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Cable Update (GBPUSD)

  • #201,201
  • Feb 23, 2010 3:38am Feb 23, 2010 3:38am
Support at same level as yesterday, will it break or hold?
{Promotion Removed}
  • #201,202
  • Feb 23, 2010 3:40am Feb 23, 2010 3:40am
Quoting Bull_Bear
K1, I hate to think about your risk reward mate. Seems like your risk is greater than your reward. Food for thought, ratio 1:2 or 1:3 for healthy appetite.

Good Luck Fellas
It's more like 1:1 because my entry was at 1.5567...sl 1.5700 and tp 1.5440 and lower if the pa allows it
And i was about to short again if we went higher to reduce my RR
COT: The precious data ignored
  • #201,203
  • Feb 23, 2010 3:44am Feb 23, 2010 3:44am
Quoting Bull_Bear
buy 1.5500.. SL.. 1.5440.. TP 1.5700
There you go -60pips

Can't bet the feeling... NEXT
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #201,204
  • Feb 23, 2010 3:45am Feb 23, 2010 3:45am
Quoting Bull_Bear
There you go -60pips

Can't bet the feeling... NEXT
Can't win them all, mate. You've done well this morning though so at least you're in positive territory..
{Promotion Removed}
  • #201,205
  • Feb 23, 2010 3:46am Feb 23, 2010 3:46am
Lowered my TP to 1.5400...right now PA is powerful...it may indicated further move down
COT: The precious data ignored
  • #201,206
  • Feb 23, 2010 3:46am Feb 23, 2010 3:46am
Quoting wormboy
Q, excellent trading bro
& good luck with the long, i'm out flat atm.
Wormie bro, there she goes my first negative for today.

All good mate, dragon is serving me well on the sell....
Attached Image (click to enlarge)
Click to Enlarge Name: dragon.JPG Size: 113 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #201,207
  • Feb 23, 2010 3:51am Feb 23, 2010 3:51am
Hello Guys..

my first post, saved special for this lovely & lively thread..
  • #201,208
  • Feb 23, 2010 3:52am Feb 23, 2010 3:52am
GM guys, almost 100pips in one hour
What happened? BBA Mortgage approvals?
  • #201,209
  • Feb 23, 2010 3:54am Feb 23, 2010 3:54am
Quoting Bull_Bear
Wormie bro, there she goes my first negative for today.

All good mate, dragon is serving me well on the sell....
Good stuff bro
Booked mine as well. Sitting on my hands atm just watching to see if this move is sustainable before I attempt to sell. Could be just to shake out the weak longs & sucker in sellers. Let's see
Thank You
  • #201,210
  • Feb 23, 2010 3:55am Feb 23, 2010 3:55am
Could it go down further guys ?

coz i just long at 1.5446
  • #201,211
  • Feb 23, 2010 3:57am Feb 23, 2010 3:57am
Quoting 4xmajkel
GM guys, almost 100pips in one hour
What happened? BBA Mortgage approvals?
Inflation hearing taking place. Always check calender for daily news.
{Promotion Removed}
  • #201,212
  • Feb 23, 2010 3:59am Feb 23, 2010 3:59am
Got popped for -20 then re-entered.

No weekly support till 5200 then 5000. Based on formation - could go a long way down....

Running it down with a 50 +/- trailing stop.
BR

Quoting Big1red9
I have re-evaluated my last comments about standing aside for awhile.

Based on previous P/A and fib #'s I will be looking at shorting again at about 1.5525. I will be looking for price to hold at that resistance point. If it penetrates, I will book the loss and move to short at 1.5582.

Good luck,
BR
  • #201,213
  • Feb 23, 2010 4:04am Feb 23, 2010 4:04am
Brothers,
Don't forgot that
I Post it before.
Quoting Baby-Trader
What I see in that chart?
----------------------
http://cdn.forexfactory.com/attachme...1&d=1266767461
now updated chart.
Good Luck
Attached Image (click to enlarge)
Click to Enlarge Name: gud.gif Size: 24 KB
  • #201,214
  • Feb 23, 2010 4:07am Feb 23, 2010 4:07am
Quoting Big1red9
Got popped for -20 then re-entered.

No weekly support till 5200 then 5000. Based on formation - could go a long way down....

Running it down with a 50 +/- trailing stop.
BR
That's pretty much what I have been seeing as well Red.

The early upside movement, Friday, just didn't seem to make much sense. London had a chance to buy up the spike down, now took turn to sell. Clear the books. Charts posted yesterday, and this is what I was expecting when posting reply to Dr.D.

Seemed like the right zone.

Sadly, I took leave on this movement early, but if I am not wrong, there will be many more bites on this apple.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,215
  • Feb 23, 2010 4:17am Feb 23, 2010 4:17am
Quoting kuroro001
Your SL is my TP and your TP is my SL ....lol

Lowered my TP to 1.5400...right now PA is powerful...it may indicated further move down

good luck to you

BRILLIANT! SIMPLY BRILLIANT!

EOM

Dr. D.
  • #201,216
  • Feb 23, 2010 4:26am Feb 23, 2010 4:26am
room hi all

magix and B T can i say this or not yet
Attached Image
  • #201,217
  • Feb 23, 2010 4:27am Feb 23, 2010 4:27am
All looks blick now. Am out ATM but waiting to go LONG @ 1.5440.
  • #201,218
  • Feb 23, 2010 4:31am Feb 23, 2010 4:31am
We now should see 1.5280 by tomorrow as a minimum target for my short.
  • #201,219
  • Feb 23, 2010 4:37am Feb 23, 2010 4:37am
Quoting wormboy
Good stuff bro
Booked mine as well. Sitting on my hands atm just watching to see if this move is sustainable before I attempt to sell. Could be just to shake out the weak longs & sucker in sellers. Let's see

All seems like a day to go SHORT... Cable Guys, and my Great Wormie I'm going SHORT @ 1.5354.
  • #201,220
  • Feb 23, 2010 4:39am Feb 23, 2010 4:39am
Quoting Reznik
All looks blick now. Am out ATM but waiting to go LONG @ 1.5440.
Rez, 5440 is resistance level.
Thank You
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