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Cable Update (GBPUSD)

  • #70,261
  • Jun 12, 2008 1:08am Jun 12, 2008 1:08am
Quoting eohater
hmmm...new short opp if we break 1.9570...or long if we break 1.9590...:nerd:
Not my type of set up for a trade. The short will have some resistance around 1.9530 and the long around 1.9620. News starts to come out in a couple of hours and the whip saw could begin. Patience til the next set up.

Good luck to anyone in or getting into a trade!
Just digging in the trenches like everyone else!
  • #70,262
  • Jun 12, 2008 1:17am Jun 12, 2008 1:17am
Quoting Moe
go to this thread, im gonna get a lot of slack for this one.

http://www.forexfactory.com/showthre...06#post2050806
http://smileys.smileycentral.com/cat/36/36_11_6.gif

Moe that sounds like a "lekker" (great) life man. I think I must start trading properly now so I can come and join you. But this is what my wife will do!!
http://smileys.smileycentral.com/cat/10/10_1_103v.gif




http://www.smileycentral.com/sig.jsp...p=ZNxpt407YYZA
  • #70,263
  • Jun 12, 2008 1:22am Jun 12, 2008 1:22am
good one Runway Trade
If I Go Broke Trying Then I Will die happy.
  • #70,264
  • Jun 12, 2008 1:29am Jun 12, 2008 1:29am
  •  Trader#0000
  • | Status: Unregistered Trader
Anyone short here?
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr gb$.jpg Size: 185 KB
  • #70,265
  • Jun 12, 2008 1:32am Jun 12, 2008 1:32am
Quoting datogio
Try www.poltekfx.com
do you use poltekfx?
  • #70,266
  • Jun 12, 2008 1:50am Jun 12, 2008 1:50am
Quoting jest1081
Looking at it objectively, i'd note that the drop is during asia. Note that asia is trying to cover the opening day gap. All expectations are met.

Im not sure if Europe wanna follow the same grace. We may see some support building up from here to 550 area onwards.

Slew of US data will come out today and note that Ben will speak later too. Prices will go wild, but i suspect the parade has ended, wonder how long Ben can continue talking up the USD.
looks like the first impulse for europe is to kill the mocking bird.
  • #70,267
  • Jun 12, 2008 1:55am Jun 12, 2008 1:55am
IM IN SHORT WITH 40PIPS GREEN
  • #70,268
  • Jun 12, 2008 1:59am Jun 12, 2008 1:59am
these attempt to go down are worrying...could we break this blasted support??
  • #70,269
  • Jun 12, 2008 1:59am Jun 12, 2008 1:59am
my trades
GU: short 1.9563
EU: short 1.5429
any ideas? on demo anyway...
  • #70,270
  • Jun 12, 2008 2:06am Jun 12, 2008 2:06am
Quoting jest1081
Looking at it objectively, i'd note that the drop is during asia. Note that asia is trying to cover the opening day gap. All expectations are met.

Im not sure if Europe wanna follow the same grace. We may see some support building up from here to 550 area onwards.

Slew of US data will come out today and note that Ben will speak later too. Prices will go wild, but i suspect the parade has ended, wonder how long Ben can continue talking up the USD.
he only talked the dollar up on one occasion
plus he already talked it down for almost 7 months.
and we all know when he puts something in his mind that means he puts something in his mind
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #70,271
  • Jun 12, 2008 2:06am Jun 12, 2008 2:06am
im getting sick watching this shit, my system gave me a sell entry that was to high, it happnes sometime. the drop came earlier then i expected
If I Go Broke Trying Then I Will die happy.
  • #70,272
  • Jun 12, 2008 2:09am Jun 12, 2008 2:09am
major cable supports today
tuesday's low: 9490
and the prrevious unbroken support of 9460

if broken cable will continue bearish
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #70,273
  • Jun 12, 2008 2:11am Jun 12, 2008 2:11am
Quoting Moe
im getting sick watching this shit, my system gave me a sell entry that was to high, it happnes sometime. the drop came earlier then i expected
hey MOE u gotta leave some pips to other people plus i dont think any1 expected this drop
i sure as hell was surprised.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #70,274
  • Jun 12, 2008 2:11am Jun 12, 2008 2:11am
damn london just open and these pairs move over 150 pips all ready.
If I Go Broke Trying Then I Will die happy.
  • #70,275
  • Jun 12, 2008 2:13am Jun 12, 2008 2:13am
Quoting fifo
down limit T3 1.9562, not 9462?
Opppps Sorry
  • #70,276
  • Jun 12, 2008 2:14am Jun 12, 2008 2:14am
Quoting John Lo
close above 1.9625, next position should be Short ?
close below 1.9625, next position should be Long ?
Is this what you mean?
Hi Moe,

Though I'd pop my head back into this forum after a long time.
Was very impressed by the above trade call, but wondered what reasons you had for making 1.9625 a pivotal point and why you called the opposite to what most of us would think, i.e. price going above = sell, price going below = buy.

Here's hoping you can educate me.

Thanks

Simon
If it's too good to be true, it probably is.
  • #70,277
  • Jun 12, 2008 2:14am Jun 12, 2008 2:14am
Quoting Moe
if price hold above 1.9625, then were heading back down to 1.9500 area.
the only thing surpise me salah k was how early the drop came.
If I Go Broke Trying Then I Will die happy.
  • #70,278
  • Jun 12, 2008 2:16am Jun 12, 2008 2:16am
Good day all , 1.9400 looks quite achievable for today.
  • #70,279
  • Jun 12, 2008 2:17am Jun 12, 2008 2:17am
Quoting Moe
the only thing surpise me salah k was how early the drop came.
yeah i quit on the last long yesterday ....as i dont think that going higher yesterday was going to happen....might break this support today, since we drop b4 9am
  • #70,280
  • Jun 12, 2008 2:19am Jun 12, 2008 2:19am
Quoting SimonK
Hi Moe,

Though I'd pop my head back into this forum after a long time.
Was very impressed by the above trade call, but wondered what reasons you had for making 1.9625 a pivotal point and why you called the opposite to what most of us would think, i.e. price going above = sell, price going below = buy.

Here's hoping you can educate me.

Thanks

Simon
it will be hard for me to explain becuse my system was pre-build by me a long time ago, the system has pre-define trade set ups that i backtested and program it into my system, so what my system is seeing is something i program years ago so i can't say why it gave me that number, all i do is enter the end of day data in it, and sometime i do it early just to see what it gives me.
If I Go Broke Trying Then I Will die happy.
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