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Cable Update (GBPUSD)

  • #16,481
  • Jun 29, 2007 9:49am Jun 29, 2007 9:49am
Quoting pablorpl
cable ready to down
This next hour will truly tell us, with end of month/quarter and profit taking.
  • #16,482
  • Jun 29, 2007 9:51am Jun 29, 2007 9:51am
Hey Bearish Cable Church followers... Soon you will be tagged "fundamentalists" here

  • #16,483
  • Jun 29, 2007 9:52am Jun 29, 2007 9:52am
Quoting free4440273
I'm even more optimistic
Think 9850 very realistic and good target....

Still maintain 9750 principal target..... but i don't see 9730 (9750 is key level and very strong support)
  • #16,484
  • Jun 29, 2007 9:56am Jun 29, 2007 9:56am
Quoting cesarnc
Hey Bearish Cable Church followers... Soon you will be tagged "fundamentalists" here


hahaha.

well... I trade fundamentals... so that's right ROFL
  • #16,485
  • Jun 29, 2007 9:59am Jun 29, 2007 9:59am
10:58Here comes month end ,2nd quarter end fixes

Fireworks?
  • #16,486
  • Jun 29, 2007 10:01am Jun 29, 2007 10:01am
Short 20060 Tight SL, let's see..
  • #16,487
  • Jun 29, 2007 10:03am Jun 29, 2007 10:03am
ahem... if you look at daily chart, i think you can see the last 11 days (including today) with higher lows. there was only one day when lowest was 1.9929. other than that, i see it's constantly making new highs... and no lower lows...
weekly says the same thing.
think about it.

Quoting pablorpl
Think 9850 very realistic and good target....

Still maintain 9750 principal target..... but i don't see 9730 (9750 is key level and very strong support)
Nihil Sine Deo.
  • #16,488
  • Jun 29, 2007 10:05am Jun 29, 2007 10:05am
Quoting Scrat
ahem... if you look at daily chart, i think you can see the last 11 days (including today) with higher lows. there was only one day when lowest was 1.9929. other than that, i see it's constantly making new highs... and no lower lows...
weekly says the same thing.
think about it.
Nice try Scrat. All you got is your name in the "Heretic Hall of Fame", just below mine.
  • #16,489
  • Jun 29, 2007 10:08am Jun 29, 2007 10:08am
1 tick at 0080 and I'm calling it a week, C'MON!
  • #16,490
  • Jun 29, 2007 10:09am Jun 29, 2007 10:09am
Quoting fx1711
Short 20060 Tight SL, let's see..
Not a good decission to short @ this level, except if you have a very tight SL, besides that 2.0063 is almost broken
  • #16,491
  • Jun 29, 2007 10:10am Jun 29, 2007 10:10am
initial short position gu @ 2.0062.

early entry into short.
BAM BAM BOOM! -bravado
  • #16,492
  • Jun 29, 2007 10:14am Jun 29, 2007 10:14am
i just wanted to give a hint that g-u might be in an uptrend... you know... that thing with "higher highs and lower lows"...
classical.
but who cares about classics now... why keep it simple when you can make it complicated...

Quoting cesarnc
Nice try Scrat. All you got is your name in the "Heretic Hall of Fame", just below mine.
Nihil Sine Deo.
  • #16,493
  • Jun 29, 2007 10:16am Jun 29, 2007 10:16am
Quoting bravado
initial short position gu @ 2.0062.

early entry into short.

early entry...u would expect it to go 20130 today or early next week?
  • #16,494
  • Jun 29, 2007 10:18am Jun 29, 2007 10:18am
Quoting fx1711
early entry...u would expect it to go 20130 today or early next week?
it will NEVER reach 2.0130 today
  • #16,495
  • Jun 29, 2007 10:18am Jun 29, 2007 10:18am
Quoting fx1711
early entry...u would expect it to go 20130 today or early next week?
my short entry will be stopped out before it even gets there.
BAM BAM BOOM! -bravado
  • #16,496
  • Jun 29, 2007 10:22am Jun 29, 2007 10:22am
Quoting fx1711
early entry...u would expect it to go 20130 today or early next week?
If it stays at this level we will see 2.0130 on 4th of July.....

And the day right before BOE rate statement...plus US markets will be closed. You know how folks like to have fun in the markets on US holidays..
  • #16,497
  • Jun 29, 2007 10:29am Jun 29, 2007 10:29am
short 0063 added
  • #16,498
  • Jun 29, 2007 10:49am Jun 29, 2007 10:49am
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
HAHA! this is too good.

You're shorting this market (see picture below) but you blame your stoploss placement...

I wonder when the F will people learn that swimming against the flow takes twice as much effort and it's half as rewarding that going with the trend...

I keep reading this same thing over and over and over here at the Factory, and yet people keep trying to fade the trend instead of trying to ride it, and of course their stoplosses keep being hit, but they wouldnt learn...

Is it fashionable now a days to try to pick trend tops/bottoms or something?
Attached Image
  • #16,499
  • Jun 29, 2007 10:54am Jun 29, 2007 10:54am
yet another short added @ .0064
  • #16,500
  • Jun 29, 2007 10:59am Jun 29, 2007 10:59am
some traders (me included)... like a salmon.

I try to capture trend change. I was long very time of that trend since 96s... however i was shutdown that position too early 99s... so that's was a big error.

I don't see GU uptrend (shorterm) very high.. that is the reason because i'm shorting... that's my system and work for me


Quoting WTB
HAHA! this is too good.

You're shorting this market (see picture below) but you blame your stoploss placement...

I wonder when the F will people learn that swimming against the flow takes twice as much effort and it's half as rewarding that going with the trend...

I keep reading this same thing over and over and over here at the Factory, and yet people keep trying to fade the trend instead of trying to ride it, and of course their stoplosses keep being hit, but they wouldnt learn...

Is it fashionable now a days to try to pick trend tops/bottoms or something?
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