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Cable Update (GBPUSD)

  • #277,761
  • Apr 28, 2011 1:58am Apr 28, 2011 1:58am
im currently in to sell :-( went in at 1.6525 . any advice?
  • #277,762
  • Apr 28, 2011 2:04am Apr 28, 2011 2:04am
Quoting wiz001
im currently in to sell :-( went in at 1.6525 . any advice?

ahhh that's nothing how about my shorts at 1.63 and 1.61
hmmm wonder at what point I can forget about these making money
  • #277,763
  • Edited 2:15am Apr 28, 2011 2:10am | Edited 2:15am
Quoting sphinx8
ahhh that's nothing how about my shorts at 1.63 and 1.61
hmmm wonder at what point I can forget about these making money
1.63 n 1.61? you see -600 n -400 pips?
i go crazy when i see -30

gosh


about 6525 i think another touch shuld come but the matter is when.
why you give so large stops? i hope them are small position...

i mean 10% account, max 20% account by saying "small"
90% of traders use TA, indicators and prediction
  • #277,764
  • Apr 28, 2011 2:21am Apr 28, 2011 2:21am
Quoting wiz001
does anyone think its going to come back down to 1.65?
I think It might go back to 1.6670.... Oh just check my MT4 it's almost there.
  • #277,765
  • Apr 28, 2011 2:23am Apr 28, 2011 2:23am
Quoting _BBKing_
1.63 n 1.61? you see -600 n -400 pips?
i go crazy when i see -30

gosh


about 6525 i think another touch shuld come but the matter is when.
why you give so large stops? i hope them are small position...

i mean 10% account, max 20% account by saying "small"
I am a newbie and also I do this in longrun so I was thinking what goes up must go down..... especially if it goes up so crazy agrresive in such short time
  • #277,766
  • Apr 28, 2011 2:26am Apr 28, 2011 2:26am
Quoting Wulfgar
Breakout channel is 6529-6722

So if you have a countertrend strategynow is the time.... Ill be looking to add more long if we pull back to the 6529

turning out to be a pretty good entry since this was the price at time of the post
  • #277,767
  • Apr 28, 2011 2:35am Apr 28, 2011 2:35am
i think... GBPUSD will go down like a BOM today.. why uncle ben doesn't increase the rate?? because he knew that USD will stronger because of GDP news today..
  • #277,768
  • Apr 28, 2011 2:35am Apr 28, 2011 2:35am
Quoting sphinx8
I am a newbie and also I do this in longrun so I was thinking what goes up must go down..... especially if it goes up so crazy agrresive in such short time
around 1year ago i have been hit by a 500 pips stop loss.
after that, my max stop is 50-60 pips (then also 80 depends on market condition) where ever it goes.

i hope 4you, you will be able to close it 0% or in profit soon!
90% of traders use TA, indicators and prediction
  • #277,769
  • Edited 2:44am Apr 28, 2011 2:37am | Edited 2:44am
Quoting Skywalk3rz
i think... GBPUSD will go down like a BOM today.. why uncle ben doesn't increase the rate?? because he knew that USD will stronger because of GDP news today..

possible idea!
at least better be careful on thinkin we go more up today!

anyway most important reason of usdollar crashdown is not the unchanged rates. it is because fed is not stopping the QE2 plan due to bad economy. the unchaged rate was 'obvious'.
so maybe today advance GDP can be negative or not, the matter is how market will react!
90% of traders use TA, indicators and prediction
  • #277,770
  • Apr 28, 2011 2:43am Apr 28, 2011 2:43am
bought cable 6690...for scalp 20 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gu311.png Size: 36 KB
Gold Expedition Return This Year: -16.4%
  • #277,771
  • Apr 28, 2011 2:45am Apr 28, 2011 2:45am
Quoting _BBKing_
possible idea!
at least better be careful on thinkin we go more up today!
Yes I was thinking that, too. Good morning, by the way. I make it a rule to be careful trading if more than half the daily ATR has been used up in the Asian session. So we are being careful. Not to trade counter trend unless we have clear targets. Take profit on some longs, maybe. (that's why the price is retracing, because some people are doing that, not, as you may think, people deciding to short this puppy). In my case, not at all, because I am looking for the weekly charts to build positions.
Gone to a better place
  • #277,772
  • Apr 28, 2011 2:49am Apr 28, 2011 2:49am
Quoting _BBKing_
around 1year ago i have been hit by a 500 pips stop loss.
after that, my max stop is 50-60 pips (then also 80 depends on market condition) where ever it goes.

i hope 4you, you will be able to close it 0% or in profit soon!

dont't "sugar" talk me I don't mind be in heavy minus for a while if I would only know it goes to profit later......... and the idea was it goes back to 1.60xxx levels before another strong pull up ....... I all is to plan so far.... 1.67 was coming for sure.... just got scared by the strengt of it and some ideas of 2.00 levels..... but I hope 2.00 would require serious reversal first....
  • #277,773
  • Apr 28, 2011 2:51am Apr 28, 2011 2:51am
Quoting _BBKing_
possible idea!
at least better be careful on thinkin we go more up today!

anyway most important reason of usdollar crashdown is not the unchanged rates. it is because fed is not stopping the QE2 plan due to bad economy. the unchaged rate was 'obvious'.
so maybe today advance GDP can be negative or not, the matter is how market will react!
about the British Royal Wedding , is there any effect on that ? cause from what I read The tourist is flourish in UK to watch the street festives. my understanding is will GU be strengthen because of the tourist there?
which will be tomorrow , hmmm...
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  • #277,774
  • Apr 28, 2011 2:54am Apr 28, 2011 2:54am
Quoting budak baru
bought cable 6690...for scalp 20 pips.
stopped...
Gold Expedition Return This Year: -16.4%
  • #277,775
  • Apr 28, 2011 2:55am Apr 28, 2011 2:55am
Bullish engulfing candles on the weekly (I missed one out) :

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd110428w1.gif Size: 25 KB
Gone to a better place
  • #277,776
  • Apr 28, 2011 2:57am Apr 28, 2011 2:57am
Quoting Mrleeforex
about the British Royal Wedding , is there any effect on that ? cause from what I read The tourist is flourish in UK to watch the street festives. my understanding is will GU be strengthen because of the tourist there?
which will be tomorrow , hmmm...
I personaly dont think it will affect much. It is just a stunt like eg. sports event..... you have tourist spending, not much I think, but many regular businesses cant fully operate on the other hand due to traffic restrictions etc etc
  • #277,777
  • Apr 28, 2011 3:16am Apr 28, 2011 3:16am
redbeben.... you are so quiet it makes me nervous .....
what it your idea about today?
  • #277,778
  • Apr 28, 2011 3:16am Apr 28, 2011 3:16am
ema 200 in 5m TF is 6655
sma 200 is 6650

macd m5 crossing now
Attached Image (click to enlarge)
Click to Enlarge Name: gusdm5.gif Size: 26 KB
90% of traders use TA, indicators and prediction
  • #277,779
  • Apr 28, 2011 3:20am Apr 28, 2011 3:20am
Let's see if this level holds:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd110428m5.gif Size: 22 KB
Gone to a better place
  • #277,780
  • Apr 28, 2011 3:49am Apr 28, 2011 3:49am
People use fibbonachi levels a lot on cable:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd110428m15.gif Size: 18 KB


Sometimes in a strong uptrend it will only retrace to 23
Gone to a better place
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