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Cable Update (GBPUSD)

  • #11,441
  • Apr 27, 2007 2:17am Apr 27, 2007 2:17am
Quoting dd33
IMHO for short terms is bearish.. but if u draw a paralel trend line.. u can see that now is a good time for a dip fishing..
1.9850/60 is a barrier for the bear run. Buying at this level suggest one is banking on the barrier not broken down by the bears. Fishing at this level may get the salmon you want before the bears could catch em.

But remember, I heard the same thing about 1.9950
  • #11,442
  • Apr 27, 2007 2:21am Apr 27, 2007 2:21am
Quoting BurgerKing
1.9850/60 is a barrier for the bear run. Buying at this level suggest one is banking on the barrier not broken down by the bears. Fishing at this level may get the salmon you want before the bears could catch em.

But remember, I heard the same thing about 1.9950
Remember tho that 1.9950 was bombarded few days ago before it was broken yesterday, 1.9860 level is fresh.
Tra-X
  • #11,443
  • Apr 27, 2007 2:34am Apr 27, 2007 2:34am
There are two conflicting figures in the forecasts for the USA gdp results being released today, 1 up and 1 down, how do you interpret which way things will go if the forecasts pan out to be right?
  • #11,444
  • Apr 27, 2007 2:35am Apr 27, 2007 2:35am
The bounce off yesterdays low during the Asian session was pathetic - 30 pips. The second push down by the Frankfurters failed, so its now waiting time for the Brits to finish their first cup of tea.

The short term down trendīs still intact, with the next real support in the 9800 area, which includes the early April highs.
Trading Levels with WRBs
  • #11,445
  • Apr 27, 2007 2:40am Apr 27, 2007 2:40am
Quoting bhaskar422
There are two conflicting figures in the forecasts for the USA gdp results being released today, 1 up and 1 down, how do you interpret which way things will go if the forecasts pan out to be right?
trade with the 4 hour trend. I see it going down another 150 pips in the next 9 hours.
  • #11,446
  • Apr 27, 2007 2:43am Apr 27, 2007 2:43am
Quoting bhaskar422
There are two conflicting figures in the forecasts for the USA gdp results being released today, 1 up and 1 down, how do you interpret which way things will go if the forecasts pan out to be right?
IMHO.. usually market already have a "hunch" and have a "prepared positions" which one is the rite one. Study ur charts.. and if u cant find one. Trust ur own "hunch".. or else.. stay in the sidelines..
  • #11,447
  • Apr 27, 2007 3:20am Apr 27, 2007 3:20am
what's with this push up????

someone bring cable down to 98 please!
  • #11,448
  • Apr 27, 2007 3:22am Apr 27, 2007 3:22am
Quoting camisa
what's with this push up????

someone bring cable down to 98 please!
I doubt it will go back to 98 soon. Traders are going in long cable positions again.
  • #11,449
  • Apr 27, 2007 3:25am Apr 27, 2007 3:25am
Quoting BurgerKing
1.9850/60 is a barrier for the bear run. Buying at this level suggest one is banking on the barrier not broken down by the bears. Fishing at this level may get the salmon you want before the bears could catch em.

But remember, I heard the same thing about 1.9950
And... Salmon it is... Fresh n yummy.. TP partially n set my SL to .9915 TP .9950.
  • #11,450
  • Apr 27, 2007 3:31am Apr 27, 2007 3:31am
Morning all...

Damn cable missed one nice buy limit at 9864 by 4 pips.... the spread exactly . Hate when this happen... well part of the game...
  • #11,451
  • Apr 27, 2007 3:43am Apr 27, 2007 3:43am
I am thinkin of shorting the cable at 1.9960.... any ideas?
  • #11,452
  • Apr 27, 2007 3:44am Apr 27, 2007 3:44am
what the hell is going on in this market one day down one day up without any reason,

waiting for the dust settle down
  • #11,453
  • Apr 27, 2007 3:47am Apr 27, 2007 3:47am
Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
hi
  • #11,454
  • Apr 27, 2007 3:47am Apr 27, 2007 3:47am
Quoting ashlee_17
I guess most of us here in this forum are a bunch of newbies when it comes to forex trading. The real money-makers (expert traders) will not join a forum - and if they do join a forum, they will not post or give free advice. Would a doctor give free consultations for patients? I doubt it. I think that anyone who joins a forex forum, is looking for ways to make money, or is looking for some insight of where the market is going. The forex experrts are already making money and dont have time to join or post in a forum.
On the whole you are right Ash. But snowman has a point. There is one very successful trader here who has helped others signifcantly. There was a thread about him recently. But there are others here who are successful to a lesser extent who have helped others. And that's what makes FF such a great place to be. None of us are ever to old to learn.

But the lack of truly successful traders here can be seen by such a low number of people committing themselves to a trading competition here. That in itself if evidence enough for me that Ash is, on balance, correct. Now everyone prove me wrong and register today. BTW - I won't be registering.
Quoting snowman
I'm sorry but I disagree with you. I know a number of professional traders who make tons of money and just like helping newbie's out. As a matter of fact, they enjoy the comraderie that forums can bring. Especially trading these "early morning" sessions....
Do not focus on making money; focus on protecting what you have.
  • #11,455
  • Apr 27, 2007 3:54am Apr 27, 2007 3:54am
Quoting camisa
what's with this push up????

someone bring cable down to 98 please!
looks like a technical bounce on a 4 hour chart off a major trendline (14th march low & 9th April low).
  • #11,456
  • Apr 27, 2007 3:57am Apr 27, 2007 3:57am
Quoting indigo
looks like a technical bounce on a 4 hour chart off a major trendline (14th march low & 9th April low).
Welcome indigo.
Do not focus on making money; focus on protecting what you have.
  • #11,457
  • Apr 27, 2007 3:57am Apr 27, 2007 3:57am
I have been "live" trading since last August and I can honestly say that all my
knowledge I've learned has been from this forum. There is a wealth of experience here and not just taking signals from others but learning from their
own years of experience. Thanks to all of you I am up over 900 pips this month so far and I'm still on my "first" live account since last year and opening another tomorrow.....
just trying to make a little on a lot.....
  • #11,458
  • Apr 27, 2007 3:57am Apr 27, 2007 3:57am
Quoting ashlee_17
I am thinkin of shorting the cable at 1.9960.... any ideas?
me2 but we should be very carefully we in crazy market no1 can be sure about where is the market will go up or down
i realy dont want to see the cable on 2.0000 again
  • #11,459
  • Apr 27, 2007 3:58am Apr 27, 2007 3:58am
Quoting indigo
looks like a technical bounce on a 4 hour chart off a major trendline (14th march low & 9th April low).
Attached Image
  • #11,460
  • Apr 27, 2007 3:59am Apr 27, 2007 3:59am
Quoting aicccia
trade with the 4 hour trend. I see it going down another 150 pips in the next 9 hours.
i hope that
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