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Cable Update (GBPUSD)

  • #2,421
  • Dec 19, 2006 2:20am Dec 19, 2006 2:20am
what a chopy ride, ...

staying aside. scalped 9 pips only.
thanks
Right teaching produces right believing leads to right living. - J.P
  • #2,422
  • Dec 19, 2006 2:21am Dec 19, 2006 2:21am
This has been the highest London price open ever, what could of made this large move? it sure wasn't the news.. what a way to start the morning..

I personally lost big on this and believe me it's not funny how much i lost..
  • #2,423
  • Dec 19, 2006 2:24am Dec 19, 2006 2:24am
should come crahing down from 1.9585
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  • #2,424
  • Dec 19, 2006 2:25am Dec 19, 2006 2:25am
Quoting yulvme
This has been the highest London price open ever, what could of made this large move? it sure wasn't the news.. what a way to start the morning..

I personally lost big on this and believe me it's not funny how much i lost..
London is challenging the stops and the Offers that are in place.
  • #2,425
  • Dec 19, 2006 2:27am Dec 19, 2006 2:27am
Shorts are going to get butchered. Why risk it guys?
  • #2,426
  • Dec 19, 2006 2:28am Dec 19, 2006 2:28am
Did anyone catch that ride up???
  • #2,427
  • Dec 19, 2006 2:31am Dec 19, 2006 2:31am
Everyone got whacked! 2.0 approaching a week or two...
  • #2,428
  • Dec 19, 2006 2:31am Dec 19, 2006 2:31am
Quoting mmccormac
Did anyone catch that ride up???
Is it possible it could reach 19665 today - I was expecting a bearish market on cable - there is news at 1.30 GMT
mama
  • #2,429
  • Dec 19, 2006 2:33am Dec 19, 2006 2:33am
Nope...just lost another 30pips...guess this is one of THOSE days..
Quoting mmccormac
Did anyone catch that ride up???
  • #2,430
  • Dec 19, 2006 2:34am Dec 19, 2006 2:34am
This is why most people avoid the end of the year trading... Price movement just goes nutz.
  • #2,431
  • Dec 19, 2006 2:34am Dec 19, 2006 2:34am
Quoting 4x_Trader
Everyone got whacked! 2.0 approaching a week or two...
I agree. Think of all the stops lined up above 1.9850. Looks like an ambush of those stops is coming near Christmas just like the EUR/USD 1.2980 stops were ambushed around thanksgiving.
  • #2,432
  • Dec 19, 2006 2:34am Dec 19, 2006 2:34am
If only i entered long once it closed the franfurt hi!! This is what I am sitting here trying to learn it happens and I ignore it - once it passes 7 pips beyond closing of hi or low I think we should enter in the future
mama
  • #2,433
  • Dec 19, 2006 2:35am Dec 19, 2006 2:35am
Quoting mmccormac
This is why most people avoid the end of the year trading... Price movement just goes nutz.
But it's going nutz in an upward direction.
  • #2,434
  • Dec 19, 2006 2:36am Dec 19, 2006 2:36am
Quoting Mama007
If only i entered long once it closed the franfurt hi!! This is what I am sitting here trying to learn it happens and I ignore it - once it passes 7 pips beyond closing of hi or low I think we should enter in the future
Ah the old Big Ben strategy - used to work so well.
  • #2,435
  • Dec 19, 2006 2:38am Dec 19, 2006 2:38am
me thinks 9615 would be a good resistance point...if not I am out 4 the day
  • #2,436
  • Dec 19, 2006 2:38am Dec 19, 2006 2:38am
Has just hit down trendline, may reverse now for a while
  • #2,437
  • Dec 19, 2006 2:39am Dec 19, 2006 2:39am
Quoting notouch
But it's going nutz in an upward direction.
The cable has reached its range of 146 pips for the day - hopefully it will go down on the news
mama
  • #2,438
  • Dec 19, 2006 2:41am Dec 19, 2006 2:41am
I made some pipage on way up, very little though 20 pips - am looking to scalp a little bit on way down once short term double repo is confirmed. Will keep all updated.
Man who scratches ass should not bite fingernails
  • #2,439
  • Dec 19, 2006 2:42am Dec 19, 2006 2:42am
There is a gap in 1.9514 closing price of 8:55 GMT the market will fill the gap sooner or later.....
  • #2,440
  • Dec 19, 2006 2:43am Dec 19, 2006 2:43am
big ben str suggest going long after 25 pips has pass frankfurt, either direction.. now how come i didn't follow that rule?

Guess it takes years of training in combat but, once there's a war.. all that knowledge goes out the window.
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