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Cable Update (GBPUSD)

  • #75,161
  • Jul 9, 2008 4:17am Jul 9, 2008 4:17am
gunmen open fire outside us consulate in instanbul kills 4..bloomberg breaking news
  • #75,162
  • Jul 9, 2008 4:25am Jul 9, 2008 4:25am
Quoting lifeismine
gunmen open fire outside us consulate in instanbul kills 4..bloomberg breaking news
Is that going to help push the Pound up?
Don't Get Bitter, Get Better
  • #75,163
  • Jul 9, 2008 4:31am Jul 9, 2008 4:31am
Quoting NuB
Is that going to help push the Pound up?
maybe it will sink the dollar and push the cable up..
  • #75,164
  • Jul 9, 2008 4:34am Jul 9, 2008 4:34am
Quoting sky-walker
maybe it will sink the dollar and push the cable up..
Thats what I was thinking. People are like F&#$ the US. I dont blame them. A soon as I make my first Billion Im out this Biatch.
Don't Get Bitter, Get Better
  • #75,165
  • Jul 9, 2008 4:34am Jul 9, 2008 4:34am
ok trying to short now and tp at 9580... ...
Be a sniper not a jumper
  • #75,166
  • Jul 9, 2008 4:44am Jul 9, 2008 4:44am
Quoting sierra
ok trying to short now and tp at 9580... ...
When life gives you lemons, make lemonade
  • #75,167
  • Jul 9, 2008 4:44am Jul 9, 2008 4:44am
Quoting sierra
ok trying to short now and tp at 9580... ...
Hi,
did you do it demo or live account?
  • #75,168
  • Jul 9, 2008 4:52am Jul 9, 2008 4:52am
hi guys..i'm biased to bullish man...but we''ll see..who's holding to long gu guys?
  • #75,169
  • Jul 9, 2008 4:53am Jul 9, 2008 4:53am
I'm out this B!tch if my triggers dont get hit in the next 15 min (highly unlikely buy-751/ sell-665) . But I did enjoy the free lesson in divergence. BTW I see some Bearish divergence forming on the M5 for everyone long. Id try to short at the DPP (718) if it can even get there. IMO
Don't Get Bitter, Get Better
  • #75,170
  • Edited 5:25am Jul 9, 2008 4:53am | Edited 5:25am
live account, but my sl set at 9795, just in case the trend change my view analysis that currently bearish...
Be a sniper not a jumper
  • #75,171
  • Jul 9, 2008 4:56am Jul 9, 2008 4:56am
I'm out, see you guys tomorrow. Maybe we can break out this range later today or tomorrow.
Don't Get Bitter, Get Better
  • #75,172
  • Jul 9, 2008 4:59am Jul 9, 2008 4:59am
Quoting NuB
I'm out this B!tch if my triggers dont get hit in the next 15 min (highly unlikely buy-751/ sell-665) . But I did enjoy the free lesson in divergence. BTW I see some Bearish divergence forming on the M5 for everyone long. Id try to short at the DPP (718) if it can even get there. IMO
Never mind on the Divergence the (stoch) should make a higher high. More pips for everyone.
Don't Get Bitter, Get Better
  • #75,173
  • Jul 9, 2008 5:22am Jul 9, 2008 5:22am
what is the best indicator for divergence. I use MACD and RSI what do you guys think
  • #75,174
  • Jul 9, 2008 5:35am Jul 9, 2008 5:35am
Quoting young trader
what is the best indicator for divergence. I use MACD and RSI what do you guys think
RSI has been an extreme oversold condition since Sunday... The best rule I have found as a good filter when this thing is ranging can be found in the vegas wealth builder. When price closes 30 pips from the open of the day, there's a 50% chance it's going to continue in that direction. 45 pips, 75% chance. You may miss some pips, but at least you in the right direction!

pic a day and check it out.
  • #75,175
  • Jul 9, 2008 5:39am Jul 9, 2008 5:39am
Quoting young trader
what is the best indicator for divergence. I use MACD and RSI what do you guys think
I personally look for divergence on MACD. It's not called "Moving Average Convergence Divergence" for nothing
  • #75,176
  • Jul 9, 2008 5:40am Jul 9, 2008 5:40am
It's testing the DT line right now...
  • #75,177
  • Jul 9, 2008 5:42am Jul 9, 2008 5:42am
Quoting young trader
what is the best indicator for divergence. I use MACD and RSI what do you guys think
I use stochastic very well.
MANY LOSE MONEY BECAUSE THEY HAVE TOO MANY TOOLS!
Get use to what is best to you and keep to it.
  • #75,178
  • Jul 9, 2008 5:52am Jul 9, 2008 5:52am
This rangin is frustrating! We are at the top now, so sell, but what if it keeps going up? Out with +15 from yesterdays long
  • #75,179
  • Jul 9, 2008 5:54am Jul 9, 2008 5:54am
Quoting uncletrumpet
I use stochastic very well.
MANY LOSE MONEY BECAUSE THEY HAVE TOO MANY TOOLS!
Get use to what is best to you and keep to it.

True true..
  • #75,180
  • Jul 9, 2008 5:58am Jul 9, 2008 5:58am
I will wait now for a breakout above 1.9780 or below 1.9660. Do you think this ranging is for the rate announcment tomorrow. If they keep rates as is, is it good or bad for cable?
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