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Cable Update (GBPUSD)

  • #260,841
  • Edited 3:00am Oct 18, 2010 2:37am | Edited 3:00am
Quoting AdrianHNV
1.6323 is the projected high that I have spent the last hour or so working out.

I have opened another account for GBP/USD and placed a reasonable trade into it from 1.6049 with a TP @ 1.6323 which is 274 pips SL set at 1.5823 to give a nice allowance. Hopefully this long term trade will mature my way

If this comes off I will donate half of the profit to the UNICEF and the other half to WWF

I will of course adjust the SL if need bee
Adjusted the SL too 1.5238 over the weekend, because of several new news articles, a few of which I'm sure will drive GBP down for a while before acceding again.
  • #260,842
  • Oct 18, 2010 2:38am Oct 18, 2010 2:38am
Quoting trader8080
what's the trigger for this trade ?
5831 strong s/r area 1st target and second target yet to determine
  • #260,843
  • Oct 18, 2010 2:41am Oct 18, 2010 2:41am
im with wb gone long at 70.
  • #260,844
  • Oct 18, 2010 2:47am Oct 18, 2010 2:47am
I am long at 1.5880 & 1.5947... with 2 dollar / pip... hoping for 1.6000 tomorrow mid day.... lets see...
  • #260,845
  • Oct 18, 2010 2:48am Oct 18, 2010 2:48am
Quoting AdrianHNV
Adjusted the SL too 1.623 over th weekend, because of several new news articles, a few of which I'm sure will drive GBP down for a while before acceding again.
Stop at 1.623?? maybe you mean target
Mind over matter..I don't mind and you don't matter.
  • #260,846
  • Oct 18, 2010 2:50am Oct 18, 2010 2:50am
Quoting wormboy
n

back to cable ...
gone long @5876 & stop @5755
what target are you looking at?
Mind over matter..I don't mind and you don't matter.
  • #260,847
  • Oct 18, 2010 2:59am Oct 18, 2010 2:59am
The current 141 pip drop today off current 6003 intraday Hi is already @ 95% of the 20 day average pip range for this pairing....A pullback off 5914 (200sma on 1hr) found fresh supply @ 5950 pullback Hi region which precipated the 2nd leg of the drop on 1hr to current 5861 Lo @ the 200sma on 4hr.

Below current price-near term fibs are : 5857-35 is 76.4% 5753-6107 with 61.8% 5668 to same 6107 Hi.

The current 1hr chart in respect of potential supp/res/sbr/rbs factors is below.

I guess Friday's candle close was a little ominous ? Lol

G/L

http://www.easy-upload.net/fichiers/z.2010101895812.gif
ex member
  • #260,848
  • Oct 18, 2010 3:02am Oct 18, 2010 3:02am
Quoting JuliusCeasar
Stop at 1.623?? maybe you mean target
Opps JC sorry was watching a news article on Market Watch and typed in wrong figures, have now edited, original post above
  • #260,849
  • Oct 18, 2010 3:04am Oct 18, 2010 3:04am
Quoting scurt
very risky from my opinion... standing aside...
anyway, good luck

Quoting trader8080
what's the trigger for this trade ?


just only I saw a formation and my sixth feeling..forming a cup I see H4 chart..and now 25 pips down already
  • #260,850
  • Oct 18, 2010 3:08am Oct 18, 2010 3:08am
Quoting Pipwanderer
5831 strong s/r area 1st target and second target yet to determine

thanks pipwanderer
  • #260,851
  • Oct 18, 2010 3:14am Oct 18, 2010 3:14am
The pullback off 5861 finds fresh supply @ 5886 and sees a further 5min leg down to current lo around those aforementioned fibs 5835-37.

The 4hr chart in respect of potential supp/res/sbr factors on that t/f is below...

Below current price some fibs of the major swings to that 6107 Hi , Weekly S1 pivot around 5791 area and 5771-47 is a previous 4hr/daily swing lo zone with the 76.4% of that 5668-6107 at it's top extreme @ 5771.

G/L

http://www.easy-upload.net/fichiers/...1018101048.gif
ex member
  • #260,852
  • Oct 18, 2010 3:15am Oct 18, 2010 3:15am
Quoting ebush
thanks pipwanderer
long@ 1.5840
SL@ 1.5820
TP@ 1.5920
  • #260,853
  • Oct 18, 2010 3:15am Oct 18, 2010 3:15am
shorted from 1.5940..support becomes resistance..4h...+70 pips..flat for now
  • #260,854
  • Oct 18, 2010 3:16am Oct 18, 2010 3:16am
Quoting AdrianHNV
Adjusted the SL too 1.5238 over the weekend, because of several new news articles, a few of which I'm sure will drive GBP down for a while before acceding again.
uf, you have huge account........

10 lots with 811 pips SL, am I right?


have a good one

pipgame
  • #260,855
  • Oct 18, 2010 3:20am Oct 18, 2010 3:20am
First target hit at 5840 60 pips straight in the pocket..waiting for a nice retracement to unleash some more shorts nnext target
  • #260,856
  • Oct 18, 2010 3:23am Oct 18, 2010 3:23am
THIS MARGIN CHANGE KILLED MY ACCOUNT I CAN ONLHY HOLD A FEW POSITIONS i NEED A CHANGE OF TRADING PLAN...
  • #260,857
  • Oct 18, 2010 3:27am Oct 18, 2010 3:27am
Quoting Dayboy001
long@ 1.5840
SL@ 1.5820
TP@ 1.5920
you are long going for right now...what is your reason? are you targeting 50% fibo and that move down?
  • #260,858
  • Oct 18, 2010 3:35am Oct 18, 2010 3:35am
Quoting pipgame
uf, you have huge account........

10 lots with 811 pips SL, am I right?


have a good one

pipgame
Tis only money and you can't take it with you, so spend it wisely is my motto for living
  • #260,859
  • Oct 18, 2010 3:40am Oct 18, 2010 3:40am
Quoting AdrianHNV
Tis only money and you can't take it with you, so spend it wisely is my motto for living
agree with you
  • #260,860
  • Oct 18, 2010 3:44am Oct 18, 2010 3:44am
5835 the current lo (76.4% 5753-6107/61.8% 5668-6108) and price @ 112% of it's 20 day average pip range off the current 6003 intraday Hi....

The current 1hr chart in respect of near-term potential supp/res/sbr factors on this t/f is below..Not shown below current price are the 4hr ascending trend lines and unbreeched fibs of the major swings from and including 5296 to 6107, barring that 76.4% 5753-6107 which is shown on this 1hr chart.


1hr is a definate downtrend now, 4hr uncertain again, daily in uptrend.

Good old Mondays !!

G/L

http://www.easy-upload.net/fichiers/...1018104247.gif
ex member
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