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Cable Update (GBPUSD)

  • #61,481
  • Apr 14, 2008 12:16am Apr 14, 2008 12:16am
Quoting ak47dan2004
I want to see how high it goes and try to short close to the top. What about you.
I want to give you my 2 cents, If you are available at 3:30 am central time then look up the PPI input news (Red UK) and the expection would be on green side. So my expection is after 3:30 am the rate could go up for at least 1.9770 for few hours until the US news would come at 7:30 am central time and you can easily enter into the long position for few hours. Then US news could take the pair back toward 1.9680 or so.

Thanks,
  • #61,482
  • Apr 14, 2008 12:17am Apr 14, 2008 12:17am
I was talking about the GBP/USD but you sure are right about U/C I am seeing north big time.
  • #61,483
  • Apr 14, 2008 12:20am Apr 14, 2008 12:20am
Quoting ak47dan2004
I was talking about the GBP/USD but you sure are right about U/C I am seeing north big time.
that was my confusion too, there is no short in sight for Uc even for me who trades the daily...
I believe . . .
  • #61,484
  • Apr 14, 2008 12:26am Apr 14, 2008 12:26am
Quoting asyed4
I want to give you my 2 cents, If you are available at 3:30 am central time then look up the PPI input news (Red UK) and the expection would be on green side. So my expection is after 3:30 am the rate could go up for at least 1.9770 for few hours until the US news would come at 7:30 am central time and you can easily enter into the long position for few hours. Then US news could take the pair back toward 1.9680 or so.

Thanks,
What makes you think the U.S. is going to have a rebound in retail sales?
  • #61,485
  • Apr 14, 2008 1:19am Apr 14, 2008 1:19am
And up we go this is what I was waiting for now all we need is London to buy buy buy.
  • #61,486
  • Edited 1:49am Apr 14, 2008 1:34am | Edited 1:49am
Quoting johnbaem
we are on the same boat bro... bdw, my MM said for me to wait until the GU start to move down for short position..
thats what im thinking to my weekly suggest we could go as high as 1.9852
im looking 1.9890 ..to sell ....hopefully it will get there ..
  • #61,487
  • Apr 14, 2008 2:02am Apr 14, 2008 2:02am
Quoting tomaz55
i have a buy order at 9600 for a 70/100 pip retracement

IF it reaches 9720 before, I will sell (have another sell order there) for 9600

either way, 9600 seems logical in the short term..
short filled 9720 tp 9600
  • #61,488
  • Apr 14, 2008 2:07am Apr 14, 2008 2:07am
Quoting tomaz55
short filled 9720 tp 9600
Tomaz, many people here are waiting for you to show the analysis that results in your trades. Good luck!
  • #61,489
  • Apr 14, 2008 2:20am Apr 14, 2008 2:20am
Quoting tomaz55
short filled 9720 tp 9600
trendline is rising, also engulfing pattern at r2..
Attached Image (click to enlarge)
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  • #61,490
  • Apr 14, 2008 3:13am Apr 14, 2008 3:13am
Quoting mike w
Talk about a giggity giggity gap! On the weekly charts, my 5 sma is resting at 1.98 so I would expect a move back to there before heading lower still. 1.95 is the first target. I really expect this gap to be filled fairly quickly this week and once we reach the 1.98 area or even close again, I plan on adding a much larger short position to the mix.
Mike,
How is your 5 sma set up?
Do you use it on the daily?
Any other helpful info on how the 5 sma helps you would be great.

Thanks,
Rob
  • #61,491
  • Apr 14, 2008 3:25am Apr 14, 2008 3:25am
who shot after news ppi
Grasp all lose all
  • #61,492
  • Apr 14, 2008 3:49am Apr 14, 2008 3:49am
hi

1.9773 is not reaching till now ... so i'm worry from long .... any forecast about us news
  • #61,493
  • Apr 14, 2008 3:59am Apr 14, 2008 3:59am
Quoting deboooo2005
hi

1.9773 is not reaching till now ... so i'm worry from long .... any forecast about us news
I am short with 1.9737 and I think US News expections would be on the green side...
  • #61,494
  • Apr 14, 2008 4:01am Apr 14, 2008 4:01am
the close of the next hour should give an indication for the day's direction... pin bar on the hourly; i think going short today maybe early but nonetheless tempting; still an important support needs to be broken - 9650
  • #61,495
  • Apr 14, 2008 4:02am Apr 14, 2008 4:02am
If im planning to short, ill wait after US news release than on that time i know wheres the suppose direction.. since i still think cable is capable to pick up..
  • #61,496
  • Apr 14, 2008 4:07am Apr 14, 2008 4:07am
Quoting johnbaem
If im planning to short, ill wait after US news release than on that time i know wheres the suppose direction.. since i still think cable is capable to pick up..
I think you are on the right direction.. I am out with +15 pips with Short in FXCM and I will go back to bed and come back at 7:30 am Central time for US news....

Al-Syed
Time is Money and
Money has no frontier!!!
  • #61,497
  • Apr 14, 2008 4:10am Apr 14, 2008 4:10am
Quoting airjiro
hi, can u give me the link for jacko system
http://www.forexfactory.com/showthread.php?t=27286
  • #61,498
  • Apr 14, 2008 4:31am Apr 14, 2008 4:31am
Quoting Teefoo
who shot after news ppi
You should ask ak47dan2004, he's into shooting

Or take a little more care with your post and spell correctly
Attached Image
Darkness lies one inch ahead..
  • #61,499
  • Apr 14, 2008 4:50am Apr 14, 2008 4:50am
Quoting TraderJR
You should ask ak47dan2004, he's into shooting

Or take a little more care with your post and spell correctly
but I m shooting the 40pip when I short at 1,9750
Grasp all lose all
  • #61,500
  • Apr 14, 2008 5:25am Apr 14, 2008 5:25am
I prefer to eat my pips as opposed to shoot them!
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