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Cable Update (GBPUSD)

  • #260,981
  • Oct 19, 2010 3:51am Oct 19, 2010 3:51am
Quoting chazzle
ok going short around 15860 area 20sma M15 and good resistance...looking for a retest of the day low
Closing now...feeling some bullish stuff going on perhaps
  • #260,982
  • Oct 19, 2010 3:55am Oct 19, 2010 3:55am
Personally I will maintain my position (h4,h1 bearish)
  • #260,983
  • Oct 19, 2010 4:03am Oct 19, 2010 4:03am
Hiya Folks

I would suggest that in this apparently very volatile market that everyone who is trading makes sure that their 'spreads' have good gaps as we have had a couple of 'skipes' again this morning and your likely to get stopped out otherwise, from a good trade.
  • #260,984
  • Oct 19, 2010 4:32am Oct 19, 2010 4:32am
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.
So Adrian, your original trade was a 1:1.21 R/R and you've now changed that to(sic) a 1:0.33 R/R ratio, by increasing your SL from 226 to(sic) 811, at $100 a pip, and your trade is currently $23,000 in the red. Risking a maximum of 5% of the fund this would require a fund of $460,000 and the 811 pip SL would require a fund of $1.62M.

Can you please explain to me the rationale behind the significant increase in your SL and the process by which you came to(sic) the figures you're using?

Steve
The dream will never die
  • #260,985
  • Oct 19, 2010 4:36am Oct 19, 2010 4:36am
News in 30mins should move this thing on up euro aud is looking bullish except the gbp
  • #260,986
  • Oct 19, 2010 4:41am Oct 19, 2010 4:41am
Much like a doctor proceeding with a difficult operation, George Osborne on Wednesday faces the touch-and-go task of laying out the largest spending cuts in decades without sending the economy into shock.

Waiting for "doctor" Osborne to announce how deep the UK will suffer.

Sir, I am going to abscise your legs and arms. You donīt mind, do you ? I hope the surgical job will not affect your "mobility"...
________________________________ Errare humanum est
  • #260,987
  • Edited 4:46am Oct 19, 2010 4:45am | Edited 4:46am
Long@ 1.5820
SL@ 1.5800
TP@ 1.5900
  • #260,988
  • Oct 19, 2010 4:47am Oct 19, 2010 4:47am
Two dojis on m15 around support..hmm
all higher lows
  • #260,989
  • Oct 19, 2010 4:49am Oct 19, 2010 4:49am
Quoting Pipwanderer
Two dojis on m15 around support..hmm
all higher lows

And lower highs...
  • #260,990
  • Oct 19, 2010 4:53am Oct 19, 2010 4:53am
Is the cable gun loaded yet....i'm pulling the trigger any minute
Enter Signature
  • #260,991
  • Oct 19, 2010 4:58am Oct 19, 2010 4:58am
Quoting mloistianto
I'm selling her since she touch 900.. where is my cash..
Ah.. there is my cashh..
  • #260,992
  • Oct 19, 2010 4:59am Oct 19, 2010 4:59am
Quoting Brotyboy
So Adrian, your original trade was a 1:1.21 R/R and you've now changed that to(sic) a 1:0.33 R/R ratio, by increasing your SL from 226 to(sic) 811, at $100 a pip, and your trade is currently $23,000 in the red. Risking a maximum of 5% of the fund this would require a fund of $460,000 and the 811 pip SL would require a fund of $1.62M.

Can you please explain to me the rationale behind the significant increase in your SL and the process by which you came to(sic) the figures you're using?

Steve

I am really interested in this too.
  • #260,993
  • Oct 19, 2010 5:02am Oct 19, 2010 5:02am
Quoting Dayboy001
Long@ 1.5820
SL@ 1.5800
TP@ 1.5900

wiped out -2%

will re enter when this starts going north, don't like going south at the moment.
will be annoyed if this is just a news blip
  • #260,994
  • Oct 19, 2010 5:03am Oct 19, 2010 5:03am
Quoting Dayboy001
wiped out -2%

will re enter when this starts going north, don't like going south at the moment.
will be annoyed if this is just a news blip
everything else is steady..i got wipped out too...this pair is sinking no support anywhere near.
  • #260,995
  • Oct 19, 2010 5:06am Oct 19, 2010 5:06am
Inserted Video

Thank You
  • #260,996
  • Oct 19, 2010 5:06am Oct 19, 2010 5:06am
i'm waiting for 1,5720 to take profit.
it's plunging right now, no point trying to catch a falling knife unless you wanna lose your fingers, i'll keep mine to press the buy button later
COT: The precious data ignored
  • #260,997
  • Oct 19, 2010 5:06am Oct 19, 2010 5:06am
Quoting Pipwanderer
everything else is steady..i got wipped out too...this pair is sinking no support anywhere near.
Yep, it blast my TL.. no real support atm.. stay put..

closing some of my short here..
  • #260,998
  • Oct 19, 2010 5:09am Oct 19, 2010 5:09am
Quoting wormboy
chaz, we just broke out & the nearest supports are about 30 pips lower. What's the rush mate
*bump*. Here's the W1 support. Time to clear some
Attached Image(s) (click to enlarge)
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Thank You
  • #260,999
  • Oct 19, 2010 5:11am Oct 19, 2010 5:11am
The pullback off the 5837 lo found fresh supply at the underside of the breeched 1hr ascending trend line, confluence with the previous 1hr/4hr swing lo zone and then 23.6% of 6003-5837 with 38.2% of the then intraday 5942-5837 move...the fibs onm the 1hr chart below have now been adjusted to accomodate the new low but the underside of that trend line and previous 1hr/4hr swing lo zone is still clear....Price is now @ 112% of it's 20 day average pip range and is about the 76.4% of the 5668-6107 move at top of that previous 1hr/4hr/daily swing lo zone. extending 5772-47.

G/L

http://www.easy-upload.net/fichiers/...1019121111.gif
ex member
  • #261,000
  • Oct 19, 2010 5:14am Oct 19, 2010 5:14am
Quoting Brotyboy
So Adrian, your original trade was a 1:1.21 R/R and you've now changed that to(sic) a 1:0.33 R/R ratio, by increasing your SL from 226 to(sic) 811, at $100 a pip, and your trade is currently $23,000 in the red. Risking a maximum of 5% of the fund this would require a fund of $460,000 and the 811 pip SL would require a fund of $1.62M.

Can you please explain to me the rationale behind the significant increase in your SL and the process by which you came to(sic) the figures you're using?

Steve
Hi Steve

Do I really need to explain anything to anyone, except to those who funded the account.
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