Cable Update (GBPUSD) | Page 15466 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #309,301
  • Apr 22, 2012 3:39pm Apr 22, 2012 3:39pm
Quoting goldfish3
As I am already Short on this pair at 1.613 for a retrace i just wanted to share some insight. im still new so might be completely off on this but....

Last week I had been eying price movement on this one quite diligently the momentum slipped significantly (relative to what it has been) after the 1.607 area.

The reason of my entry was technicals suggesting a high probability retrace even though on the longer term side they are suggesting an uptrend. Did not base this on PA.

I usually stay out of such uncertain trades and just watch. however...
yes should not a good idea going long now at these levels in this overall insane PA.
but must be careful in short side too: it's since price was 1.58 people were sure of a correction down.
90% of traders use TA, indicators and prediction
  • #309,302
  • Apr 22, 2012 3:39pm Apr 22, 2012 3:39pm
Quoting nAVIN2007
ehehhehe
90% of traders use TA, indicators and prediction
  • #309,303
  • Apr 22, 2012 3:42pm Apr 22, 2012 3:42pm
Holland is socialist and thats no good for financial markets and eurusd ecpecially...but we all know, that if eurusd goes down also cable follow at least a bit...
  • #309,304
  • Apr 22, 2012 3:47pm Apr 22, 2012 3:47pm
Quoting perisher
Holland is socialist and thats no good for financial markets and eurusd ecpecially...but we all know, that if eurusd goes down also cable follow at least a bit...
ok so go short now in EU and GU based on this and pray that market will prove you right!
good luck.

90% of traders use TA, indicators and prediction
  • #309,305
  • Apr 22, 2012 3:48pm Apr 22, 2012 3:48pm
whats the resistance point ?
i know we eventually will be together
  • #309,306
  • Apr 22, 2012 4:15pm Apr 22, 2012 4:15pm
Quoting _BBKing_
ok so go short now in EU and GU based on this and pray that market will prove you right!
good luck.

BINGO!! Ignore PA and market sentiment and you'll need all the prayers you can get
Come with me if you want to live....
  • #309,307
  • Edited 5:03pm Apr 22, 2012 4:42pm | Edited 5:03pm
So far Asians are buying.No sign of retrace
Nothing major will happen until weds Prelim GDP q/q
Hoping negative.I am getting sick of cable bull crap.

5am April 24th Monday EST BOE Executive Director Paul Fisher due to speak about interest rates.Usually these guys always positive thus PA may go higher before this meeting.
I think I am going to close my shorts at 6120 6122.PA may reach 6160 and beyond.

Closed my shorts -7.5 Pips. Rather this then -50-75 pips
In trading, you have to be defensive and aggressive at the same time
  • #309,308
  • Apr 22, 2012 5:09pm Apr 22, 2012 5:09pm
Quoting Davit
So far Asians are buying.No sign of retrace
Nothing major will happen until weds Prelim GDP q/q
Hoping negative.I am getting sick of cable bull crap.

5am April 24th Monday EST BOE Executive Director Paul Fisher due to speak about interest rates.Usually these guys always positive thus PA may go higher before this meeting.
I think I am going to close my shorts at 6120 6122.PA may reach 6160 and beyond.

Closed my shorts -7.5 Pips. Rather this then -50-75 pips
if ur margin is big enough. put a buy at 161100 area to test 1.6170 . market will sell from there to test support at 16060-16080
  • #309,309
  • Apr 22, 2012 5:15pm Apr 22, 2012 5:15pm
Quoting Leunammj
if ur margin is big enough. put a buy at 161100 area to test 1.6170 . market will sell from there to test support at 16060-16080
I doubt it will reach 6100 today.I think Fisher meeting at 5am may have already created positive sentiment to UP.
My margin is 50:1 and I usually place .50
Thank you for the suggestion.
In trading, you have to be defensive and aggressive at the same time
  • #309,310
  • Apr 22, 2012 5:36pm Apr 22, 2012 5:36pm
Quoting nAVIN2007
what positions do u have my man?
u trading well..where faller i hope he didnt over position size, he was very bearish to the point - perhaps wanting to convince himself

hope he is good..in bbq
Quoting Ill-b-back
I'm sure Faller is ok, he is very careful trader, uses PA and momentum well so I doubt he is in hot water. I'm hedged from around 59 area and waiting for a reversal signal. To be honest man trading for me has been tough this month, but in front and waiting to offload the hedge. Just being patient dude. You used 16 or 4 month chart for your analysis last year??
Quoting bbakker
This morning was a classic example of why I left FF. Why am I posting here now?

I do occassionally still look in the threads but all I see is bickering... pages full of it. All it does is dilute the posts from traders with great analytical skills and we are left with pages of drivel with the odd post that actually contributes in a positive way.

We all have differences of opinion but no one respects that because no one wants to be wrong.

To read the GU thread this morning led me to write my final post. It was of no great surprise as I have...

All good nAVIN - take it easy Ill-b-back - Could not agree more with bbakker -

No need for me to post names - everyone knows who they are and what they say.

