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Cable Update (GBPUSD)

  • #74,041
  • Jul 2, 2008 3:57am Jul 2, 2008 3:57am
my long s/l got hit i was holding, now im short till 1.9760.
If I Go Broke Trying Then I Will die happy.
  • #74,042
  • Jul 2, 2008 3:58am Jul 2, 2008 3:58am
Quoting elmondello
Hello,
I am a relatively new trader, so please forgive my (vast) ignorance...
The GBP has slipped noticeably against the USD in a small amount of time, now trading 'round 1.9870's - would this be a good time to buy the pounds, and perhaps profit off of a light gain against the dollar in the next few hours?...
I think >>> if we break 1.9860 we'll go to 1.9803 and it will not be the end i'll be with my short till 1.9770 ... may be I'm rong but that what I see
If you count on hope in any trade ……. Get out of it
  • #74,043
  • Jul 2, 2008 3:58am Jul 2, 2008 3:58am
Quoting micho
please hold please hold
oopsie!!! LOL
  • #74,044
  • Jul 2, 2008 3:58am Jul 2, 2008 3:58am
Quoting Moe
my long s/l got hit i was holding, now im short till 1.9760.
U the man!!!!
  • #74,045
  • Jul 2, 2008 3:59am Jul 2, 2008 3:59am
Quoting mandoaddam
I think >>> if we break 1.9860 we'll go to 1.9803 and it will not be the end i'll be with my short till 1.9770 ... may be I'm rong but that what I see
If I Go Broke Trying Then I Will die happy.
  • #74,046
  • Jul 2, 2008 4:00am Jul 2, 2008 4:00am
Quoting Moe
my long s/l got hit i was holding, now im short till 1.9760.
hard luck Moe.
i wish your short earns as much as you want it to do.
that 50% fibo,
do you expect that we will reach it today?
  • #74,047
  • Jul 2, 2008 4:01am Jul 2, 2008 4:01am
Quoting Moe
my long s/l got hit i was holding, now im short till 1.9760.
i did that moe..it break 1.9760
  • #74,048
  • Jul 2, 2008 4:02am Jul 2, 2008 4:02am
Hey Moe, Riding this with you...what should be the S/L ?
  • #74,049
  • Jul 2, 2008 4:05am Jul 2, 2008 4:05am
The Services PMI is apparently supposed to have a significant impact on the GBP, was wondering what kind of trades people were putting through ahead of this data (as well as the Halifax data)...
  • #74,050
  • Jul 2, 2008 4:14am Jul 2, 2008 4:14am
We are now on weekly pivot point @ 1,9855 and morning star is forming.
  • #74,051
  • Jul 2, 2008 4:17am Jul 2, 2008 4:17am
Quoting magictrader
We are now on weekly pivot point @ 1,9855 and morning star is forming.
What you say is all very well... could you please explain what you mean?, i have much to learn (obviously), and was wondering if you had the patience...
  • #74,052
  • Jul 2, 2008 4:23am Jul 2, 2008 4:23am
Quoting B@by trader
maybe food for thought
Ive told you!!!now 150pips drop anyone get tht im still shorting.and I heard MOE investment also short.whts your target MOE?anyone?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 53 KB
  • #74,053
  • Jul 2, 2008 4:23am Jul 2, 2008 4:23am
I think if that candle will close like this in half an hour, we could see some up move waiting for bad US data, signal could be stronger because of weekly pivot.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_weeklypp.GIF Size: 13 KB
  • #74,054
  • Jul 2, 2008 4:31am Jul 2, 2008 4:31am
my target 1.9760,
If I Go Broke Trying Then I Will die happy.
  • #74,055
  • Jul 2, 2008 4:32am Jul 2, 2008 4:32am
Quoting B@by trader
Ive told you!!!now 150pips drop anyone get tht im still shorting.and I heard MOE investment also short.whts your target MOE?anyone?
Mow target the 50% daily fibo at 760
  • #74,056
  • Jul 2, 2008 4:33am Jul 2, 2008 4:33am
Ride it down !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #74,057
  • Jul 2, 2008 4:37am Jul 2, 2008 4:37am
Quoting Moe
my target 1.9760,
moe am i geting better or what ...
  • #74,058
  • Jul 2, 2008 4:43am Jul 2, 2008 4:43am
Quoting Moe
my target 1.9760,
today you are the man of the match .. take care of the retracement
If you count on hope in any trade ……. Get out of it
  • #74,059
  • Jul 2, 2008 4:43am Jul 2, 2008 4:43am
Quoting nAVIN2007
moe am i geting better or what ...
Glad to see your problem solved
  • #74,060
  • Jul 2, 2008 4:52am Jul 2, 2008 4:52am
Quoting tarektm
Glad to see your problem solved
not solved yet ...ned to find it way towards moes target i never added a short so still have a bit to go..
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