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Cable Update (GBPUSD)

  • #20,621
  • Jul 22, 2007 7:47pm Jul 22, 2007 7:47pm
Quoting pino2
Where is cesarnc? he didn't show up since Friday, I hope that everything is ok, come back cesar the thread is calling you
Here, just checking the thread

Missed the whole party on Friday due to other biz to do. Damn market stopped me out on UJ. Still holding shorts on GU and EU no stop loss, aiming a correction, maybe someday. Until 0700, worth the R:R. After that? No idea .

I'm now trying to trade without the urgency of staying glued to this computer 15 hours a day...

Be back tomorrow...

Nice week to all.
  • #20,622
  • Jul 22, 2007 8:39pm Jul 22, 2007 8:39pm
Quoting Tragapips
Wwwin you´re right price is pushing the line and there´s no sign of a retracement yet but in my experience with channels normally price retrace at this levels and then price can continue its uptrend
put back that yellow flag, we are ready for another run
  • #20,623
  • Jul 22, 2007 8:49pm Jul 22, 2007 8:49pm
i see this pair pushing up past 600 level. whats you guy's analysis?
  • #20,624
  • Jul 22, 2007 9:03pm Jul 22, 2007 9:03pm
My 4 hr charts are very bullish now. I'm in long at 2.0567. I'm curious to see what happens if or when it gets 2.06.
  • #20,625
  • Jul 22, 2007 9:15pm Jul 22, 2007 9:15pm
Quoting coolhand
My 4 hr charts are very bullish now. I'm in long at 2.0567. I'm curious to see what happens if or when it gets 2.06.

lets hope it goes straight up and pass through it.
  • #20,626
  • Jul 22, 2007 9:33pm Jul 22, 2007 9:33pm
Quoting treadline
i see this pair pushing up past 600 level. whats you guy's analysis?
and longer term higher than that, the feds will have to lower b/c of the subprime crap, no way can the feds raise for awhile
  • #20,627
  • Jul 22, 2007 9:38pm Jul 22, 2007 9:38pm
I'm all for that treadline. I figure stops just above 2.06, if it breaks, it can run for awhile. I read a report targeting 2.0830, but how long that will take only god knows.

Quoting treadline
lets hope it goes straight up and pass through it.
  • #20,628
  • Jul 22, 2007 9:56pm Jul 22, 2007 9:56pm
Quoting coolhand
I'm all for that treadline. I figure stops just above 2.06, if it breaks, it can run for awhile. I read a report targeting 2.0830, but how long that will take only god knows.
to borrow soros favorite phrase, "sooner than you think"
  • #20,629
  • Jul 22, 2007 10:04pm Jul 22, 2007 10:04pm
Quoting wwwin
to borrow soros favorite phrase, "sooner than you think"

i bet he's yelling, "I TOLD YOU SO"
  • #20,630
  • Jul 22, 2007 10:10pm Jul 22, 2007 10:10pm
is there any holiday that i dont know about, as there is no news at all on monday?
  • #20,631
  • Jul 22, 2007 10:12pm Jul 22, 2007 10:12pm
look at the news on wed. as the u.s. housing market is below the previous. this will drive the pound even higher. so keep an eye on wed.
  • #20,632
  • Jul 22, 2007 10:22pm Jul 22, 2007 10:22pm
Quoting m00jiman
i bet he's yelling, "I TOLD YOU SO"
I had no problem with junior saying market was going higher. That has been the trend for a long time now, after all.

Just not in the time frame he was calling for.

Other thing is, I always question someone who is sure of themselves. And try not to be that way myself. The "market" determines where price will go, not any one particular trader.
  • #20,633
  • Jul 22, 2007 10:25pm Jul 22, 2007 10:25pm
Quoting treadline
look at the news on wed. as the u.s. housing market is below the previous. this will drive the pound even higher. so keep an eye on wed.
i am totally 1000% agree with u...
  • #20,634
  • Jul 22, 2007 10:30pm Jul 22, 2007 10:30pm
Quoting SunTrader
I had no problem with junior saying market was going higher. That has been the trend for a long time now, after all.

Just not in the time frame he was calling for.

Other thing is, I always question someone who is sure of themselves. And try not to be that way myself. The "market" determines where price will go, not any one particular trader.
at this moment, the market tells me that cable is still going up... the impulsive wave UT is still very very very strong.... be careful if u want to find reversal/retracement/correction for short as u might not find it at this moment of time....
  • #20,635
  • Jul 22, 2007 10:33pm Jul 22, 2007 10:33pm
Quoting m00jiman
i bet he's yelling, "I TOLD YOU SO"
Take a look at " keeping your mouth shut " thread
If I Go Broke Trying Then I Will die happy.
  • #20,636
  • Jul 22, 2007 10:44pm Jul 22, 2007 10:44pm
Seems like we need to retrace about 10-15 pips to help it push past 600. We're just sitting on mud right now. I'm so bored.
  • #20,637
  • Jul 22, 2007 10:56pm Jul 22, 2007 10:56pm
Quoting Moe
Take a look at " keeping your mouth shut " thread

haha, i thought you were being sarcastic and askin me to keep my mouth shut. i went and checkd, and thread actually exists. I read it, good stuff.
thx!
  • #20,638
  • Jul 23, 2007 12:52am Jul 23, 2007 12:52am
Quoting Idriss
Seems like we need to retrace about 10-15 pips to help it push past 600. We're just sitting on mud right now. I'm so bored.
looks like 2.0600 can easily be reached before london open today
are we going to see 2.0700 today? wait and see...
  • #20,639
  • Jul 23, 2007 12:59am Jul 23, 2007 12:59am
I had a long trade @ 2.0555 closed @ 2.0575, and I took another long trade @ 2.0580 TP 2.0650 SL 2.0540
  • #20,640
  • Jul 23, 2007 1:04am Jul 23, 2007 1:04am
it just hit 600. hope it will go up further. well it should
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