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Cable Update (GBPUSD)

  • #29,921
  • Sep 11, 2007 4:15am Sep 11, 2007 4:15am
Quoting cesarnc
long cable long
long euro long

back to bed
the dead has risen.
If I Go Broke Trying Then I Will die happy.
  • #29,922
  • Sep 11, 2007 4:17am Sep 11, 2007 4:17am
one thing i learn about the cable is to never underestimate this fucccer or it will....make you look like a naughty little bear....
Attached Image
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #29,923
  • Sep 11, 2007 4:20am Sep 11, 2007 4:20am
Lol gotpips.. unfortunately no one can do a thing when a large firm steps in and buys/sells massive amounts of currency. We all might short GU based on tech+news.. and then Soros comes and buys 10 billion pounds.. can't see that coming :
  • #29,924
  • Sep 11, 2007 4:21am Sep 11, 2007 4:21am
true indeed, cable ain't nothing to fuc'k with. just when you scream short it says fuck you im long and just when you scream long it says fuck you im short. the games cable play sometimes
If I Go Broke Trying Then I Will die happy.
  • #29,925
  • Sep 11, 2007 4:25am Sep 11, 2007 4:25am
Yesssssssssssss, that's what I was waiting for, I still have my longs running, although it went to 2.0233 but I kept them running, and I had a new trade @ 2.0240 area, so now I have 5 long trades open.
  • #29,926
  • Sep 11, 2007 4:26am Sep 11, 2007 4:26am
Quoting Moe
true indeed, cable ain't nothing to fuc'k with. just when you scream short it says fuck you im long and just when you scream long it says fuck you im short. the games cable play sometimes

so true.....
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #29,927
  • Sep 11, 2007 4:30am Sep 11, 2007 4:30am
Moe.. u forgot to -bip- censor ur -bip- post..
  • #29,928
  • Sep 11, 2007 4:31am Sep 11, 2007 4:31am
Quoting pino2
Yesssssssssssss, that's what I was waiting for, I still have my longs running, although it went to 2.0233 but I kept them running, and I had a new trade @ 2.0240 area, so now I have 5 long trades open.
good to see that spirit pino.
If I Go Broke Trying Then I Will die happy.
  • #29,929
  • Sep 11, 2007 4:33am Sep 11, 2007 4:33am
Quoting dd33
Moe.. u forgot to -bip- censor ur -bip- post..
lol, naw i didn't forget, i hope non of you guys snitch me out.
If I Go Broke Trying Then I Will die happy.
  • #29,930
  • Sep 11, 2007 4:36am Sep 11, 2007 4:36am
GU should fall.. I mean, funamentally - the strong pound is hurting exports - but then we have super weak $ with obvious rate cuts looming which is pushing this one up. GU might take a pounding when (and if) Feds don't cut the rates.. as everyone is expecting a cut.
  • #29,931
  • Sep 11, 2007 4:46am Sep 11, 2007 4:46am
Moe where's your SL at?
  • #29,932
  • Sep 11, 2007 4:55am Sep 11, 2007 4:55am
Quote
Moe where's your SL at?

maybe 20179 ?
  • #29,933
  • Sep 11, 2007 4:59am Sep 11, 2007 4:59am
Quote
Moe where's your SL at?

I think his BE was at .0300
Hello World!
  • #29,934
  • Sep 11, 2007 5:00am Sep 11, 2007 5:00am
Maybe the 'disappointing' bids received by the debt management office (UK) will drive down the pound, even if its temporary
  • #29,935
  • Sep 11, 2007 5:02am Sep 11, 2007 5:02am
One of the main keys for cable today was 2.0313, it reached 2.0312 and then bounced off this level, and on the otherside there was another key which was 2.0237 which bounced off as well, I'm now confused
It bounced off from both level
  • #29,936
  • Sep 11, 2007 5:06am Sep 11, 2007 5:06am
Quoting VishalJ
GU should fall.. I mean, funamentally - the strong pound is hurting exports - but then we have super weak $ with obvious rate cuts looming which is pushing this one up. GU might take a pounding when (and if) Feds don't cut the rates.. as everyone is expecting a cut.
Totally Agree!!!
  • #29,937
  • Sep 11, 2007 5:10am Sep 11, 2007 5:10am
No wonder this pair moved opposite to the news.. the trade balance deficit was wide.. but was 'distorted due to errors in oil pricing' Oh great.. thanks for letting us know that crucial bit of information a bit too late

Edit - Excluding oil and erratics, the trade balance for UK was -6.6bn.. not -7.1bn. This is the first news report I've traded that has gone against me.. and now I finally know why. For a minute I was trying to figure out what the hell was going on
  • #29,938
  • Sep 11, 2007 5:18am Sep 11, 2007 5:18am
Quoting ClockTrader
I think his BE was at .0300
299 i had to cover that high ass swap
If I Go Broke Trying Then I Will die happy.
  • #29,939
  • Sep 11, 2007 5:24am Sep 11, 2007 5:24am
Be Careful with long position!!! It supposed to go thru the roof w/ Euro, but it's not.
  • #29,940
  • Sep 11, 2007 5:24am Sep 11, 2007 5:24am
2,0276. GBP USD is in an uptrend which support is 2,0100 and resistance is 2,0315. The price is just bellow 2,0315 resistance. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H is in a bullish configuration. The uptrend should continue to gather momentum. The price should find a resistance below 2,0315. If the resistance is broken then the target will be 2,0500. We won't take a position. The risk/reward ratio is too high to take a position..
If I Go Broke Trying Then I Will die happy.
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