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Cable Update (GBPUSD)

  • #79,681
  • Aug 4, 2008 2:16pm Aug 4, 2008 2:16pm
Quoting mandoaddam
I'm now long from 1.9607 >>>> target 1.9813


Careful of making a certain tp. take what the market will give you. It might not get that far or it might go further that is what you have to gage. If you dont get to 1.9813 are you going to let it become a losing trade?
  • #79,682
  • Aug 4, 2008 2:19pm Aug 4, 2008 2:19pm
Quoting nAVIN2007
was thinking the same..
Nah, I'm looking longer term... I'm short from 1.9626 targeting 1.9460... had a typo earlier... corrected. If it retraces long tomorrow, I may place a long order as well.

Good trading to you all.

G10
Enlightened.
  • #79,683
  • Aug 4, 2008 2:21pm Aug 4, 2008 2:21pm
Quoting steelhead
Careful of making a certain tp. take what the market will give you. It might not get that far or it might go further that is what you have to gage. If you dont get to 1.9813 are you going to let it become a losing trade?
I'll get out at 3 points 1.9707 & 1.9772 and last 1.9813 ... what do u think ?
If you count on hope in any trade ……. Get out of it
  • #79,684
  • Aug 4, 2008 2:23pm Aug 4, 2008 2:23pm
If I keep watching this news on my platform, I might became a fundamental trader soon.

LOL, just kidding.

For the fundi guys, here we go...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: The UK outlook continued to worsen.png Size: 19 KB
Click to Enlarge Name: Crucial figures in store tomorrow in the [UK].png Size: 39 KB
  • #79,685
  • Aug 4, 2008 2:27pm Aug 4, 2008 2:27pm
I was just talking with my next door real estate agent......... man she is painting a bleak picture and we are in one of the more stable parts of the country

I am thinking dovish comments from the FED's tomorrow............. housing and the financials are not fixed yet.......... oil back up because it is still hurricane season, no reason for the drop today except speculation and still peak driving season, BoE still on hold later this week

Hope I am just not trying to talk myself into holding these longs @ 9658 & 9705.
  • #79,686
  • Aug 4, 2008 2:27pm Aug 4, 2008 2:27pm
Quoting mandoaddam
I'll get out at 3 points 1.9707 & 1.9772 and last 1.9813 ... what do u think ?


I guess I dont understand such concrete numbers. When I trade I moniter the trade if its not progressing I take some profit. I also consider though if the reason it is not moving is time of day or major news announcement.

Just my thoughts
  • #79,687
  • Aug 4, 2008 2:54pm Aug 4, 2008 2:54pm
Quoting Shilva
I was just talking with my next door real estate agent......... man she is painting a bleak picture and we are in one of the more stable parts of the country

I am thinking dovish comments from the FED's tomorrow............. housing and the financials are not fixed yet.......... oil back up because it is still hurricane season, no reason for the drop today except speculation and still peak driving season, BoE still on hold later this week

Hope I am just not trying to talk myself into holding these longs @ 9658 & 9705.
Shilva, I am with you and I would like to add-on few things along with your reasons for tomorrow, I have researched manufacturing production and Services PMI news that are coming for tonight and there are good chances that both news would come out positive based on the expectations and past history plus I am waiting for 4 HR Candle close which will be in 15 minutes and if it is closed @1.9630 or above then by Pre-UK trading it might go up to 1.9680-1.9700 and by the time when London opens until the news announcement at 4:30 am the cable might hit 1.9750 or so and if the news would be in green then it might hit 1.9850 by Tuesday morning or so...

I also have 3 longs @1.9725, 1.9737 and 1.9738 which I entered last night before the London Session open around 2:00 am-2:30 am.

Hopefully after tonight session and tomorrow's session, Cable might be in 1.9930 area or so.

Thanks,
  • #79,688
  • Aug 4, 2008 3:02pm Aug 4, 2008 3:02pm
Quoting asyed4
Shilva, I am with you and I would like to add-on few things along with your reasons for tomorrow, I have researched manufacturing production and Services PMI news that are coming for tonight and there are good chances that both news would come out positive based on the expectations and past history plus I am waiting for 4 HR Candle close which will be in 15 minutes and if it is closed @1.9630 or above then by Pre-UK trading it might go up to 1.9680-1.9700 and by the time when London opens until the news announcement at 4:30 am the cable might hit 1.9750 or so and if the news would be in green then it might hit 1.9850 by Tuesday morning or so...

I also have 3 longs @1.9725, 1.9737 and 1.9738 which I entered last night before the London Session open around 2:00 am-2:30 am.

Hopefully after tonight session and tomorrow's session, Cable might be in 1.9930 area or so.

