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Cable Update (GBPUSD)

  • #135,121
  • Jun 2, 2009 10:21am Jun 2, 2009 10:21am
Dears

let us mention that the target is 1.6670 : 1.6690

So short from there

Quoting ubaidahsan
when you will short again?

Ub
  • #135,122
  • Jun 2, 2009 10:21am Jun 2, 2009 10:21am
I actually wait EURUSD or GBPUSD or both touch their resistance in the same time, to make short,

eur resistance already touched at 316 ( high 313 )

______________________

support resistance

.
  • #135,123
  • Jun 2, 2009 10:22am Jun 2, 2009 10:22am
Quoting jack.canadia
6680 looks next
so for now no trade or you will enter in long again after retracement i think market is retracing and making way to go more ..what do you say/?

Ub
  • #135,124
  • Jun 2, 2009 10:22am Jun 2, 2009 10:22am
perfect man

Quoting jack.canadia
6680 looks next
  • #135,125
  • Jun 2, 2009 10:25am Jun 2, 2009 10:25am
Quoting ubaidahsan
so for now no trade or you will enter in long again after retracement i think market is retracing and making way to go more ..what do you say/?

Ub
I've been in a USD/cad trade so im not really following G/U like a hawk .. I have an alert set for when price breaks 6600 then ill start thinking .. for now no trade for me
  • #135,126
  • Jun 2, 2009 10:31am Jun 2, 2009 10:31am
I close and take 30 pips

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_______________________

support resistance

.
  • #135,127
  • Jun 2, 2009 10:48am Jun 2, 2009 10:48am
going short @1.6528 , TP : 1.6552 .
  • #135,128
  • Jun 2, 2009 10:54am Jun 2, 2009 10:54am
Quoting medsfx
going short @1.6528 , TP : 1.6552 .
Are you sure about that TP?
Doh! I didn't mean to do that.
  • #135,129
  • Jun 2, 2009 11:03am Jun 2, 2009 11:03am
have just out from GB and EU...should really really really think hard
before short against them....especially our abnormal friend GB
- Always pray on your trading - God know the best for everyone
  • #135,130
  • Jun 2, 2009 11:03am Jun 2, 2009 11:03am
Quoting *Pipster*
Are you sure about that TP?
Maybe he means SL..
  • #135,131
  • Jun 2, 2009 11:10am Jun 2, 2009 11:10am
Quoting *Pipster*
Are you sure about that TP?
Ops' damn , my pips just gone with the wind.
  • #135,132
  • Jun 2, 2009 11:16am Jun 2, 2009 11:16am
Why do you say that GB is abnormal,maybe its just been undervalued,besides the $ is an equal driver here

Quoting kingindian
have just out from GB and EU...should really really really think hard
before short against them....especially our abnormal friend GB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #135,133
  • Jun 2, 2009 11:17am Jun 2, 2009 11:17am
Quoting kingindian
have just out from GB and EU...should really really really think hard
before short against them....especially our abnormal friend GB
shorting below 6500 was ok but it depended on where u shorted.
  • #135,134
  • Jun 2, 2009 11:17am Jun 2, 2009 11:17am
Quoting jack.canadia
shorting below 6500 was ok but it depended on where u shorted.
and when going countertrend .. you cant be selfish .. move the stop to BE as soon as possible and dont mess around
  • #135,135
  • Jun 2, 2009 11:25am Jun 2, 2009 11:25am
Quoting jack.canadia
and when going countertrend .. you cant be selfish .. move the stop to BE as soon as possible and dont mess around
the BE strategy that you told me before worked well jack. although sometimes it hit BE or BE + 5 its ok...small profit is better than big loss. Its been always profit day since my comeback (i didnt say big profit everyday)
- Always pray on your trading - God know the best for everyone
  • #135,136
  • Jun 2, 2009 11:27am Jun 2, 2009 11:27am
Quoting kingindian
the BE strategy that you told me before worked well jack. although sometimes it hit BE or BE + 5 its ok...small profit is better than big loss. Its been always profit day since my comeback (i didnt say big profit everyday)
good .. when the trade is in profit, why would you ever let it go against you?

i dont understand why some people do this but im sure you've read never to let a winner turn to a loser.
  • #135,137
  • Jun 2, 2009 11:39am Jun 2, 2009 11:39am
Quoting jack.canadia
good .. when the trade is in profit, why would you ever let it go against you?

i dont understand why some people do this but im sure you've read never to let a winner turn to a loser.
well...sometimes i think that after BE minus XXX , I hope it can return back....well then nightmare comes when it brings the number even far away!...
- Always pray on your trading - God know the best for everyone
  • #135,138
  • Jun 2, 2009 12:06pm Jun 2, 2009 12:06pm
long @ 6514 SL already moved at: 6530 1st target is 6580 and 2nd is 6650

Ub
  • #135,139
  • Jun 2, 2009 12:37pm Jun 2, 2009 12:37pm
welcoming 166....will it?
- Always pray on your trading - God know the best for everyone
  • #135,140
  • Jun 2, 2009 12:38pm Jun 2, 2009 12:38pm
Can look to short a failure at 6670 .. old daily high and monthly R1 pivot point.
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