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Cable Update (GBPUSD)

  • #76,901
  • Jul 22, 2008 12:38pm Jul 22, 2008 12:38pm
Quoting Runway Trade
I'll wait for it to drop 30-40 pips and then enter long. You always get the direction right but enter to soon so I'll follow you just lagging.

DJ just joking my long signal looks about 30min from triggering but I hate trading this time of night as it is either flat or violent. Might wait till the morning….. but then again it should retract after this 200pip drop
I enter multiple trades so not too concerned with the exact entry point. As long as it gets there in the end.
  • #76,902
  • Jul 22, 2008 12:39pm Jul 22, 2008 12:39pm
Tripple bottom.....is that a long then...
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  • #76,903
  • Jul 22, 2008 12:42pm Jul 22, 2008 12:42pm
Quoting DJ4x
I enter multiple trades so not too concerned with the exact entry point. As long as it gets there in the end.
So where is your targeted TP. Want to see if I can stay in a trade longer the 30+pips. ALways to scared to lose what I got the miss 50-100 pips after that. Like today bailed at 2.0010 after my normal 30pip should have know it would a least go to DPP.
  • #76,904
  • Jul 22, 2008 12:48pm Jul 22, 2008 12:48pm
Quoting Runway Trade
So where is your targeted TP. Want to see if I can stay in a trade longer the 30+pips. ALways to scared to lose what I got the miss 50-100 pips after that. Like today bailed at 2.0010 after my normal 30pip should have know it would a least go to DPP.

id aim for the weekly pivot but after today ..i definately aint holding this long..
this better not turn into a bearish flag that pole will kill us
  • #76,905
  • Jul 22, 2008 12:54pm Jul 22, 2008 12:54pm
Quoting micho
what is this? 200 pips in 5 hours
yep and eur/usd the same from1.5945 to 1.5760

Any idea why ??
  • #76,906
  • Jul 22, 2008 12:55pm Jul 22, 2008 12:55pm
Quoting egkid
yep and eur/usd the same from1.5945 to 1.5760

Any idea why ??

dollar gain strength.....
  • #76,907
  • Jul 22, 2008 12:57pm Jul 22, 2008 12:57pm
Quoting egkid
yep and eur/usd the same from1.5945 to 1.5760

Any idea why ??


Lower oil and US hawkinshness.
  • #76,908
  • Jul 22, 2008 1:03pm Jul 22, 2008 1:03pm
Quoting egkid
yep and eur/usd the same from1.5945 to 1.5760

Any idea why ??
Hawkish rhetoric from Plosser (Fed official) and pro-dollar words from Paulson, coupled with a steep fall in the price of crude oil.
  • #76,909
  • Jul 22, 2008 1:34pm Jul 22, 2008 1:34pm
who agree with me if cable break 1.9880 then we can see 1.9800 is there any chancess for it today! i don't know really...
but we will see during the day its very risk to enter short or long for me now.
  • #76,910
  • Jul 22, 2008 1:34pm Jul 22, 2008 1:34pm
Quoting Runway Trade
So where is your targeted TP. Want to see if I can stay in a trade longer the 30+pips. ALways to scared to lose what I got the miss 50-100 pips after that. Like today bailed at 2.0010 after my normal 30pip should have know it would a least go to DPP.
I close all entries at pos 30 or 40 pips. unless i'm not looking. I have an automatic TP of 80. I hate to see green pips disappear. I will rather re-enter again at another point.
  • #76,911
  • Jul 22, 2008 1:37pm Jul 22, 2008 1:37pm
Quoting nAVIN2007
id aim for the weekly pivot but after today ..i definately aint holding this long..
this better not turn into a bearish flag that pole will kill us
Navin,

Just want to say great trading earlier...
I just couldn't hold on & crashed to get some zzz's. 'Look's like
you & Warta were right, -she finally turned South, big-time!

I think the "Yo-Yo" caller's were mostly right & the oil had the big
play on this today? Anyway, -congrat's man, 19906 didn't even hold!
Thanks,
Terrapin Pipper,

Jeff !
I will work to Objectively Identify my Edges
  • #76,912
  • Jul 22, 2008 1:41pm Jul 22, 2008 1:41pm
I am seeing cable testing this bottom trend line at around 9900, monday or tuesday of next week.

Most likely it will bounce hard.

However if it breaks strong then I will be trading the new down trend.

I held those 2 shorts from yesterday way to long but every indicator I looked at was so high in overbought that either cable was switching to trending mode from rangeing mode (not likely) or it had to head south. Lost one short to "to tight a stop." Almost accepted a big loss on the other 2.

Closing my shorts now at the bottom of the 5th wave of the down move on the 5 min. @ 9900. http://www.forexfactory.com/images/icons/icon14.gif
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  • #76,913
  • Jul 22, 2008 1:43pm Jul 22, 2008 1:43pm
Quoting Abuawad
who agree with me if cable break 1.9880 then we can see 1.9800 is there any chancess for it today! i don't know really...
but we will see during the day its very risk to enter short or long for me now.
I think it will happen between today and tomorrow... I would love to see 9950 first though...
Patience + Discipline - Greed = Success
  • #76,914
  • Jul 22, 2008 1:49pm Jul 22, 2008 1:49pm
Quoting Infinity
I think it will happen between today and tomorrow... I would love to see 9950 first though...
yeah it'll be very good entry for short but if it broken then mabye we will see new high more than 2.01XX
i'm not news annalysis but who have any idea about the incoming news in the next two days will provide us a very big help...
  • #76,915
  • Jul 22, 2008 1:49pm Jul 22, 2008 1:49pm
Quoting Abuawad
who agree with me if cable break 1.9880 then we can see 1.9800 is there any chancess for it today! i don't know really...
but we will see during the day its very risk to enter short or long for me now.
I partially agree! Here's what I'm looking for, if 1.994x holds, we're heading south to 1.985x. I'm personally looking for an entry around the 1.994x area short to target 1.985x. If we don't go back up to test 1.994x, then I'll have my longs set around the 1.985x area to target 1.993x. Both of these entries to me are low risk high reward possiblities.
Just digging in the trenches like everyone else!
  • #76,916
  • Jul 22, 2008 1:50pm Jul 22, 2008 1:50pm
Quoting Infinity
I think it will happen between today and tomorrow... I would love to see 9950 first though...
You looking to short around this area? I am!
Just digging in the trenches like everyone else!
  • #76,917
  • Jul 22, 2008 1:51pm Jul 22, 2008 1:51pm
Quoting AmeriTrini
I didnt say they weren't, but you can trade this market without them because if I used them I would be broke
They're not a trading system by themselves, but no-one can deny they add an extra edge to trading.
  • #76,918
  • Jul 22, 2008 2:19pm Jul 22, 2008 2:19pm
Selling resumes if 1.9900 is broken. I would sell at 1.9885
  • #76,919
  • Jul 22, 2008 2:28pm Jul 22, 2008 2:28pm
Quoting Abuawad
yeah it'll be very good entry for short but if it broken then mabye we will see new high more than 2.01XX
i'm not news annalysis but who have any idea about the incoming news in the next two days will provide us a very big help...
I agree. I am watching the day close before making another move. If we close below the 200sma, that would be a good sign...

Quoting eohater
You looking to short around this area? I am!
Yup....as long as price action is in agreement..
Patience + Discipline - Greed = Success
  • #76,920
  • Jul 22, 2008 2:32pm Jul 22, 2008 2:32pm
Quoting Infinity
I think it will happen between today and tomorrow... I would love to see 9950 first though...

totally agree
i really quite worried about the long that i have..i have a feeling this is a flag (bearish)
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