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Cable Update (GBPUSD)

  • #38,021
  • Oct 31, 2007 8:23am Oct 31, 2007 8:23am
what do you know... almost there. i'll think about shorting then; JUST tHiNk, not actually shorting - unless i have a confirmation.

Quoting Scrat
i think 2.0780 is a reasonable target.
i'm just curious: how many of you would bet 2.0050 is coming soon?
Nihil Sine Deo.
  • #38,022
  • Oct 31, 2007 9:13am Oct 31, 2007 9:13am
Quoting SeekingLight


Shhhhhhhhhhh, you're ruining the surprise!

Like I always say to myself when I read analysts...it's not hard to predict higher targets in an uptrend...because the trend goes on, the prices get hit...you can never be wrong...just keep mentioning higher prices, let the market prove it and you're suddenly this great analyst

See, the real point is not calling the prices....the point to us all here is actually being in a TRADE when the prices are HIT, that's what the hard part is. Not calling out numbers. Trading them =)

That's why I think a lot of those analyst/"news" posts are not much use to a trader...because you need to get your own entry and trade done anyhow, no?
They won't do that for you just because they mention nice price levels

Exactamundo !!!!!!

But there are so many that this will go right over their heads or at least they won't admit that it is referring to them. Oh well.

  • #38,023
  • Oct 31, 2007 10:55am Oct 31, 2007 10:55am
i close all,...if they get back to 735...then maybe reenter,..if it goes bye,bye i aint gona be on,...
its just money
  • #38,024
  • Oct 31, 2007 11:07am Oct 31, 2007 11:07am
LOOK AT IT GO,
If I Go Broke Trying Then I Will die happy.
  • #38,025
  • Oct 31, 2007 11:16am Oct 31, 2007 11:16am
what will happen if rate cut

what will happen if doesnt cut
  • #38,026
  • Oct 31, 2007 11:18am Oct 31, 2007 11:18am
first tp hit @ 2.0780. i got a pending sell below last h4 candle (2.0705); which is also my SL for the other long position.
Nihil Sine Deo.
  • #38,027
  • Oct 31, 2007 11:19am Oct 31, 2007 11:19am
yep that is what I also wonder about - what will happen seeing this rush up to the top moment ago
  • #38,028
  • Oct 31, 2007 11:20am Oct 31, 2007 11:20am
Moving stop losses up again, See what happens when you trade off of the daily and looking at nothing shorter than the 4hr. Shit like this happens, Having to move stop losses up twice a day.
This is hard work.
Just Trade It
  • #38,029
  • Oct 31, 2007 11:20am Oct 31, 2007 11:20am
Quoting deboooo2005
what will happen if rate cut

what will happen if doesnt cut
depends what kind a cut,...if double cut it should go north, i think...
its just money
  • #38,030
  • Oct 31, 2007 11:21am Oct 31, 2007 11:21am
Lol, some creepy business going on in the last hours. Everybody wants a piece of the BS later on...

I got no trades in place. Plan is the same, skip the panic, check the news and if a 0.25 or no cut, short the crap out of everything that carries a /USD in its name
  • #38,031
  • Oct 31, 2007 11:23am Oct 31, 2007 11:23am
Quoting Big Wave Rider
Moving stop losses up again, See what happens when you trade off of the daily and looking at nothing shorter than the 4hr. Shit like this happens, Having to move stop losses up twice a day.
This is hard work.


Okay I lied, sometimes, but very rarely, do I look at the 1hr chart.
Just Trade It
  • #38,032
  • Oct 31, 2007 11:24am Oct 31, 2007 11:24am
yeah tell me about it... i have to work my ass off checking charts every 4 hours

Quoting Big Wave Rider
Moving stop losses up again, See what happens when you trade off of the daily and looking at nothing shorter than the 4hr. Shit like this happens, Having to move stop losses up twice a day.
This is hard work.
Nihil Sine Deo.
  • #38,033
  • Oct 31, 2007 11:26am Oct 31, 2007 11:26am
Quoting Scrat
yeah tell me about it... i have to work my ass off checking charts every 4 hours

I think it's break time, I'm working up a sweat here
Just Trade It
  • #38,034
  • Oct 31, 2007 11:27am Oct 31, 2007 11:27am
Ok took 90% of what i had left at 780, got one lousy 100k lot left with t/p 845.
If I Go Broke Trying Then I Will die happy.
  • #38,035
  • Oct 31, 2007 11:34am Oct 31, 2007 11:34am
If I remember correctly, I thought that if there is a rate cut then the USD becomes weak and therefore people are bound to go long on cable........some people are saying the opposite!.....can some1 quickly set me straight?

Thanks in advance
  • #38,036
  • Oct 31, 2007 11:36am Oct 31, 2007 11:36am
raise my s/l to 700, this is same trade from other day, entry was at 2.0607, i also got some good swap rates, so a little extra.
If I Go Broke Trying Then I Will die happy.
  • #38,037
  • Oct 31, 2007 11:38am Oct 31, 2007 11:38am
yes i can. here it is:
don't trade the news!!!!!!!!!!!!!!!!!!

Quoting venomdesignsUK
If I remember correctly, I thought that if there is a rate cut then the USD becomes weak and therefore people are bound to go long on cable........some people are saying the opposite!.....can some1 quickly set me straight?

Thanks in advance
Nihil Sine Deo.
  • #38,038
  • Oct 31, 2007 11:40am Oct 31, 2007 11:40am
Quoting Scrat
yes i can. here it is:
don't trade the news!!!!!!!!!!!!!!!!!!
true that, don't fuck with the news if you don't know what your doing.
If I Go Broke Trying Then I Will die happy.
  • #38,039
  • Oct 31, 2007 11:40am Oct 31, 2007 11:40am
Thanks man! Forgot that
  • #38,040
  • Oct 31, 2007 11:41am Oct 31, 2007 11:41am
Quoting venomdesignsUK
If I remember correctly, I thought that if there is a rate cut then the USD becomes weak and therefore people are bound to go long on cable........some people are saying the opposite!.....can some1 quickly set me straight?

Thanks in advance
Most of the dollar pairs have the cut priced in already. Question is how the statement is coming. I don't believe FED is spreading its legs in the statement as to prompt $100 oil $800 gold 1.5 euro and so on.

All in all, I don't rule out rallies in the first hour after the release, but time has come for some profit taking until further clue on the rate bias and economic overview...

Of course I could be wrong. But reversed reaction on a widely expected rate change is quite usual.
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