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Cable Update (GBPUSD)

  • #185,961
  • Dec 4, 2009 1:52am Dec 4, 2009 1:52am
I went north right in front of a 50% fib.
  • #185,962
  • Dec 4, 2009 1:57am Dec 4, 2009 1:57am
It may still go down if it doesn't break 6645...
Never Stop Learning...
  • #185,963
  • Dec 4, 2009 2:02am Dec 4, 2009 2:02am
That pivot must be magnetized!!
  • #185,964
  • Dec 4, 2009 2:02am Dec 4, 2009 2:02am
Quoting 3dragz
I went north right in front of a 50% fib.
I did the same and got out with just + 1 tick as price was stalling a bit also got out just before open at 8 am......Might just wait till Non Farm comes out
The hardest way to make an easy living.....
  • #185,965
  • Dec 4, 2009 2:04am Dec 4, 2009 2:04am
Quoting trader74
I did the same and got out with just + 1 tick as price was stalling a bit also got out just before open at 8 am......Might just wait till Non Farm comes out
Probably a good call.
  • #185,966
  • Dec 4, 2009 2:05am Dec 4, 2009 2:05am
Short 1.6600...

EDIT : If new 4H candle on 6pm (+GMT 8 ) open above 1.6600 , cut loss.
Trade what you see. Write what you feel
  • #185,967
  • Dec 4, 2009 2:09am Dec 4, 2009 2:09am
I love when I get out with a loss and it turns around on me
  • #185,968
  • Dec 4, 2009 2:11am Dec 4, 2009 2:11am
Quoting Wharfe
Short @ 16606 SL 16630

Will watch action to see about TP if it drops

I'm a wimp, moved SL to BE, I bet you any money that it will now go up to 16607 and then fall a few thousand pips
  • #185,969
  • Dec 4, 2009 2:13am Dec 4, 2009 2:13am
Quoting Wharfe
I'm a wimp, moved SL to BE, I bet you any money that it will now go up to 16607 and then fall a few thousand pips
missed by a pip
  • #185,970
  • Dec 4, 2009 2:15am Dec 4, 2009 2:15am
buy stop @1.6620 , SL=1.6585
Patience + Discipline =
  • #185,971
  • Dec 4, 2009 2:18am Dec 4, 2009 2:18am
This is what I got...
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  • #185,972
  • Dec 4, 2009 2:20am Dec 4, 2009 2:20am
If it breaks 590, we should head down if not then short at 640 to 650.
Quoting dobbie11
Should be looking to short at 620 - 625. SL at 650 to 685. with a TP at 465. Have a good night.
  • #185,973
  • Dec 4, 2009 2:25am Dec 4, 2009 2:25am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
Quoting melba
looks like turning , i'm going short as well , sold at 6595 , targ 6535 , sl 6666
target limit was hit last evening.....60 pips .....waiting to see if this bounce holds before doing anything...........love it....
  • #185,974
  • Dec 4, 2009 2:27am Dec 4, 2009 2:27am
Quoting Scrmnegl
missed by a pip
Yup SL hit for zero pips, but I got in short again at 1615 moved that to BE got stopped out again. 20 missed pips if I had just closed rather than going BE.

Now gone long from 16605, as I think my short plan is out the window for now. It may come back into play later.
  • #185,975
  • Dec 4, 2009 2:34am Dec 4, 2009 2:34am
got out @ 6611, cool +80 pips. As usual it goes up further to 6629 right after closing position, guess didn't really believe my call earlier to go to 6670...


Happy trading u all.
  • #185,976
  • Dec 4, 2009 2:45am Dec 4, 2009 2:45am
seems it found some res at 1.6620 area... a chance to short?
  • #185,977
  • Dec 4, 2009 2:55am Dec 4, 2009 2:55am
Quoting samdani786
Hello Traders/Friends. I wanna point out something that is working for me greatly. Very easy no brainer, once a day for sure. Look at the chart, Notice all the arrows around the Red lines, Those lines are the
" Daily Open Value " Notice how price reacts i mean if the price goes below the open, 95% times it will continue down and if above , it goes up all the way. all you gotta do is watch the PA at OPEN of the day and follow it
I hope it help someone make some MOOLA.
See what i mean . I was late today so got in late . Today OPEN was 6553 and look what happen . Like i said this is for new people strugling
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #185,978
  • Dec 4, 2009 3:00am Dec 4, 2009 3:00am
This is what helped cable go noth
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #185,979
  • Dec 4, 2009 3:01am Dec 4, 2009 3:01am
Quoting samdani786
See what i mean . I was late today so got in late . Today OPEN was 6553 and look what happen . Like i said this is for new people strugling

Out of interest what time do you use for daily open?

00:00 GMT/BST depending on the time of year?

I personally use the NY close time as the start of the next day, and work on a 25 pips above or below that as an indication of the daily trend.
  • #185,980
  • Dec 4, 2009 3:07am Dec 4, 2009 3:07am
first beast in the net. details on my blog for everybody
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