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Cable Update (GBPUSD)

  • #381,061
  • Jun 9, 2014 11:29am Jun 9, 2014 11:29am
Since I trade short term and at levels and use a strict set of rules for entering and exiting trades what happens in the long run is of no consequence to me. All that can happen is a predetermined low risk stop loss gets taken out. But with that said I still feel The Euro will go down.
  • #381,062
  • Jun 9, 2014 11:32am Jun 9, 2014 11:32am
Quoting irongoose
Since I trade short term and at levels and use a strict set of rules for entering and exiting trades what happens in the long run is of no consequence to me. All that can happen is a predetermined low risk stop loss gets taken out. But with that said I still feel The Euro will go down.
If you use SL, you are safe...I don't...I don't want to wake up one day being short on euro, just to see it spiked 200 pips up. Thats more likely, than a big spike down. If I was a swing trader, I would target 1.55, with a SL below 1.24.
Everyone can see the chart, but only a few can actually read it.
  • #381,063
  • Jun 9, 2014 11:39am Jun 9, 2014 11:39am
Have a short signal from am .. busy day though.. so staying long for the mo .. famous last words hey .. oh and mind that iceberg over there captain .. greetings both AL and E.. now if only u guys could see what i am seeing .. would definatley put a smile on both of your faces.. pair of aces .. now there is a clue if ever .. have a good one ..
  • #381,064
  • Jun 9, 2014 11:41am Jun 9, 2014 11:41am
Quoting OnlineAddict
{quote} If you use SL, you are safe...I don't...I don't want to wake up one day being short on euro, just to see it spiked 200 pips up. Thats more likely, than a big spike down. If I was a swing trader, I would target 1.55, with a SL below 1.24.
When I first started trading I wasn't using stop losses and did well for a while doing that until price advanced to far on me one particular time and never returned to those levels since and I lost a bundle of money!! And that was real money also!

Since then I've been taught how to trade and have a strategy I follow and manage risk much better and I wouldn't even think about trading now without stop losses!
  • #381,065
  • Jun 9, 2014 11:42am Jun 9, 2014 11:42am
Quoting DerekTrotter
Have a short signal from am .. busy day though.. so staying long for the mo .. famous last words hey .. oh and mind that iceberg over there captain .. greetings both AL and E.. now if only u guys could see what i am seeing .. would definatley put a smile on both of your faces.. pair of aces .. now there is a clue if ever .. have a good one ..
Greetings dell, I'd rather 2 pair.....of aces. Hope you had a great weekend.
Ghost Rider - WWTBMD?
  • #381,066
  • Jun 9, 2014 11:48am Jun 9, 2014 11:48am
1.6770 is all what I want..am I asking so much? :/ But as i know market, it will go against me :/
  • #381,067
  • Jun 9, 2014 11:53am Jun 9, 2014 11:53am
Quoting Nan-ook
1.6770 is all what I want..am I asking so much? :/ But as i know market, it will go against me :/
personally i would say yes give it some time.. but thats just a personal opinion .. for what its worth ..
  • #381,068
  • Jun 9, 2014 11:54am Jun 9, 2014 11:54am
Quoting onlineaddict
{quote} i think bears have 1 more hour to break 80, tops. If not, they might give up for today and bulls take over to finish the day. If long, then a spike to 1.6817-20 is the most that can happen, i guess.
pp out 96 while picking the wife up total pips today 55 and 2 pips on fridays?? Not really worth the mention, i have still 2 at 725 but all profit in the account for them as there were left over from last week
  • #381,069
  • Jun 9, 2014 11:55am Jun 9, 2014 11:55am
Quoting derektrotter
{quote} personally i would say yes give it some time.. But thats just a personal opinion .. For what its worth ..
dell boy good afternoon???
  • #381,070
  • Jun 9, 2014 11:55am Jun 9, 2014 11:55am
Quoting albchr
{quote} Greetings dell, I'd rather 2 pair.....of aces. Hope you had a great weekend.
For sure Al .. sitting here on an island in the suuny Med.. what more can anyone ask for .. have a good week play catch up in a few days or so ..
  • #381,071
  • Jun 9, 2014 11:55am Jun 9, 2014 11:55am
Quoting DerekTrotter
{quote} personally i would say yes give it some time.. but thats just a personal opinion .. for what its worth ..
Summary, first 50 pips up and then maybe my wish?
  • #381,072
  • Jun 9, 2014 11:57am Jun 9, 2014 11:57am
Looks like 798 is resistance now pity i was taken out,, better safe than sorry with profit back in now some where
  • #381,073
  • Jun 9, 2014 11:58am Jun 9, 2014 11:58am
Quoting elbert3
looks like 798 is resistance now pity i was tak en out,, better safe than sorry with profit back in now some where
jumped in 39 looks good to carry on ,
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HOPEFULLY NO 68 NOW
  • #381,074
  • Jun 9, 2014 11:58am Jun 9, 2014 11:58am
Quoting elbert3
{quote} dell boy good afternoon???
E nice one.. Well i did say i would pop up here and there.. lol just going of the radar now for a few days.. have a great week and play catch up laters.. Long or short well i am just working out a scalping system can u believe it on the one hour chart so next week should be fun .. luv the 4 hour but fancy a change.. still long but watching the down move when i can.. oh must dash girls are calling for me yet again.. what a life..
  • #381,075
  • Jun 9, 2014 12:09pm Jun 9, 2014 12:09pm
Good evenin' dear fellows

This is my updated view on cable. I did not say much today cause I'm patiently waiting for a selloff while the price is contained within the downtrend channel. I would like to have enough patience to close my shorts when the pair reaches the lower part of the channel (1.65ish). For the moment, in my humble opinion, the upper line of the channel has been nicely rejected.
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  • #381,076
  • Jun 9, 2014 12:35pm Jun 9, 2014 12:35pm
Quoting DerekTrotter
{quote} E nice one.. Well i did say i would pop up here and there.. lol just going of the radar now for a few days.. have a great week and play catch up laters.. Long or short well i am just working out a scalping system can u believe it on the one hour chart so next week should be fun .. luv the 4 hour but fancy a change.. still long but watching the down move when i can.. oh must dash girls are calling for me yet again.. what a life..
Where in Span are you Derek?? thinking of moving to Malaga next year myself
  • #381,077
  • Jun 9, 2014 12:37pm Jun 9, 2014 12:37pm
Quoting Kajos2250
GU H4 GMT+3 Buy stop a little above MPP .6714. Invalidation if price could close under ~6782... Good luck! {image} {image}
GU H4 GMT+3

.6792 one more long added, and another buy stop .6821.
Invalidation stayed, if price could close under ~6782...

Good luck!
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Anything is math!
  • #381,078
  • Jun 9, 2014 1:16pm Jun 9, 2014 1:16pm
Quoting RussJ
{quote} Where in Span are you Derek?? thinking of moving to Malaga next year myself
Just sent u a PM Russ ..
  • #381,079
  • Jun 9, 2014 1:28pm Jun 9, 2014 1:28pm
Quoting DerekTrotter
{quote} Just sent u a PM Russ ..

just responded, thansk
  • #381,080
  • Jun 9, 2014 1:38pm Jun 9, 2014 1:38pm
Attached Image (click to enlarge)
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taking 90% off its seems to be running out ,, the rest target the bottom trend line to the x wee could see it break out to 55 then back in and carry on down 3490 area
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