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Cable Update (GBPUSD)

  • #74,341
  • Jul 3, 2008 4:33am Jul 3, 2008 4:33am
i can't sell now,
unless we head down and break yesterdays bottom and closed there at least on the 30 Minutes chart.

1.9843 is still holding,
but i think it's another ranging day too.
  • #74,342
  • Jul 3, 2008 4:33am Jul 3, 2008 4:33am
Quoting nAVIN2007
man i hope your right i really dont want to hold this for another week ...im hoping this non farm if it goes up gonna be volatile if it flies down forst it might hit my profit.....
i been wrong all week.
If I Go Broke Trying Then I Will die happy.
  • #74,343
  • Jul 3, 2008 4:36am Jul 3, 2008 4:36am
Quoting Moe
i been wrong all week.
which means the market is Not Ok,
No direction is Decided yet

That's Strange,
i thought long will be going as a rocket,
but now i can see an equal chance for longs and shorts,

we have to visit the monthly pivot with such a monthly start,
we have to go to 1.9767 if we want to go higher , or break that is we have to go lower.
  • #74,344
  • Jul 3, 2008 4:36am Jul 3, 2008 4:36am
Quoting micho
Yeah my EA does it all
Well done. Ignore the negative comments.

One day Moe will automate his system and he wont need to get out of bed.
  • #74,345
  • Jul 3, 2008 4:36am Jul 3, 2008 4:36am
Who you tellin
Don't Get Bitter, Get Better
  • #74,346
  • Jul 3, 2008 4:39am Jul 3, 2008 4:39am
If this doesn't go down this week, it should at the beginning of next week, and yeah probably go way down to 1.95
  • #74,347
  • Jul 3, 2008 4:39am Jul 3, 2008 4:39am
Quoting Moe
i been wrong all week.

that means u closer this time to getting it right bro but i do think yur target if reached will hit 1.97
1.9818 we need to break otherwise back up again i think
  • #74,348
  • Jul 3, 2008 4:40am Jul 3, 2008 4:40am
hey guys hows trading going...

alot of news out today plus US holiday tomorrow so alot of traders will be squaring up postions ahead of that, so best stay out unless u know what u doing i guess...

expect some instant gratification trades(both ways)! post non farm and trichet, volatile price action,

figure lower than -100k and 5.8% rate will be interesting for Non farms, although trichet could reverse this by signalling no hikes thou unlikely.... a postive number could be good for dollar....

so best to stick to USDJPY if u want to trade non farms volatility and EURJPY for Trichet? expect euro and cable to be very liable to whipsaw...

anyways good luck to all, happy trading
Trading is 80% Emotional, 20% Technical
  • #74,349
  • Jul 3, 2008 4:41am Jul 3, 2008 4:41am
I see 830-825 Support being as low as it can reach today. But who knows
Don't Get Bitter, Get Better
  • #74,350
  • Jul 3, 2008 4:42am Jul 3, 2008 4:42am
Quoting Moe
as you can see i had a rough week, hope to end the week with a little change in my pocket.
Hehe
I'm glad to see u on the side of the shorts today.
  • #74,351
  • Jul 3, 2008 4:42am Jul 3, 2008 4:42am
WAASSSUPPP?

Haven't posted here in ages............................ so, hows cable?
Just Trade It
  • #74,352
  • Jul 3, 2008 4:44am Jul 3, 2008 4:44am
cable is cabling up and down recently!
  • #74,353
  • Jul 3, 2008 4:48am Jul 3, 2008 4:48am
Interesting fact. Cable has been in an uptrend since 2004. Since then, it has moved on average of 2.6 pips a day. So could we see 1.95 again? Sure...
  • #74,354
  • Jul 3, 2008 4:51am Jul 3, 2008 4:51am
Quoting Moe
im awake, sell entry got trigger at 1.9873, s/l 1.9985, t/p 1.9729.
Here's where i stand, off to bed, good luck to everyone.
If I Go Broke Trying Then I Will die happy.
  • #74,355
  • Jul 3, 2008 4:51am Jul 3, 2008 4:51am
NFP data is going to be bad today (as per survey and ADP estimates) ..why is GBP going down ? another fake move like yesterday when we were short and then sudden pull up ?
  • #74,356
  • Jul 3, 2008 4:52am Jul 3, 2008 4:52am
Quoting Moe
im awake, sell entry got trigger at 1.9873, s/l 1.9985, t/p 1.9729.
i liked yur target yesterday im using it today to get me out of this mes, i thought there a good chance today it may hit!
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  • #74,357
  • Jul 3, 2008 4:52am Jul 3, 2008 4:52am
Please what do you think will be the most likely effect of the U.S non-farm payroll news release on the cable. I know if the figures are good the cable will go up. But i do not live in America and so do not have a clue.

The non-farm payroll (which measures the employment rate) is fore casted to go up, which (if it actually does) will cause the cable to rise.

If you have any information please say here. Say what your opinion is.
  • #74,358
  • Jul 3, 2008 4:54am Jul 3, 2008 4:54am
Quoting Moe
Here's where i stand, off to bed, good luck to everyone.
LAter. You too
  • #74,359
  • Jul 3, 2008 4:56am Jul 3, 2008 4:56am
Quoting hemal011
NFP data is going to be bad today (as per survey and ADP estimates) ..why is GBP going down ? another fake move like yesterday when we were short and then sudden pull up ?
we have to go down today cause it priced in already..if it didnt go down today and non farm comes out ...it might hit upper level which will be just to high...

u have to think laterally
  • #74,360
  • Jul 3, 2008 4:58am Jul 3, 2008 4:58am
Quoting Big Wave Rider
WAASSSUPPP?

Haven't posted here in ages............................ so, hows cable?
Hey....... yanking us around as usual.
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