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Cable Update (GBPUSD)

  • #258,601
  • Oct 5, 2010 7:31am Oct 5, 2010 7:31am
Quoting wormboy
seems 5869 had done it's job and we now have a pennant breakout. watch out if you're selling. good luck

Cheers mate, I hope it continues for you.

I have two shorts in added recently. Both near profit, although a push upwards will make then redundant quickly.
SL's at 1.66, always happy to leave them in play on cable. :-)

I am sure they will return to profit, should it break too far upwards.
Dan TheMan
  • #258,602
  • Oct 5, 2010 7:31am Oct 5, 2010 7:31am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Good day everyone

Diamond retest
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  • #258,603
  • Oct 5, 2010 7:32am Oct 5, 2010 7:32am
The GBP/CAD's I called earlier, just came running home :-)

I love this business :-)
Dan TheMan
  • #258,604
  • Oct 5, 2010 7:32am Oct 5, 2010 7:32am
Closed 2 looooooooooooongs @ 1.5900 from Friday
one from 1.5749
other from 1.5707


Loads of HONEY opps
  • #258,605
  • Oct 5, 2010 7:32am Oct 5, 2010 7:32am
i may not post often but you guys supply rich information here i read this thread every ten minute and i want to say thank you guys for sharing
  • #258,606
  • Oct 5, 2010 7:36am Oct 5, 2010 7:36am
Quoting trending
Somethings weird, sounds like a soliloquy going on in the forums.
soliloquy and Ego ...
  • #258,607
  • Oct 5, 2010 7:36am Oct 5, 2010 7:36am
Quoting Popularhelen
i may not post often but you guys supply rich information here i read this thread every ten minute and i want to say thank you guys for sharing
Can't really take credit myself.

But I am sure the others are thankfull for your comments.

How's trading for you today?
Dan TheMan
  • #258,608
  • Oct 5, 2010 7:39am Oct 5, 2010 7:39am
Anyone think EUR/USD is a good short?

1.3790?

20 pips down?
Dan TheMan
  • #258,609
  • Oct 5, 2010 7:41am Oct 5, 2010 7:41am
Quoting WanderingDan
Anyone think EUR/USD is a good short?

1.3790?

20 pips down?
Likely to go to 1.3830 area.
Because:

It broke the week open high.
Bullflag.
USDX very well set a new daily low.


So I don`t think so. Atleast not right now.
Would like to see what happens in 20 min.
But that is just my opinoion.

Alo deepends on what you are looking for. Might be a short retrace, but yea.. Long term I need more confirmation.
  • #258,610
  • Oct 5, 2010 7:41am Oct 5, 2010 7:41am
trading is not bad am waiting for newyork actually am planning to sell euro between 13800-13700 but US bank has been buying aggressively recently so i guess i will wait
  • #258,611
  • Oct 5, 2010 7:42am Oct 5, 2010 7:42am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
Good day everyone..

possible sterling index
update of sterling index
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  • #258,612
  • Oct 5, 2010 7:43am Oct 5, 2010 7:43am
Quoting Sunsi
Likely to go to 1.3830 area.
Because:

It broke the week open high.
Bullflag.
USDX very well set a new daily low.


So I don`t think so. Atleast not right now.
Would like to see what happens in 20 min.
But that is just my opinoion.
Well called.

I sold, now waiting for it to rise 30 pips when I will sell again.

Not in a buying mood today. Nothing feels safe.
Dan TheMan
  • #258,613
  • Oct 5, 2010 7:43am Oct 5, 2010 7:43am
missed my tp because of 1 pip SL set to BE

Quoting scurt
entered long@5865 sl5840 TP1 5900

reasons:
38,2fibo of up move
resistence on h1 which turn into support
touch of downward TL which was broken
  • #258,614
  • Oct 5, 2010 7:44am Oct 5, 2010 7:44am
going long @ 15875 again
  • #258,615
  • Oct 5, 2010 7:44am Oct 5, 2010 7:44am
Quoting Popularhelen
trading is not bad am waiting for newyork actually am planning to sell euro between 13800-13700 but US bank has been buying aggressively recently so i guess i will wait
Smart, I am thinking the same.
Dan TheMan
  • #258,616
  • Oct 5, 2010 7:44am Oct 5, 2010 7:44am
Quoting chazzle
going long @ 15875 again
Brave
Dan TheMan
  • #258,617
  • Oct 5, 2010 7:48am Oct 5, 2010 7:48am
Quoting hyper-fx
First Post here,
just wanted to give my opinion, eventhough Thursday was a down day, but it recovered mostly on Friday, I think due to a major T/L break on early Thursday, we'll see 1.5900 handle again early next week if not Sunday, then it may fall or continue.

Thanks,
Hyper-fx

I thought this may happen and it did a few hours ago. cool!
  • #258,618
  • Oct 5, 2010 7:50am Oct 5, 2010 7:50am
Quoting hyper-fx
I thought this may happen and it did a few hours ago. cool!
Good call!
Where you trading it ?
  • #258,619
  • Oct 5, 2010 7:51am Oct 5, 2010 7:51am
Anyone read this:

http://www.bbc.co.uk/news/business-11474077

?

Harsh enough?

Or just another "slapped" risk for the industry "gods".
Dan TheMan
  • #258,620
  • Oct 5, 2010 7:53am Oct 5, 2010 7:53am
Have closed my longs for a decent profit.
Would like to be on the side until News. I have no idea if USDX will break support or bounce.
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