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Cable Update (GBPUSD)

  • #188,061
  • Dec 17, 2009 4:30am Dec 17, 2009 4:30am
Quoting crackberry
good job,but i dont think we could see 5700ish tonight,but for tomorrow or next week we still dont know
I hope before new year..wish me luck..
Patience + Discipline =
  • #188,062
  • Dec 17, 2009 4:30am Dec 17, 2009 4:30am
Quoting Clouds
doesnt really matter when, jsut matters u got the right direction
Must quote you, I think the same way. Better re-enter if breaks again and take 100 pips instead of taking 500 or die...
"Hate the sin, love the sinner." - Gandhi
  • #188,063
  • Dec 17, 2009 4:30am Dec 17, 2009 4:30am
Quoting Jemmy
5000 maybe in Dec 2012..

I'm targetting October's low around 57xx..
maybe sooner, it dropped 5000 pips in 5 months last time. May 2010
  • #188,064
  • Dec 17, 2009 4:32am Dec 17, 2009 4:32am
Quoting TheGabriel
Must quote you, I think the same way. Better re-enter if breaks again and take 100 pips instead of taking 500 or die...
If u like, but stop losses can be moved to protect profits as well.
  • #188,065
  • Dec 17, 2009 4:33am Dec 17, 2009 4:33am
He should take profits by June 2010
"Hate the sin, love the sinner." - Gandhi
  • #188,066
  • Dec 17, 2009 4:34am Dec 17, 2009 4:34am
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
Quoting TheGabriel
Please back it up with some reason on don't say it at all as someone might follow your advice.

MOVE STOP LOSSES to break even (0 level of profit) and watch it move down. 40 pips here and still down....

agreed.
  • #188,067
  • Dec 17, 2009 4:34am Dec 17, 2009 4:34am
Thank god we are out of that range! It was killing my account. I have recouped some losses from the week, 20% return today so I'm walking away from the computer now!

I'm thinking it's going to find support around the 6110 - 6100 for a while.

Good luck trading people.
  • #188,068
  • Dec 17, 2009 4:37am Dec 17, 2009 4:37am
Quoting TheGabriel
He should take profits by June 2010
and go long then
  • #188,069
  • Dec 17, 2009 4:40am Dec 17, 2009 4:40am
Quoting Clouds
If u like, but stop losses can be moved to protect profits as well.
Moving SL to BE.."Let the profits run"..
Patience + Discipline =
  • #188,070
  • Dec 17, 2009 4:40am Dec 17, 2009 4:40am
Quoting Clouds
and go long then
Lmao looks like a very promising strategy
20 mins to news, GBP easing. I'm at 75 profit wich is more than good but I want to see if the news will bring more sellers in.
"Hate the sin, love the sinner." - Gandhi
  • #188,071
  • Dec 17, 2009 4:44am Dec 17, 2009 4:44am
Quoting Clouds
If u like, but stop losses can be moved to protect profits as well.
Yes, I always move to BE but the intraday trades I like to manually cut it at the right level, as soon as I see the support.
"Hate the sin, love the sinner." - Gandhi
  • #188,072
  • Dec 17, 2009 4:45am Dec 17, 2009 4:45am
Hello,

This beast just breaks through S1 weekly support at 1.6113 .Current day range 251 pip,we may have ranging around 1.61 for the rest of the day.

atheer1
atheer1
  • #188,073
  • Dec 17, 2009 4:47am Dec 17, 2009 4:47am
short @1.61 tp 1.58 let see
  • #188,074
  • Dec 17, 2009 4:48am Dec 17, 2009 4:48am
We should see a move through 610 to keep the downtrend intact, but it might just sit here. Depends on the news aswell.
"Hate the sin, love the sinner." - Gandhi
  • #188,075
  • Dec 17, 2009 4:53am Dec 17, 2009 4:53am
Just made a new low, waiting news but to me looks still set up to downtrend, still not one tick up for cable so looks good.
"Hate the sin, love the sinner." - Gandhi
  • #188,076
  • Dec 17, 2009 4:55am Dec 17, 2009 4:55am
.....of caution. 90% of the time, sudden sharp moves triggered by news are completely retraced. Ordinarily, I would start building small longs from here, but not during low liquidity.

I did build some shorts on GU which I closed a bit too early, but further downside before Xmas is not a given.
  • #188,077
  • Dec 17, 2009 4:55am Dec 17, 2009 4:55am
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
thoughts pelase
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  • #188,078
  • Dec 17, 2009 4:55am Dec 17, 2009 4:55am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
on a daily chart ,and if my lines are correct , it looks like we are now just on trend line support , around 16085 ?.....bounce or break ?...answer in 5 min ..
  • #188,079
  • Dec 17, 2009 5:03am Dec 17, 2009 5:03am
Ugh! What kind of news is that.. A shitty undecisive ones..
  • #188,080
  • Dec 17, 2009 5:04am Dec 17, 2009 5:04am
Yes very shitty, If i get confirmation I'll take my profit.
"Hate the sin, love the sinner." - Gandhi
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