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Cable Update (GBPUSD)

  • #84,041
  • Aug 26, 2008 2:51am Aug 26, 2008 2:51am
Mt SP was just hit ... 1.8464.

Made some pips men!

But then which way now... think it is going to 1.848x

Any same opinion?
  • #84,042
  • Aug 26, 2008 2:55am Aug 26, 2008 2:55am
Quoting peulthai
Mt SP was just hit ... 1.8464.

Made some pips men!

But then which way now... think it is going to 1.848x

Any same opinion?

put the seat belts on..
  • #84,043
  • Aug 26, 2008 3:07am Aug 26, 2008 3:07am
Men! what was that?

I out completely out
  • #84,044
  • Aug 26, 2008 3:09am Aug 26, 2008 3:09am
Quoting nAVIN2007
put the seat belts on..
this thing going down, doesnt take much thought to trade it, sell and average and u will eventually go onside, this is the best market ive seen in a year, long may it continue
Trading is 80% Emotional, 20% Technical
  • #84,045
  • Aug 26, 2008 3:10am Aug 26, 2008 3:10am
Cable become crazy!!!
"Invest With The Insiders, Not The Masses" George Muzea
  • #84,046
  • Aug 26, 2008 3:11am Aug 26, 2008 3:11am
Quoting Qu|cksilver
Cable become crazy!!!
its august dont forget, thin holiday markets subject to overswung moves...

some very good opps there at mo, perfect for day trading
Trading is 80% Emotional, 20% Technical
  • #84,047
  • Aug 26, 2008 3:14am Aug 26, 2008 3:14am
Quoting Qu|cksilver
Cable become crazy!!!
Oh yeah! I've closed my longs out. I added a long at 1.8415 and rode it back upto 1.8466. Wish I would have went short, but my longs closed positive.
Just digging in the trenches like everyone else!
  • #84,048
  • Aug 26, 2008 3:14am Aug 26, 2008 3:14am
Hi everyone!!! omg the adrenaline for the last few minutes!!!

I got stopped out, reversed, hit TP1, next target 1.83


I have a question:

*** Was there any news at 4pm GMT+8 today??
Because I saw the FF calendar there was no news on GBP, but the swings today seemed like news!!
  • #84,049
  • Aug 26, 2008 3:17am Aug 26, 2008 3:17am
Can some body explain what led to that sudden south movement?

Though i got to gain from it anyway.. i was not completely out.
  • #84,050
  • Aug 26, 2008 3:19am Aug 26, 2008 3:19am
Quoting speedtrader8
Hi everyone!!! omg the adrenaline for the last few minutes!!!

I got stopped out, reversed, hit TP1, next target 1.83


I have a question:

*** Was there any news at 4pm GMT+8 today??
Because I saw the FF calendar there was no news on GBP, but the swings today seemed like news!!

No big news for GBP but the EUR pulled the GBP down.
  • #84,051
  • Aug 26, 2008 3:19am Aug 26, 2008 3:19am
Quoting peulthai
Can some body explain what led to that sudden south movement?

Though i got to gain from it anyway.. i was not completely out.
The EUR fell like a brick pull GBP with it.
Just digging in the trenches like everyone else!
  • #84,052
  • Aug 26, 2008 3:20am Aug 26, 2008 3:20am
Quoting peulthai
Can some body explain what led to that sudden south movement?

Though i got to gain from it anyway.. i was not completely out.
Bad German ifo data caused euro to drop. Since euro and pound are joined in the hip these days, pound dropped too.
Expected the unexpected
  • #84,053
  • Aug 26, 2008 3:20am Aug 26, 2008 3:20am
Quoting peulthai
Can some body explain what led to that sudden south movement?

Though i got to gain from it anyway.. i was not completely out.
If you are going to trade the pound you should also be looking at news for the euro.Sevearal news events for euro at 4.
Please ask questions and share your experiences with us all!
  • #84,054
  • Aug 26, 2008 3:20am Aug 26, 2008 3:20am
Quoting speedtrader8
Hi everyone!!! omg the adrenaline for the last few minutes!!!

I got stopped out, reversed, hit TP1, next target 1.83


I have a question:

*** Was there any news at 4pm GMT+8 today??
Because I saw the FF calendar there was no news on GBP, but the swings today seemed like news!!
I think German's bad data effect..GBP as well...
More over GBP is such a DT and any bad news will tank...

sonic
  • #84,055
  • Aug 26, 2008 3:28am Aug 26, 2008 3:28am
Quoting peulthai
Can some body explain what led to that sudden south movement?

Though i got to gain from it anyway.. i was not completely out.
GERMAN IFO MUCH LOWER AT 94.8

if u day trading live u should before all data that is being released, what it is expected and what happend last month - come on guys school boy errors!
Trading is 80% Emotional, 20% Technical
  • #84,056
  • Aug 26, 2008 3:33am Aug 26, 2008 3:33am
I am very new to this, as I didn't know EURO would affect GBP also!!

shall keep that in mind..


thanks!!!
  • #84,057
  • Aug 26, 2008 3:35am Aug 26, 2008 3:35am
Quoting speedtrader8
I am very new to this, as I didn't know EURO would affect GBP also!!

shall keep that in mind..


thanks!!!
actually they very similiar....u would do well at this to note that...
  • #84,058
  • Aug 26, 2008 3:42am Aug 26, 2008 3:42am
Im looking for my 30 pips again so i took a long at 1.8390.. we defenitely have enough retracement room to upwards of at least 30 pips which is always what i look for in my profit trades for gbp/usd. Good luck everyone
  • #84,059
  • Aug 26, 2008 3:46am Aug 26, 2008 3:46am
i just took another long at 1.8375... better entry than my first one by 15pips, gets me half way to my +30 pips target.. anyone else on this??
  • #84,060
  • Aug 26, 2008 3:50am Aug 26, 2008 3:50am
Quoting Forextrader4
i just took another long at 1.8375... better entry than my first one by 15pips, gets me half way to my +30 pips target.. anyone else on this??
nope im only playing it one way until somethign fundamentally changes (sept maybe interesting), ie short down, sell into failed rallies, less stressful and easier!
Trading is 80% Emotional, 20% Technical
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