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Cable Update (GBPUSD)

  • #358,161
  • Jan 12, 2014 10:05pm Jan 12, 2014 10:05pm
I doubled my long at 16459 the other day and have decided to put in a sell stop at 16490.

This way I can sleep knowing if I get stopped out I'll get stopped out at a profit. But, I'd rather we just go straight up for a few hundred pips.
  • #358,162
  • Jan 12, 2014 10:13pm Jan 12, 2014 10:13pm
Quoting Baggi
I doubled my long at 16459 the other day and have decided to put in a sell stop at 16490. This way I can sleep knowing if I get stopped out I'll get stopped out at a profit. But, I'd rather we just go straight up for a few hundred pips.
That would be very pleasant...
Come with me if you want to live....
  • #358,163
  • Jan 12, 2014 10:50pm Jan 12, 2014 10:50pm
Quoting Baggi
I doubled my long at 16459 the other day and have decided to put in a sell stop at 16490. This way I can sleep knowing if I get stopped out I'll get stopped out at a profit. But, I'd rather we just go straight up for a few hundred pips.
Cable daily and weekly. I do not think it will go up much any more.

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,164
  • Jan 13, 2014 12:48am Jan 13, 2014 12:48am
I'm out for now.

I'll put in some purchase orders for while I sleep. Small amounts, in hopes we drop during London open and come back up later in the day.
  • #358,165
  • Jan 13, 2014 1:54am Jan 13, 2014 1:54am
Quoting ffleo
{quote} Cable daily and weekly. I do not think it will go up much any more. {image} {image}
rising wedge on w1 if its break out then ciao ciao, not so much space left
  • #358,166
  • Jan 13, 2014 2:04am Jan 13, 2014 2:04am
Quoting PipTrapper
{quote} Yep, sounds like a reasonable level. It would be nice if it gets down there before NY open.


I'm thinking that's where she will break this morning at LO here...
@pawpaw1000 on Twitter
  • #358,167
  • Jan 13, 2014 2:04am Jan 13, 2014 2:04am
Quoting Orientxpress
{quote} I'm very tempted to try with only 1/3 of a tier near 1.65. I stress.... 1/3 of a tier. Best r/r short is up here, despite fighting the trend if anyone willing.
morning short 1.6490 just come off 10sma targets 4712,4506,4469 then the fibs on 15min off fridays nfp
  • #358,168
  • Jan 13, 2014 2:22am Jan 13, 2014 2:22am
Got short 83 looking for 55 minimum

Initial TP at 42

EDIT... Will reather play this by ear... Thing is moving VERY Quickly
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@pawpaw1000 on Twitter
  • #358,169
  • Jan 13, 2014 2:29am Jan 13, 2014 2:29am
Quoting pawpaw1000
Got short 83 looking for 55 minimum Initial TP at 42 EDIT... Will reather play this by ear... Thing is moving VERY Quickly {image}
Out with 41 pips... Had a 4 pips sl and like I posted earlier, I am bullish so will watch PA here at my 42 level
@pawpaw1000 on Twitter
  • #358,170
  • Jan 13, 2014 2:31am Jan 13, 2014 2:31am
Quoting pawpaw1000
{quote} I'm thinking that's where she will break this morning at LO here...
Quoting pawpaw1000
{quote} Out with 41 pips... Had a 4 pips sl and like I posted earlier, I am bullish so will watch PA here at my 42 level

good call
Those who say it cannot be done should not interrupt those who are doing it
  • #358,171
  • Jan 13, 2014 2:34am Jan 13, 2014 2:34am
80% sell off my position 4305 61.8 fib
  • #358,172
  • Jan 13, 2014 2:35am Jan 13, 2014 2:35am
Quoting PipTrapper
{quote} {quote} good call
Thanks, need to stick to the plan here... She looks like she will drop more but I'm not going to give up any profits and need to stick to my plan!

Plan is UP so any shorts are just scalps... Would like to build a long position today and add on the way up.

We are at my levels now.... Let's see what the bulls can bring?
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@pawpaw1000 on Twitter
  • #358,173
  • Jan 13, 2014 2:43am Jan 13, 2014 2:43am
Quoting pawpaw1000
{quote} Thanks, need to stick to the plan here... She looks like she will drop more but I'm not going to give up any profits and need to stick to my plan! Plan is UP so any shorts are just scalps... Would like to build a long position today and add on the way up. We are at my levels now.... Let's see what the bulls can bring? {image}
I cannot see it going lower than 6395 by extension, but it is Monday London session.
As I said earlier, NY open is my preferred time for longing this pair.
Those who say it cannot be done should not interrupt those who are doing it
  • #358,174
  • Jan 13, 2014 2:48am Jan 13, 2014 2:48am
Quoting PipTrapper
{quote} I cannot see it going lower than 6395 by extension, but it is Monday London session. As I said earlier, NY open is my preferred time for longing this pair.


Looks like we are going to 6400...

Loving this PA, great lesson for me! The great question of judging momentum vs Technical analysis? This break went 46 pips in 15min straight into my supply levels and TL's. Question now is will those levels hold or should the strong momentum of the move be regarded as overwhelming those levels and so take priority.

Trading is unbelievably interesting! She will give us the answer soon I guess, for the moment, momentum has us!

EDIT: Touched my level to the pip at 6422, now what will it do?
@pawpaw1000 on Twitter
  • #358,175
  • Jan 13, 2014 2:48am Jan 13, 2014 2:48am
morning all -interesting PA looks like more than a p/b from where I'm sitting
  • #358,176
  • Jan 13, 2014 2:52am Jan 13, 2014 2:52am
Quoting pawpaw1000
{quote} Out with 41 pips... Had a 4 pips sl and like I posted earlier, I am bullish so will watch PA here at my 42 level
carefull it does not go short again i just took all profit scalp back to 4405 or a bit more then i think short again
  • #358,177
  • Jan 13, 2014 2:53am Jan 13, 2014 2:53am
Quoting chazzle
morning all -interesting PA looks like more than a p/b from where I'm sitting


That's exactly what they want you to see ;-)
@pawpaw1000 on Twitter
  • #358,178
  • Jan 13, 2014 2:54am Jan 13, 2014 2:54am
That's my boy

55 DMA gone.. 100 DMA gone... 200 DMA is next target if that holds like it did 3 days earlier then Cable can take a deep breath otherwise downside looks terrible...

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  • #358,179
  • Jan 13, 2014 2:57am Jan 13, 2014 2:57am
Quoting Forexgain
That's my boy 55 DMA gone.. 100 DMA gone... 200 DMA is next target if that holds like it did 3 days earlier then Cable can take a deep breath otherwise downside looks terrible... {image}


Hope you have a way of protecting those profits my friend
@pawpaw1000 on Twitter
  • #358,180
  • Jan 13, 2014 2:58am Jan 13, 2014 2:58am
Quoting pawpaw1000
{quote} That's exactly what they want you to see ;-)
sneaky bastards ... however ... can't be long till that momentum is reversed ... bearish unless 450 comfortably re-taken ... then neutral till 470
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