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Cable Update (GBPUSD)

  • #308,901
  • Apr 19, 2012 1:42am Apr 19, 2012 1:42am
And there it is. 1.6044 just hit.
Better close your longs now I'd say and wait for new setup or so.
  • #308,902
  • Apr 19, 2012 2:01am Apr 19, 2012 2:01am
Quoting hutrader
And there it is. 1.6044 just hit.
Better close your longs now I'd say and wait for new setup or so.

AND WHY IS THIS..my friend?
look at the higher time frames..monthly!..see why price is going up..the move is completely technical (if u cant see it and want a chart, im happy to show but i wont spoon feed any1..not the way to learn how to trade)

I just hope those who short and generally contribute still contribute despite the direction movement
  • #308,903
  • Apr 19, 2012 2:09am Apr 19, 2012 2:09am
Quoting Davit
What is the possibility this reaching 6100++reaching for 6200 at London.
I am in crises close my 4 shorts and accept $160 loss or wait to see how London reacts.
I just don't like how EU is in sinc with Cable even though there is 200 pips off correlation.
I mean EU reaching 3200 sure it will force Cable 6100 and beyond.
I am very pissed at myself for not doing my homework.I should of waited cable news before shorting.
Just a fking rookie mistake.

i am a noobie too 4 shorts about 800 pounds down. i am going to hold mine and wait for a re-trace why ... stick bollinger bands on the 4 hour and daily charts , we hav broke he upper bollinger band and this usually suggests the price will hold at this level and reverse.

its your money though and you must make your own decesion
  • #308,904
  • Apr 19, 2012 2:11am Apr 19, 2012 2:11am
Quoting hutrader
And there it is. 1.6044 just hit.
Better close your longs now I'd say and wait for new setup or so.

price as it stand is above the high of the previous month..why would u short this information instead of considering a long?
this was always the problem with shorting, was hard to see if the bullish monthly candle would trigger..

its what kept tony out of the short in my imho..lets see how it all develops
  • #308,905
  • Apr 19, 2012 2:14am Apr 19, 2012 2:14am
everybody has their own analysis and strategy mate ...
Quoting hutrader
And there it is. 1.6044 just hit.
Better close your longs now I'd say and wait for new setup or so.
not euphoria follower
  • #308,906
  • Apr 19, 2012 2:17am Apr 19, 2012 2:17am
Quoting Prosac_100Mg
i am a noobie too 4 shorts about 800 pounds down. i am going to hold mine and wait for a re-trace why ... stick bollinger bands on the 4 hour and daily charts , we hav broke he upper bollinger band and this usually suggests the price will hold at this level and reverse.

its your money though and you must make your own decesion

1.61 or 1.62 (i reckon 1.62 perhaps a good place to short..) to get out of this mess

I hope u get out in profit
  • #308,907
  • Apr 19, 2012 2:19am Apr 19, 2012 2:19am
Quoting iqyu5an
everybody has their own analysis and strategy mate ...

we on track bro!! ..so far so good, stay strong!!..hopefully move is about to start
  • #308,908
  • Apr 19, 2012 2:19am Apr 19, 2012 2:19am
Every piece of important news this week has been positive for cable. Starting with HPI which came out 3 days early at 3.5%
Gone to a better place
  • #308,909
  • Apr 19, 2012 2:20am Apr 19, 2012 2:20am
Quoting nAVIN2007
price as it stand is above the high of the previous month..why would u short this information instead of considering a long?
this was always the problem with shorting, was hard to see if the bullish monthly candle would trigger..

its what kept tony out of the short in my imho..lets see how it all develops
I'm shorting it too.. Few pips above or below resistance dues not mean much especially before major movers (Spanish auction in this case) but it gives very tight RR ratio!
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  • #308,910
  • Apr 19, 2012 2:21am Apr 19, 2012 2:21am
Quoting smikester
Every piece of important news this week has been positive for cable. Starting with HPI which came out 3 days early at 3.5%
thats great.. I hope u making money?

