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Cable Update (GBPUSD)

  • #289,541
  • Sep 26, 2011 3:16pm Sep 26, 2011 3:16pm
Quoting nAVIN2007
Thats a great sign for progression, excellent trading brian
Cheers Nav

I hope your GU trades work out. I think they will, but it could be many months before we get there. Then again, time has never been an issue for you, working of the higher timeframes.

Take it easy bro!
  • #289,542
  • Sep 26, 2011 3:20pm Sep 26, 2011 3:20pm
Quoting bbakker
Cheers Nav

I hope your GU trades work out. I think they will, but it could be many months before we get there. Then again, time has never been an issue for you, working of the higher timeframes.

Take it easy bro!

thanks buddy
  • #289,543
  • Sep 26, 2011 3:21pm Sep 26, 2011 3:21pm
Quoting Yuchen
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.
eh...am I missing somehting? If your prediction is right, why don't you get a long now (15550) and then sell at 15750 (your sell order) to make a nice 200 pips profit.
  • #289,544
  • Sep 26, 2011 5:02pm Sep 26, 2011 5:02pm
He probably dont want to go against the trend
  • #289,545
  • Sep 26, 2011 5:47pm Sep 26, 2011 5:47pm
lets go to 1.55
  • #289,546
  • Sep 26, 2011 9:27pm Sep 26, 2011 9:27pm
Nice continuation move up......breaking through prior resistance.......I am not in any positions right now......it was family time tonight......just watching a nice steady move up.......my previous targets are still in play.....looking for 1.57.

Hope someone is catching this nice steady rise up.

Cheers,

Faller.
I don't trust any move - when you have profit...take it.
  • #289,547
  • Sep 26, 2011 9:29pm Sep 26, 2011 9:29pm
I would be a little leery of this move up though.....as it is all on very low low volume......probably will get a retrace back down to 1.5520
I don't trust any move - when you have profit...take it.
  • #289,548
  • Sep 26, 2011 9:30pm Sep 26, 2011 9:30pm
Quoting b4rhep
lets go to 1.55
tp at 1.55479 (BE)
  • #289,549
  • Sep 26, 2011 9:33pm Sep 26, 2011 9:33pm
Quoting b4rhep
tp at 1.55479 (BE)

so what exactly is your trade.....3 hours ago you wanted to see 1.55....are you long short or something else?

Let us know...we would love to see you have a great trade! Post your chart....shows us your entry.....shows us your exit point.....
I don't trust any move - when you have profit...take it.
  • #289,550
  • Sep 26, 2011 9:42pm Sep 26, 2011 9:42pm
Quoting Faller
so what exactly is your trade.....3 hours ago you wanted to see 1.55....are you long short or something else?

Let us know...we would love to see you have a great trade! Post your chart....shows us your entry.....shows us your exit point.....
I'm short but the figure changed, I just want to get out of this trade. Even if the price drops a lot, no longer interests me, I will run another pair.

ps: i used google translate
  • #289,551
  • Sep 26, 2011 9:48pm Sep 26, 2011 9:48pm
Quoting b4rhep
I'm short but the figure changed, I just want to get out of this trade. Even if the price drops a lot, no longer interests me, I will run another pair.

ps: i used google translate

Hope the weather is warm for you!
I don't trust any move - when you have profit...take it.
  • #289,552
  • Sep 26, 2011 9:50pm Sep 26, 2011 9:50pm
My stop is at 1.5627.

Looks like I'm crazy. If I will lose 80 pips and if i "win" i will got 0 pips (BE). It's strange but 80% of the time I leave the trade in BE. Is more psychological than operational.
  • #289,553
  • Sep 26, 2011 9:59pm Sep 26, 2011 9:59pm
Quoting b4rhep
My stop is at 1.5627.

Looks like I'm crazy. If I will lose 80 pips and if i "win" i will got 0 pips (BE). It's strange but 80% of the time I leave the trade in BE. Is more psychological than operational.

But you are on the wrong side of breakeven.....price is already pulling away from you.......normally you set things at breakeven when you have profit........so you let your profit run and breakeven is your stop.....so you don't lose........right now you can loose everything.

I am confused on your breakeven.
I don't trust any move - when you have profit...take it.
  • #289,554
  • Sep 26, 2011 10:00pm Sep 26, 2011 10:00pm
Well.. I do wanna see 1,57
Attached Image (click to enlarge)
Click to Enlarge Name: cable26092011.png Size: 41 KB
  • #289,555
  • Sep 26, 2011 10:15pm Sep 26, 2011 10:15pm
Quoting b4rhep
My stop is at 1.5627.

Looks like I'm crazy. If I will lose 80 pips and if i "win" i will got 0 pips (BE). It's strange but 80% of the time I leave the trade in BE. Is more psychological than operational.

pardon my french....but that is arse backwardation
I don't trust any move - when you have profit...take it.
  • #289,556
  • Sep 26, 2011 10:17pm Sep 26, 2011 10:17pm
Quoting Faller
But you are on the wrong side of breakeven.....price is already pulling away from you.......normally you set things at breakeven when you have profit........so you let your profit run and breakeven is your stop.....so you don't lose........right now you can loose everything.

I am confused on your breakeven.
Is confusing.

Is more or less like this: the picture has changed and I want to leave. 80% of my trades that the picture changes, the price back to my start price. I'd rather risk close with to pips 0 (or -10 pips) than lose 70.
I do not want to win anything this trade, I refuse to win, even if the price drop 1000 pips. For me, if the picture changes, I want to go.

Seems strange but it works.
  • #289,557
  • Sep 26, 2011 10:20pm Sep 26, 2011 10:20pm
Quoting b4rhep
Is confusing.

Is more or less like this: the picture has changed and I want to leave. 80% of my trades that the picture changes, the price back to my start price. I'd rather risk close with to pips 0 (or -10 pips) than lose 70.
I do not want to win anything this trade, I refuse to win, even if the price drop 1000 pips. For me, if the picture changes, I want to go.

Seems strange but it works.

as long as you have profit. all good.

Cheers.

Faller.
I don't trust any move - when you have profit...take it.
  • #289,558
  • Sep 26, 2011 10:24pm Sep 26, 2011 10:24pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 30 KB


i need sleep, cya.
  • #289,559
  • Sep 27, 2011 12:13am Sep 27, 2011 12:13am
Quoting Rad168
eh...am I missing somehting? If your prediction is right, why don't you get a long now (15550) and then sell at 15750 (your sell order) to make a nice 200 pips profit.
Because in my opinion, GBPUSD is a downtrend for daily and weekly chart. It maybe bounce or may not and i think a solid support for GU is 1.5330 so if you long it here it will take 200 pips risk for a 200 pips potential gain which is not worth in my opinion.
  • #289,560
  • Sep 27, 2011 12:35am Sep 27, 2011 12:35am
USDX Nearest Term Weak and The Eur Showing Some Strength So We May See Both EU & GU Going Up Temporarly

Sometimes Seeing How Eur Perform also Good for GU Analysis

Daily Chart Attached,Hopes This Help
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDX Daily.png Size: 34 KB
Click to Enlarge Name: EUX Daily.png Size: 40 KB
If there was easy money lying around,no one would be forcing it into your
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