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Cable Update (GBPUSD)

  • #39,641
  • Nov 14, 2007 5:06pm Nov 14, 2007 5:06pm
Quoting Qu|cksilver
I think the inflation report alreaady clam down. Maybe.. i still not sure the direction now..

Moved my sL to BE.
I think it will linger in the pound sentiment for a while, as it has completely changed the short-medium term rate outlook.. I could be wrong though.
  • #39,642
  • Nov 14, 2007 5:06pm Nov 14, 2007 5:06pm
Quoting Turtle
DAMM...your computer is on steriods now.....

If 0470 is cracked I will be watching that 0382 area which is where the cable was hanging around most of October.

HOLLA
Ha! that's nothing. I'm on a 5 megabit and feeling barely satisfied. Greed is good. And I agree with cesar on direction..the daily is pretty damn bearish.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #39,643
  • Nov 14, 2007 5:10pm Nov 14, 2007 5:10pm
Quoting Qu|cksilver
Today another 250 up..
Now, i have no idea where this cable go..as i said earlier we might see cable ranging until end of this week before going long again.

I went long at 2.0517 just trying my luck. I'll move my stoploss to BE asap.
sounds good, you got wide s/l?
If I Go Broke Trying Then I Will die happy.
  • #39,644
  • Nov 14, 2007 5:10pm Nov 14, 2007 5:10pm
Quoting Runway Trade
what come after C and dont tel me D. Do we start with an A again and if so that means price should be going up?
lol. Are you having fun with elliot waves yet? It will take you about 2 weeks to recognize what nonsense they are after you get tired chasing wave counts. Soon you will see that the ppl on wave 41 or wave 12 or wave 345 are equally clueless and unrepresentative of the market. Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #39,645
  • Nov 14, 2007 5:11pm Nov 14, 2007 5:11pm
Quoting Moe
sounds good, you got wide s/l?
BE now..
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,646
  • Nov 14, 2007 5:13pm Nov 14, 2007 5:13pm
good plan.. I like B/E stops.. :-)
  • #39,647
  • Nov 14, 2007 6:14pm Nov 14, 2007 6:14pm
if u see on the daily candlestick, it is indicating a more bearish force for today's direction. juz my own analysis
  • #39,648
  • Nov 14, 2007 6:24pm Nov 14, 2007 6:24pm
Quoting allserene
ok now arrived Tampa and got florida driving license and US green card....
I log on and you guys have been shoving cable up to 2.11 !!!!!

and now we are talking 2.03...

see-saw stuff indeed....

Still unpacking but with swings like this I will be having a dabble

I reckon cable will go to 2.07 again just so I can buy some more green backs to spend on all this cheap wine

Found my favourite (oops favorite) at 25% the UK price for the same stuff !

but HP sauce and heinz beans are 6 times the price

I can see my trading is going to be 'inspired'

go cable go and gimme 2.07....
Forget Heinz Beans - try Bush Beans. No joke, its a real brand and the best. Nothing to do with Dubya and not even from Texas. Tennessee I think. Anyhow good luck in your new "Ponderosa, pardner."
  • #39,649
  • Nov 14, 2007 8:54pm Nov 14, 2007 8:54pm
WAKE UP
If I Go Broke Trying Then I Will die happy.
  • #39,650
  • Nov 14, 2007 9:05pm Nov 14, 2007 9:05pm
Quoting Moe
WAKE UP
Bro, i have boil on my butt.. i don't feel comfortable sitting down too long
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,651
  • Nov 14, 2007 9:26pm Nov 14, 2007 9:26pm
Quoting Moe
WAKE UP
Its very quiet here during asian.. Call out for CT.. the threadkeeper during asian..
  • #39,652
  • Nov 14, 2007 9:45pm Nov 14, 2007 9:45pm
7:45 here in South Africa. Still have no Idea where this is going. Looked like a W forming but now looks like it wants to go taste 500 again..... How am I supposed to make pips with all this confusion. Only currency behaving in some way is USD/CHF
  • #39,653
  • Nov 14, 2007 10:23pm Nov 14, 2007 10:23pm
I think going to test 800 again. If 800 broken might see long.. if not back again to 500.
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,654
  • Nov 14, 2007 10:26pm Nov 14, 2007 10:26pm
There is a resistance at 2.0643 watchout..
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,655
  • Nov 14, 2007 10:29pm Nov 14, 2007 10:29pm
Quoting Qu|cksilver
I think going to test 800 again. If 800 broken might see long.. if not back again to 500.
Daily chart looks more bearish than bullish.. 800 is unlikely imo.. but havent rule out 700 yet.
  • #39,656
  • Nov 14, 2007 11:13pm Nov 14, 2007 11:13pm
Closed my long.. with +80 pips. I'm going short at 2.0583
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,657
  • Nov 14, 2007 11:23pm Nov 14, 2007 11:23pm
Quoting Qu|cksilver
Closed my long.. with +80 pips. I'm going short at 2.0583
I'm short around there also, actually from the 50%. Maybe a retest of the recent low? you going there also?
  • #39,658
  • Nov 14, 2007 11:25pm Nov 14, 2007 11:25pm
Quoting Qu|cksilver
Closed my long.. with +80 pips. I'm going short at 2.0583
Great job there..
  • #39,659
  • Nov 14, 2007 11:36pm Nov 14, 2007 11:36pm
IF my wish come true (short) my target will be 100pips down. I place my stoploss at 2.0610, if stoploss hit i'll stay out..

It's very difficult to trade without knowing the directions...
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,660
  • Nov 14, 2007 11:43pm Nov 14, 2007 11:43pm
Quoting Qu|cksilver
IF my wish come true (short) my target will be 100pips down. I place my stoploss at 2.0610, if stoploss hit i'll stay out..

It's very difficult to trade without knowing the directions...
I trade of the 30min TF. My chart was telling me it wants to break the 50ema but only after a retest of the low. and maybe by then we'll have the news out of london and we'll see which way then.
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