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Cable Update (GBPUSD)

  • #293,061
  • Nov 23, 2011 7:09am Nov 23, 2011 7:09am
Trade plan and execution. Have locked some of the profit by closing half of the position for 90 pips (1.4%) and left the rest running with SL at b/e. ~1.551 a possible TP point for the rest.
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  • #293,062
  • Nov 23, 2011 7:43am Nov 23, 2011 7:43am
Quoting redsword11
bought @ 1.55645


aiming for 20 points



manual stop


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added lower and locked
  • #293,063
  • Nov 23, 2011 7:45am Nov 23, 2011 7:45am
Quoting redsword11
Attachment


added lower and locked

done
  • #293,064
  • Nov 23, 2011 7:55am Nov 23, 2011 7:55am
Quoting redsword11
done


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not sure where this junk is heading
  • #293,065
  • Nov 23, 2011 8:06am Nov 23, 2011 8:06am
Quoting redsword11
Attachment


not sure where this junk is heading
I think we'll have a first bump in the zone of ~1.5543-15530.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #293,066
  • Nov 23, 2011 8:23am Nov 23, 2011 8:23am
Quoting Mr.C
I think we'll have a first bump in the zone of ~1.5543-15530.
ty



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in heavy again and locked
  • #293,067
  • Nov 23, 2011 8:41am Nov 23, 2011 8:41am
Quoting redsword11
ty





Attachment


in heavy again and locked

Hi Redsword!
First of all, thanks for sharing your knowledge
I've reading your thread and could you please tell me what you mean with "tg zone"?

Thanks again
  • #293,068
  • Nov 23, 2011 9:12am Nov 23, 2011 9:12am
Quoting Mr.C
Trade plan and execution. Have locked some of the profit by closing half of the position for 90 pips (1.4%) and left the rest running with SL at b/e. ~1.551 a possible TP point for the rest.
Change of plans. Won't be greedy. The rest closed for 115 pips (2.4%) at 1.5540. Net trade profit 3.8% with RR of 1/3.8. Good luck and green pips to all.
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  • #293,069
  • Nov 23, 2011 9:15am Nov 23, 2011 9:15am
looks still tend to go south...
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Revenge of Scalper
  • #293,070
  • Nov 23, 2011 9:16am Nov 23, 2011 9:16am
Quoting domtrip
Hi Redsword!
First of all, thanks for sharing your knowledge
I've reading your thread and could you please tell me what you mean with "tg zone"?

Thanks again
tg = target
zone = supply zone for longs and demand zone for shorts.

Therefore, he is looking to close most if not all of his position once price reaches the target zone.
  • #293,071
  • Nov 23, 2011 9:16am Nov 23, 2011 9:16am
I think it means Take Grofits. Or maybe TarGet.

Quoting domtrip
Hi Redsword!
First of all, thanks for sharing your knowledge
I've reading your thread and could you please tell me what you mean with "tg zone"?

Thanks again
Hello.
  • #293,072
  • Nov 23, 2011 9:24am Nov 23, 2011 9:24am
Quoting redsword11
Attachment


not sure where this junk is heading


all out @ 1.55400
  • #293,073
  • Nov 23, 2011 9:33am Nov 23, 2011 9:33am
Any ideas about this south rally?

any news?
  • #293,074
  • Nov 23, 2011 9:36am Nov 23, 2011 9:36am
Quoting Cholia
Any ideas about this south rally?

any news?
no news, just price action maybe..
Revenge of Scalper
  • #293,075
  • Nov 23, 2011 9:39am Nov 23, 2011 9:39am
Quoting Cholia
Any ideas about this south rally?

any news?
Probably this news.

http://www.forexfactory.com/news.php?do=news&id=327520
  • #293,076
  • Nov 23, 2011 9:49am Nov 23, 2011 9:49am
Cable likely dragged down by the € after Germany's failed bond auction earlier.. http://blogs.wsj.com/marketbeat/2011...what-it-means/

Challenging area of Monthly S1 now. @/around current lo and below;

5504-5490 prev dly/4hr sw hi zone incl 5501 = Monthly S1 @/around
5481 76.4% 5270-6165
5459 Weekly S2 @/around
5386 85.4% 5270-6165
5336-5319-5270 prev weekly/daily/4hr swing lo zone
5231 Weekly S3 @/around
5194 61.8% 4225-6746

G/L
ex member
  • #293,077
  • Nov 23, 2011 9:54am Nov 23, 2011 9:54am
you can see the previous minor dly swing hi/ previous 4hr swing hi here - area of Monthly S1 - @ current lo.

G/L
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ex member
  • #293,078
  • Nov 23, 2011 9:58am Nov 23, 2011 9:58am
buy limit @1.5475
Trade what you see. Write what you feel
  • #293,079
  • Nov 23, 2011 9:59am Nov 23, 2011 9:59am
a little late reaction to auction?

but probably bouth these true cause eurusd dropped 30 pip and cable 60 pip on this hour..




[quote=bbmac;5160831]Cable likely dragged down by the € after Germany's failed bond auction earlier.. http://blogs.wsj.com/marketbeat/2011...what-it-means/
  • #293,080
  • Nov 23, 2011 10:10am Nov 23, 2011 10:10am
Still hanging out for 5280 or so
Come with me if you want to live....
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