Cable Update (GBPUSD) | Page 9602 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #192,021
  • Jan 11, 2010 5:38am Jan 11, 2010 5:38am
Quoting GlobalMacro
Well...Here we go...Exactly as I anticipated in my post on friday those shorts who stayed, got squeezed out...

And as I tried to warn Malcolmb who kept saying "volume at 6100 was HIGHEST for dec" based on H1 "expecting 1.5750"....
My friend, that doesn't work for medium-to-long-term trades......the market always does what is right....no amount of volume (which is especially unreliable in forex) will change that....

Like I said on friday "Rude Awakening" would await those who didn't cover their shorts...


I Will Continue To Carry...
GM excellent stuff bro
I know because I was on the same ride too (welp, except I got off a bit early a few hours ago)
I've reversed my longs & sold. You're not planning on covering?
Thank You
  • #192,022
  • Jan 11, 2010 5:45am Jan 11, 2010 5:45am
This is my third good Swing trade in a row ...Took 90 pips on GBPUSD

Even hit my 3X...
http://www.forexfactory.com/showpost...stcount=191931


Cheers and good pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbpfinished.gif Size: 19 KB
"Buy on fear, sell on greed !!!
  • #192,023
  • Jan 11, 2010 5:46am Jan 11, 2010 5:46am
Quoting scurt
Could you tell me why you enter this trade?
RSI situation in hourly charts is somewhat overbought. Plus I see a resistance just below 1.6200. This made me think that GBP/USD may select 1.6200 for a temporary turning point (retrace).

If I am wrong then will be stopped out few pips above or around 1.6210
Don't tell me how much you can earn. Tell me how much you may lose..
  • #192,024
  • Jan 11, 2010 5:50am Jan 11, 2010 5:50am
Short 1.6190. Looking for 1.6078/104 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #192,025
  • Jan 11, 2010 5:54am Jan 11, 2010 5:54am
Quoting wormboy
GM excellent stuff bro
I know because I was on the same ride too (welp, except I got off a bit early a few hours ago)
I've reversed my longs & sold. You're not planning on covering?
Great to hear WB....well done too bro...

However, I do like the momentum right now... it's exceptionally aggressive...
I will let the long position run for awhile...
Hear the music before the song is over ...
  • #192,026
  • Jan 11, 2010 5:58am Jan 11, 2010 5:58am
Quoting kilalik
how long can you have your trade open? I'm with GFT and it's about 3 days then they carry my P/L.
P&L is carried "mark-to-market"...
Hear the music before the song is over ...
  • #192,027
  • Jan 11, 2010 6:00am Jan 11, 2010 6:00am
Quoting manize
Short 1.6190. Looking for 1.6078/104 !
Very risky trade...Huge up trend and short isnt good...just my advice...I took my profits but i see huge swing i didnt take it i was sleep...


This is the chart >



Cheers and good pips
Attached Image (click to enlarge)
Click to Enlarge Name: becareful.gif Size: 15 KB
"Buy on fear, sell on greed !!!
  • #192,028
  • Jan 11, 2010 6:02am Jan 11, 2010 6:02am
Quoting GlobalMacro
Great to hear WB....well done too bro...

However, I do like the momentum right now... it's exceptionally aggressive...
I will let the long position run for awhile...
Grr, like a tiger.....

Taking mine off at 1.6200 Bro.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #192,029
  • Jan 11, 2010 6:03am Jan 11, 2010 6:03am
Quoting manize
Short 1.6190. Looking for 1.6078/104 !
in my opinion we need at least one h1 candle to close in red, because at this moment all i can see is higher highs and higher lows on hourly tf.
  • #192,030
  • Jan 11, 2010 6:04am Jan 11, 2010 6:04am
Quoting Petar_Serbia
Very risky trade...Huge up trend and short isnt good...just my advice...I took my profits but i see huge swing i didnt take it i was sleep...


This is the chart >



Cheers and good pips
Yup..Trade with the trend is a better idea imho..
  • #192,031
  • Jan 11, 2010 6:04am Jan 11, 2010 6:04am
Quoting GlobalMacro
Well...Here we go...Exactly as I anticipated in my post on friday those shorts who stayed, got squeezed out...

