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Cable Update (GBPUSD)

  • #259,181
  • Oct 7, 2010 1:50am Oct 7, 2010 1:50am
quick short 15910
  • #259,182
  • Oct 7, 2010 1:53am Oct 7, 2010 1:53am
added 15920
  • #259,183
  • Oct 7, 2010 1:53am Oct 7, 2010 1:53am
Quoting Jazznos
Trend didnt look real upwards to me. on the M15 price seemed pretty well contained by upper TL, and last 5 candles hitting resistance around 5886, so i thought it would go short... was VERY wrong!!
Price had enough power to break resistance level 1.5883 that holds for 1.5 hour. Meaning it has a power. And look on eur resistance level get broken without any correction down. (Easy 20 pips.). And also we have strong correlation between them( eur and gbp).
  • #259,184
  • Oct 7, 2010 1:54am Oct 7, 2010 1:54am
Quoting chazzle
quick short 15910
Thats a pretty risky short ur taking right now.....wheres your stop ?
  • #259,185
  • Oct 7, 2010 1:56am Oct 7, 2010 1:56am
Quoting chazzle
added 15920
whoa, be careful there my friend. trend is up
Volume, MA, Fractal
  • #259,186
  • Oct 7, 2010 1:58am Oct 7, 2010 1:58am
Quoting chazzle
added 15920
Looking for London open reverse 30 pips
  • #259,187
  • Oct 7, 2010 1:58am Oct 7, 2010 1:58am
went long on break

Long @ 1.5890
SL @ 1.5840

Took profit @ 1.5920

reasons pending news ( i don't like giving pips back )
  • #259,188
  • Oct 7, 2010 2:00am Oct 7, 2010 2:00am
Quoting chazzle
added 15920
Good luck Chazzle, but if this news goes against you !!
  • #259,189
  • Oct 7, 2010 2:00am Oct 7, 2010 2:00am
Quoting joemiami
closed my long at 5906.... my nerves were gettting the best of me.

* If she suddenly takes off after im out, I'll be sooooooo pissed !!!
in situation like that..u need to write a protocol to follow when u nervous and follow it.. never done this myself but that would be a solution my friend
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.jpg Size: 109 KB
  • #259,190
  • Oct 7, 2010 2:00am Oct 7, 2010 2:00am
waiting for news...
  • #259,191
  • Oct 7, 2010 2:01am Oct 7, 2010 2:01am
Quoting Dayboy001
Good luck Chazzle, but if this news goes against you !!
it didn't well played !!

boy am I glad I got out my long !!
  • #259,192
  • Oct 7, 2010 2:01am Oct 7, 2010 2:01am
Quoting chazzle
added 15920
closing both...20 , 10
  • #259,193
  • Oct 7, 2010 2:02am Oct 7, 2010 2:02am
Quoting chazzle
closing both...20 , 10
  • #259,194
  • Oct 7, 2010 2:03am Oct 7, 2010 2:03am
Quoting dlumbangaol
whoa, be careful there my friend. trend is up
This trade is like caching a falling knife, very dangerous.
  • #259,195
  • Oct 7, 2010 2:03am Oct 7, 2010 2:03am
Thanks
  • #259,196
  • Oct 7, 2010 2:04am Oct 7, 2010 2:04am
Quoting Dayboy001
Good luck Chazzle, but if this news goes against you !!
Chazzle has been doing a bit of this lately and they seem to keep working out for him!
  • #259,197
  • Oct 7, 2010 2:05am Oct 7, 2010 2:05am
Quoting special0nefx
Thumbs up for gambling on the news?

I'm happy for him but its not a healthy practice at all.
  • #259,198
  • Oct 7, 2010 2:07am Oct 7, 2010 2:07am
I bet chazzle is PISSED right now....lol..

It happens to all of us
  • #259,199
  • Oct 7, 2010 2:08am Oct 7, 2010 2:08am
long trade at 1.5890 s/Loss at 1.5854 t/p 20 pips.
  • #259,200
  • Oct 7, 2010 2:10am Oct 7, 2010 2:10am
GBP Halifax Plc House Prices s.a. -3.6%
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