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Cable Update (GBPUSD)

  • #260,201
  • Oct 13, 2010 2:09am Oct 13, 2010 2:09am
Quoting Pipwanderer
are you long right now that pair has been slow starting to kick up
Nope not in at all at the moment, waiting for 8.15 update......
  • #260,202
  • Oct 13, 2010 2:11am Oct 13, 2010 2:11am
Quoting chazzle
See you later everyone and good luck
Buzzzzy bye chazzle. enjoy your other JOB
  • #260,203
  • Oct 13, 2010 2:13am Oct 13, 2010 2:13am
seeing this as the morning fake until 5870 breaks...
@pawpaw1000 on Twitter
  • #260,204
  • Oct 13, 2010 2:14am Oct 13, 2010 2:14am
Quoting pawpaw1000
seeing this as the morning fake until 5870 breaks...
good morning Pawpaw, long time no see, where have you been
  • #260,205
  • Oct 13, 2010 2:16am Oct 13, 2010 2:16am
Quoting Dayboy001
good morning Pawpaw, long time no see, where have you been
Very busy with the rugby, but do check in here now and then. Have found that the less time I have for forex the more I lose gotta maybe look at a longer term strategy!
@pawpaw1000 on Twitter
  • #260,206
  • Oct 13, 2010 2:17am Oct 13, 2010 2:17am
GBP pairs are showing real strength this morning. i wonder where the strength is coming from???
  • #260,207
  • Oct 13, 2010 2:18am Oct 13, 2010 2:18am
Quoting pawpaw1000
seeing this as the morning fake until 5870 breaks...
Agreed with your viewpoint.

Regards,
Enter Signature
  • #260,208
  • Oct 13, 2010 2:21am Oct 13, 2010 2:21am
Quoting pips stunner
GBP pairs are showing real strength this morning. i wonder where the strength is coming from???
Maybe some of them alreday know the outcome of the jobs claimant news...
  • #260,209
  • Oct 13, 2010 2:24am Oct 13, 2010 2:24am
Quoting basitata
Agreed with your viewpoint.

Regards,

Me too! Morning Pawpaw!
  • #260,210
  • Oct 13, 2010 2:24am Oct 13, 2010 2:24am
got in short with two positions...

60 and 54...

G2G... S/L above this last high at 72...

looking downward to the lows as 1st TP and then 5700 as my next level...
@pawpaw1000 on Twitter
  • #260,211
  • Oct 13, 2010 2:25am Oct 13, 2010 2:25am
Quoting pawpaw1000
got in short with two positions...

60 and 54...
Verily, in every difficulties there is relief
  • #260,212
  • Oct 13, 2010 2:37am Oct 13, 2010 2:37am
Quoting Dayboy001
Long @ 1.5855
Got out at B/E don't like the PA
  • #260,213
  • Oct 13, 2010 2:37am Oct 13, 2010 2:37am
Quoting pips stunner
GBP pairs are showing real strength this morning. i wonder where the strength is coming from???
Don't think it's GBP strength I believe it's USD weakness.........against all other currencies.
  • #260,214
  • Oct 13, 2010 2:39am Oct 13, 2010 2:39am
Quoting pawpaw1000
got in short with two positions...

60 and 54...

G2G... S/L above this last high at 72...

looking downward to the lows as 1st TP and then 5700 as my next level...
Good risk - Reward trade. Its a lot of reistance in 1.5855 area! What are your target points?
  • #260,215
  • Edited 3:01am Oct 13, 2010 2:49am | Edited 3:01am
Long_1,5850 SL5812, (EDIT:>)TP1 5910, TP2 6000

reasons:
above DP
1HTF Llow, Hhigh
closed on 1H TF above 200EMA
10,20 ma`s crosses
fiber going up, probably retest 1,4 or even BO of 1,4
  • #260,216
  • Oct 13, 2010 2:56am Oct 13, 2010 2:56am
Quoting scurt
Long_1,5850 SL5812, (EDIT:>)TP1 5910, TP2 5600

reasons:
above DP
1HTF Llow, Hhigh
closed on 1H TF above 200EMA
10,20 ma`s crosses
fiber going up, probably retest 1,4 or even BO of 1,4
  • #260,217
  • Oct 13, 2010 2:58am Oct 13, 2010 2:58am
Quoting Dayboy001
Got out at B/E don't like the PA
looks like I jumped ship too soon.

not to worry, better to be out and right then in and wrong.
  • #260,218
  • Oct 13, 2010 3:02am Oct 13, 2010 3:02am
cheers bro ... and of course TP2 is 1,6000

Quoting AdrianHNV
  • #260,219
  • Oct 13, 2010 3:03am Oct 13, 2010 3:03am
Quoting Dayboy001
looks like I jumped ship too soon.

not to worry, better to be out and right then in and wrong.
Yup, but as we all know the hardest part of trading is the watching and waiting. In my early days I thought I had to be in every move, used to do upto 100 trades a day,,,,,,,,,,,,,,,, now do between 6 - 12 good trades a day..... Although I must confess I find it really hard not too jump on every move
  • #260,220
  • Oct 13, 2010 3:05am Oct 13, 2010 3:05am
Quoting pawpaw1000
seeing this as the morning fake until 5870 breaks...
1.5893 target longs...will chance a short if we spike high.
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