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Cable Update (GBPUSD)

  • #73,661
  • Jul 1, 2008 3:38am Jul 1, 2008 3:38am
Quoting tetis
i am still on my first short and another short on top1.9995
lot 1 +31 at 1.9954
lot 2 still short...
lock and load..
  • #73,662
  • Jul 1, 2008 3:38am Jul 1, 2008 3:38am
Time to go short i guess...

so who is gonna sell Cable?
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Keep Learning and you'll get what you want...
  • #73,663
  • Jul 1, 2008 3:41am Jul 1, 2008 3:41am
LOL, I'm gonna scalp this thing riding all the way down to 1.9900
  • #73,664
  • Jul 1, 2008 3:42am Jul 1, 2008 3:42am
Kept my nice "Short" entry point...

Of 1.9978
Then,
Navin, i hear you... i went long!

Trend was down"ish" the day before,
Despite this latest 'run @the 2.0000 Windmill.

'Should've known to stay short, -despite the Price Action.
This is like "Ping Pong"! !

Now What's she doing? !
I will work to Objectively Identify my Edges
  • #73,665
  • Jul 1, 2008 3:42am Jul 1, 2008 3:42am
then again I could be really wrong, 1.9930
Trade Like a Robot make money Like a Bank
  • #73,666
  • Jul 1, 2008 3:42am Jul 1, 2008 3:42am
Quoting fransisco
lot 1 +31 at 1.9954
lot 2 still short...
lock and load..

i hope you find your 69 pips
  • #73,667
  • Jul 1, 2008 3:43am Jul 1, 2008 3:43am
moe are you there? wake up man...
something hapening at cable
Keep Learning and you'll get what you want...
  • #73,668
  • Jul 1, 2008 3:43am Jul 1, 2008 3:43am
Doesn't anybody watch the news, CNBC Worldwide Exchange?
Don't Get Bitter, Get Better
  • #73,669
  • Edited 3:56am Jul 1, 2008 3:43am | Edited 3:56am
Quoting mmccormac
I'm sure there is but I wouldn't know where to find it (google mabye). That blurb just shot across one of my brokers (Oanda) news feeds and that's the only reason I knew.

It said: UK CIPS June Manufacturing PMI 45.8, LOWEST SINCE DEC 2001
if its the lowest the the ecomony of UK is in hard times ...so why is the pound looking so bullish ...i know it all referenced to USD but its still high at 1.99..going to 2.04 level seems rediculious
  • #73,670
  • Jul 1, 2008 3:47am Jul 1, 2008 3:47am
Quoting nAVIN2007
if its the lowest the the ecomony of UK is in hard times ...so why is the pound looking so bullish ...i know it all referenced to USD but its still high at 2.99..going to 2.04 level seems rediculious
Give it some time, a couple of hours, give or take... USD is pretty weak at the moment but it's turning around.
  • #73,671
  • Jul 1, 2008 3:47am Jul 1, 2008 3:47am
Looks like GJ...

Is making some kinda sense,
To the downside. We'll See...? What a mixed bag of nuts today.
I will work to Objectively Identify my Edges
  • #73,672
  • Jul 1, 2008 3:47am Jul 1, 2008 3:47am
me too short gu at 1.9980..hopefully it will go down to 1.9900 before heading back up
  • #73,673
  • Jul 1, 2008 3:50am Jul 1, 2008 3:50am
Quoting Subdude
Give it some time, a couple of hours, give or take... USD is pretty weak at the moment but it's turning around.

bottom of channel ...but looks as if it maybe gaining strength
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  • #73,674
  • Jul 1, 2008 3:51am Jul 1, 2008 3:51am
, ok back to bed.
If I Go Broke Trying Then I Will die happy.
  • #73,675
  • Jul 1, 2008 3:52am Jul 1, 2008 3:52am
Quoting nAVIN2007
if its the lowest the the ecomony of UK is in hard times ...so why is the pound looking so bullish ...i know it all referenced to USD but its still high at 2.99..going to 2.04 level seems rediculious
In my opinion the UK economy (and many others) will follow the US and be on the decline for some time. The question is will the US economy stabalize while the UK and others are falling or will the US keep pace with what it's been doing.

The US has it's Manf. number coming out in the morning... If it comes out as expected or better then expected then the GU should continue to fall tomorrow and possibly down to the 9800 range.

As far as when the USD will get some value... Well that's up to the charts and I will just trade what's there.
  • #73,676
  • Jul 1, 2008 3:52am Jul 1, 2008 3:52am
Good Grief...

GJ has to walk GU by the hand over the cliff...?
And tell her were she truely stands?

This is like blind leading the blind ever so slightly,
w/such "Bad" fundamental #'s!
I will work to Objectively Identify my Edges
  • #73,677
  • Jul 1, 2008 3:52am Jul 1, 2008 3:52am
We could see some pullback maybe to 1,9980 area, but if cable brek point B then i think short all the way.
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  • #73,678
  • Edited 3:55am Jul 1, 2008 3:53am | Edited 3:55am
If you plot a 5 EMA, and 10 EMA, and 20 EMA on 4HR chart, you can see the cable has punctured through 5 and 10 various time, but bounces off the 20 EMA and continues to trend up. So I get 1.9930 as first level at the 10 EMA. This may happen for you all that are shorting, but we are in a prevailing trend up.
Trade Like a Robot make money Like a Bank
  • #73,679
  • Jul 1, 2008 3:54am Jul 1, 2008 3:54am
If the isreali's don't threaten iran we could see 1.9800
  • #73,680
  • Jul 1, 2008 3:57am Jul 1, 2008 3:57am
Quoting pepper
If the isreali's don't threaten iran we could see 1.9800
Ha! Is that in the mix today too?-?
I will work to Objectively Identify my Edges
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