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Cable Update (GBPUSD)

  • #68,501
  • May 30, 2008 7:39am May 30, 2008 7:39am
Quoting pepper
Trading the pound lately takes a special kind of skill with a lot of luck.
:nerd: Actualy is been easy. When ranging you just follow the Fibo and S & R lines and that's it. Stay in that range and you make pips.
  • #68,502
  • May 30, 2008 7:40am May 30, 2008 7:40am
Quoting micho
When will the cable be replaced by the euro?
never
If I Go Broke Trying Then I Will die happy.
  • #68,503
  • May 30, 2008 7:43am May 30, 2008 7:43am
Where have you been Moe? Need you to move the cable car.
Expected the unexpected
  • #68,504
  • May 30, 2008 8:02am May 30, 2008 8:02am
Quoting scyang
Where have you been Moe? Need you to move the cable car.
just close my short from 9800 at 9688, im done for the week, what a good week to be trading after a slow start.
If I Go Broke Trying Then I Will die happy.
  • #68,505
  • May 30, 2008 8:05am May 30, 2008 8:05am
mabe we hit 9660
If I Go Broke Trying Then I Will die happy.
  • #68,506
  • May 30, 2008 8:05am May 30, 2008 8:05am
Quoting Moe
just close my short from 9800 at 9688, im done for the week, what a good week to be trading after a slow start.
Getting it right is NOT as important as not getting it wrong.
  • #68,507
  • May 30, 2008 8:07am May 30, 2008 8:07am
Quoting Moe
just close my short from 9800 at 9688, im done for the week, what a good week to be trading after a slow start.
Trading is 80% Emotional, 20% Technical
  • #68,508
  • May 30, 2008 8:08am May 30, 2008 8:08am
next week we start a new month, we had a rough 5 month's of trading lets hope the next 7 month's we see strong trend's and none of this choopy BS.
If I Go Broke Trying Then I Will die happy.
  • #68,509
  • May 30, 2008 8:08am May 30, 2008 8:08am
Quoting Moe
just close my short from 9800 at 9688, im done for the week, what a good week to be trading after a slow start.
Yes, it paid off to be patient. Still trailing with locked profit of +103 pips. Nice weekend to all
  • #68,510
  • May 30, 2008 8:09am May 30, 2008 8:09am
The pair remains in a bearish channel.
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  • #68,511
  • May 30, 2008 8:11am May 30, 2008 8:11am
ok guys im out, enjoy your weekend and drink one for me, later
If I Go Broke Trying Then I Will die happy.
  • #68,512
  • May 30, 2008 8:22am May 30, 2008 8:22am
Quoting scyang
Where have you been Moe? Need you to move the cable car.
Moe is here.Moe im still have short and my target is 196.50 or even lower with 30lot.so a pip worth 30$ for me so I think we need something bigger than car and roller coaster.Maybe we need a train.
  • #68,513
  • Edited 8:43am May 30, 2008 8:32am | Edited 8:43am
Ok, I'm out of patience for this week / month.
I've closed all my shorts (1.9841 and 1.9768) at 1.9696.

Flat now, and going for big week-end fun
Have a great week-end all.

Quoting Moe
ok guys im out, enjoy your weekend and drink one for me, later
Have fun, see you next week
Getting it right is NOT as important as not getting it wrong.
  • #68,514
  • May 30, 2008 8:58am May 30, 2008 8:58am
Quoting Moe
just close my short from 9800 at 9688, im done for the week, what a good week to be trading after a slow start.
welldone man ...very impressed with yur patience bro, u deserve the pips u made. U holding this position for so long is an example of yur strength of mind

good job...
  • #68,515
  • May 30, 2008 9:00am May 30, 2008 9:00am
Quoting B@by trader
Moe is here.Moe im still have short and my target is 196.50 or even lower with 30lot.so a pip worth 30$ for me so I think we need something bigger than car and roller coaster.Maybe we need a train.

a target of 1.96.50 will hit next week if lucky...

cable been in a channel all week..the lows are getting lower and highs are shrinking
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  • #68,516
  • May 30, 2008 9:13am May 30, 2008 9:13am
Nice work there Moe, set and forget has it's advantages hey.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #68,517
  • May 30, 2008 10:20am May 30, 2008 10:20am
The support around 1.9700 has been pretty good this week.
  • #68,518
  • May 30, 2008 10:39am May 30, 2008 10:39am
I am starting to build shorts.
Entered at 1.9765, 1.9780
More entries at 1.9799 (weekly central) and if we get there -1.9830 (daily R1)
The pair is nearing the top of the bearish channel, these last Friday hours are a good opportunity to position ourselves for a drop on Sunday
"Luxury is one of the basic needs", (c), Don Corleone
  • #68,519
  • May 30, 2008 10:41am May 30, 2008 10:41am
Quoting pepper
The support around 1.9700 has been pretty good this week.
absolutely.....makes me wonder which way is expected to break ....but it is making lower lows where as the high are becoming less also ..

weekly suggest bullish outbreak but 1.9851 needs to break first i think
  • #68,520
  • May 30, 2008 10:42am May 30, 2008 10:42am
Closed my Long Trades @ 1.9786 now with the London closing and most likely is Lunch time profit taking.

Looking at price going down till closing time. Could be a good time to place new Long Trades to 2.0135

Daily Pivot around 1.9750 could be a nice bounce level.
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