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Cable Update (GBPUSD)

  • #188,821
  • Dec 22, 2009 4:08am Dec 22, 2009 4:08am
Quoting CzechTrade
i am long from 6031.. waiting if the 1h candle closes above the support trendline
ouch- why peeing against all this weakness?

http://www.forexfactory.com/showthre...49#post3321049
  • #188,822
  • Dec 22, 2009 4:13am Dec 22, 2009 4:13am
Quoting fx local
agree, reasonable strategy, would be careful in xmas market, silly things can happen with thin year end trade, be careful guys protect yourselves!!!

G/L
Certaintly is the silly season...... She's on approach to 1.6000....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #188,823
  • Dec 22, 2009 4:16am Dec 22, 2009 4:16am
Quoting wormboy
Agreed brother
this thing is sinking lower ..
Wormie, always kicking around mate....

Wots doin for Xmas mate?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #188,824
  • Dec 22, 2009 4:22am Dec 22, 2009 4:22am
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?

There you go nice TP...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #188,825
  • Dec 22, 2009 4:22am Dec 22, 2009 4:22am
Quoting Bull_Bear
Certaintly is the silly season...... She's on approach to 1.6000....
yes, cable been stuck in range for a while now, with btoh ends providing good trading opps, all main bets off until new year starts, normally jan brings dollar strength, equity weakness, 2010 will be interesting year nonetheless,

happy trading to all
Trading is 80% Emotional, 20% Technical
  • #188,826
  • Dec 22, 2009 4:27am Dec 22, 2009 4:27am
Hello,

I was short at 1.6091 SL at 1.6131,now I am taking 3/4 of my position for +90 pips moving SL to BE for the rest of my position.

May I enjoy a free ride?

atheer1
atheer1
  • #188,827
  • Dec 22, 2009 4:36am Dec 22, 2009 4:36am
Quoting fx local
yes, cable been stuck in range for a while now, with btoh ends providing good trading opps, all main bets off until new year starts, normally jan brings dollar strength, equity weakness, 2010 will be interesting year nonetheless,

happy trading to all
Yup no dramatic movements for now... range trading is the way to go, at least till the new year. Agreed, I expect cable sub 1.6000 in the new and heading towards 1.5000.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #188,828
  • Dec 22, 2009 5:03am Dec 22, 2009 5:03am
  •  IbkA
  • | Joined Nov 2009 | Status: 'Hope' + 'Greed' = GAMBLING... | 514 Posts
Hi BB

Been studying both yours and Global Macro's opposing views over the past few days, as DT's not around to add his views to the debate, not trading either side while observing what goes on over Xmas.

How did you know this would hit 1.6000, and has it bottomed out for the day or should we expect a blow through of 1.6000 in the US session?

i


Quoting Bull_Bear
Yup no dramatic movements for now... range trading is the way to go, at least till the new year. Agreed, I expect cable sub 1.6000 in the new and heading towards 1.5000.
  • #188,829
  • Dec 22, 2009 5:04am Dec 22, 2009 5:04am
Price play below 1.6975. Further downside to 1.5965 or more further 1.5900??
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #188,830
  • Dec 22, 2009 5:07am Dec 22, 2009 5:07am
Quoting scurt
sell@6090 sl6110 tp6025

TP HIT!

I am long now 1.6009 sl5980, tp6070
  • #188,831
  • Dec 22, 2009 5:19am Dec 22, 2009 5:19am
Quoting IbkA
Hi BB

Been studying both yours and Global Macro's opposing views over the past few days, as DT's not around to add his views to the debate, not trading either side while observing what goes on over Xmas.

How did you know this would hit 1.6000, and has it bottomed out for the day or should we expect a blow through of 1.6000 in the US session?

i
I didn't know 100% for sure that 1.6000 would hit, however its likely to stabilise at a physc level with the TREND. I don't expect 1.6000, 1.5980 to be breached badly, if its does next level down is 1.5920... max

To counter TREND trade like GM you need to understand your levels thoroughly of which he does quiet successfully.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #188,832
  • Dec 22, 2009 5:26am Dec 22, 2009 5:26am
  •  IbkA
  • | Joined Nov 2009 | Status: 'Hope' + 'Greed' = GAMBLING... | 514 Posts
Thanks so much for replying.

Used to be quite interesting to observe you, DT, Malcomb and Global Macro posting your views on this thread before newer guys came in and took over.

I'm quite interested in 'learning' this trade rather than responding to calls, so every analysis that goes along with your posts helps newbies like me.

Thanks again.

i

Quoting Bull_Bear
I didn't know 100% for sure that 1.6000 would hit, however its likely to stabilise at a physc level with the TREND. I don't expect 1.6000, 1.5980 to be breached badly, if its does next level down is 1.5920... max

To counter TREND trade like GM you need to understand your levels thoroughly of which he does quiet successfully.
  • #188,833
  • Dec 22, 2009 5:36am Dec 22, 2009 5:36am
Quoting IbkA
Thanks so much for replying.

Used to be quite interesting to observe you, DT, Malcomb and Global Macro posting your views on this thread before newer guys came in and took over.

I'm quite interested in 'learning' this trade rather than responding to calls, so every analysis that goes along with your posts helps newbies like me.

Thanks again.

i

No problems mate. Keep at it and you'll be right.... remember KIS (Keep It Simple). Trend, Support/Resistence, Fibs.....

Good Luck
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #188,834
  • Dec 22, 2009 5:44am Dec 22, 2009 5:44am
Quoting Bull_Bear
Wormie, always kicking around mate....

Wots doin for Xmas mate?


lol .. just a few positions brother, loaded up a few for gy.
busy day at the office tho. still partying i take it?
Thank You
  • #188,835
  • Dec 22, 2009 5:51am Dec 22, 2009 5:51am
Sorry its a bit late, but this move looks like its going to be quite a mover anyway, its not going to matter that your not in at point zero. Please see chart attached.
Attached Image (click to enlarge)
Click to Enlarge Name: saw wave 110 level.gif Size: 30 KB
  • #188,836
  • Dec 22, 2009 6:22am Dec 22, 2009 6:22am
We going up ?
  • #188,837
  • Dec 22, 2009 6:22am Dec 22, 2009 6:22am
Quoting scurt
TP HIT!

I am long now 1.6009 sl5980, tp6070
Hello,

Why long,Reasons?

For me this will be a loss.
atheer1
atheer1
  • #188,838
  • Dec 22, 2009 6:27am Dec 22, 2009 6:27am
Short 1.6035 M5/ema62, looking for S2/1.5946 !
Attached Image (click to enlarge)
Click to Enlarge Name: 221209.gif Size: 74 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #188,839
  • Dec 22, 2009 6:28am Dec 22, 2009 6:28am
hello,

Wonder why some traders are looking for long,why not taking retracement for a sell,definitly more safe.

atheer1
atheer1
  • #188,840
  • Dec 22, 2009 6:32am Dec 22, 2009 6:32am
Quoting atheer1
hello,

Wonder why some traders are looking for long,why not taking retracement for a sell,definitly more safe.

atheer1
if all are winners who will be losers
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