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Cable Update (GBPUSD)

  • #243,121
  • Aug 4, 2010 9:31am Aug 4, 2010 9:31am
Quoting GlobalMacro
LOL...bro good thing I got rid of my longs at 1.5935 earlier today when she was suffering from constipation...now it looks like she's suffering from....well.......I'll say this much...she's got indigestion problems this week...
yea, bit tough to get a good position going this week i must admit.
Unlike the gbpjpy which was a honestly easier (surprise surprise).
Not gonna let go of my shorts, bloody H4 trades kills you for a wait, sure ain't jumping over a puny 30 pip spike lol

All the best with your trades bro
Thank You
  • #243,122
  • Aug 4, 2010 9:32am Aug 4, 2010 9:32am
Long@ 1.5890
TP 1.60
SL 1.5850

Is anyone else long here ?
  • #243,123
  • Aug 4, 2010 9:34am Aug 4, 2010 9:34am
Quoting GlobalMacro
No strength!...it's falling....
Not convinced take Buy@ 1.5890
will wait till my 4h close and checking
  • #243,124
  • Aug 4, 2010 9:34am Aug 4, 2010 9:34am
Quoting cloggie
That all depends on your risk appetite.
higher TF higher surely about the break, but you can enter late...

shorter TF higher risky, but you can join the ride in the best time...

is that correct?
  • #243,125
  • Aug 4, 2010 9:35am Aug 4, 2010 9:35am
Quoting Dayboy001
Long@ 1.5890
TP 1.60
SL 1.5850

Is anyone else long here ?

Let me see, just about every support level that could have acted as a signal for longs has been ignored, and you are going long in the middle of a previous range?
  • #243,126
  • Aug 4, 2010 9:35am Aug 4, 2010 9:35am
Quoting baruch
higher TF higher surely about the break, but you can enter late...

shorter TF higher risky, but you can join the ride in the best time...

is that correct?

Yup
  • #243,127
  • Aug 4, 2010 9:36am Aug 4, 2010 9:36am
Quoting cloggie
Your trade is paying of, the TL went and we are now testing the top of the previous range. Next one to watch is the bottom of that range at 5874 if and only if the top of the range goes, expect a fake' n shake first (don't anticipate the fakeout at 5861 but the actually bottom)

Pretty much to the pip so far. Yesterday's fakeout will be next. 5861
  • #243,128
  • Aug 4, 2010 9:36am Aug 4, 2010 9:36am
Quoting cloggie
Yup
what about me? a new trader?
30m and h1 is a good start?
  • #243,129
  • Aug 4, 2010 9:37am Aug 4, 2010 9:37am
Quoting baruch
what about me? a new trader?
30m and h1 is a good start?

I can't answer that for you, all depends on your strategy.
  • #243,130
  • Aug 4, 2010 9:37am Aug 4, 2010 9:37am
Im thinking of setting a short order at 1.5850, 10 pips under the low from yesterday. What does everyone think, is it likely to carry on dropping straight past that? Or do you think it'll hold on yesterdays support? This is my first post in this thread aswell, so hello everyone.
Whether you think that you can, or that you can't, you are usually right.
  • #243,131
  • Aug 4, 2010 9:37am Aug 4, 2010 9:37am
Quoting cloggie
Let me see, just about every support level that could have acted as a signal for longs has been ignored, and you are going long in the middle of a previous range?

I'll take that as a NO then !!
  • #243,132
  • Aug 4, 2010 9:38am Aug 4, 2010 9:38am
Quoting Dayboy001
I'll take that as a NO then !!

It is your money and your strategy, a long here does not fit mine. You are not alone though, plenty of others see this as a discount in anticipation of the break on H4, while some see this as a confirmation of the major resistance on H4. I just play it one level at a time without anticipating either. The pattern that is being formed here with this move down has not completed yet.
  • #243,133
  • Aug 4, 2010 9:40am Aug 4, 2010 9:40am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
BUY order changed to 158200 (WR) SL 151500...
Order pending,same for geppy @ 1355xxx..

ta
ams


Quoting ams
As expected, we are retracing before we move up to 1605xx.

I am a buyer of cable around 1585xx and geppy around 1355xx until tomorrow, maybe until NFP. we ain't going down much folks.

USD / cad and USD,CHF are giving signal on the UP side. A good or bad nfp number will push the dollar up regardless as traders might worry about impact on related economies, flight to safety.

ta
ams
  • #243,134
  • Aug 4, 2010 9:42am Aug 4, 2010 9:42am
Failed one... OMG...

Quoting HowieTrader
OK, that's it... Got in already
Long @ 1.59299
TP @ 1.60899
SL @ 1.58813

The pair is seen many times trying to dive below 1.59100 level but just hesitated to do so... Felt safe to go long this time; Will leave for a good rest for today...
  • #243,135
  • Aug 4, 2010 9:42am Aug 4, 2010 9:42am
Quoting cloggie
I can't answer that for you, all depends on your strategy.

i see

i will try to see what is better for me
  • #243,136
  • Aug 4, 2010 9:43am Aug 4, 2010 9:43am
Quoting wormboy
yea, bit tough to get a good position going this week i must admit.
Unlike the gbpjpy which was a honestly easier (surprise surprise).
Not gonna let go of my shorts, bloody H4 trades kills you for a wait, sure ain't jumping over a puny 30 pip spike lol

All the best with your trades bro
that rally last week seems to have sucked off all her strength...so she kinda got off balance this week...I'm still staying flat...prices not low enough for me to open a short position yet...

you too bro...good luck with your trades...
Hear the music before the song is over ...
  • #243,137
  • Aug 4, 2010 9:44am Aug 4, 2010 9:44am
UJ seems to have hit a resistance. Any other observations?
  • #243,138
  • Aug 4, 2010 9:44am Aug 4, 2010 9:44am
Quoting cloggie
Pretty much to the pip so far. Yesterday's fakeout will be next. 5861

Still following the pattern beautifully.
  • #243,139
  • Aug 4, 2010 9:49am Aug 4, 2010 9:49am
u mean if it bounces back from 1.5861 it will continue its uptrend
  • #243,140
  • Aug 4, 2010 9:50am Aug 4, 2010 9:50am
Buy from here tp 1.60 sl 1.5760
I don't think that price will break ex-resistance and top border of ex-channel at 1.5825, maybe it wouldn't be touched. So I think it will be nice position
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