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Cable Update (GBPUSD)

  • #283,821
  • Jul 8, 2011 10:33am Jul 8, 2011 10:33am
Quoting stulic
Just an example of a perfect counter-trade or top-picking.
Locked in +50, 60+ counting and trailing.
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  • #283,822
  • Jul 8, 2011 10:34am Jul 8, 2011 10:34am
Quoting _BBKing_
this what i mean by a good breakout for an 'home run' of 100pips!
Hey King been there, sold @1.4337 (touch of supply + 50fib), still holding a half pos in this eu trade. Been unlucky with cable today - my short b/e stop popped indeed, no gain here but no loss. Bought usdjpy (4h channel) here down as well, might be a loser. Nice charts I'm off.. Good luck to all.
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  • #283,823
  • Jul 8, 2011 10:38am Jul 8, 2011 10:38am
a nice 10 pips
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  • #283,824
  • Jul 8, 2011 10:39am Jul 8, 2011 10:39am
Quoting MaryJane
Hey King been there, sold @1.4337 (touch of supply + 50fib), still holding a half pos in this eu trade. Been unlucky with cable today - my short b/e stop popped indeed, no gain here but no loss. Bought usdjpy (4h channel) here down as well, might be a loser. Nice charts I'm off.. Good luck to all.
Oh no one of those nfp days when everything goes wrong...
Don't get mad, get even!
  • #283,825
  • Jul 8, 2011 10:43am Jul 8, 2011 10:43am
Quoting MaryJane
Hey King been there, sold @1.4337 (touch of supply + 50fib), still holding a half pos in this eu trade. Been unlucky with cable today - my short b/e stop popped indeed, no gain here but no loss. Bought usdjpy (4h channel) here down as well, might be a loser. Nice charts I'm off.. Good luck to all.
i copied your colours
have a good weekend
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  • #283,826
  • Jul 8, 2011 11:05am Jul 8, 2011 11:05am
re bought + buy stop
lets see
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  • #283,827
  • Jul 8, 2011 11:22am Jul 8, 2011 11:22am
market slow down.....
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  • #283,828
  • Jul 8, 2011 11:38am Jul 8, 2011 11:38am
nothing more left to do imo
i call it 'a week'
i leave n go for weekend
good luck you all
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  • #283,829
  • Jul 8, 2011 12:03pm Jul 8, 2011 12:03pm
Yeah, the market is slower. But why don't the price gets down.... hmmhh I ve got 3 position sell .... which still minus at this point now
  • #283,830
  • Jul 8, 2011 12:40pm Jul 8, 2011 12:40pm
Quoting Evelyn Susan
Yeah, the market is slower. But why don't the price gets down.... hmmhh I ve got 3 position sell .... which still minus at this point now
I wouldn't expect much more for this week. Maybe if you carry it over the weekend things might change in your favour on monday.
GL everyone and a nice weekend.
Don't get mad, get even!
  • #283,831
  • Jul 8, 2011 12:50pm Jul 8, 2011 12:50pm
Quoting Evelyn Susan
Yeah, the market is slower. But why don't the price gets down.... hmmhh I ve got 3 position sell .... which still minus at this point now
Price doesn't have to get down at all. No demand for USD after terrible NFP numbers so why should it go down. Maybe it will, maybe not but if you don't want to gamble just close the trades and take the loss (could get even worse over weekend!)

Cable's not a creepy pair like the just-every-gossip-driven-manic-depressive eurusd pair so don't judge eu went down the whole move, cable has too.

Good luck with your trades!
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  • #283,832
  • Jul 8, 2011 1:03pm Jul 8, 2011 1:03pm
Yup. That's so right. The Eur got back to its normal position before the nfp.
But not the GBP.
  • #283,833
  • Jul 8, 2011 1:46pm Jul 8, 2011 1:46pm
Quoting Evelyn Susan
Yup. That's so right. The Eur got back to its normal position before the nfp.
But not the GBP.
Evelyn, the EUR is in very unstable state due to debt crisis. GBP is 'only' weak because of not hiking rates in near sight but relatively stable. Every pair has its own nature and habits.

If you have really small lots open (low leverage), you can 'hope' it turns back next week since cable is pretty bearish but nfp is known for its ability to turn short- and even midterm trends so we can perfectly take a 200 pip ride up like nothing.

We are retracing and bouncing between fibs right now. Strong supply area (resistance) 80-110 pips above us. It's up to you.
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  • #283,834
  • Jul 8, 2011 2:45pm Jul 8, 2011 2:45pm
Quoting mofu.dnewbie
what do u guys think about the bear that stood in the path of the moving train? Your guess is as good as mine
wow!!!!!!!! Did we just run over a bear????????? Guess that is what happens to the bear that stands in front of a moving train
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  • #283,835
  • Jul 8, 2011 2:50pm Jul 8, 2011 2:50pm
Quoting mofu.Dnewbie
wow!!!!!!!! Did we just run over a bear????????? Guess that is what happens to the bear that stands in front of a moving train
SEE
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  • #283,836
  • Jul 8, 2011 2:53pm Jul 8, 2011 2:53pm
so nice scalping when price goes slow with some music n a fresh beer
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  • #283,837
  • Jul 8, 2011 2:57pm Jul 8, 2011 2:57pm
Quoting mofu.Dnewbie
SEE
entry in the bottom!
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  • #283,838
  • Jul 8, 2011 2:58pm Jul 8, 2011 2:58pm
Quoting MaryJane
Evelyn, the EUR is in very unstable state due to debt crisis. GBP is 'only' weak because of not hiking rates in near sight but relatively stable. Every pair has its own nature and habits.

If you have really small lots open (low leverage), you can 'hope' it turns back next week since cable is pretty bearish but nfp is known for its ability to turn short- and even midterm trends so we can perfectly take a 200 pip ride up like nothing.

We are retracing and bouncing between fibs right now. Strong [b]supply area (resistance) 80-110 pips above...
i agree
there is also a 'forgot' 6150-60 waitin there alone
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  • #283,839
  • Jul 8, 2011 3:19pm Jul 8, 2011 3:19pm
Quoting mofu.Dnewbie
SEE
congrats on smashing the bear. btw that margin used is crazy ..seems like a live account good luck!

Quoting _BBKing_
i agree
there is also a 'forgot' 6150-60 waitin there alone
yep, i have two SZ in my book:
1st: 6105-6148
2nd: 6205-6250, it could get even there, np for bears
ofcourse, with some slip above. perhaps i see the forgotten one (Jun 22). I already mentioned I will try to sell there. Will try the 10min charts, looks pretty good. Have a great weekend.

Really switching off now. Let's see what Monday brings.
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  • #283,840
  • Jul 8, 2011 4:30pm Jul 8, 2011 4:30pm
i notice some things:
most important price penetrated that range 6000-6140/50 and imo definetely consolidated into it

now...i really hope we will see some swings up n down at least 1 down n 1 up

surely now as we see we are in the middle of both areas.
does anybody think on a fast backtest near 5950?
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