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Cable Update (GBPUSD)

  • #264,241
  • Nov 12, 2010 7:34am Nov 12, 2010 7:34am
do we need to sell now at 1.6130 in 4 hours triangle?

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  • #264,242
  • Nov 12, 2010 7:41am Nov 12, 2010 7:41am
Quoting uksnowman
nice trade there buddy, show us a chart
now back @BE. i hope he takes profit @ R:R=1, 30 pips. but we dont know his trading plan.
  • #264,243
  • Nov 12, 2010 7:41am Nov 12, 2010 7:41am
Quoting nsrajesh
do we need to sell now at 1.6130 in 4 hours triangle?

Attachment

Maybe 'Sell' as it's Friday, End of G20 summit, apparently 'big boys' in NY still on hang-overs from yesterday, London closes in about 1 1/2 hours.

Maybe 'Buy' cause no one knows where the price will go.

Sorry not much help,
  • #264,244
  • Nov 12, 2010 7:49am Nov 12, 2010 7:49am
Quoting uksnowman
nice trade there buddy, show us a chart
thanks mate, i'll bring in a chart next time. Anyway, I am just a noob at trading and looking to learn from the best. Hv a good day..
  • #264,245
  • Nov 12, 2010 7:55am Nov 12, 2010 7:55am
GBPUSD Daily - Is it just me being a newbie or is it a sign of a drop to come
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  • #264,246
  • Nov 12, 2010 8:11am Nov 12, 2010 8:11am
Quoting id5
GBPUSD Daily - Is it just me being a newbie or is it a sign of a drop to come
Attachment
No idea, sorry me like you and most others here are Newbees........

All the big 'V's are bizzzzy elsewhere, probably having tea
  • #264,247
  • Nov 12, 2010 8:23am Nov 12, 2010 8:23am
Quoting AdrianHNV
No idea, sorry me like you and most others here are Newbees........

All the big 'V's are bizzzzy elsewhere, probably having tea
At the G20 I hope, then they can come back and give us all the inside info
  • #264,248
  • Nov 12, 2010 8:33am Nov 12, 2010 8:33am
Sorry can't post chart at the moment...but price broken out of this descending channel seen clearly on H4 and is about 25 pips above the UTL...I would look for a test of this line and go long if it holds (about 16140) with a stop around 16100, below most of the candles on H4 from the last 4 days...if it wasn't Friday,that is..lol
  • #264,249
  • Nov 12, 2010 8:51am Nov 12, 2010 8:51am
took a short based on 9 nov high just a scalp...16182 stop about 15 pips
  • #264,250
  • Nov 12, 2010 8:53am Nov 12, 2010 8:53am
Quoting chazzle
took a short based on 9 nov high just a scalp...16182 stop about 15 pips
like I said just a scalp ... out for 10 lol
  • #264,251
  • Nov 12, 2010 8:58am Nov 12, 2010 8:58am
Quoting chazzle
like I said just a scalp ... out for 10 lol

Good trade Chazzle

  • #264,252
  • Nov 12, 2010 8:59am Nov 12, 2010 8:59am
here you go chaz. sorry if i'm repeating whats been said today.....i see her testing the 16183-5 for the third time since 9 nov. too..i'm staying flat till next weef. Good Luck.
Attached Image (click to enlarge)
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All systems of divination, like music itself,work through patterns.
  • #264,253
  • Nov 12, 2010 9:00am Nov 12, 2010 9:00am
Quoting AdrianHNV
Good trade Chazzle

thanks Adrian that bee it now,enjoy your weekend!
  • #264,254
  • Nov 12, 2010 9:00am Nov 12, 2010 9:00am
Very little correlation between Euro/USD, USD/Swissy and GBP/USD for now so apart from the trades I put in earlier today I stay flat for now... Off too cook dinner
  • #264,255
  • Nov 12, 2010 9:01am Nov 12, 2010 9:01am
Quoting chazzle
thanks Adrian that bee it now,enjoy your weekend!

You too......... Have fun and Bee good
  • #264,256
  • Nov 12, 2010 9:29am Nov 12, 2010 9:29am
Going for a small short....trailing stop of 10 pips currently past BE
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Enter Signature
  • #264,257
  • Nov 12, 2010 9:59am Nov 12, 2010 9:59am
Quoting chewwl88
I took buy

SL 30 pips
where are you ? i hope really u profit @ biiig resistance .6180 and dont fall asleep
  • #264,258
  • Nov 12, 2010 10:11am Nov 12, 2010 10:11am
Exactly, i was asking myself what lesson i missed, since the correlation was like not existent. At the beginning of the last eurodollar drop, the pound dollar was at the same time going up 250 pips or so, b4 turning.
Of course i got stoped out..lol




Quoting AdrianHNV
Very little correlation between Euro/USD, USD/Swissy and GBP/USD for now so apart from the trades I put in earlier today I stay flat for now... Off too cook dinner
  • #264,259
  • Nov 12, 2010 10:15am Nov 12, 2010 10:15am
Quoting darrenware
Going for a small short....trailing stop of 10 pips currently past BE
The first 1 hour today starting a bit on the edge but finished off lovely

Had an Awesome week
Enter Signature
  • #264,260
  • Nov 13, 2010 4:43am Nov 13, 2010 4:43am
Quoting baggermatsch
where are you ? i hope really u profit @ biiig resistance .6180 and dont fall asleep
Thanks, manage to collect 25 pips before reach resistance. Lucky
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