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Cable Update (GBPUSD)

  • #237,061
  • Jul 11, 2010 11:21pm Jul 11, 2010 11:21pm
Quoting damonl
Yeah.. I hear you. I have been playing the 1M chart for about a year now. Am very successful with it, but not for that kind of money... lol Indeed that is a great way to start the week. Congrats.. I am sitting on my loss, but I had my risk figured correctly, so no worries.
Cripes man, I ain't good enough to take 4k on a 1m chart in a day....

I been holding shorts since Thursday.

I have been hitting the 5 for entries and 1s for exits, a few here n there never hurts.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #237,062
  • Jul 12, 2010 12:01am Jul 12, 2010 12:01am
Quoting Magix
Cripes man, I ain't good enough to take 4k on a 1m chart in a day....

I been holding shorts since Thursday.

I have been hitting the 5 for entries and 1s for exits, a few here n there never hurts.
hahahaha.. that makes more sense..
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,063
  • Jul 12, 2010 1:31am Jul 12, 2010 1:31am
Planning to sit this short out.
Target 1.46 or even 1.38

D1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #237,064
  • Jul 12, 2010 1:47am Jul 12, 2010 1:47am
Quoting Purple
sold one at 150.23.
cloed at 149.65
  • #237,065
  • Jul 12, 2010 1:52am Jul 12, 2010 1:52am
Quoting Purple
cloed at 149.65
Closed at same position.
Waiting short position again.
  • #237,066
  • Jul 12, 2010 1:52am Jul 12, 2010 1:52am
Quoting Purple
cloed at 149.65
Congrats. You're having a good day.
  • #237,067
  • Jul 12, 2010 1:54am Jul 12, 2010 1:54am
Damn, the Asians are all putting in their shorts before London opens. GBP/USD going south like a bat out of hell!
  • #237,068
  • Jul 12, 2010 2:07am Jul 12, 2010 2:07am
Quoting gotpips92
Congrats. You're having a good day.
haha thanks i know, 90 pips for this week till now and london market is not even open yet. I guess I will save all my earned pips to take bolder moves rest of the week.
  • #237,069
  • Jul 12, 2010 2:07am Jul 12, 2010 2:07am
Looking for a short entry, missed the move was not expecting that before london!! oh well always an entr round the corner ....
  • #237,070
  • Jul 12, 2010 2:07am Jul 12, 2010 2:07am
Quoting Purple
haha thanks i know, 90 pips for this week till now and london market is not even open yet. I am saving all my earned pips to take bolder movex during the week.
Shorted around 1.500x waiting for t/p at 1.495
  • #237,071
  • Jul 12, 2010 2:10am Jul 12, 2010 2:10am
Quoting gotpips92
Shorted around 1.50x waiting for t/p at 1.495
I'll wait for clear short, maybe 1.5000 or more
  • #237,072
  • Jul 12, 2010 2:15am Jul 12, 2010 2:15am
I've got a short stop in at 1.5048. That's just how I roll. Either it retraces a bit and I get in before it continues to roll downhill or I miss out by being too greedy and I'll have to trade something else tomorrow. I'm not buying that this is a full blown reversal back to the long term trend just yet.
  • #237,073
  • Jul 12, 2010 2:16am Jul 12, 2010 2:16am
Quoting fxoxford
im back in business, good luck to all.
big boy got whooped again. not gonna flash your p/l today? lol
you are an 8 year pro??? only a mongrel will believe you.
Thank You
  • #237,074
  • Jul 12, 2010 2:19am Jul 12, 2010 2:19am
looks like we are over-sold on 4 hours and we might have a correction in ny session.
  • #237,075
  • Jul 12, 2010 2:22am Jul 12, 2010 2:22am
possible cable pullback soon imho with the gbplfx arriving at daily & monthly primary support levels.
Lowest I have to go before a pullback on cable is @4940. Could pullback from here even. Would be surprising tho if none of the mentioned happens & this fall straight to test 4895.
Let's see how this goes.

Good luck!
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Thank You
  • #237,076
  • Jul 12, 2010 2:29am Jul 12, 2010 2:29am
Current lows being @ a 3 fib cluster:ie 76.4% 4871-5240, 50% 4686-5240, 38.2% 4503-5240....below here a 2 fib cluster @ 4899 area, ie 38.2% 4345-5240 with 61.8% of that 4586-5240 move

G/L
ex member
  • #237,077
  • Jul 12, 2010 2:31am Jul 12, 2010 2:31am
Quoting Magix
With a couple of strategic hedges on the 1m, this drop netted me close to $4k...a very nice way to start a week.
Please tell us more about your strategic hedges on 1m and 5m in the Asian session.

Timing and sizes would be great!
  • #237,078
  • Jul 12, 2010 2:33am Jul 12, 2010 2:33am
small support at Lower median line
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  • #237,079
  • Jul 12, 2010 2:33am Jul 12, 2010 2:33am
GU : 1H

How if we start to think about GU UP ..?
And think about : lower GU just until : 1.4950 ( until tonight )
UP maybe for : 30-50 point ?.....



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  • #237,080
  • Jul 12, 2010 2:38am Jul 12, 2010 2:38am
Quoting wormboy
possible cable pullback soon imho with the gbplfx arriving at daily & monthly primary support levels.
Lowest I have to go before a pullback on cable is @4940. Could pullback from here even. Would be surprising tho if none of the mentioned happens & this fall straight to test 4895.
Let's see how this goes.

Good luck!
GM Wormboy... Good Luck to you as well this week!
"Keep your eyes on the helpers" - Mr. Rogers
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