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Cable Update (GBPUSD)

  • #65,401
  • May 12, 2008 3:04pm May 12, 2008 3:04pm
well one thing for they cant be good ...will send cable down i fear for those who are long
  • #65,402
  • May 12, 2008 3:15pm May 12, 2008 3:15pm
Quoting Runway Trade
Place another long at 1.9620 (other one from Thursday last week 1.9685) trynig to match them around 1.9655. Hedged the both at 1.9590 and just closed te hedge at 1.9567! OK now we really need to go up please if EURO can cable can. will hedge again if it goes and stays below the 5m smoothy (89sma)
good luck bro but i must remind u the trend s still bearsh as ndcated n the charts

and gong back up to 9650 that could only be triggered by really good news tonight.

all the best
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #65,403
  • May 12, 2008 3:18pm May 12, 2008 3:18pm
salah but if the house prices are declined......cable will go down yes?
  • #65,404
  • May 12, 2008 4:00pm May 12, 2008 4:00pm
where is abuwaad?
  • #65,405
  • May 12, 2008 5:07pm May 12, 2008 5:07pm
Quoting nAVIN2007
salah but if the house prices are declined......cable will go down yes?
In theory YES, but it's never that easy.

The question is are you SURE it'll be bad news

Upside 100-200pips if on the right side, wrong side 30pips stop may I suggest, so risk to reward is worth it ( with the STOP )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #65,406
  • May 12, 2008 5:58pm May 12, 2008 5:58pm
H1 H&S

Short @ 19566, SL 19597
Darkness lies one inch ahead..
  • #65,407
  • May 12, 2008 5:59pm May 12, 2008 5:59pm
Looks like shes starting to move! down we go
  • #65,408
  • May 12, 2008 6:02pm May 12, 2008 6:02pm
Any ideas as to how far we're going down?
"The trend is your friend, until the end."
  • #65,409
  • May 12, 2008 6:13pm May 12, 2008 6:13pm
Quote
Any ideas as to how far we're going down?

Hard to say, as were in between major trading sessions.

I'm to new to phatom a guess right now, but I've been short since 1.5621, so i'm content to watch it go!
  • #65,410
  • May 12, 2008 6:18pm May 12, 2008 6:18pm
Quoting nAVIN2007
salah but if the house prices are declined......cable will go down yes?
sorry for the late reply
yes nav that should usually be the market reaction
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #65,411
  • May 12, 2008 6:25pm May 12, 2008 6:25pm
Hi all! Long time reader of this thread. First time post. Observing head and shoulders formation on the 15 min.....? Any comments?
  • #65,412
  • May 12, 2008 6:32pm May 12, 2008 6:32pm
Quoting peppertree2
Hi all! Long time reader of this thread. First time post. Observing head and shoulders formation on the 15 min.....? Any comments?
Nice cleean head shoulder so we are in for more south "The "head-and-shoulders" pattern is believed to be one of the most reliable trend-reversal patterns."
  • #65,413
  • May 12, 2008 6:34pm May 12, 2008 6:34pm
Hey buddy, I was hopin you were gonna stay. But your probably cool where ya got out.

Quoting hornet
closed my short.

going for dinner
  • #65,414
  • May 12, 2008 6:35pm May 12, 2008 6:35pm
Good looking head and shoulder on the 30 min too....
  • #65,415
  • May 12, 2008 6:38pm May 12, 2008 6:38pm
But ya know what, ( It was just a metter of time )

I sure hope SOME of you were with me?

Jim

Quoting hard1head1
I guess I can add to my short now. Anyone been looking at a TP.... 9569 maybe 9530 even.
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  • #65,416
  • May 12, 2008 6:44pm May 12, 2008 6:44pm
Quoting hard1head1
But ya know what, ( It was just a metter of time )

I sure hope SOME of you were with me?

Jim
Wish I was in, lost track of the time and missed the move

I think taking profits and getting some sleep and waking for the 9:30am news release is likely a better strategy.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #65,417
  • May 12, 2008 6:46pm May 12, 2008 6:46pm
Quoting hard1head1
But ya know what, ( It was just a metter of time )

I sure hope SOME of you were with me?

Jim
Look left bro, you'll find me standing right there next to ya..
USD Est Non Mortuus
  • #65,418
  • Edited 6:58pm May 12, 2008 6:47pm | Edited 6:58pm
Here is a tighter shot, Pair came down from the double top, ( Grey box ), ( I mentioned this morning ) and didnt look back. It hit the 89 Smoothy and consolidated thru the late morning hours, then formed an Evening star, dropped thru with the EMA's widening and then out of the bearish declining wedge, ( wish I was awake to add to my position ), But I will take the 1st addition anyway, and hit my 1.9530 TP almost dead on the nose. Stood there with a minus sign this morning, but stuck with my guns.
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  • #65,419
  • May 12, 2008 6:48pm May 12, 2008 6:48pm
I figured that, Lucky. LOL

Jim

Quoting LuckyLurker
Look left bro, you'll find me standing right there next to ya..
  • #65,420
  • May 12, 2008 6:56pm May 12, 2008 6:56pm
Patience is a virtue, It is also a $1000 payday....
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