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Cable Update (GBPUSD)

  • #63,261
  • Apr 29, 2008 1:50pm Apr 29, 2008 1:50pm
Quoting deboooo2005
anyway i long @ 1.9675 and my SL +5 letus watch what will happen

Sl hit but 5 pips profit
  • #63,262
  • Apr 29, 2008 1:51pm Apr 29, 2008 1:51pm
navin i went short at my long entry 1.9880, system told me things was about to change
If I Go Broke Trying Then I Will die happy.
  • #63,263
  • Apr 29, 2008 1:58pm Apr 29, 2008 1:58pm
Quoting Moe
navin i went short at my long entry 1.9880, system told me things was about to change
i just went long this bloody thing better go up...i did say yesterday that the evening star might cause problems for the long ...i just wish i went short i missed the whole move....

im long at 1.9689

glad u went short thou ....was a good ride
  • #63,264
  • Apr 29, 2008 2:03pm Apr 29, 2008 2:03pm
1.9886
1.9809
1.9745
1.9680
All long.... stress. it had better move up
  • #63,265
  • Apr 29, 2008 2:09pm Apr 29, 2008 2:09pm
up till today i have been confused about where the hell this thing is going, everytime i say something i end up doing the opposite...now im long in a downtrend and man i hope this will be a bounce....lol

the daily range is exceeded..what the hell is happening with cable, its breaking all the rules....
  • #63,266
  • Apr 29, 2008 2:18pm Apr 29, 2008 2:18pm
Quoting Moe
navin i went short at my long entry 1.9880, system told me things was about to change
Nice entry. I'm close to you too.
  • #63,267
  • Apr 29, 2008 2:20pm Apr 29, 2008 2:20pm
I'm long too with 1,9682.

What do you think about "Consumer Confidence" in UK?
  • #63,268
  • Apr 29, 2008 2:23pm Apr 29, 2008 2:23pm
Quoting nAVIN2007
up till today i have been confused about where the hell this thing is going, everytime i say something i end up doing the opposite...now im long in a downtrend and man i hope this will be a bounce....lol

the daily range is exceeded..what the hell is happening with cable, its breaking all the rules....
Well my system says go long near the bottom of the monthly range and that's what i did... we'll see tomorrow... carrying a unrealized loss of +-4%
  • #63,269
  • Apr 29, 2008 2:24pm Apr 29, 2008 2:24pm
we going down beacause of EUR droping..i cant see us goiing to 1.94...and going down on monthly would be rediculous..it failed twice already.i got my fingers crossed this goes up cause im going to hold position 300 pip against me if i have to

entered with 0.1 and this way i dont get so emotional ...hopefully it works
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  • #63,270
  • Apr 29, 2008 2:28pm Apr 29, 2008 2:28pm
Quoting nAVIN2007
entered with 0.1 and this way i dont get so emotional ...hopefully it works
At least you have your leverage sorted out..... Less stress
  • #63,271
  • Apr 29, 2008 2:29pm Apr 29, 2008 2:29pm
18:56 GMT April 29 Cable opened in New York trading 1.9745 following a well
offered overnight session on the back of another round of disappointing UK data.
Some profit taking was seen initially driving the price up to the session highs
by 1.9770 but offers once again managed to easily absorb with the better than
expected US consumer confidence helping to accelerate setbacks to the 1.9700
handle. Consolidation ensued into the afternoon ahead of the BoE Blanchflower
speech which once again managed to trigger a fresh round of selling through
stops below 1.9675 on even more dovish than expected comments from the ultra-
dovish MPC member who warned of deeper and more significant setbacks in the
housing market should more aggressive rate cutting action not be taken.
Nationwide"s April UK house price survey will be published at 06:00GMT
tomorrow. This is expected to reveal that UK house prices have fallen by another
0.5% this month, to follow a 0.6% drop in March. April"s GfK UK consumer
confidence barometer is due for release at 09:30GMT tomorrow as well. This is
forecast to deteriorate to minus 20, from a 15-year low of minus 19 in March. JK
  • #63,272
  • Apr 29, 2008 2:31pm Apr 29, 2008 2:31pm
Hope in Japanese, Chinese and all Asian Traders
  • #63,273
  • Apr 29, 2008 2:32pm Apr 29, 2008 2:32pm
Pitty I missed the move lastnight ,Nav if I had kept my short from yesterday I wud be 260pips happier...

Instead I'm doing Janitor work scraping the bottom of whats left in this downtrend. to get some lousy pips...anyway tonite I wont be sleeping I will be awake....

A move will come tonight.....I wont say which side cuz I dont know. But I'll wait for confirmation.
  • #63,274
  • Apr 29, 2008 2:33pm Apr 29, 2008 2:33pm
Quoting DJ4x
At least you have your leverage sorted out..... Less stress
keep it small and u have more change of holding the position....definately less stressfull...and if it goes against me...the loss is actually less...

bro try your best not to place counter trend trades..and if u do ....definately keep it small, i know easier said than done not never a good idea...good luck buddy ..

picking a bottom is very difficult to do ....and always results in a guess i find
  • #63,275
  • Apr 29, 2008 2:37pm Apr 29, 2008 2:37pm
Quoting Doose
Pitty I missed the move lastnight ,Nav if I had kept my short from yesterday I wud be 260pips happier...

Instead I'm doing Janitor work scraping the bottom of whats left in this downtrend. to get some lousy pips...anyway tonite I wont be sleeping I will be awake....

A move will come tonight.....I wont say which side cuz I dont know. But I'll wait for confirmation.
dont worry bro ...the main thing is u still have yur equity..im really hoping this bold line gives a bounce bro ...
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  • #63,276
  • Apr 29, 2008 2:40pm Apr 29, 2008 2:40pm
Yes I think the short target has been met when price touched the weekly S2 and that lower 4 hr TL it snapped back and created a nice little 5 min pin.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,277
  • Apr 29, 2008 2:43pm Apr 29, 2008 2:43pm
Quoting Bones
Yes I think the short target has been met when price touched the weekly S2 and that lower 4 hr TL it snapped back and created a nice little 5 min pin.

i sure hope so ...
at least now i buying close to bottom instead of the top ....hay tone! ..lol
  • #63,278
  • Apr 29, 2008 2:52pm Apr 29, 2008 2:52pm
Man lets hope so Nav lol though I wouldnt hold much under that TL
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,279
  • Apr 29, 2008 3:01pm Apr 29, 2008 3:01pm
Well put it this way....at this line is only two things I see happening.

I already ruled out sideways movement.

The question is will that line hold tonite (tokyo/london session) or will the fundies push it down more.

We have Nationwide House Prices coming up and I havent gotten a picture that indicates the market is doing well. I just need the numbers to confirm this "hunch".

I know mid way in April the 5 best performers averaged an increase of 1.4% and the 5 worst averaged 2.2%. So things doesnt look good. Maybe there was shift after the 18th.

But my 2 cents.
  • #63,280
  • Apr 29, 2008 3:06pm Apr 29, 2008 3:06pm
The other weeky chart ive been watching is this one I posted at the weekend which showed parallel lows and highs and the channel held for the mo.

I mean I have not altered that blue line.

Really I wouldnt hold much lower than that.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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