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Cable Update (GBPUSD)

  • #67,221
  • May 22, 2008 5:21am May 22, 2008 5:21am
IMO its bad that after all that positive news cable hasnt broken 9800 yet. if i was long i wouldnt be comfortable with my position right now.
  • #67,222
  • May 22, 2008 5:24am May 22, 2008 5:24am
Quoting nAVIN2007
theres a pivot at 1.9803 i think if it passes this then yur stop going to be hit but who the hell knows i do know one thing b4 news this was heading down..its amazing how this news brings this movement but cant seeing this breaking out of overall trend...UK news isnt that great...
good.
If I Go Broke Trying Then I Will die happy.
  • #67,223
  • May 22, 2008 5:25am May 22, 2008 5:25am
Hi Folks
I think this is going to go up to 1.9840-1.9850 any comments?

Nav what level you went short?

Maybe tomorrow this will go down .............
Attached File(s)
File Type: doc chart.doc   83 KB | 325 downloads
BANDA333
  • #67,224
  • May 22, 2008 5:25am May 22, 2008 5:25am
Quoting salah k.
only if NAV shorts it again.
,
If I Go Broke Trying Then I Will die happy.
  • #67,225
  • May 22, 2008 5:26am May 22, 2008 5:26am
Quoting TradeToFly
IMO its bad that after all that positive news cable hasnt broken 9800 yet. if i was long i wouldnt be comfortable with my position right now.

the last time cable jumped out of the downtrend for a fraction was when banks got extra funding that was positive....nothing like this is happening..its just going through the currency cycle high and low....it will defo go back below 1.95, just might have to wait a week ....

i think this is the only way to trade this currency otherwise u deal with spikes and whipsaw and SL being hit....

one thing i know i gonna hold this till its profitable or i go broke ..i wont cancel for anything...fedup of cancel winning positions
  • #67,226
  • May 22, 2008 5:26am May 22, 2008 5:26am
Quoting scyang
Are you really short? Then cable will hit 2 today.
,
If I Go Broke Trying Then I Will die happy.
  • #67,227
  • May 22, 2008 5:28am May 22, 2008 5:28am
oh come on let's get this over with.
If I Go Broke Trying Then I Will die happy.
  • #67,228
  • May 22, 2008 5:29am May 22, 2008 5:29am
I will short when/if it breaks 1.9750
(my 12 HRLY--10am/10pm GMT -- Pivot point)
  • #67,229
  • May 22, 2008 5:31am May 22, 2008 5:31am
i will be done for the week once 1.9809 get hit, im taking my 250 pips and heading for the hills, next monday is a holiday so not much action, things should pick up on tuesday, enjoy your weekend guys and more pips to all.
If I Go Broke Trying Then I Will die happy.
  • #67,230
  • May 22, 2008 5:32am May 22, 2008 5:32am
Quoting TradeToFly
IMO its bad that after all that positive news cable hasnt broken 9800 yet. if i was long i wouldnt be comfortable with my position right now.
ur on to something here
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,231
  • May 22, 2008 5:33am May 22, 2008 5:33am
Quoting Moe
i will be done for the week once 1.9809 get hit, im taking my 250 pips and heading for the hills, next monday is a holiday so not much action, things should pick up on tuesday, enjoy your weekend guys and more pips to all.
Nice weekend and good luck to you too...
  • #67,232
  • May 22, 2008 5:34am May 22, 2008 5:34am
Day R2 = 1.9810
  • #67,233
  • May 22, 2008 5:34am May 22, 2008 5:34am
Quoting Moe
oh come on let's get this over with.
ithinks its waiting for the national anthem!
Trading is 80% Emotional, 20% Technical
  • #67,234
  • May 22, 2008 5:36am May 22, 2008 5:36am
.. thank you. later trader
If I Go Broke Trying Then I Will die happy.
  • #67,235
  • May 22, 2008 5:36am May 22, 2008 5:36am
finally 9800
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,236
  • May 22, 2008 5:42am May 22, 2008 5:42am
Not much enthusiasm with the break. Very tempted to go short it it doesnt get above 815 in the next 15-20 mins
  • #67,237
  • May 22, 2008 5:42am May 22, 2008 5:42am
looking for good time to short for 20 pips
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,238
  • May 22, 2008 5:45am May 22, 2008 5:45am
Quoting TradeToFly
Not much enthusiasm with the break. Very tempted to go short it it doesnt get above 815 in the next 15-20 mins
u and me both but doesnt look like it wants to go south at all
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,239
  • May 22, 2008 5:46am May 22, 2008 5:46am
Folks maybe this is top for the day ..........this price level unstable seems it has taken off vertically .........big stop hunting move ???????/
Attached File(s)
File Type: doc chart.doc   70 KB | 319 downloads
BANDA333
  • #67,240
  • May 22, 2008 5:47am May 22, 2008 5:47am
Quoting tomaz55
filled my boots long at 9650 with 35pip stop
closed long at 9800 for +150 pips

now short 9800 for 50 pips
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