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Cable Update (GBPUSD)

  • #213,821
  • Apr 7, 2010 5:53am Apr 7, 2010 5:53am
Below 1.5128 minor support will flip intraday bias back to the downside for retesting 1.4783 low and break will target 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364.

EDIT: also loaded up at 70...

will close the extra at 30...
@pawpaw1000 on Twitter
  • #213,822
  • Apr 7, 2010 5:54am Apr 7, 2010 5:54am
Short at 1.5228, trailing stop set for 210, quaranteed 25 pips so far! Oh, make that 35 pips and counting.
  • #213,823
  • Apr 7, 2010 5:56am Apr 7, 2010 5:56am
BREAKING NEWS-

G/U below S 1. The selling momentum is strong.
  • #213,824
  • Apr 7, 2010 5:57am Apr 7, 2010 5:57am
Quoting kingfisher
BREAKING NEWS-

G/U breaks S 1

Never even slowed down, left all the punters on the platform
  • #213,825
  • Apr 7, 2010 5:57am Apr 7, 2010 5:57am
So the shorts I closed at 15255 would have been well into profit now again after it looked like we may go up again.

Ah well, win some loose some.

I suppose the question is now, will there be a bounce back up again? Looking around there are a lot of people who still seem convinced we'll be getting up to 15380 still.

My impatience at closing my short in the early hours paid off short term, my patience about getting back in again has left me with the big holes in my trading account from the past few days, BAH!
Back to basics, it has to be for me!
  • #213,826
  • Apr 7, 2010 5:59am Apr 7, 2010 5:59am
Quote
Below 1.5128 minor support will flip intraday bias back to the downside for retesting 1.4783 low and break will target 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364.

Action forex should never never never predict the market.

We all make market. Tommorow will be an all together different day.

Adapting to the every day market is key other wise markets eats up human flesh.
  • #213,827
  • Apr 7, 2010 6:00am Apr 7, 2010 6:00am
Quoting pawpaw1000
Below 1.5128 minor support will flip intraday bias back to the downside for retesting 1.4783 low and break will target 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364.

EDIT: also loaded up at 70...

will close the extra at 30...
  • #213,828
  • Apr 7, 2010 6:00am Apr 7, 2010 6:00am
Quoting BadTradingFi
So the shorts I closed at 15255 would have been well into profit now again after it looked like we may go up again.

Ah well, win some loose some.

I suppose the question is now, will there be a bounce back up again? Looking around there are a lot of people who still seem convinced we'll be getting up to 15380 still.

My impatience at closing my short in the early hours paid off short term, my patience about getting back in again has left me with the big holes in my trading account from the past few days, BAH!

we've got alot of momentum, no stopping until 28 and there will be the big showdown!!
@pawpaw1000 on Twitter
  • #213,829
  • Apr 7, 2010 6:00am Apr 7, 2010 6:00am
enough of fiber

cable not yet
Attached Image
  • #213,830
  • Apr 7, 2010 6:02am Apr 7, 2010 6:02am
Quoting pawpaw1000
we've got alot of momentum, no stopping until 28 and there will be the big showdown!!
I've missed this train Maybe the next one will take me somewhere nice.
Back to basics, it has to be for me!
  • #213,831
  • Apr 7, 2010 6:02am Apr 7, 2010 6:02am
Quoting bbakker

you in with a good position bb? 3 runners?

I have started trading 3k lots on my micro account as it allows me more freedom with s/l. But as my trade turns good, I add an extra 3k bringing total to 6k. On my now $440 it is enough i reckon...
@pawpaw1000 on Twitter
  • #213,832
  • Apr 7, 2010 6:03am Apr 7, 2010 6:03am
PMQ is on, this is going to be a fun one. Lots of heckling expected.
  • #213,833
  • Apr 7, 2010 6:03am Apr 7, 2010 6:03am
Quoting pawpaw1000
you in with a good position bb? 3 runners?

I have started trading .3 lots on my micro account as it allows me more freedom with s/l. But as my trade turns good, I add an extra .3 bringing total to .6. On my now $440 it is enough i reckon...
LOL! I am sitting pretty on cable and fibre! Oh yes and I have my runners now! Like most people, I added rather than started with them!
  • #213,834
  • Apr 7, 2010 6:05am Apr 7, 2010 6:05am
Quoting pawpaw1000
you in with a good position bb? 3 runners?

I have started trading 3k lots on my micro account as it allows me more freedom with s/l. But as my trade turns good, I add an extra 3k bringing total to 6k. On my now $440 it is enough i reckon...
Why don't you spreadbet when it's non taxable?
Nil Desperandum Illegitimi Carborundum
  • #213,835
  • Apr 7, 2010 6:06am Apr 7, 2010 6:06am
Quoting kill56
enough of fiber

cable not yet
Give time to fibre! She will get there eventually.
  • #213,836
  • Apr 7, 2010 6:07am Apr 7, 2010 6:07am
Quoting rasc00
Why don't you spreadbet when it's non taxable?
dont even know what that is but I am practising for 1 year with my micro account, looking for 10% pm and if i am able to achieve this consistantly, I am opening my BEEG account...
@pawpaw1000 on Twitter
  • #213,837
  • Apr 7, 2010 6:08am Apr 7, 2010 6:08am
Quoting pawpaw1000
dont even know what that is but I am practising for 1 year with my micro account, looking for 10% pm and if i am able to achieve this consistantly, I am opening my BEEG account...

Spreadbetting is a UK only trade account. Adding the word betting allows trading to be free of CGT
  • #213,838
  • Apr 7, 2010 6:09am Apr 7, 2010 6:09am
Does anyone know what time the US Bond sale is today?
  • #213,839
  • Apr 7, 2010 6:09am Apr 7, 2010 6:09am
Quoting pawpaw1000
dont even know what that is but I am practising for 1 year with my micro account, looking for 10% pm and if i am able to achieve this consistantly, I am opening my BEEG account...
sorry - forgot ur not in the UK
Nil Desperandum Illegitimi Carborundum
  • #213,840
  • Apr 7, 2010 6:09am Apr 7, 2010 6:09am
Quoting cloggie
long uj 93.96
Closed at a loss of 4 pips, as M15 dropped below the 25sma and the 150ma
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