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Cable Update (GBPUSD)

  • #77,881
  • Jul 25, 2008 8:37am Jul 25, 2008 8:37am
hehe..... can't resist.
Long 1.9925
  • #77,882
  • Jul 25, 2008 8:48am Jul 25, 2008 8:48am
Quoting DJ4x
hehe..... can't resist.
Long 1.9925
Looks like you made a good call on that!!
Please ask questions and share your experiences with us all!
  • #77,883
  • Jul 25, 2008 8:56am Jul 25, 2008 8:56am
Quoting bkg102665
Looks like you made a good call on that!!
us mich 61.2
Trading is 80% Emotional, 20% Technical
  • #77,884
  • Jul 25, 2008 9:01am Jul 25, 2008 9:01am
Ok guys.... Looks like I am carrying it through the weekend maybe. Have a great weekend. Cya
  • #77,885
  • Jul 25, 2008 9:05am Jul 25, 2008 9:05am
530K new home sales and was revised before was 533K

mean fall
  • #77,886
  • Jul 25, 2008 9:06am Jul 25, 2008 9:06am
Quoting nAVIN2007
1.9922 but im looking to get out quick ...crap entry again ..
if it goes 2 pips below im out ...LOL

IM OUT ...was to dogdeball ..
right next to the 62ema and resting close to support...
this week for me been very tough 80 pips max whole week...still beter than a loss

Navin,

This is messed ... its been an amazing day "Fundamentally" for the US we should have easily been able to grap 100 + pips on the short. Such a slow reaction. I think this is a trap ... Bulls are really pushin this ... i think 2.01 is more likely now next week
  • #77,887
  • Jul 25, 2008 9:06am Jul 25, 2008 9:06am
14:00 US ECON: New Home Sales Fall but Follow Large Upward Revision Boston,
July 25. New home sales complete the trifecta of better-than-expected economic
news Friday. The 530k sales rate in June reached toward the high end of
economists' forecasts, though it was a 0.6% decline from May's revised rate of
533k. Census had previously reported May's rate to be 512k. More to follow.
  • #77,888
  • Edited 9:20am Jul 25, 2008 9:10am | Edited 9:20am
Quoting poweredbuyer
Navin,

This is messed ... its been an amazing day "Fundamentally" for the US we should have easily been able to grap 100 + pips on the short. Such a slow reaction. I think this is a trap ... Bulls are really pushin this ... i think 2.01 is more likely now next week

i know what u mean ...
the news could not be better for US....maybe every1 is in shock....it should go down thou..going up would be stupid, make no sense at all, anyway i got out again 2 pips ...might as well watch it fall or not. All i can say is traders see the long as A1 trade and if it goes down ...it changes everything bias becomes down, testing of 1.96 become a reality..every1 want to see different range.....god knows
  • #77,889
  • Jul 25, 2008 9:12am Jul 25, 2008 9:12am
40% of all US home sales are repos
  • #77,890
  • Jul 25, 2008 9:23am Jul 25, 2008 9:23am
I GET OUT AND IT FALL .....

what the hell
  • #77,891
  • Jul 25, 2008 9:28am Jul 25, 2008 9:28am
Quoting nAVIN2007
I GET OUT AND IT FALL .....

what the hell

Haha same here dude.

I don't think this will be a huge fall. Im lookin to buy again.
  • #77,892
  • Jul 25, 2008 9:32am Jul 25, 2008 9:32am
Quoting poweredbuyer
Haha same here dude.

I don't think this will be a huge fall. Im lookin to buy again.

if it falls more technically the long wont go pass 2.0 and the formation on the weekly suggest testing of downtrend break..since the upside has been tested six times and failed..and the bullish move today is counteracted...long looks dangerous now

but this is just my view

2.0 level been tested 6 times and failed..
dollar index is now in uptrend...
  • #77,893
  • Jul 25, 2008 9:34am Jul 25, 2008 9:34am
My long must have had an impressive gain while I was asleep pacific time..

I dreamed I owned a big male lion as a pet and it was hurt and I was cuddling it..

That must have been about the time cable peaked in London

Next time I will leave the lion at the vets and wake up and get on the computer
  • #77,894
  • Jul 25, 2008 9:38am Jul 25, 2008 9:38am
Quoting allserene
My long must have had an impressive gain while I was asleep pacific time..

I dreamed I owned a big male lion as a pet and it was hurt and I was cuddling it..

That must have been about the time cable peaked in London

Next time I will leave the lion at the vets and wake up and get on the computer


lion mean danger
  • #77,895
  • Jul 25, 2008 9:39am Jul 25, 2008 9:39am
Quoting allserene
My long must have had an impressive gain while I was asleep pacific time..

I dreamed I owned a big male lion as a pet and it was hurt and I was cuddling it..

That must have been about the time cable peaked in London

Next time I will leave the lion at the vets and wake up and get on the computer
hahaha joker !
  • #77,896
  • Jul 25, 2008 9:39am Jul 25, 2008 9:39am
The fact that we did not make a new high on the run up in addition to all this good us news, I would not go long right now... Price stopped at this 4h trendline and if it gets below the 4h 5sma, I think its heading down...
Attached Image (click to enlarge)
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Patience + Discipline - Greed = Success
  • #77,897
  • Jul 25, 2008 9:48am Jul 25, 2008 9:48am
Quoting Infinity
The fact that we did not make a new high on the run up in addition to all this good us news, I would not go long right now... Price stopped at this 4h trendline and if it gets below the 4h 5sma, I think its heading down...
or a bounce at thee fibo might change things
Attached Image (click to enlarge)
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  • #77,898
  • Jul 25, 2008 9:49am Jul 25, 2008 9:49am
Quoting nAVIN2007


lion mean danger
ok I will wire my head up to read my dreams - any lion dreams will trigger and automatic sell..

If I have a liz hurley dream I won't care about cable either way

If we see 1.9930 I will take the money and run, but I am playing with the market's money now so that's ok

I agree though that this has gone on long enough and everyone is scared over 2.0000 and it has been proved over and over again, and that has to mean us going down at some stage
  • #77,899
  • Jul 25, 2008 9:52am Jul 25, 2008 9:52am
Quoting Infinity
The fact that we did not make a new high on the run up in addition to all this good us news, I would not go long right now... Price stopped at this 4h trendline and if it gets below the 4h 5sma, I think its heading down...
Hey Infinity! Thanks for all the great charts, I read almost every one you post. Question: When you say "gets below the 4hr 5sma" do you mean that the candle has to close below or just move below. Thanks again for your interpretation.
  • #77,900
  • Jul 25, 2008 9:55am Jul 25, 2008 9:55am
now that i see how this has panned out im so glad i traded the way i did...imagine buying at 1.9840 seeing it go close to 2 and come back down...this is a hectic week
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