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Cable Update (GBPUSD)

  • #65,781
  • May 14, 2008 12:54am May 14, 2008 12:54am
Quoting fxdoc
I anticipate another wave down to 1.9360/1.9335 before UP.
I second that
The quality of your life is brought about by the quality of your thinking.
  • #65,782
  • May 14, 2008 12:56am May 14, 2008 12:56am
Quoting Runway Trade
Test, up re-test then up?
I was gonna put up my chart but my 5m looks just like that

Nav were u in already when JIM was saying patience?
  • #65,783
  • May 14, 2008 12:56am May 14, 2008 12:56am
Good morning, forgot that in my previous post

The quality of your life is brought about by the quality of your thinking.
  • #65,784
  • Edited 1:12am May 14, 2008 12:56am | Edited 1:12am
Quoting TraderJR
With 135 pip SL, what lot size and MM do you trade?
This a special emergency decission where I only put 10 pips for the 1st long. Usually I use the ratio TP : Sl = 4 : 3.
I use 10% of margin to trade ... 13.5% loss today because I didn't use Abuawad method analysis as usual. One lesson for me. Impatience to wait H4 chart open/close beyond unknown limit area to open the posistion.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #65,785
  • May 14, 2008 1:01am May 14, 2008 1:01am
Quoting Doose
I was gonna put up my chart but my 5m looks just like that

Nav were u in already when JIM was saying patience?
been screwed from yesterday bro ..good figure for cable, i thought could only send cable up, and when it did i assumed that was a confirmation, tricked the third buy is me trying to pick a bottom....

just when i thought i was getting it right ...this happens but im looking to hold as i know with time 1.9700 level will be seen ....

entered with 0.3 mini so now its a sitting and waiting game for me....
fundamentally i dont understand how gpb value can remain at these low level, no sign of things being this bad..so confused as to what happening here...maybe test 1.93 and up im thinking if not here
  • #65,786
  • May 14, 2008 1:01am May 14, 2008 1:01am
Well my 1 HR show strong support here. Dont know how long it will hold with fundies in 30 mins.
  • #65,787
  • May 14, 2008 1:08am May 14, 2008 1:08am
Quoting nAVIN2007
been screwed from yesterday bro ..good figure for cable, i thought could only send cable up, and when it did i assumed that was a confirmation, tricked the third buy is me trying to pick a bottom....

just when i thought i was getting it right ...this happens but im looking to hold as i know with time 1.9700 level will be seen ....

entered with 0.3 mini so now its a sitting and waiting game for me....
fundamentally i dont understand how gpb value can remain at these low level, no sign of things being this bad..so confused as to what happening here...maybe test 1.93 and up im thinking if not here
I'm in the same boat with you on that one, i'm still holding my long from yesterday. I think there is the possibility of a morning star reversal pattern forming here, on the 1 hour chat.
"The trend is your friend, until the end."
  • #65,788
  • May 14, 2008 1:10am May 14, 2008 1:10am
this ups n downs waiting for the news.
  • #65,789
  • May 14, 2008 1:12am May 14, 2008 1:12am
It just came up nicely, unlike euro, still under water.
Expected the unexpected
  • #65,790
  • May 14, 2008 1:13am May 14, 2008 1:13am
Who is buying so close to news, a leak maybe!!!



Alex


Quoting scyang
It just came up nicely, unlike euro, still under water.
  • #65,791
  • May 14, 2008 1:15am May 14, 2008 1:15am
Quoting AlexFX
Who is buying so close to news, a leak maybe!!!



Alex
dont buy the price action....shall wait.
  • #65,792
  • May 14, 2008 1:15am May 14, 2008 1:15am
CHILL GUYS my reports say that numbers like 1.9445-35 are normal to recover to so that does not mean its gonna go up all the way actully after that report i bought G/U at 1.9406 so i'm the one that should be MAD cuz i waited so long to collect my TP .... its ok
  • #65,793
  • May 14, 2008 1:16am May 14, 2008 1:16am
Quoting ForexRookie
I'm in the same boat with you on that one, i'm still holding my long from yesterday. I think there is the possibility of a morning star reversal pattern forming here, on the 1 hour chat.
i certainly hope so, i really hope this daily candle ends bullish then might breakout of this sh*thole, doubt it thou...
  • #65,794
  • May 14, 2008 1:18am May 14, 2008 1:18am
CABLE: Extends recovery off early lows of $1.9392 the covering back of

spec shorts seen prompted by the decent demand interest reported in the

$1.9400/1.9350 area (option linked). Move to $1.9438 aided by reported

Russian demand for sterling-yen one trader says. Offers seen placed to

$1.9340 (23.6% $1.9592/1.9392) a break above to open a move on toward

$1.9450 ahead of $1.9465/75.
  • #65,795
  • May 14, 2008 1:19am May 14, 2008 1:19am
Quoting nAVIN2007
i certainly hope so
It may not happen today, but we will be reversing before the end of this week, I'm pretty certain of that after looking at the forthcoming news, especially on friday and now seeing the Morning Star.
"The trend is your friend, until the end."
  • #65,796
  • May 14, 2008 1:19am May 14, 2008 1:19am
news for pound about a few minutes soon...what do u think guys,it's gonna be good for pound?
  • #65,797
  • May 14, 2008 1:25am May 14, 2008 1:25am
Quoting ForexRookie
It may not happen today, but we will be reversing before the end of this week, I'm pretty certain of that after looking at the forthcoming news, especially on friday and now seeing the Morning Star.
On what time frame do you see the morning star? I don't see any.
Expected the unexpected
  • #65,798
  • May 14, 2008 1:28am May 14, 2008 1:28am
It seems buyers are lining up to beat the news... if it's encouraging, a BIG move up is possible. Would love to see a 1-2-3 punch for the pound in the next hour.
  • #65,799
  • May 14, 2008 1:28am May 14, 2008 1:28am
Its on the 1HR. I guess. 30mins too early to call tho.
  • #65,800
  • May 14, 2008 1:29am May 14, 2008 1:29am
Quoting Doose
its on the 1HR.
Thanks Doose, i forgot to mention that in my post.
"The trend is your friend, until the end."
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