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Cable Update (GBPUSD)

  • #83,561
  • Aug 22, 2008 12:49am Aug 22, 2008 12:49am
Quoting nAVIN2007
this is not the way to trade...i hope yur not in the trade anymore..

if u want 10 pips then yur SL should be 10 pips away incase it goes wrong..10 pips trade is overtrading and if u looked at the 4hr chart ud have seen this move down...however i do believe its a retracement for up...this can only be confirmed so long as the bottom support dont break...

anways i just wanted to point out that the 4hr chart showed this fall ....
what's up bro? I'm feeling like it's about time to go long.
Just digging in the trenches like everyone else!
  • #83,562
  • Aug 22, 2008 12:50am Aug 22, 2008 12:50am
Quoting nAVIN2007
im might buy at 1.8611...i wonder if it will reach this if it break this the fall is going to be massive...as the bulls will have taken another beating...
At that price, might as well wait until 1.854x. Cheaper price tag!
Just digging in the trenches like everyone else!
  • #83,563
  • Aug 22, 2008 12:51am Aug 22, 2008 12:51am
I jumped in long. Might be a touch early... let's see.

G10
Enlightened.
  • #83,564
  • Aug 22, 2008 12:53am Aug 22, 2008 12:53am
Quoting eohater
...
My current position is short at 1.8760....
It's about time to close this out and go long for me. I would like to see it confirm 1.8670 is the final fall. I've played off the 1.866x price all week. I would think this will hold it from falling any more.
Just digging in the trenches like everyone else!
  • #83,565
  • Aug 22, 2008 12:58am Aug 22, 2008 12:58am
Quoting nAVIN2007
this is not the way to trade...i hope yur not in the trade anymore..

if u want 10 pips then yur SL should be 10 pips away incase it goes wrong..10 pips trade is overtrading and if u looked at the 4hr chart ud have seen this move down...however i do believe its a retracement for up...this can only be confirmed so long as the bottom support dont break...

anways i just wanted to point out that the 4hr chart showed this fall ....
thanks for the comment, I got out of the long position and holding short now.
  • #83,566
  • Aug 22, 2008 1:01am Aug 22, 2008 1:01am
Quoting Agent-Pipen
thanks for the comment, I got out of the long position and holding short now.
Why do you go short?
We are going up.. becarefull with your short.
  • #83,567
  • Aug 22, 2008 1:04am Aug 22, 2008 1:04am
Quoting Ya-Razzaq
Why do you go short?
We are going up.. becarefull with your short.
I believe the short play is just about over.

Good Luck
Enlightened.
  • #83,568
  • Aug 22, 2008 1:04am Aug 22, 2008 1:04am
Quoting eohater
At that price, might as well wait until 1.854x. Cheaper price tag!
Attached Image (click to enlarge)
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  • #83,569
  • Aug 22, 2008 1:06am Aug 22, 2008 1:06am
My short is closed out. I'm happy with that trade. Now, let's see if long is a good move. I'd like to ride this to 1.876x
Just digging in the trenches like everyone else!
  • #83,570
  • Aug 22, 2008 1:06am Aug 22, 2008 1:06am
Quoting Galeforce 10
I believe the short play is just about over.

Good Luck
Yes.
Nomore short from now.
We are going to North.
  • #83,571
  • Aug 22, 2008 1:06am Aug 22, 2008 1:06am
Tis a beautiful day for me...

Was short from 1.8745 and Tp 1.8675... you know what that gave me? 70pips. I feel like Ya Razzaq.. Even better as am new on the trade.

Now am Long (1.8673). Am going to say my prayers... and get it to 1.8725.

Guys, what do you think about the 4:30news (not fully started trading the news)
  • #83,572
  • Aug 22, 2008 1:08am Aug 22, 2008 1:08am
Quoting eohater
My short is closed out. I'm happy with that trade. Now, let's see if long is a good move. I'd like to ride this to 1.876x
Let's go for the gold... t/p for me is 1.8855

Good Trading to everyone.

G10
Enlightened.
  • #83,573
  • Aug 22, 2008 1:10am Aug 22, 2008 1:10am
Quoting Ya-Razzaq
Why do you go short?
We are going up.. becarefull with your short.
y do u say we are going up?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #83,574
  • Aug 22, 2008 1:11am Aug 22, 2008 1:11am
Quoting peulthai
Tis a beautiful day for me...

Was short from 1.8745 and Tp 1.8675... you know what that gave me? 70pips. I feel like Ya Razzaq.. Even better as am new on the trade.

Now am Long (1.8673). Am going to say my prayers... and get it to 1.8725.

Guys, what do you think about the 4:30news (not fully started trading the news)

If you ask Warren Forex what his opinion is on the news, he will give you about 200 posts worth, and you'll be even more confused.

Focus on your chart is my advice.

P.S. If you don't know who Warren Forex is, just look him up in search and read some of his posts, you'll get my drift.

G10
Enlightened.
  • #83,575
  • Aug 22, 2008 1:11am Aug 22, 2008 1:11am
Quoting peulthai
Tis a beautiful day for me...

Was short from 1.8745 and Tp 1.8675... you know what that gave me? 70pips. I feel like Ya Razzaq.. Even better as am new on the trade.

Now am Long (1.8673). Am going to say my prayers... and get it to 1.8725.

Guys, what do you think about the 4:30news (not fully started trading the news)
Nice trade on the short!

I wish I could comment about the news, but I'm not a fundamental trader.
Just digging in the trenches like everyone else!
  • #83,576
  • Aug 22, 2008 1:11am Aug 22, 2008 1:11am
Quoting Galeforce 10
Let's go for the gold... t/p for me is 1.8855

Good Trading to everyone.

G10

yes.. i also set my tp at 1.8850
  • #83,577
  • Aug 22, 2008 1:12am Aug 22, 2008 1:12am
Quoting eohater
My short is closed out. I'm happy with that trade. Now, let's see if long is a good move. I'd like to ride this to 1.876x
this week i think we likely to get a doji on weekly..then im loading up like bitch..
  • #83,578
  • Aug 22, 2008 1:15am Aug 22, 2008 1:15am
This is why I'm long! Plus I want to justify closing my short.
Attached Image (click to enlarge)
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Just digging in the trenches like everyone else!
  • #83,579
  • Aug 22, 2008 1:16am Aug 22, 2008 1:16am
Uk Gdp # due at 0930am london time, may have an effect on near term direction of this pairing. Forecasts are for a weakening in the Q2 and y/y # but like retail sales y/day may surprise to the upside.

Any stengthening should see £ buy and any weakening £ sell if conventional wisdom holds true, but hey...this is cable and just lately...!!?? Lol

G/l all.
ex member
  • #83,580
  • Aug 22, 2008 1:18am Aug 22, 2008 1:18am
Quoting Galeforce 10
Let's go for the gold... t/p for me is 1.8855

Good Trading to everyone.

G10
I'm not greedy! I'll probably set a trailing sl on this and go to bed.
Just digging in the trenches like everyone else!
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