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Cable Update (GBPUSD)

  • #48,861
  • Jan 9, 2008 9:39am Jan 9, 2008 9:39am
dang, i again got it wrong in this pair.

indicators are not working....
will have to leave gu alone for a while
  • #48,862
  • Jan 9, 2008 9:41am Jan 9, 2008 9:41am
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...
Was frustrated also, but decided to make a commitment this year, rearrange my schedule and get up at around 2:45am.

I figured if I want to become a successful trader I needed to be around for the start of the London open, that is usually where the action is....

HOLLA
  • #48,863
  • Jan 9, 2008 9:46am Jan 9, 2008 9:46am
Can anyone smell 1.9500????................
  • #48,864
  • Jan 9, 2008 9:47am Jan 9, 2008 9:47am
Can anyone give me a reason for this current move in the pound. Was there some news that came out that I am not aware or what????
  • #48,865
  • Jan 9, 2008 9:48am Jan 9, 2008 9:48am
this is nuts...seems i should have gone down instead of up -50 pips
this is part of forex that u cant explain, even my indicators stop working!!..lol
  • #48,866
  • Jan 9, 2008 9:48am Jan 9, 2008 9:48am
Quote
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)
Thx. I just got out of my long position. GU's heading for 1.9400
  • #48,867
  • Jan 9, 2008 9:50am Jan 9, 2008 9:50am
Quoting TraderM
Can anyone give me a reason for this current move in the pound. Was there some news that came out that I am not aware or what????
Y E S

I have explained the whole move in detail here:
http://www.forexfactory.com/showthre...ewpost&t=64078
  • #48,868
  • Jan 9, 2008 9:51am Jan 9, 2008 9:51am
1.9572 support already broken... next support at 1.9454
  • #48,869
  • Jan 9, 2008 9:52am Jan 9, 2008 9:52am
i still think its going up thou....it should do
now theres major divergence when it decides it will shoot up like a rocket
  • #48,870
  • Jan 9, 2008 9:53am Jan 9, 2008 9:53am
Quoting AmeriTrini
Can anyone smell 1.9500????................
I can smell 9558 area as a start

and some news

(...) now triggering more stops on the break (9580) Minor support seen @ 9560 and next arena of demand coming in @ 9510/00
Measure twice, cut once
  • #48,871
  • Jan 9, 2008 9:56am Jan 9, 2008 9:56am

  1. 9570 is the location where cable stops to rest and consolidates before the next move, so enjoy and have fun

  • #48,872
  • Jan 9, 2008 10:01am Jan 9, 2008 10:01am
Could be time for reversal. Its a waiting game!
Attached Image (click to enlarge)
Click to Enlarge Name: 15min.gif Size: 25 KB
  • #48,873
  • Jan 9, 2008 10:14am Jan 9, 2008 10:14am
Missed the train. Waiting for reversal so I can go short! When is reversal comming, looks long overdue!
  • #48,874
  • Jan 9, 2008 10:16am Jan 9, 2008 10:16am
this is what makes people broke..completely destroys money management
  • #48,875
  • Jan 9, 2008 10:27am Jan 9, 2008 10:27am
wow, look at the cable go!!!

1.9500 STRONG SUPPORT on the WKLY!! keep that in mind....................
  • #48,876
  • Jan 9, 2008 10:28am Jan 9, 2008 10:28am
hey bullrock, long time no see. how's that EW book coming?

Quoting bullrock
Hello there.

I dont think I can say LONG GU LONG for quite some time....
Nihil Sine Deo.
  • #48,877
  • Jan 9, 2008 10:28am Jan 9, 2008 10:28am
cable is insane.....

some wannabes maybe know tomorrow will be a 50 rate cut.
  • #48,878
  • Jan 9, 2008 10:34am Jan 9, 2008 10:34am
Vote in December was 9-0 for rate cut in January. Market adjusting the day before. What happens if there is no rate cut tomorrow? the way the market is going today could go to 1.9800 if no cut!
  • #48,879
  • Jan 9, 2008 10:35am Jan 9, 2008 10:35am
Still no position taken yet.....
  • #48,880
  • Jan 9, 2008 11:04am Jan 9, 2008 11:04am
sure, if boe dont cut rates. i win or blow up my account in the gu long.
not other way.
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