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Cable Update (GBPUSD)

  • #55,841
  • Feb 26, 2008 3:51am Feb 26, 2008 3:51am
Quoting nAVIN2007
i realised quite early on, that technicals means much more than fundamentals over the short term..do what the chart say, it is crazy thou, the market is changing to suit scalping me feels
i think its actually the opposite.
news trading is for short term
i can prove it u c wen CBI number came we saw a sharp drop for about 10 seconds and then back up.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,842
  • Feb 26, 2008 3:54am Feb 26, 2008 3:54am
Quoting salah k.
i think its actually the opposite.
news trading is for short term
i can prove it u c wen CBI number came we saw a sharp drop for about 10 seconds and then back up.
this is my problem fundamentally i know nothing i dont even understand how the forecast are used in trading..i only know what the chart tells me, or am at least trying to ....lol
  • #55,843
  • Feb 26, 2008 3:55am Feb 26, 2008 3:55am
Quoting bullrock
You are on roll ASH. I can see that..

To get serious. I would NOT go short. Not from here and not now. Cable seems strong... And BTW that is true for EU as well..
I know what you mean but seriously, I was speaking from one of life's real experiences.

EU and GU are facing some tough resistance. I wouldn't want to short them but rather looking for good entry points.
Humble Lifetime Member
  • #55,844
  • Feb 26, 2008 3:56am Feb 26, 2008 3:56am
It will be interesting to see US PPI and Core PPI, becouse now these news are definately not priced in the market.

And these news should show Consumer Confidence aproximate data.
  • #55,845
  • Feb 26, 2008 4:12am Feb 26, 2008 4:12am
Quoting nAVIN2007
this is my problem fundamentally i know nothing i dont even understand how the forecast are used in trading..i only know what the chart tells me, or am at least trying to ....lol
nAVIN, better give some attention to PPI...
it usually give a hard impact buddy...
Never Give Up.....
  • #55,846
  • Feb 26, 2008 4:19am Feb 26, 2008 4:19am
Quoting lessy
nAVIN, better give some attention to PPI...
it usually give a hard impact buddy...
i will do, thx friend
this puppy just doesnt wanna go down..
  • #55,847
  • Feb 26, 2008 4:23am Feb 26, 2008 4:23am
Quoting 4x_Trader
Hey Moe M still holding my long pos @ 1.9680 but I think I need to revised my target to 1.9730 (6 pips below Feb 14 high lies @ 1.9736) and my stop loss raise to 1.9638 (1 pip below Feb 21 high lies @ 1.9639). Let's see how it goes........


PS: Just an info and not a reco!

Done and done........collecting pips is my hobby!
  • #55,848
  • Feb 26, 2008 4:27am Feb 26, 2008 4:27am
Quoting Moe
im back in at 685
Good for you Moe a sustained break of 1.9740 may set up the 1.9780-00 area M out of the market bro made 50 pips already happy trading!
  • #55,849
  • Feb 26, 2008 4:28am Feb 26, 2008 4:28am
Quoting aimanJaslan
5:30am GBP http://www.forexfactory.com/images/m...act_medium.gif Business Investment q/q (p)
http://www.forexfactory.com/images/m...etail_star.gif -0.5%
1.0% 2.0%
7:00am GBP http://www.forexfactory.com/images/m...act_medium.gif CBI Distributive Trades Realized
http://www.forexfactory.com/images/m...dar_detail.gif -3
2 4
Greeting everyone. can anybody explain these? thou GBP comes with bad data, its still can climb up to the north. Just wonder from green newbie.
These news events are not major, so I wouldn’t worry about them to much unless one of them is heavily in focus before the announcement.

Ya no price is going on holiday from where it is and where its going, it isn’t taking its SHORTS !
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #55,850
  • Feb 26, 2008 4:41am Feb 26, 2008 4:41am
Quoting Bones
These news events are not major, so I wouldn’t worry about them to much unless one of them is heavily in focus before the announcement.

Ya no price is going on holiday from where it is and where its going, it isn’t taking its SHORTS !
I agree we dinetely moving up but im expecting a retracement at least of 50 pips...this puppy is oversoled and going to the heavens with me now on a short ....lol
  • #55,851
  • Feb 26, 2008 4:58am Feb 26, 2008 4:58am
Quoting Abuawad
Well yesterday cable hit the first target and move back to the unknown limit which make in total pips as the following:
Entry at 1.9650 to 1.9629 = +21 pips
Entry at 1.9620 to 1.9690 = +70 pips
Total +91 pips
Cable hit the 1st target with the trend direction on 1.9729 from 1.9690 = +39 pips
  • #55,852
  • Feb 26, 2008 4:59am Feb 26, 2008 4:59am
Quoting bullrock
No, I think simply the market just overreacted the bad news and then the bad news werent so bad anymore that the market has expected so the GU became oversold and actually went up. There you go. Basically with news trading you have to be carefull WHAT ARE THE EXPECTATIONS. And also how the curve looks like and of course othe 7398213921 factors! Hope this helps.
YEA........

And the Factor *&$#@.:0^!!!^^$#@!*&()_+ This would very help.
I Deeply Love My Virtual Life In Virtual World , RLC
  • #55,853
  • Feb 26, 2008 5:03am Feb 26, 2008 5:03am
Quoting Ash
I know what you mean but seriously, I was speaking from one of life's real experiences.

EU and GU are facing some tough resistance. I wouldn't want to short them but rather looking for good entry points.
How about THAT??? It broke 2 resistance levels at ONCE... Short Anyone.

Regarding your life experience. I will have a bottle in my bag from now on. At least those who want to steal my identity will not have my DNA if I do that on a wall. The good thing with walls. The wind cannot blow into your face.
.
  • #55,854
  • Feb 26, 2008 5:03am Feb 26, 2008 5:03am
Quoting bullrock
While you do this the GU just silentlly breaks every possible (imaginative or real) reistance....

LONG GU LONG!! BULL GU ROCKS
  • #55,855
  • Feb 26, 2008 5:04am Feb 26, 2008 5:04am
Have a look, simple chart with fibo. We almost finished retracement, cable should continue downwards movement.
Attached Image (click to enlarge)
Click to Enlarge Name: cable_retracement.gif Size: 12 KB
  • #55,856
  • Feb 26, 2008 5:08am Feb 26, 2008 5:08am
Quoting sDRs
Have a look, simple chart with fibo. We almost finished retracement, cable should continue downwards movement.
When the retracement has finishe.... There comes the real strong trend UP>
.
  • #55,857
  • Feb 26, 2008 5:14am Feb 26, 2008 5:14am
Quoting bullrock
How about THAT??? It broke 2 resistance levels at ONCE... Short Anyone.

Regarding your life experience. I will have a bottle in my bag from now on. At least those who want to steal my identity will not have my DNA if I do that on a wall. The good thing with walls. The wind cannot blow into your face.


Got the pm!
Humble Lifetime Member
  • #55,858
  • Feb 26, 2008 5:14am Feb 26, 2008 5:14am
Quoting sDRs
Have a look, simple chart with fibo. We almost finished retracement, cable should continue downwards movement.
agreed
  • #55,859
  • Feb 26, 2008 5:16am Feb 26, 2008 5:16am
Quoting Genics
Bullrock is the Man! He rocks!
Humble Lifetime Member
  • #55,860
  • Feb 26, 2008 5:26am Feb 26, 2008 5:26am
i wonder how many people in here are still short..?
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