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Cable Update (GBPUSD)

  • #204,781
  • Mar 10, 2010 4:08am Mar 10, 2010 4:08am
Quoting forexlion
okay closed shorts and placed sell stops at 4940 for fresh entry
got it n closed again i m lovin it
  • #204,782
  • Mar 10, 2010 4:15am Mar 10, 2010 4:15am
Quoting PipSqueeze
Yep, i don't it'll break it just yet, I think we're in for a move to the long side. I'm gonna take a small 1% risk on a long.

1.4895 with SL at 1.4880 and TP 1.4925.
Closed for +7 (+0.5%).
{Promotion Removed}
  • #204,783
  • Mar 10, 2010 4:18am Mar 10, 2010 4:18am
Quoting Tsar
Be WATCHER only...

Was DOWN in 1.4925 & Go UP to 1.4966
Quoting Tsar
Oops... DOWN Bonus 10 Pips = 1.4915
DONE ...
DOWN at 1.4885 & UP at 1.4960
Always looking the GREAT, never left GOOD Point...
  • #204,784
  • Mar 10, 2010 4:19am Mar 10, 2010 4:19am
Quoting Tsar
DONE ...
DOWN at 1.4885 & UP at 1.4960
http://img41.imageshack.us/img41/536/a5f5026d6b50.gif
  • #204,785
  • Mar 10, 2010 4:19am Mar 10, 2010 4:19am
Quoting PipSqueeze
Closed for +7 (+0.5%).
Pipsqueeze are you a systems trader or discretionary?
  • #204,786
  • Mar 10, 2010 4:21am Mar 10, 2010 4:21am
Quoting PipSqueeze
Poor set of figures for UK but 1.4987 holds it up again, wonder if we'll get another strong bounce?
Manufacturing output, a subset of industrial output, fell 0.9%, adding to fears for the recovery.

However, year-on-year, manufacturing output recorded its first rise since March 2008, up 0.2%.

http://news.bbc.co.uk/1/hi/business/8559389.stm

Helllo bounce!
  • #204,787
  • Mar 10, 2010 4:24am Mar 10, 2010 4:24am
Quoting ffguy
Pipsqueeze are you a systems trader or discretionary?
I trade mainly using S/R levels that I see forming during the day or from the H1 chart.

I do also run a couple of mechanical systems.

Should of held on slightly longer, would of got an extra 0.5% but I felt the exit was right...oh well, profit is profit!
{Promotion Removed}
  • #204,788
  • Mar 10, 2010 4:30am Mar 10, 2010 4:30am
Quoting mygoldenpips
find your own country mate...
here plz speak english so everyone can learn...
Translation: Yes, cup of coffee is ready for another day!

I don't think you will learn anything from our Dutch chit chat. I live in the UK anyway, as does my fellow countryman. It's not often that I get to speak/write Dutch these days so if I see an opportunity I will do so, but it won't be about cable... I'll do that in English
  • #204,789
  • Mar 10, 2010 4:30am Mar 10, 2010 4:30am
Quoting PipSqueeze
Closed for +7 (+0.5%).
is that +7 pips? or +7 million ??
I will be the number one Manager.
  • #204,790
  • Mar 10, 2010 4:34am Mar 10, 2010 4:34am
Quoting cloggie
I have added to my shorts.
Im thinking maybe to wait for London to close and take profits and then I can get better pricing for short entries.
  • #204,791
  • Mar 10, 2010 4:35am Mar 10, 2010 4:35am
think I'm sidelining for a while, take a nap then back later for us news....market feels sideways for a bit...fixing over, and momentum down...yea calls for a nap
  • #204,792
  • Mar 10, 2010 4:42am Mar 10, 2010 4:42am
Quoting bbakker
Translation: Yes, cup of coffee is ready for another day!

I don't think you will learn anything from our Dutch chit chat. I live in the UK anyway, as does my fellow countryman. It's not often that I get to speak/write Dutch these days so if I see an opportunity I will do so, but it won't be about cable... I'll do that in English
I like seeing the different languages, I speak German and it is fun to try to de-code Dutch

Anyone knnow a forum where they discuss forex in Spanish?
******************* I'd rather make money than be right.
  • #204,793
  • Mar 10, 2010 4:49am Mar 10, 2010 4:49am
Quoting 4xStar
I like seeing the different languages, I speak German and it is fun to try to de-code Dutch

Anyone knnow a forum where they discuss forex in Spanish?
Ich kann auch Deutsch sprechen wenn du möchts
  • #204,794
  • Mar 10, 2010 4:49am Mar 10, 2010 4:49am
Quoting skiffx
Im thinking maybe to wait for London to close and take profits and then I can get better pricing for short entries.

You sure? just dropped down to 487.... nice 70 pip run so far not bad for a few hours work.
  • #204,795
  • Mar 10, 2010 4:50am Mar 10, 2010 4:50am
Quoting bbakker
Manufacturing output, a subset of industrial output, fell 0.9%, adding to fears for the recovery.

However, year-on-year, manufacturing output recorded its first rise since March 2008, up 0.2%.

http://news.bbc.co.uk/1/hi/business/8559389.stm

Helllo bounce!
It was a dead cat bouce
  • #204,796
  • Mar 10, 2010 4:50am Mar 10, 2010 4:50am
Quoting forexlion
http://img41.imageshack.us/img41/536/a5f5026d6b50.gif

Nice CHART PATTERN, Bro.
I like it's

I'm still used Many Indi's NOW
And I hope someday :

Quoting Tsar

Still in My Dreams ...
Play Trading use CANDLE, MA (Moving Average) & Chart Pattern only.
Always looking the GREAT, never left GOOD Point...
  • #204,797
  • Mar 10, 2010 4:54am Mar 10, 2010 4:54am
Quoting cloggie
You sure? just dropped down to 487.... nice 70 pip run so far not bad for a few hours work.

I am out now, waiting for a new entry. want to see a close of the M30 below 4884 first and see what the H1 does.
  • #204,798
  • Mar 10, 2010 4:57am Mar 10, 2010 4:57am
Quoting cloggie
You sure? just dropped down to 487.... nice 70 pip run so far not bad for a few hours work.
I took partial profit, from 1.5050 area, but still have lots riding short.
  • #204,799
  • Mar 10, 2010 5:05am Mar 10, 2010 5:05am
Quoting skiffx
I took partial profit, from 1.5050 area, but still have lots riding short.

I am with you, I position trade on one account and day trade on another. I only tend to talk about day trades here. I can hold position trades for days and weeks on end if it looks right.
  • #204,800
  • Mar 10, 2010 5:06am Mar 10, 2010 5:06am
Quoting cloggie
I am out now, waiting for a new entry. want to see a close of the M30 below 4884 first and see what the H1 does.
Mooi gedaan!

I cashed in at 14900, maybe a little too early, but a profit nonetheless. I still have my short from 15070 open, but have gone long at 14890. A retrace is on the cards...
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