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Cable Update (GBPUSD)

  • #39,661
  • Nov 15, 2007 1:49am Nov 15, 2007 1:49am
Quoting kreeper_6
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.
im not sure about that
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,662
  • Nov 15, 2007 1:53am Nov 15, 2007 1:53am
Quoting Qu|cksilver
im not sure about that
You must think I sound like a fool. I am still learning...
  • #39,663
  • Nov 15, 2007 1:58am Nov 15, 2007 1:58am
Quoting kreeper_6
You must think I sound like a fool. I am still learning...
Wow bro.. trade what you see and what your system tells you.. i can close my short anytime...if i see the bull has more power

im just newbie.. :
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,664
  • Nov 15, 2007 2:19am Nov 15, 2007 2:19am
Quoting Qu|cksilver
Wow bro.. trade what you see and what your system tells you.. i can close my short anytime...if i see the bull has more power

im just newbie.. :
Excellent exchange between you 2, your modesty and understanding will keep you making money long after the "experts" have written down their billion dollar losses.

Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #39,665
  • Nov 15, 2007 2:22am Nov 15, 2007 2:22am
Quoting kreeper_6
I'm short around there also, actually from the 50%. Maybe a retest of the recent low? you going there also?
I move stoploss to be.
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,666
  • Nov 15, 2007 2:31am Nov 15, 2007 2:31am
Quoting Qu|cksilver
I move stoploss to be.
I had my SL moved to 2.0560 after it broke the 23.6% fibo. It was hit w/ +25 pips. the move down touched the low from 2x ago @2.0520 and bounced pretty good. So I'll wait till a break upwards or the news, although I'm tempted to short again.

Thanx for letting me in on your BE move.
  • #39,667
  • Nov 15, 2007 2:49am Nov 15, 2007 2:49am
On daily cable on and testing 23% retracment. Now has to decide if want to give the upshot a nother try or go down to the 38%. I thinkbest to wait if breaks up over 650 then going up if breaks 500 down then going all the way to 200 to 150. Seen that I have already give half this weeks pips back I am waiting for cable to make up its mind............if possible
  • #39,668
  • Nov 15, 2007 3:13am Nov 15, 2007 3:13am
If the retail fig come out as predicted will cable react or stay where it is?
  • #39,669
  • Nov 15, 2007 3:16am Nov 15, 2007 3:16am
...cable will fall hard tonight,time for short !
  • #39,670
  • Nov 15, 2007 3:17am Nov 15, 2007 3:17am
Quoting kreeper_6
I had my SL moved to 2.0560 after it broke the 23.6% fibo. It was hit w/ +25 pips. the move down touched the low from 2x ago @2.0520 and bounced pretty good. So I'll wait till a break upwards or the news, although I'm tempted to short again.

Thanx for letting me in on your BE move.
That's good with 25 pips... i'm still in trade.
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,671
  • Nov 15, 2007 3:22am Nov 15, 2007 3:22am
Quoting 30pips
...cable will fall hard tonight,time for short !
oh.. care to explain more 30pips? i just got here ..
  • #39,672
  • Nov 15, 2007 3:34am Nov 15, 2007 3:34am
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...
hit my tp +100pips.
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,673
  • Nov 15, 2007 3:35am Nov 15, 2007 3:35am
Is there suddenly a gap in the middle of this down??

between 2.0521 - 2.0510??
  • #39,674
  • Nov 15, 2007 3:37am Nov 15, 2007 3:37am
Quoting Qu|cksilver
hit my tp +100pips.
I got the shakes and tightened my SL way too premature, now I have nowhere to catch the ride if it continues although it seems to have slowed. I shoulda listened to the the little guy on my shoulder and took that 2nd short...

But I still closed w/ a gain so I am happy.
  • #39,675
  • Nov 15, 2007 3:38am Nov 15, 2007 3:38am
Quoting Qu|cksilver
hit my tp +100pips.
Well done half those are mine you took! Is cable now going south to 200 now that it properly broke 500?
  • #39,676
  • Nov 15, 2007 3:38am Nov 15, 2007 3:38am
Quoting guyver_FiXer
Is there suddenly a gap in the middle of this down??

between 2.0521 - 2.0510??
TF??
  • #39,677
  • Nov 15, 2007 3:41am Nov 15, 2007 3:41am
I'm going long.. maybe 2.0465 area or lower.
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,678
  • Nov 15, 2007 3:43am Nov 15, 2007 3:43am
Quoting kreeper_6
TF??
gap is on 15 min tf on mt4
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #39,679
  • Nov 15, 2007 3:45am Nov 15, 2007 3:45am
Quoting moneymagnet
gap is on 15 min tf on mt4
No gap here. I use Interbank FX on a Live account.
  • #39,680
  • Nov 15, 2007 3:49am Nov 15, 2007 3:49am
Bad news...

"Barclays, Britain's third biggest bank, said its investment bank unit made a 1.3 billion pound ($2.7 billion) writedown due to its exposure to credit market problems in the four months to the end of October."

Morning all.
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