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Cable Update (GBPUSD)

  • #175,921
  • Oct 14, 2009 2:32am Oct 14, 2009 2:32am
Quoting grashid
just small short yesterday NY..watch current PA only atm....even overall am still bear bias..but last few day make me a bit consufe and i was decide to put a pulse for GU atm...just SL @6050 from 6550 and see what happen........look like reverse from now but am going to take my rest at GU this week...
Yeah, this widespread dollar weakness f@$K all our plans for the short run.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,922
  • Oct 14, 2009 2:34am Oct 14, 2009 2:34am
Quoting Mr J
A bit of work to get there, but it's looking like it will go a bit further.
a news regarding gbp will be released in an hour time....we will c wat will happen....
  • #175,923
  • Oct 14, 2009 2:39am Oct 14, 2009 2:39am
Quoting Bull_Bear
Yeah, this widespread dollar weakness f@$K all our plans for the short run.
...am chop my short eu 4765 for -35pips yesterday which pay me less than 180usd profit for this week...very little atm and far far away from my weekly target..damm it....just watch current PA and perhaps am taking my leave this week...

How about you bro?
  • #175,924
  • Oct 14, 2009 2:40am Oct 14, 2009 2:40am
sweet i hit my first terget at 1.5995,i still see price get to 1.62 this week if not today,am expecting eurgbp to fall and also gbpjpy to rise if this happens then gbpusd will fly to the sky......
what you see is what you get
  • #175,925
  • Oct 14, 2009 2:41am Oct 14, 2009 2:41am
Quoting navhin
around 1.5925....quite a risky trade...coz i went in with a tight stop-loss and tight take profit...

Have to say this... The Cable is a risky zone right now. By my elliot-wave count the 3-wave is emminent "DOWN". But all indicators are point a reverse...

Fibre is UP +20%
FTSE +65.32 +1.27%
DAX +78.46 +1.37%

GBP is soon going to morph... Hold a SHORT @ 1.5971, SL 1.6002, TP 1.5970... My suggestions. Goodluck Trading.
  • #175,926
  • Oct 14, 2009 2:42am Oct 14, 2009 2:42am
Quoting Bull_Bear




This is why I short..

Here's another reason why....

100ma... (trying new style added to my trading), and tl resistance lines coming in.....
Attached Image (click to enlarge)
Click to Enlarge Name: Cable.JPG Size: 152 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,927
  • Oct 14, 2009 2:44am Oct 14, 2009 2:44am
Quoting segxy007
sweet i hit my first terget at 1.5995,i still see price get to 1.62 this week if not today,am expecting eurgbp to fall and also gbpjpy to rise if this happens then gbpusd will fly to the sky......
what you see is what you get
Well, I don't see future
  • #175,928
  • Oct 14, 2009 2:46am Oct 14, 2009 2:46am
Quoting Bull_Bear
This is why I short..
Nice BB, yeh there were good regular bearish divergence set-ups to short extending to 1hr at that 5991 hi...30min shown below by way of example.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.gif Size: 19 KB
ex member
  • #175,929
  • Oct 14, 2009 2:46am Oct 14, 2009 2:46am
Quoting grashid
...am chop my short eu 4765 for -35pips yesterday which pay me less than 180usd profit for this week...very little atm and far far away from my weekly target..damm it....just watch current PA and perhaps am taking my leave this week...

How about you bro?
Don't worry mate, I got done -280pips on the EUR, but since my last 2 trades on the EUR and GBP (posted last night and this morning), I made it all back.

