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Cable Update (GBPUSD)

  • #78,261
  • Jul 28, 2008 12:45pm Jul 28, 2008 12:45pm
Quoting micho
here we go!

I think this move up is solely due to the DJI gettin kicked in the teeth yet again. I see a close around 9910-9920.

2.000 won't happen ... I hope ... :-(
  • #78,262
  • Jul 28, 2008 12:48pm Jul 28, 2008 12:48pm
Quoting Alastair
where??
i think we clearly broke the trend line
When life gives you lemons, make lemonade
  • #78,263
  • Jul 28, 2008 12:51pm Jul 28, 2008 12:51pm
19960 seems to be target
highest price was 19964
  • #78,264
  • Jul 28, 2008 12:51pm Jul 28, 2008 12:51pm
my trend line is broken on the 1HR and 4HR but i still dont see it going that high.
Maybe im just saying that because im short tho.
Keep It Simple Stupid
  • #78,265
  • Jul 28, 2008 1:04pm Jul 28, 2008 1:04pm
2 h after london is closed we can easily retrace to 1915
Dont ask me why.
  • #78,266
  • Jul 28, 2008 1:06pm Jul 28, 2008 1:06pm
Quoting 5ysfx
2 h after london is closed we can easily retrace to 1915
Dont ask me why.

Agree ... Also Palson is speaking in 20 mins so I expect that to turn things around to the downside.
  • #78,267
  • Jul 28, 2008 1:09pm Jul 28, 2008 1:09pm
check those two spike actions near 1996
  • #78,268
  • Jul 28, 2008 1:18pm Jul 28, 2008 1:18pm
Quoting 5ysfx
check those two spike actions near 1996
Meaning??
Keep It Simple Stupid
  • #78,269
  • Jul 28, 2008 1:22pm Jul 28, 2008 1:22pm
IMO those two spikes are some what of a short term indication we will have some retracement, I figure atleast back to the 1.9933
Please ask questions and share your experiences with us all!
  • #78,270
  • Jul 28, 2008 1:22pm Jul 28, 2008 1:22pm
These signals almost have never fooled me for 50 pips profit
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  • #78,271
  • Jul 28, 2008 1:25pm Jul 28, 2008 1:25pm
I love to play that late in the day retacement for around 30 pips almost every day.
Should be good for atleast 25 today if you got on the boat at the right time.
Please ask questions and share your experiences with us all!
  • #78,272
  • Jul 28, 2008 1:26pm Jul 28, 2008 1:26pm
Quoting Alastair
Meaning??
There is a Wall

u have to recoil then speed up and hit the wall with high momentum
  • #78,273
  • Jul 28, 2008 1:41pm Jul 28, 2008 1:41pm
Quoting Optimum
Im speak english bad. sorry.

Im short 1,9951 t/p : Tomorrow later from the news

Mortgage Approvals - Forecast : Bad
Net Lending to Individuals m/m - Forecast : Bad
CBI Distributive Trades Realized - Forecast : Bad

I like your style simple and clear ... good luck
  • #78,274
  • Jul 28, 2008 1:50pm Jul 28, 2008 1:50pm
Now 18 GMT. From 4 hours chart i can see it facing strong resitence at 1.9965. and going through a down channel.

From 1 hour chart5 i can see a doji for the previous candle. current candle is bearish and previous tip giving resistence. So I have just sold at 1.9951. Target 50 pip . Stop loss 30 pip.


I am just very new. Sodon't laugh if i m rediculios!
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  • #78,275
  • Jul 28, 2008 1:53pm Jul 28, 2008 1:53pm
this is like watchig paint dry..
Keep It Simple Stupid
  • #78,276
  • Jul 28, 2008 1:58pm Jul 28, 2008 1:58pm
Here is a perfect example how not to trade

I know better then this.

i had been planning that trade for a week for a bounce off ltl but convinced myself at the last minute that it was going to break lower.

Who knows how long i will have to hold these shorts. Have to start hedging if it heads any higher.
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  • #78,277
  • Jul 28, 2008 2:03pm Jul 28, 2008 2:03pm
Quoting Shilva
Here is a perfect example how not to trade

I know better then this.

i had been planning that trade for a week for a bounce off ltl but convinced myself at the last minute that it was going to break lower.

Who knows how long i will have to hold these shorts. Have to start hedging if it heads any higher.
What price level are your shorts at?
Just digging in the trenches like everyone else!
  • #78,278
  • Jul 28, 2008 2:09pm Jul 28, 2008 2:09pm
3 @ .1 - 9850
1 @ 1 -9880
1 @ 1- 9916
1 @ 1 - 9940
  • #78,279
  • Jul 28, 2008 2:12pm Jul 28, 2008 2:12pm
Quoting Shilva
3 @ .1 - 9850
1 @ 1 -9880
1 @ 1- 9916
1 @ 1 - 9940
you should be totally fine within the next 24-36 hrs
  • #78,280
  • Jul 28, 2008 2:14pm Jul 28, 2008 2:14pm
Quoting jinnah
Now 18 GMT. From 4 hours chart i can see it facing strong resitence at 1.9965. and going through a down channel.

From 1 hour chart5 i can see a doji for the previous candle. current candle is bearish and previous tip giving resistence. So I have just sold at 1.9951. Target 50 pip . Stop loss 30 pip.


I am just very new. Sodon't laugh if i m rediculios!
Welcome to this thread
When life gives you lemons, make lemonade
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