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Cable Update (GBPUSD)

  • #360,821
  • Jan 27, 2014 8:51am Jan 27, 2014 8:51am
Quoting Carlicus
{quote} I also think that being long on the top of a 5 yr range is extremely risky. There is some room for longs, but just for the short term, in my humble opinion. One must be long at support, short at resistance!

  • #360,822
  • Jan 27, 2014 8:51am Jan 27, 2014 8:51am
actually we broke last years high.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #360,823
  • Jan 27, 2014 8:53am Jan 27, 2014 8:53am
Selling progressively into the 1.660 area and buying if it holds above.
  • #360,824
  • Jan 27, 2014 8:58am Jan 27, 2014 8:58am
Quoting Tsar
{quote} {image} .... -- -- ....
Sir, T

That is perfectly OK..

Let her fly all she wants.

I time it.. I make money.. 1.5562.

Regards
  • #360,825
  • Jan 27, 2014 8:59am Jan 27, 2014 8:59am
Quoting TauTrader
{quote} Sir, T That is perfectly OK.. Let her fly all she wants. I time it.. I make money.. 1.5562. Regards
Also planning my EU short towards 1.2920

Trade well
  • #360,826
  • Jan 27, 2014 9:01am Jan 27, 2014 9:01am
I am looking to buy dips in the pair.
However, the pair has not presented me a good buying opportunity.
It keeps on rising.
I think the 1.6600 may act as a resistance in the short term.
If the pair manages to break this level, then the last high can be challenged once again.
I am waiting for a test of 1.6480 level to consider a long setup.

Cheers!
  • #360,827
  • Jan 27, 2014 9:05am Jan 27, 2014 9:05am
It is wonderful to see all the bulls.

Retail traders are good at picking direction - but only short term.

Print out this post - 1.5562

Your children may trade into this number - but it will be
  • #360,828
  • Jan 27, 2014 9:08am Jan 27, 2014 9:08am
2 Bullish HAMMER Signal & 3 White Soldier Candle in H4 Chart...

And then got BAD Report US New Home Sales...

Where is CABLE will going today ?
Always looking the GREAT, never left GOOD Point...
  • #360,829
  • Jan 27, 2014 9:11am Jan 27, 2014 9:11am
With not so stellar home sells instead of cable shooting up like it should it is stalling.Not a good sign if you are a bull
realistically who buys homes in Dec when everyone is busy with holidays.
added 2 more shorts at 6574
In trading, you have to be defensive and aggressive at the same time
  • #360,830
  • Jan 27, 2014 9:12am Jan 27, 2014 9:12am
Quoting TauTrader
{quote} Sir, T That is perfectly OK.. Let her fly all she wants. I time it.. I make money.. 1.5562. Regards
Good Night for you, Tau.

Patient is IMPORTANT !

Wait Cable touch in Price 1.6635 first / LONDON Market's closed.
Always looking the GREAT, never left GOOD Point...
  • #360,831
  • Jan 27, 2014 9:13am Jan 27, 2014 9:13am
Quoting Davit
With not so stellar home sells instead of cable shooting up like it should it is stalling.Not a good sign if you are a bull
I have this vision of making 500 k on a set of GU shorts..
  • #360,832
  • Jan 27, 2014 9:14am Jan 27, 2014 9:14am
Quoting TauTrader
{quote} I have this vision of making 500 k on a set of GU shorts..
have you already entered?
  • #360,833
  • Jan 27, 2014 9:15am Jan 27, 2014 9:15am
Quoting Tsar
{quote} {image} .... -- -- ....
http://www.easyfreesmileys.com/smile...mileys-610.gif
  • #360,834
  • Jan 27, 2014 9:18am Jan 27, 2014 9:18am
Quoting TauTrader
{quote} I have this vision of making 500 k on a set of GU shorts..

up 12% on my account shorting GU on Uptrend.Go figure

I'll just take profit on every dip
In trading, you have to be defensive and aggressive at the same time
  • #360,835
  • Jan 27, 2014 9:19am Jan 27, 2014 9:19am
Quoting lamp
{quote} have you already entered?
Sir,

Yip

Starting small though - waiting for EU to go to 1.3757..

Regards
  • #360,836
  • Jan 27, 2014 9:20am Jan 27, 2014 9:20am
Quoting TauTrader
{quote} Also planning my EU short towards 1.2920 Trade well
Not Interest with EURO, Bro. Too slowly Now

Better takea Look AUSSIE... It's Nice moved !
Always looking the GREAT, never left GOOD Point...
  • #360,837
  • Jan 27, 2014 9:22am Jan 27, 2014 9:22am
new home sales was a non-event, as expected. no more cable-trade for me today. but the dow looks interesting again:
will be short @ 15878
fortis fortuna adiuvat
  • #360,838
  • Jan 27, 2014 9:24am Jan 27, 2014 9:24am
Quoting TauTrader
{quote} Sir, Yip Starting small though - waiting for EU to go to 1.3757.. Regards

thankyou! good luck - we will all be driving Ferraris in no time
  • #360,839
  • Jan 27, 2014 9:25am Jan 27, 2014 9:25am
Quoting TauTrader
{quote} Sir, Yip Starting small though - waiting for EU to go to 1.3757.. Regards

don't overlook U/CHF longs
If you like to short EU better go long U/CHF with most brokers its cheaper margin and I like the movements better
I have limit buys at 89 88.5 88
EU-Swissy correlation is so strong that they pretty much mimic each other on opposite directions.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #360,840
  • Jan 27, 2014 9:37am Jan 27, 2014 9:37am
Quoting Davit
{quote} don't overlook U/CHF longs If you like to short EU better go long U/CHF with most brokers its cheaper margin and I like the movements better I have limit buys at 89 88.5 88 EU-Swissy correlation is so strong that they pretty much mimic each other on opposite directions. Regards
Sir, I'm good. Thank you

Regards
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