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Cable Update (GBPUSD)

  • #186,781
  • Dec 9, 2009 8:10am Dec 9, 2009 8:10am
it is a proper time to use hedging.
  • #186,782
  • Dec 9, 2009 8:12am Dec 9, 2009 8:12am
If we get a test for 70, it will be a nice short. Let's see how this holds up @ 30.
  • #186,783
  • Dec 9, 2009 8:13am Dec 9, 2009 8:13am
Quoting Kyen
You can catch a retest of 70, although I don't think it's going to make a pitstop there. Will be testing 30 shortly, we'll see how far we go.
on the dot bro...now waiting for 70 to short again...these scalpings are perfectelmundo. Tks mate.
  • #186,784
  • Dec 9, 2009 8:16am Dec 9, 2009 8:16am
I just don't think we are going anywhere North until we hit around 1.6050-1.6070 area. I also think the mornings low will be broken today or tonight.

Jim
  • #186,785
  • Dec 9, 2009 8:16am Dec 9, 2009 8:16am
Quoting Najee
on the dot bro...now waiting for 70 to short again...these scalpings are perfectelmundo. Tks mate.
Just closed out my geppy 143.47 entry. gonna wait to see if 70 retest happens.
  • #186,786
  • Dec 9, 2009 8:25am Dec 9, 2009 8:25am
Quoting Kyen
Just closed out my geppy 143.47 entry. gonna wait to see if 70 retest happens.
same waiting for retest of 65 or 70..
  • #186,787
  • Dec 9, 2009 8:28am Dec 9, 2009 8:28am
Couldn't resist but to send in 1 soldier at 50. Just shorted another at 30. Going to stick with what I said before, probably wont make a retest of 70. Let's see how equities do on open.
  • #186,788
  • Dec 9, 2009 8:31am Dec 9, 2009 8:31am
who will win?
Attached Image
  • #186,789
  • Dec 9, 2009 8:33am Dec 9, 2009 8:33am
6230
good for long or what ?
  • #186,790
  • Dec 9, 2009 8:37am Dec 9, 2009 8:37am
Goodbye 30.
  • #186,791
  • Dec 9, 2009 8:39am Dec 9, 2009 8:39am
I request all senior traders of this thread to please spare 5 mins and give there kind advice on this thread it will be so helpful

http://www.forexfactory.com/showthread.php?t=210628
  • #186,792
  • Dec 9, 2009 8:40am Dec 9, 2009 8:40am
Easy 100 pips down from here. Happy trading.
  • #186,793
  • Dec 9, 2009 8:47am Dec 9, 2009 8:47am
Quoting moosley
close in trg again last night...

now long 4h trg 1.635
trg hit again....

now @window
  • #186,794
  • Dec 9, 2009 9:14am Dec 9, 2009 9:14am
Range seems to have been undercut
As such I will attempt a trade at range breakout

Selling here @ 1.6223
Attached Image
Hear the music before the song is over ...
  • #186,795
  • Dec 9, 2009 9:17am Dec 9, 2009 9:17am
I'll enter if the bears breaks 6170..
Patience + Discipline =
  • #186,796
  • Dec 9, 2009 9:17am Dec 9, 2009 9:17am
I went short at 1.6211 with a SL 1.6275 and a TP 1.6111. If my SL or TP not hit by end of NY session I will close. I will am also looking to add to this position if it pulls back to the 61.8 fib line 1.6245.

Time to see if the NY session bites me again

GL
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  • #186,797
  • Dec 9, 2009 9:18am Dec 9, 2009 9:18am
I'm tempted to go short, but i'm bit worried because, eur/gbp is high, could fall and eur/usd has bounced on BIS buy at 4700 and could go up, that means gu up, which doesn't go together with hourly close below 6240, could this be one of today's trap movements? Ideas, comments, will go short on solid close below 6200, or on good 5 15 min stoch situation otherwise staying away, got burned today
  • #186,798
  • Dec 9, 2009 9:35am Dec 9, 2009 9:35am
Quoting Endrju
I'm tempted to go short, but i'm bit worried because, eur/gbp is high, could fall and eur/usd has bounced on BIS buy at 4700 and could go up, that means gu up, which doesn't go together with hourly close below 6240, could this be one of today's trap movements? Ideas, comments, will go short on solid close below 6200, or on good 5 15 min stoch situation otherwise staying away, got burned today
Erg...I hope not I am waiting for short entry on EU too.

Def will not be the first or last time I am wrong
  • #186,799
  • Dec 9, 2009 9:42am Dec 9, 2009 9:42am
Quoting maxss280
Erg...I hope not I am waiting for short entry on EU too.

Def will not be the first or last time I am wrong
it's only one idea and i don't say it's the right one, just today there were wild moves, china and asian's were buying at lows, that makes me cautious.
I won't be surprised if i'm only chickening, but will entry only on retrace or solid brake! dow is turning positive, oil and gold is also close to being positive!
  • #186,800
  • Dec 9, 2009 10:03am Dec 9, 2009 10:03am
Is this the double botom?
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