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Cable Update (GBPUSD)

  • #10,941
  • Apr 20, 2007 5:43am Apr 20, 2007 5:43am
Quoting Why Oh Why
2 long O/S at 2.0005.
95 pips insurance to cover potential stop risk at 1.9955. Locked in a guaranteed 45 pips on the original 5 long in a difficult market this week. Do your worst Big Bears. 1 lot O/S - SL and TP unchanged.
Do not focus on making money; focus on protecting what you have.
  • #10,942
  • Apr 20, 2007 5:43am Apr 20, 2007 5:43am
Quoting zobo
Thanks for clarifying. Now I understand.

I was thinking usually people will have slightly bigger SL when the TP is bigger. I got stopped out 3 times this week because my SL is 10 pips too small.

Enjoy your weekend too.
That keeps happening to me too. Was it just with GBP/USD? This pair seems to be a culprit for that. The subject of different behaviour for different currency pairs fascinates me at the moment. Perhaps there is a thread, or someone should start one. (At least someone who knows what they're talking about)
Have a good weekend. In fact I'm out of it for now, may hang around to observe and learn...
Gone to a better place
  • #10,943
  • Apr 20, 2007 5:51am Apr 20, 2007 5:51am
My chart looks similar to yours indicating South move. However zoom out a time frame and the trend still looks up!

Choices Choices
  • #10,944
  • Apr 20, 2007 5:56am Apr 20, 2007 5:56am
Quoting el_duende
My chart looks similar to yours indicating South move. However zoom out a time frame and the trend still looks up!
Choices Choices
Let's go north. Thank you Forex Gods - I know you'll be there for me. That's it ladies and gents - have a great weekend everyone. It's Friday lunch here for me and the weekend starts now.
Do not focus on making money; focus on protecting what you have.
  • #10,945
  • Apr 20, 2007 5:59am Apr 20, 2007 5:59am
Quoting coshbrewer
Yes 200 useful on all time frames even 1 minute chart where it gives indication of shortterm resistance/support

LOL....like this....
Attached Image (click to enlarge)
Click to Enlarge Name: gbp 1 m apr 20 6am.jpg Size: 51 KB
Trading Levels with WRBs
  • #10,946
  • Apr 20, 2007 6:00am Apr 20, 2007 6:00am
I went short so cable went north, so I closed the trade and reverse, and went long so the cable went south, I have nothing else to do
  • #10,947
  • Apr 20, 2007 6:02am Apr 20, 2007 6:02am
Quoting pino2
I went short so cable went north, so I closed the trade and reverse, and went long so the cable went south, I have nothing else to do
Let me know what you're going to do next, LOL.
Gone to a better place
  • #10,948
  • Apr 20, 2007 6:05am Apr 20, 2007 6:05am
A brake below 1.9950's will probably take pound to the 20's where buyers will jump in most likely
Whatever you do, just keep doing it in a dicipline manner.
  • #10,949
  • Apr 20, 2007 6:06am Apr 20, 2007 6:06am
Quote
Quote:
Originally Posted by pino2 http://www.forexfactory.com/images/buttons/viewpost.gif
I went short so cable went north, so I closed the trade and reverse, and went long so the cable went south, I have nothing else to do

Let me know what you're going to do next, LOL.

Tee Hee
  • #10,950
  • Apr 20, 2007 6:08am Apr 20, 2007 6:08am
Quoting beas5112
top of channel that had provided resistance in the past, now offering support at the moment
can u give u opinion for the gbp/usd and support @resistanca
  • #10,951
  • Apr 20, 2007 6:10am Apr 20, 2007 6:10am
Quoting pino2
I went short so cable went north, so I closed the trade and reverse, and went long so the cable went south, I have nothing else to do
This is called FRIDAY

  • #10,952
  • Apr 20, 2007 6:17am Apr 20, 2007 6:17am
This thread still scares me.
Trust price. Know yourself.
  • #10,953
  • Apr 20, 2007 6:18am Apr 20, 2007 6:18am
Quoting cesarnc
This is called FRIDAY


Is this called fundamental or technical analysis?
Gone to a better place
  • #10,954
  • Apr 20, 2007 6:30am Apr 20, 2007 6:30am
Quoting smikester



Is this called fundamental or technical analysis?
If you're looking in your calendar is techi. Confirming a strong fundi

  • #10,955
  • Apr 20, 2007 6:33am Apr 20, 2007 6:33am
Mishkin is due to speak at 16.30gmt as the sold USD focus.

Plan "all-out" ahead of this guy....
  • #10,956
  • Apr 20, 2007 6:53am Apr 20, 2007 6:53am
Seems to have settled at dail pivot point, 200 ema on 5 minute chart, 50 on the hour and doji on the daily with little to stir it in any direction so I'm calling it a day I also begin to sense a change in sentiment, european governments grumbling about euro strength, French elections this weekend euro might reach for it's high at 1.3680all effect the £ lots of housing data from uk early next week if strong may give £ a boost, see you all Monday - don't be late

monny a mickle macks a muckle
  • #10,957
  • Apr 20, 2007 7:01am Apr 20, 2007 7:01am
The past few days have consisted of setting up TLs and breaking them in a wavering range. A trend traders nightmare and a range traders dream.
  • #10,958
  • Apr 20, 2007 8:19am Apr 20, 2007 8:19am
GU is an "Euro" pair today...
  • #10,959
  • Apr 20, 2007 8:24am Apr 20, 2007 8:24am
I see the DJIAs up over 95 in pre-opening trading......wonder what that´ll do to cable.

BTW did anyone notice that there were 125 people logged onto this thread at UK news time!
Trading Levels with WRBs
  • #10,960
  • Apr 20, 2007 8:29am Apr 20, 2007 8:29am
WATCHOUT

[MORE ON US EMBASSY THREAT] A German newspaper says that an Iraqi group is planning such attacks (on the US embassy in Germany). If true, it seems the "insurgency" is now broadening its horizons and looking to hit US interests outside of Iraq. Since, the [USD] has ticked lower, but there has been no real selloff. The Iraqi group's plans caused the US to raise the threat level in Germany.
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