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Cable Update (GBPUSD)

  • #38,641
  • Nov 5, 2007 9:59am Nov 5, 2007 9:59am
i was thinking the same thing. so i took a short, and it went nowhere. i believe it's waiting for me to close the short... and then (and ONLY THEN!) it'll fall nicely. will let you know when i do this, so you all can short it.
on the other hand, if i play stubborn and keep my short open, it'll shoot up.

Quoting cesarnc
The only thing I know for sure here is: if I was long this morning, cable would be at 2.0200 by now.

Nihil Sine Deo.
  • #38,642
  • Nov 5, 2007 10:27am Nov 5, 2007 10:27am
Quoting Scrat
i was thinking the same thing. so i took a short, and it went nowhere. i believe it's waiting for me to close the short... and then (and ONLY THEN!) it'll fall nicely. will let you know when i do this, so you all can short it.
on the other hand, if i play stubborn and keep my short open, it'll shoot up.
Yes please do that. I am long at 805, thought cable will try going to 900 again and it look that way untill I put in my long ! now at 790 so your short should be working! hopeing 780 hold
  • #38,643
  • Nov 5, 2007 10:35am Nov 5, 2007 10:35am
Quoting peterM
America is going to be such a cheap country for us british folk :-)
oh yeah chrismas shopping in the USA might be on the cards yet!
  • #38,644
  • Nov 5, 2007 12:02pm Nov 5, 2007 12:02pm
Quoting Scrat
i was thinking the same thing. so i took a short, and it went nowhere. i believe it's waiting for me to close the short... and then (and ONLY THEN!) it'll fall nicely. will let you know when i do this, so you all can short it.
on the other hand, if i play stubborn and keep my short open, it'll shoot up.
Ahh, so it does that for you too? Lets wait till we both want to close then reopen together again, see if we can fool it!!
Well, I played it smart and took a GBPCHF short on sunday open, now debating whether to close or what. It looks like the GBP bulls are finding it hard to defend against all the selling, so I'm probably going to leave it short. This pair however, can take a flying fsck for all I care.
Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #38,645
  • Nov 5, 2007 12:13pm Nov 5, 2007 12:13pm
Quoting cesarnc
The only thing I know for sure here is: if I was long this morning, cable would be at 2.0200 by now.

hehheh.. you should post your trades, and we will do the oposite
  • #38,646
  • Nov 5, 2007 12:30pm Nov 5, 2007 12:30pm
Quoting peterM
hehheh.. you should post your trades, and we will do the oposite
I might sell signals. $29.99 per trade. I take it with $0.01 / pips SL 50. You all can take it $100 / pip no SL. Costs paid with 3 pips.

Win-win deal.

  • #38,647
  • Nov 5, 2007 1:19pm Nov 5, 2007 1:19pm
Since today's GBP news was not that good, rising doubts on the int. rate decision this week, I doubt GBP will go any higher. It already reached overbought levels, big time, I think (and hope) that the long awaited correction is coming...but I kept saying this last week and it kept rising so what do I know ?
"Lunch ? Lunch Is For Wimps !"
  • #38,648
  • Nov 5, 2007 1:43pm Nov 5, 2007 1:43pm
...trading is getting harder!
  • #38,649
  • Nov 5, 2007 2:03pm Nov 5, 2007 2:03pm
Quoting 30pips
...trading is getting harder!

You mean patience is getting scarce
  • #38,650
  • Nov 5, 2007 2:08pm Nov 5, 2007 2:08pm
too many times I've opened trades just because I was getting bored to wait, without waiting for the actual signal, it's not even funny...that's my biggest mistake in trading...horrible thing to do....
"Lunch ? Lunch Is For Wimps !"
  • #38,651
  • Nov 5, 2007 2:21pm Nov 5, 2007 2:21pm
WOW! I missed a whole day of B.S, Glad I had stuff to do, I kind of had a feeling we would be in a range today.
Just Trade It
  • #38,652
  • Nov 5, 2007 2:45pm Nov 5, 2007 2:45pm
i seriously think we should open a g-chf thread, i made a lot of pips lately with this pair.

Quoting Plutonite
Ahh, so it does that for you too? Lets wait till we both want to close then reopen together again, see if we can fool it!!
Well, I played it smart and took a GBPCHF short on sunday open, now debating whether to close or what. It looks like the GBP bulls are finding it hard to defend against all the selling, so I'm probably going to leave it short. This pair however, can take a flying fsck for all I care.
Good luck.
Nihil Sine Deo.
  • #38,653
  • Nov 5, 2007 2:52pm Nov 5, 2007 2:52pm
Quoting Scrat
i seriously think we should open a g-chf thread, i made a lot of pips lately with this pair.
USDCHF is barely moving for the last several H4.

Even USDCADzilla is not moving... Forget about trading today
  • #38,654
  • Nov 5, 2007 2:58pm Nov 5, 2007 2:58pm
Quoting cesarnc
USDCHF is barely moving for the last several H4.

Even USDCADzilla is not moving... Forget about trading today
At the end of the day i read some of the posts here, for fun purposes only off course. Same old, same old but still funny. Thx
Why forget trading? Great trading day btw!
  • #38,655
  • Nov 5, 2007 3:00pm Nov 5, 2007 3:00pm
Quoting Miguel
At the end of the day i read some of the posts here, for fun purposes only off course. Same old, same old but still funny. Thx
Why forget trading? Great trading day btw!
Yeah, if you are on drugs
  • #38,656
  • Nov 5, 2007 3:06pm Nov 5, 2007 3:06pm
Quoting cesarnc
Yeah, if you are on drugs
Really? Actually 83 pips is good but not enough to get me high. Trading is not for everybody...
Thx again for the laughs
  • #38,657
  • Nov 5, 2007 3:23pm Nov 5, 2007 3:23pm
Quoting Big Wave Rider
WOW! I missed a whole day of B.S, Glad I had stuff to do, I kind of had a feeling we would be in a range today.
look like it's gonna be up down, down up kind of week.
If I Go Broke Trying Then I Will die happy.
  • #38,658
  • Nov 5, 2007 3:29pm Nov 5, 2007 3:29pm
i didn't catch the down move, im gonna take the wait an see aproach.
If I Go Broke Trying Then I Will die happy.
  • #38,659
  • Nov 5, 2007 3:36pm Nov 5, 2007 3:36pm
mmmm...on chart it passed all my signals to start a down position, based on my settings of course.

It will be interesting to see what happens now....I say that if it does start to go down, it will be a pretty significant movement, and not only a little dip....but then again, what do I know....
"Lunch ? Lunch Is For Wimps !"
  • #38,660
  • Nov 5, 2007 5:00pm Nov 5, 2007 5:00pm
Quoting MrFuture
mmmm...on chart it passed all my signals to start a down position, based on my settings of course.

It will be interesting to see what happens now....I say that if it does start to go down, it will be a pretty significant movement, and not only a little dip....but then again, what do I know....
Cable is being above and bumping the H4 20EMA since the quick visit below on that crazy Monday. And today it stopped and sit like a pig right on it.

That's what I'm watching.

In case of a correction, I won't bet in anything too much below the D1 62EMA, now at 0400 - unless something powerful to the dollar cause kicks in.
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