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Cable Update (GBPUSD)

  • #321,281
  • Aug 10, 2012 9:59am Aug 10, 2012 9:59am
closed my long at 1.5696 (from 1.5580)
nice move today
  • #321,282
  • Aug 10, 2012 10:04am Aug 10, 2012 10:04am
New channel lines updated to reflect the slightly lower low over the last eight hours.
Attached Image (click to enlarge)
Click to Enlarge Name: 0810.gif Size: 29 KB
Money never sleeps...
  • #321,283
  • Aug 10, 2012 10:04am Aug 10, 2012 10:04am
trying short with previous high as SL. .
  • #321,284
  • Aug 10, 2012 10:04am Aug 10, 2012 10:04am
Quoting PskovFX
closed my long at 1.5696 (from 1.5580)
nice move today
http://www.easyfreesmileys.com/smileys/thinking-006.GIF
  • #321,285
  • Aug 10, 2012 10:07am Aug 10, 2012 10:07am
Quoting rokokdaun
trying short with previous high as SL. .

'trying' sounds a little overly hopeful, would be careful after such a strong move and the risk of it moving more. Either way im confident we are down overall next week so no real threat.
Money never sleeps...
  • #321,286
  • Aug 10, 2012 10:07am Aug 10, 2012 10:07am
Quoting rokokdaun
trying short with previous high as SL. .
be careful http://www.easyfreesmileys.com/smile...mileys-314.gif
  • #321,287
  • Aug 10, 2012 10:11am Aug 10, 2012 10:11am
Quoting rokokdaun
trying short with previous high as SL. .
this is why i don't try, as quick as you got in you got taken out for trying
  • #321,288
  • Aug 10, 2012 10:12am Aug 10, 2012 10:12am
stop out already.. haha recovering short now
  • #321,289
  • Aug 10, 2012 10:15am Aug 10, 2012 10:15am
Quoting PoundTrader
this is why i don't try, as quick as you got in you got taken out for trying
hehe.. yup... you're right
  • #321,290
  • Aug 10, 2012 10:16am Aug 10, 2012 10:16am
definitely testing my trend line here and my thinking at the beginning of the week was to sell anything 1.57 plus. Being friday though and for reasons mentioned before (bloomberg tv etc) will likely still stay out.

Unless Poundtrader changes his mind and decides to jump in early?

if he jumped off a cliff would you? Yes of course...
Money never sleeps...
  • #321,291
  • Aug 10, 2012 10:17am Aug 10, 2012 10:17am
Quoting rokokdaun
hehe.. yup... you're right
i was just having a little fun when i wrote that, wasn't trying to be a hard ass, just BS around.
  • #321,292
  • Aug 10, 2012 10:20am Aug 10, 2012 10:20am
Quoting inpatient
definitely testing my trend line here and my thinking at the beginning of the week was to sell anything 1.57 plus. Being friday though and for reasons mentioned before (bloomberg tv etc) will likely still stay out.

Unless Poundtrader changes his mind and decides to jump in early?

if he jumped off a cliff would you? Yes of course...
i have to wait till monday EOD data to see where i stand, long are short, i seen moves like this before and the fucker kept going the same way, so a short is possible but im not ruling out any longs, just because a move goes heavy in one direction dosent mean it wanna change direction so quick.
  • #321,293
  • Aug 10, 2012 10:25am Aug 10, 2012 10:25am
Quoting PoundTrader
i was just having a little fun when i wrote that, wasn't trying to be a hard ass, just BS around.
hehe.. no prob.. i was looking at EU at the same time was trying short .. and EU give good result but ... gu is shitting me lol
  • #321,294
  • Aug 10, 2012 10:32am Aug 10, 2012 10:32am
I have a feeling next week will bust thru 1.5700 before starting any downtrend, this is to take out traders that went short to early, this will give my boy navin a chance to get out of his trade and start back trading again.
  • #321,295
  • Aug 10, 2012 10:38am Aug 10, 2012 10:38am
Quoting PoundTrader
I have a feeling next week will bust thru 1.5700 before starting any downtrend, this is to take out traders that went short to early, this will give my boy navin a chance to get out of his trade and start back trading again.

where will he get out? Has he made a decision on it?

Will feel better after he does it im sure. smaller scale but i closed out two short positions i was holding at 1.555 since last week for a decent loss. Felt better after though and have almost recovered the loss with the 300 plus pips from todays surge.

With his experience and ability he will be back on top in no time im sure.
Money never sleeps...
  • #321,296
  • Aug 10, 2012 11:03am Aug 10, 2012 11:03am
Quoting rokokdaun
hehe.. no prob.. i was looking at EU at the same time was trying short .. and EU give good result but ... gu is shitting me lol
s/o .. will wait for next week.. later guys.. have a great weekend~!
  • #321,297
  • Edited 11:24am Aug 10, 2012 11:12am | Edited 11:24am
trying to get some pips with short from 1.5696
i think we need retracement about 50 pips before to grow further
but it can turn back and go south
I don't give forecasts I just follow the market
  • #321,298
  • Aug 10, 2012 11:35am Aug 10, 2012 11:35am
sun shining in north london.

have a nice weekend all from newbie trader.
  • #321,299
  • Aug 10, 2012 11:42am Aug 10, 2012 11:42am
Quoting glowing2012
sun shining in north london.

have a nice weekend all from newbie trader.

make the most of that sun it wont last long in the UK.

also, well done on the Olympics, a good show and more medals than any other nation per population.
Money never sleeps...
  • #321,300
  • Aug 10, 2012 12:29pm Aug 10, 2012 12:29pm
This should continue to test 57XX before Monday NY open. No shorts for me. In fact, building longs.
When Scalpers win, I lose and Vice varsa...
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