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Cable Update (GBPUSD)

  • #278,161
  • May 3, 2011 10:10am May 3, 2011 10:10am
Quoting redbeben
hmmm.....you either are stressed today due to the news or you overtraded.you are not patient anymore

your trades were ok just nedeed a longer time
yes lot of stress here not only by forex but from all things around me.....
i could have get 60 pips on gu n 60 on gj....
i would like to buy some patience...
now i will have a nice n good rest. tomorrow other day!

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  • #278,162
  • May 3, 2011 10:19am May 3, 2011 10:19am
Quoting redbeben
sells in place now
let's see if that line will hold the up move and drop it from now on
I have a rule: When i start feel uncomfortable about my position close it.
Small sell profit but better keep on my rule.
1.6630 very possible to test again.
  • #278,163
  • May 3, 2011 11:44am May 3, 2011 11:44am
Quoting egkid
I have a rule: When i start feel uncomfortable about my position close it.
Small sell profit but better keep on my rule.
1.6630 very possible to test again.
mee too I close I scale I move SL's I close halfs(a way of saying as I can only close full position)

on GJ I wanted to see if the 134 line would really hold.so far It was ok and as predicted the drop pullback went up to 133.90-134 line and now down again.I already have plenty of pips now on this sell.
I wait for first TP as 132.90 line by asia....it depends on PA


p.s. EU still not finished upmove to 1.50-51
there are 2-3 weeks missing from this move.but if we already touched the top the drop will be of 800 pips min and this would mean 1.41 first then another 400 and another 400
  • #278,164
  • May 3, 2011 11:52am May 3, 2011 11:52am
any ideas what Asia session will do tonight?
more down or up? wondering how to set myself for the night, in terms of entries, stops, limits.............
  • #278,165
  • May 3, 2011 11:52am May 3, 2011 11:52am
Quoting bonus76
not a bad call
still floating...
  • #278,166
  • May 3, 2011 11:53am May 3, 2011 11:53am
This Cable Critical View for Intraday ....seems reporting 6431 will happen
Attached Image (click to enlarge)
Click to Enlarge Name: intraday.gif Size: 34 KB
  • #278,167
  • May 3, 2011 11:56am May 3, 2011 11:56am
Quoting bluefalcon
excuse me can anyone tell me what are the meaning of
BEP ?
TGT ?
db ?
dt ?
hi
did not notice your question! sorry i was very tired!!!
BEP = Break Even Point (the price you get the position)
TGT = Target (where you think to take profits)
db+dt= gosh... i don't know!
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  • #278,168
  • May 3, 2011 11:59am May 3, 2011 11:59am
Quoting _BBKing_
BEP = Break Even Point (the price you get the position)
TGT = Target (where you think to take profits)
db+dt= gosh... i don't know!
db - could equal Double Bottom
dt - could equal Down Trend

Best I can offer at first look.
  • #278,169
  • May 3, 2011 12:02pm May 3, 2011 12:02pm
i come in after a good rest and all appears more clear
at least i was worried on my positions for something!!

i did not get profits but now would be in very bad angle..........
my bad, was not here ready to get shorts!

what a day!
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  • #278,170
  • May 3, 2011 12:06pm May 3, 2011 12:06pm
Quoting kenfen69
db - could equal Double Bottom
dt - could equal Down Trend

Best I can offer at first look.
possible!
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  • #278,171
  • May 3, 2011 12:10pm May 3, 2011 12:10pm
Quoting deryworlds
This Cable Critical View for Intraday ....seems reporting 6431 will happen
i was 0,00002 seconds to open short @6462 below previous new daily low.
from here i see millions reasons to get 6430-25
now i check better charts n try to find why the reason to stop in 6462
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  • #278,172
  • May 3, 2011 12:14pm May 3, 2011 12:14pm
Good morning everybody

After GU move around 1.6550 and again fell in my estimation for Wednesday GU is still moving down the target around 1.6455, 1.6388 to 95, 1.6302 on Thursday and maybe if things had not changed GU will pursue the last at around 1.6222 before finally if maybe she would back up.


Best Regards

San
  • #278,173
  • May 3, 2011 12:16pm May 3, 2011 12:16pm
hi guys, just had a look at oanda, and their retail positioning on cable is 47% long, considering last week it was 33-37%...so a reversal could be close, but with the crap PMI today, and the GDP figure being flat, and CPI starting to drop, do you really think they will increase interest rate on thursday, cos if they do then it could hit 1.7 and wipe out all the shorties, and then the correction begins, or on the other hand if they dont raise, it could drop down to 1.60 or lower before they increase the rate in june...all this is idle speculation...so any thoughts would be appreciated
  • #278,174
  • May 3, 2011 12:29pm May 3, 2011 12:29pm
Quoting redbeben
mee too I close I scale I move SL's I close halfs(a way of saying as I can only close full position)

p.s. EU still not finished upmove to 1.50-51
there are 2-3 weeks missing from this move.but if we already touched the top the drop will be of 800 pips min and this would mean 1.41 first then another 400 and another 400
Time will tell I still Play depends on my Plan when my SL or TP hit will tell you,Till then Our nice Bet still On
  • #278,175
  • May 3, 2011 12:31pm May 3, 2011 12:31pm
Quoting _BBKing_
i was 0,00002 seconds to open short @6462 below previous new daily low.
from here i see millions reasons to get 6430-25
now i check better charts n try to find why the reason to stop in 6462
I will wait and see if 6431 broken !!! if not I'd like to lock and loaded more Buying again... ! on asia it will bring down maybe stressed to 6409...
  • #278,176
  • May 3, 2011 12:32pm May 3, 2011 12:32pm
Quoting redbeben
sells in place now
let's see if that line will hold the up move and drop it from now on
finally you were another time right!
90% of traders use TA, indicators and prediction
  • #278,177
  • May 3, 2011 12:34pm May 3, 2011 12:34pm
Quoting _BBKing_
hi
did not notice your question! sorry i was very tired!!!
BEP = Break Even Point (the price you get the position)
TGT = Target (where you think to take profits)
db+dt= gosh... i don't know!
thank you very much bro for your help
  • #278,178
  • May 3, 2011 12:36pm May 3, 2011 12:36pm
Quoting kenfen69
db - could equal Double Bottom
dt - could equal Down Trend

Best I can offer at first look.
thank you very much bro
  • #278,179
  • May 3, 2011 12:41pm May 3, 2011 12:41pm
Quoting monkey@forex
hi guys, just had a look at oanda, and their retail positioning on cable is 47% long, considering last week it was 33-37%...so a reversal could be close, but with the crap PMI today, and the GDP figure being flat, and CPI starting to drop, do you really think they will increase interest rate on thursday, cos if they do then it could hit 1.7 and wipe out all the shorties, and then the correction begins, or on the other hand if they dont raise, it could drop down to 1.60 or lower before they increase the rate in june...all this is idle speculation...so...
uhm...
i dont think they will rise rates coz last boe meeting was in favour to let them unchanged. First sign will be a positive GDP (now0%).
all for next quarter for me.
there was here bbaker which said rates hike in august not before, based on all these and other things. maybe he was right
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  • #278,180
  • May 3, 2011 12:44pm May 3, 2011 12:44pm
Quoting deryworlds
I will wait and see if 6431 broken !!! if not I'd like to lock and loaded more Buying again... ! on asia it will bring down maybe stressed to 6409...
uhm
bro... sincerely i think this thing is reversin till 63 area.
was a lot of time i was not such worried on a long position on GBP!

charts are sayin something that my eyes see, but not my brain.
still searching a reason on that 6462.
lot of reasons on 6425 n 6380...
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