Right now holding short from:

Quoting Bull_Bear
sell 1.5986... SL..1.6060.. TP to hell
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,930
  • Oct 14, 2009 2:48am Oct 14, 2009 2:48am
Took the short position again on cable based on the rejection earlier with stops placed @6035 level. Let's see how this goes.
Trade safe everyone

Earlier charts :

1. http://www.forexfactory.com/showpost...4&postcount=77
2. http://www.forexfactory.com/showpost...1&postcount=82
3. http://www.forexfactory.com/showpost...0&postcount=86
Attached Image (click to enlarge)
Click to Enlarge Name: gud.JPG Size: 90 KB
Thank You
  • #175,931
  • Oct 14, 2009 2:51am Oct 14, 2009 2:51am
I am out... Banking in 15pips. Now waiting on new entry point to SHORT. Perhaps @1.5997. Cheers
  • #175,932
  • Oct 14, 2009 2:54am Oct 14, 2009 2:54am
Quoting wormboy
Took the short position again on cable based on the rejection earlier with stops placed @6035 level. Let's see how this goes.
Trade safe everyone

Earlier charts :

1. http://www.forexfactory.com/showpost...4&postcount=77
2. http://www.forexfactory.com/showpost...1&postcount=82
3. http://www.forexfactory.com/showpost...0&postcount=86
Wormie, she's fuk things up real good hasn't she.....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,933
  • Oct 14, 2009 2:58am Oct 14, 2009 2:58am
Quoting Bull_Bear
Don't worry mate, I got done -280pips on the EUR, but since my last 2 trades on the EUR and GBP (posted last night and this morning), I made it all back.

Right now holding short from:
..good to hear that u was back..mm...anyway am flat atm n see u then in US..Good luck
  • #175,934
  • Oct 14, 2009 2:59am Oct 14, 2009 2:59am
Mni saying '..offers remain 6000/10... (Dly R1 @ 6000 area)... ahead of 6050/60 and stronger interest ' 6080. 5950/40 hold bids ahead os stronger interest @ 5925/20, then 5900 likely...'

G/L
ex member
  • #175,935
  • Oct 14, 2009 2:59am Oct 14, 2009 2:59am
Hi guys,

ATM it's time to remember currency prices reflect economy health of respective countries and currently GB is bad but US is still worse...to-day will be a perfect example: we'll have bad figures for employment in GB and we'll have very very bad news for retail sales in US.....

ATM economic fundamentals rule and explain everything and technical analysis of PA is no use.....£ is up cos $ is down and THAT'S ALL FOLKS !!!!!

ATM trying to trade GU is like committing suicide for your accounts......Trend is bearish and bias is bullish....so guess next move ????......

and there are other pairs to trade more safely like EU, UJ, UC, AU....... and of course gold, oil....and also S&P, FTSE, DAX.......

GL to all
Non licet omnibus adire Corinthum
  • #175,936
  • Oct 14, 2009 3:01am Oct 14, 2009 3:01am
closed my gbp/usd......sold at 1.5985 tp 1.5945.....40pips...
  • #175,937
  • Oct 14, 2009 3:05am Oct 14, 2009 3:05am
Quoting javajames

ATM economic fundamentals rule and explain everything and technical analysis of PA is no use.....£ is up cos $ is down and THAT'S ALL FOLKS !!!!!....ATM trying to trade GU is like committing suicide for your accounts......Trend is bearish and bias is bullish....so guess next move ????......
Depends on your technical trading methodology, this is a gross generalisation. Ridiculous statement to suggest tech analysis is of no use...I am getting along fine with it as are many others in this and other pa environments...trading what I see, not what I might be thinking..

G/L
ex member
  • #175,938
  • Oct 14, 2009 3:09am Oct 14, 2009 3:09am
Quoting Bull_Bear
Wormie, she's fuk things up real good hasn't she.....
admittingly yes.
she swallowed more than half of my +1020 profit and left me with +433 instead.
payback's gonna be a bitch lol
Thank You
  • #175,939
  • Oct 14, 2009 3:11am Oct 14, 2009 3:11am
Quoting wormboy
admittingly yes.
she swallowed more than half of my +1020 profit and left me with +433 instead.
payback's gonna be a bitch lol
Exactly my sentiments
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,940
  • Oct 14, 2009 3:11am Oct 14, 2009 3:11am
Quoting javajames
....

ATM trying to trade GU is like committing suicide for your accounts......Trend is bearish and bias is bullish....so guess next move ????......

and there are other pairs to trade more safely like EU, UJ, UC, AU....... and of course gold, oil....and also S&P, FTSE, DAX.......

GL to all
Intresting...

My account/s actually look quite healthy due to GBP.

GL.
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