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Cable Update (GBPUSD)

  • #76,241
  • Jul 16, 2008 2:35am Jul 16, 2008 2:35am
Quoting belekas
Morning yall...Moe hola back. Keep healing...
morning belekas
  • #76,242
  • Jul 16, 2008 2:36am Jul 16, 2008 2:36am
Quoting salah k.
hey man
vive la fghance
how is my fghench
getting better eh

hehehe fawk france man
lol
am going to lebanon soon

kifak liom sal
  • #76,243
  • Jul 16, 2008 2:37am Jul 16, 2008 2:37am
Quoting boxingislife
buyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy

boxinggggggggggggggggg good morning khayo chlonak

hehehe
no today is sellll
  • #76,244
  • Jul 16, 2008 3:27am Jul 16, 2008 3:27am
daily bearish patterns

longs take care

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  • #76,245
  • Jul 16, 2008 3:27am Jul 16, 2008 3:27am
lol i dont know man
i guess wll see
  • #76,246
  • Jul 16, 2008 3:37am Jul 16, 2008 3:37am
Quoting eohater
now she's playing with us!
She gave me a lil play to the up side, but I had to let her go and follow her down the street. Lets see how many pips she drops out her purse. Short at 2.0080
Don't Get Bitter, Get Better
  • #76,247
  • Jul 16, 2008 3:44am Jul 16, 2008 3:44am
Quoting NuB
She gave me a lil play to the up side, but I had to let her go and follow her down the street. Lets see how many pips she drops out her purse. Short at 2.0080
Looking for 1.9980 and lower:nerd:
Don't Get Bitter, Get Better
  • #76,248
  • Jul 16, 2008 3:47am Jul 16, 2008 3:47am
Quoting warta
morning belekas
Morning Warta..how uve been?
  • #76,249
  • Jul 16, 2008 3:50am Jul 16, 2008 3:50am
Quoting belekas
Morning Warta..how uve been?

gr8 bro
  • #76,250
  • Jul 16, 2008 4:35am Jul 16, 2008 4:35am
Why is everyone so quiet? Yall still long?
Don't Get Bitter, Get Better
  • #76,251
  • Jul 16, 2008 4:42am Jul 16, 2008 4:42am
Quoting NuB
Why is everyone so quiet? Yall still long?
Holding Shorts. Looking for 1.99??. Lets see.
  • #76,252
  • Jul 16, 2008 4:45am Jul 16, 2008 4:45am
Quoting DJ4x
Holding Shorts. Looking for 1.99??. Lets see.
same here...expecting to tp in 9980-9950 area...
  • #76,253
  • Jul 16, 2008 4:55am Jul 16, 2008 4:55am
I just want to know that today again

Fed Chairman Bernanke Testifies
and

FOMC Meeting Minutes

will shoot GBP down?
  • #76,254
  • Jul 16, 2008 4:58am Jul 16, 2008 4:58am
Quoting nomask
same here...expecting to tp in 9980-9950 area...
I was looking for 980 too, but my system is showing a trend change to the up side. This might be a ranging day, allowing the market to consolidate those huge moves over the past few days. After that we should see the 900's
Don't Get Bitter, Get Better
  • #76,255
  • Jul 16, 2008 4:58am Jul 16, 2008 4:58am
Quoting asyed4
I would like to share my trading thought to all of your guys in terms of my observation, practical experience and fundamentals results. It is not necessary to share my thoughts to you in terms of graphs, charts and Fibo languages as everybody knows how to talk about the graphs and charts. Although I follow all of them on a daily basis.

I have closely watching/trading the currency market for the last 3-6 months and I came up with the conclusion that no matter what happens with oil, DJIA fundamental news and on the air news, this pair (G/U) always be at low in one week and another week they are in their peak. I will give you two recent examples with the dates:

Durind the second week of June (9th-13th), this pair was in the range between 1.96+ to 1.9411 and it closed with 1.9472 on Friday the 13th of June. So that means this pair was at low close during this week. Next week I was on vacation and this pair no matter what closes above 1.9800 on June 20th. So that means this pair was at its high on the close day of June 20th.

Similarly the above examples happened in this month as well From first week of July to the second week of July. During the first week of July this pair went down as low as 1.9647 and in this week this pair is as high as 2.0160.

So now you guys know what I am talking about. The bottom line is as long as your account is strong enough to handle at least 300-500 pips move against your direction in the same week then take relax and put the plain in the auto pilot. As far as I am concerned I am still didn't reach to this level because most of the time I closed my positions earlier than expected. For example I closed all my long positons last night around 2:30 am Central time as I was worried about if CPI would come out in red but this pair actually went up during the first hour of US session as all the US news got bad......

Have a nice trading during the rest of the week guys. Tonight there is one red and one brown news is coming and the rest of the weeks we might have to relie on E/U move for G/U and technicals....

Alqaz.
yes Alqz, we ARE in a range bound environment for months now. The floor is well-defined, at 1.95s or so. The ceiling less so, with spikes that go higher some times, to 2.02 -2.04. I play the range with a long bias, that is buy as it appraoches the floor, then gradually unload as it rises.

Then rince and repeat. I expect this to hold for another few months. If it breaks out, when it breaks out, I will follow. I expect to breakout (towards the end of the year) to be northbound, simply because..well, no signs of the major uptrend having reversed (duh!)
  • #76,256
  • Jul 16, 2008 5:04am Jul 16, 2008 5:04am
Well Ive had my fun for today. I hate ranging markets, so I TP for 60+ for today. I wish everybody more pips. I'm going to bed See you guys tomorrow morning.
Don't Get Bitter, Get Better
  • #76,257
  • Jul 16, 2008 5:15am Jul 16, 2008 5:15am
Quoting NuB
I was looking for 980 too, but my system is showing a trend change to the up side. This might be a ranging day, allowing the market to consolidate those huge moves over the past few days. After that we should see the 900's
you might be right...i'd say the trend changed or get in consolidation only if it moves up to the 2.0055+
otherwise thats a head on shoulder on 5min and the head's target is 9946 which is so close to the 38.2 retracement level(9944) of upward movement on 4hr...so if it keeps moving down my tp level will be 9945...i'll just lock it anyway
  • #76,258
  • Jul 16, 2008 5:36am Jul 16, 2008 5:36am
Quoting NuB
She gave me a lil play to the up side, but I had to let her go and follow her down the street. Lets see how many pips she drops out her purse. Short at 2.0080
Excellent!
Just digging in the trenches like everyone else!
  • #76,259
  • Jul 16, 2008 6:01am Jul 16, 2008 6:01am
Quoting warta
hehehe fawk france man
lol
am going to lebanon soon

kifak liom sal

tameeeeem
khayye
inta keef

keefo sarkuzi 3m bizabbitilna l wade3
bokra byiy2as mitlon killon

la shoujeye ya zalame rou7 tjawaz bi eifel tower ahsan ma titjawazz hon ta7t l 2asif wil msabbet
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #76,260
  • Jul 16, 2008 6:10am Jul 16, 2008 6:10am
Any thoughts on where the GBP/USD will be headed after the major USD news events? ?
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