Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

Post #74,341
Quote
Jul 3, 2008 5:33am Jul 3, 2008 5:33am

tarektm
| Joined Apr 2008 | Status: Forex Freedom | 300 Posts

i can't sell now,
unless we head down and break yesterdays bottom and closed there at least on the 30 Minutes chart.

1.9843 is still holding,
but i think it's another ranging day too.

Post #74,342
Quote
Jul 3, 2008 5:33am Jul 3, 2008 5:33am

Moe
| Membership Revoked | Joined Mar 2005 | 4,703 Posts

Quoting nAVIN2007

Disliked

man i hope your right i really dont want to hold this for another week ...im hoping this non farm if it goes up gonna be volatile if it flies down forst it might hit my profit.....

Ignored

i been wrong all week.

If I Go Broke Trying Then I Will die happy.

Post #74,343
Quote
Jul 3, 2008 5:36am Jul 3, 2008 5:36am

tarektm
| Joined Apr 2008 | Status: Forex Freedom | 300 Posts

Quoting Moe

Disliked

i been wrong all week.

Ignored

which means the market is Not Ok,
No direction is Decided yet

That's Strange,
i thought long will be going as a rocket,
but now i can see an equal chance for longs and shorts,

we have to visit the monthly pivot with such a monthly start,
we have to go to 1.9767 if we want to go higher , or break that is we have to go lower.

Post #74,344
Quote
Jul 3, 2008 5:36am Jul 3, 2008 5:36am

alearner
| Joined Jan 2008 | Status: Member | 328 Posts

Quoting micho

Disliked

Yeah my EA does it all

Ignored

Well done. Ignore the negative comments.

One day Moe will automate his system and he wont need to get out of bed.

Post #74,345
Quote
Jul 3, 2008 5:36am Jul 3, 2008 5:36am

NuB
| Joined Jun 2008 | Status: Scrooge McBucks | 543 Posts

Who you tellin

Don't Get Bitter, Get Better

Post #74,346
Quote
Jul 3, 2008 5:39am Jul 3, 2008 5:39am

Clouds
Joined Apr 2008 | Status: Member | 7,674 Posts

If this doesn't go down this week, it should at the beginning of next week, and yeah probably go way down to 1.95

Post #74,347
Quote
Jul 3, 2008 5:39am Jul 3, 2008 5:39am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,853 Posts

Quoting Moe

Disliked

i been wrong all week.

Ignored

that means u closer this time to getting it right bro

but i do think yur target if reached will hit 1.97
1.9818 we need to break otherwise back up again i think

Post #74,348
Quote
Jul 3, 2008 5:40am Jul 3, 2008 5:40am

fx local
| Joined Dec 2007 | Status: Senior Member | 1,461 Posts

hey guys hows trading going...

alot of news out today plus US holiday tomorrow so alot of traders will be squaring up postions ahead of that, so best stay out unless u know what u doing i guess...

expect some instant gratification trades(both ways)! post non farm and trichet, volatile price action,

figure lower than -100k and 5.8% rate will be interesting for Non farms, although trichet could reverse this by signalling no hikes thou unlikely.... a postive number could be good for dollar....

so best to stick to USDJPY if u want to trade non farms volatility and EURJPY for Trichet? expect euro and cable to be very liable to whipsaw...

anyways good luck to all, happy trading

Trading is 80% Emotional, 20% Technical

Post #74,349
Quote
Jul 3, 2008 5:41am Jul 3, 2008 5:41am

NuB
| Joined Jun 2008 | Status: Scrooge McBucks | 543 Posts

I see 830-825 Support being as low as it can reach today. But who knows

Don't Get Bitter, Get Better

Post #74,350
Quote
Jul 3, 2008 5:42am Jul 3, 2008 5:42am

DJ4x
| Joined Mar 2008 | Status: Member | 521 Posts

Quoting Moe

Disliked

as you can see i had a rough week, hope to end the week with a little change in my pocket.

Ignored

Hehe
I'm glad to see u on the side of the shorts today.

Post #74,351
Quote
Jul 3, 2008 5:42am Jul 3, 2008 5:42am

Big Wave Rider
Joined Jul 2007 | Status: C.E.O of BWR Investment firm | 4,736 Posts

WAASSSUPPP?

Haven't posted here in ages............

................ so, hows cable?

Just Trade It

Post #74,352
Quote
Jul 3, 2008 5:44am Jul 3, 2008 5:44am

adrianebn
| Joined Sep 2007 | Status: Member | 232 Posts

cable is cabling up and down recently!

Post #74,353
Quote
Jul 3, 2008 5:48am Jul 3, 2008 5:48am

Clouds
Joined Apr 2008 | Status: Member | 7,674 Posts

Interesting fact. Cable has been in an uptrend since 2004. Since then, it has moved on average of 2.6 pips a day. So could we see 1.95 again? Sure...

Post #74,354
Quote
Jul 3, 2008 5:51am Jul 3, 2008 5:51am

Moe
| Membership Revoked | Joined Mar 2005 | 4,703 Posts

Quoting Moe

Disliked

im awake, sell entry got trigger at 1.9873, s/l 1.9985, t/p 1.9729.

Ignored

Here's where i stand, off to bed, good luck to everyone.

If I Go Broke Trying Then I Will die happy.

Post #74,355
Quote
Jul 3, 2008 5:51am Jul 3, 2008 5:51am

hemal011
| Joined Apr 2008 | Status: Member | 63 Posts

NFP data is going to be bad today (as per survey and ADP estimates) ..why is GBP going down ? another fake move like yesterday when we were short and then sudden pull up ?

Post #74,356
Quote
Jul 3, 2008 5:52am Jul 3, 2008 5:52am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,853 Posts

Quoting Moe

Disliked

im awake, sell entry got trigger at 1.9873, s/l 1.9985, t/p 1.9729.

Ignored

i liked yur target yesterday im using it today to get me out of this mes, i thought there a good chance today it may hit!

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Post #74,357
Quote
Jul 3, 2008 5:52am Jul 3, 2008 5:52am

Dafiri
| Joined May 2008 | Status: Member | 15 Posts

Please what do you think will be the most likely effect of the U.S non-farm payroll news release on the cable. I know if the figures are good the cable will go up. But i do not live in America and so do not have a clue.

The non-farm payroll (which measures the employment rate) is fore casted to go up, which (if it actually does) will cause the cable to rise.

If you have any information please say here. Say what your opinion is.

Post #74,358
Quote
Jul 3, 2008 5:54am Jul 3, 2008 5:54am

Clouds
Joined Apr 2008 | Status: Member | 7,674 Posts

Quoting Moe

Disliked

Here's where i stand, off to bed, good luck to everyone.

Ignored

LAter. You too

Post #74,359
Quote
Jul 3, 2008 5:56am Jul 3, 2008 5:56am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,853 Posts

Quoting hemal011

Disliked

NFP data is going to be bad today (as per survey and ADP estimates) ..why is GBP going down ? another fake move like yesterday when we were short and then sudden pull up ?

Ignored

we have to go down today cause it priced in already..if it didnt go down today and non farm comes out ...it might hit upper level which will be just to high...

u have to think laterally