Cable Update (GBPUSD) | Page 5289 | 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)

  • #105,761
  • Dec 10, 2008 10:32am Dec 10, 2008 10:32am
I cant look at this GU chart anymore my head is spinning
  • #105,762
  • Dec 10, 2008 10:33am Dec 10, 2008 10:33am
i think this has to be the most crazy trade i ever been in..i havent got a clue about the direction and up and down 50 million times
  • #105,763
  • Dec 10, 2008 10:38am Dec 10, 2008 10:38am
Quoting PipLand
scalp scalp scalp
yes, been one of those days, just met my daily target, maybe one more for the pot tomorrow, i'm starting to get frazzled.... 'this way...then that' find it wearing when it's constant.

hope everyone else is up....?
  • #105,764
  • Dec 10, 2008 10:38am Dec 10, 2008 10:38am
Quoting nAVIN2007
i think this has to be the most crazy trade i ever been in..i havent got a clue about the direction and up and down 50 million times
flip a coin
  • #105,765
  • Dec 10, 2008 10:40am Dec 10, 2008 10:40am
Quoting Beeps
yes, been one of those days, just met my daily target, maybe one more for the pot tomorrow, i'm starting to get frazzled.... 'this way...then that' find it wearing when it's constant.

hope everyone else is up....?
yeah its been mad today for sure, done quite well out of it though, but i would rather just have some direction, ive changed my mind a million times today
  • #105,766
  • Dec 10, 2008 10:41am Dec 10, 2008 10:41am
Quoting manize
Temporary top in trading day ! Can not be compared with your very safe hold long at 1.4700 bro !
1.4700 ???
My long is @ 1.4750; 1.4775 & 1.4835 bro
  • #105,767
  • Dec 10, 2008 10:41am Dec 10, 2008 10:41am
Quoting Beeps
Ha...ha. NO... i'm not gonna touch that cheese, i'm just looking....honest,

actually, i am Mouse No2, sent out to 'recce'
Good thinking - information is the currency of power. In forex, I guess the equivalent to being the 2nd mouse is not going too soon, but waiting for an enormous move the 'wrong' way before whacking the position on...


One look at the daily chart tells us the trend, but hourly /15 min etc is confusing - so my next move has to be a short - but there might be some pain initially

second mouse would like an entry at 1.4960 if poss....
  • #105,768
  • Dec 10, 2008 10:54am Dec 10, 2008 10:54am
right took a step back and long look at the chart,

And have decided I will be looking for a long from 1.4780
  • #105,769
  • Dec 10, 2008 11:02am Dec 10, 2008 11:02am
Quoting allserene
Good thinking - information is the currency of power. In forex, I guess the equivalent to being the 2nd mouse is not going too soon, but waiting for an enormous move the 'wrong' way before whacking the position on...


One look at the daily chart tells us the trend, but hourly /15 min etc is confusing - so my next move has to be a short - but there might be some pain initially

second mouse would like an entry at 1.4960 if poss....
...now that is an extremely good guesstimate, have done 8 trades today and all of them retracement scalps.... but now my trigger finger is sore, so is my head, so i'm gonna drink my milk...get on my horse... and head off into the sunset

i try to get all the cheese in before 5, the rats come out after dark.

good luck if you're on the late shift guys, may the pips be with you.....

TTFN
  • #105,770
  • Dec 10, 2008 11:37am Dec 10, 2008 11:37am
Still can't break thro R1
  • #105,771
  • Dec 10, 2008 11:46am Dec 10, 2008 11:46am
looking for breakout to the upside still, and think it can happen today. soon in fact.
  • #105,772
  • Dec 10, 2008 12:13pm Dec 10, 2008 12:13pm
yes its romping up with the DOW so the only way is up just now

I am making 25% on my potash shares and rio tinto too....

I have a rule that I sell any share i make 25% on in 2 days !

When the Dow falls - in day or 2 ? the dollar will retrace upwards too

So the question is - is this DOW window dressing for the year end or will it retrace before ?

To be or not to be.....
  • #105,773
  • Dec 10, 2008 12:35pm Dec 10, 2008 12:35pm
HEY all
Sorry for my absence but been inundated with personal crap.
Haven't trade much for the last week, but over all i'm up.
Hope everybody has been killin this market. So far my post from Nov is prooving true for good trading in DEC. I had a feeling we'd be seeing
great trading and the market has been absolutly awesome. My shallower targets have been proving profitable as well.

I hope to be back in this group again for a while. I'm finally past some of my junk.
  • #105,774
  • Dec 10, 2008 12:37pm Dec 10, 2008 12:37pm
Quoting PipLand
right took a step back and long look at the chart,

And have decided I will be looking for a long from 1.4780

whats your target?
  • #105,775
  • Dec 10, 2008 12:56pm Dec 10, 2008 12:56pm
perfect correlation with the DOW

I just keep my DOW trading screen open and I know whats happening with the USD as its just following the DOW

might as well do DOW charts
  • #105,776
  • Dec 10, 2008 1:04pm Dec 10, 2008 1:04pm
She fails to break out R1 ! Now I am doubtfull, touches 1.5000 or 1.4500 first ! OK i take a rest ! See tomorrow on Asian session opening !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #105,777
  • Dec 10, 2008 1:12pm Dec 10, 2008 1:12pm
Quoting gagakrimba
Still can't break thro R1
I hope you feel comfortable with your 3 hold long ! Bye !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #105,778
  • Dec 10, 2008 1:18pm Dec 10, 2008 1:18pm
yess break out, ooops to the wrong side :9( suddenly im down 1.2% for the day, bring tuesday back please!!
  • #105,779
  • Dec 10, 2008 1:21pm Dec 10, 2008 1:21pm
yep - DOW comes back up into the black and so does the euro/gbp
are share traders trading dollars or forex traders trading shares ?

Its like an ant seeing someone come home from work at 4pm and noticing it goes dark then - and thinks the dark is caused by the person coming home

I think forex traders are too inward looking with their detailed charts and should factor likely moves on US shares into their trading
  • #105,780
  • Dec 10, 2008 1:33pm Dec 10, 2008 1:33pm
My G/u analysis

Buy low sell high.


There is one other area not at the lows that i might consider a long though.


Until then no cable trades having to much fun making pips with other currencies today
Attached Image (click to enlarge)
Click to Enlarge Name: journal entry 37.jpg Size: 75 KB
540 traders viewing now, 1 is registered: