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Cable Update (GBPUSD)

  • #50,601
  • Jan 22, 2008 7:48am Jan 22, 2008 7:48am
as for me

i was in around 9520...sold half my positions at 9585...now holding the other half with a SL at 9530 (last half to have 10 pip profit...haha)
  • #50,602
  • Jan 22, 2008 7:49am Jan 22, 2008 7:49am
close my previous short G/U and G/J BE +10 a now Im short 1.9575 and 208.90... i hope....
  • #50,603
  • Jan 22, 2008 7:50am Jan 22, 2008 7:50am
Quoting Qu|cksilver
still short. i think its going to drop... i mean big drop.
Hi everybody,

QS, what is the drop base on ?
  • #50,604
  • Jan 22, 2008 7:51am Jan 22, 2008 7:51am
Quoting Qu|cksilver
still short. i think its going to drop... i mean big drop.
i agree, but duno till where...haha
  • #50,605
  • Jan 22, 2008 7:51am Jan 22, 2008 7:51am
Quoting dds_student
wow!!! how many lots do you have and what timeframe did you traded in?

It doesn't matter how many lots, I am up +200 pips.
  • #50,606
  • Jan 22, 2008 8:00am Jan 22, 2008 8:00am
Quoting albertotralzt
Hi everybody,

QS, what is the drop base on ?
Base from my system. (maybe im wrong)
From what i know USD cut .75% and that what very big cut! That could move cable 150-200 pips up! but after the spike i see price unable to break the resistance and i quickly short from there.

That's my reason.
"Invest With The Insiders, Not The Masses" George Muzea
  • #50,607
  • Jan 22, 2008 8:00am Jan 22, 2008 8:00am
Quoting dds_student
as for me

i was in around 9520...sold half my positions at 9585...now holding the other half with a SL at 9530 (last half to have 10 pip profit...haha)
haha
dats kinda good
  • #50,608
  • Jan 22, 2008 8:02am Jan 22, 2008 8:02am
Quoting Qu|cksilver
Base from my system. (maybe im wrong)
From what i know USD cut .75% and that what very big cut! That could move cable 150-200 pips up! but after the spike i see price unable to break the resistance and i quickly short from there.

That's my reason.

its just a short term resistance. watch gbp/usd hit theresistance a few times and then shoot thru it when usa opens.
  • #50,609
  • Jan 22, 2008 8:04am Jan 22, 2008 8:04am
Quoting Qu|cksilver
Base from my system. (maybe im wrong)
From what i know USD cut .75% and that what very big cut! That could move cable 150-200 pips up! but after the spike i see price unable to break the resistance and i quickly short from there.

That's my reason.
if it's unable to break, then isit goin down again? unpredicable...
  • #50,610
  • Jan 22, 2008 8:04am Jan 22, 2008 8:04am
Quoting Gubster
its just a short term resistance. watch gbp/usd hit theresistance a few times and then shoot thru it when usa opens.
Yes cable can go anywhere. i already lock my profit.
"Invest With The Insiders, Not The Masses" George Muzea
  • #50,611
  • Jan 22, 2008 8:06am Jan 22, 2008 8:06am
Quoting Qu|cksilver
Yes cable can go anywhere. i already lock my profit.
nice one. good trade
  • #50,612
  • Jan 22, 2008 8:11am Jan 22, 2008 8:11am
crazy cable!!! unable to catch any!!
  • #50,613
  • Jan 22, 2008 8:11am Jan 22, 2008 8:11am
to all traders what can you say about the emergency interest rate cut, i miss the chance
  • #50,614
  • Jan 22, 2008 8:12am Jan 22, 2008 8:12am
Quoting JuSh
crazy cable!!! unable to catch any!!
yes cable is really doing my head in!!
it needs a move in any direction i cant take it anymore
  • #50,615
  • Jan 22, 2008 8:12am Jan 22, 2008 8:12am
Quoting the01
to all traders what can you say about the emergency interest rate cut, i miss the chance
Sometimes, you just get 1 chance in ur life. But with forex, alot of chances are ahead. Don't worry.
  • #50,616
  • Jan 22, 2008 8:13am Jan 22, 2008 8:13am
Quoting the01
to all traders what can you say about the emergency interest rate cut, i miss the chance
well, i miss the chance too.. ahha
  • #50,617
  • Jan 22, 2008 8:14am Jan 22, 2008 8:14am
Quoting Gubster
yes cable is really doing my head in!!
it needs a move in any direction i cant take it anymore
so what do u think? isit still going down?
  • #50,618
  • Jan 22, 2008 8:15am Jan 22, 2008 8:15am
Quoting JuSh
so what do u think? isit still going down?
us market doesnt open until another 15 mins...its going to be a long 15 mins...
  • #50,619
  • Jan 22, 2008 8:16am Jan 22, 2008 8:16am
its looking good for short now...62ema is past on 1 hr chart...price has bounced of trendline on daily chart if we dont go down south...then forex really is gambling!!!!

what do u guys and girls think? ....south or north?
  • #50,620
  • Jan 22, 2008 8:17am Jan 22, 2008 8:17am
Im confused. Fed cutted rates unbelievely, but cable retraced down in now he tries to cross 9500, one of possible reasons is that tomorrow we will have MPC meeting minutes and till tomorrow we'll see cable going south, what do you think guys about that?
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