Cable Update (GBPUSD) | Page 4803 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #96,041
  • Nov 6, 2008 9:44am Nov 6, 2008 9:44am
Quoting meltz
Erm... can i ask?

What is SL and what is BE?
Stop Loss & Break Even

M
  • #96,042
  • Nov 6, 2008 9:47am Nov 6, 2008 9:47am
5 min chart triangle broken, back to the same ping pong game...
  • #96,043
  • Nov 6, 2008 9:51am Nov 6, 2008 9:51am
This ping ponging is sweet... I just short everytime it hits 5950 and close for 50 pips... done it 3 times since morning...
Patience + Discipline - Greed = Success
  • #96,044
  • Nov 6, 2008 9:58am Nov 6, 2008 9:58am
Why short everytime it hits 5950? is this the maximum it can go?

ANd can anyone explain what is "ping pong". i would love to know more... ^^
thanks for the help, appreciate it alot.
  • #96,045
  • Nov 6, 2008 10:03am Nov 6, 2008 10:03am
Major trend is down, so he decided to short it at resitance.

If you look at price action, it stay into a sharp channel, whit fast reaction at each Support and resistance. Like a ping pong ball...

Watch out for the breakout of that channel, witch gonna be violent. And be aware of wipshaw also, since price can make a spike -"bluff" and retrace.
  • #96,046
  • Nov 6, 2008 10:03am Nov 6, 2008 10:03am
Ping pong is the sport of watching a coin bounce across the pond and seeing how many times it can bounce without getting sunk...
Ride the Bulls bearback!
  • #96,047
  • Nov 6, 2008 10:07am Nov 6, 2008 10:07am
To Inzider and alcando,

Thanks alot, i'm learning slowly by slowly. Glad u help around. ^^
  • #96,048
  • Nov 6, 2008 10:11am Nov 6, 2008 10:11am
Meltz, Spend some time on www.babypips.com A great free resource for Forex education.
Ride the Bulls bearback!
  • #96,049
  • Nov 6, 2008 10:13am Nov 6, 2008 10:13am
EU, Gold, oil, FTSE, DOW, SP and Nasdaq are DOWN... but GBP is ranging....

I'm bored... LOL
  • #96,050
  • Nov 6, 2008 10:17am Nov 6, 2008 10:17am
Now the fun begins... Lets test the low
Ride the Bulls bearback!
  • #96,051
  • Nov 6, 2008 10:18am Nov 6, 2008 10:18am
I add short.Below ichimoku cloud on 15.below 15 gann.Parabolic on 15 bearish.We are arround 1 hr gann but i think we will break that as well.Will leave it that way and going home.We will make some new lows soon i hope.
  • #96,052
  • Nov 6, 2008 10:20am Nov 6, 2008 10:20am
Channel broke down, 40 pips for now.

I'm Happy!
  • #96,053
  • Nov 6, 2008 10:21am Nov 6, 2008 10:21am
At last it goes down like what it was expected to be.
Let's see 1.55XX now
  • #96,054
  • Nov 6, 2008 10:22am Nov 6, 2008 10:22am
awful day for me
till now -100 in one trade

and my original short is still -80 until now open
When life gives you lemons, make lemonade
  • #96,055
  • Nov 6, 2008 10:24am Nov 6, 2008 10:24am
my tp is very optimistic 1.5272 lol lets see -40 until now total -140
When life gives you lemons, make lemonade
  • #96,056
  • Nov 6, 2008 10:26am Nov 6, 2008 10:26am
i wish i didnt listen to the guys here and hedged my initial short at -250.. should have left it hanging.... its now -40
its ok
When life gives you lemons, make lemonade
  • #96,057
  • Nov 6, 2008 10:26am Nov 6, 2008 10:26am
Micho
That sounds like revenge... and I hope you get it
Quoting micho
my tp is very optimistic 1.5272 lol lets see -40 until now total -140
Ride the Bulls bearback!
  • #96,058
  • Nov 6, 2008 10:28am Nov 6, 2008 10:28am
well i think and hope that 1.5620 is not out of reach today
When life gives you lemons, make lemonade
  • #96,059
  • Nov 6, 2008 10:28am Nov 6, 2008 10:28am
dont get married to a position. do u think the big boys will sell at this point.
watchout and dont be fooled by your lagging indicator
  • #96,060
  • Nov 6, 2008 10:28am Nov 6, 2008 10:28am
Quoting Infinity
This ping ponging is sweet... I just short everytime it hits 5950 and close for 50 pips... done it 3 times since morning...
great stuff ur shampoo finally played out also,

same on the aussy
Trading is 80% Emotional, 20% Technical
403 traders viewing now, 1 is registered:
lafemo