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Cable Update (GBPUSD)

  • #77,161
  • Jul 23, 2008 10:08am Jul 23, 2008 10:08am
Attached Image
When life gives you lemons, make lemonade
  • #77,162
  • Jul 23, 2008 10:09am Jul 23, 2008 10:09am
Quoting eohater
Cool Infinity! Good trading!
Quoting nAVIN2007
welldone man ..i can see your a trader knowing what he is doing...keep up the good work bro
Thanks guys...
Patience + Discipline - Greed = Success
  • #77,163
  • Jul 23, 2008 10:10am Jul 23, 2008 10:10am
nAVIN, have you closed your longs yet? I hope you got the ride them to 2.002x
Just digging in the trenches like everyone else!
  • #77,164
  • Jul 23, 2008 10:11am Jul 23, 2008 10:11am
Quoting micho
Micho, this is why I say F*(k the news. It's soo damn emotional and everyone has their finger on the trigger. I like the higher charts to take to emotion out of the trade.
Just digging in the trenches like everyone else!
  • #77,165
  • Jul 23, 2008 10:12am Jul 23, 2008 10:12am
oo.. >.<
im on short..
is cable will down for today?
T_T
  • #77,166
  • Jul 23, 2008 10:13am Jul 23, 2008 10:13am
Quoting eohater
I would like to see this hit 1.985x area and long the hell out of it.

I don't think we will see this today. Might get there tomorrow
whats the average time you keep an order running... i guess what I mean is if you are ygoing to keep the short running throughout the day........
  • #77,167
  • Jul 23, 2008 10:14am Jul 23, 2008 10:14am
Quoting yank
already place long at 1.9980. TP 2.0020
Please don't take offense to my comment earlier about your trade. I can see this heading back up to the 2.001x area before the US session closes.

I hope your trade is working out for you and trade your trade not someone elses. Good luck!
Just digging in the trenches like everyone else!
  • #77,168
  • Jul 23, 2008 10:16am Jul 23, 2008 10:16am
Quoting eohater
Please don't take offense to my comment earlier about your trade. I can see this heading back up to the 2.001x area before the US session closes.

I hope your trade is working out for you and trade your trade not someone elses. Good luck!
O_O!! aaargh.. im still on short~
will it going to any lower area before closing? such as 960?
  • #77,169
  • Jul 23, 2008 10:16am Jul 23, 2008 10:16am
*panic~
  • #77,170
  • Jul 23, 2008 10:18am Jul 23, 2008 10:18am
Quoting eohater
Micho, this is why I say F*(k the news. It's soo damn emotional and everyone has their finger on the trigger. I like the higher charts to take to emotion out of the trade.
i dont trade the news either
When life gives you lemons, make lemonade
  • #77,171
  • Jul 23, 2008 10:19am Jul 23, 2008 10:19am
Quoting bkg102665
From the info I can find it looks like crude inventories declined so that should be doolar negative, oil prices should rise based on the figures I am seeing.
That can really go either way.
USD Est Non Mortuus
  • #77,172
  • Jul 23, 2008 10:19am Jul 23, 2008 10:19am
lol another one
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When life gives you lemons, make lemonade
  • #77,173
  • Jul 23, 2008 10:23am Jul 23, 2008 10:23am
Quoting Manny
whats the average time you keep an order running... i guess what I mean is if you are ygoing to keep the short running throughout the day........
My average time is probably about 4 hours. Example, I went short before the London session at 1.9945 and got closed out at 1.9940 this order only lasted about 30 mins. My long at 1.9920 lasted for 4 hours and closed itself out at 2.0010. My short now has been closed at 1.9970 and only lasted for 3 1/2 hours. Now I await a new entry after the US Session closes. I use 240 and 360 charts.
Just digging in the trenches like everyone else!
  • #77,174
  • Jul 23, 2008 10:25am Jul 23, 2008 10:25am
Quoting LuckyLurker
That can really go either way.
You are correct, I guess you have to have a little more detail than just crude inventories alone
Please ask questions and share your experiences with us all!
  • #77,175
  • Jul 23, 2008 10:29am Jul 23, 2008 10:29am
Quoting iflogic
O_O!! aaargh.. im still on short~
will it going to any lower area before closing? such as 960?
which closing are you talking about, the US closing? I don't think we will see 1.9960 again before the US Session closes. I'm thinking we will go back to the 2.002x area and retest and closed around here before falling lower. Here's what I'm seeing this closing the US Session around 2.001x area and then falling to 1.985x area then back up. I would really like to see the 1.985x area so I can reload my longs for a couple of days to the sky.

What price are you in at?
Just digging in the trenches like everyone else!
  • #77,176
  • Jul 23, 2008 10:35am Jul 23, 2008 10:35am
So all the central banks are saying they want to put interest rates up but all their economies are feeling sick already

Sounds like my daughter saying she is going to get a job and stop smoking and get a land line

What is best for cable - 0.5% on interest rates or GDP that is not accelerating downwards ? There is the rub

No confidence anywhere = dithering markets - where is the catalyst to make cable go to 2.04 ? Is it worth getting an extra 0.5%pa on your money if you risk a 15% devaluation ?

I predict continuing dither so continuing scalping in the range bound market for me
  • #77,177
  • Jul 23, 2008 10:37am Jul 23, 2008 10:37am
NuB, have you jumped ship yet? Don't forget to look at your charts through the smoke.
Just digging in the trenches like everyone else!
  • #77,178
  • Jul 23, 2008 10:38am Jul 23, 2008 10:38am
Quoting allserene
I predict continuing dither so continuing scalping in the range bound market for me
Take em however you can get them.
Just digging in the trenches like everyone else!
  • #77,179
  • Jul 23, 2008 10:39am Jul 23, 2008 10:39am
Quoting eohater
which closing are you talking about, the US closing? I don't think we will see 1.9960 again before the US Session closes. I'm thinking we will go back to the 2.002x area and retest and closed around here before falling lower. Here's what I'm seeing this closing the US Session around 2.001x area and then falling to 1.985x area then back up. I would really like to see the 1.985x area so I can reload my longs for a couple of days to the sky.

What price are you in at?
yup. US.
ok then.. tq ~.~ i think i hav to change my position to long
  • #77,180
  • Jul 23, 2008 10:49am Jul 23, 2008 10:49am
Quoting iflogic
yup. US.
ok then.. tq ~.~ i think i hav to change my position to long
Sometimes people jump ship to quick. Positions need to breathe. There are not that many buyers up here, just people taking profit from their shorts. Changing to long now might just be chasing pips.
Just digging in the trenches like everyone else!
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