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Cable Update (GBPUSD)

  • #44,541
  • Dec 12, 2007 6:57pm Dec 12, 2007 6:57pm
Quoting Firstboss
Short 2.0466, target - 20 pips
you are something else, you argue its going north but you short!!!!!!!!.........
  • #44,542
  • Dec 12, 2007 6:57pm Dec 12, 2007 6:57pm
intrend..
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 11 KB
"Invest With The Insiders, Not The Masses" George Muzea
  • #44,543
  • Dec 12, 2007 6:59pm Dec 12, 2007 6:59pm
Quoting AmeriTrini
you are something else, you argue its going north but you short!!!!!!!!.........
LOL
No, I argue that it is in a very limited downtrend, so don't be greedy when shorting.
Uptrend should form closer to the news release
"Luxury is one of the basic needs", (c), Don Corleone
  • #44,544
  • Dec 12, 2007 7:07pm Dec 12, 2007 7:07pm
it smells like a short but eu is putting a lot of pressure on the greenback, so i dont know where this thing is headed.
  • #44,545
  • Dec 12, 2007 7:14pm Dec 12, 2007 7:14pm
thanx Firstboss, really appreciate ur comments. keep on doing that..
  • #44,546
  • Dec 12, 2007 7:15pm Dec 12, 2007 7:15pm
thanx Firstboss, really appreciate ur comments. keep on doing that..
FYI, i use up to daily pivot only
  • #44,547
  • Dec 12, 2007 7:19pm Dec 12, 2007 7:19pm
The fact that GBP reacted so well to such -ve news a few hours ago is a sign that the uptrend is pretty powerful...I'd be careful to short now....
"Lunch ? Lunch Is For Wimps !"
  • #44,548
  • Dec 12, 2007 7:23pm Dec 12, 2007 7:23pm
Quoting Firstboss
LOL
No, I argue that it is in a very limited downtrend, so don't be greedy when shorting.
Uptrend should form closer to the news release
then you are gambling!!!
  • #44,549
  • Dec 12, 2007 7:23pm Dec 12, 2007 7:23pm
Quote
8:01am GBP http://www.forexfactory.com/images/m...mpact_high.gif RICS House Price Balance -40.6% -28.5% -23.4%

Strange... the data came out early morning really BAD and yet CABLE is rising Seems like ASIAN session is ignoring that fact.

Therefore, I forecast that... when LONDON OPEN... we gonna see a big drop... long BEARGUIN TRAIN might departing to the south. Because all those BIG PLAYERS from UK are still sleeping . By the way... is it true that in FOREX... UK hold the biggest share of it?

My plan for today... just wait for the clear direction... and catch the second train... Buy from dip or Sell from bounce. Might be scalping here and there.
  • #44,550
  • Dec 12, 2007 7:25pm Dec 12, 2007 7:25pm
Quoting Malaysia
Strange... the data came out early morning really BAD and yet CABLE is rising Seems like ASIAN session is ignoring that fact.

Therefore, I forecast that... when LONDON OPEN... we gonna see a big drop... long BEARGUIN TRAIN might departing to the south. Because all those BIG PLAYERS from UK are still sleeping . By the way... is it true that in FOREX... UK hold the biggest share of it?

My plan for today... just wait for the clear direction... and catch the second train... Buy from dip or Sell from bounce. Might be scalping here and there.
  • #44,551
  • Dec 12, 2007 7:27pm Dec 12, 2007 7:27pm
Watch for the bounce off 2.0490 for 10 pips scalping
"Luxury is one of the basic needs", (c), Don Corleone
  • #44,552
  • Dec 12, 2007 7:35pm Dec 12, 2007 7:35pm
482 is the top for today..
"Invest With The Insiders, Not The Masses" George Muzea
  • #44,553
  • Dec 12, 2007 7:36pm Dec 12, 2007 7:36pm
Quoting Qu|cksilver
482 is the top for today..
sell it now.. don't waste time
"Invest With The Insiders, Not The Masses" George Muzea
  • #44,554
  • Dec 12, 2007 7:37pm Dec 12, 2007 7:37pm
Quoting Qu|cksilver
482 is the top for today..
do you mean its time to go DOWN!!!??
  • #44,555
  • Dec 12, 2007 7:40pm Dec 12, 2007 7:40pm
Quoting Qu|cksilver
482 is the top for today..
Might be SELL from Top with SL a little bit above 2.0500
  • #44,556
  • Dec 12, 2007 7:41pm Dec 12, 2007 7:41pm
Quoting AmeriTrini
do you mean its time to go DOWN!!!??

YES
"Invest With The Insiders, Not The Masses" George Muzea
  • #44,557
  • Dec 12, 2007 7:42pm Dec 12, 2007 7:42pm
Quoting Qu|cksilver
YES

  • #44,558
  • Dec 12, 2007 7:43pm Dec 12, 2007 7:43pm
Quoting Qu|cksilver
YES
Just clicked the order. SL at 2.0505.
  • #44,559
  • Dec 12, 2007 7:43pm Dec 12, 2007 7:43pm
Closed my short with a 6 pips loss, waiting for a clear trend to form
"Luxury is one of the basic needs", (c), Don Corleone
  • #44,560
  • Dec 12, 2007 7:45pm Dec 12, 2007 7:45pm
Quoting AmeriTrini
eh, you don't believe?
"Invest With The Insiders, Not The Masses" George Muzea
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