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Cable Update (GBPUSD)

  • #77,181
  • Jul 23, 2008 10:51am Jul 23, 2008 10:51am
i was for a breif secongd in the green ....looks like that was the retracement for up...market is confusing me big time
  • #77,182
  • Jul 23, 2008 10:52am Jul 23, 2008 10:52am
Quoting nAVIN2007
i was for a breif secongd in the green ....looks like that was the retracement for up...market is confusing me big time
Tomorrow nAV......... I'm going short here too.
  • #77,183
  • Jul 23, 2008 10:53am Jul 23, 2008 10:53am
Quoting eohater
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.
yup. n thats ok.
coz i got my pips too
thx all for you.
wooff..
loss turned to profit so quick.. and before its going to loss again.. i'm out already.
  • #77,184
  • Jul 23, 2008 10:56am Jul 23, 2008 10:56am
Quoting DJ4x
Tomorrow nAV......... I'm going short here too.
i keep forgeting about the news ...crude oil ..figures were bad ....thats what did it..
  • #77,185
  • Jul 23, 2008 11:01am Jul 23, 2008 11:01am
Quoting yank
already place long at 1.9980. TP 2.0020
Did you get you pips? I hope you stayed in there with your trade!
Just digging in the trenches like everyone else!
  • #77,186
  • Jul 23, 2008 11:04am Jul 23, 2008 11:04am
Quoting nAVIN2007
i keep forgeting about the news ...crude oil ..figures were bad ....thats what did it..
Are you short nAVIN? if so, what's your price? I'm contemplating another short. Unfortunately, this would be a trade outside of my normal, but I want this damn thing to go down to 1.985x so load the longs.
Just digging in the trenches like everyone else!
  • #77,187
  • Jul 23, 2008 11:05am Jul 23, 2008 11:05am
TP was done.

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!
Thx for your attention...but i have a comitment. if a place a trade, i never change it, or in different word called dicipline.
  • #77,188
  • Jul 23, 2008 11:06am Jul 23, 2008 11:06am
Quoting eohater
Did you get you pips? I hope you stayed in there with your trade!
Yep..My TP was trigered
  • #77,189
  • Jul 23, 2008 11:06am Jul 23, 2008 11:06am
Quoting yank
TP was done.
Just digging in the trenches like everyone else!
  • #77,190
  • Jul 23, 2008 11:08am Jul 23, 2008 11:08am
Quoting yank
Yep..My TP was trigered
  • #77,191
  • Jul 23, 2008 11:10am Jul 23, 2008 11:10am
i cant make any sense of where this is headed!! Its all too confusing. may be time to look at other pairs!
  • #77,192
  • Jul 23, 2008 11:11am Jul 23, 2008 11:11am
its always confusing
When life gives you lemons, make lemonade
  • #77,193
  • Jul 23, 2008 11:14am Jul 23, 2008 11:14am
Quoting Gubster
i cant make any sense of where this is headed!! Its all too confusing. may be time to look at other pairs!
i thought it was quite simple to be honest?! or am i seeing something different to you.....
Trading is 80% Emotional, 20% Technical
  • #77,194
  • Jul 23, 2008 11:14am Jul 23, 2008 11:14am
Quoting Gubster
i cant make any sense of where this is headed!! Its all too confusing. may be time to look at other pairs!
Other pairs are'nt going to make it any easier. Focus on one and you will get there.
  • #77,195
  • Jul 23, 2008 11:17am Jul 23, 2008 11:17am
anyone else short again at 2.002x?
Just digging in the trenches like everyone else!
  • #77,196
  • Jul 23, 2008 11:19am Jul 23, 2008 11:19am
Quoting eohater
anyone else short again at 2.002x?
short at 2.0021
  • #77,197
  • Jul 23, 2008 11:24am Jul 23, 2008 11:24am
short @ 2.0022
Keep It Simple Stupid
  • #77,198
  • Jul 23, 2008 11:25am Jul 23, 2008 11:25am
Quoting eohater
Are you short nAVIN? if so, what's your price? I'm contemplating another short. Unfortunately, this would be a trade outside of my normal, but I want this damn thing to go down to 1.985x so load the longs.
why 1.985x?
  • #77,199
  • Jul 23, 2008 11:26am Jul 23, 2008 11:26am
Quoting allserene
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
its been dithering for 2008 to be honest, preditable trading ranges, 2.04 does look onimous, perhaps rate hike like you say may provide the stimulus, would indicate that the british governement trying to show some sign of creditibilty by doing the right thing for once and encouring saving!

or are we just lagging behind the proverbial curve...
either case recession are natural part of the system that should be played out, preventing and avoiding a recession can have far worse consequences in long run, just look at fed rate rates - have they saved the US economy from recession ithink not! (although government intervention in the markets and business cycle in particular warrants a thread of its own to discuss!)

nice to see euro sterling finally sell off, good head and shoulder on 4hour chart ifany1 interested

talk of UK recession are way over done, consumers spending less??, just go try and fill up some petrol, buy some food, or even try going shopping at bluewater and you see the rush and queues!!

personally think that sell off in crude is very temporary, merely profit taking, consoldation then back up to new highs perhaps this year... $110 buy?!

sorry for the typos by the way
Trading is 80% Emotional, 20% Technical
  • #77,200
  • Jul 23, 2008 11:26am Jul 23, 2008 11:26am
Quoting yank
TP was done.



Thx for your attention...but i have a comitment. if a place a trade, i never change it, or in different word called dicipline.

Still holding enron shares ?
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