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Cable Update (GBPUSD)

  • #276,741
  • Apr 18, 2011 8:03am Apr 18, 2011 8:03am
i dont no what to do? i am in long on gbp/usd at a loss of £2,000
£20 per point and have 10k any ideas please
  • #276,742
  • Apr 18, 2011 8:04am Apr 18, 2011 8:04am
i bought.
20 seconds later targeted 6268

what happens??????
90% of traders use TA, indicators and prediction
  • #276,743
  • Edited 8:28am Apr 18, 2011 8:05am | Edited 8:28am
i bought.
20 seconds later targeted 6268

what happens??

sorry for the double post
fxfactory server was down n refreshing
90% of traders use TA, indicators and prediction
  • #276,744
  • Apr 18, 2011 8:28am Apr 18, 2011 8:28am
100 pips in 15 minutes, anyone grab that?
  • #276,745
  • Apr 18, 2011 8:32am Apr 18, 2011 8:32am
Quoting 0rPhioZ
100 pips in 15 minutes, anyone grab that?
me "only" 30
90% of traders use TA, indicators and prediction
  • #276,746
  • Apr 18, 2011 8:33am Apr 18, 2011 8:33am


S&P affirms ratings on US > outlook revised to negative from stable

got some of it...30 pips hit my target...

certainly took off didnt it?
  • #276,747
  • Apr 18, 2011 8:35am Apr 18, 2011 8:35am
Quoting _BBKing_
me "only" 30
Good for you. But this seems like a trap because other pairs are going back to their initial position.
  • #276,748
  • Apr 18, 2011 8:37am Apr 18, 2011 8:37am
Quoting 0rPhioZ
100 pips in 15 minutes, anyone grab that?
I grabbed 80 just got there in time!

Feels Good hope you rid the wave..
  • #276,749
  • Apr 18, 2011 8:38am Apr 18, 2011 8:38am
Quoting Cobby

S&P affirms ratings on US > outlook revised to negative from stable

got some of it...30 pips hit my target...

certainly took off didnt it?

how long this will have a direct effect on the GBP/USD ?? just today or possible longterm....

meaning have some positions around 1.63 levels by mistake..... should dump now expecting drop to 1.59 levels or the above news has not such strong effect?
  • #276,750
  • Apr 18, 2011 8:41am Apr 18, 2011 8:41am
are we going to see a fast breake of all resistances now due to sell off of us dollars?
or is it all done and now market goes in "normal mode"?
90% of traders use TA, indicators and prediction
  • #276,751
  • Apr 18, 2011 8:43am Apr 18, 2011 8:43am
Quoting Cobby

S&P affirms ratings on US > outlook revised to negative from stable

got some of it...30 pips hit my target...

certainly took off didnt it?

few times in my experience i saw n h1 candle like this of 100 pips.
surely not a 15m candle of 70 pips
only when euro crashed last year i saw something similar......
got a big boost!
90% of traders use TA, indicators and prediction
  • #276,752
  • Apr 18, 2011 8:45am Apr 18, 2011 8:45am
hi sphinx8

how long is a piece of string?

i have no idea...

i traded my system... when it shot past my target...
i tried to identify what caused the reaction...

XAGUSD silver has run to new highs after coming off all day...

keep your eyes and ears open for more clues on direction though...
it certainly spruiked the bears into retreating in a hurry...
  • #276,753
  • Edited 8:54am Apr 18, 2011 8:49am | Edited 8:54am
Short cable = 1.6300 limit 1.6250 (2nd today, caught first drop)


** 18788678 GBP/USD 500 S 1.63000 1.62650 35 1,750.00 -28.00 14/04/2011 12:15 18/04/2011 08:02 **


Long GBP/CAD = 1.5700 limit 1.5800

*** SORRY, I SHOULD HAVE SAID. THESE AE MY POSITIONS, I AM NOT SUGGESTING ANYONE FOLLOW MY PATH ***
Dan TheMan
  • #276,754
  • Apr 18, 2011 8:52am Apr 18, 2011 8:52am
Other pairs are starting to go down. Only GU still trying to break up
  • #276,755
  • Apr 18, 2011 8:52am Apr 18, 2011 8:52am
This is a trap!
  • #276,756
  • Apr 18, 2011 8:56am Apr 18, 2011 8:56am
i call me out for a while.
had a lot of luck today.

i won't give back to market my profits
90% of traders use TA, indicators and prediction
  • #276,757
  • Apr 18, 2011 8:58am Apr 18, 2011 8:58am
silver is retracing back now too...
  • #276,758
  • Apr 18, 2011 8:59am Apr 18, 2011 8:59am
Quoting _BBKing_
i call me out for a while.
had a lot of luck today.

i won't give back to market my profits
Enjoy your rest, bears will probably kick cable's ass harder than before. Hope that you don't sit on the wrong position during that time.
  • #276,759
  • Apr 18, 2011 9:01am Apr 18, 2011 9:01am
have fun guys...

catch you next time!
  • #276,760
  • Apr 18, 2011 9:07am Apr 18, 2011 9:07am
wonderfull traps :-ss
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