Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#192,301
Jan 12, 2010 5:36am Jan 12, 2010 5:36am

albchr
Joined Mar 2009 | Status: Trader | 25,480 Posts

Quoting GlobalMacro

Disliked

great to hear....buddy...
me...lol...I gotta do what I gotta do....lol

Wish you all the best for 2010!

Ignored

And you do it well...

Same to you my friend! May we ALL have a very profitable year...

Ghost Rider - WWTBMD?

#192,302
Jan 12, 2010 5:40am Jan 12, 2010 5:40am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

Quoting Baby-Trader

Disliked

Thanks Wormboy,
yesterday when I was deeply looking at charts I felt that and post it.

Ignored

You're welcome
Keep up the good work tho, at least you're trying to put some effort in justifying your positions. Many of us here can appreciate that over the usual nonsense of "it's going up/it's going down" bs

Have a good one

Thank You

#192,303
Jan 12, 2010 5:43am Jan 12, 2010 5:43am

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

Quoting GlobalMacro

Disliked

Bearish momentum subsided today
Cable tested former down TL around 1.5920 and bounced

As such I'm buying here @ 1.5955 ...just below yesterday's stopout level anticipating re-entry into prior range zone.

Merry Christmas!

Ignored

Cable's bullish momentum intact
Price could never fill Sunday's bullish gap
Two consecutive days of higher highs and higher lows
Three days of higher lows so far
And a prominent double-dip on daily & weekly
Price sitting comfortably above minor resistance of 1.6120

I Will Continue To Carry My Long Position Set @ 1.5955

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Hear the music before the song is over ...

#192,304
Jan 12, 2010 5:45am Jan 12, 2010 5:45am

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

Quoting wormboy

Disliked

You're welcome
Keep up the good work tho, at least you're trying to put some effort in justifying your positions. Many of us here can appreciate that over the usual nonsense of "it's going up/it's going down" bs

Have a good one

Ignored

Thanks wormboy, hope you and everyone achieves his goals.

but what are the goals?!!!

#192,305
Jan 12, 2010 5:51am Jan 12, 2010 5:51am

manize
| Joined Dec 2007 | Status: Trader | 3,220 Posts

I took a long, looking for 1.6180. I hope next H1/H4 hold above 1.6121 ( DP Today)/135 !

I only trade XAU/USD. Based on USD news & Fib SR & BB20

#192,306
Jan 12, 2010 6:02am Jan 12, 2010 6:02am

vilas
| Joined Aug 2007 | Status: Trader | 632 Posts

Quoting GlobalMacro

Disliked

I thought you said you "hedged"...

What you just did was not hedging...

Ignored

Happy New year GM ! Saw your comments and thought would seek your guidance.
I sometimes do what BT did - due to exigencies, put in opposite position when leaving PC. So, it becomes Hedging. Then, one has to cut the newly put position which is usually in profit. Do it a few times and you make up part of your loss and Get out on a good day. I know, one has to miss opportunities while he is hedged but sometime there is no other way. Understand about cutting loss - I do it not as denial but as safety tactic.

Is it very difficult to manage such plays ? Shall thank you to know.

Vilas.

#192,307
Jan 12, 2010 6:08am Jan 12, 2010 6:08am

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

just a note:
last couple of weeks I noted that:
Aisa Buy -- London Sell --- New Yourk Buy.

this week
Asia Sell -- London Buy -- New Yourk Sell

#192,308
Jan 12, 2010 6:17am Jan 12, 2010 6:17am

manize
| Joined Dec 2007 | Status: Trader | 3,220 Posts

+ 30 pips !

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I only trade XAU/USD. Based on USD news & Fib SR & BB20

#192,309
Jan 12, 2010 6:22am Jan 12, 2010 6:22am

gammase1
Joined Jun 2008 | Status: Trader | 1,739 Posts

Quoting vilas

Disliked

Happy New year GM ! Saw your comments and thought would seek your guidance.
I sometimes do what BT did - due to exigencies, put in opposite position when leaving PC. So, it becomes Hedging. Then, one has to cut the newly put position which is usually in profit. Do it a few times and you make up part of your loss and Get out on a good day. I know, one has to miss opportunities while he is hedged but sometime there is no other way. Understand about cutting loss - I do it not as denial but as safety tactic.

Is it very difficult to manage such plays...

Ignored

What you describe is being "flat" and is not a "hedge"....

A hedge could entail entering a FX option in the pair, or a bond position to strip out the interest rate risk, or an opposing position in either a closely correlated currency pair or another asset...

#192,310
Jan 12, 2010 6:26am Jan 12, 2010 6:26am

Jassim
| Membership Revoked | Joined Dec 2009 | 143 Posts

There comes another piece of news from China...Asset Prices dip due to China restricts policies around assets...This might drag the currencies down

#192,311
Jan 12, 2010 6:28am Jan 12, 2010 6:28am

dil
| Membership Revoked | Joined Dec 2009 | 884 Posts

uptrend baby

#192,312
Jan 12, 2010 6:41am Jan 12, 2010 6:41am

Petar_Serbia
| Commercial User | Joined May 2009 | 5,751 Posts

This is my just opened GBPUSD Swing trading > i was late 20 pips but its ok...

Cheers and good pips

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"Buy on fear, sell on greed !!!

#192,313
Jan 12, 2010 6:57am Jan 12, 2010 6:57am

kilalik
| Joined Jan 2010 | Status: Trader | 685 Posts

crazy car crash outside my window, so one guy leaving with his gf out the parking lot makes a right onto the street and gets hit in the back really hard and then gets slammed into 2 other parked cars squash!!! he just gained about 10000 pips and possibly a new car!!!

#192,314
Jan 12, 2010 7:09am Jan 12, 2010 7:09am

fxblinkers
| Joined Nov 2009 | Status: Are we there yet? | 247 Posts

Do you guys think we going down from here...1.6150

#192,315
Jan 12, 2010 7:14am Jan 12, 2010 7:14am

Shad
| Additional Username | Joined Dec 2009 | 244 Posts

Just Added To My Previous Short @ 155

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* Never Trust To Any Indicator *

#192,316
Jan 12, 2010 7:33am Jan 12, 2010 7:33am

kill56
Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts

Quoting Petar_Serbia

Disliked

This is my just opened GBPUSD Swing trading > i was late 20 pips but its ok...

Cheers and good pips

Ignored

hi petar

which indi u are talking about name it and u will have it bro

#192,317
Jan 12, 2010 7:36am Jan 12, 2010 7:36am

dil
| Membership Revoked | Joined Dec 2009 | 884 Posts

Better to stay with long

#192,318
Jan 12, 2010 7:43am Jan 12, 2010 7:43am

Privet
| Joined Oct 2009 | Status: Life is beautiful ! | 545 Posts

Quoting dil

Disliked

Better to stay with long

Ignored

Resistance 3 1.6165 78.6%
Resistance 2 1.6229 127.2%
Resistance 1 1.6275 161.8%
Current Price 1.6145
Support 1 1.6044 50%
Support 2 1.6009 61.8%
Support 3 1.5959 78.6% on daily

#192,319
Jan 12, 2010 7:47am Jan 12, 2010 7:47am