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Cable Update (GBPUSD)

  • #75,081
  • Jul 8, 2008 1:13pm Jul 8, 2008 1:13pm
I'm higher than a m.f. right now. I lost 18K last week and got it all back with interest. Time to go and hit the pipe some more and then hit the golf course. It's been a great day, so lets do it again when London opens.
Just digging in the trenches like everyone else!
  • #75,082
  • Jul 8, 2008 1:21pm Jul 8, 2008 1:21pm
Quoting eohater
I'm higher than a m.f. right now. I lost 18K last week and got it all back with interest. Time to go and hit the pipe some more and then hit the golf course. It's been a great day, so lets do it again when London opens.
Money & Pain Respect the market, protect your capital, be patient
  • #75,083
  • Jul 8, 2008 1:35pm Jul 8, 2008 1:35pm
  •  Trader#0000
  • | Status: Unregistered Trader
will there any effect in the next 30minutes news??
  • #75,084
  • Jul 8, 2008 1:45pm Jul 8, 2008 1:45pm
I see higher lows and higher highs forming, but its a little to early to tell, Nav, sorry about that last call I made!! I will be more accurate from now on!!

  • #75,085
  • Jul 8, 2008 1:47pm Jul 8, 2008 1:47pm
http://www.cvreefers.org/images/smilies/whip.gif
If I Go Broke Trying Then I Will die happy.
  • #75,086
  • Jul 8, 2008 1:58pm Jul 8, 2008 1:58pm
Quoting AmeriTrini
I see higher lows and higher highs forming, but its a little to early to tell, Nav, sorry about that last call I made!! I will be more accurate from now on!!


no need to say this bro ....its very difficult to know where this thing wants to go ...and besides i got out of that mess and am just greatfull for that...
please dont think anything of it, i have learned a hell of a lot from u

its all good
  • #75,087
  • Jul 8, 2008 2:03pm Jul 8, 2008 2:03pm
Quoting Moe
ok thread is dead again, look like there was a lot of long players that got tooken out. , im out see you in the mourning.

Yep including me, well roasted well back to a week last tuesday after briefly taking the £500 out, ohhhh wellllllllllllllllll

I'll be back!!!


I MUST not read news and then form opinions EVER AGAIN twice I've done that and it's cost me!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #75,088
  • Jul 8, 2008 2:08pm Jul 8, 2008 2:08pm
Quoting Turveyd
Yep including me, well roasted well back to a week last tuesday after briefly taking the £500 out, ohhhh wellllllllllllllllll

I'll be back!!!


I MUST not read news and then form opinions EVER AGAIN twice I've done that and it's cost me!!
I did that as well, just look at the charts is what I say. T.A. is a self fullfilling prophecy!!!!

  • #75,089
  • Jul 8, 2008 2:15pm Jul 8, 2008 2:15pm
Quoting Turveyd
Yep including me, well roasted well back to a week last tuesday after briefly taking the £500 out, ohhhh wellllllllllllllllll

I'll be back!!!


I MUST not read news and then form opinions EVER AGAIN twice I've done that and it's cost me!!
http://www.cvreefers.org/images/smilies/ftw.gif
If I Go Broke Trying Then I Will die happy.
  • #75,090
  • Jul 8, 2008 2:59pm Jul 8, 2008 2:59pm
haha just went to the dentist and i need 2 tooth implants at $3200 each - got back home and my shares had gone up exactly 6400 dollars

My first thought was 'now if only i had taken care of those teeth better I could have kept the gain ' - which proves i am greedy !
  • #75,091
  • Jul 8, 2008 3:23pm Jul 8, 2008 3:23pm
Quoting AmeriTrini
I did that as well, just look at the charts is what I say. T.A. is a self fullfilling prophecy!!!!

I did, post likely going to die cause thats what always happens, any other day I'd of taken the +£45 i had on the table not held into a 10min downtrend all the way to near the bottom before deciding enough is enough.

Then is pulled back £75 Sucks!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #75,092
  • Jul 8, 2008 3:28pm Jul 8, 2008 3:28pm
New york left, now short the dollar.
  • #75,093
  • Jul 8, 2008 3:31pm Jul 8, 2008 3:31pm
this is either going to go south toward 1.94 or go towards 2.0156

i dont know which way ..
  • #75,094
  • Jul 8, 2008 3:34pm Jul 8, 2008 3:34pm
Quoting nAVIN2007
this is either going to go south toward 1.94 or go towards 2.0156

i dont know which way ..
or.. or or, move up like a snail.
Attached Image (click to enlarge)
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  • #75,095
  • Jul 8, 2008 3:37pm Jul 8, 2008 3:37pm
Won't be surprised if it starts ranging for the rest of the week. However I'm still partly short.
  • #75,096
  • Jul 8, 2008 3:44pm Jul 8, 2008 3:44pm
Quoting nAVIN2007
this is either going to go south toward 1.94 or go towards 2.0156

i dont know which way ..
the key part is that u dont need to where its going in order make money....
Trading is 80% Emotional, 20% Technical
  • #75,097
  • Jul 8, 2008 4:16pm Jul 8, 2008 4:16pm
Quoting Infinity
I think we will retest the tl (around 9685 - 9700) once more and then head towards 2.00...
If yesterday's low (9647) is taken out then I change my view....
I think this is still valid.....
Patience + Discipline - Greed = Success
  • #75,098
  • Jul 8, 2008 4:22pm Jul 8, 2008 4:22pm
Quoting Moe
ok thread is dead again, look like there was a lot of long players that got tooken out. , im out see you in the mourning.
I'm still holding my longs, my stop hasn't been hit yet, although it's looking pretty ugly at the moment.

I did manage to get a couple of scalps in, so it won't matter much either way if it goes south on me... I won't lose much, but if it goes north, well I'll be very happy.

Till morning then...



G10.
Enlightened.
  • #75,099
  • Jul 8, 2008 4:38pm Jul 8, 2008 4:38pm
Quoting Galeforce 10
I'm still holding my longs, my stop hasn't been hit yet, although it's looking pretty ugly at the moment.

I did manage to get a couple of scalps in, so it won't matter much either way if it goes south on me... I won't lose much, but if it goes north, well I'll be very happy.

Till morning then...



G10.
I am also holding Longs for few days and one of my SL got hit when the rate was 1.9670 yesterday morning but I trimmed my loss by doing one scapls.

I am currenly holding 6 Long positions one of them in 9790 handle and rest of them in 99 handle.
Based on fundamentals this week if both red news would come out in green area ( I mean Halifax and Rate statement(more hawkish than expected)/holding rate (5.00 which is expected and Halifax news is also green expected) THEN I will be very happy because it might take 2.000 handle by the end of this week.

What do you guys think about technicals. I think according to Fibo it might hit 2.000 as well if the trend is up and if the trend is down then it would hit 1.95.

I am not sure if it hit that low this week as the US news has been coming red and the oil price is very fluctuating so no one knows next day oil gets hits 148 and another day it might be in 135 level.
  • #75,100
  • Jul 8, 2008 4:42pm Jul 8, 2008 4:42pm
Quoting Infinity
I think this is still valid.....
Sure it is because today so far it didn't break 1.9647 and currenly it's high is already crossed 1.97 level so I think it might go towards 2.00 area, your analysis is still 100% valid.....
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