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Cable Update (GBPUSD)

  • #43,301
  • Dec 6, 2007 1:12am Dec 6, 2007 1:12am
Quoting forexguru
----- close your long, for a long trade price should retrace and break 2.0362
level. If you want to make money in forex never listen to rumors from people that are based on feelings and not what they see... cable will fly down today after the rate cut.. put an entry sell and buy order to be sure anyway.. do not trade before 2. GMT

sorry before 12.00 GMT , 2.00 is my time here.. just put entry market orders 1-2 minutes before news on both sides.
  • #43,302
  • Dec 6, 2007 1:13am Dec 6, 2007 1:13am
After the rate news both cableand euro should start turning up.
GBP has been testing its daily/weekly trendline, EUR needs to test the 1.45 level.
Just wait and see how analysts will explain USD decline buy the fear of interest rate cut by the Fed next week.
Additionally, GBP is currently undervalued vs. EUR, so scalping on EUR/GBP shorts is a safer sailing around the news, imho
"Luxury is one of the basic needs", (c), Don Corleone
  • #43,303
  • Dec 6, 2007 1:13am Dec 6, 2007 1:13am
Hi all

Hi Qs i think we have to wait maybe cable test 61.8 fibo line @ 2.0230
  • #43,304
  • Dec 6, 2007 1:14am Dec 6, 2007 1:14am
It is inevitable that cable goes up now. Even if it is just for a retrenchment to 23.6% or 38.2% FIB. Even with interest rate cut which will just be a spike. Weekly trend is up, will need exceptionally bad news for cable to brake weekly up trend although we are not quit at the bottom of the trend line, could still go to 2.0150. I see 2.100 coming up before year end. Trade L/T keep yourself busy by scalping intraday. So LONG CABLE LONG
  • #43,305
  • Dec 6, 2007 1:16am Dec 6, 2007 1:16am
[quote=Agro;1746847]Hey guys,


Stop at 215 but will be out way before that gets hit

[quote]

Good luck! Careful with the 215 stop - if GBP spikes down for only a minute it might get closer to 200 - I've seen GBP do that during high volatility around hundreds
"Luxury is one of the basic needs", (c), Don Corleone
  • #43,306
  • Dec 6, 2007 1:18am Dec 6, 2007 1:18am
Quoting Firstboss
After the rate news both cableand euro should start turning up.
GBP has been testing its daily/weekly trendline, EUR needs to test the 1.45 level.
Just wait and see how analysts will explain USD decline buy the fear of interest rate cut by the Fed next week.
Additionally, GBP is currently undervalued vs. EUR, so scalping on EUR/GBP shorts is a safer sailing around the news, imho
i agree that this is the most likely outcome.....
  • #43,307
  • Dec 6, 2007 1:23am Dec 6, 2007 1:23am
Thanks man,

But don't worry, I'm pretty quick on that left click

Anyway, if I get stopped, thats 1%. I will live to fight many, many more days
  • #43,308
  • Dec 6, 2007 1:24am Dec 6, 2007 1:24am
Im sure that theres a relation between the money in your account and the accuracy of your trading................
  • #43,309
  • Dec 6, 2007 1:25am Dec 6, 2007 1:25am
Quoting deboooo2005
Hi all

Hi Qs i think we have to wait maybe cable test 61.8 fibo line @ 2.0230
230 i don't think so.. now is the best time to long.

2.0230 is below the support. If crack support then go short.
"Invest With The Insiders, Not The Masses" George Muzea
  • #43,310
  • Dec 6, 2007 1:26am Dec 6, 2007 1:26am
Quoting forexguru
sorry before 12.00 GMT , 2.00 is my time here.. just put entry market orders 1-2 minutes before news on both sides.
You mean hedge ?
  • #43,311
  • Dec 6, 2007 1:28am Dec 6, 2007 1:28am
Quoting juliekhan
You mean hedge ?
no, entry order, not a market order.. if price goes up 18 pips or down 18 pips your order will open automatically.. it will either go up or down.. stop loss and take profit is your business.. be sure to have both though.
  • #43,312
  • Dec 6, 2007 1:28am Dec 6, 2007 1:28am
Quoting Qu|cksilver
230 i don't think so.. now is the best time to long.

2.0230 is below the support. If crack support then go short.

We are obviously looking at the same chart
  • #43,313
  • Dec 6, 2007 1:30am Dec 6, 2007 1:30am
Quoting forexguru
no, entry order, not a market order.. if price goes up 18 pips or down 18 pips your order will open automatically.. it will either go up or down.. stop loss and take profit is your business.. be sure to have both though.
Thanks
  • #43,314
  • Dec 6, 2007 1:30am Dec 6, 2007 1:30am
wow, there is something below 2.0260.
eu dow and cable holding and gaining some real pips. despite of all bad sentiment surrounding that currency, lets see what happens with cable when euro get past 1.4610 again.
  • #43,315
  • Dec 6, 2007 1:32am Dec 6, 2007 1:32am
if it breaks the support , it should retest it , for a good entry....thats a big if though....long2.0265
  • #43,316
  • Dec 6, 2007 1:41am Dec 6, 2007 1:41am
cable looks crazy
  • #43,317
  • Dec 6, 2007 1:44am Dec 6, 2007 1:44am
down cable down
  • #43,318
  • Dec 6, 2007 1:44am Dec 6, 2007 1:44am
Quoting Qu|cksilver
230 i don't think so.. now is the best time to long.

2.0230 is below the support. If crack support then go short.

i told u Qs it testing now
  • #43,319
  • Dec 6, 2007 1:47am Dec 6, 2007 1:47am
bye cable .... bye
  • #43,320
  • Dec 6, 2007 1:48am Dec 6, 2007 1:48am
Quoting deboooo2005
i told u Qs it testing now
you are correct man...
i long at 2.0224
"Invest With The Insiders, Not The Masses" George Muzea
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