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Cable Update (GBPUSD)

  • #35,621
  • Oct 16, 2007 6:45am Oct 16, 2007 6:45am
Quoting Big Wave Rider
What was that? I couldn't hear you very well, Did you say Long gu long?
.
  • #35,622
  • Oct 16, 2007 6:47am Oct 16, 2007 6:47am
yes that's what he said.

Quoting Big Wave Rider
What was that? I couldn't hear you very well, Did you say Long gu long?
Nihil Sine Deo.
  • #35,623
  • Oct 16, 2007 6:47am Oct 16, 2007 6:47am
long gu long
.
  • #35,624
  • Oct 16, 2007 6:55am Oct 16, 2007 6:55am
Quoting bullrock
long gu long

Had to clear your throat there huh?
Just Trade It
  • #35,625
  • Oct 16, 2007 7:05am Oct 16, 2007 7:05am
Ok, I have entered 3 lots long at cable at 2.0300 as mentioned earlier. I sdaid I wanted 60 pips on the first 2 lots.
Looking at the 4hr chart, the fib ext 38.2 comes in at 2.0369 also being roughly the 4hr 50sma, so 60 pips target is still on.
It is difficult to really hjudge market direction, but as they say, stick to the basics and you'll always come out trumps.
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  • #35,626
  • Oct 16, 2007 7:07am Oct 16, 2007 7:07am
Quoting bullrock
long gu long
Hummmm...............
Attached Image
For he that would be deceived, let him.
  • #35,627
  • Oct 16, 2007 7:13am Oct 16, 2007 7:13am
Quoting Big Wave Rider
Had to clear your throat there huh?
From yesterday I was short but closed my positions.
.
  • #35,628
  • Edited 7:37am Oct 16, 2007 7:13am | Edited 7:37am
Quoting pinchapip
Hummmm...............
lol
  • #35,629
  • Oct 16, 2007 7:32am Oct 16, 2007 7:32am
I'm thinking long... The current channel is pretty strong, there's also the 200 ema for support on the 4 hour hour chart to push it upwards, and the price is close to the S2 mark for pivot points. Of course, the news within the next hour or so will probably make it a little choppy but after that works itself out, Cable's going up.

What do you all think?
  • #35,630
  • Oct 16, 2007 7:41am Oct 16, 2007 7:41am
Quoting tksu22
I'm thinking long... The current channel is pretty strong, there's also the 200 ema for support on the 4 hour hour chart to push it upwards, and the price is close to the S2 mark for pivot points. Of course, the news within the next hour or so will probably make it a little choppy but after that works itself out, Cable's going up.

What do you all think?
whatever....gu is like wife... when you see short go long when you see long go short..
i say long gu long always this way i have better chance to be right 30 % of the cases
.
  • #35,631
  • Oct 16, 2007 7:45am Oct 16, 2007 7:45am
I can't believe I missed this downward move. This sucks.
  • #35,632
  • Oct 16, 2007 7:48am Oct 16, 2007 7:48am
Anybody still going short?
  • #35,633
  • Oct 16, 2007 7:54am Oct 16, 2007 7:54am
Quoting benssol
when I was in Libya a year ago, I can full my car with 2 Libyan Dinars

1 USD = 1.2 Libyan Dinar

it's not expensive there

wow.. i wish it was like that here.. I paid 43GBP last week to fill my 11 gallon tank.
  • #35,634
  • Oct 16, 2007 7:54am Oct 16, 2007 7:54am
Quoting maverick
Anybody still going short?
Better wait for the news in 5.

Cable is getting out of extremes in the lower timeframes, with larger TFs still bearish...
  • #35,635
  • Oct 16, 2007 7:54am Oct 16, 2007 7:54am
Ok, plenty of fireworks gonna start in the next 3 minutes, so move my sl on 2 positions up to 2.0316 and the third position sl is at open 2.0300.
  • #35,636
  • Oct 16, 2007 7:54am Oct 16, 2007 7:54am
Quoting bullrock
Thought... I think cable is cheap now....
me too.. I am going to get long when I get the right signal..
  • #35,637
  • Oct 16, 2007 7:58am Oct 16, 2007 7:58am
Quoting cesarnc
Better wait for the news in 5.

Cable is getting out of extremes in the lower timeframes, with larger TFs still bearish...

I agree regarding the larger timeframes showing signs of more downward pressure.
  • #35,638
  • Oct 16, 2007 8:02am Oct 16, 2007 8:02am
Ok, close 2 long positins at target of 2.0360, cable's own Ferrari, and moved sl of remainder lot to 2.0320
  • #35,639
  • Oct 16, 2007 8:05am Oct 16, 2007 8:05am
Forecast 60, actual -60.

WHO THE HELL make forecast overthere?
  • #35,640
  • Oct 16, 2007 8:05am Oct 16, 2007 8:05am
Quoting peterM
wow.. i wish it was like that here.. I paid 43GBP last week to fill my 11 gallon tank.

No sh*t. Wow, no wonder you can have nationalized health care with those prices.
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