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Cable Update (GBPUSD)

  • #48,841
  • Jan 9, 2008 8:42am Jan 9, 2008 8:42am
IM 1.9597 LONG
  • #48,842
  • Jan 9, 2008 8:42am Jan 9, 2008 8:42am
I am officially frustrated to be a USA based trader. All the action happens right when I go to sleep, just like this latest drop we are having today.

I am still happy that my balance in the acct is double of what I had when I went live in September, yet it could be much more than that.


To all the US traders, do you wake up at 2am et and trade, or what ?

I am thinking this is the only way...kind of sucks, it means that once I am home from work I have to go to sleep immediately.....oh boy oh boy...
"Lunch ? Lunch Is For Wimps !"
  • #48,843
  • Jan 9, 2008 8:44am Jan 9, 2008 8:44am
Quoting soros_junior
how about u? tomorrow got many news event... maybe will close some of the trades
I think if we can break 9580 then strong possibility of 9515. Trouble is at least 0.5% drop in UK interest rates has been built in. Less than that figure is going to result in a big pull back. Would like to see some retracement soon before further drop. My feeling is if we do not get a pull back soon, that pull back could re-test 9653.
  • #48,844
  • Jan 9, 2008 8:44am Jan 9, 2008 8:44am
Quoting FXdaily
IM 1.9597 LONG

Fxdaily... where have You been?
glad to read your post...
Never Give Up.....
  • #48,845
  • Jan 9, 2008 8:50am Jan 9, 2008 8:50am
Quoting MrFuture
I am officially frustrated to be a USA based trader. All the action happens right when I go to sleep, just like this latest drop we are having today.

I am still happy that my balance in the acct is double of what I had when I went live in September, yet it could be much more than that.


To all the US traders, do you wake up at 2am et and trade, or what ?

I am thinking this is the only way...kind of sucks, it means that once I am home from work I have to go to sleep immediately.....oh boy oh boy...
noticed that 2 ...while i sleep it sets the action for the day...forcing me to try and position trade but its all part of the learning process. Dont worry there will be plenty of trades like this u wont miss, u have yur whole life to find them
  • #48,846
  • Jan 9, 2008 8:50am Jan 9, 2008 8:50am
Quoting lessy
Fxdaily... where have You been?
glad to read your post...
Hey hey ....i worked myself hardly becos last Friday i lost -20.000$
Now all is okey and im back.
  • #48,847
  • Jan 9, 2008 8:51am Jan 9, 2008 8:51am
Quoting Terri1
I think if we can break 9580 then strong possibility of 9515. Trouble is at least 0.5% drop in UK interest rates has been built in. Less than that figure is going to result in a big pull back. Would like to see some retracement soon before further drop. My feeling is if we do not get a pull back soon, that pull back could re-test 9653.

no interest rate cut is priced in, atleast on the forexfactory calendar!!
  • #48,848
  • Jan 9, 2008 8:52am Jan 9, 2008 8:52am
Quoting MrFuture
I am officially frustrated to be a USA based trader. All the action happens right when I go to sleep, just like this latest drop we are having today.

I am still happy that my balance in the acct is double of what I had when I went live in September, yet it could be much more than that.


To all the US traders, do you wake up at 2am et and trade, or what ?

I am thinking this is the only way...kind of sucks, it means that once I am home from work I have to go to sleep immediately.....oh boy oh boy...
Ive slept 6 hours in the last 48 hours... surely not good for me... off to work for a 12 hr day in 3 hours! Damn... Have made some sweet pips though...
"If it bleeds ... we can kill it"
  • #48,849
  • Jan 9, 2008 8:54am Jan 9, 2008 8:54am
Quoting mike w
I didn't know we were at war! lol

What makes you say that? Folks, look at the daily chart. We got a retracement and then dropped like a rock off of yesterday's pin bar. Yes, we most likely will get retracements. Will we move back upwards? I don't know but probability says no. Look to the higher timeframes and they show a much clearer picture than the lower timeframes.
Take heed ppl...

