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Cable Update (GBPUSD)

  • #232,141
  • Jun 17, 2010 10:53am Jun 17, 2010 10:53am
I'm still holding my long trade on gbp/usd and just waiting for my profit target to get hit.
  • #232,142
  • Jun 17, 2010 10:54am Jun 17, 2010 10:54am
Quoting fourxtrader
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  • #232,143
  • Jun 17, 2010 10:55am Jun 17, 2010 10:55am
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  • #232,144
  • Jun 17, 2010 11:18am Jun 17, 2010 11:18am
I'm shorting this baby until 129
  • #232,145
  • Jun 17, 2010 11:22am Jun 17, 2010 11:22am
Quoting pivotrader
I'm shorting this baby until 129
giving it until next wednesday 23rd to get there
  • #232,146
  • Jun 17, 2010 11:24am Jun 17, 2010 11:24am
Quoting pivotrader
I'm shorting this baby until 129
stop @ 136
  • #232,147
  • Jun 17, 2010 11:24am Jun 17, 2010 11:24am
Quoting Forextrader4
I'm still holding my long trade on gbp/usd and just waiting for my profit target to get hit.
Good luck .. but I am short from 4810 & hoping she will touch the DP for profit, although this is just a quick counter-trend trade as I still see overall direction as up.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 36 KB
******************* I'd rather make money than be right.
  • #232,148
  • Jun 17, 2010 11:26am Jun 17, 2010 11:26am
Quoting pivotrader
I'm shorting this baby until 129
Which baby? How can you short GU & put stop at 136 when she is currently 1.4800?
Oh wait .. you must mean GJ ...
******************* I'd rather make money than be right.
  • #232,149
  • Jun 17, 2010 11:31am Jun 17, 2010 11:31am
Quoting 4xStar
Which baby? How can you short GU & put stop at 136 when she is currently 1.4800?
Oh wait .. you must mean GJ ...
yep, meant GJ
lol
  • #232,150
  • Jun 17, 2010 11:33am Jun 17, 2010 11:33am
Quoting 4xStar
Good luck .. but I am short from 4810 & hoping she will touch the DP for profit, although this is just a quick counter-trend trade as I still see overall direction as up.
Clearly 4800 isn't much of an S/R point as it has crossed it a few times now in the past 24hrs. I guess will have to see what happens at 4850.
  • #232,151
  • Jun 17, 2010 12:10pm Jun 17, 2010 12:10pm
Good day to you,

Probability does seem better for shorts. Price currently broken back below the Tuesday close @ 1.4803 - let's see if this level holds.

Trade well

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: dtfd19.gif Size: 21 KB
  • #232,152
  • Jun 17, 2010 12:29pm Jun 17, 2010 12:29pm
Quoting 4xStar
Good luck .. but I am short from 4810 & hoping she will touch the DP for profit, although this is just a quick counter-trend trade as I still see overall direction as up.
I had the same plan, but got out with 14p. Looks like we might just trudge sideways for a bit here.
The market is always right.
  • #232,153
  • Jun 17, 2010 12:47pm Jun 17, 2010 12:47pm
Quoting Artie
I had the same plan, but got out with 14p. Looks like we might just trudge sideways for a bit here.
Booorrrr---ring!

I guess last night was the excitement for the day ... now we watch paint dry.
******************* I'd rather make money than be right.
  • #232,154
  • Jun 17, 2010 12:52pm Jun 17, 2010 12:52pm
hopefully this is a bull flag

note: rejection of the break of support
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 27 KB
  • #232,155
  • Jun 17, 2010 1:07pm Jun 17, 2010 1:07pm
Quoting 4xStar
Good luck .. but I am short from 4810 & hoping she will touch the DP for profit, although this is just a quick counter-trend trade as I still see overall direction as up.
Lol i just got back from eating lunch and read your comment. I'm a very patient guy, it's taking a while to reach my target because of the time i'm trading. Here is a chart showing my entry and my profit target that i am waiting for
Attached Image (click to enlarge)
Click to Enlarge Name: gbp5mins.gif Size: 41 KB
  • #232,156
  • Jun 17, 2010 1:16pm Jun 17, 2010 1:16pm
Hey guys i went ahead and took my profit 5 pips less than my original profit target. I won't trade until later in the day since volatility is very low. Hope everyone makes some pips. I know i do
  • #232,157
  • Jun 17, 2010 2:01pm Jun 17, 2010 2:01pm
H1 look nice for short entry
Attached Image (click to enlarge)
Click to Enlarge Name: 43.gif Size: 17 KB
Verily, in every difficulties there is relief
  • #232,158
  • Jun 17, 2010 2:10pm Jun 17, 2010 2:10pm
Quoting primzvicious
H1 look nice for short entry
I'm short the pound too generally speaking.
but I will race you to 1.4870 before going short =)
  • #232,159
  • Jun 17, 2010 2:27pm Jun 17, 2010 2:27pm
Quoting primzvicious
H1 look nice for short entry
hi Mate. So if You go short in here, where would you put TP? I just want compare to my opinion, i am currently short and my TP is 7740. hello)
  • #232,160
  • Jun 17, 2010 2:37pm Jun 17, 2010 2:37pm
Quoting max00077
hi Mate. So if You go short in here, where would you put TP? I just want compare to my opinion, i am currently short and my TP is 7740. hello)
im not enter yet...sell only confirmed by 5 min timeframe... for 30min and higher shes in bullish view
Verily, in every difficulties there is relief
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