Quoting Likerty
I'm shorting it too.. Few pips above or below resistance dues not mean much especially before major movers (Spanish auction in this case) but it gives very tight RR ratio!

if u short it..make sure yur target is the high of previous monthly..and BE otherwise u may regret..the previous monthly high is the target for a scalp but should hold to base price to give it opportunity to build momentum
  • #308,911
  • Apr 19, 2012 2:21am Apr 19, 2012 2:21am
Quoting Prosac_100Mg
i am a noobie too 4 shorts about 800 pounds down. i am going to hold mine and wait for a re-trace why ... stick bollinger bands on the 4 hour and daily charts , we hav broke he upper bollinger band and this usually suggests the price will hold at this level and reverse.

its your money though and you must make your own decesion
And if the price comes back to retest the 1.6 number before trundling back up. How does that fit your Bollinger band theory?
Gone to a better place
  • #308,912
  • Apr 19, 2012 2:22am Apr 19, 2012 2:22am
fk hit 6070
I was hoping London sell off.I was totally flatly wrong.
Painful lesson learned.PAY ATTENTION TO NEWS!
This is going up with a vengeance!Fking upset now
In trading, you have to be defensive and aggressive at the same time
  • #308,913
  • Apr 19, 2012 2:25am Apr 19, 2012 2:25am
Quoting Likerty
I'm shorting it too.. Few pips above or below resistance dues not mean much especially before major movers (Spanish auction in this case) but it gives very tight RR ratio!
Don't expect price to reverse ,rather look for continuation . u never know how far it can go.Wait for a reversal confirmation on charts to enter a trade.
  • #308,914
  • Apr 19, 2012 2:25am Apr 19, 2012 2:25am
GBP is overbought across all pairs. gbp/aud, gbp/jpy, eur/gbp. gbp/usd. i am hoping to at least see 1.6000 or 1.5980. if not its crazy . this pair is bull like stupid.
  • #308,915
  • Apr 19, 2012 2:29am Apr 19, 2012 2:29am
Quoting nAVIN2007
thats great.. I hope u making money?




if u short it..make sure yur target is the high of previous monthly..and BE otherwise u may regret..the previous monthly high is the target for a scalp but should hold to base price to give it opportunity to build momentum

Well, this was my first post this week:

http://www.forexfactory.com/showthre...24#post5575724

Don't know why I bother.
Gone to a better place
  • #308,916
  • Apr 19, 2012 2:30am Apr 19, 2012 2:30am
Quoting nAVIN2007
we on track bro!! ..so far so good, stay strong!!..hopefully move is about to start
not euphoria follower
  • #308,917
  • Apr 19, 2012 2:33am Apr 19, 2012 2:33am
Quoting honeybhi
Don't expect price to reverse ,rather look for continuation . u never know how far it can go.Wait for a reversal confirmation on charts to enter a trade.
I'm not so patient yet...

In a spiky market often it will be to late to enter after reversal confirms (for my 20-40 pip trades)..
69
  • #308,918
  • Apr 19, 2012 2:34am Apr 19, 2012 2:34am
Quoting nAVIN2007
thats great.. I hope u making money?




if u short it..make sure yur target is the high of previous monthly..and BE otherwise u may regret..the previous monthly high is the target for a scalp but should hold to base price to give it opportunity to build momentum

I knew you would be back after being in the hiding for a long time. after all ur target 1.63 is becoming possible after 1 yr. u held the position for 1 yr. i wonder on what margin u sell 0.001.

donno see any rationale behind this move. sellers are plentiful from 1.0675.
  • #308,919
  • Apr 19, 2012 2:35am Apr 19, 2012 2:35am
Quoting Leunammj
GBP is overbought across all pairs. gbp/aud, gbp/jpy, eur/gbp. gbp/usd. i am hoping to at least see 1.6000 or 1.5980. if not its crazy . this pair is bull like stupid.
What does overbought mean? This went to 2.0 a few years ago. Why are you hoping it reverses? Do you have a chart or are you just hoping?
Gone to a better place
  • #308,920
  • Apr 19, 2012 2:36am Apr 19, 2012 2:36am
My hope is very strong this morning so it should help close this H1 and H4 below 50 or better - 41..
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