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Cable Update (GBPUSD)

  • #133,821
  • May 22, 2009 2:44am May 22, 2009 2:44am
aw hit my sl glad i put tight sl -42 already.. not good.
  • #133,822
  • May 22, 2009 2:48am May 22, 2009 2:48am
long 5770
  • #133,823
  • May 22, 2009 2:52am May 22, 2009 2:52am
wow that is very though decision, why r u long?if gu close below 750 its dangerous right?
besides, why dont just wait until the news come out? I will appreciate if u could give me an explanation
  • #133,824
  • May 22, 2009 2:54am May 22, 2009 2:54am
Quoting sreeprakash
Seems another correction is in progress before rebounding to upside.
Can expect 1.5760 soon.

(Dont follow my thoughts, its dangerous!)

I also expect it go to 1.5689 where 23.6% fibo.
Anyway, my pending sell is on 1.5864.
First target acquired!
Second in progress, but dont know.. Have SL..
ABCD..
  • #133,825
  • May 22, 2009 2:55am May 22, 2009 2:55am
I think it could fall much lower, if uk want to keep stress level at secret it means banks are in big trouble, so i will look for short entry. I think it is very important news, don't you?
  • #133,826
  • May 22, 2009 2:57am May 22, 2009 2:57am
hi

still my SL not hit and even if it hit ... trader must accept win or lose

and also for second time ... my view depend on my system ... maybe my

system is wrong or right ... but i ve to follow it ... becuase at the end of

month i got profit
  • #133,827
  • May 22, 2009 2:58am May 22, 2009 2:58am
wow, at least free already reserve some pips..
  • #133,828
  • May 22, 2009 2:58am May 22, 2009 2:58am
I see a couple of people here trading, and some taking quite substantial risks.

Is it not maybe one of those times where one should just turn your back and go away? Is it worth it to risk capital in a market like this where price is up with a 100 only to turn and slap you in the face?

In my opinion the risk is just not worth it. I have worked hard to build-up my capital. In any case, if I was trading I would be watching the following points:

For shorts break of 573x & for longs a break of the highs. But I will not risk going long on a break of the highs, not on a Friday and not after the rally of this week.

Just my 2 cents.
  • #133,829
  • May 22, 2009 2:59am May 22, 2009 2:59am
Quoting free4440273
long 5770
exit 5803
  • #133,830
  • May 22, 2009 2:59am May 22, 2009 2:59am
That was the easiest cable short EVAR.
  • #133,831
  • May 22, 2009 3:01am May 22, 2009 3:01am
Quoting mike_85
I see a couple of people here trading, and some taking quite substantial risks.

Is it not maybe one of those times where one should just turn your back and go away? Is it worth it to risk capital in a market like this where price is up with a 100 only to turn and slap you in the face?

In my opinion the risk is just not worth it. I have worked hard to build-up my capital. In any case, if I was trading I would be watching the following points:

For shorts break of 573x & for longs a break of the highs. But I will not risk going long on a break of...
Agreed, but I'm happy to just scalp this
  • #133,832
  • May 22, 2009 3:02am May 22, 2009 3:02am
it will go down more till 5715 i m waiting for it and then i will go long from there what do you think about it?

Ub
  • #133,833
  • May 22, 2009 3:04am May 22, 2009 3:04am
Quoting free4440273
exit 5803

Nice Work!
Hear the music before the song is over ...
  • #133,834
  • May 22, 2009 3:05am May 22, 2009 3:05am
Well done free, yes each trader onto his own. As they say, whatever works for you. I used to scalp a lot as well now it scares the hell out of me

Maybe I'm just getting to old for all this action.

Quoting free4440273
Agreed, but I'm happy to just scalp this
  • #133,835
  • May 22, 2009 3:06am May 22, 2009 3:06am
The lower the better, and I still hope cable didn't go back up touching 1.6 resistance.
  • #133,836
  • May 22, 2009 3:08am May 22, 2009 3:08am
Quoting arif_endro
The lower the better, and I still hope cable didn't go back up touching 1.6 resistance.
Why is that arif?
  • #133,837
  • May 22, 2009 3:09am May 22, 2009 3:09am
I have noticed that since we have been in an UPTREND from 1.3700, that every Thursday, for no real reason, the GBP goes to a new high and then on Friday's, it drops, just as it did last Thursday and Yesterday. Last Friday, we saw a 200 pip drop on the GBP after Thursday night's close so I had a SELL in this moring at 1.5880 and just closed it at Mid Point Line of 1.5757.

Just an observation for NEXT Thursday, not a rule. I did miss yesterday's run up as I wasn't confident to do a buy and then I missed the rally while making Dinner.
  • #133,838
  • May 22, 2009 3:10am May 22, 2009 3:10am
Quoting GlobalMacro
Nice Work!
Thanks GM; it was only a quick scalp but I'll take it.
  • #133,839
  • May 22, 2009 3:21am May 22, 2009 3:21am
Quoting ubaidahsan
it will go down more till 5715 i m waiting for it and then i will go long from there what do you think about it?

Ub
http://www.forexfactory.com/showpost...postcount=1131

Have a good one ub
Thank You
  • #133,840
  • May 22, 2009 3:27am May 22, 2009 3:27am
Quoting wormboy
http://www.forexfactory.com/showpost...postcount=1131

Have a good one ub
thanks bro its all buying time i will wait for it and will short again once it will reach on your target please don't forget to post once you entered any trade in GU

Ub
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