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Cable Update (GBPUSD)

  • #3,481
  • Dec 27, 2006 8:39am Dec 27, 2006 8:39am
Quoting cesarnc
I'm in from 9600 down... It being a good test for my sphincter
Cesarnc, you were in on the short call...gotta have some faith in your own position, no???

Just exit before the news, like now, if you haven't already done so. I'm out until after the dust settles. I think it will spike up, and resume short to our TP (but if it keeps going up then just go long, although I seriously doubt that will happen).
  • #3,482
  • Dec 27, 2006 8:44am Dec 27, 2006 8:44am
Quoting MoneyMa$ter
Cesarnc, you were in on the short call...gotta have some faith in your own position, no???

Just exit before the news, like now, if you haven't already done so. I'm out until after the dust settles. I think it will spike up, and resume short to our TP (but if it keeps going up then just go long, although I seriously doubt that will happen).
I'm out...
  • #3,483
  • Dec 27, 2006 8:45am Dec 27, 2006 8:45am
Quoting MoneyMa$ter
If you didn't get in on this play-by-play call from the traders this morning, then that's on you. Much thanks and shout-outs to Cesarnc, leugimp, mbqb11, fix1forme, seekinglight and others, you know who you are!!
Oh man, my bad...shout out was for "fixme1too" not "fix1forme". Add to his rep if you get the chance. Also props out to 17121712.

Everyone ready?? Let's make some (mo') money!!
  • #3,484
  • Dec 27, 2006 8:49am Dec 27, 2006 8:49am
MM u gonna get back in short if GBP spikes up?
Ghost Swoopen in for my pips while no one is lookin !!
  • #3,485
  • Dec 27, 2006 8:52am Dec 27, 2006 8:52am
Quoting Ghostpipper
MM u gonna get back in short if GBP spikes up?
Morning GP,

Fully expect it to spike up, whipsaw, upchuck, somersault and everything else but the charts say short and I don't see anything (yet) to change it. As summitfx likes to say "trade what you see and not what you think".
  • #3,486
  • Dec 27, 2006 8:54am Dec 27, 2006 8:54am
Quoting MoneyMa$ter
Morning GP,

Fully expect it to spike up, whipsaw, upchuck, somersault and everything else but the charts say short and I don't see anything (yet) to change it. As summitfx likes to say "trade what you see and not what you think".
i need to read up on candlesticks and pretty much everything, i just started using medatrader this week lol
Ghost Swoopen in for my pips while no one is lookin !!
  • #3,487
  • Dec 27, 2006 8:57am Dec 27, 2006 8:57am
Rock'n'Roll
  • #3,488
  • Dec 27, 2006 9:03am Dec 27, 2006 9:03am
anybody back in?
  • #3,489
  • Dec 27, 2006 9:03am Dec 27, 2006 9:03am
Ive taken a short
  • #3,490
  • Dec 27, 2006 9:04am Dec 27, 2006 9:04am
in at a crappy price, shoulda got in at 78 but im in at 72 goin short TP very conservative 9552
Ghost Swoopen in for my pips while no one is lookin !!
  • #3,491
  • Dec 27, 2006 9:06am Dec 27, 2006 9:06am
Numbers slightly better than expected but they obviously havn't pulled the rug out from under the markets feet. I wonder what will happen now. We have seen a break of the range the market has defined since the Asian close.


Who's back in?
  • #3,492
  • Dec 27, 2006 9:06am Dec 27, 2006 9:06am
short @ 9566
  • #3,493
  • Dec 27, 2006 9:07am Dec 27, 2006 9:07am
Tally ho....no upward spike (cause FF traders saved money by not straddling!!).

Some might wait until 10:15 am est to get back in; others less risk averse may see the trend already. It's your decision.
  • #3,494
  • Dec 27, 2006 9:08am Dec 27, 2006 9:08am
still waiting here nothing jumping out at me

holiday market!

  • #3,495
  • Dec 27, 2006 9:10am Dec 27, 2006 9:10am
Quoting MoneyMa$ter
Tally ho....no upward spike (cause FF traders saved money by not straddling!!).

Some might wait until 10:15 am est to get back in; others less risk averse may see the trend already. It's your decision.
hey is there some way to change the time above each post to central time instead of eastern?
Ghost Swoopen in for my pips while no one is lookin !!
  • #3,496
  • Dec 27, 2006 9:11am Dec 27, 2006 9:11am
USD/JPY soaring... GBP steady
  • #3,497
  • Dec 27, 2006 9:11am Dec 27, 2006 9:11am
ya go click your name on home page and click edit options

good thing im watching cross pairs and took a long on the eur/jpy at 155.55
  • #3,498
  • Dec 27, 2006 9:13am Dec 27, 2006 9:13am
I wont just shoot from the hip, but it seems as though this news should be pushing the dollar up, but it really isn't moving so much against cable, which is very dollar bearish. only gained 15 pips since release and seems to be finding support at 64. Also hasn't moved much across the board. Perhaps the UAE news is bearing too much weight, but with COT data the way it is I would be very careful regardless which direction I decide to trade in. Dynamic pivots have just crossed short period with long period to the downside, but in all honesty, I feel more confident trading bubbles when it comes to these, and only a push below 9560 would confirm this move.
Man who scratches ass should not bite fingernails
  • #3,499
  • Dec 27, 2006 9:16am Dec 27, 2006 9:16am
Quoting mbqb11
still waiting here nothing jumping out at me

holiday market!
May want to wait until 10:30 am est
  • #3,500
  • Dec 27, 2006 9:17am Dec 27, 2006 9:17am
It bounced off a trendline intact from yesterday's low...
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