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Cable Update (GBPUSD)

  • #83,361
  • Aug 21, 2008 1:39am Aug 21, 2008 1:39am
Have gone short at 1.8680.
please DON'T copy my trades I am still learning
  • #83,362
  • Aug 21, 2008 1:40am Aug 21, 2008 1:40am
strange movement for GU right now??
  • #83,363
  • Aug 21, 2008 1:44am Aug 21, 2008 1:44am
Quoting Cary_FX
Nice Call Bye. What made you enter that trade?
see

http://www.forexfactory.com/showthread.php?t=100950
  • #83,364
  • Aug 21, 2008 1:49am Aug 21, 2008 1:49am
Just closed my long from yesterday. Nice one. Happy trading people
  • #83,365
  • Aug 21, 2008 1:55am Aug 21, 2008 1:55am
This could rise all day possibly. Look at the daily charts... long tails for a few days now indicating that it's not happy staying down at those levels... But until we have a daily close with a higher high then I wouldn't put my house on a sustained up-move.

Gold and oil rising too which should help cable.

Just remember "it's a jungle out there"!
  • #83,366
  • Aug 21, 2008 1:56am Aug 21, 2008 1:56am
I just entered short at 1.8689. But not so confident with this though.
I hope your shorts are not killing you.

USD is getting weak after being overbought for a week.
  • #83,367
  • Aug 21, 2008 2:04am Aug 21, 2008 2:04am
the problem is there 2 pins on dailly one after the other...how far up will it go b4 it comes down..another thing we have been consolidating and relieving the underbought condition..(see dailly) this tells me we looking at possibly another huge drop...

retail sales ....looks like it gonna send cable up!
  • #83,368
  • Aug 21, 2008 2:05am Aug 21, 2008 2:05am
what's the consensus on the next low?
please DON'T copy my trades I am still learning
  • #83,369
  • Aug 21, 2008 2:06am Aug 21, 2008 2:06am
Quoting BurgerKing
I just entered short at 1.8689. But not so confident with this though.
I hope your shorts are not killing you.

USD is getting weak after being overbought for a week.
Bleeding!
Keep It Simple Stupid
  • #83,370
  • Aug 21, 2008 2:08am Aug 21, 2008 2:08am
I see it going up a bit more maybe. Looking for short entry, but not at this level. If it starts dropping from here then I will be looking for long much lower down. 1.85xx??
  • #83,371
  • Edited 2:49am Aug 21, 2008 2:12am | Edited 2:49am
buy limit 18657

stop 18615 > change to 18645 ...only 12 pips stop

target 18724

valid 3 hours
  • #83,372
  • Aug 21, 2008 2:12am Aug 21, 2008 2:12am
Quoting DJ4x
I see it going up a bit more maybe. Looking for short entry, but not at this level. If it starts dropping from here then I will be looking for long much lower down. 1.85xx??
In my earlier post, I said that GU's Daily MACD is reaching positive suggesting the GU selloff is nearing the bottom. Having said that, I will be looking to BUY GU @ 1.8550s with stop a little above 1.8500

BTW.. I am not expecting it to drop to 1.8550 but I sure am "HOPING", good for our shorts and the pockets in it.
  • #83,373
  • Aug 21, 2008 2:15am Aug 21, 2008 2:15am
Quoting BurgerKing
In my earlier post, I said that GU's Daily MACD is reaching positive suggesting the GU selloff is nearing the bottom. Having said that, I will be looking to BUY GU @ 1.8550s with stop a little above 1.8500
  • #83,374
  • Aug 21, 2008 2:42am Aug 21, 2008 2:42am
Good. An alternative for buyers will be above 1.8720 with the targets 1.8760/80, 1.8800/20.
{Promotion Removed}
  • #83,375
  • Aug 21, 2008 2:45am Aug 21, 2008 2:45am
uppppppppppppp gggggggggguuuuuuuuuuuuuuuuuu
  • #83,376
  • Aug 21, 2008 2:54am Aug 21, 2008 2:54am
DOWN !!!!
  • #83,377
  • Aug 21, 2008 3:04am Aug 21, 2008 3:04am
checkout the price action...coming like we in a war...people must getting killed..
  • #83,378
  • Aug 21, 2008 3:05am Aug 21, 2008 3:05am
Quoting nAVIN2007
checkout the price action...coming like we in a war...people must getting killed..
Sure is like a war alright. There is a shouting match going on in the forum too.
Expected the unexpected
  • #83,379
  • Aug 21, 2008 3:06am Aug 21, 2008 3:06am
wat do u peeps tink abot the news coming out in some minutes time
  • #83,380
  • Aug 21, 2008 3:09am Aug 21, 2008 3:09am
Quoting oolides
wat do u peeps tink abot the news coming out in some minutes time
not easy to know but it should come out green and cable rise up a bit ....but who the hell knows dailly say down
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