Thanks,
thats scary
When life gives you lemons, make lemonade
  • #79,689
  • Aug 4, 2008 3:24pm Aug 4, 2008 3:24pm
Quoting asyed4
Shilva, I am with you and I would like to add-on few things along with your reasons for tomorrow, I have researched manufacturing production and Services PMI news that are coming for tonight and there are good chances that both news would come out positive based on the expectations and past history plus I am waiting for 4 HR Candle close which will be in 15 minutes and if it is closed @1.9630 or above then by Pre-UK trading it might go up to 1.9680-1.9700 and by the time when London opens until the news announcement at 4:30 am the cable might hit 1.9750 or so and if the news would be in green then it might hit 1.9850 by Tuesday morning or so...

I also have 3 longs @1.9725, 1.9737 and 1.9738 which I entered last night before the London Session open around 2:00 am-2:30 am.

Hopefully after tonight session and tomorrow's session, Cable might be in 1.9930 area or so.

Thanks,
Over 300 pips, in under 24hrs?????
  • #79,690
  • Aug 4, 2008 3:30pm Aug 4, 2008 3:30pm
Quoting AmeriTrini
Over 300 pips, in under 24hrs?????


I thought it was just me and the smoke in my head! I'm gonna hit the pipe again!
Just digging in the trenches like everyone else!
  • #79,691
  • Aug 4, 2008 3:44pm Aug 4, 2008 3:44pm
Quoting asyed4
Shilva, I am with you and I would like to add-on few things along with your reasons for tomorrow, I have researched manufacturing production and Services PMI news that are coming for tonight and there are good chances that both news would come out positive based on the expectations and past history plus I am waiting for 4 HR Candle close which will be in 15 minutes and if it is closed @1.9630 or above then by Pre-UK trading it might go up to 1.9680-1.9700 and by the time when London opens until the news announcement at 4:30 am the cable might hit 1.9750 or so and if the news would be in green then it might hit 1.9850 by Tuesday morning or so...

I also have 3 longs @1.9725, 1.9737 and 1.9738 which I entered last night before the London Session open around 2:00 am-2:30 am.

Hopefully after tonight session and tomorrow's session, Cable might be in 1.9930 area or so.

Thanks,
I thought this forum was serious. Cable is clearly bearish, also broken the H4 channel.
  • #79,692
  • Aug 4, 2008 3:48pm Aug 4, 2008 3:48pm
Well August started very bad for me... but anyways i need to wait until the month ends maybe it is not too bad
When life gives you lemons, make lemonade
  • #79,693
  • Aug 4, 2008 3:48pm Aug 4, 2008 3:48pm
Thank you AmeriTrini!
Just digging in the trenches like everyone else!
  • #79,694
  • Aug 4, 2008 3:50pm Aug 4, 2008 3:50pm
Quoting micho
Well August started very bad for me... but anyways i need to wait until the month ends maybe it is not too bad
We make money and we loose money! Just think of your losses as temporary loans that you will collect on with high interest!
Just digging in the trenches like everyone else!
  • #79,695
  • Aug 4, 2008 3:53pm Aug 4, 2008 3:53pm
Quoting eohater
We make money and we loose money! Just think of your losses as temporary loans that you will collect on with high interest!
i love it i love it
i am mad about 1 thing, my connection was on and off all day long ... and it doubled my loss but since i will get everything back with high interest then i wish i could lose more
When life gives you lemons, make lemonade
  • #79,696
  • Aug 4, 2008 3:53pm Aug 4, 2008 3:53pm
Quoting SpiderSystem
I thought this forum was serious. Cable is clearly bearish, also broken the H4 channel.
bearish, but it's oversold i think we might see 97 at least
  • #79,697
  • Aug 4, 2008 3:55pm Aug 4, 2008 3:55pm
Quoting micho
Well August started very bad for me... but anyways i need to wait until the month ends maybe it is not too bad

michooooooooo
  • #79,698
  • Aug 4, 2008 3:59pm Aug 4, 2008 3:59pm
Quoting for_idea
bearish, but it's oversold i think we might see 97 at least
of course maybe some retracement to 1.9650/97 (or not), I spoke to those people that have longs @1.9727, etc forex is for long term, no scalping, and intraday is hard too.
  • #79,699
  • Aug 4, 2008 4:06pm Aug 4, 2008 4:06pm
Quoting warta
michooooooooo
biloooooooooooooooo
When life gives you lemons, make lemonade
  • #79,700
  • Aug 4, 2008 4:07pm Aug 4, 2008 4:07pm
im in lebanon...

i have to sleep cause tomorrow work i catch you tomorrow
When life gives you lemons, make lemonade
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