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Cable Update (GBPUSD)

  • #136,061
  • Jun 8, 2009 2:48pm Jun 8, 2009 2:48pm
Quoting jack.canadia
I still like 6130 though to short as well.
hey jack from where we can sit again for short any idea???

thanks

Ub
  • #136,062
  • Jun 8, 2009 2:49pm Jun 8, 2009 2:49pm
Quoting HotPips
What about 6300's? You said maybe we were coming back up.
We still could be? We might not be? I dont know, I dont move the damn thing!

I just look at the most probable technical setup and then wait.
  • #136,063
  • Jun 8, 2009 2:49pm Jun 8, 2009 2:49pm
Quoting ubaidahsan
hey jack from where we can sit again for short any idea???

thanks

Ub
You didnt short 6100?
  • #136,064
  • Jun 8, 2009 2:50pm Jun 8, 2009 2:50pm
Is anyone short right now? And from where?
  • #136,065
  • Jun 8, 2009 2:50pm Jun 8, 2009 2:50pm
Quoting jack.canadia
I like it!
what it's,short or long signal?
  • #136,066
  • Jun 8, 2009 2:51pm Jun 8, 2009 2:51pm
Short @ 1.6100...
  • #136,067
  • Jun 8, 2009 2:52pm Jun 8, 2009 2:52pm
Quoting paul czech
what it's,short or long signal?
The candle he was talking about was a bearish one .. But if you short now you may get a few then suffer some draw down ..

I had an order 6095 to short and was filled.
  • #136,068
  • Jun 8, 2009 2:53pm Jun 8, 2009 2:53pm
Quoting HotPips
Short @ 1.6100...


Now, do not let it turn into a loser, ok.
  • #136,069
  • Jun 8, 2009 2:53pm Jun 8, 2009 2:53pm
Maybe we retrace some from here, and back up 2nite, to 6130? and then down again.
  • #136,070
  • Jun 8, 2009 2:54pm Jun 8, 2009 2:54pm
Quoting jack.canadia


Now, do not let it turn into a loser, ok.
Thanks Jack, I will not, booked 30 pips, half of trade. Rest @ BE.
  • #136,071
  • Jun 8, 2009 2:55pm Jun 8, 2009 2:55pm
My order is still waiting at 6130. but it looks like it stoped at M1 rather then 38.2. for today...
  • #136,072
  • Jun 8, 2009 2:56pm Jun 8, 2009 2:56pm
Quoting HotPips
Maybe we retrace some from here, and back up 2nite, to 6130? and then down again.
Ya man anything is possible.

Honestly, we havent made a 38.2% retrace from the high yet, but we dont necessarily have to.

1.6230/40 looks great to short, but then again we may not get there?
  • #136,073
  • Jun 8, 2009 2:57pm Jun 8, 2009 2:57pm
Quoting Ges
My order is still waiting at 6130. but it looks like it stoped at M1 rather then 38.2. for today...
Yeah I expected it on a day like today .. Not much fundamental news .. just had a largee drop and bounced off a larger 38.2, which overlapped with M1 .. and judging the PA today, M3 seemed like a reasonable long target .. thus we would assume buyers are looking to sell back their longs, so i joined!
  • #136,074
  • Jun 8, 2009 2:58pm Jun 8, 2009 2:58pm
Quoting jack.canadia
The candle he was talking about was a bearish one .. But if you short now you may get a few then suffer some draw down ..

I had an order 6095 to short and was filled.
thanks,Jack
  • #136,075
  • Jun 8, 2009 2:59pm Jun 8, 2009 2:59pm
Personally I see good opportunity to short at 1.6080 (i will wait next hour candle to see PA at 1.6080 area).Otherwise we will have very fast down reverse at 1.6205 or 1.6235 with first target 1.5870 .
  • #136,076
  • Jun 8, 2009 2:59pm Jun 8, 2009 2:59pm
Quoting jack.canadia
Is anyone short right now? And from where?

Went short at 6064.

30 pip stop loss, but haven't chosen a tp as yet.
  • #136,077
  • Jun 8, 2009 3:00pm Jun 8, 2009 3:00pm
Quoting jack.canadia
You didnt short 6100?
i am holding 1 short from there since friday so what to do now??i havent closed that one today when that one showed me 300 i thought it will retest till 5950 and then can go back so was waiting and again market is on same point so what do you suggest hold that one or need to put any other pending sell limit please advice..

thanks for help

Ub
  • #136,078
  • Jun 8, 2009 3:01pm Jun 8, 2009 3:01pm
any ideas where first tp?
  • #136,079
  • Jun 8, 2009 3:01pm Jun 8, 2009 3:01pm
Short at 6075...full 300 pip run from todays lows once it peeked over 6100...ran 300 last Monday and then imploded...time for a little backfill here...
  • #136,080
  • Jun 8, 2009 3:01pm Jun 8, 2009 3:01pm
Quoting ubaidahsan
i am holding 1 short from there since friday so what to do now??i havent closed that one today when that one showed me 300 i thought it will retest till 5950 and then can go back so was waiting and again market is on same point so what do you suggest hold that one or need to put any other pending sell limit please advice..

thanks for help

Ub
Where are you short?
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