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Cable Update (GBPUSD)

  • #15,341
  • Jun 21, 2007 5:10am Jun 21, 2007 5:10am
Quoting cesarnc
Sniff Sniff? Looks like the stars got bad breath

9890s key today. The trendline.
Hey, if you're right, I've sold at 1.9925 and my stop is 30 pips higher at the highs. But the heavens shake at your blasphemy! The stars never lie! Your hides shall be my dinner, oh mighty bulls..
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #15,342
  • Jun 21, 2007 5:11am Jun 21, 2007 5:11am
my daily says down. H4 says down. H1 says end of uptrend. Some hourly studıes say go short. No major news releases. My stoch and RSI says go short... So ı went short
but this is cable. u NEVER know this pair.
so i put the sl close

check my site for graphs if you like. I can post additional graphs if u like.
  • #15,343
  • Jun 21, 2007 5:23am Jun 21, 2007 5:23am
06:07EURUSD and GBPUSD holding firm despite obvious selling in the market. It's a bold call, but we may have seen the lows for now.

http://spoiledrottendoggies.com/PSHMDWEB.gif
  • #15,344
  • Jun 21, 2007 5:28am Jun 21, 2007 5:28am
i went short but it is also wise to go up... buying the dips... We shall see what happens most probably in the American session... Though I dont think 2.000 is a realistic target for this run.
  • #15,345
  • Jun 21, 2007 5:29am Jun 21, 2007 5:29am
more bloodletting to come on EUR/USD me thinks. GBP/USD stabilizing, but i see it dropping substantially if the BofE refuse to raise rates (and i think they will refuse)
  • #15,346
  • Jun 21, 2007 5:30am Jun 21, 2007 5:30am
Quoting Alfa159
i went short but it is also wise to go up... buying the dips... We shall see what happens most probably in the American session... Though I dont think 2.000 is a realistic target for this run.
Me neither. But a 50-60 range day - as becoming usual - would takes us to 9930-40, so it's worth the r:r
  • #15,347
  • Jun 21, 2007 5:30am Jun 21, 2007 5:30am
Quoting Alfa159
my daily says down. H4 says down. H1 says end of uptrend. Some hourly studıes say go short. No major news releases. My stoch and RSI says go short... So ı went short
but this is cable. u NEVER know this pair.
so i put the sl close

check my site for graphs if you like. I can post additional graphs if u like.
All these indicators on different time frames only show high probabilities, no certainty. It's good your SL is tight.
Eyes For Pips!
  • #15,348
  • Jun 21, 2007 5:30am Jun 21, 2007 5:30am
Nahh !!!!!! Thats just a bear trap ....

Anyways up or down we make money on the cable...right ?????
For he that would be deceived, let him.
  • #15,349
  • Jun 21, 2007 5:38am Jun 21, 2007 5:38am
Yeah, it's struggling a little just like june 6th/7th. We may even have to wait for a little push from the US news. The market needs things to point fingers at. If news comes GBP bullish, this consolidation will take forever.

Quoting cesarnc
06:07EURUSD and GBPUSD holding firm despite obvious selling in the market. It's a bold call, but we may have seen the lows for now.

http://spoiledrottendoggies.com/PSHMDWEB.gif
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #15,350
  • Jun 21, 2007 5:40am Jun 21, 2007 5:40am
Quoting cesarnc
Long 9890.... SL 9870
TP'd 1/2, Sl to B/E. not comfortable with this trade
  • #15,351
  • Jun 21, 2007 6:29am Jun 21, 2007 6:29am
Join the party. Short at 9914
  • #15,352
  • Jun 21, 2007 6:38am Jun 21, 2007 6:38am
Quoting Pairtracker
Join the party. Short at 9914

i am also short on this pair... Though I want to know your assumptions? graphical or news
  • #15,353
  • Jun 21, 2007 6:41am Jun 21, 2007 6:41am
Quoting Alfa159
i am also short on this pair... Though I want to know your assumptions? graphical or news
I only follow chart. Set stop.
need go to work.
  • #15,354
  • Jun 21, 2007 6:44am Jun 21, 2007 6:44am
It's going up now
  • #15,355
  • Jun 21, 2007 6:45am Jun 21, 2007 6:45am
Quoting gobigo12
I closed at 9940 and your still holding on the slow death decent ?

you've lost 25 pips so far.....didn't your SL get hit yet ?
sl hit? not yet. just trigged additional buy @ 9890.
BAM BAM BOOM! -bravado
  • #15,356
  • Jun 21, 2007 6:59am Jun 21, 2007 6:59am
ı am still short on the pair... will just wait to see if it will breach 1.9950...
than can convert long.
  • #15,357
  • Jun 21, 2007 7:05am Jun 21, 2007 7:05am
i almost was convinced to close my long and go short but i held my ground.. long up 120+ pips

looks like its going to be a trening day. no move down today boys
  • #15,358
  • Jun 21, 2007 7:06am Jun 21, 2007 7:06am
Cable on a bit of a climb up, but I'm on the sidelines until more confirmation. Looks like a choppy day to me.
  • #15,359
  • Jun 21, 2007 7:14am Jun 21, 2007 7:14am
think it will break???
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 55 KB
  • #15,360
  • Jun 21, 2007 7:21am Jun 21, 2007 7:21am
and this
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd1.jpg Size: 49 KB
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