Comments on: Cable: Hanging on grimly to the 1.58 handle https://fxww.com/cable-hanging-on-grimly-to-the-1-58-handle/ The Professional Source Wed, 23 Jan 2013 09:42:17 +0000 hourly 1 By: Sean Lee https://fxww.com/cable-hanging-on-grimly-to-the-1-58-handle/#comment-14937 Wed, 23 Jan 2013 09:42:17 +0000 http://fxww.dreamhosters.com/?p=4788#comment-14937 Still am Papillon, very much in sell-rally mode. If EUR/GBP goes to 88 like I think, and EUR/USD stays rangebound around 130/135, then cable will be trading near 150

]]> By: Sean Lee https://fxww.com/cable-hanging-on-grimly-to-the-1-58-handle/#comment-14936 Wed, 23 Jan 2013 09:40:56 +0000 http://fxww.dreamhosters.com/?p=4788#comment-14936 Nice pick-up Rahul, the contrarian trades are always the sweetest

]]> By: Papillon https://fxww.com/cable-hanging-on-grimly-to-the-1-58-handle/#comment-14927 Wed, 23 Jan 2013 08:22:08 +0000 http://fxww.dreamhosters.com/?p=4788#comment-14927 I have just finished to read the “Weekly Bank Research” and they have shifted to bearish from neutral for the cable. Two day ago, you were in sell rally mode for this pair. Just an observation 😉

]]> By: rahul https://fxww.com/cable-hanging-on-grimly-to-the-1-58-handle/#comment-14921 Wed, 23 Jan 2013 07:22:05 +0000 http://fxww.dreamhosters.com/?p=4788#comment-14921 Hi sean.im not really bothered with any thing other than the fact that the pound is really oversold and this is a significant level.the risk reward is great(maybe a quick 100 pips to the mvag200 daily) and iv triggered small long position with a stop loss at 1.5785.
iv got nothing to lose..id definitely not sell at these levels,like u said.sometimes i pick up these trades even if they dont make much “fundamental” sense.

]]> By: Papillon https://fxww.com/cable-hanging-on-grimly-to-the-1-58-handle/#comment-14913 Wed, 23 Jan 2013 07:03:52 +0000 http://fxww.dreamhosters.com/?p=4788#comment-14913 In reply to Sean Lee.

> Thanks.

]]> By: Papillon https://fxww.com/cable-hanging-on-grimly-to-the-1-58-handle/#comment-14912 Wed, 23 Jan 2013 07:03:18 +0000 http://fxww.dreamhosters.com/?p=4788#comment-14912 Yesterday, the support has been held at 1.5800 and this morning we have UK releases on the agenda. If this support holds, it might be interesting to short EUR/GBP with SL above 0.8450 ?

]]> By: Sean Lee https://fxww.com/cable-hanging-on-grimly-to-the-1-58-handle/#comment-14911 Wed, 23 Jan 2013 06:58:32 +0000 http://fxww.dreamhosters.com/?p=4788#comment-14911 Yes Papillon, that would make sense. If major support levels start falling then definitely revert to rally-selling mode

]]> By: Papillon https://fxww.com/cable-hanging-on-grimly-to-the-1-58-handle/#comment-14910 Wed, 23 Jan 2013 06:56:43 +0000 http://fxww.dreamhosters.com/?p=4788#comment-14910 Sorry on EUR/JPY

]]> By: Papillon https://fxww.com/cable-hanging-on-grimly-to-the-1-58-handle/#comment-14909 Wed, 23 Jan 2013 06:55:28 +0000 http://fxww.dreamhosters.com/?p=4788#comment-14909 Good evening Sean,

In your previous comments, you prefer to buy dips for AUD/JPY, USD/JPY, EUR/JPY. It’s make sense but if we fail with the support 87.80 (USD/JPY) is it good clue to shift to “sell rallies” mode ? For instance on EUR/USD ? Thanks.

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