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Cable Update (GBPUSD)

  • #255,061
  • Sep 22, 2010 7:28am Sep 22, 2010 7:28am
Could be heading for dp, then back up.

Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 27 KB
Are you treadstone?
  • #255,062
  • Sep 22, 2010 7:31am Sep 22, 2010 7:31am
Quoting Bull_Bear
TP adjusted to 1.5800
Apologies guys did not have time to update a post before. In between my session I took my long off at 1.5680 and reversed short.

She could revisit 1.5600 for another attack at the top side.

Looking to buy again around the 1.5600 region.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 128 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #255,063
  • Sep 22, 2010 7:34am Sep 22, 2010 7:34am
Quoting 4xStar
I'm already short, from 5630, 5 min fell out of channel and on Magix' new chart, fell from 'buy zone'
Plus .. she just looks weak atm.
You mean it fell under EMA 200 ? Right
  • #255,064
  • Sep 22, 2010 7:36am Sep 22, 2010 7:36am
Quoting 4xStar
I'm already short, from 5630, 5 min fell out of channel and on Magix' new chart, fell from 'buy zone'
Plus .. she just looks weak atm.
i still wait for confirmation GangCat lol
  • #255,065
  • Sep 22, 2010 7:41am Sep 22, 2010 7:41am
Quoting chazzle
2nd position@15625
3rd@15620

av 15634
closing 3 for 2 pip loss
  • #255,066
  • Sep 22, 2010 7:43am Sep 22, 2010 7:43am
I've already closed my short position on cable and fibre because of this little up move on the 1M charts. Happy with my two 14-pip (for a total of 28) trades. Now that I've had my goal of a daily dose of 20 pips,I'm done for the day.Setting my small aud/usd and dragon trades to be and headed to campus.
Quoting 4xStar
I'm already short, from 5630, 5 min fell out of channel and on Magix' new chart, fell from 'buy zone'
Plus .. she just looks weak atm.
  • #255,067
  • Sep 22, 2010 7:44am Sep 22, 2010 7:44am
short@15640
  • #255,068
  • Sep 22, 2010 7:46am Sep 22, 2010 7:46am
I dont see anything to trade yet. Seems stuck somewhere in the middle.
  • #255,069
  • Sep 22, 2010 7:48am Sep 22, 2010 7:48am
Quoting 4xStar
Start by reading the entire forex course at babypips.com at least twice.
Do not trade more than micro lots and no more than 4 lots open at one time until your account is up 30% or you have had consistent profit for 3 months.

You probably won't follow that advice ... but just trying to help you NOT wipe out your account. We have all been there.
some of us have been there plenty of times.
  • #255,070
  • Sep 22, 2010 7:49am Sep 22, 2010 7:49am
Quoting PipChick
I dont see anything to trade yet. Seems stuck somewhere in the middle.
seems to be stuck in the middle for the past few days.
  • #255,071
  • Sep 22, 2010 7:51am Sep 22, 2010 7:51am
Quoting witsnpips
some of us have been there plenty of times.

i havent
  • #255,072
  • Sep 22, 2010 7:53am Sep 22, 2010 7:53am
I can see a somewhat risky short on a 1 hr close below 5620 targeting 5588.But I think it would be risky. Price is in the middle of nowhere. I personally will wait for my set up.
  • #255,073
  • Sep 22, 2010 7:57am Sep 22, 2010 7:57am
Quoting chazzle
short@15640
closing for 20-price now dangerously close to 50% retracement of fomc move which is also yesterdays early euro session high
  • #255,074
  • Sep 22, 2010 8:01am Sep 22, 2010 8:01am
Quoting PipChick
I can see a somewhat risky short on a 1 hr close below 5620 targeting 5588.But I think it would be risky. Price is in the middle of nowhere. I personally will wait for my set up.
I've got a "half my normal position" order in for some longs at 1.5583 so I like your target. I'll see how we react there and find a good place to get the next half of it.

Took a short in GBP/JPY overnight at 133.15 and looking for a 131.45 target.
check out my blog: forexmademillionaire dot com
  • #255,075
  • Sep 22, 2010 8:05am Sep 22, 2010 8:05am
Quoting Geppy
I've got a "half my normal position" order in for some longs at 1.5583 so I like your target. I'll see how we react there and find a good place to get the next half of it.

Took a short in GBP/JPY overnight at 133.15 and looking for a 131.45 target.
Hey Geppy, Im short GJ too looking for about the same target. Im only in 1/2 position now with stop at BE so hopefully it will get to the target.
  • #255,076
  • Sep 22, 2010 8:12am Sep 22, 2010 8:12am
Quoting PipChick
Looks like the USDX wants to test the 80.30 area. If so, that should bring the GU down around the Monthly pivot.
well, price is still having problems negotiating past day open. Cable is still bullish imo.
Anyone short ought to cover earlier just to be safe.
Thank You
  • #255,077
  • Sep 22, 2010 8:13am Sep 22, 2010 8:13am
long from 15640 and happy to add until 15590-which looks like a strong level
  • #255,078
  • Sep 22, 2010 8:13am Sep 22, 2010 8:13am
Going long if we break 1.5652 (again)
  • #255,079
  • Sep 22, 2010 8:16am Sep 22, 2010 8:16am
Quoting wormboy
well, price is still having problems negotiating past day open. Cable is still bullish imo.
Anyone short ought to cover earlier just to be safe.
Yes, I dont have any confirmation either way yet on the GU so I remain flat GU for now.
  • #255,080
  • Sep 22, 2010 8:18am Sep 22, 2010 8:18am
Quoting PipChick
Hey Geppy, Im short GJ too looking for about the same target. Im only in 1/2 position now with stop at BE so hopefully it will get to the target.
So am I, short is the safe side for dragon PipChick, I'd keep an eye on 131.60
Attached Image (click to enlarge)
Click to Enlarge Name: Dragon.JPG Size: 87 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
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