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Cable Update (GBPUSD)

  • #102,561
  • Dec 1, 2008 6:01am Dec 1, 2008 6:01am
Quoting i.shawish
Hi All...good Shorting Noon...i Am Seeing That Gu Waiting For The Us News To Move...nice Trade For All.. I Am Thinking To Go Long,are You Recomend Me??
Sorry I couldnt recommend you to go long, if there is up movement wait till the top and short from there.
  • #102,562
  • Dec 1, 2008 6:02am Dec 1, 2008 6:02am
Quoting i.shawish
Hi All...good Shorting Noon...i Am Seeing That Gu Waiting For The Us News To Move...nice Trade For All.. I Am Thinking To Go Long,are You Recomend Me??
hey did you get out of your shorts at 1.51xx??
When life gives you lemons, make lemonade
  • #102,563
  • Dec 1, 2008 6:02am Dec 1, 2008 6:02am
Quoting micho
but hey at your own risk
of course, it's my own risk... I just put some money on red...
  • #102,564
  • Dec 1, 2008 6:03am Dec 1, 2008 6:03am
Ups I went short 1.5040 ! Closed +20 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #102,565
  • Dec 1, 2008 6:05am Dec 1, 2008 6:05am
Quoting manize
Ups I went short 1.5040 !

lol!

then good for you now..
  • #102,566
  • Dec 1, 2008 6:05am Dec 1, 2008 6:05am
Quoting micho
yo if u have ur stop loss at 65, reasonable target 1.5016... and set it to break even when it goes 23... otherwise you get -13
SL at breakeven... lets see where to go now...
  • #102,567
  • Dec 1, 2008 6:06am Dec 1, 2008 6:06am
thx alcando
Your insight - much appreciated

GBP USD

I believe the move down was a combination of PMI and UK house prices down 8.1 pct yy - Hometrack.
On CNBC they said GBP slumps on housing price fall...I m also sitting tight
Its certainly very volatile. I m waiting for the US news.
I will be looking for that rebound though if it does not break 1500.
As you say 23FIB from the 25 Sept fall at this level (15056) so it is a level of interest. Seems quiet now ...

If it does break 1500 then i'll short it
  • #102,568
  • Dec 1, 2008 6:06am Dec 1, 2008 6:06am
Quoting micho
hey did you get out of your shorts at 1.51xx??
YESSSSSSSSSS...I GOT 600 $ TODAY, I THANKS GOD I WASN`T ON TRADING THIS DAY UNTILL IT REACHED 1.5050 WHEN I CLOSED IT...IF I WHERE BEFORE I WAS PLANING TO CLOSE IT FOR 10 PIPS...THIS IS MY BAD ENTERY BAD EXIT STRATIGY!!!1
what you get in the wind goes through the storms
  • #102,569
  • Dec 1, 2008 6:07am Dec 1, 2008 6:07am
Quoting uafx
SL at breakeven... lets see where to go now...
well it touched the first target at 16.. now it may go either ways... but i favor some retracement up from here
When life gives you lemons, make lemonade
  • #102,570
  • Edited 6:19am Dec 1, 2008 6:07am | Edited 6:19am
Quoting manize
Ups I went short 1.5040 ! Closed +20 pips !
I would collect...

I think this is a bounce on the 61.8 (1.5019) of the big up on 21st Nov.

Just my opinion...
  • #102,571
  • Dec 1, 2008 6:08am Dec 1, 2008 6:08am
Quoting i.shawish
YESSSSSSSSSS...I GOT 600 $ TODAY, I THANKS GOD I WASN`T ON TRADING THIS DAY UNTILL IT REACHED 1.5050 WHEN I CLOSED IT...IF I WHERE BEFORE I WAS PLANING TO CLOSE IT FOR 10 PIPS...THIS IS MY BAD ENTERY BAD EXIT STRATIGY!!!1
lol nice congrats
When life gives you lemons, make lemonade
  • #102,572
  • Dec 1, 2008 6:08am Dec 1, 2008 6:08am
Quoting plumiash
lol!

then good for you now..
Yeah.... -20 + 10 + 20 = + 10 pips gain sofar !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #102,573
  • Dec 1, 2008 6:15am Dec 1, 2008 6:15am
Quoting manize
Yeah.... -20 + 10 + 20 = + 10 pips gain sofar !
then +10 +10 +10........ =+200 like friday.. lol..
  • #102,574
  • Dec 1, 2008 6:20am Dec 1, 2008 6:20am
Quoting micho
lol nice congrats
THANKS BRO...I AM SEARCHING FOR AN INDECATOR THAT I CAN USE IT FOR SMALL LOSS..I AM TIRED FROM MAKING THE ORDER AND LOOSING 300 PIPS AND WAITING DAYS TO GET MY PROFIT..MY TRADING LOOKS LIKE INVESTMENT NOT BROKING!!!
what you get in the wind goes through the storms
  • #102,575
  • Dec 1, 2008 6:22am Dec 1, 2008 6:22am
Quoting uafx
SL at breakeven... lets see where to go now...
until now it gave you 3 chances to close at 16 you greedy boy i dunno if it will give you more chances
When life gives you lemons, make lemonade
  • #102,576
  • Dec 1, 2008 6:23am Dec 1, 2008 6:23am
cant wait.....long at 1.5025
  • #102,577
  • Dec 1, 2008 6:24am Dec 1, 2008 6:24am
If 1.5000 is gobbled up, where will it go to, any ideas?
Just my 2 cents worth
  • #102,578
  • Dec 1, 2008 6:28am Dec 1, 2008 6:28am
Quoting gagakrimba
cant wait.....long at 1.5025
Ups ... I wait a new candle M15 open above 10 ema !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #102,579
  • Dec 1, 2008 6:29am Dec 1, 2008 6:29am
Quoting micho
until now it gave you 3 chances to close at 16 you greedy boy i dunno if it will give you more chances
well... today 100pips already made, this one is at +12 SL... so I will give it a try...

and I consider a pending short order below 1.5... 1.498 maybe?
  • #102,580
  • Dec 1, 2008 6:31am Dec 1, 2008 6:31am
...and below 1.5...
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Ahsan