Cheers,

Faller.
I don't trust any move - when you have profit...take it.
  • #309,311
  • Apr 22, 2012 6:44pm Apr 22, 2012 6:44pm
R.I.P
Come with me if you want to live....
  • #309,312
  • Apr 22, 2012 9:36pm Apr 22, 2012 9:36pm
Quoting PoundTrader
looking for a good safe place in cape town, any suggestion, i have about 14 million rand to spend, thats about 2 million usd
Good day to you,

Send me a PM with your requirements.

Regards
  • #309,313
  • Apr 22, 2012 10:08pm Apr 22, 2012 10:08pm
i've taken a short position on gbp/usd, and added more funds to increase stop loss to 1.6200 , - however with latest data - i think it best to close the trades, take the hit, and wait. If it goes up to 6.400 or more i cannot finance all. if i close now, it goes up to 1.6400 i can make money on the way up, and short on the way down, from close to the top peak, - and get my money back anyway, - with less risk.
what do you think?

VB
  • #309,314
  • Apr 23, 2012 12:25am Apr 23, 2012 12:25am
I think a good idea will be to stop trading and first learn to trade on demo because with your post i can see you have no trading experience. Dont mean it bad but it will safe you allot of money.

Regards

Quoting Vikingbarde
i've taken a short position on gbp/usd, and added more funds to increase stop loss to 1.6200 , - however with latest data - i think it best to close the trades, take the hit, and wait. If it goes up to 6.400 or more i cannot finance all. if i close now, it goes up to 1.6400 i can make money on the way up, and short on the way down, from close to the top peak, - and get my money back anyway, - with less risk.
what do you think?

VB
  • #309,315
  • Apr 23, 2012 1:06am Apr 23, 2012 1:06am
Quoting Vikingbarde
i've taken a short position on gbp/usd, and added more funds to increase stop loss to 1.6200 , - however with latest data - i think it best to close the trades, take the hit, and wait. If it goes up to 6.400 or more i cannot finance all. if i close now, it goes up to 1.6400 i can make money on the way up, and short on the way down, from close to the top peak, - and get my money back anyway, - with less risk.
what do you think?

VB
forex don't works like that. do u even have chart and graphs? what news and analysis says are one thing. what moves is another. last Monday everyone think euro is going down yet it rejected the support the 3-4 time. and news come out with some crap story. i agree either u go demo or go micro 0.01 per trade until u have consistency and a trading plan that do work out in at least 200 history trade. you don't pump money to prevent margin call. u is stop loss to cut your losses early and protect your account and admit your entry was dam wrong. re analyze and when your mind is cool then u enter a new trade. urn method or protecting account may just blow u more when u sell market buy. just when u closed your sell and u buy market goes sell. then glhf
  • #309,316
  • Apr 23, 2012 1:15am Apr 23, 2012 1:15am
Quoting Vikingbarde
i've taken a short position on gbp/usd, and added more funds to increase stop loss to 1.6200 , - however with latest data - i think it best to close the trades, take the hit, and wait. If it goes up to 6.400 or more i cannot finance all. if i close now, it goes up to 1.6400 i can make money on the way up, and short on the way down, from close to the top peak, - and get my money back anyway, - with less risk.
what do you think?

VB
if you already closed its ok but it wont break 1.62 i will short 1.6150 and add all the way to 1.6266 that would make wave 5 bigger then wave 3 which means I AM WRONG BUT I DONT THINK SO! Expecting down move of 600 - 1200 pips for entire wave 2 & then b to complete around 1.52
  • #309,317
  • Apr 23, 2012 1:28am Apr 23, 2012 1:28am
Quoting Leunammj
forex don't works like that. do u even have chart and graphs? what news and analysis says are one thing. what moves is another. last Monday everyone think euro is going down yet it rejected the support the 3-4 time. and news come out with some crap story. i agree either u go demo or go micro 0.01 per trade until u have consistency and a trading plan that do work out in at least 200 history trade. you don't pump money to prevent margin call. u is stop loss to cut your losses early and protect your account and admit your entry was dam wrong. re analyze...
how true
  • #309,318
  • Apr 23, 2012 1:34am Apr 23, 2012 1:34am
I have been patiently waiting sharpening my knives to short this pair with vengeance! What a fking arrogant currency! That is Sterling.
In trading, you have to be defensive and aggressive at the same time
  • #309,319
  • Apr 23, 2012 1:37am Apr 23, 2012 1:37am
Quoting Allseeingeye
if you already closed its ok but it wont break 1.62 i will short 1.6150 and add all the way to 1.6266 that would make wave 5 bigger then wave 3 which means I AM WRONG BUT I DONT THINK SO! Expecting down move of 600 - 1200 pips for entire wave 2 & then b to complete around 1.52
I am with you! Short this bitch!
In trading, you have to be defensive and aggressive at the same time
  • #309,320
  • Apr 23, 2012 1:39am Apr 23, 2012 1:39am
I am selling now at 1.6108 Target initially 1.6050 and 1.6000
343 traders viewing now