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Cable Update (GBPUSD)

  • #65,481
  • May 13, 2008 1:57am May 13, 2008 1:57am
I just missed a great short entry at 02.05 (while taking my son to school), what a great shame. All my rules were met, same context as yesterday when I sold at 1.9620
The quality of your life is brought about by the quality of your thinking.
  • #65,482
  • May 13, 2008 1:58am May 13, 2008 1:58am
Quoting hard1head1
Keep in mind, CPI may make this short, short lived at 4:30
Jim,

I sent you a PM
The quality of your life is brought about by the quality of your thinking.
  • #65,483
  • May 13, 2008 2:00am May 13, 2008 2:00am
If CPI data comes out as advertised, we could go up a bit.

Jim
  • #65,484
  • May 13, 2008 2:02am May 13, 2008 2:02am
Quoting hard1head1
Power went out, lost my charts and everything when platform was reloaded.
As I said, it would probably go down, but this time wasn't sure. Those red spinners on the 1 Hr were a clue though. Always comes back to test DPP

This may sound stupid but with in the world is DPP ??????
  • #65,485
  • May 13, 2008 2:05am May 13, 2008 2:05am
Anyone seeing a bottom at 1.9444 and then up for some nice pips?
  • #65,486
  • May 13, 2008 2:07am May 13, 2008 2:07am
Quoting Peacelover
This may sound stupid but with in the world is DPP ??????
I believe it is the daily pivot point. Anyone else correct me if wrong.
  • #65,487
  • May 13, 2008 2:11am May 13, 2008 2:11am
Quoting maverick
Anyone seeing a bottom at 1.9444 and then up for some nice pips?
I think it gets interesting around 1.9470/80

Round about now
The quality of your life is brought about by the quality of your thinking.
  • #65,488
  • May 13, 2008 2:15am May 13, 2008 2:15am
I'm going to close out before the CPI data is released because I can't be around when it is, but is it possible with today's horrible RICS data and Retail Sales Monitor, that if the CPI comes out hot, then people could be thinking of stagflation??

At what point do the big boys start thinking of stagflation sending this thing down?

Just thinking out loud beforehand- not saying it's going either which way.
  • #65,489
  • May 13, 2008 2:17am May 13, 2008 2:17am
Hornet, you did well in picking that level previously at 1.9620, as cable made a nice ride down.
  • #65,490
  • May 13, 2008 2:25am May 13, 2008 2:25am
Quoting maverick
Hornet, you did well in picking that level previously at 1.9620, as cable made a nice ride down.
Yeah nice entry point.
Expected the unexpected
  • #65,491
  • May 13, 2008 2:27am May 13, 2008 2:27am
Quoting DeePipster
I'm going to close out before the CPI data is released because I can't be around when it is, but is it possible with today's horrible RICS data and Retail Sales Monitor, that if the CPI comes out hot, then people could be thinking of stagflation??

At what point do the big boys start thinking of stagflation sending this thing down?

Just thinking out loud beforehand- not saying it's going either which way.
If CIP comes out high, I sure would think cable will go up, stagflation or not.
Expected the unexpected
  • #65,492
  • May 13, 2008 2:28am May 13, 2008 2:28am
Quoting hornet
I think it gets interesting around 1.9470/80

Round about now
As I said, it was interesting there.....didn't get a trigger though
The quality of your life is brought about by the quality of your thinking.
  • #65,493
  • May 13, 2008 2:32am May 13, 2008 2:32am
Quoting hornet
As I said, it was interesting there.....didn't get a trigger though
Back up already. That was all the down movement it was going to do? Not fun. I am not in any position. Just watching for fun.
Expected the unexpected
  • #65,494
  • May 13, 2008 2:39am May 13, 2008 2:39am
Quoting scyang
Back up already. That was all the down movement it was going to do? Not fun. I am not in any position. Just watching for fun.
Yeah, price is oscillating wildly, up then down, up, down, without apparent rhyme or reason

Even the H1 DT break which it has been trying to do all day only went for 20 pips ... WTF...

U have to be very quick on the feet to make a profit today .. or rather simply to avoid a loss.
Darkness lies one inch ahead..
  • #65,495
  • May 13, 2008 2:39am May 13, 2008 2:39am
any1 enter long yet?
will be surprised if they have cause right now i think we really are between a rock and hard stone......no direction given at all
  • #65,496
  • May 13, 2008 2:40am May 13, 2008 2:40am
Quoting TraderJR
Yeah, price is oscillating wildly, up then down, up, down, without apparent rhyme or reason

Even the H1 DT break which it has been trying to do all day only went for 20 pips ... WTF...

U have to be very quick on the feet to make a profit today .. or rather simply to avoid a loss.
Quick on the fingers to avoid loss. Hope everybody is on the right side when the boat rocks.
Expected the unexpected
  • #65,497
  • May 13, 2008 2:44am May 13, 2008 2:44am
...Good or Bad...
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  • #65,498
  • May 13, 2008 2:52am May 13, 2008 2:52am
Quoting nAVIN2007
any1 enter long yet?
will be surprised if they have cause right now i think we really are between a rock and hard stone......no direction given at all
Too early to say.
  • #65,499
  • May 13, 2008 3:21am May 13, 2008 3:21am
might have to look at a different pair to trade this is becoming hectic
  • #65,500
  • May 13, 2008 3:24am May 13, 2008 3:24am
waiting for the right trigger to enter long, if it wasn't for CPI in 5 mins
The quality of your life is brought about by the quality of your thinking.
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