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Cable Update (GBPUSD)

  • #68,141
  • May 28, 2008 12:20pm May 28, 2008 12:20pm
yeah i have ...no point trading when its like this..taking a break and now i think im going to stop trying to get a big move, 20 pips here 20 pips there best way i think ...market is to hectic to go for more than 50 pips at a time
  • #68,142
  • May 28, 2008 12:24pm May 28, 2008 12:24pm
Quoting salah k.
i think then cable will kick ass
i mean it is showing good upside momentum and this house price issue should make traders see what is going on with the housing problem in UK

if its good then traders will surely think that the most important problem in the UK is inflation and hence no rate cuts....

by that i say it will go up with strong momentum.

good luck


I agree with you but the cable if break the R1 1.9850 what the another R2 can reach to 2.000?

Grasp all lose all
  • #68,143
  • May 28, 2008 12:26pm May 28, 2008 12:26pm
Cable getting constipated !!!

Daily ranges getting smaller than EUR/USD or USD/CHF.

May switch trading EUR/USD or USD/CHF for a while.
  • #68,144
  • May 28, 2008 12:27pm May 28, 2008 12:27pm
Quoting fxswing
Be careful with revenge trading, trading bigger in size should not be done because of a previous loss, at least I'm not doing it, when I have a loss I start trading smaller not bigger.

Market will still be there tomorrow...there is no hurry.
...agree,i was just lucky and frustrated,ussually i dont do this kind of trade
  • #68,145
  • May 28, 2008 12:27pm May 28, 2008 12:27pm
Quoting Teefoo
I agree with you but the cable if break the R1 1.9850 what the another R2 can reach to 2.000?[/left]

well i have 9960 be4 2.0051 and 2.0180

lets see how it plays out
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,146
  • May 28, 2008 12:28pm May 28, 2008 12:28pm
Quoting nAVIN2007
yeah i have ...no point trading when its like this..taking a break and now i think im going to stop trying to get a big move, 20 pips here 20 pips there best way i think ...market is to hectic to go for more than 50 pips at a time
I want to draw you guys attention towards tonight NationWide Housing news will be coming at 2:00 am eastern time that will obviously decide the Cable move. So far the expection would be towards green and if the news would be green then it could easily break 1.9840, monthly pivot and could exceed 1.9900.

If the news would come out in red (which I doubted) then it would follow downtrend to the rest of the London Session towards 1.9650...

So basically tonight UK news would be the king of all the trades in either way..... So be ready to click either buy or sell button.

I want to give you guys hint which I observe in many sessions before news would be coming. This is again my assumption and obervation so don't relie 100% on this.
"When there is a bad "red" news would be coming then the current price during the last hour before the news would be significantly increasing like 20-35 pips easily. And I think that is the best entry point for Shorts because based on the bad news the price would decrease."

And vice versa

"When there is a good "red" news would be coming then the current price during the last hour before the news would be significantly decreasing like 20-35 pips easily. And I think that is the best entry point for Long because based on the good news the price would increase."

So see you guys at Midnight (Central Zone) one hour before the news to get the best entry point for Short and Long positions.
  • #68,147
  • May 28, 2008 12:43pm May 28, 2008 12:43pm
Quoting salah k.
hey man im sorry but i stole ur coin flipping system.

u can sue me this system is gona make me rich so i can afford it
Sweet, i'll sue you for 1/2 of everything you earn, so we'll both be rich
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #68,148
  • May 28, 2008 12:48pm May 28, 2008 12:48pm
Quoting Turveyd
Sweet, i'll sue you for 1/2 of everything you earn, so we'll both be rich
cool bro so i made like -1000 pips
u owe me then 500 pips( 1 lot)

pay up or
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,149
  • May 28, 2008 12:51pm May 28, 2008 12:51pm
Quoting salah k.
no bro actually i did well today but for example i closed my shorts by chance today seriously

there was no clue as to whether it will go up to daily highs
There is never a clue as to where it's going to go, you've got to accept that and move on.

The was a defined down move worth 80pips area.
The bottom @1.9710 was slightly predictable but a gamble to catch and then hold long enough against the trend.
Then @1.9750 on the way up there was a defined uptrend.
When it started to move up fast @1.9775 area, it cleared the 12hour 24hour and loads of others, screaming buy there, but only worth 50pips.

Look for buyers and sellers, if there appears to be more buyers and sellers, wait for a pull back to reduce your risk and get on the long side, if you can keep it that simple you've got it made.


( M1 90sma, 180sma point out the trend spot on today, BB 90,3 also working perfect called the bottom kinda )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #68,150
  • May 28, 2008 1:08pm May 28, 2008 1:08pm
Quoting salah k.
i honestly hope it keeps on ranging till its number comes out
then it would seem like a good sell because im guessing their house prices
hasnt improved
Becareful bro, this pair is moving more technical than fundamental.

