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Cable Update (GBPUSD)

  • #180,261
  • Nov 2, 2009 6:32am Nov 2, 2009 6:32am
I played safe today with the UK PMI coming out far better than the forecast but found myself losing. Is it a wrong decision to buy at that time?
  • #180,262
  • Nov 2, 2009 6:34am Nov 2, 2009 6:34am
the market is tooo dam quit the calm befor the storm let's see what the dow will do
  • #180,263
  • Nov 2, 2009 6:36am Nov 2, 2009 6:36am
Quoting kill
the market is tooo dam quit the calm befor the storm let's see what the dow will do

Me thinks it'll pause til some stops get lined up below 1.6350. No later than tomorrow it'll continue southbound.
"Timing Is Everything. Really I Swear It Is"
  • #180,264
  • Nov 2, 2009 6:43am Nov 2, 2009 6:43am
still keep on selling with target ot 6320-25 , hope it will apear until US open
  • #180,265
  • Edited 6:59am Nov 2, 2009 6:48am | Edited 6:59am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Me too matey!
I have done scalping from 63500 now 3 times in a row and now I am in for a surprise, I think. But my SL is set to 62500 to be safe. Market is very volatile and it's becoming difficult to deal with 50 pip SL anymore.

My target is 65800. Though I nwould be more than happy to give on 65200 and see where we are heading to. I expect action on 5th Nov before that range trading!




Quoting djambazov84
i like this scenario
i`m in a small long off 1.6350 SL is just below day`s low so its a good r:r my targets are hi of day and eventually 1.66 and 1.67 which are simply past proven supply areas/round numbers

just do not see any convincing base/launching pad being created by longs just yet...
  • #180,266
  • Nov 2, 2009 6:50am Nov 2, 2009 6:50am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Good day to you as well, and many pips!

Same thoughts again!

My thoughts are limited to 65200 or 65800 max but happy to leave on 65200.

Ta.

I post on dt's thread as it keep my mind and more imp. hands in check lol :-) Focus on what other experienced traders have to say.

Ta
ams


Quoting TauTrader
Good day to you,

Something's defenitely up....

Would love to buy a bit more @ 1.6330 area and last buy @ 1.6300 - then hold on for dear life

Will go and read your posts on DT's thread.

Wish you success

Regards
  • #180,267
  • Nov 2, 2009 7:03am Nov 2, 2009 7:03am
breakout wasn't going as planned. closed the trade with a small 20 pip profit. waiting to go short just under 1.623
  • #180,268
  • Nov 2, 2009 7:06am Nov 2, 2009 7:06am
In short from 6370. first tp 6245.
  • #180,269
  • Nov 2, 2009 7:08am Nov 2, 2009 7:08am
for those of you that are awaiting 1.63 before US open there is some balkanian music to chill out

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  • #180,270
  • Nov 2, 2009 7:09am Nov 2, 2009 7:09am
Quoting TauTrader
Good day to you,

Something's defenitely up....

Would love to buy a bit more @ 1.6330 area and last buy @ 1.6300 - then hold on for dear life

Will go and read your posts on DT's thread.

Wish you success

Regards
I do agree. if I were not short term trader I would definately be looking for longs, with tp at least 1,67
  • #180,271
  • Nov 2, 2009 7:36am Nov 2, 2009 7:36am
Quoting ams
Me too matey!
I have done scalping from 63500 now 3 times in a row and now I am in for a surprise, I think. But my SL is set to 62500 to be safe. Market is very volatile and it's becoming difficult to deal with 50 pip SL anymore.

My target is 65800. Though I would be more than happy to give on 65200 and see where we are heading to. I expect action on 5th Nov before that range trading!
I agree on the SL's
I've been using 30 sl then moved to 40 but because of the volatile market I think my sl must increase as I keep being stopped out then the market just does what I thought it would in the first place. I might wait for US to open before anymore trading. Mind you 6350 is still gaining support maybe if there is a couple of confirming breaks past this I'll go south.
  • #180,272
  • Nov 2, 2009 7:37am Nov 2, 2009 7:37am
what the heck is going on even the big azzz's did not move the dam market
  • #180,273
  • Nov 2, 2009 8:03am Nov 2, 2009 8:03am
another stocks sell off in the pipe... ; ) GO $ GO
  • #180,274
  • Nov 2, 2009 8:14am Nov 2, 2009 8:14am
Quoting kill
what the heck is going on even the big azzz's did not move the dam market
same as this thread.. LoL
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #180,275
  • Nov 2, 2009 8:14am Nov 2, 2009 8:14am
still in from last week..

LOL hopefully this will sink b4 i dead
Attached Image (click to enlarge)
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  • #180,276
  • Nov 2, 2009 8:19am Nov 2, 2009 8:19am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Nav,

where did you open your trade man!


Quoting nAVIN2007
still in from last week..

LOL hopefully this will sink b4 i dead
  • #180,277
  • Nov 2, 2009 8:24am Nov 2, 2009 8:24am
i Started to open my short buy from 6330 target - 1.6380 or 1.64 depends on volatility
  • #180,278
  • Edited 8:47am Nov 2, 2009 8:27am | Edited 8:47am
Quote
TrendExpressi Started to open my short buy from 6330 target - 1.6380 or 1.64 depends on volatility
am i drunk hää??
  • #180,279
  • Nov 2, 2009 8:28am Nov 2, 2009 8:28am
Good day to you,

Cut my 3rd trade(EU) - Waaayyy to slow. Small profit on 1 mini and one BE. (Still believe 1.4800 is on - but just too slow for me).Now focus on my GU trade. Looking to buy as cheaply as possible now. Hope for 1.6300.

Good thing is I will just swop the 0.2 I had invested in EU onto GU - wanne be above 1.6500 later in the week...

Wish you all success

Regards
Attached Image (click to enlarge)
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  • #180,280
  • Nov 2, 2009 8:30am Nov 2, 2009 8:30am
Quoting TauTrader
Good day to you,

Cut my 3rd trade(EU) - Waaayyy to slow. Small profit on 1 mini and one BE. (Still believe 1.4800 is on - but just too slow for me).Now focus on my GU trade. Looking to buy as cheaply as possible now. Hope for 1.6300.

Good thing is I will just swop the 0.2 I had invested in EU onto GU - wanne be above 1.6500 later in the week...

Wish you all success

Regards
i am honestly jealous (but sincerely wish you all the well) with your consecutive winning streak. good job, man.
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