Currency trading (Oct 16th > 20th)

[ChowClown]

..stopped out for -10 on the long. Haven't re-armed.

...now short 81.

 

[wasp]

the trendline did its job again...

will it follow through though? UK news tends not too.

 

[KTD]

So where do you wise minds see the cable @ in 8 hours?

 

[Uphios]

the trendline did its job again...

will it follow through though? UK news tends not too.

Couldn't agree more. A **** set of numbers and it's still higher than last night and on the strong side against the rest of the world currencies.

 

[ChowClown]

...EUR winning the battle now against GBP (240m).

 

[Offshore Trader]

Obviously not what I was hoping for but stopped out for small loss and now short, although a little concerned by the overall weak tone of the dollar

 

[Priceman]

Took the money and ran +15, lot of price action around this level i think (here I go again thinking, it'll get me in trouble !) it will dilly dally around here until US figs are out... you watch it tank even more !

 

[ChowClown]

...hmm, the big money doesn't seem too excited atm.

 

[wasp]

...hmm, the big money doesn't seem too excited atm.

I am, it just doesn't look that way :cheesy:

 

[KTD]

alot of bids at 1,8665 - a wise take profit would be around there.. not sure this lvl will brake, - maybe later tho.

 

[Uphios]

...EUR winning the battle now against GBP (240m).

Fighting back a tiny bit but I see the 'comfort' level for EurGbp as 0.6850 and thats still a long way off.

I guess it just amazes me that we hear all the time about US mounting debt and how it's unsustainable but on GDP basis the UK is just about on par.

 

[wasp]

So where do you wise minds see the cable @ in 8 hours?

8 hours! Now your asking! I tend not to think more than 5 minutes ahead of meself... 600 ish at the moment IMO.

 

[KTD]

took the 20 pips, - gonna be watching the next support lvl.

 

[KTD]

8 hours! Now your asking! I tend not to think more than 5 minutes ahead of meself... 600 ish at the moment IMO.

I know how you feel, - hehe..
But the important stuff is the US numbers, they will without a doubt determine the retrace force, or the break force of the stronger support lvls.

I think short is the way to go, but not confident about the US numbers later.

EURGBP is at a strong res lvl too now..

Edit: spelling errors.. doh

 

[Uphios]

Now it really has broken the line and targets 1.8580. No fibo line there that I can see so first target 1.8610 and if it gets below that I will close trail a stop.

 

[KTD]

Now it really has broken the line and targets 1.8580. No fibo line there that I can see so first target 1.8610 and if it gets below that I will close trail a stop.

but so far as we speak, - it hasnt broken the key res point i mentioned earlier @1,8665. It did a retrace as I closed my position at 1,8700 - and it looks like its done with strongest drop.

 

[KTD]

its definately going on a retrace course now, - advise going short at the top of it, if you have confidence in the US numbers.

 

[Offshore Trader]

Dollar pressing support against CHF and EUR hopefully it will bounce and we can see some real downside in Cable

 

[wasp]

Would like to see 660 before any faith in this downmove

 

[KTD]

excactly,- if the key support is broken, its downwards from here on end.

wowsers! look at it go, - retrace en mas!