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Cable Update (GBPUSD)

  • #73,421
  • Jun 30, 2008 8:05am Jun 30, 2008 8:05am
Quoting 007
damn, got a short 1.9895 with a hope to make some quick bucks base on the break out of consolidation pattern...... but ....... someone did a really nice job to fade the move here...... Could be in the move if I exit the trade early when the first warning sign occur, too bad my hope takes over the common sense..... Btw, pay attention on those 2 level guyz, the top and bottom range of today.....
probably many people returning to uk from the euro coup event, * just a fake move...
  • #73,422
  • Jun 30, 2008 8:06am Jun 30, 2008 8:06am
Quoting nAVIN2007
man i hope that movement up was a retracement..
Believe ur chart bro. This is what we do as chartist.

Currently set SL to entry point +2. Keep on lock lock lock all profit. The GU really scare away all my sleepiness
  • #73,423
  • Jun 30, 2008 8:07am Jun 30, 2008 8:07am
Quoting 007
damn, got a short 1.9895 with a hope to make some quick bucks base on the break out of consolidation pattern...... but ....... someone did a really nice job to fade the move here...... Could be in the move if I exit the trade early when the first warning sign occur, too bad my hope takes over the common sense..... Btw, pay attention on those 2 level guyz, the top and bottom range of today.....
I hoped the news would move the market down last week too, if you bring HOPE into the equation then don't even bother to trade.

Tis strange you'd expect some hope trades to win occasionally, but no NEVER!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #73,424
  • Jun 30, 2008 8:08am Jun 30, 2008 8:08am
Now is the time for Big Boys to book the their profit. GBP will continue to strengthen as they close their Short trade.
  • #73,425
  • Jun 30, 2008 8:10am Jun 30, 2008 8:10am
Quoting fxfei
Now is the time for Big Boys to book the their profit. GBP will continue to strengthen as they close their Short trade.
What? Don't think Big Boys would close their trades for 20-40 pips. They would go for hundreds of pips ..
  • #73,426
  • Jun 30, 2008 8:10am Jun 30, 2008 8:10am
Guys, what is next support level ? can we short from here to 890 ?
  • #73,427
  • Jun 30, 2008 8:11am Jun 30, 2008 8:11am
Quoting Abuawad
Cleaning some Stop loss
Hi guy. Nice to see you. Looks like still move in the unknown area ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #73,428
  • Jun 30, 2008 8:12am Jun 30, 2008 8:12am
Quoting mphpopular
Bro, can show me the link? I muz know this. Avoid this next time..... Or it was juz a joke? Sorry ya, not a good english -er
No joke it was on CNBC Market. I dont have a link to a web site that might have comodity data. There was more than predicted so More supply than demand = falling dollar I guess.
Don't Get Bitter, Get Better
  • #73,429
  • Jun 30, 2008 8:13am Jun 30, 2008 8:13am
Quoting mktjong
What? Don't think Big Boys would close their trades for 20-40 pips. They would go for hundreds of pips ..

Yes. I agree. Big Boys shorted GBP since March. All need to book profit as today is the last trading day of 2008 First Half. Shorts recovery will push GBP above 2.000.
  • #73,430
  • Jun 30, 2008 8:14am Jun 30, 2008 8:14am
GJ juz climb insanely over the DT channel. Wao, what should i say....

GU hit SL. +2 pips. Haiz. Gonna sleep now. Blur @.@
  • #73,431
  • Jun 30, 2008 8:15am Jun 30, 2008 8:15am
Quoting manize
Hi guy. Nice to see you. Looks like still move in the unknown area ?
yeah cable still playing in that area till now, i hope it'll go down for today, i need to cover the last week i take it off
  • #73,432
  • Jun 30, 2008 8:25am Jun 30, 2008 8:25am
Quoting Abuawad
yeah cable still playing in that area till now, i hope it'll go down for today, i need to cover the last week i take it off
I choose no trade, watching the situation after closed for a half of target before jump up. Happy trade friend !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #73,433
  • Jun 30, 2008 8:42am Jun 30, 2008 8:42am
GU +31 for short.
open 1.9933
close 1.9903
already get rid all open positions, GU to wild.
enough for today thanks all..
  • #73,434
  • Jun 30, 2008 8:47am Jun 30, 2008 8:47am
Have we got tweesers forming on 1H!?
  • #73,435
  • Jun 30, 2008 9:00am Jun 30, 2008 9:00am
it will break or bounce again?still watching...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 122 KB
  • #73,436
  • Jun 30, 2008 9:07am Jun 30, 2008 9:07am
  •  007
  • | Joined Jun 2007 | Status: "Undisciplined Trader" | 49 Posts
Quoting hemal011
Guys, what is next support level ? can we short from here to 890 ?
definitely it's not good decision to either short or long here after a move like this even though these move is favorable for the bull........ these move tends to lose its momentum and pull back near the top then pretty much ranging........where you will find a opportunity to go long at the top (resistance level) with a stop loss below the range if price resume its upward momentum...... however you will only short if price fall back to the previous support with a stop loss a above the top....... take a look at my chart ....
Attached Image (click to enlarge)
Click to Enlarge Name: 30-06-2008 10-02-46 PM.png Size: 28 KB
  • #73,437
  • Jun 30, 2008 9:19am Jun 30, 2008 9:19am
actually i think it looking good for short.. rseistance up above is tested 5 times at least now....it should make its way down now and this time might break it....as above is tough

and news is bad can only help i think
long shadows facing the resistance too
  • #73,438
  • Jun 30, 2008 9:26am Jun 30, 2008 9:26am
DAMN, I got tag teamed by two Tricks. This is the first time all year that this has happend (Jan 1, 2008 - today) I didnt see this coming at all. The market violated both of my targets and ran away right after. I thought I wasnt gonna have to slap a hoe today, but now I gots to slap two of them. Thank God for my SL. This ranging BS is not whats up. Pimpin damn show aint easy. But the GAME must go on I got too much money to make and this Money Bin is gonna get filled come hell or high water.
Don't Get Bitter, Get Better
  • #73,439
  • Jun 30, 2008 9:27am Jun 30, 2008 9:27am
Quoting nAVIN2007
actually i think it looking good for short.. rseistance up above is tested 5 times at least now....it should make its way down now and this time might break it....as above is tough

and news is bad can only help i think
long shadows facing the resistance too
I also think looking good for shorts.
I closed out an earlier short for pos 45 pips.
Also holding one from last week at 1.9825.
Lets see what happens in next few hours.
Happy trading all
  • #73,440
  • Jun 30, 2008 9:28am Jun 30, 2008 9:28am
Whole days trading and we back in the range we started with today!?
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