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Cable Update (GBPUSD)

  • #111,341
  • Jan 14, 2009 2:28am Jan 14, 2009 2:28am
looking for short gu around 1.4730-1.4750
  • #111,342
  • Jan 14, 2009 2:30am Jan 14, 2009 2:30am
Quoting hanizad
looking for short gu around 1.4730-1.4750
why are you looking for a short there? And why would you try and fight this powerful upward movement?
  • #111,343
  • Jan 14, 2009 2:32am Jan 14, 2009 2:32am
Quoting 30pips
....hope is goin to break 4677,if not i'll keep my short!
I also prefer short here, despite the latest moves up.
  • #111,344
  • Jan 14, 2009 2:32am Jan 14, 2009 2:32am
dammit ... got off the bus and missed it at the next stop !
  • #111,345
  • Jan 14, 2009 2:34am Jan 14, 2009 2:34am
this upward movement is not convincing me.it move to fast and will end very soon.
  • #111,346
  • Jan 14, 2009 2:37am Jan 14, 2009 2:37am
Quoting hanizad
this upward movement is not convincing me.it move to fast and will end very soon.
fair enough 4700 is providing good resistance too at the moment but i think it might break through
  • #111,347
  • Jan 14, 2009 2:40am Jan 14, 2009 2:40am
Eu also hit trendline resistance at 1.3333 if it breaks through this resistance then cable should follow, but it isnt looking promising
  • #111,348
  • Jan 14, 2009 2:41am Jan 14, 2009 2:41am
my model show me 1.4750 is a good resistance.
  • #111,349
  • Jan 14, 2009 2:46am Jan 14, 2009 2:46am
Quoting hanizad
my model show me 1.4750 is a good resistance.
looking good now eu is crashing cant im surprised gu isnt following faster
  • #111,350
  • Jan 14, 2009 2:47am Jan 14, 2009 2:47am
the dollar is strenghthening lots!!! but this isnt effect cable hardly which is very weird, so i would be careful with shorts
  • #111,351
  • Jan 14, 2009 2:48am Jan 14, 2009 2:48am
We could take a short position at 1,4580. We will put the stop loss above 1,4710 (-130 pips). The targets are 1,4350 (+230 pips, risk/reward 1:1.8), 1,4250 (+330 pips, risk/reward 1:2.5) . Each trade is dangerous, take care and put your stop loss.
  • #111,352
  • Jan 14, 2009 2:52am Jan 14, 2009 2:52am
Quoting Galation
This is trending down beautifully. I can see this testing the 1.45 level and then bouncing off that to retrace back up.
Probability Professor
  • #111,353
  • Jan 14, 2009 3:07am Jan 14, 2009 3:07am
Quoting alfamichi
We could take a short position at 1,4580. We will put the stop loss above 1,4710 (-130 pips). The targets are 1,4350 (+230 pips, risk/reward 1:1.8), 1,4250 (+330 pips, risk/reward 1:2.5) . Each trade is dangerous, take care and put your stop loss.
good call!!
  • #111,354
  • Jan 14, 2009 3:09am Jan 14, 2009 3:09am
hmmm .. is that the end of the retrace ??
  • #111,355
  • Jan 14, 2009 3:32am Jan 14, 2009 3:32am
Im short @ 14574.4 with a tight sl @ 14623 and targets at 14544.4, 14534.4 & 14524.4
  • #111,356
  • Jan 14, 2009 3:32am Jan 14, 2009 3:32am
Quoting pipmyride
hmmm .. is that the end of the retrace ??
down to 1.44xx i think...
  • #111,357
  • Jan 14, 2009 3:34am Jan 14, 2009 3:34am
Hi all.Looks like I missed quite a bit of action.did any of you go short on this around 1.47?
  • #111,358
  • Jan 14, 2009 3:37am Jan 14, 2009 3:37am
Quoting trader2160
Hi all.Looks like I missed quite a bit of action.did any of you go short on this around 1.47?
morning, i closed my long at 4660 but i havent shorted it yet im still convinced its moving higher so i cant short until i clear that out of my head, i should prob just go back to sleep and wait for us core retail sales in 4 hours time
  • #111,359
  • Jan 14, 2009 3:38am Jan 14, 2009 3:38am
whats up buddy!
missed that, i was waiting to long, but lucky i never!
Keep It Simple Stupid
  • #111,360
  • Jan 14, 2009 3:39am Jan 14, 2009 3:39am
Quoting trader2160
Hi all.Looks like I missed quite a bit of action.did any of you go short on this around 1.47?
i was short from 1.4616... and pissing my pants when it went 1.47... was slow to put SL.... lucky it retraced... just to give me some green pips...
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