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Cable Update (GBPUSD)

  • #82,061
  • Aug 13, 2008 9:16am Aug 13, 2008 9:16am
Quoting micho
sorry man but i think its the fibonacci 400% but i have until 300% and im too lazy to draw more

imagine my stop loss hit at 1.9023 then 350 pips down loooooooooooooool
i need xanax see ya

i had almost the same short position last night but i closed it with + 15
i sold gbr at 8955 my profit point was 8825 and stop loss was 1.9010

... i was thinking to move stop loss up to 1.9040 cause on my chart it was big resistance , but i didnt ... too scared of the upcoming news from UK
  • #82,062
  • Aug 13, 2008 9:17am Aug 13, 2008 9:17am
Quoting NuB
1.8645-30 then 1.8619-1.8590
This thing is going for 400 PIPS in one day
And you want me to hold a LONG.
Don't Get Bitter, Get Better
  • #82,063
  • Aug 13, 2008 9:22am Aug 13, 2008 9:22am
think daily support probably at 18595<>75 window , 4h support 18647 area
  • #82,064
  • Aug 13, 2008 9:24am Aug 13, 2008 9:24am
What was the reason for that fall??
{Promotion Removed}
  • #82,065
  • Aug 13, 2008 9:25am Aug 13, 2008 9:25am
Quoting NuB
This thing is going for 400 PIPS in one day
And you want me to hold a LONG.
i would like agrree with you, but i can't. the usd is showing weakness on other pairs, it'll start showing on this pair too
  • #82,066
  • Aug 13, 2008 9:27am Aug 13, 2008 9:27am
Quoting NuB
Thats a good point. I'll keep that TL (1.9000+) in mind. But we need a weekly (if not monthly) close below to be a significant break IMHO. If it keeps going down and closes below 1.8200 by friday or anytime soon, then all bets might be off for longs.
Real Talk
Don't Get Bitter, Get Better
  • #82,067
  • Aug 13, 2008 9:27am Aug 13, 2008 9:27am
Wow...this is a disaster (for who still hold longs from 1.90 ), but, this is historical for cable...big boys taking big profits!

Still holding a long from 1.8765, with some adjustement on SL for +50 pips...let´s see! :nerd:

Good luck & success!
  • #82,068
  • Aug 13, 2008 9:29am Aug 13, 2008 9:29am
Im speak english bad, sorry.

Dow Jones - Down
Oil - Up
Gold - Up
Gbp/Usd - Up

Small...
  • #82,069
  • Aug 13, 2008 9:42am Aug 13, 2008 9:42am
Quoting NuB
And thats the ball game.
TP hit.
AND IM SPENT
I'll see you guys tomorrow. More pips for all
WHAT EVERY YOU DO, DON'T HOLD LONG YET. IMO
I didn't say, don't scalp.
Don't Get Bitter, Get Better
  • #82,070
  • Aug 13, 2008 9:50am Aug 13, 2008 9:50am
Quoting artsameer
What was the reason for that fall??
Speculation, my dear...just it...big boys with a big pocket!

Good luck & success!
  • #82,071
  • Aug 13, 2008 9:58am Aug 13, 2008 9:58am
hey guys im in a SELL who knows where this thing is going....





No buy hold or sell
  • #82,072
  • Aug 13, 2008 10:05am Aug 13, 2008 10:05am
Quoting Clouds
Yes, I'm aware of the TL 1.41, but if u draw parallel lines, it appears to be in this channel now.
Attachment
Then here are the others
Attachment
Hi everyone
Yes this is my first post (just received posting approval) and yes I am new to trading.
After reading through many of your posts it seems that the majority of traders in this thread are are Intraday or Scalping, and I find it hard to understand why T/L are drawn from 2002/2003 to today, making it the support and then some traders expect a retrace by the end of days trading. Surely by using a six year time frame any retrace is going to be over a measure of time more in keeping with such a T/F. Or maybe I'm missing something.
Also I know I will be accused of 20/20 rear view vision but the Uk seems to be behind the States in terms of recession, so where cable soared
its now time for it to dive as we have been seeing since August 1st when it seemed to start its desent into freefall. Only one other question why why why so many Traders want to battle upstream, against the current, against the flow, against the TREND?
This is not being sarchastic, but its so that I may be better able to understand and learn from any feedback. Thank you
  • #82,073
  • Aug 13, 2008 10:05am Aug 13, 2008 10:05am
Quoting SamuelOnline
Speculation, my dear...just it...big boys with a big pocket!

Good luck & success!

i think this is the only reason
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  • #82,074
  • Aug 13, 2008 10:05am Aug 13, 2008 10:05am
Quoting NuB
I didn't say, don't scalp.
When life gives you lemons, make lemonade
  • #82,075
  • Aug 13, 2008 10:06am Aug 13, 2008 10:06am
Quoting Mr PIP DADDY
hey guys im in a SELL who knows where this thing is going....





No buy hold or sell

In my 4 years of trading forex I have never been more baffled. The US dollar recovery seems almost to good to be true (if you were on the right side) moves like this could make you quite wealthy.

I personally don't see an END anytime soon. Gone are the days of a 2.00 GBP/USD and a 1.6 EUR/USD.


Something shady is gone on in terms of intervention and I hope that it fails in the long term.

Technical analysis proves to be worthless at this point. Trust your got and long the dollar until the end of the year.

my confused 2 cents.
  • #82,076
  • Aug 13, 2008 10:11am Aug 13, 2008 10:11am
What's up everyone! I'm back from Canada and I see that cable has found a new home in the pits of Hell!
Just digging in the trenches like everyone else!
  • #82,077
  • Aug 13, 2008 10:12am Aug 13, 2008 10:12am
Quoting poweredbuyer
In my 4 years of trading forex I have never been more baffled. The US dollar recovery seems almost to good to be true (if you were on the right side) moves like this could make you quite wealthy.

I personally don't see an END anytime soon. Gone are the days of a 2.00 GBP/USD and a 1.6 EUR/USD.


Something shady is gone on in terms of intervention and I hope that it fails in the long term.

Technical analysis proves to be worthless at this point. Trust your got and long the dollar until the end of the year.

my confused 2 cents.


I totaly agree we will see what happens
  • #82,078
  • Aug 13, 2008 10:13am Aug 13, 2008 10:13am
bush is talking there goes the market..
  • #82,079
  • Aug 13, 2008 10:16am Aug 13, 2008 10:16am
Hi GUerzz... what is wrong with cable now?? Isn't it going to stop?
I mean.. man...! Dollar does not give any chance for Poundsterling to move!!
  • #82,080
  • Aug 13, 2008 10:21am Aug 13, 2008 10:21am
Quoting eohater
What's up everyone! I'm back from Canada and I see that cable has found a new home in the pits of Hell!

I don't mean to laugh, before I left for Canada, I had longs open. They've been closed out for one hell of a loss of 17K. I feel everyone's pain that has lost money on this pair this month! August always sucks, I'm thinking next year I won't even trade her during the month of August.
Just digging in the trenches like everyone else!
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