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Cable Update (GBPUSD)

  • #105,541
  • Dec 9, 2008 4:08pm Dec 9, 2008 4:08pm
Quoting micho
al bundy hahaha
sup bro ...u on the boat?
  • #105,542
  • Dec 9, 2008 5:31pm Dec 9, 2008 5:31pm
Quoting nAVIN2007
sup bro ...u on the boat?

hey man
i dunno did i miss any boat??....

sideways all the week long, it sucks
When life gives you lemons, make lemonade
  • #105,543
  • Dec 9, 2008 5:37pm Dec 9, 2008 5:37pm
Quoting micho
hey man
i dunno did i miss any boat??....

sideways all the week long, it sucks


Its just tuesday. Patience Patience
  • #105,544
  • Dec 9, 2008 5:59pm Dec 9, 2008 5:59pm
cable make me housin.
  • #105,545
  • Dec 9, 2008 6:11pm Dec 9, 2008 6:11pm
Quoting nAVIN2007
short....im hoping this will break the low..
I was short as well, grabbed some more pips, Im glad to hear you've over come your emotional issues and are back at it too

Im thinking long from here, might open a position
  • #105,546
  • Dec 9, 2008 6:19pm Dec 9, 2008 6:19pm
The problems with GBPUSD today is practually a case of inconsistency in the economy of UK. I checked USD movement across all pairs and found it to be moving smoothly.

In actual fact, check on lower TF between 11:25 - 13:10GMT when the price was consolidation on GBPUSD other USD pairs like EURUSD and USDCHF shows that USD was weakening but GBP was not getting strong herself so it made the currency pair moving sideways.

I actually closed my trading platform at 13:00GMT and I checked just now to see some really serious moves of above 150 pips afterward.

It's better to watch a trading going smoothly and think you were in it than to be in a trade and thought you were out. It saves capital for another day.
Trading Just Got Easier...
  • #105,547
  • Dec 9, 2008 6:25pm Dec 9, 2008 6:25pm
Quoting PipLand
I was short as well, grabbed some more pips, Im glad to hear you've over come your emotional issues and are back at it too

Im thinking long from here, might open a position
im thinking long from here as well as new daily candle opened above 4h trendline, there is bullish triangle and once we break out of it it should fly - my target 1.5 for tomorrow. Also wednesdays usualy have big moves ( whichever direction it chooses) . And also, however less importnt, christmas rally should be starting soon that or collapse of dollar . But the main tell-tale sign for me is price action and it shows that gu has been quite reluctant to go down all day today ( who would sell large amounts at these low levels...). So I hope it can make some kind of rounded bottom during asian session and will try to catch breakout to the upside during london. If however it decides to slide below 4h trendline would be looking to short ( with tight stop) during london session.
  • #105,548
  • Dec 9, 2008 6:26pm Dec 9, 2008 6:26pm
i thinks, Cable will short again at 14788.
  • #105,549
  • Dec 9, 2008 6:44pm Dec 9, 2008 6:44pm
Quoting lexazver
im thinking long from here as well as new daily candle opened above 4h trendline, there is bullish triangle and once we break out of it it should fly - my target 1.5 for tomorrow. Also wednesdays usualy have big moves ( whichever direction it chooses) . And also, however less importnt, christmas rally should be starting soon that or collapse of dollar ....
Yeah I agree, its bouncing along this 4hr trend line quite nicely and yes it was very reluctant to go down i noticed this also and closed my short when the dow couldnt break daily fib 161.8, I know its early to call but im thinking more and more dollars days are numbered.

I took a long at 4765 just now, yen and eur are gaining
  • #105,550
  • Dec 9, 2008 6:49pm Dec 9, 2008 6:49pm
Quoting PipLand
Yeah I agree, its bouncing along this 4hr trend line quite nicely and yes it was very reluctant to go down i noticed this also and closed my short when the dow couldnt break daily fib 161.8, I know its early to call but im thinking more and more dollars days are numbered.

I took a long at 4765 just now, yen and eur are gaining
BE Sl hit, oh well time for bed no more trades, will be looking for that set up tomorrow, nite everyone
  • #105,551
  • Dec 9, 2008 8:02pm Dec 9, 2008 8:02pm
Bernanke Opposes Auto Aid Without Congress, Suggests Bankruptcy as Option Federal Reserve Chairman Ben S. Bernanke signaled opposition to extending central bank loans to automakers, saying that would fall outside its traditional duties and suggesting options including a bankruptcy reorganization.
Give me patience
  • #105,552
  • Dec 9, 2008 8:41pm Dec 9, 2008 8:41pm
I have decrease my risk in my daily gbpusd short....by about 150 pips....

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 27 KB
  • #105,553
  • Dec 9, 2008 8:57pm Dec 9, 2008 8:57pm
Quoting nAVIN2007
actually bro...nobody know where cable is going for sure, its all probability and i picked down, if it goes up then i picked the wrong direction, i have accepted my losses incase trades goes against me and im good...

trade what u see and right not to impose yur view because at best yur view is worth just what u think ..

happy trading homes.keep the good work up!
You talk sense here, Navin. (thumb up)
~*~You are only one trade away from humility~*~
  • #105,554
  • Dec 9, 2008 9:00pm Dec 9, 2008 9:00pm
Yep...I dont know if my daily short whant to collapse....but hey if it start shooting up I will have to start trading against my short and make money up....
  • #105,555
  • Dec 9, 2008 9:21pm Dec 9, 2008 9:21pm
I have a buy stop at 1.4785


I this get triggered you will see me start trading against my short and make some pips up...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 26 KB
  • #105,556
  • Dec 9, 2008 9:38pm Dec 9, 2008 9:38pm
Quoting Shermenator
I have a buy stop at 1.4785


I this get triggered you will see me start trading against my short and make some pips up...

Attachment
I see that on M1, I hope not bull trap !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #105,557
  • Edited 10:02pm Dec 9, 2008 9:47pm | Edited 10:02pm
Quoting Shermenator
I have a buy stop at 1.4785


I this get triggered you will see me start trading against my short and make some pips up...

http://www.forexfactory.com/attachme...1&d=1228879665
Putting Buy-stop in a way of hedging ur Short position??

Sonic
  • #105,558
  • Dec 9, 2008 9:49pm Dec 9, 2008 9:49pm
Quoting sonicdeejay
Putting Buy-stop in a way of hedging ur Short position??

Sonic
Nope...since my long has a limit and a stop of its own...I can loose in my long and loose in my short as well this rarely happends but it happends
  • #105,559
  • Dec 9, 2008 9:55pm Dec 9, 2008 9:55pm
I'll go long as long as M15 candle hold above 10ema, otherwise no !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #105,560
  • Dec 9, 2008 9:56pm Dec 9, 2008 9:56pm
Alright what I am doing is this...I have a long term short ....but in order for my short to get to the price I whant I know the market is going to trade against it...So what I do is take trades against that and make money as well since I will close my longs in profit ....and then when the market starts heading down I will add to my shorts if needed and then I can have 6-8 trades out of one entry making money in several directions...
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