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Cable Update (GBPUSD)

  • #360,081
  • Jan 23, 2014 1:06am Jan 23, 2014 1:06am
massive opportunity in the Gbp crosses...very rarely do you see all the ducks line up and when they do you better be ready. geppy is trending up and just finished retracing ...Cable might come down a little so buying the dip will be perfect. Eur/Gbp trending downwards confiming our trending bias (all you counter trend traders take note hehehe) Anyway umm i have entries for pound yen , will be watching the cable closely. cheers
  • #360,082
  • Jan 23, 2014 1:18am Jan 23, 2014 1:18am
Quoting Davit
{quote} My G/CHF short is doing fine +22 pips and counting

yeah cheers mate
  • #360,083
  • Jan 23, 2014 1:27am Jan 23, 2014 1:27am
what do you expect from UK Retail sales? will GU go up again? i am short from 1.64xxx... please suggest me what to do buy pending for 40 to 50 pips or stay short or what else? please please help me
  • #360,084
  • Jan 23, 2014 1:27am Jan 23, 2014 1:27am
Quoting IveGotQuads
im officially a bullish bear !!!
lol, trend is still up http://www.easyfreesmileys.com/smileys/dancing-baby.jpg
  • #360,085
  • Jan 23, 2014 1:28am Jan 23, 2014 1:28am
Quoting xetrader
what do you expect from UK Retail sales? will GU go up again? i am short from 1.64xxx... please suggest me what to do buy pending for 40 to 50 pips or stay short or what else? please please help me
You know you're desperate when you ask the FF community for financial advice
  • #360,086
  • Jan 23, 2014 1:29am Jan 23, 2014 1:29am
Got a word off the feed of a barrier at 1.6625 to be defended if price nears. Buy stops above 1.6600 and above the barrier.

GBPUSD – Offers under 1.6600, buy stops upon a break. Barrier option w/ related orders at 1.6625
  • #360,087
  • Jan 23, 2014 1:32am Jan 23, 2014 1:32am
Quoting EmeraldEyes
{quote} You know you're desperate when you ask the FF community for financial advice
http://www.easyfreesmileys.com/smileys/lol-049.gif
  • #360,088
  • Jan 23, 2014 1:34am Jan 23, 2014 1:34am
lets see if bears protects that 1.657x level today..
Patience is a virtue...
  • #360,089
  • Jan 23, 2014 1:35am Jan 23, 2014 1:35am
Quoting xetrader
what do you expect from UK Retail sales? will GU go up again? i am short from 1.64xxx... please suggest me what to do buy pending for 40 to 50 pips or stay short or what else? please please help me

As far as I am aware you can't buy while you are short in US regulated broker.To go long you must take the loss.
I can't advise you what to do with your money but if it makes you feel better I have 12 shorts on GU
Next time trade smaller lots until you know what you are doing.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #360,090
  • Jan 23, 2014 1:38am Jan 23, 2014 1:38am
Quoting Davit
{quote} As far as I am aware you can't buy while you are short in US regulated broker.To go long you must take the loss. I can't advise you what to do with your money but if it makes you feel better I have 12 shorts on GU Next time trade smaller lots until you know what you are doing. Regards

Yes, you can short and long simultaneously. I do it all the time.
  • #360,091
  • Jan 23, 2014 1:40am Jan 23, 2014 1:40am
Quoting Baggi
{quote} Yes, you can short and long simultaneously. I do it all the time.

Then you must not have a US regulated broker.I have 2 US regulated brokers and both don't allow it.Basically its hedging and hedging not allowed in US in same orders.Sad but true.
In trading, you have to be defensive and aggressive at the same time
  • #360,092
  • Jan 23, 2014 1:42am Jan 23, 2014 1:42am
Will it drop at London open like it has the past few days? Hopefully some good US news too - i see us going down today, but could be wrong (usually am just lately!)
  • #360,093
  • Jan 23, 2014 1:43am Jan 23, 2014 1:43am
50pip drop on G/CHF in 2hours
Anyone took this trade?
In trading, you have to be defensive and aggressive at the same time
  • #360,094
  • Jan 23, 2014 1:52am Jan 23, 2014 1:52am
Quoting PoundTrader
{quote} {image}
Yeah we all been there

We all been waiting for the EUR/US

to drop its load.

You could long or do a we hedge

another pair.

Making decisions under panic mode

normally costs you.:nerd:
Attached Image
  • #360,095
  • Jan 23, 2014 1:55am Jan 23, 2014 1:55am
Quoting xetrader
what do you expect from UK Retail sales? will GU go up again? i am short from 1.64xxx... please suggest me what to do buy pending for 40 to 50 pips or stay short or what else? please please help me
although my cable-sentiment is bullish and the chart looks like an easy to play buy the dip scheme, i know things can change anytime. no one knows the future.
i´m a risk averse trader. therefore, i obey to my rools: never take overnight risk. never take a position before important news release. never increase a position, never increase sl.
good luck!
fortis fortuna adiuvat
  • #360,096
  • Jan 23, 2014 1:56am Jan 23, 2014 1:56am
People are already buying the Euro , perhaps they know something we dont. In any event I have some orders in the Geppy and i would take it regardless of Eur news on not
  • #360,097
  • Jan 23, 2014 1:57am Jan 23, 2014 1:57am
Quoting Davit
50pip drop on G/CHF in 2hours Anyone took this trade?
This was i was waiting for
My buy limit triggered ~5064, SL 5013.

I am not your enemies. i just have other strategy

Good luck!
Anything is math!
  • #360,098
  • Jan 23, 2014 1:58am Jan 23, 2014 1:58am
Quoting Davit
50pip drop on G/CHF in 2hours Anyone took this trade?

bravo... good call ..yes I shorted at 1.5115
  • #360,099
  • Jan 23, 2014 1:59am Jan 23, 2014 1:59am
Quoting Kajos2250
{quote} This was i was waiting for My buy limit triggered ~5064, SL 5013. I am not your enemies. i just have other strategy Good luck!
Add one more ~5028...
Anything is math!
  • #360,100
  • Jan 23, 2014 2:01am Jan 23, 2014 2:01am
Quoting rambo12
{quote} bravo... good call ..yes I shorted at 1.5115

well done! +75 pips Moved my SL to 1.5050 and moving down every 10pips once I get enough distance.
In trading, you have to be defensive and aggressive at the same time
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