Cable Update (GBPUSD) | Page 8421 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #168,401
  • Sep 23, 2009 2:08pm Sep 23, 2009 2:08pm
Quoting albchr
Don't start drinking yet bro, the dust is starting to settle now. We'll take this bad girl down...LOL
Hehe,

Short already....

thank you for the kind words. You are right - the question always arises:" How do I eat an Elephant?" the answer : Bit by Bit

Let's go!

My highest regards
  • #168,402
  • Sep 23, 2009 2:08pm Sep 23, 2009 2:08pm
How bad did that hit you Nav? That was a very large spike. If you held it, you should be damn near BE right now.

Que
Que
  • #168,403
  • Sep 23, 2009 2:08pm Sep 23, 2009 2:08pm
Quoting nAVIN2007
i will come with u guys as well.....my ass is almost roast
today's special

roasted a$$
  • #168,404
  • Sep 23, 2009 2:10pm Sep 23, 2009 2:10pm
Quoting wormboy
you gonna let that cute spike scare you bro?

NOPE ...but i question if my stop will get it
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 30 KB
  • #168,405
  • Sep 23, 2009 2:11pm Sep 23, 2009 2:11pm
Quoting Alpha Hamste
Hi GM...you have to bring back that Van Dam clip again? LOL
I have been waiting for your entrance to this thread...you always know how to make an impact!!

Almost fell asleep looking at GU in the twilight zone.

lol...

Hi Alpha...wassup bro...
Hear the music before the song is over ...
  • #168,406
  • Sep 23, 2009 2:11pm Sep 23, 2009 2:11pm
Anybody got any advice on long-term GBPUSD? I'm trading the daily at the moment and got in at 1.634 with a large stop based on the H&S (see chart). At the moment the retrace is still only to the 50% fib, despite the "good" UK mortgage approval news this morning. Is it a valid strategy to hold on even if it goes to the 61.8 fib or has it well and truly reversed?Any advice gladly (and humbly) received
Attached Image (click to enlarge)
Click to Enlarge Name: Chart.jpg Size: 96 KB
  • #168,407
  • Sep 23, 2009 2:12pm Sep 23, 2009 2:12pm
Unlike London, this spike was temporary. I had a short in London. I had a good size stop with small risk. I thought "No biggie, my stop will cover and price will fall...", Next 7 hours all price did was slowly rise... Stopped out...

Que
Que
  • #168,408
  • Sep 23, 2009 2:13pm Sep 23, 2009 2:13pm
Quoting Que
How bad did that hit you Nav? That was a very large spike. If you held it, you should be damn near BE right now.

Que
i dont move my stops to BE its a mental thing..i accessed the risk b4 hand and accepted it......its just that it came 7 pips to SL and u just never know with spikes

dollar index is shaping up nicely the bullish diverence has something to work with..assuming we get a pin
  • #168,409
  • Sep 23, 2009 2:14pm Sep 23, 2009 2:14pm
Quoting nAVIN2007
NOPE ...but i question if my stop will get it
That's about 8 pips away from my stop. Don't worry bro:
http://www.forexfactory.com/showpost...postcount=3058

We know what we're doing
I'm outta here. Catch you London session.
Good luck fellas.
Thank You
  • #168,410
  • Sep 23, 2009 2:14pm Sep 23, 2009 2:14pm
Quoting wormboy
lol be cool bro


A close below 6400 on this current H4 candle, that closes in under two hours, will give a nice crisp signal.
  • #168,411
  • Sep 23, 2009 2:15pm Sep 23, 2009 2:15pm
Quoting forex lion

  1. If FOMC increases rates, USD strebgthens and we see GU spike down
  2. If FOMC reduces rates, USD weakens and we see GU fly.
  3. If FOMC does not change anything, then subject to the prevailing economic scenario, USD weakens and we see a spike up in GU which is TEMPORARY

In short, this spike is temporary in nature, give it time till europe open to settle down.

I call the hourly chart up on the euro and the SMA is just a long straight boring line UP UP UP

It usually creates some suction for GBP so I am not calling a short yet until the DOW reverses ....

Dow off its highs but still +26
  • #168,412
  • Sep 23, 2009 2:15pm Sep 23, 2009 2:15pm
You had a better stop than I did.

Look there is only 45 min left on this H4. If it closes where it is, that is a massive pinbar. I can not say for fact (Obviously), but I do not see your stop getting hit before we move to your BE point at least. look at the confluence of that pinbar.

Just my opinion though.

Que

Quoting nAVIN2007
NOPE ...but i question if my stop will get it
Que
  • #168,413
  • Sep 23, 2009 2:17pm Sep 23, 2009 2:17pm
Quoting forexlion
well i just collected 5% take today

all trades hit target set
You are lucky. With your trade only go after 10-15 pips but with a big draw down .. u almost had a margin call. Next time, might not go well on your side
  • #168,414
  • Sep 23, 2009 2:18pm Sep 23, 2009 2:18pm
Quoting gammase1


A close below 6400 on this current H4 candle, that closes in under two hours, will give a nice crisp signal.
  • #168,415
  • Sep 23, 2009 2:18pm Sep 23, 2009 2:18pm
Thank God...I am back to where I was before that announcement.
As much as I have enjoyed the BEAR jokes, gotta give Forexlion and the other bulls hell of a credit .

They made the right calls and maybe us bears too, perhaps we were just working on different trading time frames
  • #168,416
  • Sep 23, 2009 2:19pm Sep 23, 2009 2:19pm
I hear you, that was not my point. I did not know your London was still alive. Mine got creamed. My stop was decent, just not enough.

Que

Quoting nAVIN2007
i dont move my stops to BE its a mental thing..i accessed the risk b4 hand and accepted it......its just that it came 7 pips to SL and u just never know with spikes

dollar index is shaping up nicely the bullish diverence has something to work with..assuming we get a pin
Que
  • #168,417
  • Sep 23, 2009 2:20pm Sep 23, 2009 2:20pm
Quoting gammase1


A close below 6400 on this current H4 candle, that closes in under two hours, will give a nice crisp signal.
Paul!
I know you find that little doji cute too Daily giving away freebies again lol
Gotta run bro, need to sleep. Good luck with your trades!
Thank You
  • #168,418
  • Sep 23, 2009 2:21pm Sep 23, 2009 2:21pm
Quoting Que
You had a better stop than I did.

Look there is only 45 min left on this H4. If it closes where it is, that is a massive pinbar. I can not say for fact (Obviously), but I do not see your stop getting hit before we move to your BE point at least. look at the confluence of that pinbar.

Just my opinion though.

Que
if we can get this 4hr to break the low of the previous then that be even better, yes the confluence of the pin is good, thank god it moved a distance away from it.......i thought when we were up there the high might get tested and i might have been hit
  • #168,419
  • Sep 23, 2009 2:23pm Sep 23, 2009 2:23pm
Quoting Que
I hear you, that was not my point. I did not know your London was still alive. Mine got creamed. My stop was decent, just not enough.

Que

did u exit the one from higher up as well?
  • #168,420
  • Sep 23, 2009 2:24pm Sep 23, 2009 2:24pm
gu got sold into off the psike this time.... I am favouring wave down to 1.6100 look at your 4 hour charts.

I am short 1.6440 with half off already 60 pip and stop be +10 other half. Either +10 or +300 those are my options now
Blogging daily now at www.volume.zone
1,809 traders viewing now