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Cable Update (GBPUSD)

  • #226,981
  • May 17, 2010 8:24am May 17, 2010 8:24am
Waiting for a good entry point!!!!
  • #226,982
  • Edited 8:35am May 17, 2010 8:25am | Edited 8:35am
Quoting blooblac
Yeah I agree.. shorting at 1.4470.

But again not very sure about whether it will reach that.
Hope you had stops on!

EDIT: Run out of steam around election day low. I think we're still heading back up though from the voodoo lines, etc
Back to basics, it has to be for me!
  • #226,983
  • May 17, 2010 8:27am May 17, 2010 8:27am
Quoting BadTradingFi
Hope you had stops on!
I will take a position if I see a reversal pattern here!!

Still no reversal so not in trade.

But yeah i will keep a tight stop loss..
  • #226,984
  • May 17, 2010 8:27am May 17, 2010 8:27am
Quoting The Magician
I'm also in again long at 410

Out at 491 for 81 pips

Short at 491 *EDIT* - stops moved to BE +1

Think this wants to start moving up on the daily to 1.5 again. getting cautious
  • #226,985
  • May 17, 2010 8:27am May 17, 2010 8:27am
I am out from the hedge ---> let loss from the short - 180 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #226,986
  • May 17, 2010 8:37am May 17, 2010 8:37am
:nerd:grin:P 1.4556 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #226,987
  • May 17, 2010 8:38am May 17, 2010 8:38am
stopped out at BE. Crazzzzzy cable!!
  • #226,988
  • May 17, 2010 8:41am May 17, 2010 8:41am
Seems to be heading to 1.4548.

Will wait for a return or breach of that level before deciding on a position..
  • #226,989
  • May 17, 2010 8:42am May 17, 2010 8:42am
Quoting manize
:nerd:grin:P 1.4556 !
day open here could be a spot of bother
get paid here won't be so bad bro.
Thank You
  • #226,990
  • May 17, 2010 8:44am May 17, 2010 8:44am
A nice bullish pin bar, what is your view bro ?
Attached Image (click to enlarge)
Click to Enlarge Name: 170510a.gif Size: 85 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #226,991
  • May 17, 2010 8:45am May 17, 2010 8:45am
Quoting wormboy
day open here could be a spot of bother
get paid here won't be so bad bro.
stay calm boys and girls, will go back down 100 pips soon
  • #226,992
  • May 17, 2010 8:47am May 17, 2010 8:47am
Quoting manize
A nice bullish pin bar, what is your view bro ?

But AC's still red. Things can change still to early to say anything about that candle.

Still waiting for market to show me the way!!
  • #226,993
  • May 17, 2010 8:52am May 17, 2010 8:52am
Quoting manize
A nice bullish pin bar, what is your view bro ?
coincides nicely with the inside bar posted earlier.
But the d1 is a few hours away from closing & we just reached a tough level. I'd take my money to be on safe side & buy again from lower or a topside breakout.
Just a thought bro
Thank You
  • #226,994
  • May 17, 2010 8:53am May 17, 2010 8:53am
Lets see how thing work out now!!!
  • #226,995
  • May 17, 2010 8:55am May 17, 2010 8:55am
Quoting OldReigatian
stay calm boys and girls, will go back down 100 pips soon
Nobody's panicking? lol
Already booked all profit from 4284. No shorts for me unless the H4 reversal pattern is invalidated.
Thank You
  • #226,996
  • May 17, 2010 8:56am May 17, 2010 8:56am
Quoting OldReigatian
stay calm boys and girls, will go back down 100 pips soon
Not convinced, out for another 10 pips profit.
  • #226,997
  • Edited 8:59am May 17, 2010 8:57am | Edited 8:59am
Hi Manize,

Saw this a mom ago : The Debt Management Office is scheduled to auction 1 billion pounds of 4.25 percent gilts maturing in 2032 today. The sale will close at 2:30 p.m. in London, according to the debt office’s website.

Could stall demand for GBP and adversely impact rise ...... Take care.
Tomorrow should be UP.

Quoting manize
A nice bullish pin bar, what is your view bro ?
  • #226,998
  • May 17, 2010 8:59am May 17, 2010 8:59am
on the week
Attached Image
  • #226,999
  • May 17, 2010 9:04am May 17, 2010 9:04am
Quoting wormboy
coincides nicely with the inside bar posted earlier.
But the d1 is a few hours away from closing & we just reached a tough level. I'd take my money to be on safe side & buy again from lower or a topside breakout.
Just a thought bro
Thank bro, one close, one hold untill 1.4556 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #227,000
  • May 17, 2010 9:08am May 17, 2010 9:08am
Quoting OldReigatian
Not convinced, out for another 10 pips profit.
Hope it drops back to 412/s2, I'll be buying again! flat for now
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