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Cable Update (GBPUSD)

  • #232,821
  • Jun 22, 2010 5:51am Jun 22, 2010 5:51am
Quoting Bull_Bear
You should ask why and at what point are you thinking of buying?



Little to early for me mate... Here's my entry point 1.4670


I've got that one for my swing trade too, but with a tight SL @1.4639. Next entry below @1.4528, but we might not reach that. Let's see what happens.

Anyway, back to the day trading.
  • #232,822
  • Jun 22, 2010 5:52am Jun 22, 2010 5:52am
Quoting Bull_Bear
Lets put a small scalp on, scalping is not really my territory but what the heck.

sell

1.4720.. SL 1.4760.. TP 1.4670
Calm down mate.. He is favoring upside for now.. Think with clear head mate? well.. i'm not in a position to tell u what to do. Anyway good luck with your trade..
  • #232,823
  • Jun 22, 2010 5:54am Jun 22, 2010 5:54am
wht about the budget coming up ?
will that have a significant drop on this pair ?
  • #232,824
  • Jun 22, 2010 5:59am Jun 22, 2010 5:59am
Short @ 1.4746 not sure........

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Don't be a hero. Don't have an ego. Always question yourself
  • #232,825
  • Jun 22, 2010 6:00am Jun 22, 2010 6:00am
Quoting anti
wht about the budget coming up ?
will that have a significant drop on this pair ?

It could... pending what's in the budget and how aggressive they will be...

price may have already been factored in...

don't be surprised to see it jumping up and down whilst the budget is being read out...
  • #232,826
  • Jun 22, 2010 6:03am Jun 22, 2010 6:03am
Quoting Bull_Bear
Lets put a small scalp on, scalping is not really my territory but what the heck.

sell

1.4720.. SL 1.4760.. TP 1.4670
Anyway forget what i have said.. I'm outta this trade.. +24 pips.. gotta go.. be back later.. good luck with your trade.
  • #232,827
  • Jun 22, 2010 6:04am Jun 22, 2010 6:04am
Quoting crak0
It could... pending what's in the budget and how aggressive they will be...

price may have already been factored in...

don't be surprised to see it jumping up and down whilst the budget is being read out...
JAPAN ??
  • #232,828
  • Jun 22, 2010 6:04am Jun 22, 2010 6:04am
Quoting crak0
It could... pending what's in the budget and how aggressive they will be...

price may have already been factored in...

don't be surprised to see it jumping up and down whilst the budget is being read out...
That is why I am getting out of the market now and I will be going out to enjoy some lunch.
  • #232,829
  • Jun 22, 2010 6:06am Jun 22, 2010 6:06am
What time the budget going to be read out???
  • #232,830
  • Jun 22, 2010 6:07am Jun 22, 2010 6:07am
Quoting forexlion
JAPAN ??

??

UK budget... (not sure if this you're looking for an answer)...

http://news.bbc.co.uk/2/shared/bsp/h...cs/live_event/
  • #232,831
  • Jun 22, 2010 6:07am Jun 22, 2010 6:07am
Quoting mloistianto
Calm down mate.. He is favoring upside for now.. Think with clear head mate? well.. i'm not in a position to tell u what to do. Anyway good luck with your trade..
What makes you think I'm not calm? You Favoring upside, not at 1.4700 support according to my chart.

She's just a dead bounce from what i can see.

Good Luck.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #232,832
  • Jun 22, 2010 6:07am Jun 22, 2010 6:07am
do u recommend scalping oppurtunity ?
as it goes up and down ?
news are bad. i expect this to go to 1.46
  • #232,833
  • Jun 22, 2010 6:08am Jun 22, 2010 6:08am
Quoting bbakker
That is why I am getting out of the market now and I will be going out to enjoy some lunch.

yeah... leaving the office now... not gonna see any movement until it starts in 20 mins time...
  • #232,834
  • Jun 22, 2010 6:10am Jun 22, 2010 6:10am
Daily mid point S1 blocked the way up 3 times..
loosing steam?

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i'll do my best, and let the old lady decide where she wanna go
  • #232,835
  • Jun 22, 2010 6:11am Jun 22, 2010 6:11am
Quoting anti
do u recommend scalping oppurtunity ?
as it goes up and down ?
news are bad. i expect this to go to 1.46

It could be extremely volatile and very fast...

Up to you, but the risk is very real...
  • #232,836
  • Jun 22, 2010 6:12am Jun 22, 2010 6:12am
Quoting Bull_Bear
What makes you think I'm not calm? You Favoring upside, not at 1.4700 support according to my chart.

She's just a dead bounce from what i can see.

Good Luck.
lol. just guessing.. from what u write in your trade. and if i remember correctly. once u was saying that if u lose a trade, u try to calm down before making another one. Just simply guessin. Btw. Thanks for your suggestion..
  • #232,837
  • Jun 22, 2010 6:13am Jun 22, 2010 6:13am
i am a newbie
i am thinking to go with tight stop loss
What do u recommend what your take on this ?
  • #232,838
  • Jun 22, 2010 6:18am Jun 22, 2010 6:18am
Quoting anti
i am a newbie
i am thinking to go with tight stop loss
What do u recommend what your take on this ?
Dangerous policy, it implies that you almost find perfect entries which is seldom the case.
50 pips are normal for me, tracing the bigger moves....
Don't be a hero. Don't have an ego. Always question yourself
  • #232,839
  • Jun 22, 2010 6:18am Jun 22, 2010 6:18am
DOes anyone have a link to the budget announcement that I can listen to and or watch? Thank you.
Know when to hold em, Know when to fold em!
  • #232,840
  • Jun 22, 2010 6:19am Jun 22, 2010 6:19am
Quoting goods
DOes anyone have a link to the budget announcement that I can listen to and or watch? Thank you.

http://news.bbc.co.uk/1/shared/bsp/h...cs/live_event/
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