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Cable Update (GBPUSD)

  • #63,561
  • May 1, 2008 12:08am May 1, 2008 12:08am
Any forecast today? Yesterday thought it was breaking the support and went SHORT. huge loss. lol. any SHORT today?
I don't know how trade news, any1 is willing to share?
  • #63,562
  • May 1, 2008 12:23am May 1, 2008 12:23am
Well there dose seem to be a correlation so that’s why I mentioned it, I did try to keep it short but sweet.
Its actually a nice trade set up to watch out for Nav shame we haven’t got one on cable right now,lol
Quoting TraderJR
Wish u would keep this out of GU
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,563
  • May 1, 2008 12:24am May 1, 2008 12:24am
In fact its one of the reasons I did not short at 9890

That and I cant seem to find the sell button on my station.


Quoting Bones
Well there dose seem to be a correlation so that’s why I mentioned it, I did try to keep it short but sweet.
Its actually a nice trade set up to watch out for Nav shame we haven’t got one on cable right now,lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,564
  • May 1, 2008 12:42am May 1, 2008 12:42am
Like I say I was watching that 9890 and when I think about it it would have been worth the trade as I could have risked very little.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,565
  • May 1, 2008 1:16am May 1, 2008 1:16am
how does this just randomly shoot 40 pips up?
  • #63,566
  • May 1, 2008 1:44am May 1, 2008 1:44am
Quoting samdelgado
how does this just randomly shoot 40 pips up?
because im short...thats why ...
  • #63,567
  • May 1, 2008 1:46am May 1, 2008 1:46am
Hii.
LONG!!!
  • #63,568
  • May 1, 2008 1:50am May 1, 2008 1:50am
Quoting Spiderpork69
Hii.
LONG!!!
new target 1.9950
  • #63,569
  • May 1, 2008 2:00am May 1, 2008 2:00am
Quoting Ultraman
new target 1.9950
Are you going long?
Expected the unexpected
  • #63,570
  • May 1, 2008 2:02am May 1, 2008 2:02am
Quoting fxdoc
My Trading Plan Target alternatives post FOMC remain similar to my post 63203 of 29/04/08 -My view remains the same because the low of 16/04/08 was not breached.
Despite timing delay, the opportunity was given to buy lower last night .

Alternative 1 - Cable going for either of 2.0050/2.0100/2.0165 and turn down.
or
Alternative 2 - Cable going for 2.0660.

But, I could be wrong !!!
bonjour

TL will be broken by a close of a 1h candle in 2 mn. We could see 2.01 very soon. I couldn t imagine breaking the TL at 2.01 because of fundamentals. Maybe a sharp sell off of the $ (this alternative looks limited to me)

And guys watch Eur/GBP, we are close to the a canal TL, should go up soon, i will load some around 0.9790.

Hope i m right

GL
  • #63,571
  • May 1, 2008 2:03am May 1, 2008 2:03am
Note that the only European market trading today is London. The rest are on a May Day holiday.

London will typically take its day off for May Day on Monday.
  • #63,572
  • May 1, 2008 2:12am May 1, 2008 2:12am
what appens?
  • #63,573
  • May 1, 2008 2:14am May 1, 2008 2:14am
Quoting hirek
bonjour

TL will be broken by a close of a 1h candle in 2 mn. We could see 2.01 very soon. I couldn t imagine breaking the TL at 2.01 because of fundamentals. Maybe a sharp sell off of the $ (this alternative looks limited to me)

And guys watch Eur/GBP, we are close to the a canal TL, should go up soon, i will load some around 0.9790.

Hope i m right

GL
oooops they did wait the close of the 1h to reinter in the canal.
  • #63,574
  • May 1, 2008 2:15am May 1, 2008 2:15am
Quoting Spiderpork69
what appens?
u cant just enter because price all of a sudden increases ...remember market is open to take yur money


hopefully for me this is diverence kicking in ...moving toward weekly pivot i hope
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  • #63,575
  • Edited 2:17am May 1, 2008 2:15am | Edited 2:17am
Ok I got why it stopped there on the 1 hour zoomed out and close up attached .
Its got to stay above that blue TL until the news to have a chance of breaking up I think.

It was a nice touch so bias down.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,576
  • May 1, 2008 2:20am May 1, 2008 2:20am
HHAAARRRGGGG!!!!!
  • #63,577
  • May 1, 2008 2:24am May 1, 2008 2:24am
Quoting Bones
Ok I got why it stopped there on the 1 hour zoomed out and close up attached .
Its got to stay above that blue TL until the news to have a chance of breaking up I think.

It was a nice touch so bias down.
i found what i need to do seems 0.1 for me the way to go ....im 80 pips down but still emotions right now like robocop
  • #63,578
  • May 1, 2008 2:31am May 1, 2008 2:31am
Quoting nAVIN2007
i found what i need to do seems 0.1 for me the way to go ....im 80 pips down but still emotions right now like robocop
  • #63,579
  • May 1, 2008 2:33am May 1, 2008 2:33am
No trades open currently... Looking for a long entry. May wait for it to go down near 1.9830... We'll see
  • #63,580
  • May 1, 2008 2:40am May 1, 2008 2:40am
Quoting DJ4x
No trades open currently... Looking for a long entry. May wait for it to go down near 1.9830... We'll see
oh... missed that boat
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