Cable Update (GBPUSD) | Page 4880 | 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)

  • #97,581
  • Nov 12, 2008 11:33am Nov 12, 2008 11:33am
Add another short @ 1.5050
  • #97,582
  • Nov 12, 2008 11:34am Nov 12, 2008 11:34am
Quoting micho
i see 1.51 as a possibility too
My eyes are set on 1.51 . Going to send in a battallion at that price to short
  • #97,583
  • Nov 12, 2008 11:35am Nov 12, 2008 11:35am
Time for you guys to short again. 150.00 to 150.50


Good luck
  • #97,584
  • Nov 12, 2008 11:35am Nov 12, 2008 11:35am
Quoting steelhead
Wow you guessed it I have had my charts upside down thanks for the help.

Do i get to gloat when this thing goes back to 1.5300 or 1.5450 ?

I think perhaps I will show a bit more class.
Are you still long?
Patience + Discipline - Greed = Success
  • #97,585
  • Nov 12, 2008 11:36am Nov 12, 2008 11:36am
Quoting Kyen
My eyes are set on 1.51 . Going to send in a battallion at that price to short
did u holdon your shorts for AUDUSD at 1.6363???
When life gives you lemons, make lemonade
  • #97,586
  • Nov 12, 2008 11:38am Nov 12, 2008 11:38am
Quoting steelhead
Maybe I will maybe I wont. We will just have to wait and see.

Down 160 pips aint that bad. I am all good. You can have your 15 minutes of fame.

Second thought yes I think I will buy some more.

Im sure I will have plenty of folks willing to sell to me.

Hey Steelhead,
If you bought about an hour ago, the -160 should be neutralized now right. Things do look like it's going to retrace up for awhile, so looks like you are on your way to being green.
  • #97,587
  • Nov 12, 2008 11:39am Nov 12, 2008 11:39am
Quoting steelhead
Time for you guys to short again. 150.00 to 150.50


Good luck
and for you to go short too
When life gives you lemons, make lemonade
  • #97,588
  • Nov 12, 2008 11:40am Nov 12, 2008 11:40am
Quoting micho
did u holdon your shorts for AUDUSD at 1.6363???
Ah - you remember my chart on that yes? I shorted at 6450 when the break was confirmed and caught 50, which resulted in a breakeven trade after i took profit and shorted again @6350 taking a 30 pip loss. Actually the net would be +20 But my Tp for GJ and GU is well on its way and I had a great run on that. Hope you jumped on boat
  • #97,589
  • Nov 12, 2008 11:42am Nov 12, 2008 11:42am
Quoting Kyen
Ah - you remember my chart on that yes? I shorted at 6450 when the break was confirmed and caught 50, which resulted in a breakeven trade after i took profit and shorted again @6350 taking a 30 pip loss. Actually the net would be +20 But my Tp for GJ and GU is well on its way and I had a great run on that. Hope you jumped on boat
no i didnt just got +50 +44 -10 today
but if u sold the AUDUSD and closed it at 6363 u would have got around 200 pips or more i think
but u didnt
When life gives you lemons, make lemonade
  • #97,590
  • Nov 12, 2008 11:42am Nov 12, 2008 11:42am
Quoting micho
i see 1.51 as a possibility too
MiChO buddy...
I'd L I K E... 1.5150, but this ain't an atm,
ehhh baby! -!

'Flat knew she'd be a retracing up.
I see 1.5129 possible, off of 40% of the downward move today,
from 1.5481 to 1.4894.
We'll see... 'Just happy to get some retracement pippage! !

Off to do some work here, then 'check back in an hr. !
Happy Pipping,
Terrapin Pipper,

Jeff !
I will work to Objectively Identify my Edges
  • #97,591
  • Nov 12, 2008 11:43am Nov 12, 2008 11:43am
Quoting dwildes
Hey Steelhead,
If you bought about an hour ago, the -160 should be neutralized now right. Things do look like it's going to retrace up for awhile, so looks like you are on your way to being green.

Yeah man Im ok. triple interest rape day is upon us so will most likely hold off till later now.
  • #97,592
  • Nov 12, 2008 11:43am Nov 12, 2008 11:43am
Quoting TerpFan2
MiChO buddy...
I'd L I K E... 1.5150, but this ain't an atm,
ehhh baby! -!