And as I tried to warn Malcolmb who kept saying "volume at 6100 was HIGHEST for dec" based on H1 "expecting 1.5750"....
My friend, that doesn't work for medium-to-long-term trades......the market always does what is right....no amount of volume (which is especially unreliable in forex) will change that....

Like I said on friday "Rude Awakening" would await those who didn't cover their shorts...


I Will Continue To...
GM - looks like only you and I thought this might go higher end of last week. For me really appears that the intermediate delta low is in and now for about a 2 week move north. Should complete wave 1 up today from 5895. I see working on an extended 5th wave of the 5th wave of this 1st wave up from 5895. Appears there is some old resistance in the 6250 area that may be a stopping point for this initial move. That will be wave 1 contrary to what all the people in this forum will be saying about it being the end and we will be going back down again. "N O T !!! "
  • #192,032
  • Jan 11, 2010 6:12am Jan 11, 2010 6:12am
Anyone selling the EUR.....

I just did.....
Attached Image (click to enlarge)
Click to Enlarge Name: EUR.JPG Size: 100 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #192,033
  • Jan 11, 2010 6:15am Jan 11, 2010 6:15am
Quoting Bull_Bear
Grr, like a tiger.....

Taking mine off at 1.6200 Bro.
nice job too bro...

but I gotta stay true to this one fo now....as long as there is still a lot a' meat left...
Hear the music before the song is over ...
  • #192,034
  • Edited 6:47am Jan 11, 2010 6:16am | Edited 6:47am
Quoting sibajnok
in my opinion we need at least one h1 candle to close in red, because at this moment all i can see is higher highs and higher lows on hourly tf.
Quoting Petar_Serbia
Very risky trade...Huge up trend and short isnt good...just my advice...I took my profits but i see huge swing i didnt take it i was sleep...


This is the chart >



Cheers and good pips
Thanks. I maybe earlier but my resistant is started from 1.6185 - 1.6217. I put stop at 1.6225/30 !
Attached Image (click to enlarge)
Click to Enlarge Name: 110110a.gif Size: 87 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #192,035
  • Jan 11, 2010 6:23am Jan 11, 2010 6:23am
Quoting Bull_Bear
Anyone selling the EUR.....

I just did.....
Hmm big no...


This is my chart from yesterday http://www.forexfactory.com/showpost...stcount=179375


Cheers i must go now
"Buy on fear, sell on greed !!!
  • #192,036
  • Jan 11, 2010 6:30am Jan 11, 2010 6:30am
Quoting slick 60
GM - looks like only you and I thought this might go higher end of last week....
Hey Slick....yup....

I don't use EW but it looks good....
Hear the music before the song is over ...
  • #192,037
  • Jan 11, 2010 6:34am Jan 11, 2010 6:34am
Quoting Petar_Serbia
Hmm big no...


This is my chart from yesterday http://www.forexfactory.com/showpost...stcount=179375


Cheers i must go now
I recall you to be the guy making 1000's of pips every week....

Good for you.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #192,038
  • Jan 11, 2010 6:37am Jan 11, 2010 6:37am
Quoting GlobalMacro
Hey Slick....yup....

I don't use EW but it looks good....
Enjoy green +++ world bro
I will not say take care because u know what u do
  • #192,039
  • Jan 11, 2010 6:40am Jan 11, 2010 6:40am
Quoting Bull_Bear
I recall you to be the guy making 1000's of pips every week....

Good for you.
Lol...

No man but i make 1000 pips per month....about 1000....

I just said my advice...


Take care guys
"Buy on fear, sell on greed !!!
  • #192,040
  • Jan 11, 2010 6:46am Jan 11, 2010 6:46am
Quoting Petar_Serbia
Lol...

No man but i make 1000 pips per month....about 1000....

I just said my advice...


Take care guys
Like i said good for you

I don't know why i bother....
Veni, Vidi, Vici (We came, we saw, we conquered)
489 traders viewing now, 3 are registered:
,
,