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Cable Update (GBPUSD)

  • #278,301
  • May 4, 2011 9:52am May 4, 2011 9:52am
Quoting darimik
nah. maybe 6513 or 6506. will pass most likely
6506....
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  • #278,302
  • May 4, 2011 10:12am May 4, 2011 10:12am
what a day guys
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90% of traders use TA, indicators and prediction
  • #278,303
  • May 4, 2011 10:16am May 4, 2011 10:16am
Quoting _BBKing_
what a day guys

you tell me, tring to open a position but either miss the entry. or don't dare to go in
  • #278,304
  • May 4, 2011 10:20am May 4, 2011 10:20am
Quoting sphinx8
you tell me, tring to open a position but either miss the entry. or don't dare to go in
Today is BE for me .
  • #278,305
  • May 4, 2011 10:23am May 4, 2011 10:23am
Quoting 0rPhioZ
Today is BE for me .

whats BE ? break even?
  • #278,306
  • May 4, 2011 10:24am May 4, 2011 10:24am
Quoting sphinx8
whats BE ? break even?
Yes. I pay back all my profits to my losses...
  • #278,307
  • May 4, 2011 10:28am May 4, 2011 10:28am

hi guys

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  • #278,308
  • May 4, 2011 10:34am May 4, 2011 10:34am
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)

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...
i just wanted your opinion due to reading your post, i took a short on EU at 14,177 with a 200 pip stop loss and 600 pip profit target. i saw the GU fall on the daily chart and thought EU would follow suit however its very close to my stop and the trends look towards the upside. do you think the EU has reached its top?

please advice
  • #278,309
  • May 4, 2011 10:46am May 4, 2011 10:46am
support
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  • #278,310
  • May 4, 2011 10:50am May 4, 2011 10:50am
Quoting sourena

hi guys

I guess we'll see 6600 soon?
  • #278,311
  • May 4, 2011 10:57am May 4, 2011 10:57am
gu....oooohhh gu...
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  • #278,312
  • May 4, 2011 11:08am May 4, 2011 11:08am
Quoting 0rPhioZ
I guess we'll see 6600 soon?
but I think it will come down... it will see 6400
  • #278,313
  • May 4, 2011 11:54am May 4, 2011 11:54am
Keep guessing.......

Quoting 0rPhioZ
I guess we'll see 6600 soon?
  • #278,314
  • May 4, 2011 12:00pm May 4, 2011 12:00pm
Quoting fendi
Keep guessing.......
LOL, you're correct. It's a no go again for now. My EU trade give me profits while this pair suck profits out of me. This is the 3rd consecutive day that I loss all my positions with this pair .
  • #278,315
  • May 4, 2011 12:04pm May 4, 2011 12:04pm
There is still about thirty - fouty pips left for today, tomorrow we climb, possibly, friday we drop another 150pips

Quoting 0rPhioZ
LOL, you're correct. It's a no go again for now. My EU trade give me profits while this pair suck profits out of me. This is the 3rd consecutive day that I loss all my positions with this pair .
  • #278,316
  • May 4, 2011 12:16pm May 4, 2011 12:16pm
Quoting fendi
There is still about thirty - fouty pips left for today, tomorrow we climb, possibly, friday we drop another 150pips
I am just too tired too even continue. I will rest to organize my thoughts. I see that the news were bugging the up movement today.
  • #278,317
  • May 4, 2011 12:17pm May 4, 2011 12:17pm
LOL
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  • #278,318
  • May 4, 2011 1:10pm May 4, 2011 1:10pm
Quoting Behrooz_MB
support
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nice chart

glad see you here
  • #278,319
  • May 4, 2011 1:11pm May 4, 2011 1:11pm
Quoting Yad-48
but I think it will come down... it will see 6400
how are you mate??..glad see you here
  • #278,320
  • May 4, 2011 1:16pm May 4, 2011 1:16pm
Instead of burning our brains out and making losing trades, let's concentrate on the fact it's NFP week, not usually a great week to trade unless we have some insight. On Friday comes a great opportunity and, if we put in some paper chart time, by learning from previous outcomes of NFP, we should be able to trade the rest of the month with more confidence. Just a suggestion. This is why I don't concentrate solely on cable.
Gone to a better place
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