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Cable Update (GBPUSD)

  • #82,481
  • Aug 15, 2008 8:01am Aug 15, 2008 8:01am
Long at 1.8672
  • #82,482
  • Aug 15, 2008 8:03am Aug 15, 2008 8:03am
i am too
  • #82,483
  • Aug 15, 2008 8:03am Aug 15, 2008 8:03am
Quoting Fx1618
Long at 1.8672
Same here, long again at 1.8670
Just digging in the trenches like everyone else!
  • #82,484
  • Aug 15, 2008 8:04am Aug 15, 2008 8:04am
Guys who are long, where is your tp level? Assuming this is a countertrend trade, need to be real careful.
Expected the unexpected
  • #82,485
  • Aug 15, 2008 8:05am Aug 15, 2008 8:05am
Why long guys?
Keep It Simple Stupid
  • #82,486
  • Aug 15, 2008 8:05am Aug 15, 2008 8:05am
Quoting scyang
Guys who are long, where is your tp level? Assuming this is a countertrend trade, need to be real careful.
tp 1.8700 and 8730
  • #82,487
  • Aug 15, 2008 8:07am Aug 15, 2008 8:07am
Quoting scyang
Guys who are long, where is your tp level? Assuming this is a countertrend trade, need to be real careful.
Currently at 1.8758 Daily R1, but not Hard TP, never use them ...
  • #82,488
  • Aug 15, 2008 8:16am Aug 15, 2008 8:16am
us news in positive !!!!!!!!
  • #82,489
  • Aug 15, 2008 8:19am Aug 15, 2008 8:19am
Theoreticaly we should be shorting???
Keep It Simple Stupid
  • #82,490
  • Aug 15, 2008 8:20am Aug 15, 2008 8:20am
Quoting Alastair
Theoreticaly we should be shorting???

i agree
  • #82,491
  • Aug 15, 2008 8:21am Aug 15, 2008 8:21am
Quoting achnaide
i agree
so why the long positions?
Keep It Simple Stupid
  • #82,492
  • Aug 15, 2008 8:23am Aug 15, 2008 8:23am
Fundies > Long
Technicals 1hr/4hr > Long
I'm Long... but trade what you see and NOT what others say
  • #82,493
  • Aug 15, 2008 8:23am Aug 15, 2008 8:23am
Quoting Alastair
so why the long positions?
these entries made based on news...but US in positive again
  • #82,494
  • Aug 15, 2008 8:26am Aug 15, 2008 8:26am
so what about the high impact news in 30 min?
Keep It Simple Stupid
  • #82,495
  • Aug 15, 2008 8:27am Aug 15, 2008 8:27am
Quoting Alastair
so what about the high impact news in 30 min?

its confused now ... all news mixed, some positive some negative
  • #82,496
  • Aug 15, 2008 8:28am Aug 15, 2008 8:28am
I too was curious as to the longs in the 8670-75 area, just off the current daily high and just below resistance mentioned above. Whatever the case, g/l with them.

The U.s data released is generally historically low in impact, lest there be a big deviation from forecast (like all data) and although $ +'ve on ther face of it, the intraday market ignored the first release and carried on selling $ anyway after an initial knee-jerk small £ dip 10 pips or less, so perhaps that's a good sign to stay long £.

Of course what will happen, will happen, none of us know what and certainly there has been a strong recovery off the lows.
ex member
  • #82,497
  • Aug 15, 2008 8:30am Aug 15, 2008 8:30am
Quoting Alastair
so what about the high impact news in 30 min?
I'm not an expert, I already blew up two accounts and is busy with my third, this time taking it SLOOOOW.

Never only trade news... the charts usually already know whats gonna happen... 4hr - more seasoned traders and bigger institutions(presumable)
  • #82,498
  • Aug 15, 2008 8:35am Aug 15, 2008 8:35am
Quoting Fx1618
I'm not an expert, I already blew up two accounts and is busy with my third, this time taking it SLOOOOW.

Never only trade news... the charts usually already know whats gonna happen... 4hr - more seasoned traders and bigger institutions(presumable)
Im no expert either. i never trade news and especialy make sure i have no open positions when news is going to be released.
Keep It Simple Stupid
  • #82,499
  • Aug 15, 2008 8:46am Aug 15, 2008 8:46am
I changed my position from long at 1.8681. I closed at 1.8659 and took short at that level.
I think market still downward and big guys are going long on dollars.
We haven't seen any positive move on any daily or weekly charts to take a long postion.
I don't want to guess the bottom which I did from 1.97 and here I am when GBP at 1.86 level. Pulling my hair for not shorting from that level and took my profit from short at 1.98 level.
Follow the trend it's not over yet.
You will make more money holding your short then scalping 30/50 pips here and there.
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  • #82,500
  • Aug 15, 2008 8:51am Aug 15, 2008 8:51am
k i m goin short now
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