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Cable Update (GBPUSD)

  • #40,841
  • Nov 23, 2007 12:19pm Nov 23, 2007 12:19pm
i trade the end of session only with multimicro lots, just for fun..., have some fun over weeken guys.......
its just money
  • #40,842
  • Nov 23, 2007 12:24pm Nov 23, 2007 12:24pm
GMT November 23rd Cable opened in New York trading 2.0575 following a
wild overnight session which saw the Euro and Swissy post fresh all-time highs
against the greenback. Initial price action in the US morning had the pair
carrying over from the USD corrective momentum seen in European trade, but fresh
bids ahead of 2.0500 emerged into the London fix with many longer-term names
seen using the USD rally as a fresh GBP buy opportunity on the dip. The strong
rally in equities was also seen propping with investors piling back into the
carry on an increased risk appetite. The weaker than expected GDP and mortgage
approvals data in London could not be ignored however helping to balance out the
trade. Key levels to watch above and below are today"s highs and lows by 2.0765
and 2.0518 respectively.
Looking ahead, the market now anxiously awaits the return of a normal dose
of liquidity following the lightened holiday trade. Expect the continued
deterioration within the UK economy weigh on the rate even in the face of broad
based negative USD sentiment.
  • #40,843
  • Nov 23, 2007 12:34pm Nov 23, 2007 12:34pm
Tim that look like a copy and paste from Thomson.com
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #40,844
  • Nov 23, 2007 1:01pm Nov 23, 2007 1:01pm
Quoting mazdaz
.........What a tragic way to end a great week. Still about 80 pips away from my SL, so hoping for the best.
I am a newbie who has selected the Cable as my point of focus and found this board most interesting and informative. So I seek your help. I have found that small SL's (10 to 25 pips) are a very good way of loosing your shirt only to watch the chart reverse and take out your TP shortly thereafter. What is a good way of determining your SL?
  • #40,845
  • Edited 1:52pm Nov 23, 2007 1:14pm | Edited 1:52pm
Quoting marketwavez
Gbp/Usd
/////////////////////////////////////////////
We may be at the " End of Wave B "
CHART UPDATE :
from last night post in here .........Sell 0645 Stop
----------------------------------------------------
Original Post .......#40705
http://forexfactory.com/showthread.p...0378&page=2714
-----------------------------------------------
Price broke down this morning ......... !
-Now waiting the approach of the targets ..........
---------------------------------------------
( Double Click on chart to enlarge )
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP-11-23-2007-#1.gif Size: 14 KB
Click to Enlarge Name: GBP-11-23-2007-#4.gif Size: 18 KB
  • #40,846
  • Nov 23, 2007 1:31pm Nov 23, 2007 1:31pm
Quoting Klee
I am a newbie who has selected the Cable as my point of focus and found this board most interesting and informative. So I seek your help. I have found that small SL's (10 to 25 pips) are a very good way of loosing your shirt only to watch the chart reverse and take out your TP shortly thereafter. What is a good way of determining your SL?
I only use s/l when I have made a few quid and I want to leave the house and it will stop me out at 1 dollar profit if it goes wrong...

otherwise the market is 'all seeing' like god (actually she is omniverous) and the market will hit your s/l on the nose and then rocket back the other way.

The biggest gains I have ever made were from going on holiday and forgetting to kill my pending orders (which had no s/l)

You will take it from this that the cable market is like a mange maddened chipmunk on amphetime and acid cocktail in a cage next to a hungry leopard...

We all try to predict which way it's going to jump but we dont know and s/ls are always going to get whacked if you wait long enough..

some people put 'catastrophe' s/l's on (huge) only to have em triggered 1 hour later (or less)

i make small trades while it is volatile like this so i can take the hits without blushing
  • #40,847
  • Nov 23, 2007 1:37pm Nov 23, 2007 1:37pm
Quoting marketwavez
Some say , UP ! ............... Some Say DOWN !
////////////////////////////////////////////////////////
How come no one is saying Consolidation ?
---------------------------------------------
Well , tomorrow we see who is right in here :

Price is now fooling around with this 50 % retracement line .
( See chart below )

Will price break through it ?
- Maybe even close the overhead gap ?

--------------------------------------------------------------
There appears to be alot of resistance at this Fibonacci Line .....
PLEASE BE AWARE !...........

- Happy Thnksgiving to you all ....

( Double Click on chart to Enlarge )
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-11-22-2007-#2.gif Size: 19 KB
  • #40,848
  • Nov 23, 2007 2:38pm Nov 23, 2007 2:38pm
Quoting Bones
Tim that look like a copy and paste from Thomson.com

it is
  • #40,849
  • Nov 23, 2007 2:58pm Nov 23, 2007 2:58pm
Quoting MrFuture
Why did I ever open a position on a Friday, Thanksgiving weekend, is beyond me. Great way to get punished....unbelievable. I had the chance to have a nice weekend of no worries but I HAD to open a trade and screw it up !

AMAZING !!!!!
Not a great consolation, but still: you are not alone...
  • #40,850
  • Nov 23, 2007 3:26pm Nov 23, 2007 3:26pm
Quoting tim1234
Does weekly chart show up trend ?
weekly chart
Attached Image (click to enlarge)
Click to Enlarge Name: make up your own mind.gif Size: 20 KB
  • #40,851
  • Nov 23, 2007 3:54pm Nov 23, 2007 3:54pm
the bastard keeps going up even when it is closing.....
"Lunch ? Lunch Is For Wimps !"
  • #40,852
  • Nov 23, 2007 3:59pm Nov 23, 2007 3:59pm
best part is, my broker closed for the weekend and I can't get out....isn't that funny ?
"Lunch ? Lunch Is For Wimps !"
  • #40,853
  • Nov 23, 2007 4:08pm Nov 23, 2007 4:08pm
The weekend long question is: will it bounce down and follow the channel, or break it and continue north ?

Already I do not like the fact it went above the 62ema......
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 29 KB
"Lunch ? Lunch Is For Wimps !"
  • #40,854
  • Nov 23, 2007 11:24pm Nov 23, 2007 11:24pm
quicksilver, what about next week market? are you going long or short?
  • #40,855
  • Nov 24, 2007 12:12pm Nov 24, 2007 12:12pm
see what i figure about -
Attached Image (click to enlarge)
Click to Enlarge Name: 1234.jpg Size: 176 KB
  • #40,856
  • Nov 24, 2007 7:52pm Nov 24, 2007 7:52pm
hi..eeee..i think cable will go up..from 2.0590 to 636..then 700++......from my view..hapy trading on monday....
be patient, self-belief and discipline... stay focus...
  • #40,857
  • Nov 24, 2007 8:02pm Nov 24, 2007 8:02pm
Quoting radit27
hi..eeee..i think cable will go up..from 2.0590 to 636..then 700++......from my view..hapy trading on monday....
what is eeee means? sorry i don't understand what are you talking about.
  • #40,858
  • Nov 24, 2007 8:16pm Nov 24, 2007 8:16pm
Quoting radit27
hi..eeee..i think cable will go up..from 2.0590 to 636..then 700++......from my view..hapy trading on monday....
black hawk down black hawk down.......
be patient, self-belief and discipline... stay focus...
  • #40,859
  • Nov 24, 2007 8:21pm Nov 24, 2007 8:21pm
Quoting radit27
black hawk down black hawk down.......
i think you are insane!
  • #40,860
  • Nov 24, 2007 8:31pm Nov 24, 2007 8:31pm
Quoting McDonald
i think you are insane!

"Invest With The Insiders, Not The Masses" George Muzea
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