Comments on: Cable: Entering a bullish technical phase

By: Sean Lee

Sean Lee — Thu, 27 Jun 2013 06:06:51 +0000

in the beginning of position building, only add when you can use wide stops, but as always there are exceptions. If yu think the mkt is about to scream higher then of course you buy with tight stop; then what yu did last night is perfectly fine

By: Papillon

Papillon — Thu, 27 Jun 2013 05:51:13 +0000

Thanks Sean. It’s tricky for me to find the line between quick adding and no rush 🙁 but I learn.

By: Sean Lee

Sean Lee — Thu, 27 Jun 2013 05:26:51 +0000

Txs Papillon, yes sry didn’t reply to email was swamped with admin and site stuff. Yeah yu were slightly early with the add-on, remember don’t be in any rush to add as you are long already, even though only small.

By: Papillon

Papillon — Thu, 27 Jun 2013 04:55:41 +0000

In reply to Sean Lee. Good evening Sean, Welcome on aboard cable flight ;-) . I attempted to add yesterday (second unit) but I have been stopped out under 1.5340. Let's see what happen near 1.5270/1.5250.

By: Lam-Son

Lam-Son — Thu, 27 Jun 2013 02:56:30 +0000

I copied this trade again 🙂 Thanks Sean for sharing!

By: jack1

jack1 — Thu, 27 Jun 2013 00:30:52 +0000

Good morning Sean, cable touch 100dma. I am waiting for a up daily candle, then, buy it. Otherwise, waiting for a bounce at 1.5165 or 1.5085 (channel bottom). If no bounce, go to sell. Carney come into BoE. Don’t know his policy.

swiss, u-chf seem quite bullish on daily. H4 may see a pullback, buy 0.9315 — 0.9280. I am ready to buy, to run 0.98 or 0.99 ? then, need 2 weekly bars close above 1.0115 for a running to 1.1585. after european summer ?

By: Danny

Danny — Wed, 26 Jun 2013 22:53:51 +0000

thanks mate.

By: Sean Lee

Sean Lee — Wed, 26 Jun 2013 22:39:57 +0000

Mkt knew that US corps wud be selling cable for end-of-month as well as Buba buying EUR/GBP, so was happy to drive GBP lower in anticipation of this. Now that out of way, Id expect the GBP to rise a bit. But, cable probably will trade 15250/70 on base and 15500ish on top on think this is what we shud prepare for.

By: Danny

Danny — Wed, 26 Jun 2013 22:23:16 +0000

Morning Sean.
Lets hope it holds as im long since 154ish.of course I now know that I got in at the wrong levels.a little concern was the drop of gdp in the US.cable rallied but it was short lived and quickly went down another 50 pips.this thing does not seem to want to go up.