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Cable Update (GBPUSD)

  • #54,781
  • Feb 19, 2008 11:11am Feb 19, 2008 11:11am
Quoting allserene
Yes just like the good old days when it just rose every week - well why not.
I can't wait to see it start and I reckon I will trade longer periods as they pay much better
How about my 2.5 seconds trades for 0.8+spread pips?
.
  • #54,782
  • Feb 19, 2008 11:12am Feb 19, 2008 11:12am
hi all

anyone have prediction about this

GBPhttp://www.forexfactory.com/images/m...mpact_high.gifMPC Meeting Minutes
http://www.forexfactory.com/images/m...etail_star.gif
9-0 cut8-1 hld
  • #54,783
  • Feb 19, 2008 11:12am Feb 19, 2008 11:12am
Quoting bullrock
How about my 2.5 seconds trades for 0.8+spread pips?
I have 2 like that today and 3 dozen scalpers.
.
  • #54,784
  • Feb 19, 2008 11:27am Feb 19, 2008 11:27am
its been 6 hours with the same range. how much patience can one have
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,785
  • Feb 19, 2008 11:30am Feb 19, 2008 11:30am
Quoting salah k.
its been 6 hours with the same range. how much patience can one have
Its been in the same range for the last 32 odd hours!
Something big gonna happen
  • #54,786
  • Feb 19, 2008 11:32am Feb 19, 2008 11:32am
people placing trades right now ...in these conditions are definetely over trading and for sure gonna lose
  • #54,787
  • Feb 19, 2008 11:34am Feb 19, 2008 11:34am
Quoting nAVIN2007
people placing trades right now ...in these conditions are definetely over trading and for sure gonna lose
I do not agree but never mind...
.
  • #54,788
  • Feb 19, 2008 11:36am Feb 19, 2008 11:36am
I've been reading this thread for the past few days, but I didn't try to trade this pair during that time. It was too unstable in my opinion and I don't see the point in making any significant trades with such unpredictable behaviour and everyone having opposite opinions. Anyway, today it presented some nice range trading, I blew one stop limmit but earned more than twice that on another trade and now short waiting for it to go down again to at least 948 but I'll have a tight trailing stop on. In general, I too think it's going down now (at least 1.94..) but I wouldn't put my money on any big moves for now, even if it's vurtual..
On the path to Enrichment.
  • #54,789
  • Feb 19, 2008 11:38am Feb 19, 2008 11:38am
Price been rejected at 9500 for the past 6 hrs now
  • #54,790
  • Feb 19, 2008 11:46am Feb 19, 2008 11:46am
euro is moving downwards!!!!!
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,791
  • Feb 19, 2008 11:48am Feb 19, 2008 11:48am
sorry false alarm
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,792
  • Feb 19, 2008 11:48am Feb 19, 2008 11:48am
i got a feeling this ranging is just to relieve the overbought on the 4hr stot then possible tomorrow...bullish action
on the monthly chart we are right at the 38.2 fib and the previous candle suggest this month should end bullish seeing hopefully 1.99
just a theory...any1 agree with this?
  • #54,793
  • Feb 19, 2008 11:49am Feb 19, 2008 11:49am
Quoting nAVIN2007
people placing trades right now ...in these conditions are definetely over trading and for sure gonna lose
if they don't have no clue what the market is doing, then i agree, these conditions are horrible.
If I Go Broke Trying Then I Will die happy.
  • #54,794
  • Feb 19, 2008 11:50am Feb 19, 2008 11:50am
Cable is in major support zone.... expecting to go up
  • #54,795
  • Feb 19, 2008 11:54am Feb 19, 2008 11:54am
Quoting Moe
if they don't have no clue what the market is doing, then i agree, these conditions are horrible.
You've had it go up and down quite a few times. That's not neccessarily horrible for scalping.. 40-50 pips swings is a very nice range.. sure you can blow some tight stops but if you're online and controlling it I think it's a good opportunity to make some money. But, it's probably not going to last much longer in my opinion, probably going to jump soon (I'd bet down but won't try to trade it - unless it's on my current short at 9505 and doesn't blow the tight trailing stop.
On the path to Enrichment.
  • #54,796
  • Feb 19, 2008 12:00pm Feb 19, 2008 12:00pm
Quoting Jurrasic
You've had it go up and down quite a few times. That's not neccessarily horrible for scalping.. 40-50 pips swings is a very nice range.. sure you can blow some tight stops but if you're online and controlling it I think it's a good opportunity to make some money. But, it's probably not going to last much longer in my opinion, probably going to jump soon (I'd bet down but won't try to trade it - unless it's on my current short at 9505 and doesn't blow the tight trailing stop.
i have no love for scalping, im a swing / position trader that shoot for 100+ pips per trade, scalp away bro.
If I Go Broke Trying Then I Will die happy.
  • #54,797
  • Feb 19, 2008 12:01pm Feb 19, 2008 12:01pm
Quoting Jurrasic
You've had it go up and down quite a few times. That's not neccessarily horrible for scalping.. 40-50 pips swings is a very nice range.. sure you can blow some tight stops but if you're online and controlling it I think it's a good opportunity to make some money. But, it's probably not going to last much longer in my opinion, probably going to jump soon (I'd bet down but won't try to trade it - unless it's on my current short at 9505 and doesn't blow the tight trailing stop.
That is what i have done whole day. 1.9475 long 1.9520 short.... See ya tomoro....
.
  • #54,798
  • Feb 19, 2008 12:02pm Feb 19, 2008 12:02pm
Quoting bullrock
That is what i have done whole day. 1.9475 long 1.9520 short.... See ya tomoro....
NICE
On the path to Enrichment.
  • #54,799
  • Feb 19, 2008 12:16pm Feb 19, 2008 12:16pm
Quoting nAVIN2007
i got a feeling this ranging is just to relieve the overbought on the 4hr stot then possible tomorrow...bullish action
on the monthly chart we are right at the 38.2 fib and the previous candle suggest this month should end bullish seeing hopefully 1.99
just a theory...any1 agree with this?
i have to diagree monthly is too wide a of a time frame to say its bullish on that account.
but thats just me (new guy) so help me understand ur point of view(technically)
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,800
  • Feb 19, 2008 12:32pm Feb 19, 2008 12:32pm
Quoting salah k.
i have to diagree monthly is too wide a of a time frame to say its bullish on that account.
but thats just me (new guy) so help me understand ur point of view(technically)
I realise its a monthly and it a long time frame but we are also approaching towards middle of month and its one of things i want to see where we end up cause that candle formation suggests a bullish action
we will probably go down a little further and possible to bounce back up, ofcourse we need confirmation of this.

right now im short as we broke through the fib level
tp 1.9475
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