:33am
Quoting dakrusha
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
Thanks...I'll try to learn from your posts.

7893 is also daily pivot so it would be a good target for a long
  • #89,745
  • Oct 1, 2008 2:35am Oct 1, 2008 2:35am
Quoting torcuswelby
the way this thing is going anyone could predict it,up the down,down then up,what a mess we are in
well i have a pretty good reason for suggesting a TP of 865.
My exp on tech for GU says it likes to hit local highs and lows twice.
if it doesn't quite hit the recent high of 873, then you set ur TP to a few pips below just in case.

but i agree, this is quite crazy but inspite of that, outside of news, GU tends to be very technical.
  • #89,746
  • Oct 1, 2008 2:41am Oct 1, 2008 2:41am
Good morning ladies @ gentleman. Anyone for a game of ping pong +42 +20 +2 +27 and the day is young
  • #89,747
  • Oct 1, 2008 3:42am Oct 1, 2008 3:42am
Good Day

Today is Non Farm News ... very tricky news
  • #89,748
  • Oct 1, 2008 3:49am Oct 1, 2008 3:49am
Quoting deboooo2005
Good Day

Today is Non Farm News ... very tricky news
please explain
  • #89,749
  • Oct 1, 2008 3:57am Oct 1, 2008 3:57am
Quoting pip me
please explain
i mean when this news release cable move up or down around 100 to 125 pips and almost the direction not expected ... hunting Sl and also go up and down very quickly
  • #89,750
  • Oct 1, 2008 4:03am Oct 1, 2008 4:03am
Quoting deboooo2005
i mean when this news release cable move up or down around 100 to 125 pips and almost the direction not expected ... hunting Sl and also go up and down very quickly
oh...cheers
  • #89,751
  • Oct 1, 2008 4:07am Oct 1, 2008 4:07am
i dont think it is good practice to set a stop loss. i simply sit at the computer and stop it myself...
  • #89,752
  • Oct 1, 2008 4:16am Oct 1, 2008 4:16am
Long at 1.7810
  • #89,753
  • Oct 1, 2008 4:31am Oct 1, 2008 4:31am
Quoting salemcity33
Long at 1.7810
what's your TP?
  • #89,754
  • Oct 1, 2008 4:32am Oct 1, 2008 4:32am
Quoting salemcity33
Long at 1.7810
good but hope to broke 1.7840 at the moment
  • #89,755
  • Oct 1, 2008 4:34am Oct 1, 2008 4:34am
Quoting salemcity33
Long at 1.7810
TP 1.8108
  • #89,756
  • Oct 1, 2008 4:48am Oct 1, 2008 4:48am
Good Day. All of success . Probably so " the double bottom ", with subsequent occurrence UP of a trend for the intermediate term period is formed.
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???? ????!
  • #89,757
  • Oct 1, 2008 4:51am Oct 1, 2008 4:51am
outside bearish engulfing pattern on the M5...good chance we are going down
  • #89,758
  • Oct 1, 2008 4:57am Oct 1, 2008 4:57am
Quoting psv
Good Day. All of success . Probably so " the double bottom ", with subsequent occurrence UP of a trend for the intermediate term period is formed.
good analysis.but to trade a broadening triangle is almost impossible to call
  • #89,759
  • Oct 1, 2008 5:02am Oct 1, 2008 5:02am
Quoting salemcity33
Long at 1.7810
Out at +4 pips
  • #89,760
  • Oct 1, 2008 5:13am Oct 1, 2008 5:13am
where is every1 these days ...every1 lossing money or maybe spending it...this thread is shrinking QUICK
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