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Cable Update (GBPUSD)

  • #63,141
  • Apr 28, 2008 11:20am Apr 28, 2008 11:20am
wow german CPI was really low
and Trichet keeps saying inflation this inflation that.

he is gonna put euro zone in a lot of trouble.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #63,142
  • Apr 28, 2008 11:22am Apr 28, 2008 11:22am
Quoting Carrera
Hello everyone,

Here is what I'm looking here.
Carrera ...Beautiful charts. They paint the picture well. Thanks for sharing them.

FXLocal mentioned the Bank Dividend Payment that was pushing cable up. I heard the same on Trade The News. Despite being over-bought since trading began today, we've just seen repeat visits to that upper trend line.

I believe it's destined to go down but I'll now wait until tomorrow's European session before getting involved.

Rob
  • #63,143
  • Apr 28, 2008 11:34am Apr 28, 2008 11:34am
Quoting priceaction
Carrera ...Beautiful charts. They paint the picture well. Thanks for sharing them.


Rob
Thanks
  • #63,144
  • Apr 28, 2008 11:53am Apr 28, 2008 11:53am
Hit my long targets today .....Good day...
I will post my trading for tonight...
  • #63,145
  • Apr 28, 2008 11:56am Apr 28, 2008 11:56am
Cool Jets look forward to it.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,146
  • Apr 28, 2008 11:58am Apr 28, 2008 11:58am
Quoting Bones
Cool Jets look forward to it.

Np today i will post my trade before i take it ...last night i gave the short and hit to the pip....than price bounce of my support fibbs and i took a long entrie to my intrday fibbs...
  • #63,147
  • Apr 28, 2008 12:01pm Apr 28, 2008 12:01pm
Nah its all right buddy ive averaging up not down and am out mo.

Quoting Turveyd
Bones, your scaling in on the long side ???

If so looks ALOT high risk for my likings let alone the sort of $$$'s your risking.

Weak downtrend here expecting 1.9870 to be tested soon ( 12hour sma )
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,148
  • Apr 28, 2008 12:09pm Apr 28, 2008 12:09pm
So short side or just flat ???

Makes more sense ( well abit ) to be shorting near 2.0000, 2.0025 being the high of the range and all.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #63,149
  • Apr 28, 2008 12:15pm Apr 28, 2008 12:15pm
Well I close my short...got 30 pips. I need to do 6 more of these trades to be back on track...

Jus on the sidelines now.
  • #63,150
  • Apr 28, 2008 12:24pm Apr 28, 2008 12:24pm
No what I mean is I started to buy in at S1 and as priced raced off just kept adding ,I mean I closed them at about half way ,then re entered and kept adding for 9950 then im out.

I think they call it averaging up? ya know once in profit add to it at next junction break.




Quoting Turveyd
So short side or just flat ???

Makes more sense ( well abit ) to be shorting near 2.0000, 2.0025 being the high of the range and all.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,151
  • Apr 28, 2008 12:27pm Apr 28, 2008 12:27pm
Yep thats averaging up or just buying more positions, profit then sweet.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #63,152
  • Apr 28, 2008 12:27pm Apr 28, 2008 12:27pm
Quoting Doose
Well I close my short...got 30 pips. I need to do 6 more of these trades to be back on track...

Jus on the sidelines now.
Nice one mate, keep at it.
  • #63,153
  • Apr 28, 2008 12:29pm Apr 28, 2008 12:29pm
Quoting Bones
Man if there was id be speaking to my shareholders after last month,lol

and youd need to be depositing!
Lol! Funny shit.
  • #63,154
  • Apr 28, 2008 12:30pm Apr 28, 2008 12:30pm
Perfect trendline bounce it was.
Attached Image (click to enlarge)
Click to Enlarge Name: trend_cable.gif Size: 22 KB
  • #63,155
  • Apr 28, 2008 12:35pm Apr 28, 2008 12:35pm
Yes I had a good day ive been on pin watch on all TF,s and close to my PC.



Quoting Turveyd
Yep thats averaging up or just buying more positions, profit then sweet.
Attached Image (click to enlarge)
Click to Enlarge Name: 55555555.gif Size: 38 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,156
  • Apr 28, 2008 12:47pm Apr 28, 2008 12:47pm
Quoting Bones
Yes I had a good day ive been on pin watch on all TF,s and close to my PC.
With so much invested why work Bones ?? surely on a good day your making your years wages in 1 day at your level of lots.


Nice work by the way, that initial break down you went long on as been following through recently.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #63,157
  • Apr 28, 2008 12:49pm Apr 28, 2008 12:49pm
Theres my orginal buys.


Quoting Bones
Looks like its decided
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,158
  • Apr 28, 2008 12:53pm Apr 28, 2008 12:53pm
Ive had a good day,and I often dont Turv.


Quoting Turveyd
With so much invested why work Bones ?? surely on a good day your making your years wages in 1 day at your level of lots.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,159
  • Apr 28, 2008 1:03pm Apr 28, 2008 1:03pm
Quoting Bones
Ive had a good day,and I often dont Turv.
Do you think you'd have more good days though if you gave up the job ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #63,160
  • Apr 28, 2008 1:45pm Apr 28, 2008 1:45pm
Quoting Bones
Yes I had a good day ive been on pin watch on all TF,s and close to my PC.
Tone,

Good work mate.
And thanks for sharing your detailed analysis.

That flag was hoisted well in the end!

Rob
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