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Cable Update (GBPUSD)

  • #14,201
  • Jun 1, 2007 10:20am Jun 1, 2007 10:20am
Quoting bravado
i'm off the charts for the rest of the day. what a week it has been.
tough week for all of us... you should give us all lollipops
  • #14,202
  • Jun 1, 2007 10:27am Jun 1, 2007 10:27am
Longterm uptrend is still intact on cable but it sure ain't showing it wants to resume up move anytime soon.
  • #14,203
  • Jun 1, 2007 10:28am Jun 1, 2007 10:28am
Quoting cesarnc
tough week for all of us...
tough is right. lost lots of pips yesterday on my short audjpy trade. worst is, i didn't use good money management. well over -100 pips i believe.
BAM BAM BOOM! -bravado
  • #14,204
  • Jun 1, 2007 10:31am Jun 1, 2007 10:31am
Quoting bravado
tough is right. lost lots of pips yesterday on my short audjpy trade. worst is, i didn't use good money management. well over -100 pips i believe.
not to mention your USDCAD long, now in need of life support
  • #14,205
  • Jun 1, 2007 10:33am Jun 1, 2007 10:33am
Quoting SunTrader
Longterm uptrend is still intact on cable but it sure ain't showing it wants to resume up move anytime soon.
i'm not sure about long term. for me that a clear break above 9880-90 area. 9900 is even better.

immediate upside potential just changed few minutes ago with the news announcements. cable looks very undecided to me at this point on immediate terms. next week will tell.
BAM BAM BOOM! -bravado
  • #14,206
  • Jun 1, 2007 10:34am Jun 1, 2007 10:34am
Quoting ndvt241
Hi everyone
Wondering! why many traders think the cable will go up!?
NFP came out with high number which is great for US Economy
Personal spending up - good for the economy
ISM up - good for US economy
PCE; little down to the level that will make the Federal relaxed ; good for the economy
The result: Next week, we may see the cable within the 1.96, 95 Zone

=====================
If that happend remember NDVT241
  • #14,207
  • Jun 1, 2007 10:34am Jun 1, 2007 10:34am
Quoting cesarnc
not to mention your USDCAD long, now in need of life support
no. i reversed to short way earlier @ 1.0705. read the usdcad thread.
BAM BAM BOOM! -bravado
  • #14,208
  • Jun 1, 2007 10:36am Jun 1, 2007 10:36am
Quoting bravado
no. i reversed to short way earlier @ 1.0705. read the usdcad thread.
http://www.forexfactory.com/showpost...&postcount=388
BAM BAM BOOM! -bravado
  • #14,209
  • Jun 1, 2007 10:37am Jun 1, 2007 10:37am
Quoting bravado
no. i reversed to short way earlier @ 1.0705. read the usdcad thread.
that's my boy
  • #14,210
  • Jun 1, 2007 10:37am Jun 1, 2007 10:37am
I have to agree ... this week has been really though ... lost almost 200 pips ... hopefully could recover back soon ... otherwise need life support as well

cable act very differently with respect to the news this week ... since I'm still new .. I could conclude that the market not always reacting to the news ..

So what is our reference other than the news?? Statistical toolss??? Minitab? Crystal ball?? helpp
  • #14,211
  • Jun 1, 2007 10:40am Jun 1, 2007 10:40am
Quoting afirozia
I have to agree ... this week has been really though ... lost almost 200 pips ... hopefully could recover back soon ... otherwise need life support as well

cable act very differently with respect to the news this week ... since I'm still new .. I could conclude that the market not always reacting to the news ..

So what is our reference other than the news?? Statistical toolss??? Minitab? Crystal ball?? helpp
I think that you are taking on a huge risk if your trades are news-based. You should start looking at technical indicators, charts, sentiment, etc...
  • #14,212
  • Jun 1, 2007 10:43am Jun 1, 2007 10:43am
Quoting ashlee_17
I think that you are taking on a huge risk if your trades are news-based. You should start looking at technical indicators, charts, sentiment, etc...
In my believe, the good trader must consider both

===============
  • #14,213
  • Jun 1, 2007 10:44am Jun 1, 2007 10:44am
Quoting afirozia
I
So what is our reference other than the news??
Trending pairs... easier to trade. Buy dips, be happy... USDCAD and USDJPY. Go where the CASH is FLOWING!!!!!!!!!

There is no reason for a Cable Church here. This damn pair is providing nothing but stress. And pip is pip. Go find them in other place, stop whining you ppl !!!

(AUD, NZD, carry trades, too)
  • #14,214
  • Jun 1, 2007 10:45am Jun 1, 2007 10:45am
Quoting cesarnc
that's my boy
perky since your got that new av.
BAM BAM BOOM! -bravado
  • #14,215
  • Jun 1, 2007 10:47am Jun 1, 2007 10:47am
Quoting afirozia
So what is our reference other than the news?? Statistical toolss??? Minitab? Crystal ball?? helpp
i look at price action. no indicators whatsoever.
BAM BAM BOOM! -bravado
  • #14,216
  • Jun 1, 2007 10:48am Jun 1, 2007 10:48am
Quoting cesarnc
Trending pairs... easier to trade. Buy dips, be happy... USDCAD and USDJPY. Go where the CASH is FLOWING!!!!!!!!!

There is no reason for a Cable Church here. This damn pair is providing nothing but stress. And pip is pip. Go find them in other place, stop whining you ppl !!!

(AUD, NZD, carry trades, too)
perky since you got that new av.
BAM BAM BOOM! -bravado
  • #14,217
  • Jun 1, 2007 10:51am Jun 1, 2007 10:51am
Quoting bravado
perky since you got that new av.
damn pair
  • #14,218
  • Jun 1, 2007 10:52am Jun 1, 2007 10:52am
EUR/USD today's range is 71 pips
GBP/USD today's range is 53 pips
No comment
  • #14,219
  • Jun 1, 2007 11:00am Jun 1, 2007 11:00am
Quoting SunTrader
uptrend is still intact on cable but it sure ain't showing it wants to resume up move anytime soon.
looks like its doing exactly as you said. but sooner.
BAM BAM BOOM! -bravado
  • #14,220
  • Jun 1, 2007 11:05am Jun 1, 2007 11:05am
Quoting cesarnc
...
There is no reason for a Cable Church here. This damn pair is providing nothing but stress. And pip is pip. Go find them in other place, stop whining you ppl !!!

(AUD, NZD, carry trades, too)...
Thanks for the advice! I should really be trying other pairs than cable ...
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