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Cable Update (GBPUSD)

  • #23,121
  • Aug 8, 2007 10:30pm Aug 8, 2007 10:30pm
can't you just feel it comming. it should start to move around 1am but the big move should kick in when news comes out, im already in position im off to bed il check what happen at 5am.
If I Go Broke Trying Then I Will die happy.
  • #23,122
  • Aug 8, 2007 10:42pm Aug 8, 2007 10:42pm
Quoting Moe
can't you just feel it comming. it should start to move around 1am but the big move should kick in when news comes out, im already in position im off to bed il check what happen at 5am.
Yeah.. i also think that trade balance news will be the trigger for the big blast.. already got my long position covered with tight SL just a bit outside of the range.. sell limit set on place.. and im ready to go.. bring it on baby..
  • #23,123
  • Aug 8, 2007 11:02pm Aug 8, 2007 11:02pm
Quoting dd33
Yeah.. i also think that trade balance news will be the trigger for the big blast.. already got my long position covered with tight SL just a bit outside of the range.. sell limit set on place.. and im ready to go.. bring it on baby..

We are not fighting against the Bull n the Bear
We are fighting against our own greed n fear - http://www.forexfactory.com/images/buttons/quote.gif
so... your long position covered with tight SL is the fear
and... sell limit set on place is your greed?

To be or not to be, that's the question
  • #23,124
  • Aug 8, 2007 11:19pm Aug 8, 2007 11:19pm
everyone is looking to go long i see, well i have a short at .0357 with stop on it. will put a buy stop soon but i dont think it will blast off like expected..
  • #23,125
  • Aug 8, 2007 11:22pm Aug 8, 2007 11:22pm
Quoting hoezhiens
so... your long position covered with tight SL is the fear
and... sell limit set on place is your greed?

U can say it like that my fren.. Fear that my profits taken back by the market.. so cover it with SL..
but the other one.. i think its also Fear.. Fear that i might be left alone on the station while everyone else ride on the train..
  • #23,126
  • Aug 9, 2007 12:03am Aug 9, 2007 12:03am
I'm putting on my seatbelt.

Hoping the last hour of the dow was a bluff.
  • #23,127
  • Edited 12:59am Aug 9, 2007 12:05am | Edited 12:59am
Quoting hoezhiens
ups sorry, i mean 2.0305
Sorry for off-topic.....

I saw your chart has marked with Fibonacci retracement, but your fibonacci ratio were followed by a @price number behind it. Is it a standard indicator of MT4?

I am looking for similar function for a long time, would you (or anybody) please tell me how to show up the price with fibonacci ratio together ?

BTW, return to the situation of cable, I am long bias. Price just hold at weekly pivot from yesterday, but higher than daily pivot today, and there is a tiny bounce up from weekly pivot. MACD above zero, and price will break up a 4H TD-trendline if it keeps hold this level up for next 12 hours.

I also agree that the price will go down first before it up since 1H and 4H stoch shown, but I believe the retrace will not lower than 0250~0240 (61.8% of yesterday crazy soar, also near daily pivot of yesterday). The worst bottom is 0225, 4H 250EMA.

I have long@0360, since I always fix initial SL to 190 pip, I believe the techi in above won't hurt me, and long term trend still point to north in this month. In fundamental, I heard the last month Trade Balance was revised up to GBP6.9bn from the original GBP6.3bn, since the forecast is GBP6.5bn, it maybe an extra protection to my order.
- Ray Tracy - Novice forex trader from GMT+8
  • #23,128
  • Aug 9, 2007 12:44am Aug 9, 2007 12:44am
somebody is pushing cable up.. bull-trap? or the beginning of move?
  • #23,129
  • Aug 9, 2007 12:44am Aug 9, 2007 12:44am
Quoting raytracy
Sorry for off-topic.....

I saw your chart has marked with Fibonacci retracement, but your fibonacci ratio were followed by a @price number behind it. Is it a standard indicator of MT4?

I am looking for similar function for a long time, would you (or anybody) please tell me how to show up the price with fibonacci ratio together ?

BTW, return to the situation of cable, I am long bias. Price just hold at weekly pivot from yesterday, but higher than daily pivot today, and there is a tiny bounce up from weekly pivot. MACD above zero, and price will break up a 4H TD-trendline if it keeps hold this level for next 12 hours.

I also agree that the price will go down first before it up since 1H and 4H stoch shown, but I believe the retrace will not lower than 0250~0240 (61.8% of yesterday crazy soar, also near daily pivot of yesterday). The worst bottom is 0225, 4H 250EMA.

I have long@0360, since I always fix initial SL to 190 pip, I believe the techi in above won't hurt me, and long term trend still point to north in this month.
Great analysis.. just keep in mind that sometimes TA means nothing during news.. but judging from ur SL.. u must be a long term player so may be news volatility wont touch u.
  • #23,130
  • Aug 9, 2007 1:21am Aug 9, 2007 1:21am
Quoting raytracy
Sorry for off-topic.....

