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Cable Update (GBPUSD)

  • #200,621
  • Feb 18, 2010 8:07pm Feb 18, 2010 8:07pm
Quoting Magix
Every little bit helps.

What broker are you using? Thanks
  • #200,622
  • Edited 8:22pm Feb 18, 2010 8:07pm | Edited 8:22pm
Quoting egkid
I don't trade Futures , Anyone know when US open?
4 am here
http://marketclocks.com
http://forex.timezoneconverter.com

Marketclocks top menu is kind of screwed up, so click the map on the left for trading region.
Lists all markets except Forex.

Bottom link is Forex.

  • #200,623
  • Feb 18, 2010 8:09pm Feb 18, 2010 8:09pm
Quoting egkid
I don't trade Futures , Anyone know when US open?
4 am here
In about 11 hrs.

Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,624
  • Feb 18, 2010 8:11pm Feb 18, 2010 8:11pm
Quoting intrepid1
What broker are you using? Thanks
FXsolutions UK.

Easy to use platform, single click trades..

The spread on cable sucks hard...5, but I manage.

Had an account with FX USA, but when the new rules took effect the changes to the platform went for shizzle, so, I just opened a UK account and SHAZZAM, fixed everything.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,625
  • Feb 18, 2010 8:13pm Feb 18, 2010 8:13pm
Quoting Magix
In about 11 hrs.

Quoting Fudomyo
http://marketclocks.com
http://forex.timezoneconverter.com

I must be really sleepy to asK this question better get some rest
Take care all and enjoy
  • #200,626
  • Feb 18, 2010 8:16pm Feb 18, 2010 8:16pm
Quoting Magix
FXsolutions UK.

Easy to use platform, single click trades..

The spread on cable sucks hard...5, but I manage.

Had an account with FX USA, but when the new rules took effect the changes to the platform went for shizzle, so, I just opened a UK account and SHAZZAM, fixed everything.
5 pips spread I get 1.2.
  • #200,627
  • Feb 18, 2010 8:17pm Feb 18, 2010 8:17pm
Seemed as good as time as any to chance a long....

Heres another 68 in the bank. Time to work on some dinner, catch you guys in a while!

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,628
  • Feb 18, 2010 8:18pm Feb 18, 2010 8:18pm
Quoting intrepid1
5 pips spread I get 1.2.
Nice. If I had your money, I would burn my own!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,629
  • Feb 18, 2010 8:51pm Feb 18, 2010 8:51pm
Short @ 1.5411
Stop Loss: Open for now
TP: 1.5361

UK retail sales over night. Might get ugly.
{Promotion Removed}
  • #200,630
  • Feb 18, 2010 8:52pm Feb 18, 2010 8:52pm
yesterday 14.00 GMT when market suddenly move against USD, i had no cable trade..

i was running short euro, just in one hour my +150pips degrade to +100pips..

i was worried my last +100pips will evaporate, so i closed it..

this morning when i wake up, i see the price has move down 150pips from my closing point last night..

I learned from this story :

"while riding the strong trend, don't get distracted by every noisy move from opponent side, especially if it happen only in very short time (e.g. 1 hour)"
Patience + Discipline =
  • #200,631
  • Feb 18, 2010 8:56pm Feb 18, 2010 8:56pm
cross my fingers for you... risk is huge? I'll wait for a g/j break and see what g/u does from there.... IF it comes. Way to far down for me to start taking positions on g/u since I missed my entry 200 pips ago.

To each his own!

Quoting atif
Short @ 1.5411
Stop Loss: Open for now
TP: 1.5361

UK retail sales over night. Might get ugly.
DireXiv Make it happen, no one else is going to do it for you...
  • #200,632
  • Feb 18, 2010 9:00pm Feb 18, 2010 9:00pm
Quoting DireXiv
cross my fingers for you... risk is huge? I'll wait for a g/j break and see what g/u does from there.... IF it comes. Way to far down for me to start taking positions on g/u since I missed my entry 200 pips ago.

To each his own!
If not over night, I will hold it for next week. Down trend will continue next week for sure so no fear. GBP will go down as far as 1.5267 50% fibo.
{Promotion Removed}
  • #200,633
  • Feb 18, 2010 9:04pm Feb 18, 2010 9:04pm
Glad to hear it's a long term entry... I'm looking and jpy shorts now...

