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Cable Update (GBPUSD)

  • #137,141
  • Jun 15, 2009 6:31am Jun 15, 2009 6:31am
Quoting Geppyg
Trade 2 Short @ 1.6363 Target 30 pips
Came out with +29 pips this time
hahahaa

59 pips so far
Not bad

Now Trade 3:......
Let Price determine your future!
  • #137,142
  • Jun 15, 2009 6:31am Jun 15, 2009 6:31am
Quoting 4cfx
NY session could help us along either way. Personal preference is a break of 6307 as I'm holding short from 6380 .
It stay below the TL thou but trap between the weekly pivot. Break that more short to come
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  • #137,143
  • Jun 15, 2009 6:32am Jun 15, 2009 6:32am
So now I can only short around 6360 again......missed it damn....Lets
See
I know it will get there just waiting to click the tab....

Geppy
Let Price determine your future!
  • #137,144
  • Jun 15, 2009 6:36am Jun 15, 2009 6:36am
Quoting Geppyg
So now I can only short around 6360 again......missed it damn....Lets
See
I know it will get there just waiting to click the tab....

Geppy

I am not going to attempt to short it at 6360 as I think now it will go higher...Lets wait and see...
Let Price determine your future!
  • #137,145
  • Jun 15, 2009 6:38am Jun 15, 2009 6:38am
Quoting mloistianto
Come lets pray together bro....
Might get a surprise from US data.
  • #137,146
  • Jun 15, 2009 6:40am Jun 15, 2009 6:40am
I think if it breaks 370 we will see 415..

It seems to be building a base near 330 now....and this does not look good for shorts...also due to some wierd reason..The volume buying seems greater than selling......But is is consolidation so it does not count.....

Good Luck All
Let Price determine your future!
  • #137,147
  • Jun 15, 2009 6:47am Jun 15, 2009 6:47am
I think if it breaks 370 we will see 415..

It seems to be building a base near 330 now....and this does not look good for shorts...also due to some wierd reason..The volume buying seems greater than selling......But is is consolidation so it does not count.....

Good Luck All

Then cry me a river

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Just Newbie Need Guidance From The Expert
  • #137,148
  • Jun 15, 2009 6:52am Jun 15, 2009 6:52am
i am long from @16362 with tp @1.6371 @1.6388 @1.6418..I think the trend has changed.

Happy trading!
scorpionFX
  • #137,149
  • Jun 15, 2009 6:52am Jun 15, 2009 6:52am
In this scenario...If the 4 Hourly Bar closes below the 308 then woosh could be a big fall down to 240 like all have been calling...Makes sense...
We have tic data in exactly 60 mins....Trust me sometimes this report can make cable move...so hold on to your stops ....or make adjustments if you are already in positions...
Let Price determine your future!
  • #137,150
  • Jun 15, 2009 6:53am Jun 15, 2009 6:53am
Dont worry, experience is a very good teacher.. just hope us open will push cable back down again..

Since Kudrin says he optimistic about dollar as a benchmarking currency, Cable fell after US open... hope we could see it again today...
  • #137,151
  • Jun 15, 2009 6:58am Jun 15, 2009 6:58am
also the DJ futures are negative which is bad for dollar..so i think we are going up now..
  • #137,152
  • Jun 15, 2009 6:59am Jun 15, 2009 6:59am
Quoting scorpionFX
i am long from @16362 with tp @1.6371 @1.6388 @1.6418..I think the trend has changed.

Happy trading!
scorpionFX
What trend there is no up trend....
This is just consolidation my dear friend...and you are scalping the market....

I have shorts running from
1.6518,1.6474 and have added at 1.6374...
These are swing trades..
I am scalping in between on these ranges....

My overall target is 1.5700...so Lets see how this plays out.
Let Price determine your future!
  • #137,153
  • Jun 15, 2009 7:05am Jun 15, 2009 7:05am
From my view point;
If break 1.6297, it go down.
If break 1.6395, it go up.

Just my 2 pips!
ABCD..
  • #137,154
  • Jun 15, 2009 7:09am Jun 15, 2009 7:09am
My Last scalp long before the news
Target 20 pips

Long @1.6333 Target 20 pips
SL @1.6300
Let Price determine your future!
  • #137,155
  • Jun 15, 2009 7:14am Jun 15, 2009 7:14am
Quoting Geppyg
My Last scalp long before the news
Target 20 pips

Long @1.6333 Target 20 pips
SL @1.6300
Out at +24...Surely it is not going to be this easy..

79 Pips is the trade total in 1 hour.....wish everyday was like this....
Let Price determine your future!
  • #137,156
  • Jun 15, 2009 7:23am Jun 15, 2009 7:23am
I thing the way it is going ...I might take trade 4 and go long again as still have another 30 mins...

I will go long again at 1.6330-31 and tp 20 pips

Sl at 1.6305...

It is is going Round trips every 7 mins right now...
Let Price determine your future!
  • #137,157
  • Jun 15, 2009 7:31am Jun 15, 2009 7:31am
US data worse than expected. Could this push it through 6307?
  • #137,158
  • Jun 15, 2009 7:37am Jun 15, 2009 7:37am
Quoting 4cfx
US data worse than expected. Could this push it through 6307?
I am still holding on to these shorts.. and trying to scalp those longs...
Missed out on the last and most important long...Waiting for tic data 20 mins...lets see if she bring us anything different
Let Price determine your future!
  • #137,159
  • Jun 15, 2009 7:37am Jun 15, 2009 7:37am
Quoting 4cfx
US data worse than expected. Could this push it through 6307?
I think that's one more reason for the bulls.
Hear the music before the song is over ...
  • #137,160
  • Jun 15, 2009 7:42am Jun 15, 2009 7:42am
Quoting GlobalMacro
I think that's one more reason for the bulls.
That depends on whether greenback is still seen as a safe currency vis-a-vis other risk assets. But you are probably right as there's hardly any price movement.
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