I reckon your spot on mike... ive been short since around 214.80... In and out... fairly choppy, however we have more to the downside fo sho (in my opinion)
"If it bleeds ... we can kill it"
  • #48,850
  • Jan 9, 2008 8:55am Jan 9, 2008 8:55am
Quoting MrFuture
I am officially frustrated to be a USA based trader. All the action happens right when I go to sleep, just like this latest drop we are having today.

I am still happy that my balance in the acct is double of what I had when I went live in September, yet it could be much more than that.


To all the US traders, do you wake up at 2am et and trade, or what ?

I am thinking this is the only way...kind of sucks, it means that once I am home from work I have to go to sleep immediately.....oh boy oh boy...
If I see an opportunity on the daily timeframes I will either place a trade right then or sleep until about 2 from there and then trade the 4 hour timeframes. You'll often see on cable that if you get an opportunity on the daily that it plays out in early morning.
I dream, therefore I become.
  • #48,851
  • Jan 9, 2008 8:59am Jan 9, 2008 8:59am
how many people have been stopped out....im -37 pips now and still waiting bulls the bulls to fight
  • #48,852
  • Jan 9, 2008 9:04am Jan 9, 2008 9:04am
Quoting nAVIN2007
how many people have been stopped out....im -37 pips now and still waiting bulls the bulls to fight
Im short for now mate - wont be holding this position for much longer - will prob close and sell the retracement if/when it occurs. Remember the overall trend is down (GBPJPY)
"If it bleeds ... we can kill it"
  • #48,853
  • Jan 9, 2008 9:11am Jan 9, 2008 9:11am
Already opened a long position. I strongly feel GBP/USD is about to get bullish
  • #48,854
  • Jan 9, 2008 9:14am Jan 9, 2008 9:14am
Quoting kayfyre
Already opened a long position. I strongly feel GBP/USD is about to get bullish
retracement maybe.. longer term is still downtrend... just look at the weekly tf
  • #48,855
  • Jan 9, 2008 9:15am Jan 9, 2008 9:15am
Quoting nAVIN2007
how many people have been stopped out....im -37 pips now and still waiting bulls the bulls to fight
i hope u can close it with small profits or BE during the retracement....
  • #48,856
  • Jan 9, 2008 9:18am Jan 9, 2008 9:18am
open longs with small lots, put the sl before current low. or about 1.9570, target 1.9650.
ill risk, there is not other way to win in this probable opportunity.

i bet the rate cut has been priced.

come on, we got better than expected home sales inflation in december and great industrial indicators.
in 10 minutes we have some news. i bet the indicator is good.

+ in stochastic we got a probable entry in H4.
  • #48,857
  • Jan 9, 2008 9:20am Jan 9, 2008 9:20am
Quoting soros_junior
i hope u can close it with small profits or BE during the retracement....
so do i ....let see what happens..im glad it isnt real money thou ..im not sure if i could have taken this
  • #48,858
  • Jan 9, 2008 9:21am Jan 9, 2008 9:21am
Hello there.

I dont think I can say LONG GU LONG for quite some time....
.
  • #48,859
  • Jan 9, 2008 9:28am Jan 9, 2008 9:28am
Quoting kayfyre
Already opened a long position. I strongly feel GBP/USD is about to get bullish
Feel? Not gambling you are referring to ? Feelings won't make your investments capital expand in this marked , it's not that easy. Even if your feelings are right this time, it would kill you even in the short run.


Only position that could tempt me is for downside if 9578 is broken (daily support 2)
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Measure twice, cut once
  • #48,860
  • Jan 9, 2008 9:33am Jan 9, 2008 9:33am
Quoting MrFuture
I am officially frustrated to be a USA based trader. All the action happens right when I go to sleep, just like this latest drop we are having today.

I am still happy that my balance in the acct is double of what I had when I went live in September, yet it could be much more than that.


To all the US traders, do you wake up at 2am et and trade, or what ?

I am thinking this is the only way...kind of sucks, it means that once I am home from work I have to go to sleep immediately.....oh boy oh boy...

damn it man, I FEEL YOUR PAIN!!!!!!!!!!!!!!............
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