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Cable Update (GBPUSD)

  • #28,121
  • Aug 31, 2007 4:16am Aug 31, 2007 4:16am
Chart is staying and can not decide which direction to go. At chart we can see that resistance is broken, but it's not going higher.
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File Type: zip chart 31.08.zip   86 KB | 345 downloads
  • #28,122
  • Aug 31, 2007 4:16am Aug 31, 2007 4:16am
so, E/U going under 1.36?
  • #28,123
  • Aug 31, 2007 4:17am Aug 31, 2007 4:17am
Quoting Qu|cksilver
Market sucks!! I've been waiting for 25hrs to break the resistance!
It will Qs, just wait...
Hello World
  • #28,124
  • Aug 31, 2007 4:18am Aug 31, 2007 4:18am
Bull is strong today...
Hello World
  • #28,125
  • Aug 31, 2007 4:21am Aug 31, 2007 4:21am
Quoting waf_1988
Bull is strong today...
Not enough strong... so far...
.
  • #28,126
  • Aug 31, 2007 4:22am Aug 31, 2007 4:22am
I was wondering, what do you think is the best; I'm on a long position, should I sell it @ 2.0170 then reenter again after 180 is broken?
  • #28,127
  • Aug 31, 2007 4:23am Aug 31, 2007 4:23am
Quoting bullrock
Not enough strong... so far...
2.0173 so far so high... A higher high right?! Shall the bull rule...

Wait, we need to confirm this after the speech of course...

Suggest please....
Hello World
  • #28,128
  • Aug 31, 2007 4:24am Aug 31, 2007 4:24am
Quoting phn
I was wondering, what do you think is the best; I'm on a long position, should I sell it @ 2.0170 then reenter again after 180 is broken?
Hell knows... Ask Gearge Bush... or Soros Jr
.
  • #28,129
  • Aug 31, 2007 4:25am Aug 31, 2007 4:25am
Quoting waf_1988
2.0173 so far so high... A higher high right?! Shall the bull rule...

Wait, we need to confirm this after the speech of course...

Suggest please....
We need a catalyst power to break through... news or whatever... (shift in psychology I would say)
.
  • #28,130
  • Aug 31, 2007 4:25am Aug 31, 2007 4:25am
Quoting phn
I was wondering, what do you think is the best; I'm on a long position, should I sell it @ 2.0170 then reenter again after 180 is broken?
There will be a lot of volatility during and after Bernanke's speech. Market could go in either direction. IMHO, it's a wait and see game.
  • #28,131
  • Aug 31, 2007 4:26am Aug 31, 2007 4:26am
my suggestion, don't sell it first but put tight stoploss. price will go more higher then sell it when the market get drunk!

Quoting phn
I was wondering, what do you think is the best; I'm on a long position, should I sell it @ 2.0170 then reenter again after 180 is broken?
"Invest With The Insiders, Not The Masses" George Muzea
  • #28,132
  • Aug 31, 2007 4:28am Aug 31, 2007 4:28am
woohoo <o/
  • #28,133
  • Aug 31, 2007 4:28am Aug 31, 2007 4:28am
Quoting bullrock
We need a catalyst power to break through... news or whatever... (shift in psychology I would say)
In what level will it be psychologically?! The pair is testing the high again...That can cause panic for me...

Anyway, how's your trading?! On a position yet? How's your weekly target?
Hello World
  • #28,134
  • Aug 31, 2007 4:30am Aug 31, 2007 4:30am
pino will be in a bad mood :<
  • #28,135
  • Aug 31, 2007 4:30am Aug 31, 2007 4:30am
f**k me oandas spread is 15 pis for cable, does that mean low liquidity or they are loosing ...
  • #28,136
  • Aug 31, 2007 4:30am Aug 31, 2007 4:30am
Thank you cable
I'm out
  • #28,137
  • Aug 31, 2007 4:31am Aug 31, 2007 4:31am
There you go
.
  • #28,138
  • Aug 31, 2007 4:33am Aug 31, 2007 4:33am
Quoting pino2
Thank you cable
I'm out
Forget this one, think about the next

  • #28,139
  • Aug 31, 2007 4:35am Aug 31, 2007 4:35am
Quoting cesarnc
Forget this one, think about the next

SL was hit
-397 pips
  • #28,140
  • Aug 31, 2007 4:36am Aug 31, 2007 4:36am
I got this one on Bloomberg

Aug. 31 (Bloomberg) -- Stocks in Europe and Asia rose, led by mining companies and exporters, before an announcement by U.S. President George W. Bush of measures to help subprime-mortgage borrowers. Standard & Poor's 500 Index futures rallied.

Futures on bloomberg still sharply negative and I didn't see that GWB news in any other source... Did someone see the news somewhere else?
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