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Cable Update (GBPUSD)

  • #188,581
  • Dec 21, 2009 3:03am Dec 21, 2009 3:03am
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  • #188,582
  • Dec 21, 2009 3:05am Dec 21, 2009 3:05am
sell cable @6100 SL=6150 TP=6050..
Patience + Discipline =
  • #188,583
  • Dec 21, 2009 3:16am Dec 21, 2009 3:16am
Quoting GlobalMacro
Longs set late friday @ 1.6090 looking good
Cable trading @ 1.6132 right now, did trade up to a high of 1.6165 late
friday into saturday

I will continue to carry the long position...
GM, we are on opposite ends again.

I'll do a GM, SHORTS in play... 1.6000 is a nice TP.

You seem to be going strong, no break for the silly season?
Attached Image (click to enlarge)
Click to Enlarge Name: Cable.JPG Size: 128 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #188,584
  • Dec 21, 2009 3:16am Dec 21, 2009 3:16am
Quoting Jemmy
sell cable @6100 SL=6150 TP=6050..
rr 1:1 ?
  • #188,585
  • Dec 21, 2009 3:21am Dec 21, 2009 3:21am
Quoting Baby-Trader
rr 1:1 ?
I've seen it too ...i've seen also risk > reward somewhere
I'm doing 1:2, signals usually are about 70% good so should payoff.
"Hate the sin, love the sinner." - Gandhi
  • #188,586
  • Dec 21, 2009 3:27am Dec 21, 2009 3:27am
i think i might give up watching the markets for now

i need refreshment after continuous losses in the past few weeks .... i need to build up my luck ...

Good luck everybody ..
{Promotion Removed}
  • #188,587
  • Dec 21, 2009 3:33am Dec 21, 2009 3:33am
Quoting kasooi
Hi, how far do you think it will move down in your opinion?

If it follows the trendline exactly, it will end up at around 6080, and judging from the speed of things today I'd say that is kind of hopeful if the market doesn't start moving soon....
Good i was right, but I didn't take it as a signal to trade...anyway i think we'll see 1.6000.

Euro looks like it has lost some speed and it's retracing, i think we're in range on major part of the pairs.
"Hate the sin, love the sinner." - Gandhi
  • #188,588
  • Dec 21, 2009 3:39am Dec 21, 2009 3:39am
Quoting TheGabriel
Good i was right, but I didn't take it as a signal to trade...anyway i think we'll see 1.6000.

Euro looks like it has lost some speed and it's retracing, i think we're in range on major part of the pairs.
I tend to agree with you because that point is the 138.2 fib line for the monthly fibs. Once it hits that point depending on the day it hits it, we may be in for a week of going up to end the monthly candle and begin the new monthly candle. Could go as low as 1.5900 before it retraces since that is the 161.8 fib. going to bed though, I am not going to wait it out for the night, I made 65 pips tonight, not one of my better nights though.
  • #188,589
  • Dec 21, 2009 3:50am Dec 21, 2009 3:50am
Quoting Baby-Trader
rr 1:1 ?
thanks baby-trader..that is a bad MM, R:R = 1:1..

move TP=5950 ; SL=6170..now R:R ~ 2:1..what do U think?

if my target only small pips like 30 pips, if R:R=2:1, the SL only 15 pips i think to small for cable..please give me some advices..thanks..
Patience + Discipline =
  • #188,590
  • Dec 21, 2009 3:51am Dec 21, 2009 3:51am
1.04500 is holding 4 me on USDCHF but if EUR does not get back under 1.430 I don't think it will hold for too long. Good luck fellas!
"Hate the sin, love the sinner." - Gandhi
  • #188,591
  • Edited 4:18am Dec 21, 2009 3:58am | Edited 4:18am
SL HIT = -30 and all pairs are retracing, do not hold your losses 4 too long
Edit: and eur keep rising, hope will not range too much
"Hate the sin, love the sinner." - Gandhi
  • #188,592
  • Dec 21, 2009 4:22am Dec 21, 2009 4:22am
Quoting GlobalMacro
The late drop in cable looks overstretched to me
There is a decent support here

I am buying here @ 1.6090
Good Morning,

Cable traded as high as 1.6165 before retesting 1.6090
She's trading 1.6131 right now and looking good

I will continue to carry the long position....
Attached Image
Hear the music before the song is over ...
  • #188,593
  • Dec 21, 2009 4:27am Dec 21, 2009 4:27am
Quoting egkid
Well, we suppose to retrace but that could not happen
In brief here my view and I'm sure you will take care.
PS:http://www.forexfactory.com/showthre...63#post3318263
I don't use any MAs myself.....but looking at yours.....it's still pointing up...and the majority of PA since may 09 traded above it.....
Hear the music before the song is over ...
  • #188,594
  • Dec 21, 2009 4:31am Dec 21, 2009 4:31am
Quoting GlobalMacro
Good Morning,

Cable traded as high as 1.6165 before retesting 1.6090
She's trading 1.6131 right now and looking good

I will continue to carry the long position....
Cable is following an uptrend channell from bottom 6048, i'd keep your long aswell
"Hate the sin, love the sinner." - Gandhi
  • #188,595
  • Dec 21, 2009 4:36am Dec 21, 2009 4:36am
Quoting Bull_Bear
GM, we are on opposite ends again.

I'll do a GM, SHORTS in play... 1.6000 is a nice TP.

You seem to be going strong, no break for the silly season?
lol...

BB, how's it going bro?

I already took couple of mini-breaks...besides there're still couple of days left...

good to see you, man...
Hear the music before the song is over ...
  • #188,596
  • Dec 21, 2009 4:39am Dec 21, 2009 4:39am
don`t see uptrend at all... still in short till 6150 will not be break
Attached Image (click to enlarge)
Click to Enlarge Name: Gbp-USD_15m_chart.jpg Size: 90 KB
  • #188,597
  • Dec 21, 2009 4:46am Dec 21, 2009 4:46am
Hello Fellows, I haven't really been on here for a while. How is the trading going for you guys these days?
Probability Professor
  • #188,598
  • Dec 21, 2009 4:54am Dec 21, 2009 4:54am
Trade opened: Buy gbp/jpy 145.941; sl= 145.72 tp=146.49

Edit: tp corrected, 146.49 not .30
"Hate the sin, love the sinner." - Gandhi
  • #188,599
  • Dec 21, 2009 4:56am Dec 21, 2009 4:56am
Quoting TheGabriel
SL HIT = -30 and all pairs are retracing, do not hold your losses 4 too long
Edit: and eur keep rising, hope will not range too much
long at the long lower shadows..GM got it right in terms of bear weakness at these levels

good setup on euro at the moment for a few pips

wait for the high of the pin to break to enter..hopefully it will work out
Attached Image (click to enlarge)
Click to Enlarge Name: trade2.gif Size: 25 KB
  • #188,600
  • Dec 21, 2009 4:58am Dec 21, 2009 4:58am
Trade Enterd: GBPUSD
Sell 1.6135 SL 1.6165 TP 1.6050
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