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Cable Update (GBPUSD)

  • #362,641
  • Feb 10, 2014 1:30am Feb 10, 2014 1:30am
Quoting Baggi
Closed my short here with 13 pips profit. Didn't mean to hold on over the weekend, but things didn't work like I planned. Tomorrow I'll look for a long entry.
Hey men its important to book early pips especially on mondays. Doesnt matter how small...its for confidence booster that translates throughout the week. goodluck !!!
  • #362,642
  • Feb 10, 2014 2:00am Feb 10, 2014 2:00am
Short order filled at 1.6420 - another at 1.6450 TP open, but targeting 1.6250 SL1.65
  • #362,643
  • Feb 10, 2014 2:02am Feb 10, 2014 2:02am
Quoting lamp
Short order filled at 1.6420 - another at 1.6450 TP open, but targeting 1.6250 SL1.65
you are in profit already
Your SL is not a good place.... Look not only important fib 61.8 but also round number
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.h4.png Size: 41 KB
In trading, you have to be defensive and aggressive at the same time
  • #362,644
  • Feb 10, 2014 2:17am Feb 10, 2014 2:17am
If fib 50% 6460 will be broken then it will end the week at 6700. If it will hit 6455 the week will end at 6170
  • #362,645
  • Feb 10, 2014 2:21am Feb 10, 2014 2:21am
Quoting Trader88q
If fib 50% 6460 will be broken then it will end the week at 6700. If it will hit 6455 the week will end at 6170
nothing in trading is certain specially predicting exact number by exact time frame.
regards
In trading, you have to be defensive and aggressive at the same time
  • #362,646
  • Feb 10, 2014 2:25am Feb 10, 2014 2:25am
Quoting Davit
{quote} nothing in trading is certain specially predicting exact number by exact time frame. regards
look i dont predicting i just creating few posibble scenarios one of those will certainlly materialize. I dont say that exactlly the same price but suppose

if it will brake 6250 the price will stop at 6200-6150 zone
if it will brake 6450 the price will stop at 6650-6700 zone

If so then we all predicting.
  • #362,647
  • Feb 10, 2014 2:28am Feb 10, 2014 2:28am
Quoting Trader88q
{quote} look i dont predicting i just creating few posibble scenarios one of those will certainlly materialize. I dont say that exactlly the same price but suppose if it will brake 6250 the price will stop at 6200-6150 zone if it will brake 6450 the price will stop at 6650-6700 zone If so then we all predicting.
To me when you frame price that way it could sabotage your trading.Price can go 1.65 61.8 fib and nose dive to 6250 never reaching 67.
In trading, you have to be defensive and aggressive at the same time
  • #362,648
  • Feb 10, 2014 2:34am Feb 10, 2014 2:34am
1.6399, 1.6387 and 1.6736 are the three levels where it was getting rejected on friday when it finally broke out.
  • #362,649
  • Feb 10, 2014 2:39am Feb 10, 2014 2:39am
Quoting giveachance
1.6399, 1.6387 and 1.6736 are the three levels where it was getting rejected on friday when it finally broke out.


1,6736 on friday?
  • #362,650
  • Feb 10, 2014 2:41am Feb 10, 2014 2:41am
Quoting Beli
{quote} 1,6736 on friday?

oops it was 1.6374. sorry for the typo. this upmove if it gets rejected here again we may not see 1.6444 for a long time.
  • #362,651
  • Feb 10, 2014 2:50am Feb 10, 2014 2:50am
morning can any body find a reason why gb went short with a bigish bear candle at 1.64258 it past the 38fib line it was not on a trend line there was no news event . just put a short order 63969 for a 25 pip move
  • #362,652
  • Feb 10, 2014 3:05am Feb 10, 2014 3:05am
Quoting elbert3
morning can any body find a reason why gb went short with a bigish bear candle at 1.64258 it past the 38fib line it was not on a trend line there was no news event . just put a short order 63969 for a 25 pip move
GU H1

s/r
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.PNG Size: 34 KB
  • #362,653
  • Feb 10, 2014 3:14am Feb 10, 2014 3:14am
Quoting chazzle
{quote} GU H1 s/r {image}
i dont think so chazzle, with respect
  • #362,654
  • Feb 10, 2014 3:16am Feb 10, 2014 3:16am
Quoting elbert3
{quote} i dont think so chazzle, with respect
no problem
  • #362,655
  • Feb 10, 2014 3:18am Feb 10, 2014 3:18am
was looking to sell sterling on a bounce to 6420, seems like that ship has sailed...think I will try shorts at 6407, and risk 6417, try for 6367...
Look Sharp/Trade Tight
  • #362,656
  • Feb 10, 2014 3:22am Feb 10, 2014 3:22am
6365 is weekly pivot.Break of this is important for Bears
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.h4.png Size: 31 KB
In trading, you have to be defensive and aggressive at the same time
  • #362,657
  • Feb 10, 2014 3:23am Feb 10, 2014 3:23am
perhaps 6300/40 will be an area that I might look for long scapls...
Look Sharp/Trade Tight
  • #362,658
  • Feb 10, 2014 3:24am Feb 10, 2014 3:24am
Quoting PayTheLimit
was looking to sell sterling on a bounce to 6420, seems like that ship has sailed...think I will try shorts at 6407, and risk 6417, try for 6367...
GU M15

367 could well be a bear tg - waiting to long in that area, myself - 364 is the Friday/today ( so far) mid, 200ema in the area , also pre-nfp high... was considering 384 - but we dropped a bit too strongly into this level for my liking
Attached Image (click to enlarge)
Click to Enlarge Name: gum15.PNG Size: 42 KB
  • #362,659
  • Feb 10, 2014 3:31am Feb 10, 2014 3:31am
Quoting chazzle
{quote} GU M15 367 could well be a bear tg - waiting to long in that area, myself - 364 is the Friday/today ( so far) mid, 200ema in the area , also pre-nfp high... was considering 384 - but we dropped a bit too strongly into this level for my liking {image}
yea, I was liking that area to cover shorts, never got them off..I think I will still sell a bounce if we get one...it seems to me on higher TFs we are pointing up, I am not sure where it would turn south, but a break of 6340 is what I am right now...that said I thing GU, EU, EY and UJ all are up against some decent resistance as of this morning...got off some nice EY shorts, so thats something..
Look Sharp/Trade Tight
  • #362,660
  • Feb 10, 2014 3:37am Feb 10, 2014 3:37am
moved SL to 6395 my 4 shorts from 64
4 Free trades now if stopped will get at least+20pips

Now that's out of the way adding more limit shorts at 6425 high and 65 61.8 fib

edit stopped out
In trading, you have to be defensive and aggressive at the same time
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