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Cable Update (GBPUSD)

  • #64,361
  • May 6, 2008 8:09am May 6, 2008 8:09am
Quoting DJ4x
I closed two positions (long) earlier today for a total of 70 pips pos. Just re entered again at 1.9736. Lets see how far it will go up if at all
I got 31 this morning but chickened out again when it pulled back should have left it to 9636. Also when long at 1.9737 . Think it will reach weekly pivot will try and hold to R1 at 1.9792
  • #64,362
  • May 6, 2008 8:13am May 6, 2008 8:13am
Well, I made 50 on the long and lost 14 on my last short.

This is me for the day.


guys.
The quality of your life is brought about by the quality of your thinking.
  • #64,363
  • May 6, 2008 8:14am May 6, 2008 8:14am
There is, or was a lot of upward pressure. Lets look at it, we got thru that 9730 area of resistance, the 15 Min DTL and the Daily Pivot, so something has to be pushing it. Now we are testing the Support of that 9730 area which has provided good support for weeks, not to mention test the back of that DTL also.

Jim
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  • #64,364
  • May 6, 2008 8:20am May 6, 2008 8:20am
Quoting hornet
Well, I made 50 on the long and lost 14 on my last short.

This is me for the day.


guys.
well done hornet
  • #64,365
  • May 6, 2008 8:22am May 6, 2008 8:22am
Quoting Runway Trade
I got 31 this morning but chickened out again when it pulled back should have left it to 9636. Also when long at 1.9737 . Think it will reach weekly pivot will try and hold to R1 at 1.9792
I always have an automatic TP of 80 pips, but only ever manage to leave it if I'm not looking
  • #64,366
  • May 6, 2008 8:32am May 6, 2008 8:32am
Way to go, Hornet, DJ

Quoting DJ4x
well done hornet
  • #64,367
  • May 6, 2008 8:35am May 6, 2008 8:35am
Quite a well defined 4hr congestion channelsince beginning of last Month (April 08)...screenshot shows it well.
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ex member
  • #64,368
  • May 6, 2008 8:42am May 6, 2008 8:42am
I am long with a 35 pip trail, TP is the 4 Hr DTL. at 9822
  • #64,369
  • May 6, 2008 8:48am May 6, 2008 8:48am
Quoting hard1head1
I am long with a 35 pip trail, TP is the 4 Hr DTL. at 9822
locked and loaded long now.
  • #64,370
  • May 6, 2008 8:50am May 6, 2008 8:50am
Quoting tomaz55
hello freaks

with so much bearish talk, for sure this has to shoot up, so i'm long at 9710, tp 9850
still long, changed tp to 9834
  • #64,371
  • May 6, 2008 9:17am May 6, 2008 9:17am
All I see is cable being dragged up by the euro...

but I dont think the rules have changed

rule 1 - if the euro goes up strongly, cable goes up some

rule 2 If the euro weakens even a bit, cable crashes

Its been like that for a while now

I am going to watch the euro and short cable when the euro dithers
  • #64,372
  • May 6, 2008 9:19am May 6, 2008 9:19am
hi guys, im stick with the plan, gartley in progress



cheers
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  • #64,373
  • May 6, 2008 9:24am May 6, 2008 9:24am
Have to go.... Closed last position for pos 27 pips.
  • #64,374
  • May 6, 2008 9:33am May 6, 2008 9:33am
Quoting coop38
hi guys, im stick with the plan, gartley in progress



cheers

How long have you been trading coop38? I've not met many people here (BDA) who do......
  • #64,375
  • May 6, 2008 9:51am May 6, 2008 9:51am
Quoting allserene
All I see is cable being dragged up by the euro...

