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Cable Update (GBPUSD)

  • #192,761
  • Jan 13, 2010 9:52am Jan 13, 2010 9:52am
Quoting m.haggag
sell ???
YES
  • #192,762
  • Jan 13, 2010 9:53am Jan 13, 2010 9:53am
Quoting wormboy
Hi vilas ..
I'm sure I wasn't the only one short yesterday.
Remember this?:
1. http://www.forexfactory.com/showpost...postcount=2579

Think myself & GM were the only ones who carried longs over the weekend.
Point is, price had brokeout from 6165 today. So I now see no reason to short, unless scalping.
And yes sir, I do reverse my positions like the wind blows till a proper trend is established.
Reversing : That is of as it should be. I missed entry at 1.6170 - just had to take a nap and it is my weakness not to put Pending orders. By the time I am at PC again hour later - price is 6219. So - mad. Miscalculated, entered short a little earlier than right point - still got into profit which I did not accept and then missed profit again as I left to Play with and feed my beloved Cats. Disastrous Day

Cheers.
  • #192,763
  • Jan 13, 2010 9:55am Jan 13, 2010 9:55am
Quoting joemiami
YES
I think sellers come back again
but it is so dangerous , I did stuck
  • #192,764
  • Jan 13, 2010 9:56am Jan 13, 2010 9:56am
Quoting joemiami
YES

Big bearish divergence on the 15 min
Attached Image (click to enlarge)
Click to Enlarge Name: aagbpfile.gif Size: 16 KB
  • #192,765
  • Jan 13, 2010 9:56am Jan 13, 2010 9:56am
Quoting Petar_Serbia
Hello guys,

This is my swing trade(2 days ago),about 30 pips to 200 profit,we will wait


Cheers
what is your broker
  • #192,766
  • Jan 13, 2010 9:57am Jan 13, 2010 9:57am
wise trading here, long advised don't trade short, if there is a retracement, take it from the swing, we are still going up, some 200-300pips within the next few days i expect. check morning details........ nO JOKE
  • #192,767
  • Jan 13, 2010 9:58am Jan 13, 2010 9:58am
Quoting vilas
Reversing : That is of as it should be. I missed entry at 1.6170 - just had to take a nap and it is my weakness not to put Pending orders. By the time I am at PC again hour later - price is 6219. So - mad. Miscalculated, entered short a little earlier than right point - still got into profit which I did not accept and then missed profit again as I left to Play with and feed my beloved Cats. Disastrous Day

Cheers.
We are only trying to make big money so we can spend all our time playing with the cats - and you are doing it already ...

shorts are happy bunnies - here it goes south (hopefully)

Got it made man !
  • #192,768
  • Jan 13, 2010 9:58am Jan 13, 2010 9:58am
wise trading here, long advised don't trade short, if there is a retracement, take it from the swing, we are still going up, some 200-300pips within the next few days i expect. check morning details........ nO JOKE


Quoting wormboy
Here's another reason why I am reluctant to sell right now, even if scalping.

Chart :
1. http://www.forexfactory.com/showpost...postcount=2896
  • #192,769
  • Jan 13, 2010 9:58am Jan 13, 2010 9:58am
Quoting joemiami
Big bearish divergence on the 15 min
i am agree with you.

I stayed away from shorts today. but after london close we won't able to pass strong resistances, in my opinion, that is way i went short.
  • #192,770
  • Jan 13, 2010 10:00am Jan 13, 2010 10:00am
Quoting m.haggag
I think sellers come back again
but it is so dangerous , I did stuck

Big boys are returning from lunch! Down we go.
  • #192,771
  • Jan 13, 2010 10:00am Jan 13, 2010 10:00am
Quoting m.haggag
I think sellers come back again
but it is so dangerous , I did stuck
as I remember somewhere today you told that is cable has been overbought. what about it now, after couple of hours? isn't it more safe to short now rather than that you mentioned it?
  • #192,772
  • Jan 13, 2010 10:00am Jan 13, 2010 10:00am
uptrend limitation , so i moved my sl to 1.6310 and i was right
Attached Image (click to enlarge)
Click to Enlarge Name: chart152.gif Size: 17 KB
  • #192,773
  • Jan 13, 2010 10:02am Jan 13, 2010 10:02am
getting some scalpy pips from a short right now - no need to know the direction at this game right now
  • #192,774
  • Jan 13, 2010 10:03am Jan 13, 2010 10:03am
Quoting dil
what is your broker
You can see on the chart FXDD...
"Buy on fear, sell on greed !!!
  • #192,775
  • Jan 13, 2010 10:05am Jan 13, 2010 10:05am
Quoting sibajnok
as I remember somewhere today you told that is cable has been overbought. what about it now, after couple of hours? isn't it more safe to short now rather than that you mentioned it?
yup it was in the overbought before on 15mins / 30mins / 1hr /4 hrs
and now still and about to become over on daily
but cable just burns me and i'm afraid of a sudden up shoot if it exceeds the upper trend line limitation
  • #192,776
  • Jan 13, 2010 10:09am Jan 13, 2010 10:09am
Quoting m.haggag
yup it was in the oversold before on 15mins / 30mins / 1hr /4 hrs
and now still and about to become over on daily
but cable just burns me and i'm afraid of a sudden up shoot if it exceeds the upper trend line limitation
the H4 closed in black couple of minutes before was the confirmation for me to take this call. of course I can be wrong, but we'll see.

my MM and useage of SL has been working well for months now, so I don't have to worry
Attached Image (click to enlarge)
Click to Enlarge Name: gu_h4.gif Size: 15 KB
  • #192,777
  • Jan 13, 2010 10:12am Jan 13, 2010 10:12am
Quoting sibajnok
the H4 closed in black couple of minutes before was the confirmation for me to take this call. of course I can be wrong, but we'll see.

my MM and useage of SL has been working well for months now, so I don't have to worry
i hope u r +ve we are on the same boat by anyway ...
what is ur sl ??
  • #192,778
  • Jan 13, 2010 10:12am Jan 13, 2010 10:12am
will set TP at 6165-6170 level...then wait for retrace past that level to the downside...
  • #192,779
  • Jan 13, 2010 10:14am Jan 13, 2010 10:14am
Quoting m.haggag
i hope u r +ve we are on the same boat by anyway ...
what is ur sl ??
SL 25pips, TP 50pips. risk/reward ratio 1:2
  • #192,780
  • Jan 13, 2010 10:15am Jan 13, 2010 10:15am
I was gone for couple of hours, Now I see all these posts of praying and crying......Guys, I am not worried, I am bullish on Dollar, and VERY bearish on GBP.....Hold on your shorts on Gu and you will become very very RICH, you will make lots of money
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