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Cable Update (GBPUSD)

  • #80,361
  • Aug 6, 2008 11:57am Aug 6, 2008 11:57am
Quoting allserene
and his priests love you even more if you are a little boy with cute shorts ...

Anyway, enough creative betting techniques , lets see cable evolve into 1.98 and I will be in heaven
Trading is 80% Emotional, 20% Technical
  • #80,362
  • Aug 6, 2008 11:59am Aug 6, 2008 11:59am
Quoting allserene
Please re-phrase
i mean where u r beside the pc u dont need to put sell order or buy order as u can do it manualy so i noticed that most of ppl here use sell and buy order even when they r around

anyway
lets have a look to this chart

Attached Image (click to enlarge)
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  • #80,363
  • Aug 6, 2008 12:03pm Aug 6, 2008 12:03pm
Quoting Abuawad
OK i think i'll take the remaining week off, i just close the best short i had from three years.
from 1.9850 to 1.9470, 380 pips...
seeeeeeeeeeee yaaa
That is awesome! Now jump on the boat long to 1.98 and reshort it again once we get there.
Just digging in the trenches like everyone else!
  • #80,364
  • Aug 6, 2008 12:05pm Aug 6, 2008 12:05pm
Quoting poweredbuyer
Im long at 9320 :-)

We will get there after the news release tommorow. BTW I'm thinkin im done with Forex. Im finding it alot simpler (technically) to trade the Mini's or indices ... anybody else trade other markets?

Honestly guys if you havent given it a try ... learn cause its more stress free imo

stress if u wana join the market with every move up or down like u wana catch all pips , no one can do this and be sure trade more = stress more = more risk
  • #80,365
  • Aug 6, 2008 12:07pm Aug 6, 2008 12:07pm
Quoting eohater
That is awesome! Now jump on the boat long to 1.98 and reshort it again once we get there.

BTW dude where you going to in Canada? ... Toronto perhaps?
  • #80,366
  • Aug 6, 2008 12:08pm Aug 6, 2008 12:08pm
Quoting poweredbuyer
BTW dude where you going to in Canada? ... Toronto perhaps?
Not that far! Wawa Canada. We do an annual fly in fishing trip for 6 days! It's great, I get to fish, smoke spiffs and just relax without any charts!
Just digging in the trenches like everyone else!
  • #80,367
  • Aug 6, 2008 12:10pm Aug 6, 2008 12:10pm
Quoting Abuawad
OK i think i'll take the remaining week off, i just close the best short i had from three years.
from 1.9850 to 1.9470, 380 pips...
seeeeeeeeeeee yaaa

NICE!!!.........
  • #80,368
  • Aug 6, 2008 12:30pm Aug 6, 2008 12:30pm
Quoting Infinity
possible inverted h&s coming up on 15m
I got 50 pips from this inverted shampoo but it is a good thing I did'nt target higher because I wasn't watching this trade......Congrats to all the shorts... I will not enter another trade until the day closes but the pound looks weaker than Olive in the Popeye cartoon right now...

If we get a close above the red tl and the lower blue tl, I may consider long ...
Attached Image (click to enlarge)
Click to Enlarge Name: day bid.GIF Size: 25 KB
Patience + Discipline - Greed = Success
  • #80,369
  • Aug 6, 2008 12:33pm Aug 6, 2008 12:33pm
Ok everyone! I'm outta here until Monday night! I hope everyone bags alot of pips!
Just digging in the trenches like everyone else!
  • #80,370
  • Aug 6, 2008 12:52pm Aug 6, 2008 12:52pm
Quoting eohater
That is awesome! Now jump on the boat long to 1.98 and reshort it again once we get there.

lol yeah jump in for long if you plan to lose your 380 profit hahahahah
When life gives you lemons, make lemonade
  • #80,371
  • Aug 6, 2008 12:52pm Aug 6, 2008 12:52pm
Quoting eohater
Ok everyone! I'm outta here until Monday night! I hope everyone bags alot of pips!
u too bro ...have a good holiday..
  • #80,372
  • Aug 6, 2008 12:56pm Aug 6, 2008 12:56pm
What do you guyz think about tomorrow interest rate statement?

myself i believe there will be hike in rate..

thnx..
  • #80,373
  • Aug 6, 2008 12:57pm Aug 6, 2008 12:57pm
Quoting Srikanth
What do you guyz think about tomorrow interest rate statement?

myself i believe there will be hike in rate..

thnx..

stay at 5%....
  • #80,374
  • Aug 6, 2008 1:32pm Aug 6, 2008 1:32pm
Quoting Srikanth
What do you guyz think about tomorrow interest rate statement?

myself i believe there will be hike in rate..

thnx..
If that happens we can see the pound weakness come to a end for the short term, which would be lovely since I am long...........
  • #80,375
  • Aug 6, 2008 1:50pm Aug 6, 2008 1:50pm
hold at 5% with the usual Mr. B voting for a cut. 9-1
  • #80,376
  • Aug 6, 2008 1:53pm Aug 6, 2008 1:53pm
after this week i might just look at weekly charts this is crazy....it look a certainity we going to test 1.9450 tomorrow..where will this end...
  • #80,377
  • Aug 6, 2008 2:04pm Aug 6, 2008 2:04pm
Quoting nAVIN2007
after this week i might just look at weekly charts this is crazy....it look a certainity we going to test 1.9450 tomorrow..where will this end...

9350
  • #80,378
  • Aug 6, 2008 2:04pm Aug 6, 2008 2:04pm
Quoting nAVIN2007
after this week i might just look at weekly charts this is crazy....it look a certainity we going to test 1.9450 tomorrow..where will this end...
Navin, you are right, I have been doing the trade for several months and this is really crazy because it's started decreasing the price from 1.9961 and without even 50 pips retracement this bad boy been down and down and down and I had the same question yesterday night when this son of $%@
gonna end. Then I decided to looked up the strength of my accounts then I exited my accounts since this morning when I saw its low was 1.9460.

I think there is a light in the end of every tunnel, If I compare with the last two bottom bottom 1.9360 (May 14th) and 1.9411 (June 14th) then August 6th (1.9460) could be the end of this range (1.9340 - 2.0161).

I was long since Sunday night and for the last 3 nights and 3 days my eyes have been tired to see the low number again and again and all of my expectations from technical indicators and previous lows went away and right now I don't expect anything.
  • #80,379
  • Aug 6, 2008 2:13pm Aug 6, 2008 2:13pm
Quoting Srikanth
What do you guyz think about tomorrow interest rate statement?

myself i believe there will be hike in rate..

thnx..
You have to crazy to think they will do a rate hike. We will be lucky if they don't make some kind of remarks to hint at a rate reduction. My most educated guess, stay at 5%.
Expected the unexpected
  • #80,380
  • Aug 6, 2008 2:15pm Aug 6, 2008 2:15pm
Quoting scyang
You have to crazy to think they will do a rate hike. We will be lucky if they don't make some kind of remarks to hint at a rate reduction. My most educated guess, stay at 5%.

I totally agree there is NO CHANCE IN HELL a rate hike can happen. They are about to slip into (I think they have slipped) a recession ... how could they raise rates? If anything they may Cut rates (Higher probability).

Perhaps that was just some humour SriKanth come on dude ;-)
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