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Cable Update (GBPUSD)

  • #79,121
  • Jul 31, 2008 8:13am Jul 31, 2008 8:13am
Quoting LuckyLurker
ok price is at a crucial level. Lets see if this was just a kneejerk, or if this pair wants to continue the uptrend. I would assume some fast money was made and positions might close around here.
ive covered some anyway, was involved heavily there across the board, good to see some decent market moving data out of US for once! these are the days to make the most out of. ridiculously one sided risk reward.
Trading is 80% Emotional, 20% Technical
  • #79,122
  • Jul 31, 2008 8:14am Jul 31, 2008 8:14am
Quoting goranFX
good thing i didn`t try to catch a falling knife
is not smart to short without a confirmation specially after todays numbers
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #79,123
  • Jul 31, 2008 8:15am Jul 31, 2008 8:15am
Quoting hard1head1
5 Lots of G/U sold at 1.9880.........LOL

Anyone else?

Jim
I hope you did'nt just give away your money bro...
Patience + Discipline - Greed = Success
  • #79,124
  • Jul 31, 2008 8:15am Jul 31, 2008 8:15am
Well I'm good for today. I hope everyone holding longs since Tuesday is paying attention and closes positive. I'm off to bed. See you guys tomorrow.
Don't Get Bitter, Get Better
  • #79,125
  • Jul 31, 2008 8:16am Jul 31, 2008 8:16am
199.80 Maye?
  • #79,126
  • Jul 31, 2008 8:16am Jul 31, 2008 8:16am
oops maybe
  • #79,127
  • Jul 31, 2008 8:17am Jul 31, 2008 8:17am
Quoting Infinity
I hope you did'nt just give away your money bro...
was risky. He might be ok though.
USD Est Non Mortuus
  • #79,128
  • Jul 31, 2008 8:19am Jul 31, 2008 8:19am
price needed to touch this top before heading lower and the news was the fuel. However, if it jumps above here and holds, its a new ball game. NFP is sure to jerk around too.
USD Est Non Mortuus
  • #79,129
  • Jul 31, 2008 8:19am Jul 31, 2008 8:19am
got you
Quoting got pips?
is not smart to short without a confirmation specially after todays numbers
  • #79,130
  • Jul 31, 2008 8:21am Jul 31, 2008 8:21am
Quoting LuckyLurker
ok price is at a crucial level. Lets see if this was just a kneejerk, or if this pair wants to continue the uptrend. I would assume some fast money was made and positions might close around here.
that will make 2+2 = 5.
But 2+2=4

If GU rain, it rain hard. But I am out with 40 pips of previous day loss
instead of -50pips. That is what matters to me.

9874 or below is now more appropraite to enter long again
for upward move,
  • #79,131
  • Jul 31, 2008 8:23am Jul 31, 2008 8:23am
Quoting micho
huh??? swiss army?? whats that
Just an EA I found somewhere I preferrable use to close all trades of my terminal I can't or do not want to close manually. Just to bear 70000 cents I profited last 3 days .
started again .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #79,132
  • Jul 31, 2008 8:23am Jul 31, 2008 8:23am
I just closed my long for 85 pips at the touch of this tl. I have a meeting now and will look to reenter later..... good luck to all...
Attached Image
Patience + Discipline - Greed = Success
  • #79,133
  • Jul 31, 2008 8:23am Jul 31, 2008 8:23am
Congrats to all those holding longs these last 2-3 days. Patience is a virtue!!
Got some but left to many on the table
  • #79,134
  • Jul 31, 2008 8:25am Jul 31, 2008 8:25am
Quoting Infinity
I just closed my long for 85 pips at the touch of this tl. I have a meeting now and will look to reenter later..... good luck to all...

good stuff, hope every1 made some good £££ after that because that was actually easy after 2 days of ranging.
Trading is 80% Emotional, 20% Technical
  • #79,135
  • Jul 31, 2008 8:27am Jul 31, 2008 8:27am
I would have sh-t a gold brick if it went thru both those daily UTL's. later
  • #79,136
  • Jul 31, 2008 8:27am Jul 31, 2008 8:27am
happy trade all , if we close above 860 then tomorrow we will see 0070
  • #79,137
  • Jul 31, 2008 8:29am Jul 31, 2008 8:29am
Are we going short again already?
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Click to Enlarge Name: gbp.gif Size: 20 KB
  • #79,138
  • Jul 31, 2008 8:31am Jul 31, 2008 8:31am
Uk just vomited a weeks worth of very very bad news.. GDP did miss its forecast, but it still advanced at 1.9 percent annualized pace.Those US Unemployment claims though.. eeek.. scary scary.
USD Est Non Mortuus
  • #79,139
  • Jul 31, 2008 8:46am Jul 31, 2008 8:46am
US Business is healthy. Growing, signs of expansion. Thats a "very" good number.
USD Est Non Mortuus
  • #79,140
  • Jul 31, 2008 8:46am Jul 31, 2008 8:46am
Cable touched the monthly open, we ran nowhere fast this month again
Getting it right is NOT as important as not getting it wrong.
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