Cable Update (GBPUSD) | Page 14221 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #284,401
  • Jul 15, 2011 4:16am Jul 15, 2011 4:16am
out a bit with +3

i let it go with enlarged SL
90% of traders use TA, indicators and prediction
  • #284,402
  • Jul 15, 2011 4:19am Jul 15, 2011 4:19am
Quoting stfu
You think we can reach 1.6000 by end today? i been holding short position from 1.61544.
if were u im going to take this profit n go now... coz 'the shark' r really hungry on friday.... but that is your choice... but for me , there will be a plenty of opportunity later...
  • #284,403
  • Jul 15, 2011 4:20am Jul 15, 2011 4:20am
Quoting stfu
You think we can reach 1.6000 by end today? i been holding short position from 1.61544.

6054 is my first option, then i watch the momentum if high on Bears I will adjust my SL and look next to 5943. but of now my SL already adjusted. no one can really tell what markets makers are upto.
Keep the Lights on then you can catch the rise from the dark.
  • #284,404
  • Jul 15, 2011 4:20am Jul 15, 2011 4:20am
OMG I bought at 1.61522 and now it is 1.60993, -52 pips..
What should I do now? cut loss? hold? please advice
  • #284,405
  • Jul 15, 2011 4:22am Jul 15, 2011 4:22am
Quoting MaryJane
well i chickened out too early (entered 6157 closed 6113) but i went long eu at that moment and i'm psychologically handicapped - unable to be long here and short there..

......
you went short in a good level.
then you closed in a good support!
would you like to do something more perfect than this????
90% of traders use TA, indicators and prediction
  • #284,406
  • Jul 15, 2011 4:25am Jul 15, 2011 4:25am
Quoting ricmaj
Hey Mary after your post yesterday I said i will go short on GU becuz the uptrend line shows no price action above it and that I did, am swimming on +60 pips now. sl adjusted already. On EU close must be above 4142 otherwise its doom to Short for now. just my opinion. I trade charts anyway safe trades
Great, congrats I haven't said "long", i just pointed to that wedge on daily that's basically bull's game and i still think bulls will try hard to break up and contain the PA along the upper TL for at least few days to do so.

re eu (sry for offtopic): playing the channel, eur-bulls are not bulls, they're ugly piranhas with mosquitos interbreeded. if there's no horror news from eurozone for few hours, they take every chance to bid their darling up, hence targeting the DP at least, entered 4105.

Calling it a day and a week, this one was not easy. thanks to everybody who contributed, i'm learning a lot here. Have GREAT trades and a nice weekend bye.
MarginTrader All Time Return: na
  • #284,407
  • Jul 15, 2011 4:27am Jul 15, 2011 4:27am
Quoting _BBKing_
you went short in a good level.
then you closed in a good support!
would you like to do something more perfect than this????
Thanks, but could be better! Push all the pips out of the cable, best of luck!
MarginTrader All Time Return: na
  • #284,408
  • Jul 15, 2011 4:27am Jul 15, 2011 4:27am
Quoting gristar
OMG I bought at 1.61522 and now it is 1.60993, -52 pips..
What should I do now? cut loss? hold? please advice
uhm 6150 is not so good to go long.
anyway im long 6101.
im targetin few pips below 6150
so.... i think from here price will recover at least near 6120-30

anyway below actual daily lowest you better close it coz if breake the support we see easy 6060 or lower....
90% of traders use TA, indicators and prediction
  • #284,409
  • Jul 15, 2011 4:28am Jul 15, 2011 4:28am
Quoting gristar
OMG I bought at 1.61522 and now it is 1.60993, -52 pips..
What should I do now? cut loss? hold? please advice
I'd hold on to it till hour close, then decide if holding further or dumping.

If H1 closes above 6134 you could be lucky and get away with at least a small loss, otherwise I'm afraid you might be sitting on a time bomb.
Don't get mad, get even!
  • #284,410
  • Jul 15, 2011 4:34am Jul 15, 2011 4:34am
Quoting stulic
I'd hold on to it till hour close, then decide if holding further or dumping.
I concur. I think as BBKing says if price goes above 1.6120 and closes above 1.6110 on the hourly, you can set a SL below today's low. Else, you might want to close on the hour close. Just my opinion.
  • #284,411
  • Jul 15, 2011 4:35am Jul 15, 2011 4:35am
Quoting stulic
I'd hold on to it till hour close, then decide if holding further or dumping.

If H1 closes above 6134 you could be lucky and get away with at least a small loss, otherwise I'm afraid you might be sitting on a time bomb.
hello
yes 6120-30 should be turning point
let s see
90% of traders use TA, indicators and prediction
  • #284,412
  • Jul 15, 2011 4:36am Jul 15, 2011 4:36am
ok guys i leave...
i come back during NY
good luck n trade well
90% of traders use TA, indicators and prediction
  • #284,413
  • Jul 15, 2011 4:39am Jul 15, 2011 4:39am
We learn everyday, all trading days in a year, some with 20, 10 , 5, 1 less than I year experience but we all still gat losses. Wonder why. "In this I feel there isn't no perfection in the unseen ... NOMBE GREAT"
Keep the Lights on then you can catch the rise from the dark.
  • #284,414
  • Jul 15, 2011 4:43am Jul 15, 2011 4:43am
Quoting _BBKing_
hello
yes 6120-30 should be turning point
let s see


It's gotta be, it's also my H4 closing hour that'll confirm the bearish wedge outbreak or leave a door open for possible bull at 6155.
H1 close below 6128-6138 = bearish, close above needs to break 6155 for bulls, IMHO
Don't get mad, get even!
  • #284,415
  • Jul 15, 2011 4:46am Jul 15, 2011 4:46am
Quoting gristar
OMG I bought at 1.61522 and now it is 1.60993, -52 pips..
What should I do now? cut loss? hold? please advice

What your STOP LOSS ON THIS TREND OR ARE YOU RIDING WITHOUT SEAT BELT?. HOW MANY TIMES DOES YOUR STOP LOSS TRIGGERS. ALL THIS FACTOR YOU MUST CONSIDER AND WAIL YOU REASON OF GETTING INTO THE TREND. FOR ME 6150/60 STRONG BEAR REGION AND NONE SHOULD ANTICIPATE A BUY THERE ESPECIALLY FOR SOMEONE LIKE ME THAT TRADE FOR INSTANT PIPS(NOT LONG TERM).
Keep the Lights on then you can catch the rise from the dark.
  • #284,416
  • Jul 15, 2011 5:04am Jul 15, 2011 5:04am
Quoting ricmaj
What your STOP LOSS ON THIS TREND OR ARE YOU RIDING WITHOUT SEAT BELT?. HOW MANY TIMES DOES YOUR STOP LOSS TRIGGERS. ALL THIS FACTOR YOU MUST CONSIDER AND WAIL YOU REASON OF GETTING INTO THE TREND. FOR ME 6150/60 STRONG BEAR REGION AND NONE SHOULD ANTICIPATE A BUY THERE ESPECIALLY FOR SOMEONE LIKE ME THAT TRADE FOR INSTANT PIPS(NOT LONG TERM).
I have
TP : 1.62022
Open : 1.61217
SL : 1.60322

Is it correct if i move my stop loss to 1.6090 for now?
  • #284,417
  • Jul 15, 2011 5:09am Jul 15, 2011 5:09am
Quoting gristar
I have
TP : 1.62022
Open : 1.61217
SL : 1.60322

Is it correct if i move my stop loss to 1.6090 for now?
Don't get mad, get even!
  • #284,418
  • Jul 15, 2011 5:09am Jul 15, 2011 5:09am
Attached is my current chart
Attached Image (click to enlarge)
Click to Enlarge Name: yj.gif Size: 21 KB
  • #284,419
  • Jul 15, 2011 5:09am Jul 15, 2011 5:09am
Is that real money?
Don't get mad, get even!
  • #284,420
  • Jul 15, 2011 5:12am Jul 15, 2011 5:12am
Quoting stulic
Is that real money?
yes :-(
106 traders viewing now