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Cable Update (GBPUSD)

  • #390,241
  • Jul 31, 2014 3:03am Jul 31, 2014 3:03am
Put in a pending short order at 1.69098
SL @ 1.69296
TP @ 1.68702

As I confirmed yesterday, I am upping my risk to 3% to make 6%. Will cancelled order if its not taken in the next 4 hours.

With that said, now that its done...Back to bed.
  • #390,242
  • Jul 31, 2014 3:08am Jul 31, 2014 3:08am
Quoting OnlineAddict
Closed my short +20 at 6895...I don't like what euro is doing...might try long from below 69 again...waiting some more.
No LONG for me till 1.6786
A good trader follows his rules, but great trader knows when to break them
  • #390,243
  • Jul 31, 2014 3:09am Jul 31, 2014 3:09am
Quoting OnlineAddict
Closed my short +20 at 6895...I don't like what euro is doing...might try long from below 69 again...waiting some more.
well done 3400 might stop the up ..
  • #390,244
  • Jul 31, 2014 3:13am Jul 31, 2014 3:13am
Quoting Greener
{quote} I expect 16870 soon...but I will be out at 16882 as anticipated. Breakout was clear...I would have had some doubt if Asian session had brought cable above 16940 but it didn't so...bearish continuation for a while..usdcad also taking off towards 1.1
I am done for today...see you later
  • #390,245
  • Jul 31, 2014 3:14am Jul 31, 2014 3:14am
Quoting elbert3
{quote} well done 3400 might stop the up ..
let the 5 min candle close if ti stays red
  • #390,246
  • Jul 31, 2014 3:15am Jul 31, 2014 3:15am
Perfect touch of 68811. Don't think it will stop it for long though.
Ghost Rider - WWTBMD?
  • #390,247
  • Jul 31, 2014 3:19am Jul 31, 2014 3:19am
Quoting albchr
Perfect touch of 68811. Don't think it will stop it for long though.
morning Al the tl now i think
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  • #390,248
  • Jul 31, 2014 3:23am Jul 31, 2014 3:23am
Quoting elbert3
{quote} morning Al the tl now i think {image}
Morning Billy. Don't know what price your TL is at but I see space to 1.68207 ... next stop.
Ghost Rider - WWTBMD?
  • #390,249
  • Jul 31, 2014 3:24am Jul 31, 2014 3:24am
Good Morning Forex Factory Member and Guests

I remain Short

HDA OUT
  • #390,250
  • Jul 31, 2014 3:24am Jul 31, 2014 3:24am
GBPUSD drops to test a very important support comprising of the lower trend-line support of a medium-term ascending channel and 100-day SMA.
Moreover, daily RSI has dropped below 30.
Can the pair witness some pull-back from current levels...???
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  • #390,251
  • Jul 31, 2014 3:26am Jul 31, 2014 3:26am
Quoting albchr
{quote} Morning Billy. Don't know what price your TL is at but I see space to 1.68207 ... next stop.
i just watch it if it hits AL, looking to pp on the fib 882, 6700 is on the cards if ti breaks,, i posted to bones last night about the big curve on the day chart ,,
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  • #390,252
  • Jul 31, 2014 3:27am Jul 31, 2014 3:27am
Quoting HDA
Good Morning Forex Factory Member and Guests I remain Short HDA OUT
... Have you tried growth hormones?

I'm SORRY HDA... I just couldn't resist ....
Ghost Rider - WWTBMD?
  • #390,253
  • Jul 31, 2014 3:29am Jul 31, 2014 3:29am
may see a bounce at 1.6861
  • #390,254
  • Jul 31, 2014 3:30am Jul 31, 2014 3:30am
Quoting elbert3
{quote} i just watch it if it hits AL, looking to pp on the fib 882, 6700 is on the cards if ti breaks,, i posted to bones last night about the big curve on the day chart ,,{image}
Yes, I guess I should have specified. "Next stop" is not scalpers next stop, or overall next stop.
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Ghost Rider - WWTBMD?
  • #390,255
  • Jul 31, 2014 3:32am Jul 31, 2014 3:32am
Quoting albchr
{quote} ... Have you tried growth hormones? I'm SORRY HDA... I just couldn't resist ....
@albchr:

I am growing while I'm short - MY ACCOUNT

Remember, I moved from being 145pips in the red to now 475pips in the GREEN and counting.

Remember 1.6850 Options Expiry Today, will limit the down fall until 10am eastern, but if we push through 1.6850 before 10am eastern, then WATCH OUT 1.6760 - I would be waiting patiently


HDA OUT
  • #390,256
  • Jul 31, 2014 3:34am Jul 31, 2014 3:34am
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  • #390,257
  • Jul 31, 2014 3:35am Jul 31, 2014 3:35am
Quoting HDA
{quote} @albchr: I am growing while I'm short - MY ACCOUNT Remember 1.6850 Options Expiry Today, will limit the down fall until 10am eastern, but if we push through 1.6850 before 10am eastern, then WATCH OUT 1.6760 - I would be waiting patiently HDA OUT
... ...
Ghost Rider - WWTBMD?
  • #390,258
  • Jul 31, 2014 3:38am Jul 31, 2014 3:38am
As long as it closes above 1.6870 daily. I will remain long in this pair.
  • #390,259
  • Jul 31, 2014 3:39am Jul 31, 2014 3:39am
Quoting albchr
{quote} ... ...

@albchr:


When or IF the trade closes at 1.6760 - I would have moved from 145pips in the red to 715pips in the GREEN


Let's See What Happens



HDA OUT
  • #390,260
  • Jul 31, 2014 3:40am Jul 31, 2014 3:40am
Quoting HDA
Good Morning Forex Factory Member and Guests I remain Short HDA OUT
I give you the credit of being short before the uptrend was broken. Now it's much easier to be short...
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