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Cable Update (GBPUSD)

  • #83,461
  • Aug 21, 2008 9:41am Aug 21, 2008 9:41am
hope you can forgive me for being unfaithful, but cable is keeping step with the euro so i am using the 0.9 pip spread on euro for my scalping
  • #83,462
  • Aug 21, 2008 10:05am Aug 21, 2008 10:05am
Having all this expected movements today after seeing the mortgage turmoils specially "Speculation swirls arroung US mortgage giants -fannie mae and freddie mac" posted in the morning, still difficult to cope with such actions , longs rapidly green but shorts taken before rapidly negative too .Did not close those shorts as thought it will be up & down movements at least . Anyway good experienece & now waiting for any down movements though uptrend perhaps not yet finished,waiting for chance NOW.

happy trading everybody.

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #83,463
  • Aug 21, 2008 11:00am Aug 21, 2008 11:00am
i see cable still behaving funny i must admitt i didnt expect it to come up this far...all of a suden usd losses strength..funny ???
  • #83,464
  • Aug 21, 2008 11:05am Aug 21, 2008 11:05am
Quoting nAVIN2007
i see cable still behaving funny i must admitt i didnt expect it to come up this far...all of a suden usd losses strength..funny ???
oil!!
  • #83,465
  • Aug 21, 2008 11:08am Aug 21, 2008 11:08am
Quoting nAVIN2007
i see cable still behaving funny i must admitt i didnt expect it to come up this far...all of a suden usd losses strength..funny ???
yeah funny, and friday tomorrow will be more fun................
I Deeply Love My Virtual Life In Virtual World , RLC
  • #83,466
  • Aug 21, 2008 11:11am Aug 21, 2008 11:11am
Quoting AmeriTrini
oil!!
i notice also candlestick patterns go out of the window as well..
welldone bro..i hope u still long i think u have a good one here..
  • #83,467
  • Aug 21, 2008 11:11am Aug 21, 2008 11:11am
Quoting notme32
yeah funny, and friday tomorrow will be more fun................
what u think about tommorw then? its holding at moment?
  • #83,468
  • Aug 21, 2008 11:15am Aug 21, 2008 11:15am
Quoting nAVIN2007
i notice also candlestick patterns go out of the window as well..
welldone bro..i hope u still long i think u have a good one here..
Still long!! not giving up till I get my target of 1.8796!!!! although I expect it to break higher........
  • #83,469
  • Aug 21, 2008 11:26am Aug 21, 2008 11:26am
Quoting AmeriTrini
Still long!! not giving up till I get my target of 1.8796!!!! although I expect it to break higher........
good one ...
  • #83,470
  • Aug 21, 2008 11:36am Aug 21, 2008 11:36am
Quoting nAVIN2007
i see cable still behaving funny i must admitt i didnt expect it to come up this far...all of a suden usd losses strength..funny ???
oil is going up a lot - 5 dollars so far

we are only trading oil and technicals dont matter
  • #83,471
  • Aug 21, 2008 11:37am Aug 21, 2008 11:37am
this thing will be below 18700 when US closes. It has bounced off the resistance and now get ready for the fall
  • #83,472
  • Aug 21, 2008 11:44am Aug 21, 2008 11:44am
DJIA is positive! S&P is positive! NASDAQ is approaching positve!

I concur that oil is driving this up and devaluing the $.
Just digging in the trenches like everyone else!
  • #83,473
  • Aug 21, 2008 11:50am Aug 21, 2008 11:50am
Quoting eohater
DJIA is positive! S&P is positive! NASDAQ is approaching positve!

I concur that oil is driving this up and devaluing the $.
but we also now know ....that the dollar remaining high in strength is top agenda..will the feds manipulate the market again to try and keep oil down?....we in a grey area here
  • #83,474
  • Aug 21, 2008 11:51am Aug 21, 2008 11:51am
Quoting eohater
DJIA is positive! S&P is positive! NASDAQ is approaching positve!

I concur that oil is driving this up and devaluing the $.
are u in a trade at moment?
  • #83,475
  • Aug 21, 2008 11:53am Aug 21, 2008 11:53am
Quoting islan405
what u think about tommorw then? its holding at moment?
what i think ? i dont......

but still prefer long, buy a dip......
I Deeply Love My Virtual Life In Virtual World , RLC
  • #83,476
  • Aug 21, 2008 11:59am Aug 21, 2008 11:59am
what im seeing?
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  • #83,477
  • Aug 21, 2008 11:59am Aug 21, 2008 11:59am
Quoting islan405
are u in a trade at moment?
Not currently. I missed the bull run. Now I'm waiting for a new entry. Long or short I don't know at this time. I would kind of expect this to retest 1.868x area, but oil is truly driving this. As oil goes up, the value of the $ decreases.
Just digging in the trenches like everyone else!
  • #83,478
  • Aug 21, 2008 12:04pm Aug 21, 2008 12:04pm
I've changed my mind, I think after the last few days testing bars we are likely to see the marketmove up for the next few days. I got out of my short scalping only 6 pips cos I hd to go to work. Still a profit is still a profit.
please DON'T copy my trades I am still learning
  • #83,479
  • Aug 21, 2008 12:05pm Aug 21, 2008 12:05pm
Quoting eohater
DJIA is positive! S&P is positive! NASDAQ is approaching positve!

I concur that oil is driving this up and devaluing the $.
All my oil related stocks are booming but watch the DOW tomorrow - it will come off
  • #83,480
  • Aug 21, 2008 12:05pm Aug 21, 2008 12:05pm
Quoting nAVIN2007
what im seeing?
I like it! You've made a good point: "are we setting up for a mother of a fall" We very well could be.
Just digging in the trenches like everyone else!
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