My system works great when there is volatile market. For fundamental advice, I read whatever fundamental guys like you said. BUT just to see if there is a compatibility match.

Fundamentals (news) with this pair,a lot of times are priced in, so technical is easier to work with.
  • #68,151
  • May 28, 2008 1:18pm May 28, 2008 1:18pm
Quoting Carrera
Becareful bro, this pair is moving more technical than fundamental.

My system works great when there is volatile market. For fundamental advice, I read whatever fundamental guys like you said. BUT just to see if there is a compatibility match.

Fundamentals (news) with this pair,a lot of times are priced in, so technical is easier to work with.

i dont know bro looks to me like technicals are waiting for a fundamental.

i mean this morning cable was on its way UP towards 2.00 but news on oil and hence dollar strength kicked its ass.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,152
  • May 28, 2008 1:25pm May 28, 2008 1:25pm
Quoting salah k.
i dont know bro looks to me like technicals are waiting for a fundamental.

i mean this morning cable was on its way UP towards 2.00 but news on oil and hence dollar strength kicked its ass.

sal weslak el email?
  • #68,153
  • May 28, 2008 1:29pm May 28, 2008 1:29pm
Quoting warta
sal weslak el email?
yeah
i 4got to see if it finished downloading

thnx i'll check it now
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,154
  • May 28, 2008 1:35pm May 28, 2008 1:35pm
Quoting salah k.
yeah
i 4got to see if it finished downloading

thnx i'll check it now

ok
  • #68,155
  • May 28, 2008 2:05pm May 28, 2008 2:05pm
Quoting Carrera
Becareful bro, this pair is moving more technical than fundamental.

My system works great when there is volatile market. For fundamental advice, I read whatever fundamental guys like you said. BUT just to see if there is a compatibility match.

Fundamentals (news) with this pair,a lot of times are priced in, so technical is easier to work with.
Well the old saying is sell the news, like today the down move into the news was created by the expected new, then the 15min run down was directly caused by the news, then it reversed trapping all of the news traders which like held all the way up cause the news dictates it should go down.

Know when the news is, trade the news time but under NO circumstances, READ the news or form a bias because of it, easy really
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #68,156
  • May 28, 2008 2:07pm May 28, 2008 2:07pm
Quoting asyed4
I want to draw you guys attention towards tonight NationWide Housing news will be coming at 2:00 am eastern time that will obviously decide the Cable move. So far the expection would be towards green and if the news would be green then it could easily break 1.9840, monthly pivot and could exceed 1.9900.

If the news would come out in red (which I doubted) then it would follow downtrend to the rest of the London Session towards 1.9650...

So basically tonight UK news would be the king of all the trades in either way..... So be ready to click either buy or sell button.

I want to give you guys hint which I observe in many sessions before news would be coming. This is again my assumption and obervation so don't relie 100% on this.
"When there is a bad "red" news would be coming then the current price during the last hour before the news would be significantly increasing like 20-35 pips easily. And I think that is the best entry point for Shorts because based on the bad news the price would decrease."

And vice versa

"When there is a good "red" news would be coming then the current price during the last hour before the news would be significantly decreasing like 20-35 pips easily. And I think that is the best entry point for Long because based on the good news the price would increase."

So see you guys at Midnight (Central Zone) one hour before the news to get the best entry point for Short and Long positions.
its a great tip but im out of the news time, seems to be a quickier way for me to lose.....lol
  • #68,157
  • May 28, 2008 2:14pm May 28, 2008 2:14pm
i only made 98 pips this week, i went short at 1.9810, s/l 1.9880, t/p 1.9650.
If I Go Broke Trying Then I Will die happy.
  • #68,158
  • May 28, 2008 2:23pm May 28, 2008 2:23pm
Quoting Moe
i only made 98 pips this week, i went short at 1.9810, s/l 1.9880, t/p 1.9650.
u know what i did today .. a friend gave me a trade call and i didnt even check i just went with it and went in with 0.3 min lot and got screwed...direction went opposite and like a twit i kept moving the stop...


teach me to take short cuts and i realise every1 and any1 lose in this market that why there such a thing as mm
  • #68,159
  • May 28, 2008 2:28pm May 28, 2008 2:28pm
Quoting Moe
i only made 98 pips this week, i went short at 1.9810, s/l 1.9880, t/p 1.9650.

Moe I hope you finally get your cable short trade today

you have been a bear for a long time now and maybe tonights your night
Don't chase the market, Let the market come to you
  • #68,160
  • May 28, 2008 2:33pm May 28, 2008 2:33pm
Quoting Moe
i only made 98 pips this week, i went short at 1.9810, s/l 1.9880, t/p 1.9650.
we still in the middle of the week
u got time to make ur pips
"what doesn't bankrupt me, makes me stronger" modern nietzche
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