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Cable Update (GBPUSD)

  • #282,121
  • Jun 22, 2011 2:57pm Jun 22, 2011 2:57pm
I like GCAD as a buy right now.

Anything below 1.57 has a fantastic chance of 100 pips or more.
At 1.5630 it's a steal....

Entered 1.56349

Limit 1.57800

Stop 1.4600

Time will tell if I called it right.
I expect 2/3 days to hit limit.
Dan TheMan
  • #282,122
  • Jun 22, 2011 3:01pm Jun 22, 2011 3:01pm
Quoting ZeroCool
still we targeting 1.6026
Sure and will probably get it.

Makes me nervous though, don't like it when news is pending that might "encourage" market change, especially at a level it might not return to for weeks. Rollover can kill profit and I hate taking a loss.

Cable has always been the worst for this.

Regardless of charts etc, I buy below 1.6100 and sell above 1.6400 - I play short and long in the middle (61 - 64) only when there is serious market sentiment for that range.
Dan TheMan
  • #282,123
  • Jun 22, 2011 3:07pm Jun 22, 2011 3:07pm
i short from yesterday @ 1.62 .... and i'm waiting to hit my target before switch position

Quoting WanderingDan
Sure and will probably get it.

Makes me nervous though, don't like it when news is pending that might "encourage" market change, especially at a level it might not return to for weeks. Rollover can kill profit and I hate taking a loss.

Cable has always been the worst for this.

Regardless of charts etc, I buy below 1.6100 and sell above 1.6400 - I play short and long in the middle (61 - 64) only when there is serious market sentiment for that range.
  • #282,124
  • Jun 22, 2011 3:10pm Jun 22, 2011 3:10pm
Quoting ZeroCool
i short from yesterday @ 1.62 .... and i'm waiting to hit my target before switch position
Good luck, I hope it does hit your target for you.

My stops are always 500 + pips from market, to allow for bounce, retrace, etc.
So even if it does go against my buy at 1.61, I am not worried.

You should have a decent profit from 1.62 until now.
Dan TheMan
  • #282,125
  • Jun 22, 2011 3:14pm Jun 22, 2011 3:14pm
yeah 500 + is a big SL but you have to take care i attached daily chart levels its important when any line will broke cable will test the next one

Quoting WanderingDan
Good luck, I hope it does hit your target for you.

My stops are always 500 + pips from market, to allow for bounce, retrace, etc.
So even if it does go against my buy at 1.61, I am not worried.

You should have a decent profit from 1.62 until now.
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  • #282,126
  • Jun 22, 2011 3:26pm Jun 22, 2011 3:26pm
Agreed.

Although I am a long term trader.
I scalp some days if I fancy getting my hands "dirty". But most of the time I place and wait.

My account is a decent size, so I do not have to worry too much about short term directional changes, only from the rollover cost point of view which can kill profit of course.

I used to concern myself with daily charts etc, but news makes a mockery of them sometimes.
Moreover, I am a bit long in the tooth to spend my days studying the charts.

All the above said, I could do with a charty to talk to, it would help me avoiding the delays in return to profit I sometimes incur.

Quoting ZeroCool
yeah 500 + is a big SL but you have to take care i attached daily chart levels its important when any line will broke cable will test the next one
Dan TheMan
  • #282,127
  • Jun 22, 2011 3:36pm Jun 22, 2011 3:36pm
really i cant stay alot beside chart i always trade in london session becuase itnear to me and my local time ... now ... i feel sleeply
Quoting WanderingDan
Agreed.

Although I am a long term trader.
I scalp some days if I fancy getting my hands "dirty". But most of the time I place and wait.

My account is a decent size, so I do not have to worry too much about short term directional changes, only from the rollover cost point of view which can kill profit of course.

I used to concern myself with daily charts etc, but news makes a mockery of them sometimes.
Moreover, I am a bit long in the tooth to spend my days studying the charts.

All the above said, I could do with a charty to talk to, it...
  • #282,128
  • Jun 22, 2011 3:52pm Jun 22, 2011 3:52pm
Well i am long @ 1.6110 with SL @ 1.5960 and TP @ 1.6200. The reason i am long is S/R on 4HR chart.
  • #282,129
  • Edited 4:00pm Jun 22, 2011 3:59pm | Edited 4:00pm
Quoting hamad9
Well i am long @ 1.6110 with SL @ 1.5960 and TP @ 1.6200. The reason i am long is S/R on 4HR chart.
Hamad Cable may retrace to 1.6138 ... but not sure cable have 1.6022 as a target so take care
  • #282,130
  • Jun 22, 2011 4:09pm Jun 22, 2011 4:09pm
Can anyone tell me that will GU again go up to 1.62 today or in coming few days??
  • #282,131
  • Jun 22, 2011 5:48pm Jun 22, 2011 5:48pm
Quoting nahiyar
Can anyone tell me that will GU again go up to 1.62 today or in coming few days??
No one could tell you the right answer for this. It may or it may not. The important thing is that you manage your trades properly.
  • #282,132
  • Jun 22, 2011 6:21pm Jun 22, 2011 6:21pm
shoot, GU going down....
  • #282,133
  • Jun 22, 2011 7:01pm Jun 22, 2011 7:01pm
Quoting hamad9
Well i am long @ 1.6110 with SL @ 1.5960 and TP @ 1.6200. The reason i am long is S/R on 4HR chart.
IMHO I know see resistance around 1.6100 on 4hr
Please ask questions and share your experiences with us all!
  • #282,134
  • Jun 22, 2011 8:09pm Jun 22, 2011 8:09pm
Quoting sphinx8
shoot, GU going down....
  • #282,135
  • Jun 22, 2011 8:21pm Jun 22, 2011 8:21pm
where are we going
  • #282,136
  • Jun 22, 2011 8:21pm Jun 22, 2011 8:21pm
Quoting ambroni
where are we going
down to 1.5800
  • #282,137
  • Jun 22, 2011 8:26pm Jun 22, 2011 8:26pm
what time frame u look
  • #282,138
  • Jun 22, 2011 8:30pm Jun 22, 2011 8:30pm
Quoting ambroni
where are we going
1.5980/90
  • #282,139
  • Jun 22, 2011 8:34pm Jun 22, 2011 8:34pm
GU

1hr , 4hr , Daily below.
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  • #282,140
  • Jun 22, 2011 8:38pm Jun 22, 2011 8:38pm
Quoting ambroni
what time frame u look
4hr and daily
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