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Cable Update (GBPUSD)

  • #16,461
  • Jun 29, 2007 9:05am Jun 29, 2007 9:05am
Quoting wryan
This confirms pound weekness
And this confirms pound strength


Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 105 KB
  • #16,462
  • Jun 29, 2007 9:06am Jun 29, 2007 9:06am
Quoting Moe
and this is suppose to happen when?
Next week...
  • #16,463
  • Jun 29, 2007 9:06am Jun 29, 2007 9:06am
im a day trader unless 9750 happens in a day i will miss that boat, my goals or 50 to 150 pips a day.
If I Go Broke Trying Then I Will die happy.
  • #16,464
  • Jun 29, 2007 9:12am Jun 29, 2007 9:12am
Quoting Moe
im a day trader unless 9750 happens in a day i will miss that boat, my goals or 50 to 150 pips a day.
my style too, I cannot think beyond present day
  • #16,465
  • Jun 29, 2007 9:12am Jun 29, 2007 9:12am
I am staying long until farther notice...........

================================
  • #16,466
  • Jun 29, 2007 9:15am Jun 29, 2007 9:15am
I opened 2 Short trades one @ 2.0051 and another @ 2.0056 with temp SL @ 2.0075 and will keep them open during weekend (against my strategy)
  • #16,467
  • Jun 29, 2007 9:16am Jun 29, 2007 9:16am
Quoting camisa
my style too, I cannot think beyond present day
You should, camisa... We only see 100+ pips range here in 3 days minimum
  • #16,468
  • Jun 29, 2007 9:19am Jun 29, 2007 9:19am
More bombs, there goes 2.000
Patience + Humility + Study = Success
  • #16,469
  • Jun 29, 2007 9:20am Jun 29, 2007 9:20am
i remeber back in the day when cable was doing 150+ pips a day you could of caught 120 pips up and 30-60 pips down man do i miss those days, il be lucky to catch 60 pips up and maybe 10 pips down.
If I Go Broke Trying Then I Will die happy.
  • #16,470
  • Jun 29, 2007 9:23am Jun 29, 2007 9:23am
It's Friday, and we are about to reach 1100 pages, last time when we reached 1000 pages, it was Friday as well, and Cesarnc was the one who hit it
  • #16,471
  • Jun 29, 2007 9:27am Jun 29, 2007 9:27am
Quoting DutchTrader
More bombs, there goes 2.000
Maybe not, there's 2.0200 chatter instead.
Patience + Humility + Study = Success
  • #16,472
  • Jun 29, 2007 9:27am Jun 29, 2007 9:27am
Quoting pino2
It's Friday, and we are about to reach 1100 pages, last time when we reached 1000 pages, it was Friday as well, and Cesarnc was the one who hit it
does it bring good luck?
If I Go Broke Trying Then I Will die happy.
  • #16,473
  • Jun 29, 2007 9:30am Jun 29, 2007 9:30am
Quoting pablorpl
I'M RECONSIDERATING MY FIRST TARGET.... but.. if cable close below 2 today.... that is my first target.
...don't see any sign of it closing below 2.0000. but i ain't worried (yet) - still got my sights on .9850 and then .9730
  • #16,474
  • Jun 29, 2007 9:31am Jun 29, 2007 9:31am
Quoting free4440273
...don't see any sign of it closing below 2.0000. but i ain't worried (yet) - still got my sights on .9850 and then .9730
I'm targeting 1.9927
Patience + Humility + Study = Success
  • #16,475
  • Jun 29, 2007 9:35am Jun 29, 2007 9:35am
This week was so bad for me, I closed most of my orders @ BE, I didn't gain a single pip since I wasn't sticking to my strategy, and today I lost a hell of pips
I mentioned that 2.0063 is the key of the day, I was stupid to put my SL @ the key of the day I would have put it 2 to 3 pips higher, I didn't know that Cable will intend to hit me this way, 2.0063 still today's high
  • #16,476
  • Jun 29, 2007 9:44am Jun 29, 2007 9:44am
Quoting pino2
This week was so bad for me, I closed most of my orders @ BE, I didn't gain a single pip since I wasn't sticking to my strategy, and today I lost a hell of pips
I mentioned that 2.0063 is the key of the day, I was stupid to put my SL @ the key of the day I would have put it 2 to 3 pips higher, I didn't know that Cable will intend to hit me this way, 2.0063 still today's high
Many traders doing the same... SL in keys levels.

Or some traders programs SL and limit (buy or sell) orders just for some pips with the same analysis (trend mind).

If you decided stop a loss.... you assume your previous analysis was wrong and the trend is opposite.

But if you decided stop a (short) loss and re enter a short position... then you need define your strategy (mind) or put your head in cold water. Because you are gift spread to the bank.

Just my opinion
  • #16,477
  • Jun 29, 2007 9:45am Jun 29, 2007 9:45am

any idea about this bullish...still can make a new high or cable ready to down

  • #16,478
  • Jun 29, 2007 9:47am Jun 29, 2007 9:47am
Quoting rizan

any idea about this bullish...still can make a new high or cable ready to down

cable ready to down
  • #16,479
  • Jun 29, 2007 9:48am Jun 29, 2007 9:48am
Quoting DutchTrader
I'm targeting 1.9927
I'm even more optimistic
  • #16,480
  • Jun 29, 2007 9:49am Jun 29, 2007 9:49am
Bad day trade for me. I lost 29 pips EU bullshit... that pair looks like 1.36 soon
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