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Cable Update (GBPUSD)

  • #78,561
  • Jul 29, 2008 9:11am Jul 29, 2008 9:11am
this could be interesting if it breaks through this support. And it looks to be doing that.
USD Est Non Mortuus
  • #78,562
  • Jul 29, 2008 9:14am Jul 29, 2008 9:14am
Quoting Runway Trade
Jump out to early at 19885. Wanted to go long but had a meeting that went on for ever. Going to wait for this drop to stoll before going long. could go down to 1.9790!? Oil dropping and dollar getting stronger? Must be gold dropping that is giving dollar strenght?

On a fundamental level, it's dollar positive economic data.

On a technical level, the price of crude oil has dipped below it's 100-day SMAat $122, a critical level of support. The 200-day SMA is at the $110 level.

Today's strength in the dollar is not related to gold.
  • #78,563
  • Jul 29, 2008 9:14am Jul 29, 2008 9:14am
Wow, just got back in to see my long in the RED .... Will have to wait and see what happens later
  • #78,564
  • Jul 29, 2008 9:19am Jul 29, 2008 9:19am
My Sunday chart could very well be in play.

http://www.forexfactory.com/showpost...ostcount=77960
USD Est Non Mortuus
  • #78,565
  • Jul 29, 2008 9:20am Jul 29, 2008 9:20am
i long 19820
i dont know maybe its too early to do so...
  • #78,566
  • Jul 29, 2008 9:20am Jul 29, 2008 9:20am
Still waiting for tp at 1.9763
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #78,567
  • Jul 29, 2008 9:25am Jul 29, 2008 9:25am
Quoting fontu
Still waiting for tp at 1.9763
fontu

Nice same target for me. THen im longing on the retrace back to 9870 area then short again to 196 !
  • #78,568
  • Edited 9:40am Jul 29, 2008 9:28am | Edited 9:40am
Quoting poweredbuyer
Nice same target for me. THen im longing on the retrace back to 9870 area then short again to 196 !
Sounds about right. Then long for me 96xx
USD Est Non Mortuus
  • #78,569
  • Jul 29, 2008 9:28am Jul 29, 2008 9:28am
really2 bad day for me
  • #78,570
  • Jul 29, 2008 9:30am Jul 29, 2008 9:30am
what heppen to u bro??
  • #78,571
  • Jul 29, 2008 9:44am Jul 29, 2008 9:44am
just closed from 9875....was nice trade indeed!
  • #78,572
  • Jul 29, 2008 9:47am Jul 29, 2008 9:47am
Quoting mrmunir
what heppen to u bro??
bcoz im long
  • #78,573
  • Jul 29, 2008 9:49am Jul 29, 2008 9:49am
Quoting AMFfx
bcoz im long
same...this is sh*t day..
  • #78,574
  • Jul 29, 2008 9:53am Jul 29, 2008 9:53am
Quoting AMFfx
really2 bad day for me
.....hopefully tommorrow will be a better day!
  • #78,575
  • Jul 29, 2008 9:54am Jul 29, 2008 9:54am
Quoting Runway Trade
Jump out to early at 19885. Wanted to go long but had a meeting that went on for ever. Going to wait for this drop to stoll before going long. could go down to 1.9790!? Oil dropping and dollar getting stronger? Must be gold dropping that is giving dollar strenght?
Good that u were in a meeting....
  • #78,576
  • Jul 29, 2008 10:01am Jul 29, 2008 10:01am
Quoting LuckyLurker
Sounds about right. Then long for me 96xx
Yes I think like this too - I don't think 'oh it's going to 1.82 in a straight line'

Whatever the direction, I like to bet counter to recent huge movements

It's always better to do this when the huge movement is counter to the trend of course, but it's too tempting -- however, if the movement is counter trend, I like it to drop hugely TWICE as I have been caught out looking for the bounce after 1 drop

Anyway, just woken up with hay fever eye and cat scratches so i will fuel up on 2 more coffees before deciding, but my 3 overnight shorts cashed out great - of course we wish we didnt have t/p's on but lets not be greedy !

Can't wait for 1.96xx before going long - wish i could - it's all too volatile and i just bet contrary when it's like this - at the first sign of life - no the second
  • #78,577
  • Jul 29, 2008 10:04am Jul 29, 2008 10:04am
it's time to go long i guess.... hopefully rebound to 986x....
please make this a pleasant week for me...
  • #78,578
  • Jul 29, 2008 10:05am Jul 29, 2008 10:05am
Quoting allserene
of course we wish we didnt have t/p's on but lets not be greedy !
Exactly. Stick to the rules. Pointless changing TP's just coz you "think" the trend will continue. There needs to be a reason.
  • #78,579
  • Jul 29, 2008 10:08am Jul 29, 2008 10:08am
Movements flat , ready for another short or some retracements ?? all positions closed with profits .waiting
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #78,580
  • Jul 29, 2008 10:13am Jul 29, 2008 10:13am
Quoting okinuriko
it's time to go long i guess.... hopefully rebound to 986x....
please make this a pleasant week for me...
9800 is just sticky. If it can hold a break of it, could go much lower.
USD Est Non Mortuus
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