but I dont think the rules have changed

rule 1 - if the euro goes up strongly, cable goes up some

rule 2 If the euro weakens even a bit, cable crashes

Its been like that for a while now

I am going to watch the euro and short cable when the euro dithers
hey bro
long time no speak

wat are ur expectations for future US rate decisions?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #64,376
  • May 6, 2008 10:02am May 6, 2008 10:02am
Quoting logical1
How long have you been trading coop38? I've not met many people here (BDA) who do......
hello logical1

sorry, i do not clear, what you are asking...BDA? im not british
i've been trading since 2000 to present


cheers...
  • #64,377
  • Edited 11:06am May 6, 2008 10:32am | Edited 11:06am
For me if next H1/H4 candle close/open above 1.9764 will more up above the current daily high level, otherwise may down and up in a range between 1.9724 - 1.9764 or even down again below 1.9724.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #64,378
  • May 6, 2008 10:32am May 6, 2008 10:32am
Quoting salah k.
hey bro
long time no speak

wat are ur expectations for future US rate decisions?
Been buying my new Suzuki Bandit 1250 and getting some knee down in the cascade mountains while being hunted by cop planes and cars. They fund everything through speed fines - 1 million tickets last year for 2 million drivers in the state. They hunt you in town at 25mph and everywhere. Ever tried doing 25mph on a 1250cc liquid cooled fuel injected rocket ship ? 2 rear view mirrors and 2 pointed up is what I need ! The cops called me at home and said they noticed I had a nice 2008 car and to give 50 dollars to their benevolent fund now ! they didnt say 'or else' but it sounded like it. If you pay, you get a car sticker saying you support the police. Without that you are considered viet cong. I had been in the phone book 3 days. Washington State is frighteningly corrupt by UK standards - scary stuff


Dunno which way they will play it but interest rate differentials seem to be ignored at the moment...

Its all about whether the US will pull out of this flat patch - it will, but when ?

So we are suposed to be trading trends or swings or whatever - so what is the trend ? I am not talking about this hour or this week - what is the trend ? I can't see one. Everyone is waiting for the US economy to give em the starting gun.

We should go do something else and come back in october and catch the trend when it is established. We can't though coz we want to be rich now.

So when it goes up a lot I bet down (Not trading, betting)

and vice versa. Nearest I get to vice nowadays apart from doing 26 in a 25 and feeling devilish
  • #64,379
  • May 6, 2008 12:35pm May 6, 2008 12:35pm
Quoting allserene

We should go do something else and come back in october and catch the trend when it is established. We can't though coz we want to be rich now.

So when it goes up a lot I bet down (Not trading, betting)
  • #64,380
  • May 6, 2008 1:54pm May 6, 2008 1:54pm
Quoting allserene
Been buying my new Suzuki Bandit 1250 and getting some knee down in the cascade mountains while being hunted by cop planes and cars. They fund everything through speed fines - 1 million tickets last year for 2 million drivers in the state. They hunt you in town at 25mph and everywhere. Ever tried doing 25mph on a 1250cc liquid cooled fuel injected rocket ship ? 2 rear view mirrors and 2 pointed up is what I need ! The cops called me at home and said they noticed I had a nice 2008 car and to give 50 dollars to their benevolent fund now ! they didnt say 'or else' but it sounded like it. If you pay, you get a car sticker saying you support the police. Without that you are considered viet cong. I had been in the phone book 3 days. Washington State is frighteningly corrupt by UK standards - scary stuff


Dunno which way they will play it but interest rate differentials seem to be ignored at the moment...

Its all about whether the US will pull out of this flat patch - it will, but when ?

So we are suposed to be trading trends or swings or whatever - so what is the trend ? I am not talking about this hour or this week - what is the trend ? I can't see one. Everyone is waiting for the US economy to give em the starting gun.

We should go do something else and come back in october and catch the trend when it is established. We can't though coz we want to be rich now.

So when it goes up a lot I bet down (Not trading, betting)

and vice versa. Nearest I get to vice nowadays apart from doing 26 in a 25 and feeling devilish
wow man u need to take it easy
i mean doing 26 on a 25 limit is pretty dangerous and reckless
u can just put a poster of bush on top of ur car and u'll scare the chopper away.

about the US ur right we are all waiting for it too start shooting up so we can sell everything from euro to cable aussie gold....

guess from now till then we will keep guessing
"what doesn't bankrupt me, makes me stronger" modern nietzche
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