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Cable Update (GBPUSD)

  • #22,241
  • Aug 2, 2007 3:48pm Aug 2, 2007 3:48pm
Quoting allserene
George Bush should not be president based on the fundamentals of his abilities and image - but he is. So dump all concepts of what 'should happen' and never be surprised - and then you stand a chance.
I vote that quote to be an instant classic.
  • #22,242
  • Aug 2, 2007 3:49pm Aug 2, 2007 3:49pm
Quoting allserene
Ignoring your constant references to defecation which ...
George Bush ....
There you go: Two references to defecation

  • #22,243
  • Aug 2, 2007 4:05pm Aug 2, 2007 4:05pm
Alls, some serious truths just told, wonder if anyone conceptualizes their depth
"Millionaires don't use astrology, billionaires do"
  • #22,244
  • Aug 2, 2007 4:26pm Aug 2, 2007 4:26pm
Meanwhile................
Attached Image
For he that would be deceived, let him.
  • #22,245
  • Aug 2, 2007 4:31pm Aug 2, 2007 4:31pm
Quoting pinchapip
Meanwhile................
I thought hanging out with riff-raff, jaibirds, and known criminals was a no-no for FX careers. Especially when they are overly-televized idiots
  • #22,246
  • Aug 2, 2007 4:39pm Aug 2, 2007 4:39pm
Quoting HalifaxCB
I thought hanging out with riff-raff, jaibirds, and known criminals was a no-no for FX careers. Especially when they are overly-televized idiots
.......
Attached Image
For he that would be deceived, let him.
  • #22,247
  • Aug 2, 2007 4:42pm Aug 2, 2007 4:42pm
Quoting Mrpipmaster
Move to England! One less problem here! Don't let the door hit you in the Butt!! Thats what I think about peeps who don't like what is going on here in the good old USA!! Not perfect here, but i have seen most all other Countries outside the (US) and it is still the best. Good luck on your Buy of LB
Not perfect here, ... US is still the best. No argument on that, but please leave your loyalty behind in this Forex world, no place for it!!! I will buy or gladly sell the mighty dollars if those make me tons of money instead of following blind obedience to this dollar devaluation and give my hard earned cash to some big banks and someone's else leased BMW.

Pino:
I know you're a good trader and I think you should stand back a little bit to take a look at the bigger picture. The US dollars is down right now, but it's still the best currency in the world bar none and maybe it's just a trending yearly cycle and who's know in the next year it will put the Pound to where it should belong in the 1.800 range. But look at a brighter side, your Canadian Dollar is very strong right now. Well, that's the DOLLAR right!
  • #22,248
  • Aug 2, 2007 5:34pm Aug 2, 2007 5:34pm
Quoting pino2
Cable you are shit and I can't see anything logical regarding your move upwards and I'm seriuosly thinking to quit trading, as I know if the rate is not changed so this means that cable to go down, but this didn't happen and it started to go up in a crazy way, I have 4 lots short @ 2.0241, 2.0351 (2 lots) and 2.0371, and I can't see any good sign for cable to stop this bullshit

You can be very happy if you are short only with 4 lots. I have much bigger position with entry @ 2.0270.
  • #22,249
  • Aug 2, 2007 5:47pm Aug 2, 2007 5:47pm
I am Cable short
TRADE LIKE A MACHINE!
  • #22,250
  • Aug 2, 2007 8:08pm Aug 2, 2007 8:08pm
Quoting emptmata
Last middle march 07 until end april 07 Cable Run 900 pips(within about 6 week) Roughly forming 2 big rally about up 500 pip on first,than down and up again to complete with 900 pips. So if cable repeat this rally may it go until 2.0440-60
before take a break. This only my thought.

But if GBP duplicate last time Rally Totally. GBP has to touch around 2.0550-2.060
which is hard for myself to bealive this....
What is hard for me to bealive (during middle last month)is already happen.
During turning point at 2.06,i lost 23K because to greedy did not put stop
lost on my long position....margin call,than i'm finished.

Now i deposit money again and hope cable will start worm up next week
to try to beat all time high again end of this month.Than i can recover my lost back + profit.

