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Cable Update (GBPUSD)

  • #52,761
  • Feb 8, 2008 1:45am Feb 8, 2008 1:45am
Today with there NEWs : 12:00pm CADEmployment Change 10K-18.7K
12:00pm CADUnemployment Rate 6.0%5.9%
Its importand for Cable too becos CAD and GBP is mirror ,
i want say that we drop 60...100...more pipses Down with these NEWs with Cable and USDCAD shooting UP 30...60.... more pipses!
  • #52,762
  • Feb 8, 2008 1:46am Feb 8, 2008 1:46am
Quoting TradeHound
Jacobtrader please let us know when to pull the trigger on the short, many thanks...

Good to see you all...
Its best to short at current levels 1.9480 - 1.95
I have my own money management rules if something reverses.. so please apply your own money management rules in every trade..
Dont just imagine every trade will work.. but by keeping a strict money management rule, you can succeed..

At the moment GBP/USD is still bearish.. if there was any signs of BULLISHNESS, you would have seen it go pass by 1.9520 already..
  • #52,763
  • Feb 8, 2008 1:47am Feb 8, 2008 1:47am
Those of you going short on this pair are really playing with fire... I won't go into it, but this guys analysis is fairly spot on.

We've basically completed the b-wave in the correction flat.

http://www.dailyfx.com/export/sites/...7-08techs6.gif
  • #52,764
  • Feb 8, 2008 1:48am Feb 8, 2008 1:48am
Quoting FXdaily
Today with there NEWs : 12:00pm CAD Employment Change 10K -18.7K
12:00pm CAD Unemployment Rate 6.0% 5.9%
Its importand for Cable too becos CAD and GBP is mirror ,
i want say that we drop 60...100...more pipses Down with these NEWs with Cable and USDCAD shooting UP 30...60.... more pipses!
I am not seeing 100 PIPS.. i am seeing atleast 150-200 PIPS again today. a big down fall..
  • #52,765
  • Feb 8, 2008 1:50am Feb 8, 2008 1:50am
Quoting BDtrading
Those of you going short on this pair are really playing with fire... I won't go into it, but this guys analysis is fairly spot on.

We've basically completed the b-wave in the correction flat.
Tell that Guy from all of . Best of luck
  • #52,766
  • Feb 8, 2008 1:50am Feb 8, 2008 1:50am
GU will fly to the sky, taking along GJ with it
Trade what you see, not what you think.
  • #52,767
  • Feb 8, 2008 1:51am Feb 8, 2008 1:51am
Quoting jacobtrader
GBP/USD will fall again today.. just a little correction is been done.. and its good to sell at at 1.95 levels..
I think cable will test 1.9525 then fall from that point to 1.9450 & 1.9400
  • #52,768
  • Feb 8, 2008 1:53am Feb 8, 2008 1:53am
TraderJr,
I funded my account with a starting ballance of $2,000.00 so not a huge loss... I am getting used to live trading as it much different than using a DEMO, no pressure or emotions as you know it is a DEMO, lol...

If I loose it I will put another $2,000.00 and start over until I can trade without feeling like I just did something and now I am in trouble... I applaude everyone on this site, we are the real deal... I agree with the comments from Guru, you have to trade real money to get used to trading real money but only when the time is right and that veries for each of us...

May the pips we with us all...
  • #52,769
  • Feb 8, 2008 1:55am Feb 8, 2008 1:55am
Quoting Abuawad
I think cable will test 1.9525 then fall from that point to 1.9450 & 1.9400
There is a good Resistance at 1.9507 levels.
  • #52,770
  • Feb 8, 2008 1:56am Feb 8, 2008 1:56am
Quoting Abuawad
I'm from 1.9437
Quoting sDRs
i took profit @ 1.9458, who are you?
Quoting Abuawad
Still holding
Close the long at 1.9504 with +67 pip. Let’s see what will happen now.
  • #52,771
  • Feb 8, 2008 1:57am Feb 8, 2008 1:57am
Quoting jacobtrader
I am not seeing 100 PIPS.. i am seeing atleast 150-200 PIPS again today. a big down fall..
  • #52,772
  • Feb 8, 2008 1:57am Feb 8, 2008 1:57am
Those who panic.. Will be out of the game
  • #52,773
  • Feb 8, 2008 1:58am Feb 8, 2008 1:58am
Quoting jacobtrader
There is a good Resistance at 1.9507 levels.
Acutely its 1.9508
Attached Image (click to enlarge)
Click to Enlarge Name: gbp21012008.gif Size: 51 KB
  • #52,774
  • Feb 8, 2008 2:09am Feb 8, 2008 2:09am
I am looking for a dip towards 1.9330 and then to 1.92 levels.. then GBP/USD will relax.. until then its no worth to go BULLISH..
Lots of fundamental supporting USD at the moment.. until the next FED meeting expect GBP/USD to go down
  • #52,775
  • Feb 8, 2008 2:10am Feb 8, 2008 2:10am
GBP/USD has done its retracement.. its time to fall now
  • #52,776
  • Feb 8, 2008 2:11am Feb 8, 2008 2:11am
Quoting jacobtrader
I am looking for a dip towards 1.9330 and then to 1.92 levels.. then GBP/USD will relax.. until then its no worth to go BULLISH..
Lots of fundamental supporting USD at the moment.. until the next FED meeting expect GBP/USD to go down
My look is all next week more down then turn much UP must start 18 february that uptrend.
  • #52,777
  • Feb 8, 2008 2:18am Feb 8, 2008 2:18am
Quoting FXdaily
My look is all next week more down then turn much UP must start 18 february that uptrend.
I Agree with you there..
  • #52,778
  • Feb 8, 2008 2:26am Feb 8, 2008 2:26am
Quoting jacobtrader
GBP/USD has done its retracement.. its time to fall now

Looks like you were right about AUD as well . How much are you expecting G/U to fall today...9350?
  • #52,779
  • Feb 8, 2008 2:31am Feb 8, 2008 2:31am
Quoting shajib
Looks like you were right about AUD as well . How much are you expecting G/U to fall today...9350?

If you all guys want to learn.. then PM me.. you help me , i help you.. We all win
  • #52,780
  • Feb 8, 2008 2:35am Feb 8, 2008 2:35am
I am looking for atleast 100-150 PIPS down from current levels..
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