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Cable Update (GBPUSD)

  • #130,841
  • May 1, 2009 5:38am May 1, 2009 5:38am
pooh hasnt shown up yet
- Always pray on your trading - God know the best for everyone
  • #130,842
  • May 1, 2009 5:39am May 1, 2009 5:39am
Quoting Limstylz
Hi acid,

What made you short? Resistance, or based on FTSE too?
resistance line I drew on the 30 min chart and FTSE action which dident follow the run up
  • #130,843
  • May 1, 2009 5:40am May 1, 2009 5:40am
I just put my SL at 1.4975 buy stop at 1.5005, coz the euro is still kicking up...
  • #130,844
  • May 1, 2009 5:40am May 1, 2009 5:40am
Quoting acidburn123
resistance line I drew on the 30 min chart and FTSE action which dident follow the run up
neverless to add to all this all shorts are risky...
  • #130,845
  • May 1, 2009 5:45am May 1, 2009 5:45am
I might be tempted to short a bit later when US opens, if yesterdays high is not broken in the meantime. I don't have much confidence in GBP just yet and the move this morning may just be reactive to manufacturing news.

Quoting acidburn123
neverless to add to all this all shorts are risky...
  • #130,846
  • May 1, 2009 5:50am May 1, 2009 5:50am
Quoting Limstylz
I might be tempted to short a bit later when US opens, if yesterdays high is not broken in the meantime. I don't have much confidence in GBP just yet and the move this morning may just be reactive to manufacturing news.
yep my SL is a bit over yesterday's high, hope I am not wrong with my analysis.
  • #130,847
  • May 1, 2009 5:55am May 1, 2009 5:55am
Starting to consider reasons to go long. US manufacturing, may provide catalyst.
  • #130,848
  • May 1, 2009 6:00am May 1, 2009 6:00am
Quoting Limstylz
Starting to consider reasons to go long. US manufacturing, may provide catalyst.
problem is when new high's are not being made in a short while bears will go all over it.
  • #130,849
  • May 1, 2009 6:01am May 1, 2009 6:01am
Quoting acidburn123
problem is when new high's are not being made in a short while bears will go all over it.
I am short now with 8 CME contracts (equals 8 FX lots) average 1426
  • #130,850
  • May 1, 2009 6:03am May 1, 2009 6:03am
Quoting acidburn123
I am short now with 8 CME contracts (equals 8 FX lots) average 1426
correction 14926
  • #130,851
  • May 1, 2009 6:03am May 1, 2009 6:03am
Quoting acidburn123
correction 14926
just covered half 14900
  • #130,852
  • May 1, 2009 6:04am May 1, 2009 6:04am
Definitely something to consider. I'm currently flat, just trying to disseminate all courses of action.

Quoting acidburn123
problem is when new high's are not being made in a short while bears will go all over it.
  • #130,853
  • May 1, 2009 6:06am May 1, 2009 6:06am
pooh is coming to town?
the bear is out...
- Always pray on your trading - God know the best for everyone
  • #130,854
  • May 1, 2009 6:07am May 1, 2009 6:07am
Down you come good girl
  • #130,855
  • May 1, 2009 6:07am May 1, 2009 6:07am
I'm still standing aside... I'm a bit of a coward...

Quoting acidburn123
just covered half 14900
  • #130,856
  • May 1, 2009 6:08am May 1, 2009 6:08am
Quoting Limstylz
Definitely something to consider. I'm currently flat, just trying to disseminate all courses of action.
well my stops are now at BE, a mircale needs to happen for the run up to continue. will exit half at 14850
  • #130,857
  • May 1, 2009 6:09am May 1, 2009 6:09am
Quoting riggster
Down you come good girl
yep down down down...im cheerleading here...
- Always pray on your trading - God know the best for everyone
  • #130,858
  • May 1, 2009 6:19am May 1, 2009 6:19am
where is this correct going to? I'm going to try and get long around 4850
  • #130,859
  • May 1, 2009 6:23am May 1, 2009 6:23am
Quoting welshguy2000
where is this correct going to? I'm going to try and get long around 4850
Well 850 is 50% fib from that move up.

Im hoping she gets there...Shouldnt use that word sorry.
  • #130,860
  • May 1, 2009 6:28am May 1, 2009 6:28am
its up again a bit...
- Always pray on your trading - God know the best for everyone
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