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Cable Update (GBPUSD)

  • #50,881
  • Jan 24, 2008 4:42am Jan 24, 2008 4:42am
Quoting samclider
I still believe ..1.9600 this price i should buy....again ..if not no trade
I sure hope yur right and the price does go back there...i will also buy there if we get the chance....
  • #50,882
  • Jan 24, 2008 4:51am Jan 24, 2008 4:51am
Quoting nik1033
cable will reach 1.9720 today IMHO...

GL
GO GO too close to be true
  • #50,883
  • Jan 24, 2008 4:56am Jan 24, 2008 4:56am
Cable facing first daily resistance @ 1.9642
  • #50,884
  • Jan 24, 2008 4:59am Jan 24, 2008 4:59am
after long from 1.9584... get some pips..
now i try short from 1.9639...
don't follow me.... my own risk..
Never Give Up.....
  • #50,885
  • Jan 24, 2008 5:02am Jan 24, 2008 5:02am
Quoting Bones
Intresting
the thing that strikes me the most there is you dont exactly get a bounce back into the up trend considering your looking at the monthly there are loads of bars at these levels before the resumption of former trend
You are correct...
When we see this TF, it is a long term trade. A lot of thing happens inside that period of time and of course just one candle = a lot of pips up and down.
Like small TF, the resumption is consolidation for the big guys at higher TF.
  • #50,886
  • Jan 24, 2008 5:04am Jan 24, 2008 5:04am
Quoting lessy
after long from 1.9584... get some pips..
now i try short from 1.9639...
don't follow me.... my own risk..

oops sorry... i should mention that i'm short just for retrace...
Never Give Up.....
  • #50,887
  • Jan 24, 2008 5:05am Jan 24, 2008 5:05am
Quoting Bones
also would i b right that even if we get a hammer candle this month you still need to check the next candle out for confirmation
Agree again, is exactly like small TF, you have to wait for confirmation. Next candle will said a lot.
  • #50,888
  • Jan 24, 2008 5:10am Jan 24, 2008 5:10am
Quoting lessy
after long from 1.9584... get some pips..
now i try short from 1.9639...
don't follow me.... my own risk..
oops.. sorry.. i should mention that i short just for the retrace...
Never Give Up.....
  • #50,889
  • Jan 24, 2008 5:14am Jan 24, 2008 5:14am
Quoting lessy
oops.. sorry.. i should mention that i short just for the retrace...

Good Luck ..
  • #50,890
  • Jan 24, 2008 5:15am Jan 24, 2008 5:15am
Charles ex Bank trader calling short 30pip s/l open t/p for EUR USD
  • #50,891
  • Jan 24, 2008 5:23am Jan 24, 2008 5:23am
Quoting Runway Trade
Charles ex Bank trader calling short 30pip s/l open t/p for EUR USD
News coming in 7 minutes tho....
  • #50,892
  • Jan 24, 2008 5:35am Jan 24, 2008 5:35am

Unemployment Claims 301K same previous better than forecast 320k
  • #50,893
  • Jan 24, 2008 5:42am Jan 24, 2008 5:42am
to be sure its a uptrend that will last it has to cross 1.9654 me feels..thx god i got out of the mess i did earlier..fewwww
  • #50,894
  • Jan 24, 2008 5:48am Jan 24, 2008 5:48am
Quoting nAVIN2007
to be sure its a uptrend that will last it has to cross 1.9654 me feels..thx god i got out of the mess i did earlier..fewwww

if cable couldnt break it with home sales news ... cable will fall again
  • #50,895
  • Jan 24, 2008 5:51am Jan 24, 2008 5:51am
Quoting samclider
Good Luck ..
short @ 1.9639... close @ 1.9621..
kind a scary... thank you for reminding me...
Never Give Up.....
  • #50,896
  • Jan 24, 2008 5:56am Jan 24, 2008 5:56am
Quoting lessy
short @ 1.9639... close @ 1.9621..
kind a scary... thank you for reminding me...
send me your email buddy...in private pm
  • #50,897
  • Jan 24, 2008 6:07am Jan 24, 2008 6:07am
long cable long
.
  • #50,898
  • Jan 24, 2008 6:08am Jan 24, 2008 6:08am
does anyone here monitor the DJI or S&P500 when trading the GBP USD? maybe when the equity market opens, the reaction to the unemployment gains are overwhelming..

Then GBP/USD will go skydiving without a parachute again..
  • #50,899
  • Jan 24, 2008 6:10am Jan 24, 2008 6:10am
long cable long
.
  • #50,900
  • Jan 24, 2008 6:11am Jan 24, 2008 6:11am
Quoting lessy
short @ 1.9639... close @ 1.9621..
kind a scary... thank you for reminding me...
hehehe ,,,Normaly
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