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Cable Update (GBPUSD)

  • #30,761
  • Sep 16, 2007 11:21pm Sep 16, 2007 11:21pm
Dont trade your beliefs that prices MUST go to a certain point just to prove you are right, trade what the chart tells you. If the market says it's changing direction, change your bias and follow it.
  • #30,762
  • Sep 16, 2007 11:33pm Sep 16, 2007 11:33pm
Quote
I think we will very likely hit 2.0000 within the day,it's at 2.0081 right now. s/l ~2.0117.

you made it dude

I'll stay away from cable for another while
Hello World!
  • #30,763
  • Sep 16, 2007 11:40pm Sep 16, 2007 11:40pm
Quoting Luffy
Dont trade your beliefs that prices MUST go to a certain point just to prove you are right, trade what the chart tells you. If the market says it's changing direction, change your bias and follow it.
That is the truest statement I have read on this blog yet. Its funny when people say that the market is going to do this and that when in reality the market does what it wants and we should be reacting instead of predicting.
  • #30,764
  • Sep 16, 2007 11:48pm Sep 16, 2007 11:48pm
Cable looks clearly pissed with the buyers



.
Hello World!
  • #30,765
  • Sep 16, 2007 11:53pm Sep 16, 2007 11:53pm
EUR longs - CAUTION - EUR/GBP is heading towards 7000 - When GBP starts getting stronger - EUR will be sold off - irrespective of what the USD is doing. I would be careful trading EUR long at the moment.
  • #30,766
  • Sep 17, 2007 12:01am Sep 17, 2007 12:01am
Touching 2.000 was all cable needed. Day and 4h charts are showing time to long. R1 @ 2.0183.
  • #30,767
  • Sep 17, 2007 12:03am Sep 17, 2007 12:03am
Quoting Luffy
Dont trade your beliefs that prices MUST go to a certain point just to prove you are right, trade what the chart tells you. If the market says it's changing direction, change your bias and follow it.
So true!!! But yet, many here are just getting pissed or to go opposite market direction hoping to make money.
  • #30,768
  • Sep 17, 2007 12:07am Sep 17, 2007 12:07am
Looks like 1.9925 is where this first wave might end, after some retracement then the bigger one will come.
  • #30,769
  • Sep 17, 2007 12:11am Sep 17, 2007 12:11am
Quoting Qu|cksilver
Cable will break 2.0225 today.. or maybe tomorrow..
no it will not, cable futures expires sept 17, that is today, tomorow it might be fresh buy,...on wednesday it may be bullish... till then i wait anyway...
its just money
  • #30,770
  • Sep 17, 2007 12:18am Sep 17, 2007 12:18am
Quoting ClockTrader
you made it dude

I'll stay away from cable for another while
Hope some people were able to make money off it, from here, who knows where it will go, most people say up, we shall see.
  • #30,771
  • Sep 17, 2007 12:19am Sep 17, 2007 12:19am
holy moly NR shared down 31% on friday and another 20% today wow.

Edit: they now 30% down for today
  • #30,772
  • Sep 17, 2007 12:24am Sep 17, 2007 12:24am
This doesnt look to be over anytime soon, Dow futures are dropping steeply, yen is gaining across all majors, cable will be the hardest hit.
  • #30,773
  • Sep 17, 2007 12:26am Sep 17, 2007 12:26am
I dont know if this is possible, but I might even be not aggressive enough given the situation.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp01.gif Size: 24 KB
  • #30,774
  • Sep 17, 2007 12:26am Sep 17, 2007 12:26am
Quote
Hope some people were able to make money off it, from here, who knows where it will go, most people say up, we shall see.

okiez, lets think logically like this:

IF (you think cable shall fall further)
THEN
put BE(SL) right below your short position
ELSE
stretch your BE (SL) 30 - 40 pips above current cable
END IF

On ERROR resume next

In either case you'll make money.

ROFL

:
Hello World!
  • #30,775
  • Sep 17, 2007 12:27am Sep 17, 2007 12:27am
lol, nice. For some reason all my technicals tell me USD will be strong short term, but what do I know :
  • #30,776
  • Sep 17, 2007 12:28am Sep 17, 2007 12:28am
Quoting Runway Trade
Touching 2.000 was all cable needed. Day and 4h charts are showing time to long. R1 @ 2.0183.
There my theory goes up(down) in smoke. Luckily I was waiting for the 9ma to cross 18ma, so no loss..phew
  • #30,777
  • Sep 17, 2007 12:35am Sep 17, 2007 12:35am
god damn it 15 pips away from my buy prder come on bring on 970
  • #30,778
  • Sep 17, 2007 12:35am Sep 17, 2007 12:35am
Where is cesarnc?? London open.. people panic.. and he's still sleeping.. dreaming that brazilian girl who says "who's the tiger?? who's my tiger?? you baby.. you... "
  • #30,779
  • Sep 17, 2007 12:37am Sep 17, 2007 12:37am
Quoting dd33
Where is cesarnc?? London open.. people panic.. and he's still sleeping.. dreaming that brazilian girl who says "who's the tiger?? who's my tiger?? you baby.. you... "
  • #30,780
  • Sep 17, 2007 12:41am Sep 17, 2007 12:41am
Alright.. Went short at 2.0047 and tp at 2.0007.... for 30pips... all my indicators were showin to go short... I will wait now to see what it is going to doo after this since it hit 1.9999.
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