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Cable Update (GBPUSD)

  • #17,621
  • Jul 6, 2007 7:45am Jul 6, 2007 7:45am
Quoting MPP
Can you enlighten the new trader as to why these points are important.
Usually when the deep pockets join the party, after we greedy rats shake up the market.
  • #17,622
  • Jul 6, 2007 7:45am Jul 6, 2007 7:45am
ooooooooooooooppss, we have grueling week

i hope more pips for next week
  • #17,623
  • Jul 6, 2007 7:46am Jul 6, 2007 7:46am
Actually this isn't a good play today, both GBP and USD had good data. Now the market has to figure out which data trumps which, or which data they prefer if you will.
Patience + Humility + Study = Success
  • #17,624
  • Jul 6, 2007 7:46am Jul 6, 2007 7:46am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
cesarnc...are you waiting for move conformation?
  • #17,625
  • Jul 6, 2007 7:47am Jul 6, 2007 7:47am
Should we trade the revision or the new number? Whipsaw stopped my SL, how sad.......
Hello World
  • #17,626
  • Jul 6, 2007 7:48am Jul 6, 2007 7:48am
GU @ low 60's now...

I see Level II with 30's start to appear...
  • #17,627
  • Jul 6, 2007 7:48am Jul 6, 2007 7:48am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting cesarnc
Usually when the deep pockets join the party, after we greedy rats shake up the market.
Makes sense, thank you.
  • #17,628
  • Jul 6, 2007 7:48am Jul 6, 2007 7:48am
Quoting DutchTrader
Actually this isn't a good play today, both GBP and USD had good data. Now the market has to figure out which data trumps which, or which data they prefer if you will.
Dutch - I think you have hit the nail on the head here! Agree....
  • #17,629
  • Jul 6, 2007 7:50am Jul 6, 2007 7:50am
Just TP'd for 10 pips, disgusting, but true.

So far a 30 pips NFP. disgusting but true.

calling it a week on GU. Still long in UJ. disgusting, but true
  • #17,630
  • Jul 6, 2007 7:50am Jul 6, 2007 7:50am
Quoting angiegiles00
Dutch - I think you have hit the nail on the head here! Agree....
Yep GBP Bulls and USD Bulls butting heads, its obvious on the 15m and 30 min charts, GBP bulls desparate for a close above 2.0000 and USD Bulls for a close around 1.9960
Patience + Humility + Study = Success
  • #17,631
  • Jul 6, 2007 7:50am Jul 6, 2007 7:50am
Here comes the bear.....Bull.......No....Yes......WTH?

Trading the LAS VEGAS....Number better than expected, last month's revision....Should we take the average?! That would be trading the MIT, hehehehe
Hello World
  • #17,632
  • Jul 6, 2007 7:55am Jul 6, 2007 7:55am
holy goodness...
good!!!!! happy i kept those shorts, short
  • #17,633
  • Jul 6, 2007 7:57am Jul 6, 2007 7:57am
If is Bulls and Bears, so I'm out, I closed my buy order @ BE, and better to keep watching
  • #17,634
  • Jul 6, 2007 7:57am Jul 6, 2007 7:57am
market still offer
"Millionaires don't use astrology, billionaires do"
  • #17,635
  • Jul 6, 2007 7:58am Jul 6, 2007 7:58am
It is now look like Las Vegas Board now, despite of good number this month (better than expected), the pair goes no where clear....


Soon, the 2nd candle of 15min chart finished, I'll take a clear position...Now, the chance is little, I better play poker in Las Vegas lol....
Hello World
  • #17,636
  • Jul 6, 2007 7:58am Jul 6, 2007 7:58am
It doesn't want to go down, look at EU.. crazy
Trade what you see, not what you think.
  • #17,637
  • Jul 6, 2007 7:58am Jul 6, 2007 7:58am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
yes...but what will you take?
  • #17,638
  • Jul 6, 2007 8:01am Jul 6, 2007 8:01am
I am still holding long, only 8 lots so I dont care.
  • #17,639
  • Jul 6, 2007 8:01am Jul 6, 2007 8:01am
The time I closed my buy order the prices went up 20 pips
  • #17,640
  • Jul 6, 2007 8:01am Jul 6, 2007 8:01am
turning bullish again?
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