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Cable Update (GBPUSD)

  • #108,361
  • Dec 22, 2008 9:04am Dec 22, 2008 9:04am
Quoting ferndog
Right now at 1.4960. I think the cable goes down to 1.4750. The middle BB at about 1.5050 i would use as SL.
Closed trade at 1.4700 for a gain of +260 pips
  • #108,362
  • Dec 22, 2008 9:15am Dec 22, 2008 9:15am
Quoting ferndog
Closed trade at 1.4700 for a gain of +260 pips
Nice trade.....

Went short @ 4805, took profit, SL @ +2!

I'm done for today!!!

HOLLA
  • #108,363
  • Dec 22, 2008 10:02am Dec 22, 2008 10:02am
Hello...

cable possibly going to weekly target 1.451x, stop loss very high at 1.57... some supports on the way...
When life gives you lemons, make lemonade
  • #108,364
  • Dec 22, 2008 10:05am Dec 22, 2008 10:05am
Quoting micho
Hello...

cable possibly going to weekly target 1.451x, stop loss very high at 1.57... some supports on the way...
It will go to 1.5701 and then plunge

It's called sod's law, and operates at all times
  • #108,365
  • Dec 22, 2008 10:12am Dec 22, 2008 10:12am
Quoting allserene
It will go to 1.5701 and then plunge

It's called sod's law, and operates at all times
hi al,

maybe thats why i wrote stop at 1.57

hope your Christmas season is good
When life gives you lemons, make lemonade
  • #108,366
  • Dec 22, 2008 10:27am Dec 22, 2008 10:27am
Quoting allserene
It will go to 1.5701 and then plunge

It's called sod's law, and operates at all times
If it is going to 1.5701 then better long now
  • #108,367
  • Dec 22, 2008 10:31am Dec 22, 2008 10:31am
Quoting gagakrimba
If it is going to 1.5701 then better long now
I entered long @ 1.4710.
This time i'm gonna hold a bit longer and not close @ 1.4770 like earlier
  • #108,368
  • Dec 22, 2008 10:37am Dec 22, 2008 10:37am
Quoting gagakrimba
I entered long @ 1.4710.
This time i'm gonna hold a bit longer and not close @ 1.4770 like earlier
My TP is 1.4830
  • #108,369
  • Dec 22, 2008 10:50am Dec 22, 2008 10:50am
Quoting micho
hi al,

maybe thats why i wrote stop at 1.57

hope your Christmas season is good
Misunderstood - thought you were going short..

market is tricky so playing shares until it makes its mind up....

My mind is preoccupied as I am off for my first American Doctor's check up and i know they root about in your cat flap etc....

I wonder if he will find that half crown I lost in 1971

Then back to the forexing....
  • #108,370
  • Dec 22, 2008 11:02am Dec 22, 2008 11:02am
Quoting gagakrimba
My TP is 1.4830
Dont feel comfortable.
Close at 1.4810.
I know i'm gonna regret this but 100 pips is a 100 pips
  • #108,371
  • Dec 22, 2008 11:02am Dec 22, 2008 11:02am
Quoting gagakrimba
My TP is 1.4830
Dont feel comfortable.
Close at 1.4800.
I know i'm gonna regret this but +90 pips is good enough
  • #108,372
  • Dec 22, 2008 11:45am Dec 22, 2008 11:45am
Looks like she is moving north....damned
  • #108,373
  • Edited 12:44pm Dec 22, 2008 12:18pm | Edited 12:44pm
Right now i would not go long. Only if it makes a significant break up would i go long. Right now too much downside pressure.
  • #108,374
  • Dec 22, 2008 1:36pm Dec 22, 2008 1:36pm
Been preoccupied by the chop in euro.
Cable has moved up nicely over the past few hours.Anyone shorting from here?
  • #108,375
  • Dec 22, 2008 2:13pm Dec 22, 2008 2:13pm
Quoting trader2160
Been preoccupied by the chop in euro.
Cable has moved up nicely over the past few hours.Anyone shorting from here?
I think i will hang back a while and wait until Asia and Europe Sessions before deciding on the next move.
"The trend is your friend, until the end."
  • #108,376
  • Dec 22, 2008 2:56pm Dec 22, 2008 2:56pm
Quoting trader2160
Been preoccupied by the chop in euro.
Cable has moved up nicely over the past few hours.Anyone shorting from here?
Im also thinking about going short today...
  • #108,377
  • Dec 22, 2008 3:04pm Dec 22, 2008 3:04pm
Quoting ForexRookie
I think i will hang back a while and wait until Asia and Europe Sessions before deciding on the next move.
yeah this is only good for scalps.
  • #108,378
  • Dec 22, 2008 3:06pm Dec 22, 2008 3:06pm
Quoting pipexplorer1
Im also thinking about going short today...
Just be careful.Its been very choppy and the spreads are too wide now that were near the close.
  • #108,379
  • Dec 22, 2008 3:21pm Dec 22, 2008 3:21pm
Quoting trader2160
Just be careful.Its been very choppy and the spreads are too wide now that were near the close.
Yes....that's true
  • #108,380
  • Dec 22, 2008 3:29pm Dec 22, 2008 3:29pm
hey you guys! you are doing a very good job. keep it up....
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