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Cable Update (GBPUSD)

  • #402,261
  • Oct 8, 2014 12:09pm Oct 8, 2014 12:09pm
Quoting ill_be_back
{quote} With you
tried it awhile ago...price has been consolidating....
  • #402,262
  • Oct 8, 2014 12:10pm Oct 8, 2014 12:10pm
Quoting mmooney
{quote} With you too tight sl @ 55
If you keep tight SL it will get HIT during NEWS
A good trader follows his rules, but great trader knows when to break them
  • #402,263
  • Oct 8, 2014 12:15pm Oct 8, 2014 12:15pm
Quoting ill_be_back
{quote} With you

Just hope it dont go to 21 first........
  • #402,264
  • Oct 8, 2014 12:16pm Oct 8, 2014 12:16pm
Quoting ill_be_back
{quote} If you keep tight SL it will get HIT during NEWS
I'm gunna see how price moves in the build up to news, I expect a bit USD weakness, but I plan to be before 1900, though I agree with consensus that FOMC will be dovish
  • #402,265
  • Oct 8, 2014 12:18pm Oct 8, 2014 12:18pm
If cable continues to fall I might risk a buy at a lower level
  • #402,266
  • Oct 8, 2014 12:19pm Oct 8, 2014 12:19pm
Quoting ill_be_back
{quote} If you keep tight SL it will get HIT during NEWS
Are you of the opinion that USD will weaken after USD news ??

Remember USD has been bullish after every USD news for sometime now. So, don't want to conclude now it self.
Intraday only.
  • #402,267
  • Oct 8, 2014 12:21pm Oct 8, 2014 12:21pm
Quoting Kajos2250
GU H4 GMT+3 Let me try again the short side, sell stop .6055, invalidation if price could close above ~6117... Good luck! {image}
Fast triggered, got another sell stop .6029...
Anything is math!
  • #402,268
  • Oct 8, 2014 12:25pm Oct 8, 2014 12:25pm
Quoting navk
{quote} Are you of the opinion that USD will weaken after USD news ?? Remember USD has been bullish after every USD news for sometime now. So, don't want to conclude now it self.
As long as this don't make LL on Daily, I should be GOOD, I have 1.60445 as My Bounce Level
Reached my bounce level before i could finish typing
A good trader follows his rules, but great trader knows when to break them
  • #402,269
  • Oct 8, 2014 12:26pm Oct 8, 2014 12:26pm
Quoting GlobalMacro
OK Baby , let's talk business now ... short @ 1.6125 , sl: 1.6190 , tp: 1.5955
Lovin' it , Lovin' it ... +70 pips & kickin'
Maintaining shorts w/ trade parameters as is.
Cable now trading 1.6055
Hear the music before the song is over ...
  • #402,270
  • Oct 8, 2014 12:28pm Oct 8, 2014 12:28pm
Quoting navk
{quote} Are you of the opinion that USD will weaken after USD news ?? Remember USD has been bullish after every USD news for sometime now. So, don't want to conclude now it self.
I reckon Nav is probably right - FOMC will look to calm markets after loads of bullish data
"Won't risk recovery. Early rate hike premature.."
stuff like that
  • #402,271
  • Oct 8, 2014 12:28pm Oct 8, 2014 12:28pm
Quoting ill_be_back
{quote} As long as this don't make LL on Daily, I should be GOOD, I have 1.60445 as My Bounce Level Reached my bounce level before i could finish typing
Added another at Bounce level
A good trader follows his rules, but great trader knows when to break them
  • #402,272
  • Oct 8, 2014 12:28pm Oct 8, 2014 12:28pm
Quoting ill_be_back
{quote} As long as this don't make LL on Daily, I should be GOOD, I have 1.60445 as My Bounce Level
Levels can easy get broken on news, be patient. I would like to be patient and will watch after the event.

My guess is top side correction is over... I may be wrong, but right now flat.
Intraday only.
  • #402,273
  • Oct 8, 2014 12:28pm Oct 8, 2014 12:28pm
mayday mayday....abandon ship.... how low can we go??
  • #402,274
  • Oct 8, 2014 12:31pm Oct 8, 2014 12:31pm
Quoting thegmann
mayday mayday....abandon ship.... how low can we go??
Only if this make a new low on daily
A good trader follows his rules, but great trader knows when to break them
  • #402,275
  • Oct 8, 2014 12:33pm Oct 8, 2014 12:33pm
On a run down we buy, and on a run up we sell, when am I going to stop this ? I do this repeatedly.

All are like me or only me ?
Intraday only.
  • #402,276
  • Oct 8, 2014 12:36pm Oct 8, 2014 12:36pm
Quoting ill_be_back
{quote} Only if this make a new low on daily
It will.
Man , you're passing up on all the fun.
Come n join the party ... where r them yellow lines of yours
Hear the music before the song is over ...
  • #402,277
  • Oct 8, 2014 12:38pm Oct 8, 2014 12:38pm
buy just on order 25 and 18 sl 599 and one at 50, target 1.616
  • #402,278
  • Oct 8, 2014 12:38pm Oct 8, 2014 12:38pm
looks like that consolidation really paid off to the downside... lets hope for some sort of rebound before FOMC
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  • #402,279
  • Oct 8, 2014 12:40pm Oct 8, 2014 12:40pm
Quoting navk
On a run down we buy, and on a run up we sell, when am I going to stop this ? I do this repeatedly. All are like me or only me ?
gl orders set to auto you have the helm captain,,gl,,lol i am going to walk the dogs ,,
  • #402,280
  • Oct 8, 2014 12:41pm Oct 8, 2014 12:41pm
Quoting elbert3
buy just on order 25 and 18 sl 599 and one at 50, target 1.616
I have pending buy at 1.6025 yesterday low as well dunno if we will hit it though
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