I saw your chart has marked with Fibonacci retracement, but your fibonacci ratio were followed by a @price number behind it. Is it a standard indicator of MT4?

I am looking for similar function for a long time, would you (or anybody) please tell me how to show up the price with fibonacci ratio together ?
Here's how you do it:
1.Place your fibo retracement in mt4
2.Go to objects --> object list
3.Edit --> fibo levels
4. Change in the description field--> 0@%$ --> for 0% and so on
5. You can add another level --> e.g: -100 or +161.8

BINGO ...
To be or not to be, that's the question
  • #23,131
  • Aug 9, 2007 1:22am Aug 9, 2007 1:22am
my buy limit was triggered at .0395 then immediately droped 19pips... i use tight stops so if it goes down instead im safe.

what positions are in place guys?
  • #23,132
  • Aug 9, 2007 1:26am Aug 9, 2007 1:26am
Quoting raytracy
BTW, return to the situation of cable, I am long bias. Price just hold at weekly pivot from yesterday, but higher than daily pivot today, and there is a tiny bounce up from weekly pivot. MACD above zero, and price will break up a 4H TD-trendline if it keeps hold this level up for next 12 hours.

I also agree that the price will go down first before it up since 1H and 4H stoch shown, but I believe the retrace will not lower than 0250~0240 (61.8% of yesterday crazy soar, also near daily pivot of yesterday). The worst bottom is 0225, 4H 250EMA.

I have long@0360, since I always fix initial SL to 190 pip, I believe the techi in above won't hurt me, and long term trend still point to north in this month. In fundamental, I heard the last month Trade Balance was revised up to GBP6.9bn from the original GBP6.3bn, since the forecast is GBP6.5bn, it maybe an extra protection to my order.
I appreciate your point of view, makes me think a new way...
And about your SL , I agree with dee that you are long term player..
May I ask you question , what your projection for hmm say it december 2007?
Heehhehehe...
To be or not to be, that's the question
  • #23,133
  • Aug 9, 2007 1:27am Aug 9, 2007 1:27am
Quoting Tatton
my buy limit was triggered at .0395 then immediately droped 19pips... i use tight stops so if it goes down instead im safe.

what positions are in place guys?
I still hold my long from .0349. But change SL to BE already.
  • #23,134
  • Aug 9, 2007 1:29am Aug 9, 2007 1:29am
hello everyone.

I have been following the forum for a while now, and this is my first post

Im long at 2.0370. I did happen to catch 105pips of yesterdays jump up. So lets see what happens...
  • #23,135
  • Aug 9, 2007 1:31am Aug 9, 2007 1:31am
Quoting holland_j
hello everyone.

I have been following the forum for a while now, and this is my first post

Im long at 2.0370. I did happen to catch 105pips of yesterdays jump up. So lets see what happens...
Hi.. Holland_j.. welcome.. and seems like u have made some profits too.. Keep up the good work..
  • #23,136
  • Aug 9, 2007 1:36am Aug 9, 2007 1:36am
Hi
i am Faiz and i have fifteen Years expirance in this filed i think in the coming days GBP and Euro will sell and might be you will find it at 1.9440 and 1.2666
you can play sell from here .
  • #23,137
  • Aug 9, 2007 1:40am Aug 9, 2007 1:40am
Quoting fazi_fx
Hi
i am Faiz and i have fifteen Years expirance in this filed i think in the coming days GBP and Euro will sell and might be you will find it at 1.9440 and 1.2666
you can play sell from here .
Wow.. 1st post and making a long term call to 1.9440 already?? Be careful my friend or u might end up no.4 in cesarnc's hall of fame for lousy calls.. :
  • #23,138
  • Aug 9, 2007 1:46am Aug 9, 2007 1:46am
I'm long too.. expecting some great moves when london enters... now it's yoyo
  • #23,139
  • Aug 9, 2007 1:47am Aug 9, 2007 1:47am
Quoting dd33
Wow.. 1st post and making a long term call to 1.9440 already?? Be careful my friend or u might end up no.4 in cesarnc's hall of fame for lousy calls.. :

But on the otherside faiz or fazi I don't know which one is correct, you wrote both , I wish you happy trading and success
  • #23,140
  • Aug 9, 2007 1:53am Aug 9, 2007 1:53am
Quote
Originally Posted by dd33 http://www.forexfactory.com/images/buttons/viewpost.gif
Wow.. 1st post and making a long term call to 1.9440 already?? Be careful my friend or u might end up no.4 in cesarnc's hall of fame for lousy calls.. :

Quoting pino2

But on the otherside faiz or fazi I don't know which one is correct, you wrote both , I wish you happy trading and success
If Bernanke posted here - it would be his first post also...
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