Quoting atif
If not over night, I will hold it for next week. Down trend will continue next week for sure so no fear. GBP will go down as far as 1.5267 50% fibo.
DireXiv Make it happen, no one else is going to do it for you...
  • #200,634
  • Feb 18, 2010 9:07pm Feb 18, 2010 9:07pm
Quoting DireXiv
cross my fingers for you... risk is huge? I'll wait for a g/j break and see what g/u does from there.... IF it comes. Way to far down for me to start taking positions on g/u since I missed my entry 200 pips ago.

To each his own!
IMO...GJ never made it to support.

But this is just what my charts say...GJ daily.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.jpg Size: 100 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,635
  • Feb 18, 2010 9:14pm Feb 18, 2010 9:14pm
Magix - agreed.. I'm watching h4... a full clear or 141.50-141 would be what I would call a break. Looks like it won't come soon... I'll just exercise patience... only trade it if I like it..... Opinions definitely accepted.

Quoting Magix
IMO...GJ never made it to support.

But this is just what my charts say...GJ daily.
DireXiv Make it happen, no one else is going to do it for you...
  • #200,636
  • Feb 18, 2010 9:23pm Feb 18, 2010 9:23pm
Quoting DireXiv
Magix - agreed.. I'm watching h4... a full clear or 141.50-141 would be what I would call a break. Looks like it won't come soon... I'll just exercise patience... only trade it if I like it..... Opinions definitely accepted.
I only trade cable...I am not smart enough for multiple pairs. Rather than spread myself out, I stick to one, hit it hard n fast, never look back.

Even looking at the H4, it would seem to me that the short train has left the station.

24SMA redline, drop below support.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ4.jpg Size: 102 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,637
  • Feb 18, 2010 10:02pm Feb 18, 2010 10:02pm
I have warned since 2 days ago.


Quoting Wollyqe
Euro has taken Sterling into this high yesterday.

this level -> 1.5780
Its a good time to short from here

There is no way it is going north.
Long term it is much drop from here
http://www.forexfactory.com/showthre...11#post3470111



Quoting Wollyqe
who followed my advice? Keep short to 1.5500
http://www.forexfactory.com/newreply...eply&p=3473116


Quoting Wollyqe
For those longing, cut loss & REVERSE.

1.5490 will be seen tomorrow

http://www.forexfactory.com/newreply...eply&p=3474892
  • #200,638
  • Feb 18, 2010 10:18pm Feb 18, 2010 10:18pm
What are the chance's of gbp going back to where it started before the news, 4hr chart looks way over sold...anybody have any ideas of what migh happen overnight?
  • #200,639
  • Feb 18, 2010 10:19pm Feb 18, 2010 10:19pm
Quoting Jemmy
D-4 ~ BULLS 3 : 4 BEARS
D-3 ~ BULLS 3 : 4 BEARS
D-2 ~ BULLS 3 : 4 BEARS
D-1 ~ BULLS 3 : 4 BEARS
today ~ BULLS 2 : 5 BEARS
looks like bears awaken from hibernating..
need more time to confirm..
Attachment
D-4 ~ BULLS 3 : 4 BEARS
D-3 ~ BULLS 3 : 4 BEARS
D-2 ~ BULLS 3 : 4 BEARS
D-1 ~ BULLS 2 : 5 BEARS
TODAY ~ BULLS 0 : 7 BEARS
selling rallies has begin..
Attached Image


1.5432....sell limit 1.5507 (today pivot), SL=1.5640 (R1 + 30 pips)
Attached Image
Patience + Discipline =
  • #200,640
  • Edited 10:53pm Feb 18, 2010 10:40pm | Edited 10:53pm
Quoting Jemmy
D-4 ~ BULLS 3 : 4 BEARS
D-3 ~ BULLS 3 : 4 BEARS
D-2 ~ BULLS 3 : 4 BEARS
D-1 ~ BULLS 2 : 5 BEARS
TODAY ~ BULLS 0 : 7 BEARS
selling rallies has begin..
Attachment

1.5432....sell limit 1.5507 (today pivot), SL=1.5640 (R1 + 30 pips)
Attachment
almost same with me...,i will add 2 if she goes up today..., 5495 and 5507
hope the best for us...,

edit : 1 entry is enough, 5495 (more suitable with 5507, as a strong res, but i'm afraid will not follow the tren... so i pick 5495)
I will be the number one Manager.
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