Cable Update (GBPUSD) | Page 13209 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #264,161
  • Nov 11, 2010 9:32am Nov 11, 2010 9:32am
Quoting lechidi
they sure have been nibbling away at conservative stops. but those who have scalped the range with proper MM (not being too greedy with lo tsize) enabling them keep their stops far away have had a sweet day! i would know!! i only wonder what the gurus here would have scooped today if nimble noob me could have scooped out 60pips...
Not a scalp, and certainly don't consider myself a guru by any stretch...

But last night before I turned in, I took a long on USDCAD...

Am sitting with about 60 pips here myself.

I never bothered getting up for NY session today, and played a little into London for what it was worth, but as far as the rest....Them 60 can evaporate real quick on a day like today. Words of caution here my friend, take what you got, do what a lot of others are doing, take the rest of the day off...
Attached Image (click to enlarge)
Click to Enlarge Name: longloon.jpg Size: 98 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,162
  • Nov 11, 2010 9:39am Nov 11, 2010 9:39am
Quoting Magix
Not a scalp, and certainly don't consider myself a guru by any stretch...

But last night before I turned in, I took a long on USDCAD...

Am sitting with about 60 pips here myself.

I never bothered getting up for NY session today, and played a little into London for what it was worth, but as far as the rest....Them 60 can evaporate real quick on a day like today. Words of caution here my friend, take what you got, do what a lot of others are doing, take the rest of the day off...
Happy hols.,Mag.
All systems of divination, like music itself,work through patterns.
  • #264,163
  • Nov 11, 2010 9:45am Nov 11, 2010 9:45am
Quoting kaspopsicle
Happy hols.,Mag.
Thanks Kas,

Enjoy the day for what it has to offer!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,164
  • Nov 11, 2010 9:58am Nov 11, 2010 9:58am
Quoting Magix
Not a scalp, and certainly don't consider myself a guru by any stretch...

But last night before I turned in, I took a long on USDCAD...

Am sitting with about 60 pips here myself.

I never bothered getting up for NY session today, and played a little into London for what it was worth, but as far as the rest....Them 60 can evaporate real quick on a day like today. Words of caution here my friend, take what you got, do what a lot of others are doing, take the rest of the day off...
gotcha!! thanks mate. been on the sidelines for a bit now. happy hols you guys out there. me i hold a day job in banking in nigeria so i am still working. cheers
  • #264,165
  • Nov 11, 2010 10:07am Nov 11, 2010 10:07am
USD cant seem to break loose. With no break of 1.6092 ( 38 fib, we are still in gange, and this could very well go back up to atleast 1.6125
  • #264,166
  • Nov 11, 2010 10:12am Nov 11, 2010 10:12am
Took a 2nd on euro and got a lucky escape of 5 pips.
  • #264,167
  • Nov 11, 2010 10:12am Nov 11, 2010 10:12am
Quoting Sunsi
USD cant seem to break loose. With no break of 1.6092 ( 38 fib, we are still in gange, and this could very well go back up to atleast 1.6125
seems buyers have yielded....its dropping...
  • #264,168
  • Nov 11, 2010 10:12am Nov 11, 2010 10:12am
I have been waiting for cable all day to do that....Opened a position at 1.6146 also......closed all positions now

Quoting darrenware
Hi All

I am short on Cable at 1.6120 from earlier hoping for 1.6080 ish

Not on here much today.......busy busy

Good Luck ALL

p.s Cable nicked 35 pips off me last night from my +131 pips gained yesterday....went short to early . It better not repeat that again!
SL is above todays high
Enter Signature
  • #264,169
  • Nov 11, 2010 10:19am Nov 11, 2010 10:19am
Yapp, dropping some!
Could also be forming a double tweezer bottom which will get it back to 1.6125 again, lets wait 11 min for the 15 min candle close and see.
  • #264,170
  • Nov 11, 2010 10:28am Nov 11, 2010 10:28am
Quoting chazzle
Took a 2nd on euro and got a lucky escape of 5 pips.
I did one trade on it today and lost -12.5 pips....silly really as i only trade GU.

Hope the days been good to you
Enter Signature
  • #264,171
  • Nov 11, 2010 10:41am Nov 11, 2010 10:41am
Looks like USD are running out of steem for today, that could get this pair back in its range again, and with a 1h candle close higher then 1.6010, I think 1.6160 will get tested again.
  • #264,172
  • Nov 11, 2010 10:58am Nov 11, 2010 10:58am
A very bullish 1h candle is forming.

I think we have seen the bottom for today, and a retest of 1.6150-1.6160 area is not unlikely within the next hours.

I have my first TP at 1.6129. ( 50% fib retace ment on this down move)
  • #264,173
  • Nov 11, 2010 11:06am Nov 11, 2010 11:06am
Quoting Sunsi
A very bullish 1h candle is forming.

I think we have seen the bottom for today, and a retest of 1.6150-1.6160 area is not unlikely within the next hours.

I have my first TP at 1.6129. ( 50% fib retace ment on this down move)
Jeez! when do you guys stop trading?..!!!!
  • #264,174
  • Nov 11, 2010 11:13am Nov 11, 2010 11:13am
Quoting lechidi
Jeez! when do you guys stop trading?..!!!!
Have been awake for about 34hours now, so I don`t stop trading to often
  • #264,175
  • Nov 11, 2010 11:32am Nov 11, 2010 11:32am
Quoting darrenware
I did one trade on it today and lost -12.5 pips....silly really as i only trade GU.

Hope the days been good to you
Thanks Darren,yes been good-first thing was seeing this trend on H4 and scalping in same direction-so much easier than picking tops and bottoms and going against trend-things that have been holding me back for a few months.today got about 1.5% on equity-hope you had a good one mate,take care
  • #264,176
  • Nov 11, 2010 11:35am Nov 11, 2010 11:35am
Quoting chazzle
Thanks Darren,yes been good-first thing was seeing this trend on H4 and scalping in same direction-so much easier than picking tops and bottoms and going against trend-things that have been holding me back for a few months.today got about 1.5% on equity-hope you had a good one mate,take care
Are you in any position at the moment ?
  • #264,177
  • Nov 11, 2010 11:47am Nov 11, 2010 11:47am
Quoting Sunsi
Are you in any position at the moment ?
No Sunsi at work right now...I think mainly scalping for me now while I am at the PC...but cable med term bullish possibly
  • #264,178
  • Nov 11, 2010 2:23pm Nov 11, 2010 2:23pm
If your living in the UK then watch THE TRILLION POUND HORROR on channel 4 +1. I only just noticed it.
You've got to be IN IT to WIN IT!
  • #264,179
  • Nov 11, 2010 3:21pm Nov 11, 2010 3:21pm
Quoting Ifty
If your living in the UK then watch THE TRILLION POUND HORROR on channel 4 +1. I only just noticed it.
Vanessa Phellps is the smallest conundrum and exposure, as far as i can see, Ift. She used to have humungous on the topside...has it all shrunk ? Maybe the whole things were intrinsically a bit topside in the first place...,cu LO .Apologies for the interruption and good luck to all of you in or looking for a trade
BTW.the above has nothing to do with price only a reflection on the weather that we are experiencing in UK.
Trade Well
All systems of divination, like music itself,work through patterns.
  • #264,180
  • Nov 11, 2010 5:06pm Nov 11, 2010 5:06pm
A little observation into the early evening....
Attached Image (click to enlarge)
Click to Enlarge Name: utl.jpg Size: 124 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
467 traders viewing now, 5 are registered:
Dopped
,
vssfx
,
Waveskierrob
,
Jidedon
,
AK.47