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Cable Update (GBPUSD)

  • #322,981
  • Aug 29, 2012 6:37am Aug 29, 2012 6:37am
Quoting redbeben
sold EU @1.2565

TP1 1.2525
TP2 1.2500
TP3 1.2474

and closed manually @ + 30 as first TP half of my position

I'm weak pips are like my babies ..I can't loose one
Attached Image (click to enlarge)
Click to Enlarge Name: sell eu29.gif Size: 52 KB
  • #322,982
  • Aug 29, 2012 6:40am Aug 29, 2012 6:40am
and I made some more on EG 20+,closed half rest @ + 5 ...but still none on GU bloody confirmations nor up nor down

If I don't get a full confirmation on this pair I will not trade it.me no like market.
Attached Image (click to enlarge)
Click to Enlarge Name: sell eg29.gif Size: 38 KB
  • #322,983
  • Aug 29, 2012 6:40am Aug 29, 2012 6:40am
Quoting Red Alert
I agree with you sir....

already at EU also....

Good luck sir....
Sir, yes - have built EU short yesterday. Now busy with GU.

Will see -

All the best to you
  • #322,984
  • Aug 29, 2012 6:41am Aug 29, 2012 6:41am
market during this two months was really nonsense!
if you are a trend trader and want to get more than 70pip profit, there was only three or four opportunity!
really disappointing, full of fake break outs,
i think it was time for scalpers with tp under 20 pips.
  • #322,985
  • Aug 29, 2012 7:09am Aug 29, 2012 7:09am
Quoting redbeben
and closed manually @ + 30 as first TP half of my position

I'm weak pips are like my babies ..I can't loose one
Hi mate....your decission is right.... +30 pips is good gor you....may be next will be my turn.... my shorts +15 pips lower than your closed one...

regards
  • #322,986
  • Aug 29, 2012 7:17am Aug 29, 2012 7:17am
now I'd buy on retrace @ 1.5830-27 with TP 1.5860

confirmation is here

I might take it if we retrace
  • #322,987
  • Aug 29, 2012 7:39am Aug 29, 2012 7:39am
Quoting bbmac
yesterday's Hi - a H on 4hr came above the last LH on that t/f as price found buy the dip demand at 5703 lo. Significant ? ie more upside more likely ?

G/L
Agree, bought again at 5820 on the pullback, hoping for some decent movement in this next 1-2 hours.. Higher TF charts are really helping see the wood from the trees these days.

I attached a chart I posted to another thread last week and the same one updated, went slight below my A point but target is still point C at 1.605 with midway point at B 1.59. So far so good!

EDIT : AU Very nice breakout too!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu4h23aug2012.gif Size: 40 KB
Click to Enlarge Name: gu4h29aug2012.gif Size: 40 KB
  • #322,988
  • Aug 29, 2012 7:43am Aug 29, 2012 7:43am
Quoting leveraged
Long G/U @ 1.5825 SL 1.5814

waited too long for this one. Out @ 1.5850 for +25 pips
  • #322,989
  • Aug 29, 2012 8:07am Aug 29, 2012 8:07am
I could be wrong but this looks like a sucker pin on hourly to sucker in the shorts (actually weak stops were already taken out by that pin which paves the way for higher ground). My vote is we get to 1.5885 in next couple of hours.
Attached Image
  • #322,990
  • Aug 29, 2012 8:08am Aug 29, 2012 8:08am
hopefully it will kiss 1.5790 first.....
  • #322,991
  • Aug 29, 2012 8:24am Aug 29, 2012 8:24am
think we will see 1.5816 before any movement back up. Will look to re-enter long there
  • #322,992
  • Aug 29, 2012 8:33am Aug 29, 2012 8:33am
  • #322,993
  • Aug 29, 2012 8:37am Aug 29, 2012 8:37am
Going to attempt 1.5800 or 1.5775 -

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gushort.jpg Size: 104 KB
  • #322,994
  • Aug 29, 2012 8:49am Aug 29, 2012 8:49am
Quoting redbeben
sold EU @1.2565

TP1 1.2525
TP2 1.2500
TP3 1.2474
rinse and repeat ?
  • #322,995
  • Aug 29, 2012 9:01am Aug 29, 2012 9:01am
Quoting redbeben
rinse and repeat ?
  • #322,996
  • Aug 29, 2012 9:03am Aug 29, 2012 9:03am
Quoting redbeben
no confirmation yet.It might go down to retest the daily low

1.5814 then 1.5808 and 1.5802

booriinngggg
either we see 1.5830 or 1.5802 and lower

thank God I did not trade GU today

buy buy buy buy
sell sell sell sell

WTF
  • #322,997
  • Aug 29, 2012 9:09am Aug 29, 2012 9:09am
Quoting redbeben
I might long @ 1.5814 TP1 1.5830

TP2 1.5850

this looks better and better but I'll only jump if I have confirmation
done.
  • #322,998
  • Aug 29, 2012 9:12am Aug 29, 2012 9:12am
Quoting gavalar
think we will see 1.5816 before any movement back up. Will look to re-enter long there
Well thats worked so far 35 pips tp on way down. now long @ 1.582 sl 1.581looking for 1.585
  • #322,999
  • Aug 29, 2012 9:12am Aug 29, 2012 9:12am
all day long !!!
Exit long only if daily close below 15770
IMO
  • #323,000
  • Aug 29, 2012 9:14am Aug 29, 2012 9:14am
Quoting gavalar
Well thats worked so far 35 pips tp on way down. now long @ 1.582 sl 1.581looking for 1.585
I didn't see the dip coming so quick but nice trade, took another long there as well
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