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Cable Update (GBPUSD)

  • #324,941
  • Sep 25, 2012 2:22am Sep 25, 2012 2:22am
Quoting Davit
Sell on Cable but its weirdly going up.
I just don't understand.I suspect big money is channeling from Euro to Cable
yes possible. but the move from 1.5220 to 1.6270 is pretty sharp with no meaningful retracements.
  • #324,942
  • Sep 25, 2012 2:23am Sep 25, 2012 2:23am
Quoting gavalar
Wow, I know we were in a key area having moved off the H4 TL and that H1 seemed to be starting back into up trend but it has just smoked through any resistance there that was a sharp move up......possible stop 1.6261
it will have a hard time crossing 1.6250
  • #324,943
  • Sep 25, 2012 2:25am Sep 25, 2012 2:25am
Quoting Nachiket
yes possible. but the move from 1.5220 to 1.6270 is pretty sharp with no meaningful retracements.
I am -20pips still holding but not sure.Little nervous.I didn't expect such solid buy on Cable.
In trading, you have to be defensive and aggressive at the same time
  • #324,944
  • Sep 25, 2012 2:27am Sep 25, 2012 2:27am
Quoting PoundTrader
im short gbp/nzd at 1.9703 and 1.9778, s/l open, t/p 1.9517
ok im short gbp/nzd at 1.9739 and 1.9778 t/p 1.9517, im no longer short at 1.9703 close at 1.9680.
  • #324,945
  • Sep 25, 2012 2:29am Sep 25, 2012 2:29am
Quoting Nachiket
it will have a hard time crossing 1.6250
Maybe not. Pound just breached resistance and the dollar is...well....the dollar...LOL
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #324,946
  • Sep 25, 2012 2:29am Sep 25, 2012 2:29am
Quoting PoundTrader
ok im short gbp/nzd at 1.9739 and 1.9778 t/p 1.9517, im no longer short at 1.9703 close at 1.9680.
http://www.smileyvault.com/albums/us...12962/bubu.gif
  • #324,947
  • Sep 25, 2012 2:32am Sep 25, 2012 2:32am
Quoting Davit
I am -20pips still holding but not sure.Little nervous.I didn't expect such solid buy on Cable.
cable was hardly moving since 4 days and suddenly spiked.
  • #324,948
  • Sep 25, 2012 2:32am Sep 25, 2012 2:32am
Quoting Nachiket
it will have a hard time crossing 1.6250
1.6267 touched, if it carries on next 1 is 718....

not that it matters to me coz I missed it
  • #324,949
  • Sep 25, 2012 2:34am Sep 25, 2012 2:34am
she's moving now boys
  • #324,950
  • Sep 25, 2012 2:34am Sep 25, 2012 2:34am
Quoting PoundTrader
http://www.smileyvault.com/albums/us...12962/bubu.gif
I should a stayed there myself.

By the way, congrats and good luck on the business, I'm sure you will do brilliant.
  • #324,951
  • Sep 25, 2012 2:34am Sep 25, 2012 2:34am
I'm preparing to short GU @ 1.6270-80 area but no confirmation yet
  • #324,952
  • Sep 25, 2012 2:34am Sep 25, 2012 2:34am
Quoting Nachiket
cable was hardly moving since 4 days and suddenly spiked.
i know, crazy aint it
  • #324,953
  • Sep 25, 2012 2:34am Sep 25, 2012 2:34am
Quoting gavalar
I should a stayed there myself.

By the way, congrats and good luck on the business, I'm sure you will do brilliant.
thanks
  • #324,954
  • Sep 25, 2012 2:36am Sep 25, 2012 2:36am
Quoting redbeben
I'm preparing to short GU @ 1.6270-80 area but no confirmation yet
I'm in for 6245..but it is risky this one
  • #324,955
  • Sep 25, 2012 2:38am Sep 25, 2012 2:38am
short 1.6263 - SL 1.6310 it seems like she cant cross 67 area
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #324,956
  • Sep 25, 2012 2:39am Sep 25, 2012 2:39am
Quoting redbeben
I'm preparing to short GU @ 1.6270-80 area but no confirmation yet
yep, going to have to wait for the retrace and signal of next move.


only thing is this this is a higher high on h1 and any retrace will possibly only be the next higher low...who knows yet
  • #324,957
  • Sep 25, 2012 2:41am Sep 25, 2012 2:41am
Quoting PoundTrader
she's moving now boys
relax relax thats how it moves. no need to panic. the move from 1.63 to 1.52 didn't it surprise you all. I opened a new short @1.6263
  • #324,958
  • Sep 25, 2012 2:42am Sep 25, 2012 2:42am
Quoting gavalar
1.6267 touched, if it carries on next 1 is 718....

not that it matters to me coz I missed it

are u new to cable trading? see it makes a panic high and almost retraces the entire move.
  • #324,959
  • Sep 25, 2012 2:45am Sep 25, 2012 2:45am
sold EU @ 1.2919 TP1 2909 tp2 2902 and tp3 2895
  • #324,960
  • Sep 25, 2012 2:47am Sep 25, 2012 2:47am
Quoting redbeben
sold EU @ 1.2919 TP1 2909 tp2 2902 and tp3 2895
SL - ?
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