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Cable Update (GBPUSD)

  • #82,961
  • Aug 19, 2008 7:25am Aug 19, 2008 7:25am
Quoting bbmac
right now they are playing Barry Manilow on smoothradio.com, and if that doesn't prove that there ain't no god, I don't know what does !! Also i don't know whether it's me but the singers in the background seem to be chanting 'Short' then 'Long' so all in all I'm completely confused.
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  • #82,962
  • Aug 19, 2008 7:30am Aug 19, 2008 7:30am
Guys this is a Forex Forum, better to concentrate on the charts.
  • #82,963
  • Aug 19, 2008 7:39am Aug 19, 2008 7:39am
im seeing more down here...but long isnt to far away i think ...still no signals....
sorry forgot news was released..hence down...rofl
  • #82,964
  • Aug 19, 2008 7:43am Aug 19, 2008 7:43am
Quoting Alastair
thanx!
Hope that worked out OK for you Alastair. I still think the day will be a bit whippy, good for scalping if your in the mood, but a little dangerous. Good luck.
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  • #82,965
  • Aug 19, 2008 7:50am Aug 19, 2008 7:50am
PPI data just came out. Headline and core way up.......Inflation way up.

This gives the Fed call to raise rates.

Euro and GBP will have to cut rates to help their econ before they can focus on inflation.

Housing still in the pits but that was expected.

I think the down trend remains in tact. Sell Rallies.
  • #82,966
  • Aug 19, 2008 7:55am Aug 19, 2008 7:55am
intraday situation turns potentially rangy-bearish now, that sais the ascending support trend line shown here on 30min has it's 2nd test and holds (for now)
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ex member
  • #82,967
  • Aug 19, 2008 8:01am Aug 19, 2008 8:01am
Good sell here at 80s.

Easy 10 ticks to take out the hourly lows.
  • #82,968
  • Aug 19, 2008 8:07am Aug 19, 2008 8:07am
i know this is a cable thread but i think eur is very close for a long ..im just waiting to see if i can get a good 1hr signal..we practically near a support..and also similiar here
  • #82,969
  • Aug 19, 2008 8:09am Aug 19, 2008 8:09am
My ealier Post 82935 fxbroker Aug 19 9:13 am.
Today's is bearish but condition at initial moment mixed.

I am buying back to 86990, with stop loss just below 85350.
Price need to totally clear above 85930 for bulls to make it to 86990 Let see. I will not open my back at all.

This call produced +50pips to 8630. Mixed news came out from the US.

What next. Take the same stand when you find fractal openings for buy, and trade up, till you made enough pips for the day and if you want to be Greedy that is up to you.

Ideal place for buy will be around 8530. If you enter buy before then, have a stop loss in place.

This is not a scam but simplicity of applying God's patterns.
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Instead of reading meanings from post, people look for where to punch holes, i think these people are trading demos or not interested curing their losses.
  • #82,970
  • Aug 19, 2008 8:10am Aug 19, 2008 8:10am
Quoting nAVIN2007
i know this is a cable thread but i think eur is very close for a long ..im just waiting to see if i can get a good 1hr signal..we practically near a support..and also similiar here
dont fight the trend
wait for resistances to be broken and enter
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,971
  • Aug 19, 2008 8:12am Aug 19, 2008 8:12am
Im long 1,8577 t/p 1,8625 s/l 1,8545
  • #82,972
  • Aug 19, 2008 8:17am Aug 19, 2008 8:17am
what a swing up
  • #82,973
  • Aug 19, 2008 8:19am Aug 19, 2008 8:19am
Quoting salah k.
dont fight the trend
wait for resistances to be broken and enter

i hear u actually im not trading just makig mnetal notes of positions market is very much mixed..it could go either way ...but trend is down so ...im really looking for a solid reason to long otherwise im shorting this bitch..
  • #82,974
  • Aug 19, 2008 8:20am Aug 19, 2008 8:20am
Quoting Uphios
Hope that worked out OK for you Alastair. I still think the day will be a bit whippy, good for scalping if your in the mood, but a little dangerous. Good luck.
I stuck to my guns!
it came all the way back down, close it and still made a small profit!
Keep It Simple Stupid
  • #82,975
  • Aug 19, 2008 8:22am Aug 19, 2008 8:22am
Quoting Alastair
I stuck to my guns!
it came all the way back down, close it and still made a small profit!
I thought you were short and long with me last night. Did you close your long out before 1.862x and go short again too early?
Just digging in the trenches like everyone else!
  • #82,976
  • Aug 19, 2008 8:22am Aug 19, 2008 8:22am
Quoting nAVIN2007
i hear u actually im not trading just makig mnetal notes of positions market is very much mixed..it could go either way ...but trend is down so ...im really looking for a solid reason to long otherwise im shorting this bitch..

good thinkin man
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,977
  • Aug 19, 2008 8:23am Aug 19, 2008 8:23am
Quoting salah k.
dont fight the trend
wait for resistances to be broken and enter
I fight the trend all the time, BUT with Salah's money
  • #82,978
  • Aug 19, 2008 8:26am Aug 19, 2008 8:26am
Quoting eohater
I thought you were short and long with me last night. Did you close your long out before 1.862x and go short again too early?
I did indeed. started panicking
Emotions are a bugger!
should never let them get in the way!
Keep It Simple Stupid
  • #82,979
  • Aug 19, 2008 8:27am Aug 19, 2008 8:27am
Quoting Alastair
I stuck to my guns!
it came all the way back down, close it and still made a small profit!
Good move. I hold practically all my trades through whatever comes as I feel we will always see the number again, however this can take a lot of funding. I have a rule that I apply that goes along with this approach and that is if a position goes against me to the point I wish I had not taken it then I never add and I am out as soon as I am offered a pip or two over break even.
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  • #82,980
  • Aug 19, 2008 8:28am Aug 19, 2008 8:28am
Quoting salah k.
good thinkin man

So todays news essentially translates to the fact that an interest rate hike is almost warranted now by the US Feds? ...

This is what im thinking Fisher will indicate at 10:00am EST. Anyone elses thoughts?

As for me. Im short since 8730 Stop at break even ... THis is a set and forget trade ... my target 7730 ... ETA by End of September.

Only then will I consider a long perhaps.
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