My worry area is on inflation data,what figure come out?

Cenarnc.... please teach me how to smell turning point of cable
I normally take short to early....
  • #22,251
  • Aug 2, 2007 8:52pm Aug 2, 2007 8:52pm
I don't normally trade Cable, made a couple of small 40pip profit.
But seems like there a small opportunity for a short term up-move.
Buy at 360. Let's see...
Chances favour the prepared.
  • #22,252
  • Aug 2, 2007 9:38pm Aug 2, 2007 9:38pm
Quoting jasonowl
I don't normally trade Cable, made a couple of small 40pip profit.
But seems like there a small opportunity for a short term up-move.
Buy at 360. Let's see...
Im not so sure bout going long atm.. Cable failed to breach .377 (2 days ago high) stop to the pip and turning back. So we might see some resistance here. Close above this will confirm long.
  • #22,253
  • Aug 2, 2007 9:40pm Aug 2, 2007 9:40pm
Cable is heading north...
  • #22,254
  • Aug 2, 2007 9:40pm Aug 2, 2007 9:40pm
Quoting emptmata
What is hard for me to bealive (during middle last month)is already happen.
During turning point at 2.06,i lost 23K because to greedy did not put stop
lost on my long position....margin call,than i'm finished.

Now i deposit money again and hope cable will start worm up next week
to try to beat all time high again end of this month.Than i can recover my lost back + profit.

My worry area is on inflation data,what figure come out?

Cenarnc.... please teach me how to smell turning point of cable
I normally take short to early....
Risk control is far more important then when to buy or sell. How much I can lose should be considered before how much I can win.
  • #22,255
  • Aug 2, 2007 9:54pm Aug 2, 2007 9:54pm
Quoting questtrader
Cable is heading north...
I'm glad you straightened that out. You say it going north so I guess its going north. Phew, now I won't have to waste time watching the charts.

BTW

When the going gets tough
The tough get going

Is how the saying goes.
  • #22,256
  • Aug 2, 2007 11:10pm Aug 2, 2007 11:10pm
Quoting SunTrader
Risk control is far more important then when to buy or sell. How much I can lose should be considered before how much I can win.
thanks for the advice.Now i try to control myself not to be overtrade.
sometimes hand too itchy to push buy/sell button.

Very hard fighting with myself
  • #22,257
  • Aug 2, 2007 11:51pm Aug 2, 2007 11:51pm
Quoting froland
I am Cable short
it don't look good for shorts.
If I Go Broke Trying Then I Will die happy.
  • #22,258
  • Aug 3, 2007 12:22am Aug 3, 2007 12:22am
Quoting cesarnc
Also this is NFP's eve so poor moves are expected.

I'm also cable short and he's my view for the upcoming days:

- Strong NFP - cable down, close at day's low, next week bearish candle

- Poor NFP - cable up, close at day's high, next week bearish candle: this scenario would be awesome to start next week short.

As the corrective period is in place, all longs are to be taken careful and quickly, while shorts are to be taken for larger term (days/weeks). Corrective periods in cable usually forms a downwards channel, so the profit comes eventually.

To note that I quit trading for small 20 quickie pippies for a long time.

Cable is 2.00## sometime in the next weeks, expecting a bumpy ride, though.
I don't understand your view cesarnc... you said:
- Strong NFP - cable down, close at day's low, next week bearish candle

- Poor NFP - cable up, close at day's high, next week bearish candle: this scenario would be awesome to start next week short.

i think if poor nfp occurs then next week would be bullish candle isn't it?
But for now i'm short from 2.0360 because i see double top in my daily and weekly chart
To be or not to be, that's the question
  • #22,259
  • Aug 3, 2007 1:18am Aug 3, 2007 1:18am
short from 2.0362 for 40 pips...from 4hr chart!
  • #22,260
  • Aug 3, 2007 1:22am Aug 3, 2007 1:22am
Quoting 30pips
short from 2.0362 for 40 pips...from 4hr chart!
40 pips?? This baby can go 80 pips if in full range condition.
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