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Cable Update (GBPUSD)

  • #191,021
  • Jan 6, 2010 6:28am Jan 6, 2010 6:28am
Quoting MHuzaifa
longed@ 1.6089.....will close it if it gets below 1.6050.lets see
Well it's already 80 pips below that level !
COT: The precious data ignored
  • #191,022
  • Jan 6, 2010 6:31am Jan 6, 2010 6:31am
Quoting kuroro001
Well it's already 80 pips below that level !
sorry syntax eror....longed @ 5980......will close it if it breaks 5950
  • #191,023
  • Jan 6, 2010 6:34am Jan 6, 2010 6:34am
Quoting MHuzaifa
sorry syntax eror....longed @ 5980......will close it if it breaks 5950
Ahh better!
I'm still waiting a deep toward 1.5930-40 then i'll go long..
If it doesn't reach that point i'll look at you earning money!
COT: The precious data ignored
  • #191,024
  • Jan 6, 2010 6:37am Jan 6, 2010 6:37am
smiles...best of luck bro
  • #191,025
  • Jan 6, 2010 6:43am Jan 6, 2010 6:43am
Went short at 1.5957 Sl 15.. Tp 30
  • #191,026
  • Jan 6, 2010 6:58am Jan 6, 2010 6:58am
Tempting to go long @1.5940 but too risky before the news:s
COT: The precious data ignored
  • #191,027
  • Jan 6, 2010 7:00am Jan 6, 2010 7:00am
Going up ? bad news for usd
  • #191,028
  • Jan 6, 2010 7:07am Jan 6, 2010 7:07am
Quoting dil
Going up ? bad news for usd

Hows it bad news? I thought anything above forecast is good.

Anyway I have my positions in +ve with SL in green.
  • #191,029
  • Jan 6, 2010 7:08am Jan 6, 2010 7:08am
Quoting neo1599
Hows it bad news? I thought anything above forecast is good.
Actual > Forecast = Good for currency
  • #191,030
  • Jan 6, 2010 7:09am Jan 6, 2010 7:09am
I didn't have the balls to take it at 1.5940...now it'll fly towards 1.6050 without me !!
Hope you guys are loaded...good luck
COT: The precious data ignored
  • #191,031
  • Jan 6, 2010 7:13am Jan 6, 2010 7:13am
Quoting dil
Actual > Forecast = Good for currency

My mistake took the wrong column for forecast.
-----------------------------------------------------

Took a new position @ 5992 Short

Even with news effect the bounce was hardly anything.
  • #191,032
  • Jan 6, 2010 7:21am Jan 6, 2010 7:21am
I go short @5980......
  • #191,033
  • Jan 6, 2010 7:24am Jan 6, 2010 7:24am
Quoting Ctic
Fatgeeza,

If you don't mind I will answer this tomorrow since I have been up for about 22 hours now, with short naps. And don't worry about the questions being basic, I wish I had someone to answer my questions starting out, would of saved me A LOT of money.

C.
No problem. Thanks very much Ctic.

Cheers
Fatgeeza
  • #191,034
  • Jan 6, 2010 7:24am Jan 6, 2010 7:24am
Quoting forexlion
on 15 min, GU will go up for 50 odd pips to complete wave 4 then drop hard for wave 5

enjoy
So we got the drop to a low. Where do we go from here and what is your larger pattern you are following?

slick
  • #191,035
  • Jan 6, 2010 7:29am Jan 6, 2010 7:29am
Quoting slick 60
So we got the drop to a low. Where do we go from here and what is your larger pattern you are following?

slick
my NN setup tells me a bottom should be in place somewhere here on 4 hour charts either 5975 or 5829, either of the 2
  • #191,036
  • Jan 6, 2010 7:36am Jan 6, 2010 7:36am
i short @1.5990
  • #191,037
  • Jan 6, 2010 7:55am Jan 6, 2010 7:55am
Quoting forexlion
my NN setup tells me a bottom should be in place somewhere here on 4 hour charts either 5975 or 5829, either of the 2
Here is my current view of cable. Working in a larger a-b-c upward flat pattern. Currently working on the [b] leg down in 5 waves to end of week or perhaps into the start of next week. Intermediate term delta low due on the 12th.

slick
Attached Image (click to enlarge)
Click to Enlarge Name: Cable 15 min Jan 5.png Size: 39 KB
  • #191,038
  • Jan 6, 2010 8:08am Jan 6, 2010 8:08am
I deserve a beatdown for not following my trading plan!!
Almost 90 pips away from my entry :s

it should reach 1.6040 soon...then i'll wait a little pullback to enter and reach a 1.6150
hope it'll goes that way
GL to all
COT: The precious data ignored
  • #191,039
  • Jan 6, 2010 8:10am Jan 6, 2010 8:10am
Quoting kuroro001
I didn't have the balls to take it at 1.5940...now it'll fly towards 1.6050 without me !!
Hope you guys are loaded...good luck
Mate. Thx You're absolutely rite about this one. I;ve made a huge one from 1.5935 (3 Lot).. moved my sl to BE too

Any suggest further ?
Guide me please
  • #191,040
  • Jan 6, 2010 8:15am Jan 6, 2010 8:15am
Quoting adie1976
Mate. Thx You're absolutely rite about this one. I;ve made a huge one from 1.5935 (3 Lot).. moved my sl to BE too

Any suggest further ?
Ah very nice !!
My first target is 1.6040...but i'm seeing big resistance around 1.6090 so we need to check PA here
A pullback might either around 1.6040-50 or 1.6090...then i hope i'll will clear the 1.61 resistance to go toward 1.6150 and above
But it's only suggestion, it might go totally differently so take care
COT: The precious data ignored
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