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Cable Update (GBPUSD)

  • #76,701
  • Jul 22, 2008 2:21am Jul 22, 2008 2:21am
Quoting belekas
Cable breaking out of that 1hr bullish flag right now. Resistance @ ~ 2.00535. Very narrow range for so im not taking any trade. Watching now...

Cheers
am short
  • #76,702
  • Jul 22, 2008 2:26am Jul 22, 2008 2:26am
Quoting warta
am short
am tall


no seriously bro i think king might take it ur way
good luck
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #76,703
  • Jul 22, 2008 2:31am Jul 22, 2008 2:31am
Quoting salah k.
am tall


no seriously bro i think king might take it ur way
good luck

lol sal
am not basing my trade on what the stupid king will say , but as we r on the top so we will see a down move then go up my target is 900 where i place mt buy order .. u can called yoyo trade
  • #76,704
  • Jul 22, 2008 2:36am Jul 22, 2008 2:36am
here we gooooooooo
  • #76,705
  • Jul 22, 2008 2:42am Jul 22, 2008 2:42am
2.0050s is a resistance.

You might want to go short around 2.0040s with Stop and reversal @ 2.0055;
  • #76,706
  • Jul 22, 2008 2:47am Jul 22, 2008 2:47am
it best to enter small......cause right now if it break this might go to 2.0155 area......im short at 1.9966....

gonna be holding for a while it seems...
  • #76,707
  • Jul 22, 2008 2:54am Jul 22, 2008 2:54am
Quoting nAVIN2007
it best to enter small......cause right now if it break this might go to 2.0155 area......im short at 1.9966....

gonna be holding for a while it seems...

morning navin hows u and hows ur trade bro
  • #76,708
  • Jul 22, 2008 3:02am Jul 22, 2008 3:02am
Quoting warta
morning navin hows u and hows ur trade bro

day by day bro it all changes, consistantly making same mistake ...i posted my analysis on here on sunday and found myself doing the opposite...

lets just hope this dont goto space

hows u bro?
  • #76,709
  • Jul 22, 2008 3:10am Jul 22, 2008 3:10am
I wonder how volatile the GBP/USD pair is going to get when its time for Gov. King to speak. Any ideas where we're headed?
  • #76,710
  • Jul 22, 2008 3:17am Jul 22, 2008 3:17am
Quote
I wonder how volatile the GBP/USD pair is going to get when its time for Gov. King to speak. Any ideas where we're headed?

I wouldnt count on any good news being announced, the only good thing about that is there isnt any good news coming out of the US either. My two cents is were heading south.
  • #76,711
  • Jul 22, 2008 3:17am Jul 22, 2008 3:17am
bearish divergence at 1hr and 30m.. expecting price to go down..
Be a sniper not a jumper
  • #76,712
  • Jul 22, 2008 3:21am Jul 22, 2008 3:21am
Quoting Godzgreatgif
I wonder how volatile the GBP/USD pair is going to get when its time for Gov. King to speak. Any ideas where we're headed?

somewhere between 1 and 3
When life gives you lemons, make lemonade
  • #76,713
  • Jul 22, 2008 3:27am Jul 22, 2008 3:27am
Morning Gang,
I see 43 was/has been respected so far; next 55, then 72 maybe,
Then i agree Navin, it's off to the 155 moon and more.
Hope the "Gov" paints whatever we traders want!
I will work to Objectively Identify my Edges
  • #76,714
  • Jul 22, 2008 3:28am Jul 22, 2008 3:28am
look i think it will go up to take all the stop losses of the guys who went short, then it will go down below 2 to take all the stop losses of the guys who went long and it will settle somewhere near 2
When life gives you lemons, make lemonade
  • #76,715
  • Jul 22, 2008 3:30am Jul 22, 2008 3:30am
Heres my view my buy was missed and have entered pretty much where I left off yesterday with about half my original position until the after the news.

I am really still trading the daily pin.
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Click to Enlarge Name: cable 30 min 22-07 no 1.gif Size: 53 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #76,716
  • Jul 22, 2008 3:37am Jul 22, 2008 3:37am
Quoting Bones
Heres my view my buy was missed and have entered pretty much where I left off yesterday with about half my original position until the after the news.

I am really still trading the daily pin.
Hola Bones....Yes that could have been a good entry on the retest of the broken 4hr bullish flag. Also right now we are inside 1hr bullish flag, so we are likely to continue north. Im not taking any trade untill i see a clear break, keeping in mind i see resistance @ ~2.0053
  • #76,717
  • Jul 22, 2008 3:39am Jul 22, 2008 3:39am
Quoting micho
look i think it will go up to take all the stop losses of the guys who went short, then it will go down below 2 to take all the stop losses of the guys who went long and it will settle somewhere near 2
LOL Nice way put. Wouldn't be surprised if thats how it goes
  • #76,718
  • Jul 22, 2008 3:46am Jul 22, 2008 3:46am
Quoting Godzgreatgif
LOL Nice way put. Wouldn't be surprised if thats how it goes


the way i see this is if it breaks 2.0040..then id say it going to 2.0155 and there im looking to sell ...weekly suggest to me this is where price is going, and it was rejected there....my pending sell order is there...then im hang on for dear life...
  • #76,719
  • Jul 22, 2008 3:46am Jul 22, 2008 3:46am
I smell a serious short coming
Don't Get Bitter, Get Better
  • #76,720
  • Jul 22, 2008 3:47am Jul 22, 2008 3:47am
Quoting Godzgreatgif
LOL Nice way put. Wouldn't be surprised if thats how it goes
me neither
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When life gives you lemons, make lemonade
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