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Cable Update (GBPUSD)

  • #184,941
  • Nov 27, 2009 4:25am Nov 27, 2009 4:25am
Quoting MHpips
did you close out your short for a few pips or are you still holding?
by the time I posted the chart my short hit the TP (as it was just a "pullback", I expected only a couple of pips). I shorted later again, but it was just a scalp.
  • #184,942
  • Nov 27, 2009 4:29am Nov 27, 2009 4:29am
Quoting MHpips
did you close out your short for a few pips or are you still holding?
everything was according to the point view I posted.
Attached Image (click to enlarge)
Click to Enlarge Name: trade_result_1127.jpg Size: 88 KB
  • #184,943
  • Nov 27, 2009 4:37am Nov 27, 2009 4:37am
first station is 1.6470-80... what the hell!!!
  • #184,944
  • Nov 27, 2009 4:40am Nov 27, 2009 4:40am
In my opinion H1 needs some correction and this could be chance to sell and collect a couple of pips again.

But it is just my opinion, do not follow me.
Attached Image (click to enlarge)
Click to Enlarge Name: gu__h1.jpg Size: 55 KB
  • #184,945
  • Nov 27, 2009 4:47am Nov 27, 2009 4:47am
Hi guys/gals,

I'm a newbie here and wud like some help/thots on cable. Started with USD500 but been burnt to less than USD100 now. The cable is very unpredictable as seen the last 2 days with a drop from 1.6720ish to a low of 1.6270 just now. Am really confused as I'm trying to build back my nest. Followed the charts dilligently but somehow some news pertaining a stronger dollar just broke my account. Am hoping somebody can give me a clue as to what I can do now.Wanted to short at 1.6440 but the H1 still got some room to go up. Cheers.
  • #184,946
  • Nov 27, 2009 5:00am Nov 27, 2009 5:00am
Quoting sibajnok
In my opinion H1 needs some correction and this could be chance to sell and collect a couple of pips again.

But it is just my opinion, do not follow me.
it seems that is was another good idea.

trade closed +25pips.
  • #184,947
  • Nov 27, 2009 5:07am Nov 27, 2009 5:07am
Quoting micho
kicked one short EURUSD at 1.4871 target adjustable 1.4839

do not copy, on your risk
Quote
target at BE

target 1.4883 ... this one is a loser
When life gives you lemons, make lemonade
  • #184,948
  • Nov 27, 2009 5:10am Nov 27, 2009 5:10am
Quoting Najee
Hi guys/gals,

I'm a newbie here and wud like some help/thots on cable. Started with USD500 but been burnt to less than USD100 now. The cable is very unpredictable as seen the last 2 days with a drop from 1.6720ish to a low of 1.6270 just now. Am really confused as I'm trying to build back my nest. Followed the charts dilligently but somehow some news pertaining a stronger dollar just broke my account. Am hoping somebody can give me a clue as to what I can do now.Wanted to short at 1.6440 but the H1 still got some room to go up. Cheers.
I am also a newbie but I would say only one thing that is watch this thread without leaving a single post you would gain a lot because many contributors in this thread are FOREX GRANDMASTERS.
  • #184,949
  • Nov 27, 2009 5:17am Nov 27, 2009 5:17am
Hello Members.

What all of you expecting now from cable, is it turning into upside now?

Dubai news effect is temperory

any opinions?
  • #184,950
  • Nov 27, 2009 5:19am Nov 27, 2009 5:19am
Quoting Najee
Hi guys/gals,

I'm a newbie here and wud like some help/thots on cable. Started with USD500 but been burnt to less than USD100 now. The cable is very unpredictable as seen the last 2 days with a drop from 1.6720ish to a low of 1.6270 just now. Am really confused as I'm trying to build back my nest. Followed the charts dilligently but somehow some news pertaining a stronger dollar just broke my account. Am hoping somebody can give me a clue as to what I can do now.Wanted to short at 1.6440 but the H1 still got some room to go up. Cheers.

Firstly I'm batling myself, but I can say that moving to a larger Timeframe has helped me so far...

I'm a
4hr "Swinger"
and a
1hr "Hit and Run" on the London Open for 25

Stick arround here are quite a few traders that might be able to assist yo, but my advice will be to listen and learn by you self.
  • #184,951
  • Nov 27, 2009 5:23am Nov 27, 2009 5:23am
Quoting micho
target 1.4883 ... this one is a loser
the pivot level seems to keep.

chart attached earlier.

http://www.forexfactory.com/showpost...stcount=166485
  • #184,952
  • Nov 27, 2009 5:26am Nov 27, 2009 5:26am
I would look for sell stop at 6350 ?

Peter
Jesus Christ is my only Lord !
  • #184,953
  • Nov 27, 2009 5:31am Nov 27, 2009 5:31am
Quoting micho
kicked one short EURUSD at 1.4871 target adjustable 1.4839

do not copy, on your risk
Quote
target at BE
Quote
target 1.4883 ... this one is a loser

target 1.4879
typical bitching, low volume... they drive price up for a new high... then again hunt the stop losses for another new high before driving it down to first target and most likely 2nd target
When life gives you lemons, make lemonade
  • #184,954
  • Nov 27, 2009 6:16am Nov 27, 2009 6:16am
Quoting moosley
long gu 4h trg 1.66 small
hit that too... very lucky month... out 'till monday
  • #184,955
  • Nov 27, 2009 6:21am Nov 27, 2009 6:21am
I taken a small long at 1.6370 to PL
  • #184,956
  • Nov 27, 2009 6:41am Nov 27, 2009 6:41am
Any chance GU will touch 1.6270 today again?
Support at 1.6261 - 03/11/2009 low.
  • #184,957
  • Nov 27, 2009 6:43am Nov 27, 2009 6:43am
Im long too 1.6370 TP 1.6550
anyone agree ? what everybody think ?
  • #184,958
  • Nov 27, 2009 6:46am Nov 27, 2009 6:46am
Just to say "Hello" as I have recently joined FF, although I have been using the news info for sometime on here now, I trade cable and a couple of other GBP crosses depending on opportunities seen....

This thread has been of interest to me for a while too as some of you guys are seeing the same levels as I do which is always comforting to know!

Cheers and Happy trading!
The hardest way to make an easy living.....
  • #184,959
  • Nov 27, 2009 6:54am Nov 27, 2009 6:54am
Quoting citrusvtk
Im long too 1.6370 TP 1.6550
anyone agree ? what everybody think ?
Usually GU makes double top/bottom before change the direction such significantly.
  • #184,960
  • Nov 27, 2009 7:33am Nov 27, 2009 7:33am
went short at 6420, 5 15 min chart stochs support that, also previous 15min candle closed near this level and hourly stochs has rolled over and waiting for bad day in a stock market(i hope so). if all goes bad with dow we would see 6300.
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