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Cable Update (GBPUSD)

  • #272,441
  • Feb 20, 2011 11:37pm Feb 20, 2011 11:37pm
Can't wait to see 1.63, after then i will short again.
  • #272,442
  • Feb 20, 2011 11:45pm Feb 20, 2011 11:45pm
Perhaps this ship "is" unsinkable...
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  • #272,443
  • Feb 20, 2011 11:52pm Feb 20, 2011 11:52pm
Quoting FerociousHit
Perhaps this ship "is" unsinkable...
you dont see 1.5961 this week
  • #272,444
  • Feb 21, 2011 12:10am Feb 21, 2011 12:10am
Bull where are you?
  • #272,445
  • Feb 21, 2011 12:11am Feb 21, 2011 12:11am
Quoting PoundTrader
you dont see 1.5961 this week
First, I'm hoping for a mini blast off, 1.63 sounds like a great altitude.

End of the month is a tough one. It could power up till the end or down, either way, I'm feeling some high volatility this week.
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  • #272,446
  • Feb 21, 2011 12:11am Feb 21, 2011 12:11am
why guess the trend when you can trade the moment?

short gbp/usd TP/SL 30/30
  • #272,447
  • Feb 21, 2011 12:13am Feb 21, 2011 12:13am
Cable should go around 1.63 today before deciding its next move.
  • #272,448
  • Feb 21, 2011 12:15am Feb 21, 2011 12:15am
A list of thing every trader should check before entering a trade or creating a plan:

http://2.bp.blogspot.com/-EhcGgTZL-S...principles.png

Cheers and green pips for you, fellows!
  • #272,449
  • Feb 21, 2011 12:15am Feb 21, 2011 12:15am
Cable 15 minute chart view
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  • #272,450
  • Feb 21, 2011 12:18am Feb 21, 2011 12:18am
Quoting fxprocessor
Cable 15 minute chart view
that among other things.

even got some divergence on the 4hr to back it up.
  • #272,451
  • Feb 21, 2011 12:29am Feb 21, 2011 12:29am
buying cable at 6232 target 80 pips
  • #272,452
  • Feb 21, 2011 12:34am Feb 21, 2011 12:34am
US holiday. so i think it should be a little below 1.6200 range today. Maybe 1.63 tommorrow.
To Your Success!!
  • #272,453
  • Feb 21, 2011 12:44am Feb 21, 2011 12:44am
ok london session is a bit boring and US banks are closed I guess I might just wait till tomorrow
  • #272,454
  • Feb 21, 2011 1:18am Feb 21, 2011 1:18am
figured i would put a real trade up, :-) haha. love my simple non-mt4 charts!
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  • #272,455
  • Feb 21, 2011 1:23am Feb 21, 2011 1:23am
Quoting spiritbreezer
buying cable at 6232 target 80 pips
I am with you.

Let it soak.

Hold out 5 hours or so.
  • #272,456
  • Feb 21, 2011 1:50am Feb 21, 2011 1:50am
Quoting MidasFX
figured i would put a real trade up, :-) haha. love my simple non-mt4 charts! Attachment
good stuff.
  • #272,457
  • Feb 21, 2011 1:53am Feb 21, 2011 1:53am
closed out 80% at about +12 pips and adjusted stop super tight.
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  • #272,458
  • Feb 21, 2011 1:55am Feb 21, 2011 1:55am
Quoting FerociousHit
I am with you.

Let it soak.

Hold out 5 hours or so.
Rocket engine blew up on the pad.

Looks like the best we can hope for now, is the top of the channel @ 6235
  • #272,459
  • Feb 21, 2011 2:08am Feb 21, 2011 2:08am
bias: bullish
set PO at 1,6180
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  • #272,460
  • Feb 21, 2011 2:10am Feb 21, 2011 2:10am
dollar index holds support @ its 38.2% retracement with positive divergence is developing.

Let's if it has strength to continue its north journey... Like to see if it break above 78.50 first
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