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Cable Update (GBPUSD)

  • #60,241
  • Apr 2, 2008 11:41am Apr 2, 2008 11:41am
Can someone please tell me if the cable is going to go down, because i am new in this trading. I have pressed sell at 19870 or should i close it with loss?

tnx,mojcaa
  • #60,242
  • Apr 2, 2008 11:52am Apr 2, 2008 11:52am
Quoting mojcaa
Can someone please tell me if the cable is going to go down, because i am new in this trading. I have pressed sell at 19870 or should i close it with loss?

tnx,mojcaa
Do you mean 19780?
  • #60,243
  • Apr 2, 2008 11:55am Apr 2, 2008 11:55am
upss yes 19780
  • #60,244
  • Apr 2, 2008 11:59am Apr 2, 2008 11:59am
Shorted literally the bottom I see there, moving over the 62ema line errrr could get ugly be warned.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,245
  • Apr 2, 2008 12:10pm Apr 2, 2008 12:10pm
Quoting Turveyd
Shorted literally the bottom I see there, moving over the 62ema line errrr could get ugly be warned.
very strong move for the market against dollar.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #60,246
  • Apr 2, 2008 12:14pm Apr 2, 2008 12:14pm
Quoting fx local
seems like cable slowly gringing its way to yesterdays highs perhaps 53 then 75s, try a small short there
finally got up there, grinded all day then breaks after london close!! small short in at 75s target 19730
Trading is 80% Emotional, 20% Technical
  • #60,247
  • Apr 2, 2008 12:25pm Apr 2, 2008 12:25pm
Quoting fx local
finally got up there, grinded all day then breaks after london close!! small short in at 75s target 19730
man is it just me or did bernanke seem like he was gonna cry today
his voice is always shivering as if he has done really bad things!!!!

hmmmmmmmm could it be.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #60,248
  • Apr 2, 2008 12:27pm Apr 2, 2008 12:27pm
that Kennedy had bernanke rushing for air!!!
Trading is 80% Emotional, 20% Technical
  • #60,249
  • Apr 2, 2008 12:32pm Apr 2, 2008 12:32pm
Quoting fx local
that Kennedy had bernanke rushing for air!!!



i think we can take it for granted that wenever benny talks dollar falls
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #60,250
  • Apr 2, 2008 12:44pm Apr 2, 2008 12:44pm
Yeah, what a dork.....Now its time to see 190 in the next few weeks. months




quote=salah k.;1933891]


i think we can take it for granted that wenever benny talks dollar falls[/quote]
  • #60,251
  • Apr 2, 2008 12:56pm Apr 2, 2008 12:56pm
Quoting alsup1955
Yeah, what a dork.....Now its time to see 190 in the next few weeks. months
i would like to see that scenario
but it all depends on the BOE meeting next week.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #60,252
  • Edited 1:12pm Apr 2, 2008 12:57pm | Edited 1:12pm
Daily plan by Master Abuawad always , but I miss the boat !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #60,253
  • Apr 2, 2008 1:07pm Apr 2, 2008 1:07pm
any close above 1.9921 is good sign for continue go up
  • #60,254
  • Apr 2, 2008 1:14pm Apr 2, 2008 1:14pm
Yeah, I think after all the dust settles, and all the intervention from the fed and such, its only a matter of time before we see the dollar stength come back into play....The NFP will determine the direction in the near term, but it will fall later............weekly support if it can punch thru....


Quoting salah k.
i would like to see that scenario
but it all depends on the BOE meeting next week.
  • #60,255
  • Apr 2, 2008 1:25pm Apr 2, 2008 1:25pm
Quoting fx local
finally got up there, grinded all day then breaks after london close!! small short in at 75s target 19730
Have established short positions in three lots from 9870 to 9885 SL just above 9940 ( above yesterday's H) target 9740. Will reestablish short position if it goes below 9720.
Make sure losses are small and profits are bigger!
  • #60,256
  • Apr 2, 2008 1:48pm Apr 2, 2008 1:48pm
Quoting 2be
Have established short positions in three lots from 9870 to 9885 SL just above 9940 ( above yesterday's H) target 9740. Will reestablish short position if it goes below 9720.
ur plan is technically sound
but i dont think the markets reaction to dollar weakness is done
thats wat might push cable further up

however we do have numbers for both cable and dollar which i think will trigger another selloff for cable.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #60,257
  • Apr 2, 2008 2:28pm Apr 2, 2008 2:28pm
unconcerned what the market is doing! i cant control that, all i care about is what im going to do when it gets there... if it rallies and i get stopped out then fine no big deal, losses occupational hazard im afraid, just simply move on to next trade with the next edge
Trading is 80% Emotional, 20% Technical
  • #60,258
  • Apr 2, 2008 2:38pm Apr 2, 2008 2:38pm
Quoting salah k.
ur plan is technically sound
but i dont think the markets reaction to dollar weakness is done
thats wat might push cable further up

however we do have numbers for both cable and dollar which i think will trigger another selloff for cable.
Lately GBP/USD has been affected by the strength of EUR and Swissy does not seem to support either the cable atm. I get the sense of direction from daily charts, monitor it on4hr and execute trades on 15 min. I also calculate Delta points with EW and fibs using EOD data. THat helps me togain a sense of direction.
Make sure losses are small and profits are bigger!
  • #60,259
  • Apr 2, 2008 2:38pm Apr 2, 2008 2:38pm
Abuawads trading call long 1.9770 to 1.9892 was absolutely spot on, shows that the opportunites for 100s of pips are there to take, just the case if u are man enough to do it!!

SUPERB ANAYLSIS MY FRIEND!!
Trading is 80% Emotional, 20% Technical
  • #60,260
  • Apr 2, 2008 3:30pm Apr 2, 2008 3:30pm
Quote
i think we can take it for granted that wenever benny talks dollar falls
Hahahaha... I'm glad I'm not the only one thinking that. "Jeeze ben, just shut up!"

It's not just a predictive indicator... no, it's the BENdicator.

Anyway, pretty predictable bounce off the support level. 1.98 has been hard to breach. Looks like we're going to whip around the 365 SMA for a bit.
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