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Cable Update (GBPUSD)

  • #67,821
  • May 26, 2008 11:42pm May 26, 2008 11:42pm
Quoting scyang
Switzherland trade balance number came in better than expected. Is that propping up euro and cable?
from the looks of things i'd say it didnt affect squat
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,822
  • May 26, 2008 11:43pm May 26, 2008 11:43pm
Quoting Moe
what a nice drop
Good for you Moe. Triple Top sure turned back Price as it also hit Monthly Pivot @ 1.9841.

Price opening and closing below 1.9750 on hourly chart could really potentially send Cable down to your 1.9660 target.
  • #67,823
  • May 26, 2008 11:53pm May 26, 2008 11:53pm
Hello traders, I'm new in this thread. Will share my positions/ideas/charts with you on cable. As my name indicate I'm in for swing trades from 1 to 15 days.
Currently holding shorts target 1.9590.
Getting it right is NOT as important as not getting it wrong.
  • #67,824
  • May 26, 2008 11:53pm May 26, 2008 11:53pm
Quoting yano125
Good for you Moe. Triple Top sure turned back Price as it also hit Monthly Pivot @ 1.9841.

Price opening and closing below 1.9750 on hourly chart could really potentially send Cable down to your 1.9660 target.
i did think my s/l was gonna get hit at 1.9880 when i wrote becarefull with those short but it did hold so far, i still look for this to be a choppy market if it do hit around 1.9650 after that i think we will have a dead week.
If I Go Broke Trying Then I Will die happy.
  • #67,825
  • May 26, 2008 11:57pm May 26, 2008 11:57pm
i realy don't like trading after the holiday's because of low volume you realy can't get a feel for what the market is trying to do.
If I Go Broke Trying Then I Will die happy.
  • #67,826
  • May 27, 2008 12:03am May 27, 2008 12:03am
Quoting Moe
i did think my s/l was gonna get hit at 1.9880 when i wrote becarefull with those short but it did hold so far, i still look for this to be a choppy market if it do hit around 1.9650 after that i think we will have a dead week.
I don't think one should be that ambitious. It's a long way from 1.9650. I think it would be good to get to 1.9700.
Expected the unexpected
  • #67,827
  • May 27, 2008 12:06am May 27, 2008 12:06am
Quoting scyang
I don't think one should be that ambitious. It's a long way from 1.9650. I think it would be good to get to 1.9700.
are you long?
  • #67,828
  • May 27, 2008 12:09am May 27, 2008 12:09am
Quoting Clouds
are you long?
I am short, but I would like to keep my expectations realistic.
Expected the unexpected
  • #67,829
  • May 27, 2008 12:11am May 27, 2008 12:11am
Quoting scyang
It's a long way from 1.9650.
1.9651 being the 200sma 1 Hour, 200 pips is not that far away for cable, and a range that is quite often achieved in 1 day.
Getting it right is NOT as important as not getting it wrong.
  • #67,830
  • May 27, 2008 12:12am May 27, 2008 12:12am
Quoting scyang
I am short, but I would like to keep my expectations realistic.
well. it's testing support right now. I'm long from 1.9820
  • #67,831
  • May 27, 2008 12:12am May 27, 2008 12:12am
Quoting fxswing
1.9651 being the 200sma 1 Hour, 200 pips is not that far away for cable, and a range that is quite often achieved in 1 day.
That would be great news for me since I am short. In a 1 hr 15 minutes, there will UK news on mortgage approval. Then US home sales news later. We will see.
Expected the unexpected
  • #67,832
  • May 27, 2008 12:13am May 27, 2008 12:13am
Quoting scyang
I am short, but I would like to keep my expectations realistic.
im a swing trader that hold trades from 1-4 days and when im on the winning side 90% of my take profit get hit, you mabe shoot for 30-50 pips, but my trades last longer and i shoot for 150-300 pips per trade, so im looking at the bigger picture. anyway good luck and more pips to you.
If I Go Broke Trying Then I Will die happy.
  • #67,833
  • May 27, 2008 12:18am May 27, 2008 12:18am
Quoting salah k.
yeah bro i hope it really hits 9650 today
agreed ,I think cable will go to 9650 today or at least 9680
  • #67,834
  • May 27, 2008 12:19am May 27, 2008 12:19am
Quoting Moe
im a swing trader that hold trades from 1-4 days and when im on the winning side 90% of my take profit get hit, you mabe shoot for 30-50 pips, but my trades last longer and i shoot for 150-300 pips per trade, so im looking at the bigger picture. anyway good luck and more pips to you.
I got burnt quite a few times recently by the irradical movements of the market. So I am now very careful and probably a bit too jittery. I theoretically know that cable should go down to 1.9650, but I question myself every time things don't look exactly smooth. Still learning.
Expected the unexpected
  • #67,835
  • May 27, 2008 12:20am May 27, 2008 12:20am
Quoting Clouds
well. it's testing support right now. I'm long from 1.9820
whats your s/l
If I Go Broke Trying Then I Will die happy.
  • #67,836
  • May 27, 2008 12:21am May 27, 2008 12:21am
Quoting scyang
I got burnt quite a few times recently by the irradical movements of the market. So I am now very careful and probably a bit too jittery. I theoretically know that cable should go down to 1.9650, but I question myself every time things don't look exactly smooth. Still learning.
i understand bro
If I Go Broke Trying Then I Will die happy.
  • #67,837
  • May 27, 2008 12:24am May 27, 2008 12:24am
Quoting Moe
whats your s/l
I've no SL, I'm long on AU, EU, GU, NU, AJ, EJ, GJ, NJ
  • #67,838
  • May 27, 2008 12:25am May 27, 2008 12:25am
Quoting Clouds
I've no SL, I'm long on AU, EU, GU, NU, AJ, EJ, GJ, NJ
what kind of trading is that?
If I Go Broke Trying Then I Will die happy.
  • #67,839
  • May 27, 2008 12:29am May 27, 2008 12:29am
Quoting Moe
what kind of trading is that?
Well, I see them all going up long term, and it allows me to keep the pairs, if some go under. Longterm, meaning this week.
  • #67,840
  • May 27, 2008 12:29am May 27, 2008 12:29am
Quoting Clouds
I've no SL, I'm long on AU, EU, GU, NU, AJ, EJ, GJ, NJ
Depending on size allocation that's trading the usd/jpy...
Getting it right is NOT as important as not getting it wrong.
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