Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#101,721
Nov 27, 2008 2:35am Nov 27, 2008 2:35am

libb
| Joined Mar 2008 | Status: Trader | 214 Posts

Guys think it will break 1.5444? Its touched it 3/4 times now.

#101,722
Nov 27, 2008 2:37am Nov 27, 2008 2:37am

gagakrimba
| Membership Revoked | Joined Aug 2008 | 1,097 Posts

Quoting libb

Disliked

Guys think it will break 1.5444? Its touched it 3/4 times now.

Ignored

Strong resistance there but if it breaks it'll fly

#101,723
Nov 27, 2008 2:38am Nov 27, 2008 2:38am

MoForce
| Joined Jul 2007 | Status: BIG PIPIN' | 615 Posts

Quoting libb

Disliked

Guys think it will break 1.5444? Its touched it 3/4 times now.

Ignored

Yeah it'll probably be a strong break and head on up to 1.55 territory

#101,724
Nov 27, 2008 2:39am Nov 27, 2008 2:39am

mr.m
| Joined Aug 2007 | Status: Trader | 219 Posts

Quoting mr.m

Disliked

i think that long trades are still intact.. just need to wait a little for this minor retracement to finish

Ignored

this might take us up to 550ish

#101,725
Nov 27, 2008 2:41am Nov 27, 2008 2:41am

alcando
| Joined Jul 2008 | Status: Pip Pincher | 758 Posts

I agree. Iam long and keeping it this time to see if she breaks. It has become a big pshychological level as the 2 bounces from there have been big so it may be overplayed either way.

Quoting libb

Disliked

Guys think it will break 1.5444? Its touched it 3/4 times now.

Ignored

Ride the Bulls bearback!

#101,726
Nov 27, 2008 2:41am Nov 27, 2008 2:41am

moewenger
| Joined Jul 2008 | Status: No More Stressed Trading | 312 Posts

Quoting gagakrimba

Disliked

Yeah...entered too early but its ok now

Ignored

yeah... it shud be up and i'll be looking for a nice spot to go short again.

p.s:- BEAR market rules(for pound) until UK shows good progress with their economic growth.

#101,727
Nov 27, 2008 2:42am Nov 27, 2008 2:42am

gagakrimba
| Membership Revoked | Joined Aug 2008 | 1,097 Posts

Quoting mr.m

Disliked

this might take us up to 550ish

Ignored

Need to break 1.5445 convincingly

#101,728
Nov 27, 2008 2:44am Nov 27, 2008 2:44am

mr.m
| Joined Aug 2007 | Status: Trader | 219 Posts

Quoting gagakrimba

Disliked

Need to break 1.5445 convincingly

Ignored

sure but that may make it a bad risk-to-reward trade - money management important too - u can always cover a loss if its small enough! - thats my policy anyway!

#101,729
Nov 27, 2008 2:46am Nov 27, 2008 2:46am

moewenger
| Joined Jul 2008 | Status: No More Stressed Trading | 312 Posts

Quoting libb

Disliked

Guys think it will break 1.5444? Its touched it 3/4 times now.

Ignored

1.5470 will be a good point to long otherwise I will short again from 1.5444. SFB only for me..

#101,730
Nov 27, 2008 2:51am Nov 27, 2008 2:51am

SimonK
| Joined Nov 2006 | Status: tradersimon.com | 318 Posts

Today is going to be very unpredictable with thin volume, but I have a profit target at the R1 pivot around 1.5475.

Got my position at b/e and going out for the rest of the day

Don't want to get caught in knee-jerk reaction trades.

If it's too good to be true, it probably is.

#101,731
Nov 27, 2008 2:54am Nov 27, 2008 2:54am

libb
| Joined Mar 2008 | Status: Trader | 214 Posts

Quoting moewenger

Disliked

1.5470 will be a good point to long otherwise I will short again from 1.5444. SFB only for me..

Ignored

I forgot about 1.5470. Also a significant s/r over time.

What's SFB mean?

#101,732
Nov 27, 2008 2:56am Nov 27, 2008 2:56am

Vourvoul
| Joined Nov 2008 | Status: Trader | 449 Posts

I scalped her a bit for some morning pips at 5395 (38.2 of latest downward movement)

For me, in order to break that 5445 level she needs to come down to either 5380 or 5365.

I am waiting at that bus stop today.

Al, no need to bring it yourself dude.

I will also have an order above the 5445 level just in case it does break it.

#101,733
Nov 27, 2008 2:59am Nov 27, 2008 2:59am

moewenger
| Joined Jul 2008 | Status: No More Stressed Trading | 312 Posts

Quoting libb

Disliked

I forgot about 1.5470. Also a significant s/r over time.

What's SFB mean?

Ignored

S.F.B = Sell From Bounce
B.F.D = Buy From Dip

lol

#101,734
Nov 27, 2008 3:02am Nov 27, 2008 3:02am

alcando
| Joined Jul 2008 | Status: Pip Pincher | 758 Posts

You may be right but its warm on the bus and I have paid my ticket so I'll wait a bit maybe somebody will buy at this level and get my engine started again. I won't bring her down tho, I'll teleport to your bus stop if neccessary.

This is like trading the out of hours session...

Quoting Vourvoul

Disliked

I scalped her a bit for some morning pips at 5395 (38.2 of latest downward movement)

For me, in order to break that 5445 level she needs to come down to either 5380 or 5365.

I am waiting at that bus stop today.

Al, no need to bring it yourself dude.

I will also have an order above the 5445 level just in case it does break it.

Ignored

Ride the Bulls bearback!

#101,735
Nov 27, 2008 3:06am Nov 27, 2008 3:06am

MoForce
| Joined Jul 2007 | Status: BIG PIPIN' | 615 Posts

Quoting Vourvoul

Disliked

I scalped her a bit for some morning pips at 5395 (38.2 of latest downward movement)

For me, in order to break that 5445 level she needs to come down to either 5380 or 5365.

I am waiting at that bus stop today.

Al, no need to bring it yourself dude.

I will also have an order above the 5445 level just in case it does break it.

Ignored

I'm thinking the same thing... I'm expecting 5380ish at max