what is going on with Cable & Euro, positive news and it moves up. I just cant figure this out sometimes. (most the time)
Cable Update (GBPUSD)
Gone a bit quiet here guys!
I'm long on cable, based on the fact that although the US results were positive, the UK results are also positive and the setup on H1 and H4 look ready for a possible resumption of the very definite up-trend...
Usually as soon as I post anything here, the market swings moves completely against me and I am obliterated, so might be a good time to go short
I'm long on cable, based on the fact that although the US results were positive, the UK results are also positive and the setup on H1 and H4 look ready for a possible resumption of the very definite up-trend...
Usually as soon as I post anything here, the market swings moves completely against me and I am obliterated, so might be a good time to go short
- #355,083
- Dec 2, 2013 10:57am Dec 2, 2013 10:57am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Gone a bit quiet here guys! I'm long on cable, based on the fact that although the US results were positive, the UK results are also positive and the setup on H1 and H4 look ready for a possible resumption of the very definite up-trend... Usually as soon as I post anything here, the market swings moves completely against me and I am obliterated, so might be a good time to go short
Those who say it cannot be done should not interrupt those who are doing it
- #355,085
- Dec 2, 2013 12:50pm Dec 2, 2013 12:50pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #355,087
- Dec 2, 2013 12:53pm Dec 2, 2013 12:53pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #355,088
- Dec 2, 2013 12:54pm Dec 2, 2013 12:54pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #355,094
- Dec 2, 2013 2:02pm Dec 2, 2013 2:02pm
- | Joined Jun 2012 | Status: Trading is a mind game | 339 Posts
If you prefer to ride the bull train, it is not wise to chase the train after it leaves the station. Waiting for pullbacks are a much safer way to board the train. There have been 5 multiple attempts in the past to breach 1.6260-1.6300. The breakthrough came last week. In this situation, the pullback most likely would occur at 1.6260-1.6300. Many buy orders would then now be placed at 1.6260-1.6300. We would attempt to place our long positions here, as there would be many institutional buy orders clustering here.
LONG GBPUSD 1.6260-1.6300
SL 40pips
TP final 1.7000
LONG GBPUSD 1.6260-1.6300
SL 40pips
TP final 1.7000
- #355,095
- Dec 2, 2013 2:17pm Dec 2, 2013 2:17pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Its just resting on the 4hr 23.6fib which is the 1 hr 61.8 fib so looks strong. so if it does not push through in the next hour I will close this trade and take the pips.
It 6355 provides resistance you should be fine to hang on.
Those who say it cannot be done should not interrupt those who are doing it
- #355,096
- Edited 2:57pm Dec 2, 2013 2:25pm | Edited 2:57pm
- Joined Dec 2012 | Status: On Life's Path | 2,076 Posts
- #355,099
- Dec 2, 2013 2:58pm Dec 2, 2013 2:58pm
- Joined Dec 2012 | Status: On Life's Path | 2,076 Posts