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Cable Update (GBPUSD)

  • #74,501
  • Jul 3, 2008 12:03pm Jul 3, 2008 12:03pm
Quoting Moe
if you trade base on numbers your be broke in a week.

Ohhhhh yeah scarey really that so many literally trade off the numbers, the problem is so few of us understand the numbers anyway it often doesn't follow the logic.

Todays move down wasn't the 1:30gmt news, that shoulda sent gbp up, it was the euro's rate change which tanked the euro and dragged the gbp down.

Hit your 1.4Mil yet Moe ??? nearly got my £500 here
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,502
  • Jul 3, 2008 12:03pm Jul 3, 2008 12:03pm
Quoting nAVIN2007
number for UK should be weak and we move toward my damn target 1.97 at least im getting my shit together at long last...i hope
Are you seeing something on H1 ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #74,503
  • Jul 3, 2008 12:14pm Jul 3, 2008 12:14pm
Quoting manize
Are you seeing something on H1 ?
nope bro ....still further down im seeing just resistance
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  • #74,504
  • Jul 3, 2008 12:16pm Jul 3, 2008 12:16pm
muahaha im now out im buying at aroun 9780-90, i told yall it was gonna fall.
And your mouth dropped
  • #74,505
  • Jul 3, 2008 12:17pm Jul 3, 2008 12:17pm
Quoting nAVIN2007
nope bro ....still further down im seeing just resistance
Thanks .... Hmmm......
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #74,506
  • Jul 3, 2008 12:18pm Jul 3, 2008 12:18pm
Quoting makey2u
muahaha im now out im buying at aroun 9780-90, i told yall it was gonna fall.
welldone bro ...
  • #74,507
  • Jul 3, 2008 12:24pm Jul 3, 2008 12:24pm
will cable go up at 1.9962 ? NEEXT week hmmm
be patient, self-belief and discipline... stay focus...
  • #74,508
  • Jul 3, 2008 12:24pm Jul 3, 2008 12:24pm
Quoting makey2u
muahaha im now out im buying at aroun 9780-90, i told yall it was gonna fall.
Great trade bro..I only got 80 short pips on that move down... I am now long and will add down to 9730...
Patience + Discipline - Greed = Success
  • #74,509
  • Jul 3, 2008 12:24pm Jul 3, 2008 12:24pm
Quoting manize
Thanks .... Hmmm......
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  • #74,510
  • Jul 3, 2008 12:30pm Jul 3, 2008 12:30pm
Quoting Moe
if you trade base on numbers your be broke in a week.
Debatable. It's still possible, although very difficult of course.
  • #74,511
  • Jul 3, 2008 12:46pm Jul 3, 2008 12:46pm
3hour M1 180SMA is capping us Longs so far, then 360sma 6hour to follow which is likely where I shall take profit and be happy.


Just took it out, come on BABY
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Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,512
  • Jul 3, 2008 12:46pm Jul 3, 2008 12:46pm
cable hard to jump down ...........come on cable go up baby.....1,2,3,.....
be patient, self-belief and discipline... stay focus...
  • #74,513
  • Jul 3, 2008 12:47pm Jul 3, 2008 12:47pm
Euro needs to clear 1.5705 to signal a bounce which will raise all ships ofcourse!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,514
  • Jul 3, 2008 1:00pm Jul 3, 2008 1:00pm
Quoting nAVIN2007
Hi Navin, I am still holding Longs between 1.9918-1.9930 for few lots since 3:00 am NY time. And I had a proper limits with no SL at all because I understand that We have a holiday in US and stock market is already closed but currency market is still open and I think it will be opened in tonight London Session and for tonight there is a tentative Halifax news is scheduled. My interpretation about this news is if it comes according to consesus number then hopefully with the help of Allah (GOD) this pair would come back to 1.9950's area even in London Session but since US session is closed on Friday so it might be a ranging market for tomorrow. The reason I don't have SL because I don't want myself in risk of stopping out SL and we all know anything could happen next week.

One thing I don't understand that NFP news is not a good news. They still loose 62000 jobs plus the oil price is about 145 per barrel. At some point last night I was gonna set a side but I thought the expectation of NFP news would be negative plus there is a heavy pressure of increasing oil and it is arround the corner of 4th of July so I entered in the market with Longs (because I like Longs than Sale because if you hold Sale trades longer then you have to pay tripple swaps right!!!!!)

What do you guys think in this thread would this pair go back to 1.9950's area. According to Fibonaci this pair still holding 2.000 area.

