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Cable Update (GBPUSD)

  • #194,881
  • Jan 21, 2010 3:50am Jan 21, 2010 3:50am
Quoting Clouds
You win $.10
?
"Hate the sin, love the sinner." - Gandhi
  • #194,882
  • Jan 21, 2010 3:52am Jan 21, 2010 3:52am
Quoting TheGabriel
?
just causing trouble
  • #194,883
  • Jan 21, 2010 3:52am Jan 21, 2010 3:52am
Quoting Ctic
Nah.. I live in the US and it's been worse than ever lol. U.S. stock market took a big crap today so usually when that happens dollar gets stronger.
True, they're hedging dollar with stock market and vice versa. The dollar is really strong now and will continue to go in this direction. Monthly chart doesn't look good for euro.
"Hate the sin, love the sinner." - Gandhi
  • #194,884
  • Jan 21, 2010 3:54am Jan 21, 2010 3:54am
Quoting Clouds
You win $.10
Alright!!! I'm rich now. Please have direct deposited into my account. lol
  • #194,885
  • Jan 21, 2010 3:56am Jan 21, 2010 3:56am
Quoting Ctic
Nah.. I live in the US and it's been worse than ever lol. U.S. stock market took a big crap today so usually when that happens dollar gets stronger.
..

why stock affect on currency, not currency affect on stock?
Patience + Discipline =
  • #194,886
  • Jan 21, 2010 3:57am Jan 21, 2010 3:57am
4 Min's and DOWN she goes again...

I will work to Objectively Identify my Edges
  • #194,887
  • Jan 21, 2010 4:00am Jan 21, 2010 4:00am
currently short. first target 1,59.
  • #194,888
  • Jan 21, 2010 4:00am Jan 21, 2010 4:00am
Quoting Ctic
Nah.. I live in the US and it's been worse than ever lol. U.S. stock market took a big crap today so usually when that happens dollar gets stronger.
You are correct, the $ is getting stronger.
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I trade what I see on my charts. Do Not listen to the Muppets.
  • #194,889
  • Jan 21, 2010 4:10am Jan 21, 2010 4:10am
Quoting Clouds
It's very close to 1.40 - I need to figure out what my plan is when it gets there, but it may be a good scalping place. USD/CHF is also approaching previous high of 1.05
sorry but of course you understood it was SUPPORT and not resistance....UsdChf yes you're right.....we'll have a strong RESISTANCE @1.05 and I'll be shorting from there....

GL
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Non licet omnibus adire Corinthum
  • #194,890
  • Jan 21, 2010 4:11am Jan 21, 2010 4:11am
Quoting Jemmy
Thanks javajames
I just pull triger long EUR/GBP..
Yeh right about EURGBP to go higher...but i'll wait a bit...i don't like it to get stuck at the 0.8700 resistance....but i'll load lots if we reach 0.8660 on low vol or if it crush his resistance

Have fun
COT: The precious data ignored
  • #194,891
  • Jan 21, 2010 4:12am Jan 21, 2010 4:12am
Quoting Ctic
It hit worm. I took my 110 pips and ran. I am done with cable for the day (or at least for now) lol.
Nice, I took exactly the same and got out. Very happy with today. Would like to get back in after a retrace but going to use some patience for a change.
  • #194,892
  • Jan 21, 2010 4:13am Jan 21, 2010 4:13am
we hit 50% fibo retracement which aligns with strong resistence leve. it should go up now.
  • #194,893
  • Jan 21, 2010 4:17am Jan 21, 2010 4:17am
Waiting for it to reach back 1.6210-30 resistance zone to add shorts...unless it crushes it and go higher
COT: The precious data ignored
  • #194,894
  • Jan 21, 2010 4:20am Jan 21, 2010 4:20am
Quoting uksnowman
Nice, I took exactly the same and got out. Very happy with today. Would like to get back in after a retrace but going to use some patience for a change.
Patience is key. Play the bounces. Good way to multiply your total number of pips in my opinion. If you gain 100 pips why give 50 back. Get out, get back in and make an extra 50. That's my opinion anyways.
  • #194,895
  • Jan 21, 2010 4:21am Jan 21, 2010 4:21am
Quoting kuroro001
Waiting for it to reach back 1.6210-30 resistance zone to add shorts...unless it crushes it and go higher
thats a 50% fibo of the recent downward impulse
  • #194,896
  • Jan 21, 2010 4:26am Jan 21, 2010 4:26am
Ctic, based off what you told me to do, is this correct?

The green fib covers this months high/ low range

the blue fib covers the weekly range

and the grey fib, kinda hard to see (sorry) is todays price action so far, and again, drawn from high to low.

This is all on a 1hr chart. I dont trade below 1hr, or I try hard not too. My main tf's are 4hr and daily.
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  • #194,897
  • Jan 21, 2010 4:40am Jan 21, 2010 4:40am
I close my short and go long now
Give me patience
  • #194,898
  • Jan 21, 2010 4:42am Jan 21, 2010 4:42am
Quoting Petar_Serbia
I think you took good position but close very bad your position...I will save this link to my comp,you closed on 420 pips profit i think you can holding your position for 800,900 pips...

Anyway good job
So........

When I closed my long position at 1.6378....you said that was "very bad"...
you suggested then, in your words, "a better solution is" to put a sl at 1.6194....

Well right now cable is trading at 1.6150 and your sl is hit...

So....I sold 184 pips higher and didn't give my profits back!

but hey you "saved the link" already so you must know this!


So selling at 1.6378 was much better than getting stopped out at 1.6157, don't you think?
Hear the music before the song is over ...
  • #194,899
  • Jan 21, 2010 4:44am Jan 21, 2010 4:44am
Quoting GlobalMacro
So........

When I closed my long position at 1.6378....you said that was "very bad"...
you suggested then, in your words, "a better solution is" to put a sl at 1.6194....

Well right now cable is trading at 1.6150 and your sl is hit...

So....I sold 184 pips higher and didn't give my profits back!

but hey you "saved the link" already so you must know this!


So selling at 1.6378 was much better than getting stopped out at 1.6157, don't you think?
tell him G
  • #194,900
  • Jan 21, 2010 4:45am Jan 21, 2010 4:45am
H1 Update
1.6050 is the next target. Maybe!!
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