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Cable Update (GBPUSD)

  • #2,841
  • Dec 21, 2006 4:07am Dec 21, 2006 4:07am
Quoting cesarnc
we can see it's falling by steps...

fought 9680 and down...
fought 9670 and down...
fought 9640 and down...

now fighting 9620...

... but yet, 20pips long 5min candles...
ts hope it keeps it up hey?
mama
  • #2,842
  • Dec 21, 2006 4:10am Dec 21, 2006 4:10am
Quoting Mama007
ts hope it keeps it up hey?
I decided to take the word "HOPE" out of my office, see? SCALP is the word of the day
  • #2,843
  • Dec 21, 2006 4:13am Dec 21, 2006 4:13am
CAN ANYBODY TELL THE BIG BOYS TO MAKE UP THEIR MINDS, FOR CHRIST SAKES

  • #2,844
  • Dec 21, 2006 4:17am Dec 21, 2006 4:17am
Quoting cesarnc
CAN ANYBODY TELL THE BIG BOYS TO MAKE UP THEIR MINDS, FOR CHRIST SAKES

when they do make up their mind there wi quick surge hopefully
mama
  • #2,845
  • Dec 21, 2006 4:38am Dec 21, 2006 4:38am
I am out the trade - made my 20 pips back do not want to be in trade when I do not know where it is going ! what do you think?
mama
  • #2,846
  • Dec 21, 2006 4:41am Dec 21, 2006 4:41am
Quoting Mama007
I am out the trade - made my 20 pips back do not want to be in trade when I do not know where it is going ! what do you think?
You're right.
  • #2,847
  • Dec 21, 2006 4:48am Dec 21, 2006 4:48am
Quoting Mama007
I am out the trade - made my 20 pips back do not want to be in trade when I do not know where it is going ! what do you think?
Maybe my chart may help you to think. But the trend may change just in a minute.
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"Invest With The Insiders, Not The Masses" George Muzea
  • #2,848
  • Dec 21, 2006 4:49am Dec 21, 2006 4:49am
the Philly Fed is at 5.00 pm GMT and it according a Daily Fx Report I have it can move the market as much as 107 pips but I cannot find anything on Forex Factory about or on the Economic reports. Does anyone know or can contribute anything
mama
  • #2,849
  • Dec 21, 2006 5:30am Dec 21, 2006 5:30am
Quoting 4x_Trader
Long cable @ 1.9720 stop & reverse @ 1.9669 targeting 1.9600.
M out I call it a day! $360 not bad for my 2 lots....
  • #2,850
  • Dec 21, 2006 5:59am Dec 21, 2006 5:59am
I smell a long here coming... or am I paranoid?
  • #2,851
  • Dec 21, 2006 6:03am Dec 21, 2006 6:03am
<TABLE class=tborder cellSpacing=1 cellPadding=6 width="100%" align=center border=0><TBODY><TR title="Post 165450" vAlign=top><TD class=alt1 align=middle width=125>katzenhai2</TD><TD class=alt2>I smell a long here coming... or am I paranoid?</TD></TR></TBODY></TABLE>I think your right. It might not go below 9580. I think it might shoot down a couple more pips before reaching there and go long again. maybe the 2's next week
trading on demo is not trading
  • #2,852
  • Dec 21, 2006 6:34am Dec 21, 2006 6:34am
O well there goes that.... damn!!
trading on demo is not trading
  • #2,853
  • Dec 21, 2006 6:38am Dec 21, 2006 6:38am
It's moving down at 1.9560,
  • #2,854
  • Dec 21, 2006 6:54am Dec 21, 2006 6:54am
shorted this am at 1.9680..... TP hit 1.9580

not bad at all...
Use a system that works for YOU
  • #2,855
  • Dec 21, 2006 7:00am Dec 21, 2006 7:00am
And I was so pissed off about entering and exiting that I decided to place a short TP 50 pips below and went shopping.

TP triggered. Gonna do that more often...
  • #2,856
  • Dec 21, 2006 7:00am Dec 21, 2006 7:00am
Quoting MoneyMa$ter
Yeah I agree, since that's what I said earlier on Wednesday (see posts #2772 and 2773). Today we saw a bounce pretty much where it bounced last week. Probably will climb to a similar level as last week (1.9713) before reversing again but this time breaking below the 23 fib just as it did on December 14.

So I'm going long to 9713 then short to 9600 or less (perhaps US news will be the catalyst?)
Hello??? Why the surprise???

Above is my quote from yesterday at post #2806, quoting earlier posts and agreement with Monarch. Cable didn't quite hit 9713 overnight but hit 9698 and then went short. Key words "short to 9600 or less". So far, this week is a mirror of last week, particularly from the 4h chart.
  • #2,857
  • Dec 21, 2006 7:16am Dec 21, 2006 7:16am
I agree with you and it will go down to 1.9450 tomorrow you think?

http://i143.photobucket.com/albums/r...y/4d4efd64.gif
  • #2,858
  • Dec 21, 2006 7:22am Dec 21, 2006 7:22am
If Cable is mirroring last week, as I think so and am working with, you will notice that "big downs" took place in GMT mornings - up to 1200 GMT. Then recovering during the afternoon.

I am not trading this "blindfold", but once price movements indicates that the pattern is about to happen, I go based on last week channel...

César

Quoting MoneyMa$ter
Hello??? Why the surprise???

Above is my quote from yesterday at post #2806, quoting earlier posts and agreement with Monarch. Cable didn't quite hit 9713 overnight but hit 9698 and then went short. Key words "short to 9600 or less". So far, this week is a mirror of last week, particularly from the 4h chart.
  • #2,859
  • Dec 21, 2006 7:35am Dec 21, 2006 7:35am
Quoting fxpinoy
I agree with you and it will go down to 1.9450 tomorrow you think?

http://i143.photobucket.com/albums/r...y/4d4efd64.gif
Cable has to break the 38 fib (based on the huge run-up) to hit 9450 and while I think it's headed in that direction, I think it it will take a couple of more sessions. Tomorrow we should see 9490 which will give us at least 100 pips, assuming cable continues up from now through London's open.
  • #2,860
  • Dec 21, 2006 7:41am Dec 21, 2006 7:41am
Breaking 9600 upwards... next fight scheduled at 9610..

it's gonna be a looong afternoon....
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