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Cable Update (GBPUSD)

  • #17,681
  • Jul 6, 2007 8:52am Jul 6, 2007 8:52am
Quoting OrionsWay
Yep 4hrs looks like a temporary bounce of 50 bar sma.
Yep, that spike at 2.0056 ahead of key 2.0033 was just that. Now I'm waiting for a retest of that support
Patience + Humility + Study = Success
  • #17,682
  • Jul 6, 2007 8:52am Jul 6, 2007 8:52am
Quoting DutchTrader
Yeah 4hr chart shows my move.
Yesterday I was USD bearish, just from the point of view that just after interest rate was announced I thought the initial move would see a reversal and I shorted, netting 70 pips.

Today, and now after NFP, I have been looking at 4hr and 1hr and considering now is good time to go long.

I am still new to all this, but that is what my trading plan is telling me....
  • #17,683
  • Jul 6, 2007 8:52am Jul 6, 2007 8:52am
Quoting MPP
Using FXCM, so would prefer chart that works on that platform, rather than changing my broker.
FXCM has charting, or the used to anyways forget the name though. i know it was on a different server

but u can just use as a stand alone for charting MT4 cuz u should have your levels of trade already decided, then just switch platform to execute
"Millionaires don't use astrology, billionaires do"
  • #17,684
  • Jul 6, 2007 8:52am Jul 6, 2007 8:52am
Quoting pino2
Cable, are we going to stay the whole session watching you in 2.008's area
yes maam
Trade what you see, not what you think.
  • #17,685
  • Jul 6, 2007 8:54am Jul 6, 2007 8:54am
The same old crap.

USD-index at 81.5 no one wants to be the first one to sell dollar from here, no one is crazy enough to hold "hot potato" dollar in his hands for too long.

We may have seen our Friday.
  • #17,686
  • Jul 6, 2007 8:56am Jul 6, 2007 8:56am
Quoting cesarnc
The same old crap.

USD-index at 81.5 no one wants to be the first one to sell dollar from here, no one is crazy enough to hold "hot potato" dollar in his hands for too long.

We may have seen our Friday.
Yep, I'm about to cash out one short at a -10 pip and one short at + 50. All in all a mixed day.
Patience + Humility + Study = Success
  • #17,687
  • Jul 6, 2007 8:56am Jul 6, 2007 8:56am
Quoting DutchTrader
Yep, that spike at 2.0056 ahead of key 2.0033 was just that. Now I'm waiting for a retest of that support
So am I. And when it reaches i'll go long big time
No Brain, no Gain.
  • #17,688
  • Jul 6, 2007 8:59am Jul 6, 2007 8:59am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting OrionsWay
FXCM has charting, or the used to anyways forget the name though. i know it was on a different server

but u can just use as a stand alone for charting MT4 cuz u should have your levels of trade already decided, then just switch platform to execute
PLatform has charts built in, but only covers month, week, day, 60, 30, 15, 5, 1 and tick.

seems to be missing some important info. they have others to download, will try some of them.

many thanks.
  • #17,689
  • Jul 6, 2007 8:59am Jul 6, 2007 8:59am
Quoting cesarnc
The same old crap.

USD-index at 81.5 no one wants to be the first one to sell dollar from here, no one is crazy enough to hold "hot potato" dollar in his hands for too long.

We may have seen our Friday.
  • #17,690
  • Jul 6, 2007 8:59am Jul 6, 2007 8:59am
The bulls need to step in and buy the market right now, before the fix. Otherwise by looking at weekly chart I see a LONG wick. Hence not so good for the longs
  • #17,691
  • Jul 6, 2007 9:00am Jul 6, 2007 9:00am
Quoting BGazzoni
So am I. And when it reaches i'll go long big time
We should keep an eye on EU, its been a beast post NFP. Apparently establishing a new range higher. I believe that's preventing our 2.0033 level from being reached.
Patience + Humility + Study = Success
  • #17,692
  • Jul 6, 2007 9:03am Jul 6, 2007 9:03am
Quoting DutchTrader
We should keep an eye on EU, its been a beast post NFP. Apparently establishing a new range higher. I believe that's preventing our 2.0033 level from being reached.
Yes, i had a short since yesterday and i saw a nice position become at +8 only.

But i'm still think that euro can't hold 1.3650, let's see
No Brain, no Gain.
  • #17,693
  • Jul 6, 2007 9:07am Jul 6, 2007 9:07am
0100 is at the hourly trendline (0202 - 0123). If it goes, next is 0132.

We may NOT have seen our Friday.
  • #17,694
  • Jul 6, 2007 9:08am Jul 6, 2007 9:08am
Nothing is over yet, we are going to see some great moves.. have some patience
Trade what you see, not what you think.
  • #17,695
  • Jul 6, 2007 9:08am Jul 6, 2007 9:08am
Quoting pipsimax
Hi pippers !
first post here ...
when it breaks 0095 we have an uptrend i think 0088 is very strong
cable goes for a long ride now i hope..

long @0075
  • #17,696
  • Jul 6, 2007 9:10am Jul 6, 2007 9:10am
I am long Cable Long Long cable long
  • #17,697
  • Jul 6, 2007 9:11am Jul 6, 2007 9:11am
I took a blood chilling long at 0087 earlier
  • #17,698
  • Jul 6, 2007 9:13am Jul 6, 2007 9:13am
Nasty business huh?

Love Fridays
  • #17,699
  • Jul 6, 2007 9:19am Jul 6, 2007 9:19am
Quoting pipsimax
cable goes for a long ride now i hope..

long @0075
cable back in the wide open hedding for 0200...
  • #17,700
  • Jul 6, 2007 9:21am Jul 6, 2007 9:21am
NFP good numbers for USD, plus a revision boost....and g/u went down and went up.....kinda strong g/u i would say.

I think we MAY close g/u above 2.0150 today.

USD still weak.

I guess a lot of ppl are in shorts......kinda feel trap heh?
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