Have a happy 4th of July everyone. I tried level my best to not to have open positions but NFP surprised me very much and I have 7 lots of Longs between 1.9900 and 1.9930 areas. Hope for the best for all the Longs guys and will see what happens. I think based on this pair if your account is stong enough to handle 250-500 pips without SL and leave them with PT levels then who knows it might come back in 2 days.

I had the same situation two weeks ago. I left 3 lots open for Longs and have a SL with 400 pips and in 3-4 days it went high and it took all my limits.

Alqaz.
  • #74,515
  • Edited 1:17pm Jul 3, 2008 1:01pm | Edited 1:17pm
hmm....baby....im out now... long at 1.9815 s/L 1.9797 t/p 1.9962...
i leave my position...hope will go up
be patient, self-belief and discipline... stay focus...
  • #74,516
  • Jul 3, 2008 1:05pm Jul 3, 2008 1:05pm
Asyed4, it wasn't the US news that created the dump, Euro raised there interest rate, the market ran sideways until all the other news was out of the way then they dumped euro like crazy dragging GBP down with it, nothing most.

US News wise, GBP shoulda went upto likely be testing 2.0000 area again.

And holding will save your ass 90% of the time, but slaughter you that 10% totally and utterly, if you still believe it'll go up then buy more take advantage of the sale IMHO.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,517
  • Jul 3, 2008 1:07pm Jul 3, 2008 1:07pm
hi Navin
i came back only to tell you a uptrend hasbeen formed in my m30
so beware

keep your profits
  • #74,518
  • Jul 3, 2008 1:10pm Jul 3, 2008 1:10pm
Quoting tetis
hi Navin
i came back only to tell you a uptrend hasbeen formed in my m30
so beware

keep your profits
Or atleast be happy with your reduced losses!!! Cut and RUN!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,519
  • Jul 3, 2008 1:15pm Jul 3, 2008 1:15pm
Quoting asyed4
Hi Navin, I am still holding Longs between 1.9918-1.9930 for few lots since 3:00 am NY time. And I had a proper limits with no SL at all because I understand that We have a holiday in US and stock market is already closed but currency market is still open and I think it will be opened in tonight London Session and for tonight there is a tentative Halifax news is scheduled. My interpretation about this news is if it comes according to consesus number then hopefully with the help of Allah (GOD) this pair would come back to 1.9950's area even in London Session but since US session is closed on Friday so it might be a ranging market for tomorrow. The reason I don't have SL because I don't want myself in risk of stopping out SL and we all know anything could happen next week.

One thing I don't understand that NFP news is not a good news. They still loose 62000 jobs plus the oil price is about 145 per barrel. At some point last night I was gonna set a side but I thought the expectation of NFP news would be negative plus there is a heavy pressure of increasing oil and it is arround the corner of 4th of July so I entered in the market with Longs (because I like Longs than Sale because if you hold Sale trades longer then you have to pay tripple swaps right!!!!!)

What do you guys think in this thread would this pair go back to 1.9950's area. According to Fibonaci this pair still holding 2.000 area.

Have a happy 4th of July everyone. I tried level my best to not to have open positions but NFP surprised me very much and I have 7 lots of Longs between 1.9900 and 1.9930 areas. Hope for the best for all the Longs guys and will see what happens. I think based on this pair if your account is stong enough to handle 250-500 pips without SL and leave them with PT levels then who knows it might come back in 2 days.

I had the same situation two weeks ago. I left 3 lots open for Longs and have a SL with 400 pips and in 3-4 days it went high and it took all my limits.

Alqaz.

like a said b4 US is a leading indicator to what happens in the UK, Uk follow US so if US is struglling then the outlook for Uk is dim ..not sure if this is BS but is what i think also from a techinical stand point look at your monthly chart u will see 2.0 area as a max, price hasnt been able to close above it.....so why would u long near there without a confirmation..

1 hour chart has a evening star on it...signalling a top and this also happens to be where resistance is with the 61.8% fib.....very strong

people were just thinking nonfarm and figure will be bad and we gonna fly and this was possible i also thought we gonna cross 2 but the reality u cant have currency fly into uptrend if outlook is dim...

cable is already overvalued against the $ ...it going even higher only will cause a bigger ecomonic crisis...this is just my view and am by no means correct...

thee is more chances of this going to 1.9600 than going 2.....and longer term 1.8, be carefull
  • #74,520
  • Jul 3, 2008 1:24pm Jul 3, 2008 1:24pm
Quoting tetis
hi Navin
i came back only to tell you a uptrend hasbeen formed in my m30
so beware

keep your profits
im holding till it reaches my targets bro ..but thx for the tip
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