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Cable Update (GBPUSD)

  • #31,921
  • Sep 20, 2007 8:17am Sep 20, 2007 8:17am
Quoting bullrock
I would go long on that one.
I think that one is a short.. Those seems like a ma crossover.. 2 faster ma below slowest ma. But karmo.. shouldnt u wait until the fastest ma cross to the lowest position?? Not in the middle of the other mas??
Thanx.. just my opinion..
  • #31,922
  • Sep 20, 2007 8:17am Sep 20, 2007 8:17am
USDCAD ticked 0.9999

Charming, isn't it?
  • #31,923
  • Sep 20, 2007 8:19am Sep 20, 2007 8:19am
Quoting karmostaji
Hi Warper,

Thanks for your comments. First of all I don't recall aiming for 500 pips in a trade, most of the time it is 200-300 pips. I mainly focus on 4hr/1hr charts but I use 5/15m charts for entry/exit. My SL most of the time is 100 pips, that is my own rule. I hope it's clear now.
I understand.

Becareful today, the dollar is geting hit at all fronts. Even UJ.

NY session is kicking in and i'm seeing "pushs" in all dollars charts.

Oil trading near 83
  • #31,924
  • Sep 20, 2007 8:21am Sep 20, 2007 8:21am
Quoting dd33
I think that one is a short.. Those seems like a ma crossover.. 2 faster ma below slowest ma. But karmo.. shouldnt u wait until the fastest ma cross to the lowest position?? Not in the middle of the other mas??
Thanx.. just my opinion..
I don't use them nor think of them the way you did. I use the MA's for support/resistance levels. The price has completed it's retracements and it should resume downwards based on the fibonacci levels.. I just love Fibs
Trade what you see, not what you think.
  • #31,925
  • Sep 20, 2007 8:24am Sep 20, 2007 8:24am
Quoting karmostaji
I don't use them nor think of them the way you did. I use the MA's for support/resistance levels. The price has completed it's retracements and it should resume downwards based on the fibonacci levels.. I just love Fibs
I see.. thanx for the explanation karmo..
  • #31,926
  • Sep 20, 2007 8:28am Sep 20, 2007 8:28am
Federal Reserve Chairman Ben Bernanke said the Fed's recent interest-rate cut was aimed at forestalling some of the adverse effects on the economy from recent financial stress.

In prepared remarks for a Congressional hearing beginning at 10 am New York time, Bernanke also said the Fed is committed to preventing new lending problems while preserving responsible subprime lending. He added that mortgage rate resets may lead to a further rise in delinquencies, but that markets tend to self correct.


CNBC.com will carry Bernanke's testimony live.


Some traders expect Bernanke's speech to signal a further rate cut, causing the dollar to sink to a record low against the euro, breaking a $1.40 psychological level before his testimony.

I would say: no signal, correction starts from here. signal, another leg to go. But I'm on euro only, not cable on this one
  • #31,927
  • Sep 20, 2007 8:34am Sep 20, 2007 8:34am
Looking at the 4hr, daily and weekly charts and their respective fibs and trendlines i do believe that the correction has ended for cable and it should now move up - fundamentally Northern Rocks has now been absorbed by the market and should not cause more panic - So cable should now climb back to 2.0400 and beyond over 3-4 sessions ONLY if news / rumors of banks/hedge funds in UK going belly up stay away.
  • #31,928
  • Sep 20, 2007 8:37am Sep 20, 2007 8:37am
hi bro, any Ta whicere we couldf be expexting the cable to reach? i know lots of $ in bank now. trust u lol.

Quoting cesarnc
reminds me of my emotional discussions in this thread a while a go... The time when I DID CARE

Today I'm just down for the next name on the Hall. Since the foundation, the lousy calls vanished... I wonder why.
  • #31,929
  • Sep 20, 2007 8:42am Sep 20, 2007 8:42am
Quoting gmohata
Looking at the 4hr, daily and weekly charts and their respective fibs and trendlines i do believe that the correction has ended for cable and it should now move up - fundamentally Northern Rocks has now been absorbed by the market and should not cause more panic - So cable should now climb back to 2.0400 and beyond over 3-4 sessions ONLY if news / rumors of banks/hedge funds in UK going belly up stay away.
I agree with this one... The reason why I am long... Check my journal if you want to know...
.
  • #31,930
  • Sep 20, 2007 8:43am Sep 20, 2007 8:43am
Quoting mcmartins
hi bro, any Ta whicere we couldf be expexting the cable to reach? i know lots of $ in bank now. trust u lol.
I´m out of cable these days...

But I'll look for a price to short when euro starts its correction... POssibly on next week only.
  • #31,931
  • Sep 20, 2007 8:58am Sep 20, 2007 8:58am
cable facing resistance @ 2.0094
  • #31,932
  • Sep 20, 2007 9:00am Sep 20, 2007 9:00am
Uncle Bernie live on CNBC...

  • #31,933
  • Sep 20, 2007 9:12am Sep 20, 2007 9:12am
Hi

where do you think is a good point for going short on EUR?
  • #31,934
  • Sep 20, 2007 9:24am Sep 20, 2007 9:24am
Quoting m_j_1984
Hi

where do you think is a good point for going short on EUR?
maybe not at this moment..
  • #31,935
  • Sep 20, 2007 9:26am Sep 20, 2007 9:26am
GBP~

i have fasten my seat belt...we ready to launch~
  • #31,936
  • Sep 20, 2007 9:35am Sep 20, 2007 9:35am
Quoting Ping
maybe not at this moment..
  • #31,937
  • Sep 20, 2007 9:37am Sep 20, 2007 9:37am
I just couldn't take the pressure anymore.... My floating was hovering around the double of my weekly target (% of capital) for the week... This is ABUSIVE....

Took 80% of the profit and I'm out... To hell if euro goes to 1.5 today... My head was about to POP here...
  • #31,938
  • Sep 20, 2007 9:40am Sep 20, 2007 9:40am
Quote
GBP~

i have fasten my seat belt...we ready to launch~

Can you say that again ? It seems to be working !
Hello World!
  • #31,939
  • Sep 20, 2007 9:42am Sep 20, 2007 9:42am
Attached Image
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  • #31,940
  • Sep 20, 2007 9:42am Sep 20, 2007 9:42am
Quote
To hell if euro goes to 1.5 today... My head was about to POP here...

I've been through this hell of times, but downside at my end was that I lost back to the markets.
Hello World!
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