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Cable Update (GBPUSD)

  • #41,241
  • Nov 26, 2007 9:27pm Nov 26, 2007 9:27pm
Quoting Qu|cksilver
Alright! where is your stoploss? 2.900? :
Moe expecting 2.0900 so you better put your stoploss above that 900 level

LOL!
took half at 750, next half at 850, don't know if it will go above that, s/l 620 break even on the second half.
If I Go Broke Trying Then I Will die happy.
  • #41,242
  • Nov 26, 2007 9:29pm Nov 26, 2007 9:29pm
I don't think cable can go above 755..
There is a resistance.
"Invest With The Insiders, Not The Masses" George Muzea
  • #41,243
  • Nov 26, 2007 9:30pm Nov 26, 2007 9:30pm
Abu Dhabi injecting money on a "poor" American bank.....huge spike across the carries !!!!!!
For he that would be deceived, let him.
  • #41,244
  • Nov 26, 2007 9:33pm Nov 26, 2007 9:33pm
Right, confirm downtrend today.. set my stoploss 2.0774
4hr look ranging btw S&R
"Invest With The Insiders, Not The Masses" George Muzea
  • #41,245
  • Nov 26, 2007 9:38pm Nov 26, 2007 9:38pm
Quoting Qu|cksilver
I don't think cable can go above 755..
There is a resistance.
i agree just by looking around, but we can say what we think and this and that, my system scan the market and gave me a new t/p at 850, so ima go with what i know and that's a system that is rock solid. lets see what happens. there is no emotion in my trading, lot of traders get in trades then start looking for a reason to go the opposite way without giving it a chance to finish it's journey.
If I Go Broke Trying Then I Will die happy.
  • #41,246
  • Nov 26, 2007 9:40pm Nov 26, 2007 9:40pm
Quoting Moe
i agree just by looking around, but we can say what we think and this and that, my system scan the market and gave me a new t/p at 850, so ima go with what i know and that's a system that is rock solid. lets see what happens. there is no emotion in my trading, lot of traders get in trades then start looking for a reason to go the opposite way without giving it a chance to finish it's journey.
wow.. you're system can scan the market??
where did you bought that system? ebay??

LOL!
"Invest With The Insiders, Not The Masses" George Muzea
  • #41,247
  • Nov 26, 2007 9:42pm Nov 26, 2007 9:42pm
Quoting Qu|cksilver
Alright! where is your stoploss? 2.900? :
Moe expecting 2.0900 so you better put your stoploss above that 900 level

LOL!
OK, OK, I got it, Moe is using a Trailing Stop (Yes?/No?).... If not, there goes my account
  • #41,248
  • Nov 26, 2007 9:58pm Nov 26, 2007 9:58pm
Quoting Qu|cksilver
wow.. you're system can scan the market??
where did you bought that system? ebay??

LOL!
whats funny is you never heard of such a system
If I Go Broke Trying Then I Will die happy.
  • #41,249
  • Nov 26, 2007 10:00pm Nov 26, 2007 10:00pm
Quoting Klee
OK, OK, I got it, Moe is using a Trailing Stop (Yes?/No?).... If not, there goes my account
if thats your account, then your way overleverage.
If I Go Broke Trying Then I Will die happy.
  • #41,250
  • Nov 26, 2007 10:01pm Nov 26, 2007 10:01pm
scale out three quarters of my position for 200 +
  • #41,251
  • Nov 26, 2007 10:04pm Nov 26, 2007 10:04pm
wtf, what happen to the carries

:surprised

300 pips/hour speed
  • #41,252
  • Nov 26, 2007 10:07pm Nov 26, 2007 10:07pm
Quoting benssol
wtf, what happen to the carries

:surprised

300 pips/hour speed
shit going crazy.
If I Go Broke Trying Then I Will die happy.
  • #41,253
  • Nov 26, 2007 10:12pm Nov 26, 2007 10:12pm
Quoting Moe
whats funny is you never heard of such a system
anything else you wanna add before i rest my eyes qs
If I Go Broke Trying Then I Will die happy.
  • #41,254
  • Nov 26, 2007 10:19pm Nov 26, 2007 10:19pm
i'm not so sure about cable going short.
here's a chart with some explanations:
- for a reversal to begin, i would expect a bearish divergence on CCI; right now i don't see any... well, there would be one but not very obvious.
- the trendline break would be the confirmation that the divergence worked (maybe a close below 2.0705). if CCI also drops below 0, then short is confirmed.
however, looking at the chart at it is now, my possible scenario is a test of that trendline and then up again, maybe to 2.0850... maybe more. we'll see.
Attached Image (click to enlarge)
Click to Enlarge Name: g-u.gif Size: 19 KB
Nihil Sine Deo.
  • #41,255
  • Nov 26, 2007 10:19pm Nov 26, 2007 10:19pm
Quoting Moe
shit going crazy.
this is what I found on the wires

AUD/USD jumps to intraday high of 0.8775 after Wall Street Journal reports Citigroup receives cash injection of $7.5 billion from investment arm of Abu Dhabi government; deal would make ADIA one of bank's largest investors. AUD soars 50 points immediately after report published, says ABN Amro strategist Greg Gibbs; pair last 0.8774; AUD/JPY 94.75 vs 93.68 earlier. (EGC)
  • #41,256
  • Nov 26, 2007 10:21pm Nov 26, 2007 10:21pm
USD/JPY jumps nearly one yen to 108.45 on Wall Street Journal report Citigroup receives cash injection of $7.5 billion from investment arm of Abu Dhabi government, trader at major Japan bank says. U.S., Europe, Japan players all cutting short positions, perhaps on speculation other big investors may follow suit to pump cash into U.S. banks, helping prevent U.S. credit crunch from worsening, he says; "But that's nothing more than speculation," with outlook for global economy still unclear, so USD/JPY rise likely temporary. For near-term, tips 107.70-108.80 band; pair last 108.22 on EBS. But in coming weeks says fall to 105.00 possible.
  • #41,257
  • Nov 26, 2007 10:28pm Nov 26, 2007 10:28pm
we could possibly head right back where we came from 2.500 Iam still bullish at this point
  • #41,258
  • Nov 26, 2007 10:40pm Nov 26, 2007 10:40pm
The lowest would be 665, but most of it will depend on tomorrows US cons confidence and wallstreet...
"Lunch ? Lunch Is For Wimps !"
  • #41,259
  • Nov 26, 2007 10:57pm Nov 26, 2007 10:57pm
instinct tells me this would be a great place for short but greed is keeping me long with that last piece. i've drawn a fib of the five day avg. we are right at the 50% retracement level
  • #41,260
  • Nov 26, 2007 11:04pm Nov 26, 2007 11:04pm
some body short this sucker,anybody?
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