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Cable Update (GBPUSD)

  • #360,161
  • Jan 23, 2014 5:34am Jan 23, 2014 5:34am
6607 in 6592 sold could be in a start of a range, long 6598
  • #360,162
  • Jan 23, 2014 5:34am Jan 23, 2014 5:34am
Quoting GlobalMacro
{quote} Alright... I'm looking to close the long position... Setting T/P limit @ 1.6605 LONG @ 1.6349 Profit Protection Stop : 1.6549 T / P : 1.6605

I,m sure there will be a few profits taken in at this level.
  • #360,163
  • Jan 23, 2014 5:36am Jan 23, 2014 5:36am
Quoting ffleo
expected 28 and real is 14, that is a lot miss and it became non-event. what if expect 14 and turned out 28? it will be guaranteed a big spike up. the the question is how will it ignore the fundamental now? why fundamental did not work now? why fundamental will work when they need it to be in their direction? if fundamental is not in their direction, just totally ignore it?
Read this...

http://www.cbi.org.uk/media-centre/p...growth-modest/

Seems to explain most points
  • #360,164
  • Jan 23, 2014 5:37am Jan 23, 2014 5:37am
Quoting Griffo
Now to wait for US unemployment claims...
bad US data it is guaranteed a big spike up. good US data will become a non-event.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #360,165
  • Jan 23, 2014 5:39am Jan 23, 2014 5:39am
shorting cable - looking for 580 ...
  • #360,166
  • Jan 23, 2014 5:40am Jan 23, 2014 5:40am
Quoting ffleo
{quote} bad US data it is guaranteed a big spike up. good US data will become a non-event.
If the data is as forcast, we should see a spike up then, as it is more than the previous figures?
  • #360,167
  • Jan 23, 2014 5:43am Jan 23, 2014 5:43am
let us see this drop to 6523 and wait wether it can go far up again.
Keep the Lights on then you can catch the rise from the dark.
  • #360,168
  • Jan 23, 2014 5:43am Jan 23, 2014 5:43am
Quoting JimmyC
{quote} Nice trade GM, well done on locking those profits.
Thanks Jimmy.

Still waiting to get the T/P limit filled @ 1.6605 tho....They dropped it the minute I wrote it....
Hear the music before the song is over ...
  • #360,169
  • Jan 23, 2014 5:47am Jan 23, 2014 5:47am
Quoting squawk
{quote} I,m sure there will be a few profits taken in at this level.
Yup, definitely not a bad place to take profits.
Hear the music before the song is over ...
  • #360,170
  • Jan 23, 2014 5:52am Jan 23, 2014 5:52am
Quoting GlobalMacro
{quote} Alright... I'm looking to close the long position: Setting T/P limit @ 1.6605 LONG @ 1.6349 Profit Protection Stop : 1.6549 T / P : 1.6605
Oh , right......

Lowering T/P limit @ 1.6590

let's see if they fil...
Hear the music before the song is over ...
  • #360,171
  • Jan 23, 2014 5:54am Jan 23, 2014 5:54am
Quoting Griffo
{quote} If the data is as forcast, we should see a spike up then, as it is more than the previous figures?
bad us data, dollar drop, cable up.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #360,172
  • Jan 23, 2014 5:58am Jan 23, 2014 5:58am
Quoting ffleo
{quote} bad us data, dollar drop, cable up.
dont see such spike farther than 6630/6672 waiting on shorting there
Keep the Lights on then you can catch the rise from the dark.
  • #360,173
  • Jan 23, 2014 6:00am Jan 23, 2014 6:00am
Quoting ffleo
{quote} bad us data, dollar drop, cable up.
How come good US data will be a non-event?
  • #360,174
  • Jan 23, 2014 6:00am Jan 23, 2014 6:00am
looking good...
Hear the music before the song is over ...
  • #360,175
  • Jan 23, 2014 6:03am Jan 23, 2014 6:03am
Quoting Griffo
{quote} How come good US data will be a non-event?
because people will turn it into a non-event by ignoring it.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #360,176
  • Jan 23, 2014 6:03am Jan 23, 2014 6:03am
Quoting elbert3
6607 in 6592 sold could be in a start of a range, long 6598
long again 6582 32%fib
  • #360,177
  • Jan 23, 2014 6:05am Jan 23, 2014 6:05am
Quoting elbert3
{quote} long again 6582 32%fib
I am in
  • #360,178
  • Jan 23, 2014 6:08am Jan 23, 2014 6:08am
Quoting GlobalMacro
looking good...
were on stage 3 on the 4h next stop 6683---70
  • #360,179
  • Jan 23, 2014 6:08am Jan 23, 2014 6:08am
Quoting GlobalMacro
Still bullish....just a spike down. Looking to buy: BUY LIMIT : 1.6349 S / L : 1.6287 T / P : OPEN

Quoting GlobalMacro
{quote} Alright... I'm looking to close the long position: Setting T/P limit @ 1.6605 LONG @ 1.6349 Profit Protection Stop : 1.6549 T / P : 1.6605
Quoting GlobalMacro
{quote} Oh , right...... Lowering T/P limit @ 1.6590 let's see if they fil...
OK. Offered. Deal Done.

Cable now 1.6597 = T/P limit filled @ 1.6590

Long position from 1.6349 closed & Profits booked for +241 pips .

My Position Is All F L A T now.



GBP/USD - H8
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Hear the music before the song is over ...
  • #360,180
  • Jan 23, 2014 6:09am Jan 23, 2014 6:09am
watch E/G around 8160/8170. that is going to determine where cable is going in following weeks.
ignore wackos and psychos, including myself. But I can't add myself to iggy
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