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Cable Update (GBPUSD)

  • #123,681
  • Feb 26, 2009 7:20am Feb 26, 2009 7:20am
With the news in 10 minutes, you may want to lock your stop to BE as you could see some volatility which may see you in big profits or a running loss.

Quoting mseaz9
Should i let it run?
or close?
Ride the Bulls bearback!
  • #123,682
  • Feb 26, 2009 7:31am Feb 26, 2009 7:31am
news out, much worse than expected
  • #123,683
  • Feb 26, 2009 7:31am Feb 26, 2009 7:31am
Fly Babe Fly

Core Durable Goods Orders m/m
-2.5%-2.1%
-3.9%

4:30pmUSD
Unemployment Claims
667K628K
627K

4:30pmUSD
Durable Goods Orders m/m
-5.2%-2.4%
-3.0%


LOOOOL
  • #123,684
  • Feb 26, 2009 7:35am Feb 26, 2009 7:35am
Took a short on the 15m s/l at b/e

1.4341.
  • #123,685
  • Feb 26, 2009 7:37am Feb 26, 2009 7:37am
Quoting Si Tr4d3r
Took a short on the 15m s/l at b/e
SHORT !!! did you check the US news!!! what type or indicator you use that give you this position
  • #123,686
  • Feb 26, 2009 7:37am Feb 26, 2009 7:37am
Quoting Abuawad
Fly Babe Fly

Core Durable Goods Orders m/m
-2.5% -2.1%
-3.9%

4:30pm USD
Unemployment Claims
667K 628K
627K

4:30pm USD
Durable Goods Orders m/m
-5.2% -2.4%
-3.0%


LOOOOL
I thought becasuse of the risk averse, bad US news is bearish for Cable.
  • #123,687
  • Feb 26, 2009 7:38am Feb 26, 2009 7:38am
Quoting Abuawad
its your call..
you can but a moving SL. on the first buy position from 1.4311 so that you will be locking the profit more than the planed for that call, in the same way on the entry of the 2nd call.
but this is my personal recommendation you can take it or leave it.

I took 25 pips and ran !! lol n e how i gotta learn to wait for a proper close..n e ways i am learning soo much and using ure entry . i must say they are spot on . i hope you continue to post till i can properly come out with the same entry as you. Here is the second sell yesterday took a much better entry...on a DHLC ...

Keep posting !! even though this trade is turning back ...i took 25 pips...learning and ure a BIG help.

Thank YOu
Attached Image (click to enlarge)
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  • #123,688
  • Feb 26, 2009 7:39am Feb 26, 2009 7:39am
Quoting leu02cz
I thought becasuse of the risk averse, bad US news is bearish for Cable.
Yes, good job man.
The market is always right, but it is not never wrong!!!
  • #123,689
  • Feb 26, 2009 7:39am Feb 26, 2009 7:39am
Quoting leu02cz
I thought becasuse of the risk averse, bad US news is bearish for Cable.
Lets see here is the entry for the 2nd buy orders.
  • #123,690
  • Feb 26, 2009 7:41am Feb 26, 2009 7:41am
Abuawad are you entering the same trade again?
  • #123,691
  • Feb 26, 2009 7:42am Feb 26, 2009 7:42am
well my run has ended @4300. +250 on the green
I have one minilot trade left for the month.
Good luck everyone
Thank You
  • #123,692
  • Feb 26, 2009 7:45am Feb 26, 2009 7:45am
Quoting Abuawad
SHORT !!! did you check the US news!!! what type or indicator you use that give you this position
Price action on the 15m candle, entered on opening of next candle,

s/l at b/e so no worries wich way it goes..

lol. as I say it there it goes, should have taken the 30 pips offered..
  • #123,693
  • Feb 26, 2009 7:52am Feb 26, 2009 7:52am
will it break the 65 2day high?
  • #123,694
  • Feb 26, 2009 7:58am Feb 26, 2009 7:58am
Hi everyone, I'm a newbie here but been following the posts her for a while. Just wanted to say to all keep up the good work. A place where traders share ideas and opinions is always a good thing.

Been long since 1.4271, looking to TP at 1.4421 but can see some resistance at around 1.4400 area. May pull back a bit but looking very bullish ATM. Good luck to all !!
  • #123,695
  • Feb 26, 2009 7:59am Feb 26, 2009 7:59am
Quoting nAVIN2007
not at all
signal ws the the 4hr candle bullish outside bar and mini support held to go up...we approaching resistance thou...it was in fairness a stupid entery, i bought right where it could have been rejected but the 4hr candle gave me a chance

Its good to see you on top of your game!!.. I was around on your first week of your game here.. It's cool to see you around still and thanks for you charts that you post here
  • #123,696
  • Feb 26, 2009 8:01am Feb 26, 2009 8:01am
Quoting Si Tr4d3r
Price action on the 15m candle, entered on opening of next candle,

s/l at b/e so no worries wich way it goes..

lol. as I say it there it goes, should have taken the 30 pips offered..
Maybe you (and I) should take that.
It was another confirmation, that PIN bar at 15M (we got it at 8:15 EST) is good only for the length of the wick. Wick was from 4369 to 4345. I shorted at 4342. Should exit at 4318sh (actual 4315). Got stopped at BE.
  • #123,697
  • Feb 26, 2009 8:08am Feb 26, 2009 8:08am
Quoting Komissar
Maybe you (and I) should take that.
It was another confirmation, that PIN bar at 15M (we got it at 8:15 EST) is good only for the length of the wick. Wick was from 4269 to 4245. I shorted at 4242. Should exit at 4218sh (actual 4215). Got stopped at BE.
Too true my friend, I was watching the 5m chart and nearly jumped and reversed it when it hit the 5m 20ema on a doji wotnot signal I think its called.

Which incidentaly is at Abuwads BUY signal 1.4311 had I known that before I would definatley taken it..

Got greedy I guess
  • #123,698
  • Feb 26, 2009 8:13am Feb 26, 2009 8:13am
Big resistance coming at 1.4431
We'll sell it at that point
ROBOT FOREX
  • #123,699
  • Feb 26, 2009 8:17am Feb 26, 2009 8:17am
Hi guys, just tested the 50% fib level from yesterdays high to this morning low, decided to risk a short from 1.4380, small stop loss at 1.44, as the 15 min didn't close above that fib line. Hope all is well?
  • #123,700
  • Feb 26, 2009 8:19am Feb 26, 2009 8:19am
Quoting mcfx
Its good to see you on top of your game!!.. I was around on your first week of your game here.. It's cool to see you around still and thanks for you charts that you post here
yes still fighting...thank u
hows yur trading going bro?
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