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Cable Update (GBPUSD)

  • #83,081
  • Aug 20, 2008 12:38am Aug 20, 2008 12:38am
might be waiting for the news that's coming out at 04:30am EST
  • #83,082
  • Aug 20, 2008 1:11am Aug 20, 2008 1:11am
GBP news in 2 hrs. Expecting a huge sell-off after that when people see how bearich UK MPC was.
Expected the unexpected
  • #83,083
  • Aug 20, 2008 1:35am Aug 20, 2008 1:35am
Does anybody see a double bottom formation on 1 day chart?
  • #83,084
  • Aug 20, 2008 1:45am Aug 20, 2008 1:45am
Am short @ 1.8673
TP @ 1.8575
SL @ 00000 (cos anything can happen)
Hope i can eat breakfast with proceeds from it... Have a good trading day
  • #83,085
  • Aug 20, 2008 1:46am Aug 20, 2008 1:46am
Quoting Batonas
Does anybody see a double bottom formation on 1 day chart?
I just see pennant/triangle on 1hr/4hr tf
  • #83,086
  • Aug 20, 2008 1:58am Aug 20, 2008 1:58am
sell off is right, MACD showing signs of sell off caught 15 pips. should of held on for more. anyone else on the bear side?
Might see 8600 soon
  • #83,087
  • Aug 20, 2008 2:06am Aug 20, 2008 2:06am
i hope it will short alot

i am stuck with a short of 1.4580 since 24hours ago
  • #83,088
  • Aug 20, 2008 2:16am Aug 20, 2008 2:16am
I Long cable at 1.8614
  • #83,089
  • Aug 20, 2008 2:17am Aug 20, 2008 2:17am
Quoting trading801
i hope it will short alot

i am stuck with a short of 1.4580 since 24hours ago
hope'ing and pray'ing is not the way to trade.
  • #83,090
  • Aug 20, 2008 2:20am Aug 20, 2008 2:20am
no choice bro when i am stuck with such a position lol
  • #83,091
  • Aug 20, 2008 2:21am Aug 20, 2008 2:21am
Long Cable LonG!!!
  • #83,092
  • Aug 20, 2008 2:22am Aug 20, 2008 2:22am
pair return to supports 1.8600/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For short-term buyers’ positions on condition of formation of topping signals the targets will be 1.8660/80, 1.8700/20 and/or further breakout variant up to 1.8760/80, 1.8820/40, 1.8880/1.8900.
An alternative for sells will be below 1.8570 with the targets 1.8510/30, 1.8460/80.
{Promotion Removed}
  • #83,093
  • Aug 20, 2008 2:24am Aug 20, 2008 2:24am
Quoting Ya-Razzaq
Long Cable LonG!!!
if it breaks this level it should go down quite a bit. i think.
Keep It Simple Stupid
  • #83,094
  • Aug 20, 2008 2:30am Aug 20, 2008 2:30am
Quoting trading801
no choice bro when i am stuck with such a position lol
Remmember the trend is your friend. Just have in mind that GBP news is around the corner.
  • #83,095
  • Aug 20, 2008 2:31am Aug 20, 2008 2:31am
Quoting Ya-Razzaq
Long Cable LonG!!!
It has retreated more than 70 pips.....do you think its time to long now ???
  • #83,096
  • Aug 20, 2008 2:32am Aug 20, 2008 2:32am
Quoting belekas
Remmember the trend is your friend. Just have in mind that GBP news is around the corner.
which way do you see it going?
Keep It Simple Stupid
  • #83,097
  • Aug 20, 2008 2:32am Aug 20, 2008 2:32am
Quoting Ya-Razzaq
I Long cable at 1.8614
Why do you think so Raz?

Meanwhile, what do you also think about the GBP MPC news report for 4:30.

This news has never favoured me so i shall be out before then and just watch the impact (or may be key in mid way)
  • #83,098
  • Aug 20, 2008 2:33am Aug 20, 2008 2:33am
Quoting belekas
Remmember the trend is your friend. Just have in mind that GBP news is around the corner.
bro thats why i shorted! and it went up over 100 pips yesterday..
  • #83,099
  • Aug 20, 2008 2:36am Aug 20, 2008 2:36am
Quoting Alastair
which way do you see it going?
Down, every moove Up i consider as a retrace. I would be carefull playing countertrend mooves, but thats just me. Being picky about your trades will save you health and money.
  • #83,100
  • Aug 20, 2008 2:38am Aug 20, 2008 2:38am
Quoting belekas
Down, every moove Up i consider as a retrace. I would be carefull playing countertrend mooves, but thats just me. Being picky about your trades will save you health and money.
you correct about the health part!!
chopped about 10 years off my life yesterday, but its all good now!
thanx for your honest reply.
Keep It Simple Stupid
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