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Cable Update (GBPUSD)

  • #188,101
  • Dec 17, 2009 6:59am Dec 17, 2009 6:59am
I wish you well on your sell, hope you are not caught unaware..... I seem to see temporary long for some 50-100pips before further down if possible...


Quoting johto
Same here, already at break even and +25 pips.
I managed to sell at the top of the overbought @ 1.6138

Lets see if it can get more room to breath
  • #188,102
  • Dec 17, 2009 6:59am Dec 17, 2009 6:59am
@jaboo
Quote
if the unemployment claims are worse than expected thats clearly going to be bad for the dollar. at that point would your bias still be dollar strength or could that change the direction of where this puppy is going?

Being right too early simply means that You are wrong.
Trader from Croatia
  • #188,103
  • Dec 17, 2009 7:02am Dec 17, 2009 7:02am
Quoting fendi
I wish you well on your sell, hope you are not caught unaware..... I seem to see temporary long for some 50-100pips before further down if possible...
Hey, I already have my stop at break even, so its all free trading
  • #188,104
  • Dec 17, 2009 7:09am Dec 17, 2009 7:09am
Quoting johto
I'm still kicking at +27 pips...lets see if it survives the news
Just sold it before news +15 now.
"Hate the sin, love the sinner." - Gandhi
  • #188,105
  • Dec 17, 2009 7:11am Dec 17, 2009 7:11am
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
Quoting Stocky Monk
Hi Jaboo,

Dollars current bid move is of the back of bad credit rating issues in Greece....this has also caused gold and silver to drop as investors are investing into the so called safety of the USD (world currency).
The last NFP's were much much better than expected which in turn implies that unemployment claims should have dropped aswell. The expected/ forecasted figure is also showing this.
[color=black][font=Verdana]If...
thanks a lot stocky monkey! i appreciate that you took the time to answer my question.
  • #188,106
  • Dec 17, 2009 7:12am Dec 17, 2009 7:12am
Closed all very fast, some volume came in, i wait news now.
"Hate the sin, love the sinner." - Gandhi
  • #188,107
  • Dec 17, 2009 7:12am Dec 17, 2009 7:12am
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
Quoting Geene
@jaboo


Being right too early simply means that You are wrong.
i think you misunderstood what i was asking.

i wasnt assuming the news is going to be one way or the other.
  • #188,108
  • Dec 17, 2009 7:16am Dec 17, 2009 7:16am
In this case,sorry..
Trader from Croatia
  • #188,109
  • Dec 17, 2009 7:31am Dec 17, 2009 7:31am
Bad news for dollar, but I'm already out with profits... so
"Hate the sin, love the sinner." - Gandhi
  • #188,110
  • Dec 17, 2009 7:34am Dec 17, 2009 7:34am
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
kinda looks like we're shaking it off.
  • #188,111
  • Dec 17, 2009 7:38am Dec 17, 2009 7:38am
Yep I think markets will get quiet now.
"Hate the sin, love the sinner." - Gandhi
  • #188,112
  • Dec 17, 2009 7:52am Dec 17, 2009 7:52am
Quoting Lejumeau
close all my short for a 160 pip. will get back in tomorow time for sleep and it sleep alot better when you dont have a open position

This is when I closed last nigth before going to bed at 6250

then I woke up this morning and this is what a see on my chart
200 pip more down move, Grrr should stay inand bring my stop just above the weekly pivot
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  • #188,113
  • Dec 17, 2009 8:02am Dec 17, 2009 8:02am
what about buy at 16100?? will cable bulish tonight?? cause cable have abotu 260 pip range today, n now is in the lowest price... will it bulish??? let's see that...^^
  • #188,114
  • Dec 17, 2009 8:05am Dec 17, 2009 8:05am
I'm going long with a stop just below the weekly resistance
Good place to get in. GBP respect the weekly pretty good if you look at the past especialy the weekly resistance 1 and 2
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  • #188,115
  • Dec 17, 2009 8:06am Dec 17, 2009 8:06am
Sell 1.6110 SL 1.6160 TP 1.6010
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #188,116
  • Dec 17, 2009 8:16am Dec 17, 2009 8:16am
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
long at .6095. put sl at breakeven after 10 pips since its a counter trend move.
  • #188,117
  • Dec 17, 2009 8:16am Dec 17, 2009 8:16am
Just get in at 6107 just before that little trust move already +20
first target 6145 to retest the previous daily resistance
  • #188,118
  • Dec 17, 2009 8:17am Dec 17, 2009 8:17am
Quoting jaboo
long at .6095. put sl at breakeven after 10 pips since its a counter trend move.
Nice and safe entry Jaboo rigth at the peek low
  • #188,119
  • Dec 17, 2009 8:27am Dec 17, 2009 8:27am
That last candle react pretty fast and violent it migth be a sign of weekness for the bear and Sto is oversold
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  • #188,120
  • Dec 17, 2009 8:28am Dec 17, 2009 8:28am
Quoting Yngwie
Sell 1.6110 SL 1.6160 TP 1.6010
Hi matey,

when you give calls, what is your logic behind the particular call?
There are a lot of newbies here as mentioned to you before..please explain your call..so they know what you are basing your call on...

imho this is a dud trade..Which means
1. There is no basis ie fundamental,techincal or logical..( I am not having a go at you ,sorry if you feel so)
2.1.6104 is base support from sep 2nd and we clearly have seen a massive pull back from this level.
3. Instead of shorting on retracement at previous support which should be resistance you are shorting from a new low ????
4. I agree with you stop as it is based on the previous support being broken but there is no room for stop hunting....ie 15 pips or so
5. Where are you charts...
6. The Daily range of cable has to be taken into consideration....For example 180 pips
7. The risk reward per trade should be at least 80% toward your favour in this trade it is 50%50 if you trade comes through it is not what I would call a great trade....

I have seen you trade over the last couple of months...and you are getting better there is not doubt but I am now really having diffictuly understanding your trades...Please post you thought in a private journal if you trying to track your trades as newbies can easily be misled

Hopefully you do not take what i have written in a negative way.
Good Luck for the new year..

GeppyG
Let Price determine your future!
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