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Cable Update (GBPUSD)

  • #135,081
  • Jun 2, 2009 4:59am Jun 2, 2009 4:59am
Quoting paul czech
i agree,but i think,that sl i minimal....i think sl 1,66 is ok
165.60 will suffice I think. Lets see.
  • #135,082
  • Jun 2, 2009 5:00am Jun 2, 2009 5:00am
woot sold 6499 with sl at BE now . scary scary!
  • #135,083
  • Jun 2, 2009 5:02am Jun 2, 2009 5:02am
Quoting jack.canadia
woot sold 6499 with sl at BE now . scary scary!
you meanyou buy at 6499???


Ub
  • #135,084
  • Jun 2, 2009 5:03am Jun 2, 2009 5:03am
Quoting jack.canadia
woot sold 6499 with sl at BE now . scary scary!
what do u think jack, 65+?
  • #135,085
  • Jun 2, 2009 5:03am Jun 2, 2009 5:03am
Quoting ubaidahsan
you meanyou buy at 6499???


Ub
buying at that price would be dumb .. i SHORTED 6499
  • #135,086
  • Jun 2, 2009 5:05am Jun 2, 2009 5:05am
Quoting jack.canadia
buying at that price would be dumb .. i SHORTED 6499
ohh so you shorted now right?but high is 6498 so its scary scary


Ub
  • #135,087
  • Jun 2, 2009 5:05am Jun 2, 2009 5:05am
Quoting 4xHero
what do u think jack, 65+?
im just goind to keep moving the stop down a bit every 10 pips or so .. locked in 5 for now .. risky trade but i couldnt resist it
  • #135,088
  • Jun 2, 2009 5:06am Jun 2, 2009 5:06am
Quoting ubaidahsan
ohh so you shorted now right?but high is 6498 so its scary scary


Ub
i am short from 6499 .. high on my platform was 6502
  • #135,089
  • Jun 2, 2009 5:09am Jun 2, 2009 5:09am
Quoting jack.canadia
i am short from 6499 .. high on my platform was 6502
oopss my plateform is wrong sorry..but i missed it what do u say can go short or again wait for it?

Ub
  • #135,090
  • Jun 2, 2009 5:11am Jun 2, 2009 5:11am
Quoting ubaidahsan
oopss my plateform is wrong sorry..but i missed it what do u say can go short or again wait for it?

Ub

Too late now, the trend is still up anyway ... this is just how i trade, both directions .. like the market .. 6500 is a big level and i didnt expect it to breakdown after having been tested only once
  • #135,091
  • Jun 2, 2009 5:11am Jun 2, 2009 5:11am
possible double top formation on 1H chart anyone??
  • #135,092
  • Jun 2, 2009 5:12am Jun 2, 2009 5:12am
Quoting Ferick
Daily RSI is at 83- been here only 5 times in the last 7 years. It has run 2100 pips without any pull back. I am short at 164.50. SL above 165. Target 161

Nice rejection at 165! Bodes well for Shorts.
  • #135,093
  • Jun 2, 2009 5:13am Jun 2, 2009 5:13am
Quoting amir.ishak
possible double top formation on 1H chart anyone??
possible ... wait for a pullback to short if u think its a double top
  • #135,094
  • Jun 2, 2009 5:14am Jun 2, 2009 5:14am
Quoting Ferick
Nice rejection at 165! Bodes well for Shorts.
but in US session it will touch 65 again may be will break 6530..
let see what happens


Ub
  • #135,095
  • Jun 2, 2009 5:14am Jun 2, 2009 5:14am
Well done Jack. You have done well with this trade. Hope you make a bundle mate.
You've got to be IN IT to WIN IT!
  • #135,096
  • Jun 2, 2009 5:17am Jun 2, 2009 5:17am
Quoting amir.ishak
possible double top formation on 1H chart anyone??
But that second candle closed higher then the first one... usually that means that there is gonna be a new high...lets see what happens.
  • #135,097
  • Jun 2, 2009 5:18am Jun 2, 2009 5:18am
Quoting ubaidahsan
but in US session it will touch 65 again may be will break 6530..
let see what happens


Ub
Unless there is some suprisingly good news today, I dont see technically why 6500 should break.
  • #135,098
  • Jun 2, 2009 5:19am Jun 2, 2009 5:19am
Quoting 4xHero
But that second candle closed higher then the first one... usually that means that there is gonna be a new high...lets see what happens.
Not usually .. nothing lines up perfectly in forex .. a double top can occur with two tops that are 10 pips different from one another
  • #135,099
  • Jun 2, 2009 5:27am Jun 2, 2009 5:27am
Quoting jack.canadia
Not usually .. nothing lines up perfectly in forex .. a double top can occur with two tops that are 10 pips different from one another
Wow I was away for two hours and look what's happened to cable! My previous short at 1.6410 break got stopped out at BE. Now shorted at 1.6495. I've moved my sl to BE again. But Jack, or anyone else, can you explain to me how to do trailing stops? Where should my trailing stop be now? I normally just keep moving it down but sometimes, I find that I get stopped prematurely.
  • #135,100
  • Jun 2, 2009 5:38am Jun 2, 2009 5:38am
seems i missed big short time in GB and also EU
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