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Cable Update (GBPUSD)

  • #78,981
  • Jul 31, 2008 12:43am Jul 31, 2008 12:43am
Hi guys...how about this news....House price index.... next 18 minute
  • #78,982
  • Jul 31, 2008 1:03am Jul 31, 2008 1:03am
Quoting airwind
Hi guys...how about this news....House price index.... next 18 minute
-1.7% Worse news - Go short and we have almost 30-59 minutes to take short before London open...... But I am not sure after the news it was dropped till 1.9779 and it got up about 11 pips, I think once it reaches about 1.98000/1.9790 that is the right spot to do short..........
  • #78,983
  • Jul 31, 2008 1:09am Jul 31, 2008 1:09am
Man I love the forex. Time to go to work filling up my Money Bin.
Don't Get Bitter, Get Better
  • #78,984
  • Jul 31, 2008 1:10am Jul 31, 2008 1:10am
im waiting for london to open, maybe it takes a direction then??
Keep It Simple Stupid
  • #78,985
  • Jul 31, 2008 1:11am Jul 31, 2008 1:11am
Quoting NuB
Man I love the forex. Time to go to work filling up my Money Bin.
you a full time trader?
Keep It Simple Stupid
  • #78,986
  • Jul 31, 2008 1:11am Jul 31, 2008 1:11am
anyone short g/u now?
  • #78,987
  • Jul 31, 2008 1:14am Jul 31, 2008 1:14am
Quoting rogerdoger
anyone short g/u now?
Looks too bullish to short at this time. Could break to the top from here.
  • #78,988
  • Jul 31, 2008 1:15am Jul 31, 2008 1:15am
Quoting Alastair
you a full time trader?
Yes sir. Been part time for the past two years (no system, jump in jump out) but I had to step out on faith a couple months ago. And I aint look back since.
Don't Get Bitter, Get Better
  • #78,989
  • Jul 31, 2008 1:17am Jul 31, 2008 1:17am
Quoting NuB
Yes sir. Been part time for the past two years (no system, jump in jump out) but I had to step out on faith a couple months ago. And I aint look back since.
Nice one!!
Keep It Simple Stupid
  • #78,990
  • Jul 31, 2008 1:20am Jul 31, 2008 1:20am

GPB to aim at 1.9720, where a reversal should take place for
finalizing the whole slide from 2.0153. So a break above that level will set the
focus back on 2.0274.Sell below 1.9800 targeting 1.9720 level.
  • #78,991
  • Jul 31, 2008 1:21am Jul 31, 2008 1:21am
Quoting rogerdoger
anyone short g/u now?
me
  • #78,992
  • Jul 31, 2008 1:22am Jul 31, 2008 1:22am
Quoting rogerdoger
anyone short g/u now?
My interpretation is since both news (CC and nationwide) came out negative and there is no news until 7:30 am Advanced GDP news in US and that expecation is in green so I hope thre are plenty of hours for Cable to go down in terms of price action based on two bad news.

I am short at 1.9795, 1.97926 and 1.9779 and PT levels are S2 level areas between 1.9739-1.9750....
  • #78,993
  • Jul 31, 2008 1:23am Jul 31, 2008 1:23am
i have a long open at 1.9813 dragging on... lets see if its the 25% losing trade
When life gives you lemons, make lemonade
  • #78,994
  • Jul 31, 2008 1:33am Jul 31, 2008 1:33am
Quoting micho
i have a long open at 1.9813 dragging on... lets see if its the 25% losing trade
cool, i closed it at break even
When life gives you lemons, make lemonade
  • #78,995
  • Jul 31, 2008 1:34am Jul 31, 2008 1:34am


Quoting micho
cool, i closed it at break even
Keep It Simple Stupid
  • #78,996
  • Jul 31, 2008 1:36am Jul 31, 2008 1:36am
Quoting micho
cool, i closed it at break even
Where do you her going from here?
Keep It Simple Stupid
  • #78,997
  • Jul 31, 2008 1:37am Jul 31, 2008 1:37am
Quoting micho
cool, i closed it at break even
Cool you got lucky as it reached up to 1.9817 (Sell). I think Cable is dancing right now or consolidating until 2:00 am then after it will hopefully be turning down and it is the time for me to sleep as I am very sleepy and it is 2:35 am Eastern time and I have already setup my limits so good luck for all short guys and will see you Thursday morning in US eastern time....
  • #78,998
  • Jul 31, 2008 1:38am Jul 31, 2008 1:38am
Quoting Alastair
Where do you her going from here?
i dunno man im stand aside now. i just wanted to close this long...

maybe short at this time is better, but i am not in the market now
When life gives you lemons, make lemonade
  • #78,999
  • Jul 31, 2008 1:43am Jul 31, 2008 1:43am
Quoting eohater
Good stuff!

You still long? If so, what price?
1.9800
  • #79,000
  • Jul 31, 2008 1:43am Jul 31, 2008 1:43am
I am currently Long...usd losing value in all currency oil had a bullish day as well...

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