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Cable Update (GBPUSD)

  • #65,921
  • May 14, 2008 7:46am May 14, 2008 7:46am
Quoting Runway Trade
If anybody wants to know why it is flying North. I just shorted 2 lots@ 1.9424. Already hit S/L F_CK Trend your friend, f_ck that
dude shorting be4 US news is not the smartest move.
dont blame the trend
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #65,922
  • May 14, 2008 7:47am May 14, 2008 7:47am
Quoting AmeriTrini
If you look at the daily, there is crazy support there. We probably have found a bottom, look for it to climb up now.

bro i so hope and pray yur right ..
  • #65,923
  • May 14, 2008 7:48am May 14, 2008 7:48am
is it just me or are those US CPI NUMBERS bullshit
i'm sure they are not correct
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #65,924
  • May 14, 2008 7:50am May 14, 2008 7:50am
Quoting DJ4x
NAV
  • #65,925
  • May 14, 2008 7:51am May 14, 2008 7:51am
Why in the hell would you say something like that, Yes it sure could go back down off od this high, Nav.

Quoting nAVIN2007
if it goes down now it will be stupid
  • #65,926
  • May 14, 2008 7:52am May 14, 2008 7:52am
retracing back to 1.945 then heading up
  • #65,927
  • May 14, 2008 7:52am May 14, 2008 7:52am
Quoting salah k.
dude shorting be4 US news is not the smartest move.
dont blame the trend
Put the trade in after news, after that jump it did not go further and started going down. took a trade with the trend as the news was not bad for dollar. Looks like it stoped on the 15M 89SMA?
  • #65,928
  • May 14, 2008 7:53am May 14, 2008 7:53am
08.45 is an interesting trigger, for a short at 1.9456.

SL is 21 pips and rule says max 20, no trade.
The quality of your life is brought about by the quality of your thinking.
  • #65,929
  • May 14, 2008 7:53am May 14, 2008 7:53am
It can do what ever its going to do, we hope it goes up, but not cut in stone and its not stupid
  • #65,930
  • May 14, 2008 7:53am May 14, 2008 7:53am
Quoting nAVIN2007
bro i so hope and pray yur right ..
Dont worry, everything will be alright!!
  • #65,931
  • May 14, 2008 7:54am May 14, 2008 7:54am
we haven't seen the bottom yet...be careful longs
  • #65,932
  • May 14, 2008 7:54am May 14, 2008 7:54am
Quoting salah k.
is it just me or are those US CPI NUMBERS bullshit
i'm sure they are not correct
i have realised one thing...news bullshit...the price goes to the places and is forecasted already ...only time news influences is when the news is not predicted rightly ...

chart is everything u need....i hope and pray hoping this b*tch dont go down
now
  • #65,933
  • May 14, 2008 7:55am May 14, 2008 7:55am
Quoting Runway Trade
Put the trade in after news, after that jump it did not go further and started going down. took a trade with the trend as the news was not bad for dollar. Looks like it stoped on the 15M 89SMA?
the news is actually bad for dollar currency
not bad for US as a whole but bad for currency
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #65,934
  • May 14, 2008 7:56am May 14, 2008 7:56am
Quoting Runway Trade
If anybody wants to know why it is flying North. I just shorted 2 lots@ 1.9424. Already hit S/L F_CK Trend your friend, f_ck that
hello Runway, cable is fighting in a tunnel or rebaounce off the support or break out to the dark side of the that tunnel down way.
Well I just saw the pair, is moving up actually.

Well, remember that in a trend, allways you will find retracements.
  • #65,935
  • May 14, 2008 7:57am May 14, 2008 7:57am
Quoting pip me
we haven't seen the bottom yet...be careful longs
I think we have because there is a double bottom on the daily and COT data suggests that the pound is at a bearish extreme. Why do you say we haven't seen the bottom??
  • #65,936
  • May 14, 2008 7:59am May 14, 2008 7:59am
Quoting nAVIN2007
i have realsed one thing...news bullshit...the price goes to the places and is forecasted already ...only time news influences is when the news is not predicted rightly ...

chart is everything u need....i hope and pray hoping this b*tch dont go down
now
bro news aint bullshit
it is wat pushed cable up at the moment and believe me it aint a coincidence that cable happened to go up when dollar had bad news.

u always have to keep an eye on both technicals and fundamentals

one simple example a couple of days ago everybody was talking about 19700 or even 19800

the housing number solved that and changed it into 19300

NAVIN bro never underestimate the news.
before charts were given to us currencies rose and fell according to news and no chart trading was involved.

keep that in mind
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #65,937
  • May 14, 2008 8:01am May 14, 2008 8:01am
One more shot at that high
  • #65,938
  • May 14, 2008 8:01am May 14, 2008 8:01am
absolutely no way on earth the gpb is valued correctly at that level ..could only go up just a question of time
  • #65,939
  • May 14, 2008 8:02am May 14, 2008 8:02am
If it breaks 1.947 then we could see potential to 1.954
  • #65,940
  • May 14, 2008 8:07am May 14, 2008 8:07am
If you trade agains the trend, just scalp it 20, 30, or even 40 pips as many times you could or price allow you to. On the other hand, If you go with the trend, well good trip buddy. Place a good contract with proper stop lost and relax.
Actually I'm scalping this baby using fibos for entries and exits with eye watching the resistance @ the top of the tunnel (4H) BUT, NOT NESSESARY CABLE WILL GET THERE, so play safe with good SL's and NEVER marrie your red number for long time. Divorce it quickly.
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