Cable Update (GBPUSD) | Page 6237 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #124,721
  • Mar 4, 2009 10:44am Mar 4, 2009 10:44am
Quoting allserene
Dow 6878 up 149 and holding

If it holds towards the close then i reckon your scenario is right

If profit taking comes in, then cable will fall back

I am making bucket loads of cash on the DOW (nearly all miners and oil related companies) - but losing on my cable short which I have just pared back

Dow is just coming off a little
Al, it's been an incredible day for those of us who are heavily weighted in oil and mining stocks (phew!!!)

I have taken some profit before the close in London, as the price of copper has had an incredible run of late on the back of the latest Chinese stimulus plan about to be announced.
  • #124,722
  • Mar 4, 2009 10:45am Mar 4, 2009 10:45am
backed off the 5sma 141.77 on the daily, next hr. candle maybe a new attempt to break it.
  • #124,723
  • Mar 4, 2009 10:45am Mar 4, 2009 10:45am
nice area to short this ..
Thank You
  • #124,724
  • Mar 4, 2009 10:47am Mar 4, 2009 10:47am
Quoting BANDA
last evening I went long........at 1.400 ........I know you guys want to short so I am now going to raise my stop to 1.410..........I think this is heading to 1.43 ........there is gap around 1.43 from the beginning of the week..........
Good Job and nice decission ! Still in the long pressure area bro !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #124,725
  • Mar 4, 2009 10:48am Mar 4, 2009 10:48am
Quoting wormboy
nice area to short this ..
Agreed...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,726
  • Mar 4, 2009 10:48am Mar 4, 2009 10:48am
Quoting wormboy
nice area to short this ..
hahaha.... your posts must consist purely of a quick copy and paste job!

glad you've made nice profits this week, wormboy.
  • #124,727
  • Mar 4, 2009 10:50am Mar 4, 2009 10:50am
Quoting wormboy
nice area to short this ..
i agree wormboy, i've been shorting cable at 1.4165, tight SL 14185.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #124,728
  • Mar 4, 2009 10:54am Mar 4, 2009 10:54am
In one short so far, missed top on a pee break..sigh...believe there to be another run @ top before this day is over, will add to my position closed longs for now, will look to re-enter on way back up @ 1.4068
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,729
  • Mar 4, 2009 10:54am Mar 4, 2009 10:54am
Quoting gammase1
hahaha.... your posts must consist purely of a quick copy and paste job!

glad you've made nice profits this week, wormboy.
Lol, not all of them
Thank you sir. Hope you've made some for yourself as well.
Thank You
  • #124,730
  • Mar 4, 2009 10:56am Mar 4, 2009 10:56am
I was just lucky............I think I will short around 1.43 -1.45 .......still not sure.............as you all know economic numbers from U.K today......exceeded expectations to some extent ........and other thing is big boys like to hit stops .........when we all move in one direction........if we close above 1.4160 level today.........only way is to go long


Quoting allserene
Dow 6878 up 149 and holding

If it holds towards the close then i reckon your scenario is right

If profit taking comes in, then cable will fall back

I am making bucket loads of cash on the DOW (nearly all miners and oil related companies) - but losing on my cable short which I have just pared back

Dow is just coming off a little
BANDA333
  • #124,731
  • Mar 4, 2009 10:56am Mar 4, 2009 10:56am
Quoting Bull_Bear
i agree wormboy, i've been shorting cable at 1.4165, tight SL 14185.
Nice work, you won't prolly find a better price to pick if supposedly you're picking off a top
But, the sl is a bit tight innit?
Thank You
  • #124,732
  • Mar 4, 2009 10:58am Mar 4, 2009 10:58am
congrats for those who had braveness to short and the very top, but for a longer view i would say that i'm looking for a bottom to buy one more time.
I see this thing going up anyway to 4h 50 ema
  • #124,733
  • Mar 4, 2009 11:00am Mar 4, 2009 11:00am
Quoting gammase1
Al, it's been an incredible day for those of us who are heavily weighted in oil and mining stocks (phew!!!)

I have taken some profit before the close in London, as the price of copper has had an incredible run of late on the back of the latest Chinese stimulus plan about to be announced.
its mega Paul and even caterpillar is up 16.7% with a new s&p prediction of double where it is now !

I am not selling any of these stocks as I reckon $75 oil later this year (at least) plus demand for all metals will be back

The next BIG event will be GE which almost cooked (well share price is) and is paying 20% for loans and is seriously scary

USD is due for a huge walloping at some stage but it could be many months away

might risk 2 mins away from screen for a toasted bagel - i would give 10 quid for an english bacon sandwich instead of this rancid 100% fat bacon they have here


its all so exciting !
  • #124,734
  • Mar 4, 2009 11:06am Mar 4, 2009 11:06am
Quoting wormboy
Nice work, you won't prolly find a better price to pick if supposedly you're picking off a top
But, the sl is a bit tight innit?
If price turns back up and take out my SL @ 1.4185 than look for another shorting opportunity. Risk / Reward my friend
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #124,735
  • Mar 4, 2009 11:09am Mar 4, 2009 11:09am
Second batch of shorts for scalps entered, fall and hold below 8Ma on 5 min...

Shorts on EUR/JPY, GBP/USDx2, AUD/USD x2..
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,736
  • Mar 4, 2009 11:12am Mar 4, 2009 11:12am
is that a pin on the 15 min ?

could my short be saved after all ?

will Geithner be lynched ?
  • #124,737
  • Mar 4, 2009 11:18am Mar 4, 2009 11:18am
Quoting allserene
is that a pin on the 15 min ?

could my short be saved after all ?

will Geithner be lynched ?

Erin Burnett on CNBC coined it the "Geitner Gouge".
"Timing Is Everything. Really I Swear It Is"
  • #124,738
  • Mar 4, 2009 11:18am Mar 4, 2009 11:18am
Quoting allserene
is that a pin on the 15 min ?

could my short be saved after all ?

will Geithner be lynched ?
Depend on both of SL and TP !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #124,739
  • Mar 4, 2009 11:26am Mar 4, 2009 11:26am
Quoting allserene
is that a pin on the 15 min ?

could my short be saved after all ?

will Geithner be lynched ?
I wouldnt trust the 15 min charts
they're best 4 enty points,
  • #124,740
  • Mar 4, 2009 11:26am Mar 4, 2009 11:26am
Quoting TexasforEX
Erin Burnett on CNBC coined it the "Geitner Gouge".
she is just lovely - i never know what she has said though as my ears turn off as my brain diverts all its resources to my eyes. Even the muscles that hold my tongue in seem to fail

Come on cable, lets have a decision either way
313 traders viewing now, 1 is registered: