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Cable Update (GBPUSD)

  • #289,521
  • Sep 26, 2011 7:38am Sep 26, 2011 7:38am
Quoting Rad168
ok, closed @15503 +28 pips

Nice trade.
I don't trust any move - when you have profit...take it.
  • #289,522
  • Sep 26, 2011 7:41am Sep 26, 2011 7:41am
Quoting Faller
.....Comments to my posts are welcome and if anyone feels that my posts warrant a vouche - I would appreciate it!
..
Keep it coming my friend you'll get it..
Be patient.. as noted on your charts 'possible early..
  • #289,523
  • Sep 26, 2011 7:51am Sep 26, 2011 7:51am
Quoting Faller
Nice trade.
Thanks, it didn't goes down as far as I was expected and 15500 seemed to hold well. Oh well, I need to get paid for the day and look for this leg up (15550 or higher) to get a short position again if setup still intact by then.
  • #289,524
  • Sep 26, 2011 7:54am Sep 26, 2011 7:54am
Quoting Rad168
Thanks, it didn't goes down as far as I was expected and 15500 seemed to hold well. Oh well, I need to get paid for the day and look for this leg up (15550 or higher) to get a short position again if setup still intact by then.

I don't know....my charts still point up that is why I stayed out of the short......and as for my crude trade it is now popping nicely up another 50 cents - although I closed early - But my experience says.....a little profit is better then a kick in the ballzzz.

The market is still very jittery so long term trades are not in the cards for me....will keep watching for setups and posting my charts.

Faller.
I don't trust any move - when you have profit...take it.
  • #289,525
  • Sep 26, 2011 8:06am Sep 26, 2011 8:06am
Quoting Faller
I don't know....my charts still point up that is why I stayed out of the short......and as for my crude trade it is now popping nicely up another 50 cents - although I closed early - But my experience says.....a little profit is better then a kick in the ballzzz.

The market is still very jittery so long term trades are not in the cards for me....will keep watching for setups and posting my charts.

Faller.
Ok thanks, I was going for a countertrend trade there (very dangerious) and lucky I got out. Won't do it again...
  • #289,526
  • Sep 26, 2011 8:09am Sep 26, 2011 8:09am
don't short until it reach 1.57
  • #289,527
  • Sep 26, 2011 8:15am Sep 26, 2011 8:15am
Got short at 15550. ...guys.. i am bit nervous.. need your comment
  • #289,528
  • Sep 26, 2011 8:45am Sep 26, 2011 8:45am
Chance for short if cable breaks back into the channel, and would probably expect cable to consolidate this time of day, but so far today no real interest in any cable selling- I took a short scalp but will bailif cable makes a new high- target 1.5520 area
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  • #289,529
  • Sep 26, 2011 9:34am Sep 26, 2011 9:34am
Calling it a day here.....have to run to the post office etc.....will be back later to see how things ended up today. There is not much more news coming out so unless Obama or someone opens their mouth things should probably just consolidate sideways......

Faller
I don't trust any move - when you have profit...take it.
  • #289,530
  • Edited 9:48am Sep 26, 2011 9:44am | Edited 9:48am
Hi Everyone. This is my first post.

I'm long GBP/USD at 1.5538. I'm looking for a bounce off the estimated trendline, with a take profit at 1.5568 and a stop loss of 1.5518.

What do you think our chances are of seeing 1.5568 again today?

thanks.

EDIT: never mind, stopped out. sigh...
  • #289,531
  • Sep 26, 2011 9:52am Sep 26, 2011 9:52am
Closed my short at 1.5520 - can see a bit of sideways action so no point for me hanging on if I can get a better entry.
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  • #289,532
  • Sep 26, 2011 11:18am Sep 26, 2011 11:18am
I hope all are well and had a relaxing weekend. Here are my current GU trades. I already scaled out of the trade from this morning and I just opened a scalp trade to see if we can visit the highs from today again.

We have just come from weekly demand, but remember this is against the recent downward trend and I am looking only at 1.57ish.

We also have a h1 trendline to contend with. I will play it as I see it.

Attached Image (click to enlarge)
Click to Enlarge Name: 110926_GU.png Size: 81 KB


P.S. The scalp is not looking good at the moment. Not paying attention to price and focusing on this post

Anyway, I am not posting very often these days, but I wish you all success with your trading!
  • #289,533
  • Sep 26, 2011 11:42am Sep 26, 2011 11:42am
Quoting bbakker
I hope all are well and had a relaxing weekend. Here are my current GU trades. I already scaled out of the trade from this morning and I just opened a scalp trade to see if we can visit the highs from today again.

We have just come from weekly demand, but remember this is against the recent downward trend and I am looking only at 1.57ish.

We also have a h1 trendline to contend with. I will play it as I see it.

Attachment

P.S. The scalp is not looking good at the moment. Not paying attention to price and focusing on this post...
  • #289,534
  • Sep 26, 2011 11:51am Sep 26, 2011 11:51am
Quoting nAVIN2007
Cheers Nav!

EU scalp is working better at the moment -

Attached Image (click to enlarge)
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I added to my GU long!
  • #289,535
  • Sep 26, 2011 12:00pm Sep 26, 2011 12:00pm
EU target hit!
GU I have closed my scalp! Here is a screenshot just before I closed both of these trades for just over 10 pips profit, whereas EU gave me triple as many pips!

Attached Image (click to enlarge)
Click to Enlarge Name: 110926_GU_m1.png Size: 33 KB


Dinner is served. No more trades for me tonight. I will mark up my higher timeframe charts ready for tomorrow morning and do some more reading and research.

Wish you all success!

EDIT: Just as I close it... off it goes... lol! No worries... tomorrow is another day to make more pips!
  • #289,536
  • Sep 26, 2011 12:02pm Sep 26, 2011 12:02pm
Quoting bbakker
EU target hit!
GU I have closed my scalp! Here is a screenshot just before I closed both of these trades for just over 10 pips profit, whereas EU gave me triple as many pips!

Attachment

Dinner is served. No more trades for me tonight. I will mark up my higher timeframe charts ready for tomorrow morning and do some more reading and research.

Wish you all success!
well done bro!
90% of traders use TA, indicators and prediction
  • #289,537
  • Sep 26, 2011 12:12pm Sep 26, 2011 12:12pm
just come in to see what price did at day end...
a relaxed day in GU, nice!

see you all tomorrow
90% of traders use TA, indicators and prediction
  • #289,538
  • Sep 26, 2011 12:28pm Sep 26, 2011 12:28pm
Quoting _BBKing_
well done bro!
Cheers BB - wrong friggin smiley - lol - - that's what I meant!

11 winners so far, 0 losers and I still have a couple out there cooking and locked profit in. Another great start to my week.

I am spending less and less time on FF now. I have done my bit, learned from others (you know who you are!) and shared my knowledge on the PIE, RTP and PIECR threads. Time to focus my energies on my trading rather than posting.

Catch you soon bro! Keep up the great work in the GU thread
  • #289,539
  • Sep 26, 2011 12:36pm Sep 26, 2011 12:36pm
Quoting bbakker
Cheers BB

11 winners so far, 0 losers and I still have a couple out there cooking and locked profit in. Another great start to my week.

I am spending less and less time on FF now. I have done my bit, learned from others (you know who you are!) and shared my knowledge on the PIE, RTP and PIECR threads. Time to focus my energies on my...
Thats a great sign for progression, excellent trading brian
  • #289,540
  • Sep 26, 2011 12:40pm Sep 26, 2011 12:40pm
I am wating for GU test 1.5750 then i will sell it with 100 pips stop and look at profit to 1.5100 area.
I already put a sell stop order at 1.5310 with stop at 1.5360 and target 1.5100, too.
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