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Cable Update (GBPUSD)

  • #348,341
  • Oct 8, 2013 6:39am Oct 8, 2013 6:39am
now i long 10/20 pip tp
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when GOD brings you a challenge he also gives you the power to deal with it
  • #348,342
  • Oct 8, 2013 6:39am Oct 8, 2013 6:39am
Good day to you,

Reduced risk during the last drop by 40%. ( closed out some). Looking to add more short on the levels indicated towards targets indicated. The US shutdown has also impacted on market information through the CME reporting system - so I do not have all the levels I normally have to base decisions on. So have to go with historical- as well as September levels to try and chip out some structure.

BE @ 1.6072 now. Will increase lot size if we go higher to take the average price up exponentially.

All the best
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  • #348,343
  • Oct 8, 2013 6:45am Oct 8, 2013 6:45am
hello
we believe in downside trend from 1.6250 check our wave analysis attached.
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  • #348,344
  • Oct 8, 2013 6:50am Oct 8, 2013 6:50am
Quoting eitan1010
now i long 10/20 pip tp{image}

...QUICKY..again
when GOD brings you a challenge he also gives you the power to deal with it
  • #348,345
  • Oct 8, 2013 6:57am Oct 8, 2013 6:57am
looking to short above 1.6150.
  • #348,346
  • Oct 8, 2013 7:02am Oct 8, 2013 7:02am
Still holding shorts. I will add 1 more short if price hits again somewhere above 6110.
TPs are below 1.60.

Might wait for this 1H to see where it tops, trying to enter as precisely as possible at top.
  • #348,347
  • Oct 8, 2013 7:04am Oct 8, 2013 7:04am
Still holding my long from beginning of september. Roughly 277 pips.
All posts are my personal opinion
  • #348,348
  • Oct 8, 2013 7:04am Oct 8, 2013 7:04am
it's SL (bear) hunting season.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #348,349
  • Oct 8, 2013 7:09am Oct 8, 2013 7:09am
Quoting Fx-gtg
looking to short above 1.6150.
I'm seeing first spot to enter short as 6115-6140, if we go through that then I agree 6150-6175
  • #348,350
  • Oct 8, 2013 7:15am Oct 8, 2013 7:15am
Had a dream of missing a big trade and low and behold missed my big 40 pips on this this morning. So crappy. Tomorrow it is!
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All posts are my personal opinion
  • #348,351
  • Oct 8, 2013 7:15am Oct 8, 2013 7:15am
Quoting edindzeko
{quote} I'm seeing first spot to enter short as 6115-6140, if we go through that then I agree 6150-6175
why are you looking to short?
  • #348,352
  • Oct 8, 2013 7:18am Oct 8, 2013 7:18am
Given the close of the 4H (hammer) the next four hours will probably be up, the PA move from mixed to quite bullish has motivated me to close my short from Friday and lock in those pips.
I'm not going to open anything new today.

G/L
  • #348,353
  • Oct 8, 2013 7:28am Oct 8, 2013 7:28am
Quoting edindzeko
{quote} I'm seeing first spot to enter short as 6115-6140, if we go through that then I agree 6150-6175
perhaps it will just test low of 61xx area..
  • #348,354
  • Oct 8, 2013 7:28am Oct 8, 2013 7:28am
Darn played the sell at 6086 almost perfect. Woke up to alerts set stops at BE but didnt take any profit. Always take profit when im up +50
  • #348,355
  • Oct 8, 2013 7:31am Oct 8, 2013 7:31am
Stay away from this pair till the U has clearer picture.
A is a good option at this point of time.
Face both Win and Lose bravely
  • #348,356
  • Oct 8, 2013 8:03am Oct 8, 2013 8:03am
Okay bought some more here. doesnt look like much holding it back. will play it up to 6127 and get it if its close backs into the 6100
All posts are my personal opinion
  • #348,357
  • Oct 8, 2013 8:27am Oct 8, 2013 8:27am
London are the greatest manipulators on the market. I am still short and will hold it. Price hardly climbs up and easily goes down.
Waiting for London to close.
  • #348,358
  • Oct 8, 2013 8:35am Oct 8, 2013 8:35am
Quoting fxmasterdxb
{quote} why are you looking to short?
EW and Gartley along with the credit analysis posted previously by JeremyWS
  • #348,359
  • Oct 8, 2013 8:41am Oct 8, 2013 8:41am
Has cable trapped or is it trapping. that's really the question.
don't long don't short. doing nothing is a certain gain
  • #348,360
  • Oct 8, 2013 8:41am Oct 8, 2013 8:41am
Quoting ravenbg
London are the greatest manipulators on the market. I am still short and will hold it. Price hardly climbs up and easily goes down. Waiting for London to close.

Feeds my longs l
All posts are my personal opinion
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