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Cable Update (GBPUSD)

  • #74,841
  • Jul 8, 2008 1:40am Jul 8, 2008 1:40am
Quoting forexmoments
Looking at my chart for Cable, it seems this could be a a good move south for a couple of hundred pips during the week.
You are right. It was a good move for a short while. The dollar was gaining its strength a little bit there.
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  • #74,842
  • Jul 8, 2008 1:43am Jul 8, 2008 1:43am
Good odds on a Euro bounce around here, if anyone wants a quick buck or 2.

24 and 48hour sma support, no news for abit!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,843
  • Jul 8, 2008 1:44am Jul 8, 2008 1:44am
Quoting Turveyd
Good odds on a Euro bounce around here, if anyone wants a quick buck or 2.

24 and 48hour sma support, no news for abit!!!
So you think it will go up?
-- There's no winner without lose --
  • #74,844
  • Jul 8, 2008 1:46am Jul 8, 2008 1:46am
Just on the news :-

UK is in a serious risk of recession !!!


Read, UK is in a recession already, serious risk of going into a depression so we'd better admit to a recession quick!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,845
  • Jul 8, 2008 1:47am Jul 8, 2008 1:47am
Sell entry hit, now its just waiting for the B band to catch up. Lets see how far down she goes.
Don't Get Bitter, Get Better
  • #74,846
  • Jul 8, 2008 2:02am Jul 8, 2008 2:02am
My bias is up. We at the bottom of a TL and a falling wedge, but if we break 1.9695 Ill look for short
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  • #74,847
  • Jul 8, 2008 2:08am Jul 8, 2008 2:08am
Quoting JamesCZ
So you think it will go up?
Well it'll teach me to trade at stupid AM when I'm half asleep

Downtrending here on Euro, sideways on GBP which performed better, looking for a cheaper exit on a small bounce
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,848
  • Jul 8, 2008 2:25am Jul 8, 2008 2:25am
This trick is getting a little to close to the door. LOL I think she gonna make a run for it Moe.
Don't Get Bitter, Get Better
  • #74,849
  • Jul 8, 2008 2:30am Jul 8, 2008 2:30am
Quoting NuB
This trick is getting a little to close to the door. LOL I think she gonna make a run for it Moe.
There she go and here I come.
Don't Get Bitter, Get Better
  • #74,850
  • Jul 8, 2008 2:30am Jul 8, 2008 2:30am
Quoting NuB
This trick is getting a little to close to the door. LOL I think she gonna make a run for it Moe.
Are you in some position? I am thinking about long, if she will not break the trendline about 1.9700...what do you think?
-- There's no winner without lose --
  • #74,851
  • Jul 8, 2008 2:30am Jul 8, 2008 2:30am
Quoting Cdawg
I hope not, i'm in long with a generous SL, presumming Mr B opens his mouth and the dollar tanks

Rule #1 Don't gamble dude
When life gives you lemons, make lemonade
  • #74,852
  • Jul 8, 2008 2:32am Jul 8, 2008 2:32am
Guess which moron, bailed for a small profit about 5seconds before Euro and GBP exploded to the upside

Took +£12, coulda took +£50 area
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,853
  • Jul 8, 2008 2:35am Jul 8, 2008 2:35am
It looks like somebody is going to play with us...
-- There's no winner without lose --
  • #74,854
  • Jul 8, 2008 2:38am Jul 8, 2008 2:38am
Quoting JamesCZ
Are you in some position? I am thinking about long, if she will not break the trendline about 1.9700...what do you think?
Im long. This trick took my 10 pips now im following her up the street with her and pickin up money along the way.
Don't Get Bitter, Get Better
  • #74,855
  • Jul 8, 2008 2:41am Jul 8, 2008 2:41am
The cable is still in a long-term downward trend. It will reverse but not so soon. Upward movements like that of yesterday are possible but general direction for now is down
  • #74,856
  • Jul 8, 2008 2:43am Jul 8, 2008 2:43am
Common baby, go up...It would be my 8th bad trade in the row, if you wouldn't...
-- There's no winner without lose --
  • #74,857
  • Jul 8, 2008 2:43am Jul 8, 2008 2:43am
Quoting JamesCZ
It looks like somebody is going to play with us...
Yep getting interesting, think I'll get back to bed before I do something really stupid
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,858
  • Jul 8, 2008 2:46am Jul 8, 2008 2:46am
Quoting JamesCZ
Common baby, go up...It would be my 8th bad trade in the row, if you wouldn't...
When life gives you lemons, make lemonade
  • #74,859
  • Jul 8, 2008 2:46am Jul 8, 2008 2:46am
ranging,
but no clear signal today....
  • #74,860
  • Jul 8, 2008 2:46am Jul 8, 2008 2:46am
Quoting JamesCZ
Common baby, go up...It would be my 8th bad trade in the row, if you wouldn't...
8th, ecccckksssss, but I remember those days stick at it, 8 good trades in a row are the norm these days thankfully

14 being my recent record.

Failing to break over 6hour SMA odds are back to retest 9700 here, be warned.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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