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Cable Update (GBPUSD)

  • #258,481
  • Oct 5, 2010 4:38am Oct 5, 2010 4:38am
Quoting bbakker
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!
  • #258,482
  • Oct 5, 2010 4:38am Oct 5, 2010 4:38am
Quoting AdrianHNV
Adding another 'long buy' @ 1.587 TP 5940 and SL 5770
Too early. The speedbump between 5853 and 5843 would be my first look for a long. Your R/R ratio is also skewed. 53 pip reward for a 117 pip risk

Don't tell me... you will close it out before it hits your SL. I wish you success with your trading!
  • #258,483
  • Oct 5, 2010 4:39am Oct 5, 2010 4:39am
Quoting darrenware
Cheers....only have a small position at the moment. Will see how things pan out
Indeed.
One post suggested that 5869 might hold steady.
I have my doubts. - I think 5820 will offer the main resistance.
Be careful of the stops.

What size account are you trading? If it's ok to ask?
Dan TheMan
  • #258,484
  • Oct 5, 2010 4:40am Oct 5, 2010 4:40am
Take profit for 2/3 positon on tp1 5867, dont have a patience...
3/3 of position still running... targeting probably only TP2

Quoting scurt
took 30 pips on R1, sl at BE, looking for TP2 and TP3

also

buy_stop@1,5917 sl will be current low, TP 1,5970
Quoting scurt
Sell_limit@1,5908 sl5930, TP1-5867, TP2 5788, TP3 5699

reasons:
almost 200 pips upmove
main downward TL
possible double top
  • #258,485
  • Oct 5, 2010 4:41am Oct 5, 2010 4:41am
Quoting wormboy
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
Thanks!
That sounds pretty smart, I have moved it to 5823.
Where is your stops?
But .689 seems to be holding up at the moment. Also 15min candles starting to look bullish. Hoping we don`t go any lower then this.


Good luck to you to. Let`s break 1.5900 now!
  • #258,486
  • Oct 5, 2010 4:42am Oct 5, 2010 4:42am
Quoting chazzle
Time for that button. Waste of time and space!
  • #258,487
  • Oct 5, 2010 4:44am Oct 5, 2010 4:44am
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.
Once price properly close above 5894 on the htf ie the H1, it'll signal the range breakout & the previously closed H4 pb will come into play. Buying above 5900 level is totally justified under the right circumstances.
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Thank You
  • #258,488
  • Oct 5, 2010 4:46am Oct 5, 2010 4:46am
Quoting WanderingDan
Indeed.
One post suggested that 5869 might hold steady.
I have my doubts. - I think 5820 will offer the main resistance.
Be careful of the stops.

What size account are you trading? If it's ok to ask?

I only just recently moved from a Demo account to a Micro Account. I did not want to make a big jump into the real world of Live trading....need to get used to the emotional side of trading first
Enter Signature
  • #258,489
  • Oct 5, 2010 4:46am Oct 5, 2010 4:46am
Quoting WanderingDan
Indeed.
One post suggested that 5869 might hold steady.
I have my doubts. - I think 5820 will offer the main resistance.
Be careful of the stops.

What size account are you trading? If it's ok to ask?
Why do shoulden`t 1.5869 hold? Looks like its holding up pretty nice at the moment.
If you think it wont hold, then you should say why ?
  • #258,490
  • Oct 5, 2010 4:47am Oct 5, 2010 4:47am
Quoting Sunsi
Thanks!
That sounds pretty smart, I have moved it to 5823.
Where is your stops?
But .689 seems to be holding up at the moment. Also 15min candles starting to look bullish. Hoping we don`t go any lower then this.


Good luck to you to. Let`s break 1.5900 now!
you're welcome

my stop is still @660 since yesterday. I've not amended it yet. Will do so when we test 970

Good luck to you too. I'm outta here, catch you later.
Thank You
  • #258,491
  • Oct 5, 2010 4:49am Oct 5, 2010 4:49am
Quoting darrenware
I only just recently moved from a Demo account to a Micro Account. I did not want to make a big jump into the real world of Live trading....need to get used to the emotional side of trading first
Hiya Darren

This is well worth reading and saving to favorites.

http://www.forexcrunch.com/this-emot...rading-career/
  • #258,492
  • Oct 5, 2010 4:50am Oct 5, 2010 4:50am
USD index forming a bearish 1h candle now. Would love to get a close under yestrdays low!
That should make the USD fall a decent amount.
  • #258,493
  • Oct 5, 2010 4:50am Oct 5, 2010 4:50am
Quoting wormboy
Once price properly close above 5894 on the htf ie the H1, it'll signal the range breakout & the previously closed H4 pb will come into play. Buying above 5900 level is totally justified under the right circumstances.
I agree that it's totally justified under the right circumstances. - But my personal opinion is that today's market does not offer the right circumstances.

