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Cable Update (GBPUSD)

  • #291,521
  • Oct 31, 2011 6:56am Oct 31, 2011 6:56am
Long at 1.6015. Stop loss 30 pips.

Josef
  • #291,522
  • Oct 31, 2011 7:45am Oct 31, 2011 7:45am
Attached Image (click to enlarge)
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hope sma100 + trendline will act as resistance..

any comments?
  • #291,523
  • Oct 31, 2011 8:33am Oct 31, 2011 8:33am
Quoting josef
Long at 1.6015. Stop loss 30 pips.

Josef
Nice tip!
  • #291,524
  • Oct 31, 2011 9:03am Oct 31, 2011 9:03am
Quoting josef
Long at 1.6015. Stop loss 30 pips.

Josef

Trade is closed with 40 pips profit.

Regards,

Josef
  • #291,525
  • Oct 31, 2011 10:01am Oct 31, 2011 10:01am
It would be a good idea to keep that long open longer.

Josef
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  • #291,526
  • Oct 31, 2011 10:55am Oct 31, 2011 10:55am
Quoting josef
It would be a good idea to keep that long open longer.

Josef


go man go

touch at the open, we're going to test the high.
  • #291,527
  • Oct 31, 2011 11:01am Oct 31, 2011 11:01am
Quoting Fudomyo


go man go

touch at the open, we're going to test the high.

we going much higher man..

it didnt base at 1.60 for nothing

also weekly established 3rd touch to make a trendline..so should go much higher..
  • #291,528
  • Oct 31, 2011 11:03am Oct 31, 2011 11:03am
Quoting josef
It would be a good idea to keep that long open longer.

Josef

fantastic results!!
  • #291,529
  • Oct 31, 2011 11:06am Oct 31, 2011 11:06am
cable gonna pop a cap in some bear ass
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  • #291,530
  • Oct 31, 2011 11:08am Oct 31, 2011 11:08am
Quoting nAVIN2007
we going much higher man..

it didnt base at 1.60 for nothing

also weekly established 3rd touch to make a trendline..so should go much higher..
she's on fire. bailed on R1 for now.

taking it bite sized pieces.
  • #291,531
  • Oct 31, 2011 11:10am Oct 31, 2011 11:10am
any fundamental reason?
  • #291,532
  • Oct 31, 2011 11:13am Oct 31, 2011 11:13am
I am waiting for pullback..
Trader from Croatia
  • #291,533
  • Oct 31, 2011 11:15am Oct 31, 2011 11:15am
Out of curiosity; what broker do you cable traders use?
  • #291,534
  • Oct 31, 2011 11:16am Oct 31, 2011 11:16am
Quoting chazzle
cable gonna pop a cap in some bear ass



Attached Image
  • #291,535
  • Oct 31, 2011 11:17am Oct 31, 2011 11:17am
Quoting forex killer
any fundamental reason?
nothing on the wires. but the Euro's dropping like a stone.
  • #291,536
  • Oct 31, 2011 11:17am Oct 31, 2011 11:17am
Quoting forex killer
any fundamental reason?
yes monthly close, probably still go down..i call this a shake out..euro is to damn weak and it holding cable back
  • #291,537
  • Oct 31, 2011 11:22am Oct 31, 2011 11:22am
Quoting nAVIN2007
yes monthly close, probably still go down..i call this a shake out..euro is to damn weak and it holding cable back
what does that mean? I just short at R1 with some gains, waiting for more pullback
  • #291,538
  • Oct 31, 2011 11:27am Oct 31, 2011 11:27am
Hi,

Just a reminder that the new free paltalk chat room Pro Forex Trading opens @ 0815am gmt on Monday (7th November) The aim of the chat room is to to support threads like this one and the eurusd thread....with realtime chat and analysis. Just to repeat: it is free and it will always be free and it might be useful in discussing trading ideas/analysis in realtime and supporting with charts posted to ff.com. At the very least for some it might be a welcome extra 'intercative' way of making trading from a home office less isolating/solitary. It may work - it may not, but it's worth a try. You can read all about it here: http://www.forexfactory.com/showthread.php?t=322868 and if you haven't already this thread gives links to download the free paltalk software as well as instructions on how to log into the room etc....
Hoping we can get a good thing going.

G/L
ex member
  • #291,539
  • Oct 31, 2011 11:28am Oct 31, 2011 11:28am
Quoting forex killer
what does that mean? I just short at R1 with some gains, waiting for more pullback

it means the monthly close needs to be bullish..to determine main direction next month..in yur time aspect..i think id rather be short for a few than long..if we closed below 1.6

id been concerned as im long longer term..so a reaction there was on the cards at 1.6
  • #291,540
  • Oct 31, 2011 11:29am Oct 31, 2011 11:29am
Quoting nAVIN2007
yes monthly close, probably still go down..i call this a shake out..euro is to damn weak and it holding cable back
This is a bit different than just closing the books. Probably with the Swiss and Japanese interventions, Sterling is a safer bet at the moment taking profit out of Euro.

EFSF scaleback of bailout.
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