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Cable Update (GBPUSD)

  • #267,441
  • Dec 28, 2010 5:54am Dec 28, 2010 5:54am
Losts of broken highs!!!!!! lol
  • #267,442
  • Dec 28, 2010 5:56am Dec 28, 2010 5:56am
i got 50 SL. hahaha..

tempting to reverse it but.. hmm... let see.. no.. probably waiting on some yankee news and open.
  • #267,443
  • Dec 28, 2010 6:07am Dec 28, 2010 6:07am
Quoting chazzle
taken a couple more ... average now 15461
took a couple more and out for -25 and BE since yesterday - I actually feel pretty lucky , certainly got the adrenalin going
  • #267,444
  • Dec 28, 2010 6:08am Dec 28, 2010 6:08am
Quoting freqzz
i got 50 SL. hahaha..

tempting to reverse it but.. hmm... let see.. no.. probably waiting on some yankee news and open.

Alright, couldn't help myself... took short @5495. I still don't think we are ready to break the channel but I could be wrong... putting on 40 pip stop. If it travels back to the bottom gain would be 90+ pips so RR in line.
  • #267,445
  • Dec 28, 2010 6:11am Dec 28, 2010 6:11am
Quoting chazzle
took a couple more and out for -25 and BE since yesterday - I actually feel pretty lucky , certainly got the adrenalin going
Must admit you have STAINLESS STEEL BALLS man.
You've got to be IN IT to WIN IT!
  • #267,446
  • Dec 28, 2010 6:15am Dec 28, 2010 6:15am
Quoting Ctic
Alright, couldn't help myself... took short @5495. I still don't think we are ready to break the channel but I could be wrong... putting on 40 pip stop. If it travels back to the bottom gain would be 90+ pips so RR in line.
Good day to you,

Joined you @ 1.5496. SL @ 1.5520 TP @ 1.5410

Should work out during the next day or so. Hmmm?

Cheers!
Attached Image (click to enlarge)
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  • #267,447
  • Dec 28, 2010 6:19am Dec 28, 2010 6:19am
Quoting Ifty
Must admit you have STAINLESS STEEL BALLS man.


What to do with xmas PA? ... Just sit back - wait for extreme move and fade it for a scalp - would have been a better option for me - very hard to guess
  • #267,448
  • Dec 28, 2010 6:24am Dec 28, 2010 6:24am
Quoting TauTrader
Good day to you,

Joined you @ 1.5496. SL @ 1.5520 TP @ 1.5410

Should work out during the next day or so. Hmmm?

Cheers!
Good day to you,

If price does not pass 1.5514 in the next 100 minutes - me finks we are good to go.
  • #267,449
  • Dec 28, 2010 6:26am Dec 28, 2010 6:26am
100 minutes. uh uh uh~
  • #267,450
  • Dec 28, 2010 6:28am Dec 28, 2010 6:28am
Quoting TauTrader
Good day to you,

If price does not pass 1.5514 in the next 100 minutes - me finks we are good to go.
we could still test the 5560 area,before reverse happens.
  • #267,451
  • Dec 28, 2010 6:33am Dec 28, 2010 6:33am
I was looking at the Daily chart and thinking that price action might for 50% retracement to 1.5600 through the new year......2011
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 28 dec 2010 daily.gif Size: 32 KB
The market pays you to be disciplined
  • #267,452
  • Dec 28, 2010 6:40am Dec 28, 2010 6:40am
Price waiting for next re-bound up to 1.55 with short covering?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 28 dec 2010 m5.gif Size: 32 KB
The market pays you to be disciplined
  • #267,453
  • Dec 28, 2010 6:43am Dec 28, 2010 6:43am
Quoting pinkiaiii
we could still test the 5560 area,before reverse happens.
That is the area I'm thinking as well. 1H, 4H RSI & Stochastics looking mighty bullish so shorting here is quite premature IMO.
You've got to be IN IT to WIN IT!
  • #267,454
  • Dec 28, 2010 7:02am Dec 28, 2010 7:02am
the way i see it,for euro and gbp to go lower there has to be a decent retracement,like we see now,so another 200-300pips are possible.Im basing this on monthly gbp/usd chart as its still very bearish.
  • #267,455
  • Dec 28, 2010 7:12am Dec 28, 2010 7:12am
Buying at the Demand Zone was one way of catching Cable's holiday performance today.

Happy new year for the weekend everyone!

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 5 Min 28 Dec 2010.jpg Size: 73 KB
  • #267,456
  • Dec 28, 2010 7:14am Dec 28, 2010 7:14am
Long on EU 13212 looking for 13185 as support with a TP 13275 ... so RR about 1:2 and building long on cable currently 15470 TP/SL about 50/50 so RR 1:1
  • #267,457
  • Dec 28, 2010 7:20am Dec 28, 2010 7:20am
Quoting TauTrader
Good day to you,

Joined you @ 1.5496. SL @ 1.5520 TP @ 1.5410

Should work out during the next day or so. Hmmm?

Cheers!
Ok - closing for +31. Now long EU @ 1.3197 SL tight @ 1.3187

regards
  • #267,458
  • Dec 28, 2010 7:21am Dec 28, 2010 7:21am
Quoting TauTrader
Good day to you,

Joined you @ 1.5496. SL @ 1.5520 TP @ 1.5410

Should work out during the next day or so. Hmmm?

Cheers!
Agreed if you look at a chart a posted last week, sorry on my mobile so hard to post new chart atm, last time we were in this range we were in it for a couple weeks. With low volume at this time of year I don't see it being any different

Good luck to you

C
  • #267,459
  • Dec 28, 2010 7:32am Dec 28, 2010 7:32am
Quoting TauTrader
Ok - closing for +31. Now long EU @ 1.3197 SL tight @ 1.3187

regards
Good day to you,

decided to move my SL down to 1.3156 as to give room for a longer term EU trade. Added another long @ 1.3206 for sh*ts and giggles.

Looking to hold for a bit here.

All success to you
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 29 KB
  • #267,460
  • Dec 28, 2010 7:40am Dec 28, 2010 7:40am
Quoting chazzle
Long on EU 13212 looking for 13185 as support with a TP 13275 ... so RR about 1:2 and building long on cable currently 15470 TP/SL about 50/50 so RR 1:1
right ... went in a couple more times on both and now out for a decent little profit Cable may not break that high today , eh? Took the money and ran lol and treated it as a scalp - with my record so far today - should be happy with that
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