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Cable Update (GBPUSD)

  • #305,881
  • Apr 3, 2012 1:13am Apr 3, 2012 1:13am
I have just place a sell/stop order on cable to open at 1.6015, target 1.5960
  • #305,882
  • Apr 3, 2012 1:16am Apr 3, 2012 1:16am
Quoting spiritbreezer
I have just place a sell/stop order on cable to open at 1.6015, target 1.5960
Sounds like you know what you are doing.
Gone to a better place
  • #305,883
  • Apr 3, 2012 1:16am Apr 3, 2012 1:16am
Quoting spiritbreezer
I have just place a sell/stop order on cable to open at 1.6015, target 1.5960

can u tell us why?

can u post a chart?
I don't trust any move - when you have profit...take it.
  • #305,884
  • Apr 3, 2012 1:19am Apr 3, 2012 1:19am
Quoting Faller
can u tell us why?

can u post a chart?
It is the Asia low.
Gone to a better place
  • #305,885
  • Apr 3, 2012 1:20am Apr 3, 2012 1:20am
Quoting smikester
It is the Asia low.

I know....I am just bored....wanted to read something and look at a chart....

all good.
I don't trust any move - when you have profit...take it.
  • #305,886
  • Apr 3, 2012 1:23am Apr 3, 2012 1:23am
Quoting smikester
Sounds like you know what you are doing.
don't do that mate.. maybe he really don't..
  • #305,887
  • Apr 3, 2012 1:25am Apr 3, 2012 1:25am
Quoting A-speculator
don't do that mate.. maybe he really don't..
Well. It does sound like he knows what he's doing. I would take that trade. But I will wait for a strong M15 close below there before I enter, because, from my studies, that's the first area of strong support today.
Gone to a better place
  • #305,888
  • Apr 3, 2012 1:27am Apr 3, 2012 1:27am
Quoting smikester
Well. It does sound like he knows what he's doing. I would take that trade. But I will wait for a strong M15 close below there before I enter.
that's the difference.. you enter on limit, he enters on stop order..
  • #305,889
  • Apr 3, 2012 1:33am Apr 3, 2012 1:33am
Uk construction pmi better tha last mth and forecast at 56.7, - knee-jerk £ buy on release - supply hitting again now though.

G/L
ex member
  • #305,890
  • Apr 3, 2012 1:34am Apr 3, 2012 1:34am
im guessing from what i see in here majority of traders enter position and take 10- 30 pips and exit

very few seem to get more than 40+ plus?

would u say this is a fair assessment..?
  • #305,891
  • Apr 3, 2012 1:35am Apr 3, 2012 1:35am
Quoting bbmac
Uk construction pmi better tha last mth and forecast at 56.7, - knee-jerk £ buy on release - supply hitting again now though.

G/L
seems like they actually waiting for FOMC.. price ain't going any where after the gbp release..

later guys..
  • #305,892
  • Apr 3, 2012 1:37am Apr 3, 2012 1:37am
Quoting nAVIN2007
im guessing from what i see in here majority of traders enter position and take 10- 30 pips and exit

very few seem to get more than 40+ plus?

would u say this is a fair assessment..?
Depends if trend/counter trend
Come with me if you want to live....
  • #305,893
  • Apr 3, 2012 1:38am Apr 3, 2012 1:38am
Quoting nAVIN2007
im guessing from what i see in here majority of traders enter position and take 10- 30 pips and exit

very few seem to get more than 40+ plus?

would u say this is a fair assessment..?
not for me, am a pip monster,i target >40pips
  • #305,894
  • Apr 3, 2012 1:38am Apr 3, 2012 1:38am
Quoting mizisan
Yesterday was Pinocchio bar? waiting for construction PMI to be release.

do u know why it is called a Pinocchio bar?

the wick is supposed to be a the nose, and like in the story of Pinocchio the nose growing is a lie
price would go in the opposite direction........now looking at the chart which side is the nose on?? which side is the lie.

hopefully this information given will show u, why it isnt a Pinocchio bar..
if u dont get it..let meh know ..i shall try again
  • #305,895
  • Apr 3, 2012 1:39am Apr 3, 2012 1:39am
Quoting nAVIN2007
im guessing from what i see in here majority of traders enter position and take 10- 30 pips and exit

very few seem to get more than 40+ plus?

would u say this is a fair assessment..?
I don't know. I see a lot of traders come and go. It's not the way I trade.
Gone to a better place
  • #305,896
  • Apr 3, 2012 1:39am Apr 3, 2012 1:39am
let see where she goes ....

1 cent

Quoting iqyu5an
maybe she wanna make abcd pattern first in tf 5 minutes but not sure also for this. let see
Attached Image (click to enlarge)
Click to Enlarge Name: pvj408.gif Size: 20 KB
not euphoria follower
  • #305,897
  • Apr 3, 2012 1:43am Apr 3, 2012 1:43am
1,593x is an area that has to be challenged.
I'll start adding shorts once we reach new high

ps : i've taken a small short 1,6030....but i hope we'll reach new high so i can add bigger ones.
COT: The precious data ignored
  • #305,898
  • Apr 3, 2012 1:44am Apr 3, 2012 1:44am
Quoting smikester
I don't know. I see a lot of traders come and go. It's not the way I trade.
nothing wrong in it..i only say it cause i think theres a lot of aggressive trades taken..something has to give

would be interesting to know but probably impossible
thx for reply
  • #305,899
  • Apr 3, 2012 1:45am Apr 3, 2012 1:45am
Quoting kuroro001
1,593x is an area that has to be challenged.
I'll start adding shorts once we reach new high

ps : i've taken a small short 1,6030....but i hope we'll reach new high so i can add bigger ones.

why?
  • #305,900
  • Apr 3, 2012 1:46am Apr 3, 2012 1:46am
Quoting Ill-b-back
He he, I had 5937-38 marked on my charts, I guess I need to change brokers
could it be we got the same broker say it ain't so
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