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Cable Update (GBPUSD)

  • #92,641
  • Oct 21, 2008 4:08am Oct 21, 2008 4:08am
Short 1.7060 and wait to touch 1.6990
  • #92,642
  • Oct 21, 2008 4:08am Oct 21, 2008 4:08am
Quoting fxpinoy
I hope so beginning tomorrow.


Think so too... so long as we are in between 7600-7000.

I really would love to see it happen... another over 400pips up and 400pips down again...plenty money for the christmas
  • #92,643
  • Oct 21, 2008 4:13am Oct 21, 2008 4:13am
Quoting \"expert\"
USD dollar index is about to make bearish divergance if i see ok.If that plays this 7000 area could be bounce again because USD will start to fall again.And we are not out of 7000-7600 area again.Locking 100 pips and waiting to see what next.
That was a perfect bounce of pivot line 6996.That is why a lock 100 pips Micho.But not over yet.it would be nice for me to see 7100 area on this long.Profit locked again.See ya later
  • #92,644
  • Oct 21, 2008 4:19am Oct 21, 2008 4:19am
Quoting peulthai
Think so too... so long as we are in between 7600-7000.

I really would love to see it happen... another over 400pips up and 400pips down again...plenty money for the christmas
It is possible, coze the cable is so freaky ! So ride on both of north and south is more better than only hope one ward strong trend. Don' t trade against the trend because the trend is our friend, not the enemy !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #92,645
  • Oct 21, 2008 4:25am Oct 21, 2008 4:25am
Quoting Takisd
I think we will find lower levels tested again before any trend change. There is too much need to sell in the market. The offers are lower than expected, and the buyers are already all in. 1 surge of sellers and stops are gone. The market is way overbought right now. Entering short with very low margin and just holding it, could land you 300 pips in the long run.(providing you can handle about 100 up max).

NFP will be the deal breaker, and FOMC should move the market also. As the market has been priced at a interest rate decrease. Due to early comments made this month.

I Have short orders in for a break of range. Nothing else. A quick 20 pips. But the price started ontop of the range today, which means it is overbought, and struggling. And the price action looks the same also.
You better take RSi or even better CCI index and look.On all time frames we are below o.On lower TF even below 150.We are not overbought.If you take short at low don't make it down this way.It will not happen that way.Big bouys don't read our post they do indicators and other things.If your account is big wait it will come to 7000 area again maybe.Or just close bad trade and go on.If you are not short learn to read indicators.Maybe you are wright but i don't see it that way that we are overbought.Sorry

If we close 15 m candle above this 7100 area we wight see 7140 area or higher.Cable plays a lot lately

See ya
  • #92,646
  • Oct 21, 2008 4:25am Oct 21, 2008 4:25am
beautiful one at pivot lvl.
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  • #92,647
  • Oct 21, 2008 4:31am Oct 21, 2008 4:31am
15 m gann is holding7090.we need close above to confermed longs for now.Momentum on new 15 candle not bulish.Still waiting on my long
  • #92,648
  • Oct 21, 2008 4:36am Oct 21, 2008 4:36am
good morning all...

i think i miss every thing even now...

first trade shoert 1.71

wish me luck...
  • #92,649
  • Oct 21, 2008 4:37am Oct 21, 2008 4:37am
Quoting \"expert\"
That was a perfect bounce of pivot line 6996.That is why a lock 100 pips Micho.But not over yet.it would be nice for me to see 7100 area on this long.Profit locked again.See ya later
Ladys and gents 7100.Urrrraaaaa.If we close this 15 candle above 90 area and gann flipp i might add 1 more long.so far 100 pips on short end 60 on this long but last one opened so might go up might go down.We will see
  • #92,650
  • Oct 21, 2008 4:44am Oct 21, 2008 4:44am
me +82 or the AUDUSD short and +83 on GBPUSD CAD so far...
When life gives you lemons, make lemonade
  • #92,651
  • Oct 21, 2008 4:45am Oct 21, 2008 4:45am
well, it's time to continue down i think
  • #92,652
  • Oct 21, 2008 4:46am Oct 21, 2008 4:46am
Quoting micho
me +82 or the AUDUSD short and +83 on GBPUSD CAD so far...

good luck micho.. mwafa`a...
  • #92,653
  • Oct 21, 2008 4:47am Oct 21, 2008 4:47am
being short since 7105 Tp at 7065 (then maybe 6997) SL -5
  • #92,654
  • Oct 21, 2008 4:50am Oct 21, 2008 4:50am
Quoting eohater
Hello everyone, here's a recap of the previous US Session for me. I closed my short position out during the US Session for 150 pips. I missed the great entry, but I'm happy for the 150 I've made. I didn't start closing out my long position that I took during the US Session until after it closed, so they will go to my total for today which is currently +60. I'm still in a long position from 1.7130 with my SL at +2. I would like to see my long make it back to the 1h 62ema where I would love to take her short again. If you have any questions on my post, please let me know. Happy trading everyone!

Hello Eohater,

I would like to know what is the SL for your short entry. Also the SL for your long entry? Please share your plan?
  • #92,655
  • Oct 21, 2008 4:51am Oct 21, 2008 4:51am
Quoting \"expert\"
Ladys and gents 7100.Urrrraaaaa.If we close this 15 candle above 90 area and gann flipp i might add 1 more long.so far 100 pips on short end 60 on this long but last one opened so might go up might go down.We will see
So 7065 - 7105 is the unknown area !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #92,656
  • Oct 21, 2008 5:03am Oct 21, 2008 5:03am
i'm short at 067..TP 6995...
Come on papa needs a new pair of shoes!!!

EDIT...Crap as soon as i wrote that i was +15

Setting SL to BE
  • #92,657
  • Oct 21, 2008 5:05am Oct 21, 2008 5:05am
CBI -39
  • #92,658
  • Oct 21, 2008 5:09am Oct 21, 2008 5:09am
and what to do now - short or long?
ROBOT FOREX
  • #92,659
  • Oct 21, 2008 5:09am Oct 21, 2008 5:09am
my short is at 63, targetting next lower low. SL set to B.E +1
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  • #92,660
  • Oct 21, 2008 5:09am Oct 21, 2008 5:09am
got another +29 on the short
When life gives you lemons, make lemonade
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