For anyone buying, I hope I am proved wrong.

I have sold several times in early trading, now watching cable from safety.

15002627 GBP/CAD 20 S 1.62142 1.62118 2.4 4.70 0.00 05/10/2010 10:10 05/10/2010 10:35
15002667 EUR/USD 30 S 1.37734 1.37634 10 30.00 0.00 05/10/2010 10:14 05/10/2010 10:20
15002542 GBP/USD 20 S 1.58955 1.58800 15.5 31.00 0.00 05/10/2010 09:59 05/10/2010 10:07
14999840 CHF/JPY 20 S 86.105 86.005 10 24.02 0.00 05/10/2010 06:17 05/10/2010 09:12
14999938 GBP/USD 20 S 1.58091 1.57800 29.1 58.20 0.00 05/10/2010 06:30 05/10/2010 08:24
14999788 GBP/USD 20 S 1.57987 1.57800 18.7 37.40 0.00 05/10/2010 06:13 05/10/2010 08:24
15000251 GBP/CAD 20 S 1.62022 1.61822 20 39.05 0.00 05/10/2010 07:03 05/10/2010 08:06
15000334 GBP/USD 20 S 1.58189 1.58000 18.9 37.80 0.00 05/10/2010 07:07 05/10/2010 08:06
Dan TheMan
  • #258,494
  • Oct 5, 2010 4:52am Oct 5, 2010 4:52am
Quoting WanderingDan
I agree that it's totally justified under the right circumstances. - But my personal opinion is that today's market does not offer the right circumstances.

For anyone buying, I hope I am proved wrong.

I have sold several times in early trading, now watching cable from safety.

15002627 GBP/CAD 20 S 1.62142 1.62118 2.4 4.70 0.00 05/10/2010 10:10 05/10/2010 10:35
15002667 EUR/USD 30 S 1.37734 1.37634 10 30.00 0.00 05/10/2010 10:14 05/10/2010 10:20
15002542 GBP/USD 20 S 1.58955 1.58800 15.5 31.00 0.00 05/10/2010 09:59 05/10/2010 10:07
14999840...
What are your reason for shorthing this now?
Great GBP number.
Stocks up.
USDx looking bearish.
  • #258,495
  • Oct 5, 2010 4:53am Oct 5, 2010 4:53am
While we would not cross the new high of today just yet at 1.5914, I have a pending order at todays high for short to 1.5833-41. That is my new entry for long-LONG TERM on this entry should take me to cash on.
  • #258,496
  • Oct 5, 2010 4:56am Oct 5, 2010 4:56am
Quoting Sunsi
Why do shoulden`t 1.5869 hold? Looks like its holding up pretty nice at the moment.
If you think it wont hold, then you should say why ?
Old pal now at a well known firm - "suggests" big order waiting for US opening at around 5850
Dan TheMan
  • #258,497
  • Oct 5, 2010 4:56am Oct 5, 2010 4:56am
fresh buy the dip demand seen around confluence of previous 1hr/4hr swing hi zone (yesterday's Hi) = potential RBs with 23.6% 5702 - current intraday Hi...

Will it hold ??
G/L
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ex member
  • #258,498
  • Oct 5, 2010 4:57am Oct 5, 2010 4:57am
Quoting WanderingDan
I agree that it's totally justified under the right circumstances. - But my personal opinion is that today's market does not offer the right circumstances.

For anyone buying, I hope I am proved wrong.

I have sold several times in early trading, now watching cable from safety.

15002627 GBP/CAD 20 S 1.62142 1.62118 2.4 4.70 0.00 05/10/2010 10:10 05/10/2010 10:35
15002667 EUR/USD 30 S 1.37734 1.37634 10 30.00 0.00 05/10/2010 10:14 05/10/2010 10:20
15002542 GBP/USD 20 S 1.58955 1.58800 15.5 31.00 0.00 05/10/2010 09:59 05/10/2010 10:07...

I can prove you wrong. I have bought cable a few times as well today. Also watching the remaining position open from safety
Good luck. Time for my jog.
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Click to Enlarge Name: today.png Size: 97 KB
Thank You
  • #258,499
  • Oct 5, 2010 4:58am Oct 5, 2010 4:58am
Quoting AdrianHNV
Hiya Darren

This is well worth reading and saving to favorites.

http://www.forexcrunch.com/this-emot...rading-career/

Thank you....i'll have a good read through
Enter Signature
  • #258,500
  • Oct 5, 2010 4:58am Oct 5, 2010 4:58am
Quoting fendi
While we would not cross the new high of today just yet at 1.5914, I have a pending order at todays high for short to 1.5833-41. That is my new entry for long-LONG TERM on this entry should take me to cash on.

Smart.

I have just chucked another short in at 58825 - Only after 10 pips though.
Dan TheMan
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