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Cable Update (GBPUSD)

  • #69,081
  • Jun 4, 2008 7:30am Jun 4, 2008 7:30am
Quoting MasAdhi
wow moe's back.......welcome............:
somthing wrong with my gadget?
Keep Learning and you'll get what you want...
  • #69,082
  • Jun 4, 2008 7:34am Jun 4, 2008 7:34am
bullish sequential divergence patterns 30min 1hr at the lows,...any one thinking this may be a potential 'sell zone ' support becomes resistance potential there re previous 4hr swing lows
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.gif Size: 9 KB
ex member
  • #69,083
  • Jun 4, 2008 7:35am Jun 4, 2008 7:35am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting Galeforce 10
I closed my position with a small loss, -22 pips. ADP was not what I predicted.

Will be looking for a better entry long as price drifts lower.
They're going to have to come and take me out. I'm not changing my trading plan. Equity management is fine for the trade so if I'm stopped out it doesn't matter in the grand scheme of things. Also got a Euro trade that seems pretty stubborn from yesterday, but again MM is fine so bring it on!!!
"Wishful thinking dies hard." Igor T.
  • #69,084
  • Jun 4, 2008 7:39am Jun 4, 2008 7:39am
Quoting MasAdhi
somthing wrong with my gadget?
lol, what the hell wrong with this pair.
If I Go Broke Trying Then I Will die happy.
  • #69,085
  • Jun 4, 2008 7:43am Jun 4, 2008 7:43am
Quoting Moe
lol, what the hell wrong with this pair.
teasing like usual
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,086
  • Jun 4, 2008 7:46am Jun 4, 2008 7:46am
Quoting salah k.
teasing like usual

sal am north
  • #69,087
  • Jun 4, 2008 7:48am Jun 4, 2008 7:48am
Quoting Moe
lol, what the hell wrong with this pair.
it's expected to act that way.
although the good news for USD and the bad news for GBP, but it will still go up

we will not see 9450 today.
  • #69,088
  • Jun 4, 2008 7:48am Jun 4, 2008 7:48am
Fundamentally we should be 50 to 100 points down by now.
  • #69,089
  • Jun 4, 2008 7:53am Jun 4, 2008 7:53am
ADP report has become known as 'Another Dreadful Projection' after their record of continually under/overstaing the actual NFP by an average of 71k over the last 9mths....so report a bit discredited
ex member
  • #69,090
  • Jun 4, 2008 7:57am Jun 4, 2008 7:57am
Quoting warta
sal am north
we have been ranging for more than 5 hours
but if i wanted in i would go north for scalping because dollar should retrace

for now i will wait a bit bernanke is usually the most important market mover.

all the best bro
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,091
  • Jun 4, 2008 8:02am Jun 4, 2008 8:02am
Sorry all my Bad for the range first day I've had to trade and not 1 nice looking trade yet, yes i'm regretting not playing the range numerous times, but it's always easy to see after the affect.

Market should be wild tommorow and dead friday
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #69,092
  • Jun 4, 2008 8:04am Jun 4, 2008 8:04am
Quoting salah k.
we have been ranging for more than 5 hours
but if i wanted in i would go north for scalping because dollar should retrace

for now i will wait a bit bernanke is usually the most important market mover.

all the best bro
something is about to happen, this could be an intresting ride.
If I Go Broke Trying Then I Will die happy.
  • #69,093
  • Jun 4, 2008 8:05am Jun 4, 2008 8:05am
im off to the office, may the pips be with all of you and good luck
If I Go Broke Trying Then I Will die happy.
  • #69,094
  • Jun 4, 2008 8:08am Jun 4, 2008 8:08am
most of the banks sticking with a -65 to -80k forecast re NFP, but acknowledging upside risks re ADP, Lehman Bros calling it 'puzzling' but then I bet there is a lot puzzling them atm.
ex member
  • #69,095
  • Jun 4, 2008 8:10am Jun 4, 2008 8:10am
Quoting Moe
something is about to happen, this could be an intresting ride.
Big Ben spoke yesterday and took us all for a nice drop. Heads up, I say he cannot do it again. Long at 1.9563... Lets see. happy trading all
  • #69,096
  • Jun 4, 2008 8:10am Jun 4, 2008 8:10am
Quoting Moe
something is about to happen, this could be an intresting ride.
I've just had a callout so no more watching paint dry for me, and you could be right
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #69,097
  • Jun 4, 2008 8:13am Jun 4, 2008 8:13am
anyone still long???
  • #69,098
  • Jun 4, 2008 8:15am Jun 4, 2008 8:15am
Quoting salah k.
we have been ranging for more than 5 hours
but if i wanted in i would go north for scalping because dollar should retrace

for now i will wait a bit bernanke is usually the most important market mover.

all the best bro
same bro
  • #69,099
  • Jun 4, 2008 8:16am Jun 4, 2008 8:16am
Quoting B@by trader
anyone still long???
i am still long since this morning,
however, i only use 2% in my trades, so low risk for me now
  • #69,100
  • Jun 4, 2008 8:31am Jun 4, 2008 8:31am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting B@by trader
anyone still long???
I'm still long. The lows need to be broken for me not to be long right now.
"Wishful thinking dies hard." Igor T.
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