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Cable Update (GBPUSD)

  • #112,001
  • Jan 15, 2009 10:34pm Jan 15, 2009 10:34pm
May i know you guys average SL?

I'm trying to figure the best setting to keep my ball in the game even whit a drawdown but can't take several big hit.

Survey: After how many pips you consider your entry wrong and out of coming back?
I do consider 40 a nice guess, no?

Thx
  • #112,002
  • Jan 15, 2009 11:53pm Jan 15, 2009 11:53pm
What do you guys's think? just broke 4800
  • #112,003
  • Jan 15, 2009 11:58pm Jan 15, 2009 11:58pm
Quoting TheProdigy
What do you guys's think? just broke 4800
She is moving her ass tonight!!!


HOLLA
  • #112,004
  • Jan 16, 2009 12:15am Jan 16, 2009 12:15am
gu will meet resistance at 1.4900.i don't think she will break during asian session and i hope she will break during us session.i will take short from there.
  • #112,005
  • Jan 16, 2009 12:30am Jan 16, 2009 12:30am
Hey guys, i think GU should reach 1.60 in next few days. its under a large correction of the bearish rally and correction usually happens in three waves. first wave started from 1.4350 went till 1.5350(a) then from 1.5350 to 1.4400(b) and now 1.4400 to 1.6000( atleast) (c) .

I am a newbie ... any views on this
  • #112,006
  • Jan 16, 2009 12:33am Jan 16, 2009 12:33am
what caused the huge spike in oil?
Keep It Simple Stupid
  • #112,007
  • Jan 16, 2009 12:34am Jan 16, 2009 12:34am
i'm went short gu at 1.4890 and tp 1.4700.
  • #112,008
  • Jan 16, 2009 12:35am Jan 16, 2009 12:35am
Quoting hemantaims
Hey guys, i think GU should reach 1.60 in next few days. its under a large correction of the bearish rally and correction usually happens in three waves. first wave started from 1.4350 went till 1.5350(a) then from 1.5350 to 1.4400(b) and now 1.4400 to 1.6000( atleast) (c) .

I am a newbie ... any views on this
before that happenss... hope for a small retracement... i am short from 4876...
  • #112,009
  • Jan 16, 2009 12:38am Jan 16, 2009 12:38am
Quoting Alastair
what caused the huge spike in oil?

No spike -- up only $2
At $35.49 right now
http://www.livecharts.co.uk/MarketCharts/crude.php
  • #112,010
  • Jan 16, 2009 12:39am Jan 16, 2009 12:39am
Quoting golatigo
No spike -- up only $2
At $35.49 right now
http://www.livecharts.co.uk/MarketCharts/crude.php
i have it @ 43.45!
Keep It Simple Stupid
  • #112,011
  • Jan 16, 2009 12:40am Jan 16, 2009 12:40am
Quoting hemantaims
Hey guys, i think GU should reach 1.60 in next few days. its under a large correction of the bearish rally and correction usually happens in three waves. first wave started from 1.4350 went till 1.5350(a) then from 1.5350 to 1.4400(b) and now 1.4400 to 1.6000( atleast) (c) .

I am a newbie ... any views on this

i think a test of the top of this channel possibly...especially on a daily. also on daily is 50 and 62 ema coming in as well at the top of recent channel...RSI sitting right at 50 mark as well...just my two ps though
  • #112,012
  • Jan 16, 2009 12:45am Jan 16, 2009 12:45am
long at 1.4858.
Keep It Simple Stupid
  • #112,013
  • Jan 16, 2009 12:54am Jan 16, 2009 12:54am
Quoting blurrcow
before that happenss... hope for a small retracement... i am short from 4876...
Thanks for your views.. i have been long from 4550 and adding long at every 100 pips up move.. i am averaging up. is this the right strategy to follow? or shall i close my positions.

help please.
  • #112,014
  • Jan 16, 2009 12:55am Jan 16, 2009 12:55am
Quoting Alastair
long at 1.4858.
how can you be long? if euro is up, so we should sell pound I guess
ROBOT FOREX
  • #112,015
  • Jan 16, 2009 12:57am Jan 16, 2009 12:57am
Quoting Forbes55
how can you be long? if euro is up, so we should sell pound I guess
why fight the trend?
Keep It Simple Stupid
  • #112,016
  • Jan 16, 2009 1:02am Jan 16, 2009 1:02am
Quoting Alastair
long at 1.4858.
Same here...long at 1.4820.
I think she is gonna break 1.4900 in london session... i hope
  • #112,017
  • Jan 16, 2009 1:08am Jan 16, 2009 1:08am
Quoting Atondra
Same here...long at 1.4820.
I think she is gonna break 1.4900 in london session... i hope
i have another one at 1.4824.
going for longer time frames.
Keep It Simple Stupid
  • #112,018
  • Jan 16, 2009 1:13am Jan 16, 2009 1:13am
Quoting Alastair
i have another one at 1.4824.
going for longer time frames.
don't you want to put another one at let's say 1.4810?
joke
ROBOT FOREX
  • #112,019
  • Jan 16, 2009 1:18am Jan 16, 2009 1:18am
Quoting Forbes55
don't you want to put another one at let's say 1.4810?
joke
it should not be going here so... no
Keep It Simple Stupid
  • #112,020
  • Jan 16, 2009 1:19am Jan 16, 2009 1:19am
Quoting Atondra
Same here...long at 1.4820.
I think she is gonna break 1.4900 in london session... i hope
what is your t/p on that?
Keep It Simple Stupid
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