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Cable Update (GBPUSD)

  • #326,961
  • Oct 16, 2012 8:13am Oct 16, 2012 8:13am
Quoting Freshpips
Test 1.6132 again then drop.

Please.

its not an ordinary resistance..should work..and make a very good place for short, problem with trading u never know exactly where the limits are and if price will get there....i have been building to that area..but its the line in the sand for me
  • #326,962
  • Oct 16, 2012 8:15am Oct 16, 2012 8:15am
6102 and 6080 in play.

below 6080 same old targets

just don't count it as a signal....I'm in from 6030 from a pending sell but don't like the moves today.

resignations...bleah

merkel ..double bleah

nothing seems right

and I have to stress about the time span of 1.5900 so don't get too cocky with 1.5800 or 1.5900 unless we see a strong rejection up here somewhere

told you that if till last friday we don't see 1.5900 we might head up to 6350 so....just use a SL and stop adding sells over sells every 30 pips up.this will not help you...just keep it simple and real

don't aim for 5800 if you shorted @ 6130 just aim for 6080 dammit and you have 50 pips

from there you can adjust your position and trail or scale out and BE or lock some
  • #326,963
  • Oct 16, 2012 8:21am Oct 16, 2012 8:21am
chart
Attached Image (click to enlarge)
Click to Enlarge Name: SK)4~AI50D@$V7[N2}CM4[5.jpg Size: 145 KB
A chart helps those who can read it.
  • #326,964
  • Oct 16, 2012 8:24am Oct 16, 2012 8:24am
Quoting nAVIN2007
its not an ordinary resistance..should work..and make a very good place for short, problem with trading u never know exactly where the limits are and if price will get there....i have been building to that area..but its the line in the sand for me
Couldnt agree more Nav...

first position this morning short from 1.6103 closed for +28.

Rentered @ 1.6115 off the first rejection from 1.6118, currently underwater...

Looking to add to positon, possibly around 1.6130 but still unsure whether to hold out for 1.614x
  • #326,965
  • Oct 16, 2012 8:26am Oct 16, 2012 8:26am
Guys look at UCAD... that baby is going to get back up to 0.9990
Too bad i didnt hold my long on that thing a little longer....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,966
  • Oct 16, 2012 8:27am Oct 16, 2012 8:27am
Quoting redbeben
6102 and 6080 in play.

below 6080 same old targets

just don't count it as a signal....I'm in from 6030 from a pending sell but don't like the moves today.

resignations...bleah

merkel ..double bleah

nothing seems right
re somewhere

told you that if till last friday we don't see 1.5900 we might head up to 6350 so....just use a SL and stop adding sells over sells every 30 pips up.this will not help you...just...

dont worry man ..61.8 retrace and as far as im concerned this might be a top if it is powerfull move south will build..if we break above today high..we had it!!

but break and reject can work as well ..pin on the 1hr tells me..this is not in meh head but in da chart
  • #326,967
  • Oct 16, 2012 8:38am Oct 16, 2012 8:38am
Good day to you,

Took my profit @ 1.6100 from my previous longs entered. Now neutral.

We look to be setting up short again, but will wait for confirmation and post entry. Not confirmed.

Regards
  • #326,968
  • Oct 16, 2012 8:40am Oct 16, 2012 8:40am
my target was 1.6020 for today until the euro just zoomed past 1.3000
  • #326,969
  • Oct 16, 2012 8:41am Oct 16, 2012 8:41am
Quoting Nachiket
my target was 1.6020 for today until the euro just zoomed past 1.3000
but its not easy to take this shit down. once it falls it is hard to take it up
  • #326,970
  • Oct 16, 2012 8:59am Oct 16, 2012 8:59am
Just got out long at 1.6124 for +93
  • #326,971
  • Oct 16, 2012 9:11am Oct 16, 2012 9:11am
Quoting wasabeclaw
Just got out long at 1.6124 for +93
http://www.easyfreesmileys.com/smile...mileys-947.gif
  • #326,972
  • Oct 16, 2012 9:14am Oct 16, 2012 9:14am
Quoting PoundTrader
http://www.easyfreesmileys.com/smile...mileys-947.gif
where the hell u find these giffs from
  • #326,973
  • Oct 16, 2012 9:27am Oct 16, 2012 9:27am
down down prices go down
  • #326,974
  • Oct 16, 2012 9:30am Oct 16, 2012 9:30am
Quoting nAVIN2007
where the hell u find these giffs from
im a little busy navin il let you know when im done http://www.easyfreesmileys.com/smile...mileys-938.gif
  • #326,975
  • Oct 16, 2012 9:31am Oct 16, 2012 9:31am
Quoting wasabeclaw
down down prices go down
Keep pushing down - will see 15950 tomorrow
  • #326,976
  • Oct 16, 2012 9:32am Oct 16, 2012 9:32am
Quoting PoundTrader
http://www.easyfreesmileys.com/smile...mileys-938.gif

Unbelieveble ha ha
  • #326,977
  • Oct 16, 2012 9:32am Oct 16, 2012 9:32am
Quoting ForexRatVN
Keep pushing down - will see 15950 tomorrow

rat why?
  • #326,978
  • Oct 16, 2012 9:34am Oct 16, 2012 9:34am
Quoting PoundTrader
im a little busy navin il let you know when im done http://www.easyfreesmileys.com/smile...mileys-938.gif
this market is driving u nuts bro
  • #326,979
  • Oct 16, 2012 9:39am Oct 16, 2012 9:39am
these people in banks need to come up with new idea..aint fooling meh

very predictable

longer term 1.58
  • #326,980
  • Oct 16, 2012 9:47am Oct 16, 2012 9:47am
Quoting nAVIN2007
these people in banks need to come up with new idea..aint fooling meh

very predictable

longer term 1.58

Good work Nav

You see us retesting todays highs or not? I dont think we will, think we drop to around 1.6071/2 maybe a bounce from there but not much...
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