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Cable Update (GBPUSD)

  • #61,601
  • Apr 15, 2008 3:36am Apr 15, 2008 3:36am
tricked ...damnit i might not get a chance to go up at all ....lol
looks like we have to wait for US data to go up now ...that should shoot it up ..
  • #61,602
  • Apr 15, 2008 3:39am Apr 15, 2008 3:39am
taking a trade now will be to risky, eur/usd is up and usd/chf is down, you go figure
If I Go Broke Trying Then I Will die happy.
  • #61,603
  • Apr 15, 2008 3:39am Apr 15, 2008 3:39am
unless the 9650 support is broken i think there is still a chance for a bull run..
  • #61,604
  • Apr 15, 2008 3:40am Apr 15, 2008 3:40am
Quoting napalc
why it hasn't dropped?
It is a tricky part guys, I think from the next hour it will get start dropping. I haven't entered into the trade because the first 10 minutes after the news is always 20-30 pips up and down....

Waiting for the good entry for Short.... I think it is hard right now because it is going into opposite direction even the news was bad...
  • #61,605
  • Apr 15, 2008 3:43am Apr 15, 2008 3:43am
Quoting Moe
taking a trade now will be to risky, eur/usd is up and usd/chf is down, you go figure
I think I totally agree with you becaue I saw this kind of situation before when Euro is up and even GBP has a bad news then still it would go up... It is a little confusing right now but I am thinking if we enter into the market over 1.97 with short then we should be good becaue all the GBP news were on red signal. I am thinking in the next 4 hours until the US opens, the trend would be down but I am little hesitant to get into the market because I always have a bad luck with short......
  • #61,606
  • Apr 15, 2008 3:48am Apr 15, 2008 3:48am
Quoting asyed4
I think I totally agree with you becaue I saw this kind of situation before when Euro is up and even GBP has a bad news then still it would go up... It is a little confusing right now but I am thinking if we enter into the market over 1.97 with short then we should be good becaue all the GBP news were on red signal. I am thinking in the next 4 hours until the US opens, the trend would be down but I am little hesitant to get into the market because I always have a bad luck with short......
im with you on that
If I Go Broke Trying Then I Will die happy.
  • #61,607
  • Apr 15, 2008 3:48am Apr 15, 2008 3:48am
Quoting asyed4
I think I totally agree with you becaue I saw this kind of situation before when Euro is up and even GBP has a bad news then still it would go up... It is a little confusing right now but I am thinking if we enter into the market over 1.97 with short then we should be good becaue all the GBP news were on red signal. I am thinking in the next 4 hours until the US opens, the trend would be down but I am little hesitant to get into the market because I always have a bad luck with short......
I think I am right because Euro is going up and up so as GBP but I think this GBP move would be fake or for a little while but in the end it has to pay the price because all the news were bad. I think I am gonna stay away for right now because even if we get with the current rate for Short, I am not sure until when it gets rally based on Euro. I always have a strong luck with UK data, I have been doing less trading for few days, I rather go back to bed instead of shooting a bullett without a target....
  • #61,608
  • Apr 15, 2008 3:49am Apr 15, 2008 3:49am
be careful guys..still going up
Trade wise !
  • #61,609
  • Apr 15, 2008 3:54am Apr 15, 2008 3:54am
Quoting nAVIN2007
tricked ...damnit i might not get a chance to go up at all ....lol
looks like we have to wait for US data to go up now ...that should shoot it up ..
yo buddy...
i still see a bear...
Never Give Up.....
  • #61,610
  • Apr 15, 2008 3:55am Apr 15, 2008 3:55am
it's a trap run for your lives, LMAO
If I Go Broke Trying Then I Will die happy.
  • #61,611
  • Apr 15, 2008 3:56am Apr 15, 2008 3:56am
Quoting Nobita
be careful guys..still going up
Now I understand the whole thing; Euro/GBP continues to push its historic push higher and that is why the bad news didn't impact anything on GBP/USD because it is following GBP cross... Mr. Traders I had exactly this trade in the past and I think for couple of hours it would go down. I think I made on that trade but in 3-4 hours.
  • #61,612
  • Apr 15, 2008 3:57am Apr 15, 2008 3:57am
Quoting asyed4
I think I totally agree with you becaue I saw this kind of situation before when Euro is up and even GBP has a bad news then still it would go up... It is a little confusing right now but I am thinking if we enter into the market over 1.97 with short then we should be good becaue all the GBP news were on red signal. I am thinking in the next 4 hours until the US opens, the trend would be down but I am little hesitant to get into the market because I always have a bad luck with short......
plan yur trade and excute.....no such thing as superstition
  • #61,613
  • Apr 15, 2008 3:59am Apr 15, 2008 3:59am
Quoting lessy
yo buddy...
i still see a bear...

wellcome back buddy ...
  • #61,614
  • Apr 15, 2008 4:02am Apr 15, 2008 4:02am
got out of short at 9700 for +90

now long 9699
  • #61,615
  • Apr 15, 2008 4:02am Apr 15, 2008 4:02am
hmm... GBP pretty much status quo to bad, EUR bad. Let's see what US has to offer...
Trade the reaction, not the news!
  • #61,616
  • Apr 15, 2008 4:06am Apr 15, 2008 4:06am
Quoting twofeet
hmm... GBP pretty much status quo to bad, EUR bad. Let's see what US has to offer...
if we cross 1.9646 then i think going up will be very hard ..and not possible for me to trade a long and we will be so bearish
  • #61,617
  • Apr 15, 2008 4:07am Apr 15, 2008 4:07am
Quoting nAVIN2007
plan yur trade and excute.....no such thing as superstition
OK. MY Lord !!!!!!!!!
  • #61,618
  • Apr 15, 2008 4:09am Apr 15, 2008 4:09am
Quoting nAVIN2007
wellcome back buddy ...
Thanx buddy...
Never Give Up.....
  • #61,619
  • Apr 15, 2008 4:20am Apr 15, 2008 4:20am
Quoting asyed4
OK. MY Lord !!!!!!!!!
sorry bro ...i promise im really not trying to preach to u ..i read Disciplined Trader and it were saying just this about superstition..whatever u think, u focus on u make it become a reality. I do things that are wrong all the time but i always mention like a open book because at least from my mistake somebody can gain ..

if u want i can send u the pdf...it will help u realse where u can become stronger, the fight really begins and ends in the mind...
  • #61,620
  • Apr 15, 2008 4:23am Apr 15, 2008 4:23am
Quoting nAVIN2007
if we cross 1.9646 then i think going up will be very hard ..and not possible for me to trade a long and we will be so bearish
To be honest, I am so @#$$-ing relieved the price dropped back to 1.9660 levels. The last 2 days have been living hell for me holding onto a bad entry - short @ 1.9680 last Friday. When the price shot up to almost 1.9900 because of bluddy Wachoiv bank, or whatever the #@$# its called, I almost pissed on my pants. Thank God for trendlines.

Now closed it for 0 pips. So damned relieved I tell you. No more impulse trades...

IMHO, I think GBP/USD is a really shit pair to trade right now, both UK and US on a bad roll, causing the volatility and ranging. GBP/JPY is much riskier, but at least it's not behaving like a freak in terms of direction.
Trade the reaction, not the news!
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