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Cable Update (GBPUSD)

  • #386,921
  • Jul 14, 2014 7:11am Jul 14, 2014 7:11am
Quoting JimmyC
{quote} Depends on your style, how large your position size is and a few things like that... I suspect you might have sold at the low of the day... might not be but seems likely... Watch your risk / position size and you'll be ok... If you can hold... its in a corrective wave, you might make money yet if you can make the risk reward work.... Trade safe..
Thanks Jimmy, this is a short I took on the bull's rally, June/30. I'm sick of it

Edit: gonna hedge and wait a bit more. It's a 5.5% loss right now
  • #386,922
  • Jul 14, 2014 7:22am Jul 14, 2014 7:22am
Quoting lakhan
{quote} So we reached 7150 and now hopefully 7085.
Target reached.
  • #386,923
  • Jul 14, 2014 7:25am Jul 14, 2014 7:25am
Quoting number15
{quote} Thanks Jimmy, this is a short I took on the bull's rally, June/30. I'm sick of it Edit: gonna hedge and wait a bit more. It's a 5.5% loss right now
Hmmmm.... -5.5%? Sounds a bit overleveraged to me. June 30 low was 7010ish and high was 7114ish. Where we're at now 7080ish, even a short at the low shouldn't have you down that far.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh1.png Size: 77 KB
Ghost Rider - WWTBMD?
  • #386,924
  • Jul 14, 2014 7:27am Jul 14, 2014 7:27am
Most of trader in this thread profit today.... thanks to all the senior XD
row row row your boat
  • #386,925
  • Jul 14, 2014 7:28am Jul 14, 2014 7:28am
Quoting albchr
{quote} Hmmmm.... -5.5%? Sounds a bit overleveraged to me. June 30 low was 7010ish and high was 7114ish. Where we're at now 7080ish, even a short at the low shouldn't have you down that far. {image}
just pulled my 2 but will be back in just taking the money
  • #386,926
  • Edited 12:01pm Jul 14, 2014 7:29am | Edited 12:01pm
Quoting cspip
Might get back upto 1.7088......but lows should be around 1.7060
Also its nicely setup up for a long from 1.7078 to first 1.7133...........for a short to 1.7060 and then to 1.7042
  • #386,927
  • Jul 14, 2014 7:34am Jul 14, 2014 7:34am
Quoting GlobalMacro
In longs here @ 1.7079 initial stop @ 1.6999 T/P: Open
hi GM,

hope you had a nice we. mine was perfect
still buying the dip? i got long @1,7083 sl 1,7053
fortis fortuna adiuvat
  • #386,928
  • Jul 14, 2014 7:40am Jul 14, 2014 7:40am
chancing a short for the cut in another 20 mins. I suspect we have a daily close of 7098. so the cut may be at that or cut may be below 7068. I am thinking the 2nd
  • #386,929
  • Jul 14, 2014 7:42am Jul 14, 2014 7:42am
you guys sure this is a chance to go short down to 169.xx? It could be a dump and pump up before tomorrows news.
  • #386,930
  • Jul 14, 2014 7:49am Jul 14, 2014 7:49am
Quoting elbert3
{quote} just pulled my 2 but will be back in just taking the money
Nice!
Still on track to test broken SR 70981 ish....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh1.png Size: 68 KB
Ghost Rider - WWTBMD?
  • #386,931
  • Jul 14, 2014 7:53am Jul 14, 2014 7:53am
Quoting albchr
{quote} Nice! Still on track to test broken SR 70981 ish.... {image}
Hi AL iF it retest the SR 70981 then!!!!
  • #386,932
  • Jul 14, 2014 7:56am Jul 14, 2014 7:56am
5 mins to go to 7098 else we are heading down and making a new low
  • #386,933
  • Jul 14, 2014 8:02am Jul 14, 2014 8:02am
Quoting giveachance
5 mins to go to 7098 else we are heading down and making a new low
Hi GC if it retest 7098 then it moves down or towards 7133?
  • #386,934
  • Jul 14, 2014 8:05am Jul 14, 2014 8:05am
Although 1.7088 is done......maybe good short is from 1.7092 for 1.7060
  • #386,935
  • Jul 14, 2014 8:06am Jul 14, 2014 8:06am
Quoting Dr.Zain
{quote} Hi AL iF it retest the SR 70981 then!!!!
Well, if it tests and holds, I'll add shorts there. If it doesn't hold, I'll look to the next SR level up...etc...

At this time of day it will be hard to see now. It did take just out minor SR at 1.70844 and I'm sure will test that. But hasn't reached 1.70981 soooo.....we'll see.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh1.png Size: 71 KB
Ghost Rider - WWTBMD?
  • #386,936
  • Jul 14, 2014 8:07am Jul 14, 2014 8:07am
Quoting Dr.Zain
{quote} Hi GC if it retest 7098 then it moves down or towards 7133?
then the trend is mixed for tomorrow and data will decide. I don't think it is heading to 7098. I still think that. If it does break it may want to have a look at the sellers at 7110 and test them once.
  • #386,937
  • Jul 14, 2014 8:11am Jul 14, 2014 8:11am
Quoting albchr
{quote} Well, if it tests and holds, I'll add shorts there. If it doesn't hold, I'll look to the next SR level up...etc... At this time of day it will be hard to see now. It did take just out minor SR at 1.70844 and I'm sure will test that. But hasn't reached 1.70981 soooo.....we'll see. {image}
Thanks for the reply.7085 isn"t its near term support at which its staying now!!!!
  • #386,938
  • Jul 14, 2014 8:18am Jul 14, 2014 8:18am
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.png Size: 107 KB
on this 4 hour we can see the 50 yellow trying to cross retrace to 115 maybe ti hit the 10 ema and short from that area for me ??/
  • #386,939
  • Jul 14, 2014 8:20am Jul 14, 2014 8:20am
Quoting Dr.Zain
{quote} Thanks for the reply.7085 isn"t its near term support at which its staying now!!!!
.70842 is an SR but a very minor one as I see it. It found a small demand on the 30M at .706887 to .70770.
Weak at best but "might" be just enough to see 1.70991. Just have to wait and see. I'll likely not enter anymore positions at this time of day though.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmm30.png Size: 62 KB
Ghost Rider - WWTBMD?
  • #386,940
  • Jul 14, 2014 8:21am Jul 14, 2014 8:21am
Put short at 1.7130, we will c whether it hit or not XD
row row row your boat
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