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Cable Update (GBPUSD)

  • #106,001
  • Dec 11, 2008 4:38am Dec 11, 2008 4:38am
Just close another percentage of my daily long..

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  • #106,002
  • Dec 11, 2008 4:41am Dec 11, 2008 4:41am
Quoting Shermenator
Just close another percentage of my daily long..

Attachment
hoping to do what next?i removed the sell limit based on the advice u and alcando gave,hope it pays off,been scalping thru the whole morning
  • #106,003
  • Dec 11, 2008 4:47am Dec 11, 2008 4:47am
Quoting Shermenator
Just close another percentage of my daily long..

Attachment
Good job ! Let us test your pivot resistance 1.5000 next !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #106,004
  • Dec 11, 2008 4:49am Dec 11, 2008 4:49am
possibly good setup on GU, pullback from 1.5 to 1.4950-60 level before continuation as 1.5 seems to be a tough nut to crack atm. stop 20 pip max.
  • #106,005
  • Dec 11, 2008 4:55am Dec 11, 2008 4:55am
Just bear in mind, we are not saying don't sell, just dont use an arbitrary level. If you identify levels of high resistance and sell/buy as close to those as possible, you can place the trade with the security of knowing that others are looking at the same levels and you will have time to assess whether you either have a successful trade without it rocketing past your entry level.
15000-7 is a big level. Watch for action on that level for a possible short.. but it does like it may go thru it If you are looking for a buy, think about letting it bounce off that level, wait for the retrace and then buy. The dollar is weakening across all the pairs at the moment but that could change in a blink.

Just suggestions, the trade is yours to call. Please don't stake your hard earned real money on other people's analysis in here. It is a discussion forum.


Quoting determined
hoping to do what next?i removed the sell limit based on the advice u and alcando gave,hope it pays off,been scalping thru the whole morning
Ride the Bulls bearback!
  • #106,006
  • Dec 11, 2008 5:00am Dec 11, 2008 5:00am
Quoting manize
Good job ! Let us test your pivot resistance 1.5000 next !
Yep will get some sell limit orders at that point...
  • #106,007
  • Dec 11, 2008 5:00am Dec 11, 2008 5:00am
Quoting alcando
Just bear in mind, we are not saying don't sell, just dont use an arbitrary level....
Good adivce !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #106,008
  • Dec 11, 2008 5:02am Dec 11, 2008 5:02am
Fibbs are powerfull if you can master them...

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  • #106,009
  • Dec 11, 2008 5:11am Dec 11, 2008 5:11am
this is where i shorted...acted just like Fido Dido Hair ....now after he finish drinking his 7 up...i am looking to long
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  • #106,010
  • Dec 11, 2008 5:16am Dec 11, 2008 5:16am
Bye bye for lunch now.
Love all of you in this G/U thread.
Hoping to jump in Long again after meal.
Give me patience
  • #106,011
  • Dec 11, 2008 5:28am Dec 11, 2008 5:28am
Quoting Shermenator
Fibbs are powerfull if you can master them...

Attachment
wow youre good bro.
I'll be your fan from now on
  • #106,012
  • Dec 11, 2008 5:29am Dec 11, 2008 5:29am
Quoting alcando
Hi Beeps.

We have quite a few players keen to meet up in the New Year. Should be good banter and quite beneficial to all. If there are any more London Forex traders who want to meet up with us please PM.

The week has been fine. Made most of the week's target on monday. The rest of the week has been a bit tough trading. Hope you finding yourself on the right side of her.
had a mediocre Monday after missing the main move, tues was better, weds better still - but hard work scalping the sucker, today has been good, hit my weekly target at 10:30 am, so i can have friday off,

tend to make mistakes on a Friday, it can get crazy,

waiting for one last entry today, the wassock is wibbling at the moment, but should rise presently...?

do you trade the Eur/USD ?
  • #106,013
  • Dec 11, 2008 5:35am Dec 11, 2008 5:35am
Quoting LuckyLurker
Holding longs from 4695 .. Targeting 5200 .. SL BE +0
Still holding but SL moved to 4795 and locked.
USD Est Non Mortuus
  • #106,014
  • Dec 11, 2008 6:00am Dec 11, 2008 6:00am
Quoting LuckyLurker
Still holding but SL moved to 4795 and locked.
Excellent, I do not have enough patience to keep position so long as you.
Give me patience
  • #106,015
  • Dec 11, 2008 6:00am Dec 11, 2008 6:00am
I tend to stick with cable but lately I find myself enjoying the EurUSD moves more and may switch allegiance. It's incredible to see the EurUSD maintaining a constant uptrend while Cable gets batted back down. The two uses to be like estranged twins... GBP is not a happy currency now tho and is getting fed the dog's scraps. I am eyeing a short on Eurusd at 13215 an I am hoping a bounce will help to bring cable back down.



Quoting Beeps
had a mediocre Monday after missing the main move, tues was better, weds better still - but hard work scalping the sucker, today has been good, hit my weekly target at 10:30 am, so i can have friday off,

tend to make mistakes on a Friday, it can get crazy,

waiting for one last entry today, the wassock is wibbling at the moment, but should rise presently...?

do you trade the Eur/USD ?
Ride the Bulls bearback!
  • #106,016
  • Dec 11, 2008 6:09am Dec 11, 2008 6:09am
Quoting LuckyLurker
Holding longs from 4695 .. Targeting 5200 .. SL BE +0

Still holding but SL moved to 4795 and locked.
Increasing Target to 1.5330
USD Est Non Mortuus
  • #106,017
  • Dec 11, 2008 6:12am Dec 11, 2008 6:12am
EUR has jumped up strongly, but Gbp has not been strong enough, maybe now it is Gbp 's turn to jump. ha ha.
Give me patience
  • #106,018
  • Dec 11, 2008 6:15am Dec 11, 2008 6:15am
Alcando. Why is 13215 eur/usd good shorting place?
  • #106,019
  • Dec 11, 2008 6:16am Dec 11, 2008 6:16am
Quoting LuckyLurker
Increasing Target to 1.5330
1.5330 ?
When do you expect to reach that target ?
  • #106,020
  • Dec 11, 2008 6:17am Dec 11, 2008 6:17am
Quoting Bullfx
EUR has jumped up strongly, but Gbp has not been strong enough, maybe now it is Gbp 's turn to jump. ha ha.
I would rather she fly than she jump
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