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Cable Update (GBPUSD)

  • #83,901
  • Aug 25, 2008 2:38am Aug 25, 2008 2:38am
Quoting Agent-Pipen
Just wondering what was the reason for some of you to go short?

I've noticed the MCAD heading up and price 3 hours ago was falling but, now heading north same as MCAD direction..

5 min chart please review.
Actually the one hour chart is also positive indicating gbp/usd heading back upwards, that's why i went long before that quick upwards movement hapened. i believe gbp/usd has exhausted bearish levels... just my opinion
  • #83,902
  • Aug 25, 2008 2:40am Aug 25, 2008 2:40am
second trade long so far +35 pips...
  • #83,903
  • Aug 25, 2008 2:48am Aug 25, 2008 2:48am
Take a look, this is the 5 mins chart of GBP. Notice the MACD started going up a long time ago.
Attached Image
  • #83,904
  • Aug 25, 2008 3:03am Aug 25, 2008 3:03am
i wonder if 8500 holds....
  • #83,905
  • Aug 25, 2008 3:06am Aug 25, 2008 3:06am
Quoting nAVIN2007
i wonder if 8500 holds....
What 8500? It is 84XX now !!!
  • #83,906
  • Aug 25, 2008 3:09am Aug 25, 2008 3:09am
sell and sell is easy money making strategy!!
Trading is 80% Emotional, 20% Technical
  • #83,907
  • Aug 25, 2008 3:15am Aug 25, 2008 3:15am
I had to pull my money out of IG Index because they close your position at the end of the day 8pm GMT and you realize any profit or loss and then if you have a roll over option like I do, they put you back in the market. I got hit with a couple of losses realized and so I have opened another account with capitalspreads where they just leave your poistion open.

I am therefore waiting for cash to get in my new account before trading, but I think I will be shorting when I'm back on this week.
please DON'T copy my trades I am still learning
  • #83,908
  • Aug 25, 2008 3:23am Aug 25, 2008 3:23am
hello Optimum,

well i tried to reply to your private message but it said "user chose not to receive private messages"

please edit your profile and allow private messages

besides, i didnt understand ur question... please explain
When life gives you lemons, make lemonade
  • #83,909
  • Aug 25, 2008 3:35am Aug 25, 2008 3:35am
Quoting fx local
sell and sell is easy money making strategy!!
u the man!!!!!!
  • #83,910
  • Aug 25, 2008 3:35am Aug 25, 2008 3:35am
Quoting gagakrimba
What 8500? It is 84XX now !!!
thats the resistance to watch for ....happy trading to u ..
  • #83,911
  • Aug 25, 2008 3:49am Aug 25, 2008 3:49am
Hello everyone,

I haven't slapped up a chart here in a while and thought why not ?

Take a look at Cable. With the exception of a reasonable retracement
before the year concludes, let's say back into the lower 190's
(what's a few hundred pips among friends ?), is there anything that
could/would/should stop this train from falling off the track, into the lake,
under the fishes, and land in a dark,wet,smelly place (and I don't mean
Her Majesty's underpants). Cable doesn't look too good beyond 190.

(yes I know that's 500 pips from here versus 15 to 20 handles the other way.
I'm looking at the next six months or so, wouldn't be so bold as to short from here,
Not Yet.)
Attached Image (click to enlarge)
Click to Enlarge Name: Cable.JPG Size: 106 KB
  • #83,912
  • Aug 25, 2008 4:08am Aug 25, 2008 4:08am
Im targeting the low of 2005 @ 1.7050. Good thinking buddy!

Quoting toshi
Hello everyone,

I haven't slapped up a chart here in a while and thought why not ?

Take a look at Cable. With the exception of a reasonable retracement
before the year concludes, let's say back into the lower 190's
(what's a few hundred pips among friends ?), is there anything that
could/would/should stop this train from falling off the track, into the lake,
under the fishes, and land in a dark,wet,smelly place (and I don't mean
Her Majesty's underpants). Cable doesn't look too good beyond 190.

(yes I know that's 500 pips from here versus 15 to 20 handles the other way.
I'm looking at the next six months or so, wouldn't be so bold as to short from here,
Not Yet.)
  • #83,913
  • Aug 25, 2008 6:17am Aug 25, 2008 6:17am
Quoting micho
yo yo yoyoyoyoyo
still no news of warta

no man
but boxing told me he did his operation
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #83,914
  • Aug 25, 2008 6:50am Aug 25, 2008 6:50am
Quoting salah k.
no man
but boxing told me he did his operation
ok and what happened???
When life gives you lemons, make lemonade
  • #83,915
  • Aug 25, 2008 7:00am Aug 25, 2008 7:00am
Hi guys,

Please someone help me out.
There seem to be a tussle btw GBP and USD... i see it going short but right now cant tell anymore.

Please who knows the direction of GU?

I have been short since .8510
  • #83,916
  • Aug 25, 2008 7:03am Aug 25, 2008 7:03am
Quoting micho
ok and what happened???
i dont know man
i'll check with box and get back to u
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #83,917
  • Aug 25, 2008 7:03am Aug 25, 2008 7:03am
Quoting peulthai
Hi guys,

Please someone help me out.
There seem to be a tussle btw GBP and USD... i see it going short but right now cant tell anymore.

Please who knows the direction of GU?

I have been short since .8510
Your money belong to the bulls now
  • #83,918
  • Aug 25, 2008 7:06am Aug 25, 2008 7:06am
Quoting peulthai
Hi guys,

Please someone help me out.
There seem to be a tussle btw GBP and USD... i see it going short but right now cant tell anymore.

Please who knows the direction of GU?

I have been short since .8510
the daily trend is short, the 4H trend is short but the 1H trend is long. so i think your position of 1.8510 is safe since we will be able to see this level again later as long as the daily and 4H trends are not broken

but its better to close this position at break even now because the 1H trend is still long, better open the short position once the retracement is finished

When life gives you lemons, make lemonade
  • #83,919
  • Aug 25, 2008 7:09am Aug 25, 2008 7:09am
i forgot to add this
1.8523 strong resistance level kind of, maybe it will find it hard to break
When life gives you lemons, make lemonade
  • #83,920
  • Aug 25, 2008 7:11am Aug 25, 2008 7:11am
stronger level at 1.8550 lol
When life gives you lemons, make lemonade
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