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Cable Update (GBPUSD)

  • #71,981
  • Jun 23, 2008 10:08am Jun 23, 2008 10:08am
Quoting de123
thanks,..i can replace him guys,...come on cable drop to 1.9550,...
why 1.9550?
  • #71,982
  • Jun 23, 2008 10:09am Jun 23, 2008 10:09am
but i still find that it will go down to 1.9577 today..

Quoting manize
You may right. Looks like you take a long on around 1.9600 ?
  • #71,983
  • Jun 23, 2008 10:10am Jun 23, 2008 10:10am
Quoting Abuawad
Hi,
Sorry i'm late in posting this data. yeasterday and just after the major news impact i recive a call from the office for urgent issue, and i just come home now at 5:00 Am " in the office from 12:00 pm".
happy trading.
i miss the action that happen yesterday sorry for that, 100 pip jump with less than 1 min. but thinking on the other hand what if i was in short position that mean -100 pip. so 0 pip better than -.

Hi Abuawad,

I asked before about few missing lines at the bottom of your posted table. Could you re-write it please.

Many Thanks,
  • #71,984
  • Jun 23, 2008 10:11am Jun 23, 2008 10:11am
Quoting shengster
why 1.9550?
i am kiding,...i go on a shower, and when come back i wont sl to be hit, or lows to hold...still holding longs,..but dailly S is at 1.9466,..so i dont think ill be holding it that way down...long cable long...
its just money
  • #71,985
  • Jun 23, 2008 10:13am Jun 23, 2008 10:13am
So it looks like I was right about last week not being a break to the upside but simply the top of the channel and a great shorting point. I wasn't alone as a few longer period lurkers came out of the shadows to say the same

Not that that I am one of the crowers you understand

The lesson is that the top of the channel is a great place to short until the break up point comes when the stoploss should take care of it

If the pattern hits the top of the channel 5 times before it breaks up, we should be able to make money just on the channel indicator alone without looking for dojis sat on candles with their pants on fire

I like the look of the daily charts rather than intra day and being on pacific time, long period betting is the way to go for me
  • #71,986
  • Jun 23, 2008 10:19am Jun 23, 2008 10:19am
Quoting John Lo
but i still find that it will go down to 1.9577 today..
Currently still 11.15 AM ET ! He said on 12.00. So maybe right maybe wrong !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #71,987
  • Jun 23, 2008 10:31am Jun 23, 2008 10:31am
Quoting de123
i am kiding,...i go on a shower, and when come back i wont sl to be hit, or lows to hold...still holding longs,..but dailly S is at 1.9466,..so i dont think ill be holding it that way down...long cable long...
last mesage for today,..to all shorters,..lock any profit, because uk will vote for rate hike,..ppl need money for holidays,...p.s. this will fly to 3.0 in no time...
its just money
  • #71,988
  • Jun 23, 2008 10:49am Jun 23, 2008 10:49am
i went long at 1.9660 as usal to early ...oh well .at least its looking long now ..after returning from work..
  • #71,989
  • Jun 23, 2008 10:49am Jun 23, 2008 10:49am
Quoting de123
last mesage for today,..to all shorters,..lock any profit, because uk will vote for rate hike,..ppl need money for holidays,...p.s. this will fly to 3.0 in no time...
Been looking on rightmove dot com at UK house prices and rentals.
Forget the media hype - the UK is still in business big style

A crummy semi -detached house (duplex?) with a 6 foot wide driveway with weeds growing on it will still cost $600k in the North of England in a decent area

Don't send food parcels to England and don't think the economy looks like Brown's face

It's election time soon though - hum......
  • #71,990
  • Jun 23, 2008 10:50am Jun 23, 2008 10:50am
Quoting de123
last mesage for today,..to all shorters,..lock any profit, because uk will vote for rate hike,..ppl need money for holidays,...p.s. this will fly to 3.0 in no time...
if it flies to 3 i will turn into a lesbian
  • #71,991
  • Jun 23, 2008 10:53am Jun 23, 2008 10:53am
LOL, you so funny bro, but it is more is very possible to fly over 2.02 in the coming weeks.
  • #71,992
  • Jun 23, 2008 10:53am Jun 23, 2008 10:53am
  •  007
  • | Joined Jun 2007 | Status: "Undisciplined Trader" | 49 Posts
I think Cable still trading pretty much choppy and ranging hence any sell_off could provide a good opportunity to take the counter trade......
Attached Image (click to enlarge)
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  • #71,993
  • Jun 23, 2008 10:57am Jun 23, 2008 10:57am
Quoting nAVIN2007
if it flies to 3 i will turn into a lesbian

2 hers playing hymns without an organ
  • #71,994
  • Jun 23, 2008 11:04am Jun 23, 2008 11:04am
just went long at 1.9610, feeling pretty confident
  • #71,995
  • Jun 23, 2008 11:06am Jun 23, 2008 11:06am
all aboard for 1.97 and then jump off just before
  • #71,996
  • Jun 23, 2008 11:11am Jun 23, 2008 11:11am
looks like my guess is about right, it is no 12:10ET and it is 1.9614, a bid slower than I expected. Hopefully it will get it there before NY session closed
  • #71,997
  • Jun 23, 2008 11:45am Jun 23, 2008 11:45am
Quote
Originally posted by nAVIN2007
if it flies to 3 i will turn into a lesbian
  • #71,998
  • Jun 23, 2008 12:18pm Jun 23, 2008 12:18pm
Quoting nAVIN2007
if it flies to 3 i will turn into a lesbian
Then you will be really fortunate - all that money from the long trade - your own Harley and the fuddled guys still buy you drinks - and you can hang out in the lady's room without getting arrested - and no paternity suites - no pressure to get married - you can get a crap haircut and still be attractive to the target group - never get your todger caught in your zip - and you can sue the boss for discrimination when you get fired - the advantages go on and on

come on 3.0000
  • #71,999
  • Jun 23, 2008 12:26pm Jun 23, 2008 12:26pm
Quoting allserene
Then you will be really fortunate - all that money from the long trade - your own Harley and the fuddled guys still buy you drinks - and you can hang out in the lady's room without getting arrested - and no paternity suites - no pressure to get married - you can get a crap haircut and still be attractive to the target group - never get your todger caught in your zip - and you can sue the boss for discrimination when you get fired - the advantages go on and on

come on 3.0000
yes definately got advantages....we moving toward 3 right now..good sign
this is moving quite well....
  • #72,000
  • Edited 12:46pm Jun 23, 2008 12:36pm | Edited 12:46pm
Ah, starting to really like Mondays

My TS just got hit for my shorts from 1.9740 and .9780.

So thats 96 pips & 136 pips.

now i'm just waiting for another good entry, I still believe the cable is headed south. I'm thinking a retracement to the 1.9710-30 area would be a good entry, but i'll have to watch and see.

Cheers
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