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Cable Update (GBPUSD)

  • #66,861
  • May 21, 2008 3:41am May 21, 2008 3:41am
...that will make it a rising star, close to the 38.2% AND also a good support area...
Biggest joker
  • #66,862
  • May 21, 2008 3:43am May 21, 2008 3:43am
watch it about now...
Biggest joker
  • #66,863
  • May 21, 2008 3:54am May 21, 2008 3:54am
Lol, it's like watching paint dry.
Biggest joker
  • #66,864
  • May 21, 2008 3:58am May 21, 2008 3:58am
Lifting offers to '80 area ('40 futures), and then hitting bids down to 60's, not exactly a lot of momentum happening, hey?
Biggest joker
  • #66,865
  • May 21, 2008 4:53am May 21, 2008 4:53am
filled my boots long at 9650 with 35pip stop
  • #66,866
  • May 21, 2008 5:28am May 21, 2008 5:28am
the 4hr chart shows this mornings support area well, it being a prev swing hi and lo area on that chart.
Attached Image
ex member
  • #66,867
  • May 21, 2008 6:48am May 21, 2008 6:48am
cable stuck in very tight range, bouncing off 19650s at mo
Trading is 80% Emotional, 20% Technical
  • #66,868
  • May 21, 2008 6:54am May 21, 2008 6:54am
Im favouring short like MOE.

Just put SL 15pips above today's high.
  • #66,869
  • May 21, 2008 7:01am May 21, 2008 7:01am
you say long , i say short , no matter what we say, we don't know , why don't we just wait and we will see ,
If I Go Broke Trying Then I Will die happy.
  • #66,870
  • May 21, 2008 7:06am May 21, 2008 7:06am
two great days of moving over 200 pips, now we stuck like chuck.
If I Go Broke Trying Then I Will die happy.
  • #66,871
  • May 21, 2008 7:13am May 21, 2008 7:13am
YOU GO LONG , I GO SHORT .
If I Go Broke Trying Then I Will die happy.
  • #66,872
  • May 21, 2008 7:14am May 21, 2008 7:14am
Quoting Moe
two great days of moving over 200 pips, now we stuck like chuck.
yea its stuck, but stuck when run up or stuck when run down ?

both is worst , boring and frustating................

but great for scalping 5 - 10 pips
I Deeply Love My Virtual Life In Virtual World , RLC
  • #66,873
  • May 21, 2008 7:16am May 21, 2008 7:16am
im thinking about closing my trade and calling it a day, i will se how things go after the news if i don't like what i see then im going to the temple
If I Go Broke Trying Then I Will die happy.
  • #66,874
  • May 21, 2008 7:17am May 21, 2008 7:17am
A bit confused as to why people are going long. I had a crossover of my EMA's about 3 or 4 hours ago which has indicated we are in a downtrend and there isn't any major news releases due so it shouldn't have the whipsaw effect.

Peace
"The trend is your friend, until the end."
  • #66,875
  • May 21, 2008 7:19am May 21, 2008 7:19am
If I Go Broke Trying Then I Will die happy.
  • #66,876
  • May 21, 2008 7:22am May 21, 2008 7:22am
im just having fun guys don'y pay me any attention
If I Go Broke Trying Then I Will die happy.
  • #66,877
  • May 21, 2008 7:24am May 21, 2008 7:24am
This forum could benefit from posting some charts for analysis instead of a lot of I thinks........Here's a better picture
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 41 KB
  • #66,878
  • May 21, 2008 7:30am May 21, 2008 7:30am
i don't think and i don't know, i just follow the system and what ever happens happens, system already been build and tested so there's no 2nd guessing for me.
If I Go Broke Trying Then I Will die happy.
  • #66,879
  • May 21, 2008 7:35am May 21, 2008 7:35am
Quoting Moe
im thinking about closing my trade and calling it a day, i will se how things go after the news if i don't like what i see then im going to the temple
FOMC might push it to 9400 today
because i think cutting rates is out of the question for now and traders just need to hear it first hand

anyway u know much more than i do
good luck bro
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,880
  • May 21, 2008 7:36am May 21, 2008 7:36am
Quoting salah k.
FOMC might push it to 9400 today
because i think cutting rates is out of the question for now and traders just need to hear it first hand

anyway u know much more than i do
good luck bro
but why didnt they mention it in there statement, cant see anything new that these minutes will show
Trading is 80% Emotional, 20% Technical
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