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Cable Update (GBPUSD)

  • #268,261
  • Jan 11, 2011 6:46am Jan 11, 2011 6:46am
short 1,5591
double top
78,6 fibbo
5m shooting star

sl at be
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  • #268,262
  • Jan 11, 2011 6:48am Jan 11, 2011 6:48am
ok seller... im joining u
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Verily, in every difficulties there is relief
  • #268,263
  • Jan 11, 2011 7:01am Jan 11, 2011 7:01am
Well whadya know after all that ... H1 close <DP lol
  • #268,264
  • Jan 11, 2011 7:02am Jan 11, 2011 7:02am
Quoting manize
M1,M5,M30,H1 still show the bullish channel, but H4 already shown the bearish channel. Just only opinion, the shift trend maybe surrounding ema 200 on H4 (1.5595)!
Good one
  • #268,265
  • Jan 11, 2011 7:07am Jan 11, 2011 7:07am
Quoting dejv
short 1,5591
double top
78,6 fibbo
5m shooting star

sl at be
closed at 1,5557
+ 34 pips
  • #268,266
  • Jan 11, 2011 7:38am Jan 11, 2011 7:38am
just woke up from a very good sleep...
had short on GU at 5565....bears use ur strength and please overtake the bulls...
  • #268,267
  • Jan 11, 2011 7:42am Jan 11, 2011 7:42am
Quoting primzvicious
ok seller... im joining u
  • #268,268
  • Jan 11, 2011 7:53am Jan 11, 2011 7:53am
Quoting grashid
Verily, in every difficulties there is relief
  • #268,269
  • Jan 11, 2011 8:29am Jan 11, 2011 8:29am
Quoting primzvicious
play gold and aud...i believe u can make tonne of money
  • #268,270
  • Jan 11, 2011 8:30am Jan 11, 2011 8:30am
for the 1st time i'm stop out
it hurt so much..unable to trade for couple of days maybe
need some rest
  • #268,271
  • Jan 11, 2011 8:32am Jan 11, 2011 8:32am
Large short position opened @ 15610.
"Timing Is Everything. Really I Swear It Is"
  • #268,272
  • Jan 11, 2011 8:33am Jan 11, 2011 8:33am
gu is moving.. start shorting, guys
  • #268,273
  • Jan 11, 2011 8:40am Jan 11, 2011 8:40am
I shorted on 1.5615, and one more at 1.5630 at PPA and some old tops
  • #268,274
  • Jan 11, 2011 8:44am Jan 11, 2011 8:44am
y u guys keep on shorting although prices have break the resistance level
i'm using tf of 30minutes
can u guys explain a bit as i need some clarification
thanks guys
  • #268,275
  • Jan 11, 2011 8:54am Jan 11, 2011 8:54am
Quoting grashid
play gold and aud...i believe u can make tonne of money
Verily, in every difficulties there is relief
  • #268,276
  • Jan 11, 2011 8:54am Jan 11, 2011 8:54am
Quoting izzas
y u guys keep on shorting although prices have break the resistance level
...
hello fellow Asian,
focus on what u've just said.
focus on support & resistance.
there are a few related threads here, like james16 & billyrayvalentine's threads.
check them out u will learn a lot.

in general, the interactive trading threads are not suited for genuine learning. so read posts here with caution.
  • #268,277
  • Jan 11, 2011 9:00am Jan 11, 2011 9:00am
Quoting supremeChaos
hello fellow Asian,
focus on what u've just said.
focus on support & resistance.
there are a few related threads here, like james16 & billyrayvalentine's threads.
check them out u will learn a lot.

in general, the interactive trading threads are not suited for genuine learning. so read posts here with caution.
Next resistence itīs on 5660.
  • #268,278
  • Jan 11, 2011 9:07am Jan 11, 2011 9:07am
Quoting TexasforEX
Large short position opened @ 15610.
So much of trading depends on your style and account size.

I am a swing trader. If I'm correct in my analysis, this trade probably won't be over for at least a couple weeks. The market could easily range for many hours and I have no real expectations until tomorrow's London session.
"Timing Is Everything. Really I Swear It Is"
  • #268,279
  • Jan 11, 2011 9:09am Jan 11, 2011 9:09am
Quoting TexasforEX
So much of trading depends on your style and account size.

I am a swing trader. If I'm correct in my analysis, this trade probably won't be over for at least a couple weeks. The market could easily range for many hours and I have no real expectations until tomorrow's London session.
with that information being given ... how large of a stop are you using?
  • #268,280
  • Jan 11, 2011 9:14am Jan 11, 2011 9:14am
Quoting kasper
with that information being given ... how large of a stop are you using?
I would become more unsure of this trade if price gets over 15644. I don't have a "fixed" stop but if price gets over last weeks high and holds I wouldn't stick in the trade much longer. There is the possibility of a stop run and reversal over last weeks high. This would result in a weekly bearish engulfing candle which I am looking out for.
"Timing Is Everything. Really I Swear It Is"
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