Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#188,581
Dec 21, 2009 1:03am Dec 21, 2009 1:03am

FXTheOne
| Joined Dec 2009 | Status: Trader | 124 Posts

deleted

#188,582
Dec 21, 2009 1:05am Dec 21, 2009 1:05am

Jemmy
| Joined Oct 2009 | Status: BIG DOG | 492 Posts

sell cable @6100 SL=6150 TP=6050..

Patience + Discipline =

#188,583
Dec 21, 2009 1:16am Dec 21, 2009 1:16am

Bull_Bear
Joined Mar 2009 | Status: FX | 3,789 Posts

Quoting GlobalMacro

Disliked

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...

Ignored

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)

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Veni, Vidi, Vici (We came, we saw, we conquered)

#188,584
Dec 21, 2009 1:16am Dec 21, 2009 1:16am

Baby-Trader
Joined Oct 2009 | Status: Trader | 1,342 Posts

Quoting Jemmy

Disliked

sell cable @6100 SL=6150 TP=6050..

Ignored

rr 1:1 ?

#188,585
Dec 21, 2009 1:21am Dec 21, 2009 1:21am

TheGabriel
| Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts

Quoting Baby-Trader

Disliked

rr 1:1 ?

Ignored

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 1:27am Dec 21, 2009 1:27am

earthsmate
| Joined Feb 2009 | Status: Trader | 158 Posts

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 1:33am Dec 21, 2009 1:33am

TheGabriel
| Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts

Quoting kasooi

Disliked

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....

Ignored

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 1:39am Dec 21, 2009 1:39am

Ctic
Joined Oct 2009 | Status: The Voodoo Boodoo Club | 1,419 Posts

Quoting TheGabriel

Disliked

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.

Ignored

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 1:50am Dec 21, 2009 1:50am

Jemmy
| Joined Oct 2009 | Status: BIG DOG | 492 Posts

Quoting Baby-Trader

Disliked

rr 1:1 ?

Ignored

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 1:51am Dec 21, 2009 1:51am

TheGabriel
| Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts

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 2:18am Dec 21, 2009 1:58am | Edited 2:18am

TheGabriel
| Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts

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 2:22am Dec 21, 2009 2:22am

GlobalMacro
Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts

Quoting GlobalMacro

Disliked

The late drop in cable looks overstretched to me
There is a decent support here

I am buying here @ 1.6090

Ignored

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 2:27am Dec 21, 2009 2:27am

GlobalMacro
Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts

Quoting egkid

Disliked

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

Ignored

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 2:31am Dec 21, 2009 2:31am

TheGabriel
| Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts

Quoting GlobalMacro

Disliked

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....

Ignored

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 2:36am Dec 21, 2009 2:36am

GlobalMacro
Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts

Quoting Bull_Bear

Disliked

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?

Ignored

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 2:39am Dec 21, 2009 2:39am

scurt
| Joined Jun 2009 | Status: Trader | 622 Posts

don`t see uptrend at all... still in short till 6150 will not be break

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#188,597
Dec 21, 2009 2:46am Dec 21, 2009 2:46am

Galation
| Joined Oct 2008 | Status: A witty saying proves nothing. | 1,178 Posts

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 2:54am Dec 21, 2009 2:54am

TheGabriel
| Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts

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 2:56am Dec 21, 2009 2:56am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting TheGabriel

Disliked

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

Ignored

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

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