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Cable Update (GBPUSD)

  • #84,841
  • Aug 29, 2008 2:26am Aug 29, 2008 2:26am
I'm out of all trades and waiting for a good setup up again. For those that shorted, are you still holding? I think it will be hard to see 1.8240, but that's just my opinion, any inputs here?
  • #84,842
  • Aug 29, 2008 2:26am Aug 29, 2008 2:26am
Quoting scyang
Pardon my ignorance, but could you please tell me what happened to eurusd in April 2007?

Thanks.
the pattern changed
When life gives you lemons, make lemonade
  • #84,843
  • Aug 29, 2008 2:27am Aug 29, 2008 2:27am
Quoting nAVIN2007
its back to normal now .....3 weeks ago it just blew everything away...just overnight totally caught a lot of people...its still blowing the supports..this is the problem with EA..it cannot adapt to change unless u reprograme it...

i hope u can adjust it...but then be carefull...market can change again and u must have sure u dont get caught again..
no it still didnt return to its previous 10 years pattern... hope this was just temporary!!!!!!!!!!!!

i cant adapt the ea to work under these conditions, it wont work and it will become useless with this pair. what are the odds that after 10 years it will reverse on my bad luck? lol can you believe it? lets hope not
When life gives you lemons, make lemonade
  • #84,844
  • Aug 29, 2008 2:29am Aug 29, 2008 2:29am
What is it becoming?
  • #84,845
  • Aug 29, 2008 2:33am Aug 29, 2008 2:33am
Quoting Optimum
What is it becoming?
i dunno, like EURUSD, more unpredictable... no consolidation... just total ramdomness
When life gives you lemons, make lemonade
  • #84,846
  • Aug 29, 2008 2:35am Aug 29, 2008 2:35am
Quoting Forextrader4
I'm out of all trades and waiting for a good setup up again. For those that shorted, are you still holding? I think it will be hard to see 1.8240, but that's just my opinion, any inputs here?
Closed it for +30.
Waiting for another setup.
Keep It Simple Stupid
  • #84,847
  • Aug 29, 2008 2:42am Aug 29, 2008 2:42am
closed shorts plus 40 and plus 60 holding third with s/l at b/e
  • #84,848
  • Aug 29, 2008 2:43am Aug 29, 2008 2:43am
guys according to my charts, we are still going down
so
When life gives you lemons, make lemonade
  • #84,849
  • Aug 29, 2008 2:46am Aug 29, 2008 2:46am
Niice, so looks like most here closed out with their profits, smart move...lol
  • #84,850
  • Aug 29, 2008 2:46am Aug 29, 2008 2:46am
Quoting micho
guys according to my charts, we are still going down
so
This how fall down?
We are getting out
  • #84,851
  • Aug 29, 2008 2:47am Aug 29, 2008 2:47am
Quoting micho
guys according to my charts, we are still going down
so
True!
Just took another short!
Keep It Simple Stupid
  • #84,852
  • Aug 29, 2008 2:47am Aug 29, 2008 2:47am
I agree i think its still going to go down so i left one trade open i closed the others because ive seen too many winning trades go against me for lack of taking profit
  • #84,853
  • Aug 29, 2008 2:48am Aug 29, 2008 2:48am
Quoting Forextrader4
Niice, so looks like most here closed out with their profits, smart move...lol
They frightened.
They missed.
  • #84,854
  • Aug 29, 2008 2:49am Aug 29, 2008 2:49am
Quoting steelhead
Im still long from 8250 from 9 am pacific this morning. For those joining the long late welcome. Hope you don't get cought in a bit of a retrace.
8/29/2008 3:39:26 AM MNI CABLE Extended session lows to $1.8260 with rate CABLE: Extended session lows to $1.8260 with rate currently holding steady around $1.8280. Bids reported now to be placed from the $1.8260 level extending toward 1.8240 (NY low) with stops placed on a break below. If stops triggered seen opening a deeper move toward $1.8210/00 ahead of $1.8180/70. the $1.8176 level seen as a near term tech target based on a 1.618% projection from the recovery from $1.8240 to $1.8344. Offers $1.8300.
  • #84,855
  • Aug 29, 2008 2:50am Aug 29, 2008 2:50am
Quoting micho
you know sal, we have a different style in trading
for my style this month it was bad. i mean the pattern changed, i hope its not permanent like what happened with EURUSD in April 2007.
hehe man everbody has their own trading strategy
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #84,856
  • Aug 29, 2008 2:51am Aug 29, 2008 2:51am
Quoting Optimum
They frightened.
They missed.
  • #84,857
  • Aug 29, 2008 2:53am Aug 29, 2008 2:53am
Quoting Alastair
True!
Just took another short!
lol but dont count on what i say, its just my opinion
When life gives you lemons, make lemonade
  • #84,858
  • Aug 29, 2008 3:13am Aug 29, 2008 3:13am
Cable is in a strong down trend, nothing new, that's all....nothing has changed, the market has not suddenly changed...So we have seen 5 consecutive weeks of selling if this week closes as a bearish candle (quite likely.)

Go back to w/c 31/8/2003 -1/4/2004 and we had 2 consecutive periods of 9weeks of busing ie 2 x 9consecutive bullish candles on weekly. W/c 24/4/05 saw 6 comnsecutive weeks of selling too. w/c 2/4/06 another 6 consecutive weeks of buying.

The market is the market, no more random than it was yesterday, last week, last month, last year......
ex member
  • #84,859
  • Aug 29, 2008 3:13am Aug 29, 2008 3:13am
guys rather than say u made 30+ pips or whatever (fantastic that u did)...why not post your analysis this thread is becoming a joke....without the use of charts...
  • #84,860
  • Aug 29, 2008 3:15am Aug 29, 2008 3:15am
what is possibly pushing this pair upward
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