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Cable Update (GBPUSD)

  • #201,321
  • Feb 23, 2010 10:10am Feb 23, 2010 10:10am
Quoting JRoyal
Been watching this board for a while and you seem to be a pretty good trader....
Thanks Bro,
I think I got your point.
I just playing the charts in front of me.
Simply If it tells me UP then I go UP
If tells me Down I go down.
and My SL only 50 pip.

Let's Play.
Good Luck
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  • #201,322
  • Feb 23, 2010 10:24am Feb 23, 2010 10:24am
Quoting Baby-Trader
Thanks Bro,
I think I got your point.
I just playing the charts in front of me.
Simply If it tells me UP then I go UP
If tells me Down I go down.
and My SL only 50 pip.

Let's Play.
Good Luck
Cool, I went long at 1.5411 with a stop at 1.5389. It already moved to two times my risk so my stop has been moved up to protect my position. Believe it or not I don't think 1.5900 is out of the question. May be a stop hunt in Asian session if we don't get far enough away from where we're at now that will go down to take out "WEAK" longs which I believe may be you'll make your money on the short side. Respectfully, I'm hoping against that being I'm long.

Just my view of the market. I joined this forum to chat with like minded people even if we have different views on market direction at any given time. Good luck all
  • #201,323
  • Feb 23, 2010 10:26am Feb 23, 2010 10:26am
Quoting egkid
Trend on Daily>> Down
My view :
we suppose to see correction to up and my indicator also suggest that but it's stuck between 1.5345 and 1.5575
 No buyers or sellers so far and i will not stuck with it till see clear sign or real move
Hello all
Just back from my work.
Well ...Yesterday View the same ,I see today we hit 1.5575 and back down
  • #201,324
  • Feb 23, 2010 10:26am Feb 23, 2010 10:26am
Quoting Reznik
I am SHORT... In the cable all the way.

Practically, all the news didn't do the Cable any good today. However, one thing I have learnt over time is not to bet against the Pound
  • #201,325
  • Feb 23, 2010 10:30am Feb 23, 2010 10:30am
Quoting Baby-Trader
Thanks Bro,
I think I got your point.
I just playing the charts in front of me.
Simply If it tells me UP then I go UP
If tells me Down I go down.
and My SL only 50 pip.

Let's Play.
Good Luck
Thats my target from @1.5497
  • #201,326
  • Feb 23, 2010 10:32am Feb 23, 2010 10:32am
seemed like cable start to fluctuate with eu?
hmm I think I just shorting..
  • #201,327
  • Feb 23, 2010 10:36am Feb 23, 2010 10:36am
H1 Chart
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  • #201,328
  • Feb 23, 2010 10:45am Feb 23, 2010 10:45am
Quoting meromar
took 10 more lousy long pips

Is this real Account... Please, I want to Know.
  • #201,329
  • Feb 23, 2010 10:45am Feb 23, 2010 10:45am
Quoting digger1
Well traders I am long from 1.5408 as per chart, the gbpusd has done close to what I use for a daily range , (not to say it couldnt do much more ) it is at an extreme point for the day on the pivot levels I use. I have a 50 pip hard stop, (mental stop much tighter). If and when it starts in that direction I will take some profit at the weekly close and the weekly open as that area acted as support till the drop today cheers all and happy trading Attachment
The 1st short term target was reached , some profit has been taken as stated would be , probably be a bumpy ride for a bit , if we happen to get back thru this level I will raise the stops to 1.5390 for now, cheers
  • #201,330
  • Feb 23, 2010 10:56am Feb 23, 2010 10:56am
Quote
The 1st short term target was reached , some profit has been taken as stated would be , probably be a bumpy ride for a bit , if we happen to get back thru this level I will raise the stops to 1.5390 for now, cheers

Very good trade. Do you use ATR- Average trading range?
  • #201,331
  • Feb 23, 2010 10:56am Feb 23, 2010 10:56am
Quoting Kijang Emas
i'm not brave nor clever enough to make some good trade like other senior here..

it just what i see on my chart..Long from 1.5420 just now ..

i got another long from 1.5446 .. and from here current price 1.5469 , i just move my SL to BE .. My TP still remain 1.5530..
  • #201,332
  • Feb 23, 2010 11:00am Feb 23, 2010 11:00am
Quoting kingfisher
Very good trade. Do you use ATR- Average trading range?
I keep track of what it is as far as for the day , I have used 180 pips for a range forever lol, if you were to keep it totally up to date every 14 days or so it would not vary much from that nothing exact in this business , sure you know that lol
  • #201,333
  • Feb 23, 2010 11:01am Feb 23, 2010 11:01am
I am short in cable..atleast i am going in the major trend direction.

A selling of over 180 pips witnessed today is not an ordinary selling. It suggest fresh selling will take it to 1.52.
  • #201,334
  • Feb 23, 2010 11:02am Feb 23, 2010 11:02am
Quote
I keep track of what it is as far as for the day , I have used 180 pips for a range forever lol, if you were to keep it totally up to date every 14 days or so it would not vary much from that nothing exact in this business , sure you know that lol

Thanks mate
  • #201,335
  • Feb 23, 2010 11:04am Feb 23, 2010 11:04am
Short covering fuelling this small rally

Intraday traders are closing their shorts as london session comes to an end.
  • #201,336
  • Feb 23, 2010 11:07am Feb 23, 2010 11:07am
Quoting kingfisher
I am short in cable..atleast i am going in the major trend direction.

A selling of over 180 pips witnessed today is not an ordinary selling. It suggest fresh selling will take it to 1.52.
very well could be ,but in the mean time price has been bumping its way up , wether it keeps going or not who knows you can sell as easy as you can buy, things dont go strait up or down for to long of stretches of a time
  • #201,337
  • Feb 23, 2010 11:07am Feb 23, 2010 11:07am
Shorts have been covered.

Fresh Round of selling begins.

Fasten your seat belt for a journey towards 1.52-1.5250 in next 24-48 hours.
  • #201,338
  • Feb 23, 2010 11:09am Feb 23, 2010 11:09am
+ 86 pips for today shorting mostly, flat now
  • #201,339
  • Feb 23, 2010 11:22am Feb 23, 2010 11:22am
Quoting kingfisher
Thanks mate
no problem
  • #201,340
  • Feb 23, 2010 11:25am Feb 23, 2010 11:25am
My pandas kung fu very strong!

Okay ... I'll admit that little stunt the bulls pulled almost had me fooled. Holding short positions & I'm outta here, hope everyone have a good trading session.

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