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Cable Update (GBPUSD)

  • #139,361
  • Jun 23, 2009 7:36am Jun 23, 2009 7:36am
Quoting billyray1
careful getting into new shorts here @ 1.6300. wait for pullback...
what pullback? hope ya didn't listen.
  • #139,362
  • Jun 23, 2009 7:39am Jun 23, 2009 7:39am
Cable 4hr candle looking evil.
  • #139,363
  • Jun 23, 2009 7:40am Jun 23, 2009 7:40am
Quoting Geppyg
I am out at break even on my position @1.6357....saw over 2400 loss in last 30 mins....break even I guess is better than nothing.....

Good Day..Will Live to fight another day...
Thanks
Wormboy
Usd 2400 in 30 minutes? Thats a lot of money.
Great Bodies are Engineered not Born
  • #139,364
  • Jun 23, 2009 7:42am Jun 23, 2009 7:42am
Quoting billyray1
what pullback? hope ya didn't listen.
Actually a bounce off the 5 min trendline was too easy to be true...I was expecting a break as traders get trapped when they long at the trendline. The smart money is evil, once you are left with the bag, they will screw you..
  • #139,365
  • Jun 23, 2009 7:42am Jun 23, 2009 7:42am
Quoting RichLadyFX
Usd 2400 in 30 minutes? Thats a lot of money.
It sure is. I lost $1250 on friday shorting at 1.6480 thinking its a solid resistance and got stopped out. Not a great feeling but you have to get over it and start again.
You've got to be IN IT to WIN IT!
  • #139,366
  • Jun 23, 2009 7:44am Jun 23, 2009 7:44am
Thanks cable for a down move
  • #139,367
  • Jun 23, 2009 7:46am Jun 23, 2009 7:46am
Geppy my friend i told u its too early to give up :s
  • #139,368
  • Jun 23, 2009 7:49am Jun 23, 2009 7:49am
hopefully we'll see a good opp to re-short at 1.6305-10 area
  • #139,369
  • Jun 23, 2009 7:51am Jun 23, 2009 7:51am
Guys,

I had been having great trades with my system (Trend based) during the green box areas.

When market got shifted to blue box area, every thing I'm doing is not going in right direction..

Finally decided to stay away until price gets out of this bloody blue box !!

Not sure how others are feeling the past couple of weeks
Attached Image (click to enlarge)
Click to Enlarge Name: cable 0623.gif Size: 59 KB
  • #139,370
  • Jun 23, 2009 7:51am Jun 23, 2009 7:51am
Well my friends its a bussiness of patience ...
Many pplz are in favour and many in against so keep patience n confidence while trade
  • #139,371
  • Jun 23, 2009 7:53am Jun 23, 2009 7:53am
Quoting billyray1
hopefully we'll see a good opp to re-short at 1.6305-10 area
thats not a right time to go for short my friend
  • #139,372
  • Jun 23, 2009 7:54am Jun 23, 2009 7:54am
Same here, dude. Yesterday bounced me good.

Just trying (sometimes unsuccesfuly) to wait for set-ups off 1hr and 4hr S & R levels... best thing we got...

Quoting vishalshan
Guys,

I had been having great trades with my system (Trend based) during the green box areas.

When market got shifted to blue box area, every thing I'm doing is not going in right direction..

Finally decided to stay away until price gets out of this bloody blue box !!

Not sure how others are feeling the past couple of weeks
  • #139,373
  • Jun 23, 2009 7:54am Jun 23, 2009 7:54am
Long at 1.6273. TP - 1.6330-50.
You've got to be IN IT to WIN IT!
  • #139,374
  • Jun 23, 2009 7:55am Jun 23, 2009 7:55am
let's see how far these Cable bulls get... Good luck if you're long... i may join you soon
  • #139,375
  • Jun 23, 2009 7:56am Jun 23, 2009 7:56am
Quoting Ifty
Long at 1.6273. TP - 1.6330-50.
hey longed at 80 .. BE stop already tho .. USDCAD 1-hr chart looking goog to short
  • #139,376
  • Jun 23, 2009 8:01am Jun 23, 2009 8:01am
Quoting jack.canadia
hey longed at 80 .. BE stop already tho .. USDCAD 1-hr chart looking goog to short
Hi Bro. Me still in trade and it seems to be gaining momentum. The Parabolic sar is showing strength on the 1min chart. Lets see how it goes. I have already moved my SL to +15 and will keep increasing to protect profit.
You've got to be IN IT to WIN IT!
  • #139,377
  • Jun 23, 2009 8:01am Jun 23, 2009 8:01am
Hey jack canadia
howz yew my friend
  • #139,378
  • Jun 23, 2009 8:04am Jun 23, 2009 8:04am
Quoting Faryad
thats not a right time to go for short my friend
That's actually a good place to short. That's the area where those traders who were expecting a bounce off the 5 min trendline would want to get out of their positions at B/E...
  • #139,379
  • Jun 23, 2009 8:05am Jun 23, 2009 8:05am
Quoting ipips
that's actually a good place to short. That's the area where those traders who were expecting a bounce off the 5 min trendline would want to get out of their positions at b/e...

dont want to take any risk to loose my todayz pips
  • #139,380
  • Jun 23, 2009 8:06am Jun 23, 2009 8:06am
re-shorted at 1.6310, stop now at b/e, this sucker could go either way
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