Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#67,181
May 22, 2008 3:52am May 22, 2008 3:52am

30pips
| Joined Jul 2007 | Status: Trader | 365 Posts

...this week trading cable is like hell!

#67,182
May 22, 2008 3:53am May 22, 2008 3:53am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting fx local

Disliked

can this rally hold up or does cable warrant a good retracement to correct this overbought situation??

Ignored

im going out on a limb here i sold again it seems to me that price wanted to come down, news came out better for £ and peps bought on impulse, i expect price to fall soon ......assuming we in a downtrend and news affect price short term and doesnt change the long term trend...

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#67,183
May 22, 2008 4:03am May 22, 2008 4:03am

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

I wouldnt sell again there Nav .Your fighting immediate trend.

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On-site guru & also FF member's' psychiatrist, when not drinking tea

#67,184
May 22, 2008 4:06am May 22, 2008 4:06am

Moe
| Membership Revoked | Joined Mar 2005 | 4,703 Posts

Quoting 30pips

Disliked

...this week trading cable is like hell!

Ignored

i satrted out strong catching the sunday down trend and monday/tuesday up trend for a little over 450 pips now im hurting on my shorts, if my s/l get hit then im out till next week, i don't want to give all my pips back.

If I Go Broke Trying Then I Will die happy.

#67,185
May 22, 2008 4:09am May 22, 2008 4:09am

deboooo2005
Joined Feb 2007 | Status: Trader | 2,428 Posts

hi

cable seems going to test monthly pivot @ 1.9838 ... if cable break it we will see 1.988XX ... otherwise failing to break monthly pivot @ 1.9838 it will fall down ... just opinion

#67,186
May 22, 2008 4:10am May 22, 2008 4:10am

Moe
| Membership Revoked | Joined Mar 2005 | 4,703 Posts

Quoting Moe

Disliked

ok im short 1.9689 s/l 1.9863 t/p 1.9569

im also short at 1.9731 s/l 1.9863 t/p half at 1.9569 and the other half at 1.9450

Ignored

stop loss on both trades is now at 1.9809

If I Go Broke Trying Then I Will die happy.

#67,187
May 22, 2008 4:10am May 22, 2008 4:10am

fx local
| Joined Dec 2007 | Status: Senior Member | 1,461 Posts

Quoting Bones

Disliked

I wouldnt sell again there Nav .Your fighting immediate trend.

Ignored

yet again some great stuff tone

Trading is 80% Emotional, 20% Technical

#67,188
May 22, 2008 4:12am May 22, 2008 4:12am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

i canceled the sell ..since we closed above r1....looks to sell higher..

i cant seems to enlarge the chart for some reason, says picture corrupt, am i only one having this problem?

#67,189
May 22, 2008 4:14am May 22, 2008 4:14am

fx local
| Joined Dec 2007 | Status: Senior Member | 1,461 Posts

Quoting 30pips

Disliked

...this week trading cable is like hell!

Ignored

yes, if you have been selling

Trading is 80% Emotional, 20% Technical

#67,190
May 22, 2008 4:15am May 22, 2008 4:15am

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

Hey Gurps thanks buddy ,im thinking the same as you with a retrace from there (I hope) so I can get a good price I wouldnt enter there on a buy either.

Quoting fx local

Disliked

yet again some great stuff tone

Ignored

On-site guru & also FF member's' psychiatrist, when not drinking tea

#67,191
May 22, 2008 4:17am May 22, 2008 4:17am

superbandam3
| Joined Apr 2008 | Status: Trader | 47 Posts

yes ,this week has been total hell, i have been trading this GBP USD pair for a year now, and then i realised its movement its becoz of fundamentals, u better trade mix TA with FA, becoz i know a lot of guys make hundreds of pips from this pair only to be screwed by the fundamentals of this pair, eg, the markets take backs what it give. You just need to remember that in this pair, the markets are better informed than us so it will go where it want to go, becareful with ur technicals, i have been trading 100% technical few months back only to get screwed often, knowing the fundamentals of this pair really help u make pips and avoid the obvious pitfalls..............

#67,192
May 22, 2008 4:17am May 22, 2008 4:17am

Moe
| Membership Revoked | Joined Mar 2005 | 4,703 Posts

i think some of you member are big banks hunting stop losses, im never gona post my trades again

If I Go Broke Trying Then I Will die happy.

#67,193
May 22, 2008 4:18am May 22, 2008 4:18am

salah k.
Joined Apr 2007 | Status: Trader | 2,387 Posts

cable seems to have a hard time crossing 9780
we still have one piece of news left

lets c if it can take us out of the downtrend channel for good or put us back in

"what doesn't bankrupt me, makes me stronger" modern nietzche

#67,194
May 22, 2008 4:19am May 22, 2008 4:19am

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

Well done Nav ,you watch it will fall through the floor now.Like I say I think there is strong resistance and im not a gap expert but would like to see that gap closed.
But like you say we sit on R1 which is a good building platform.

Quoting nAVIN2007

Disliked

i canceled the sell ..since we closed above r1....looks to sell higher..

i cant seems to enlarge the chart for some reason, says picture corrupt, am i only one having this problem?

Ignored

On-site guru & also FF member's' psychiatrist, when not drinking tea

#67,195
May 22, 2008 4:20am May 22, 2008 4:20am

bbmac
Joined Jul 2007 | Status: Trader | 5,392 Posts

Looking at 4hr chart re classic peak/valley price action analysis of trend, we are in an uptrend, and the circled pattern on Daily is bullish.

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ex member

#67,196
May 22, 2008 4:22am May 22, 2008 4:22am

fx local
| Joined Dec 2007 | Status: Senior Member | 1,461 Posts

Quoting Bones

Disliked

Hey Gurps thanks buddy ,im thinking the same as you with a retrace from there (I hope) so I can get a good price I wouldnt enter there on a buy either.

Ignored

lets see ...