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Cable Update (GBPUSD)

  • #283,701
  • Jul 7, 2011 5:57pm Jul 7, 2011 5:57pm
GU start to go up too
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  • #283,702
  • Jul 7, 2011 6:55pm Jul 7, 2011 6:55pm
Just screened some pairs - the most harmonic setup seems to be on cable. Monday night im gonna buy if it doesn't drop through next support. It will b a short term trade only - a couple of days - if trailing works and trend changes, this trade could take months, LOL. - Expecting some ranging and stop loss hunting first...let's c (stops r tight as always / 30 Pips below support)
  • #283,703
  • Jul 7, 2011 6:56pm Jul 7, 2011 6:56pm
Hard to call at the moment, downtrend slow but strong and a 3 hits and reverses from the 1.5950 area.


Suspect we'll turn up, take the 1.6000 and rocket, not enough to go long here though, so Stop order set just 1.6010 we'll see.


Considering the same Short for new lows aswell!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #283,704
  • Jul 7, 2011 7:37pm Jul 7, 2011 7:37pm
Quoting Torpedo
retest of 1.5911 is possible.. but i think we will have a nfp tricky friday.. test of 1.5911 and reversal to 1.6070

look at the bullish divergence on multiple timeframes in RSI... i will wait for confirmation..
Hi, i think based on technical and experience, if the NFP result "green" it will bring GBP/USD up first then falling down.....

and if the result "red", it will bring GBP/USD down first and little bit up...since people still in negative sentiment for GBP....

correct me if I am wrong..
"sharing knowledge make us more rich"
  • #283,705
  • Jul 7, 2011 9:22pm Jul 7, 2011 9:22pm
trade 8 time and tp 20 pip every trade. total = 160 pip.. hehhehhe
time to stop now before NFP..
Rome was not built in a day, but I will do in a day if it was me.
  • #283,706
  • Jul 7, 2011 9:37pm Jul 7, 2011 9:37pm
Quoting Sar
trade 8 time and tp 20 pip every trade. total = 160 pip.. hehhehhe
time to stop now before NFP..
that's nice i am holding my long for last 12 h and its not going anywhere , soon going to close
Mohan
  • #283,707
  • Jul 7, 2011 9:45pm Jul 7, 2011 9:45pm
short on gu 159111 target
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  • #283,708
  • Jul 7, 2011 10:18pm Jul 7, 2011 10:18pm
Still not see good entry for buy :|
  • #283,709
  • Jul 7, 2011 10:38pm Jul 7, 2011 10:38pm
cable a while ago broke the 5944 low which gave the triple bounce back. will it be a bounce back again or will continue to the retest of 5917 low.......?? having a short to target 5939.
  • #283,710
  • Jul 7, 2011 11:05pm Jul 7, 2011 11:05pm
Still look for good entry to buy but for now, will short with @1.5940 target, lets c
  • #283,711
  • Jul 7, 2011 11:20pm Jul 7, 2011 11:20pm
Quoting mohan76
that's nice i am holding my long for last 12 h and its not going anywhere , soon going to close
Hang in there - I am waiting as well!
  • #283,712
  • Jul 7, 2011 11:25pm Jul 7, 2011 11:25pm
Quoting solofx1
Hang in there - I am waiting as well!
Buy or sell?

the RSI is supported by a rising trend line so I keep buy position and in loss now
  • #283,713
  • Jul 7, 2011 11:30pm Jul 7, 2011 11:30pm
Quoting solofx1
Hang in there - I am waiting as well!
hi bro which level u r looking for to short? below 5940 or 5910???
  • #283,714
  • Jul 8, 2011 12:23am Jul 8, 2011 12:23am
I got my sell stops at 5923-5919, sl 5950 tp 5840 even tho I expect even more downside to 5820 or even 5770.
We'll know more after PPI and NFP.
Don't get mad, get even!
  • #283,715
  • Jul 8, 2011 1:21am Jul 8, 2011 1:21am
Morning.

I'm already in for an hour long at 1.5945.

Need few good trades and I'm ready for a weekend.
  • #283,716
  • Jul 8, 2011 1:26am Jul 8, 2011 1:26am
Quoting josef
Morning.

I'm already in for an hour long at 1.5945.

Need few good trades and I'm ready for a weekend.
Again we are in the same boat - long 1.5953
  • #283,717
  • Jul 8, 2011 1:44am Jul 8, 2011 1:44am
I guess GBP will appreciate after NFP.

ps-its just my opinion and i am not trading NFP
Trade responsiblypatience is the key/Swing trader
  • #283,718
  • Jul 8, 2011 1:56am Jul 8, 2011 1:56am
Quoting solofx1
Again we are in the same boat - long 1.5953
It's only 3 options:

Long
Short
Waiting

  • #283,719
  • Jul 8, 2011 1:58am Jul 8, 2011 1:58am
Quoting josef
It's only 3 options:

Long
Short
Waiting

. . . and we had our share of waiting last night!
  • #283,720
  • Jul 8, 2011 1:59am Jul 8, 2011 1:59am
Already short at 1.5965.

tp at 1.5950 and pending buy stop at 1.5985 if go up..
Rome was not built in a day, but I will do in a day if it was me.
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