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Cable Update (GBPUSD)

  • #316,681
  • Jun 18, 2012 8:42am Jun 18, 2012 8:42am
I closed my shorts from 15712 at 15645 for about 60 pips......, just small recovery after big loss during 200 pip bullish 2 days ago....now looking for new entry for shorts at higher price, it should be done when cable slightly up to 1.5665 but i wondered it would climb higher again....seems like 1.5645 very strong... still wait...
Any suggestion guys...?.....
  • #316,682
  • Jun 18, 2012 8:46am Jun 18, 2012 8:46am
Quoting Red Alert
I closed my shorts from 15712 at 15645 for about 60 pips......, just small recovery after big loss during 200 pip bullish 2 days ago....now looking for new entry for shorts at higher price, it should be done when cable slightly up to 1.5665 but i wondered it would climb higher again....seems like 1.5645 very strong... still wait...
Any suggestion guys...?.....
1.5662 is 38.2% retracement of 1.6290 to 1.5220. above that bullish
  • #316,683
  • Jun 18, 2012 8:48am Jun 18, 2012 8:48am
Quoting Nachiket
1.5662 is 38.2% retracement of 1.6290 to 1.5220. above that bullish
. my guess is it will be continuation of bull run.
  • #316,684
  • Jun 18, 2012 8:51am Jun 18, 2012 8:51am
a sell on GU from 1.5671 TP 1.5652 SL 1.5677
  • #316,685
  • Jun 18, 2012 8:53am Jun 18, 2012 8:53am
Quoting redbeben
a sell on GU from 1.5671 TP 1.5652 SL 1.5677
why go against the trend when there are pips to be made on the upside.
  • #316,686
  • Jun 18, 2012 8:54am Jun 18, 2012 8:54am
Quoting Nachiket
1.5662 is 38.2% retracement of 1.6290 to 1.5220. above that bullish
Thank you nachi....., i will manage it and really carefull of it....
  • #316,687
  • Jun 18, 2012 8:55am Jun 18, 2012 8:55am
Quoting Nachiket
. my guess is it will be continuation of bull run.
not from this level
as soon as we start the drop from 1.5671 we should fall to 1.5609 area before any important bull move.

at least this is what my charts tell me
  • #316,688
  • Jun 18, 2012 8:58am Jun 18, 2012 8:58am
Quoting redbeben
not from this level
as soon as we start the drop from 1.5671 we should fall to 1.5609 area before any important bull move.

at least this is what my charts tell me
my charts tell me 1.57 in no time.
  • #316,689
  • Jun 18, 2012 9:03am Jun 18, 2012 9:03am
Quoting Nachiket
why go against the trend when there are pips to be made on the upside.
pips can be made on the upside all the way to 1.6280 area but this on the Daily chart

On the M1 and M5...diff story.

I mentioned some posts ago that it depends on the type of trader you are(scalper or position trader)

Opening now in the middle of nowhere a long does not suite me as I open @ 1 lot per trade as often as I have the right setup.

20 pips DD on 1 lot is 200 usd...I am curious to know how many traders on this thread would be calm with this DD.

and this only from 1.5671 but if we go all the way to 1.5609 that would be 60 pips....quite a lot of money in my opinion

So,this being said,I jump on scalps as often I can and prefer to leave swings apart.or if I enter I enter in the best spot and with small lots

p.s. we are in a downtrend still
look at the Daily and W chart...we just banged our GU head against the TL and it held
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  • #316,690
  • Jun 18, 2012 9:03am Jun 18, 2012 9:03am
Quoting Nachiket
stupid trader. don't send me private messages you fool
Good day to you,

Have never PM'ed you and never will. No need to.

Regards
  • #316,691
  • Jun 18, 2012 9:04am Jun 18, 2012 9:04am
hi guys

I placed another short sell with tiny SL I wanna go with my initial entry

http://s18.postimage.org/nvtftr9uh/cabel.gif
image host
swing it!
  • #316,692
  • Jun 18, 2012 9:07am Jun 18, 2012 9:07am
Yep SL hit no biggie
swing it!
  • #316,693
  • Jun 18, 2012 10:03am Jun 18, 2012 10:03am
Good day to you,

Looks like a beautiful long opportunity on EU - long @ 1.2576

Regards
  • #316,694
  • Jun 18, 2012 10:08am Jun 18, 2012 10:08am
GBP LFX gap has been filled!
I think finally Gbp want to follow EUR!!
Just Maybee...
  • #316,695
  • Jun 18, 2012 10:11am Jun 18, 2012 10:11am
Quoting aarash
GBP LFX gap has been filled!
I think finally Gbp want to follow EUR!!
Just Maybee...
Chart...
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  • #316,696
  • Jun 18, 2012 10:34am Jun 18, 2012 10:34am


i have 700 pips gap in my chart.
so probably price will go fill also this gap.


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  • #316,697
  • Jun 18, 2012 10:39am Jun 18, 2012 10:39am
Quoting TauTrader
Good day to you,

Looks like a beautiful long opportunity on EU - long @ 1.2576

Regards
Good day to you,

Was too early on this.. going to give it a few more hours. Closing for -15.

Regards
  • #316,698
  • Jun 18, 2012 10:40am Jun 18, 2012 10:40am
Quoting _BBKing_


i have 700 pips gap in my chart.
so probably price will go fill also this gap.


Maybe
  • #316,699
  • Jun 18, 2012 10:41am Jun 18, 2012 10:41am
Quoting _BBKing_
i have 700 pips gap in my chart.
BUY BUY BUY !!!
  • #316,700
  • Jun 18, 2012 10:47am Jun 18, 2012 10:47am
EJ, 10 black in a row .. time for correction ? cable is stronger... soo maybe buy cable?
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