'Flat knew she'd be a retracing up.
I see 1.5129 possible, off of 40% of the downward move today,
from 1.5481 to 1.4894.
We'll see... 'Just happy to get some retracement pippage! !

Off to do some work here, then 'check back in an hr. !
Happy Pipping,
Terrapin Pipper,

Jeff !
yep 1.512x is the 23% retrace of the last daily down trend... i would sell there for sure
When life gives you lemons, make lemonade
  • #97,593
  • Nov 12, 2008 11:44am Nov 12, 2008 11:44am
just closed my last soldier at break even... i want to take it from higher!!!!!! i hope
higher is better
When life gives you lemons, make lemonade
  • #97,594
  • Nov 12, 2008 11:46am Nov 12, 2008 11:46am
Quoting micho
no i didnt just got +50 +44 -10 today
but if u sold the AUDUSD and closed it at 6363 u would have got around 200 pips or more i think
but u didnt
Micho, I've cut back a lot from my old style of trading. I went from trading 10-20 standards lots to 10-20 mini's. Learned quite a few lessons about money management and am happy to have people like you keeping me grounded. +270p total for the day, was up 400 before but definately cannot complain. Its all about survival in this market no?
  • #97,595
  • Nov 12, 2008 11:49am Nov 12, 2008 11:49am
Here is the weekly so far...

I want 1.4800....

If that is taken out I want 100% @ 1.37xx....
Attached Image (click to enlarge)
Click to Enlarge Name: week.gif Size: 37 KB
Patience + Discipline - Greed = Success
  • #97,596
  • Nov 12, 2008 11:52am Nov 12, 2008 11:52am
Quoting Kyen
Micho, I've cut back a lot from my old style of trading. I went from trading 10-20 standards lots to 10-20 mini's. Learned quite a few lessons about money management and am happy to have people like you keeping me grounded. +270p total for the day, was up 400 before but definately cannot complain. Its all about survival in this market no?
whats your acount amount? if u wanna keep it confidential its ok
When life gives you lemons, make lemonade
  • #97,597
  • Nov 12, 2008 11:52am Nov 12, 2008 11:52am
Quoting Infinity
Here is the weekly so far...

I want 1.4800....

If that is taken out I want 100% @ 1.37xx....
seems very favorable at this stage...
Trading is 80% Emotional, 20% Technical
  • #97,598
  • Nov 12, 2008 11:55am Nov 12, 2008 11:55am
Now I know a lot of you are aware of fundamentals though you dont trade based on it - I think that today's announcement does call for a discussion though. Here's my reaction to Paulson's speech -I'd love to hear what feedback the rest of you have:

Basically, its been announced that the bailout money will not be used for TARp and instead will be used to assist the auto + credit industry. I'm not surprised one bit at this announcement as I had a feeling in the beginning of this whole mess, that the bailout was passed to return a portion of the borrowed funds to China,Japan, etc. Makes sense if you think about it - cant keep on borrowing without returning a dime yes? With the credit crises hitting the auto industry, it wont be long before it trickles down to the credit card industry - imagine going to a store and being rejected for trying to pay with a visa credit card? scary. Frankly, I'm quite astonished that DJIA is still holding with only a 2-300 point loss for today - I will not be surprised if they have to freeze trading tomorrow due to a 10%+ drop. So, with all these companies that put their hopes in this bailout on the brink of collapse, how is the stock market holding up? In my opinion, its simply government intervention using more funds to keep the stock market afloat the way they did with GM(buying 40B worth of preferred stock). If you asked me how much $ we had left to assist the auto+credit industry, I'd personally say around 150-200b left. The only positive note I can leave with this whole rant is that 4wk bond sales have gone up - there was a major divergence in this market in that as stocks plummeted, bonds sales were low - now it seems to be correcting itself.

Anyway, what are your thoughts?
  • #97,599
  • Nov 12, 2008 11:57am Nov 12, 2008 11:57am
Quoting gagakrimba
Add another short @ 1.5050
I'll add another short if it touches 1.5100.
  • #97,600
  • Nov 12, 2008 11:58am Nov 12, 2008 11:58am
Quoting micho
whats your acount amount? if u wanna keep it confidential its ok
Micho, lets just say that I had an unbelieavable streak which really came back and kicked me hard in the rear - which is why I really took time off to reassess my money mangement approach. I think I'm more grounded now, and I really do give a lot of credit to this forum - the support and motivation it gave me is tremendous.
569 traders viewing now, 1 is registered:
CPUmice