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Cable Update (GBPUSD)

  • #258,461
  • Oct 5, 2010 4:21am Oct 5, 2010 4:21am
Quoting wormboy
i have 5938 next.
let's see how it goes

Looks like... We headed to nowhere?!
  • #258,462
  • Oct 5, 2010 4:22am Oct 5, 2010 4:22am
[email protected] possible new support
  • #258,463
  • Oct 5, 2010 4:22am Oct 5, 2010 4:22am
Quoting chazzle
2% a day is 480% a year without even taking into consideration compounding gains (keeping same lot size all year)...which would be great!
Neither taking losses into account Don't tell me every trade you have is a winning trade, or that you make 2% every day. Feet... ground!

I am not saying it is impossible but these types of returns are only achieved by 5% of traders who make consistent profits.

Anyone take this aggressive short?
http://www.forexfactory.com/showthre...98#post4066998

Nice arrival too! Wish you success with your trading!

P.S. I am in a swing trade long on USDCHF from the extreme level. Let's see what happens. My swing trade from the extreme level on GBPAUD worked out very nicely!
  • #258,464
  • Oct 5, 2010 4:22am Oct 5, 2010 4:22am
Quoting joemiami
Anybody shorting now??
SHORT 1.58858 SL@BE now, TP 1.58158, but looking at price action around daily resistance1 (1.58584)
  • #258,465
  • Oct 5, 2010 4:23am Oct 5, 2010 4:23am
current intraday lo-hi is 108% of the 20day average pip range.

G/L
ex member
  • #258,466
  • Oct 5, 2010 4:24am Oct 5, 2010 4:24am
Quoting wormboy
nice entry
5869 is previous day hi & we're trading above it. If price can float above here, I have no doubt it'll print higher for the day.
where did you place your stop?
I currently have my stope 1.5838. Bit under 38.2% retracement of this move and also seem to have some respect for these levels.

But I hope we hold over yesterdays high.

tp1. 1.5920
tp2. 1.5937 ( 168 fib ext)
tp3. Open.
  • #258,467
  • Oct 5, 2010 4:24am Oct 5, 2010 4:24am
Quoting bbakker
Neither taking losses into account Don't tell me every trade you have is a winning trade, or that you make 2% every day. Feet... ground!

I am not saying it is impossible but these types of returns are only achieved by 5% of traders who make consistent profits.

Anyone take this aggressive short?
http://www.forexfactory.com/showthre...98#post4066998

Nice arrival too! Wish you success with your trading!
Jeez guys...I was trying to give a subtle hint,lol
  • #258,468
  • Oct 5, 2010 4:25am Oct 5, 2010 4:25am
Keeping an Eye on 1.5904 > 1.5933 > 1.5965 > 1.5997 today....fingers and legs crossed
Enter Signature
  • #258,469
  • Oct 5, 2010 4:25am Oct 5, 2010 4:25am
If U.S. non manu PMI data this morning is good then we may see S&P 500 rebound higher and take GU along for the ride...........
  • #258,470
  • Oct 5, 2010 4:28am Oct 5, 2010 4:28am
USD gave little bounce from the bottom. Seems to forming bearish pattern now.
If USDx takes out last days low, it should help GU go higher.
  • #258,471
  • Oct 5, 2010 4:29am Oct 5, 2010 4:29am
Quoting Reznik
Looks like... We headed to nowhere?!
depends on what tf you're looking at.
My w1 is still moving up.
Thank You
  • #258,472
  • Oct 5, 2010 4:29am Oct 5, 2010 4:29am
Quoting darrenware
Keeping an Eye on 1.5904 > 1.5933 > 1.5965 > 1.5997 today....fingers and legs crossed
I really wouldn't go long over 1.59

I have shorted from 1.58950 and there abouts - twice.
First took 20 pips, then shorted agin on the retrace and grabbed a further 15 pips.

Cable has been good to me so far, but I have concerns over buying at this level.
Dan TheMan
  • #258,473
  • Oct 5, 2010 4:30am Oct 5, 2010 4:30am
Where is the best place to track USDx? My MT4 does not offer it?
Today's zone = Tomorrow's opportunity!
  • #258,474
  • Oct 5, 2010 4:31am Oct 5, 2010 4:31am
Quoting chazzle
Jeez guys...I was trying to give a subtle hint,lol
To the eye that doesn't look like a subtle hint, just a statement. What is it with people and their cryptic posts with their subtle hints. People read posts on face value unless smilies are used to indicate otherwise. Do yourself a favour... don't try to be a wise guy!
  • #258,475
  • Oct 5, 2010 4:31am Oct 5, 2010 4:31am
Adding another 'long buy' @ 1.587 TP 5940 and SL 5770
  • #258,476
  • Oct 5, 2010 4:31am Oct 5, 2010 4:31am
Quoting pres78
Where is the best place to track USDx? My MT4 does not offer it?
http://www.forexpros.com/quotes/us-d...advanced-chart
  • #258,477
  • Oct 5, 2010 4:33am Oct 5, 2010 4:33am
Quoting bbakker
http://www.forexpros.com/quotes/us-d...advanced-chart
great thanks so much.
Today's zone = Tomorrow's opportunity!
  • #258,478
  • Oct 5, 2010 4:34am Oct 5, 2010 4:34am
Quoting WanderingDan
I really wouldn't go long over 1.59

I have shorted from 1.58950 and there abouts - twice.
First took 20 pips, then shorted agin on the retrace and grabbed a further 15 pips.

Cable has been good to me so far, but I have concerns over buying at this level.
Cheers....only have a small position at the moment. Will see how things pan out
Enter Signature
  • #258,479
  • Oct 5, 2010 4:34am Oct 5, 2010 4:34am
Quoting Sunsi
I currently have my stope 1.5838. Bit under 38.2% retracement of this move and also seem to have some respect for these levels.

But I hope we hold over yesterdays high.

tp1. 1.5920
tp2. 1.5937 ( 168 fib ext)
tp3. Open.
okay .. well since you had moved it slightly lower than the 38.2%, you might want to reconsider lowering it a notch. 5829 is the day open. Just a heads up, wouldn't matter anyway if 869 holds. We've just had the first test @869, so far you got nothing to worry about.

Good luck
Thank You
  • #258,480
  • Oct 5, 2010 4:37am Oct 5, 2010 4:37am
Quoting pres78
Where is the best place to track USDx? My MT4 does not offer it?
BRCO has it. The broker. I would love to have have a file to add it to my MT4 myself!
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