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Cable Update (GBPUSD)

  • #101,721
  • Nov 27, 2008 2:35am Nov 27, 2008 2:35am
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
Quoting libb
Guys think it will break 1.5444? Its touched it 3/4 times now.
Strong resistance there but if it breaks it'll fly
  • #101,723
  • Nov 27, 2008 2:38am Nov 27, 2008 2:38am
Quoting libb
Guys think it will break 1.5444? Its touched it 3/4 times now.
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
Quoting mr.m
i think that long trades are still intact.. just need to wait a little for this minor retracement to finish
this might take us up to 550ish
  • #101,725
  • Nov 27, 2008 2:41am Nov 27, 2008 2:41am
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
Guys think it will break 1.5444? Its touched it 3/4 times now.
Ride the Bulls bearback!
  • #101,726
  • Nov 27, 2008 2:41am Nov 27, 2008 2:41am
Quoting gagakrimba
Yeah...entered too early but its ok now
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
Quoting mr.m
this might take us up to 550ish
Need to break 1.5445 convincingly
  • #101,728
  • Nov 27, 2008 2:44am Nov 27, 2008 2:44am
Quoting gagakrimba
Need to break 1.5445 convincingly
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
Quoting libb
Guys think it will break 1.5444? Its touched it 3/4 times now.
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
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
Quoting moewenger
1.5470 will be a good point to long otherwise I will short again from 1.5444. SFB only for me..
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
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
Quoting libb
I forgot about 1.5470. Also a significant s/r over time.


What's SFB mean?
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
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
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.
Ride the Bulls bearback!
  • #101,735
  • Nov 27, 2008 3:06am Nov 27, 2008 3:06am
Quoting Vourvoul
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.
I'm thinking the same thing... I'm expecting 5380ish at max
  • #101,736
  • Nov 27, 2008 3:07am Nov 27, 2008 3:07am
Set my TP @ 1.5515.
Hopefully it reach there
  • #101,737
  • Nov 27, 2008 3:23am Nov 27, 2008 3:23am
hi am short from 1.5413 tp 1.1.5353,i pray it goes down
  • #101,738
  • Nov 27, 2008 3:24am Nov 27, 2008 3:24am
How do you trade this thing...

zzzzzzzz
Attached Image
Ride the Bulls bearback!
  • #101,739
  • Nov 27, 2008 3:27am Nov 27, 2008 3:27am
Quoting enoh james a
hi am short from 1.5413 tp 1.1.5353,i pray it goes down
I just hope YOU can drive a bus...
  • #101,740
  • Nov 27, 2008 3:27am Nov 27, 2008 3:27am
Remember the 115 pip spike up earlier ?
It did go to the top price @ 1.5445
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