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Cable Update (GBPUSD)

  • #85,081
  • Aug 31, 2008 5:30pm Aug 31, 2008 5:30pm
Quoting Optimum
long time?
  • #85,082
  • Aug 31, 2008 5:30pm Aug 31, 2008 5:30pm
Quoting Forextrader4
I will probably long at 1.8080, I think it will be a good long. Any opinions please before i make a move?
frequently on Sun there will be a move of 20 or 30 pips one way or the other,then genera;;u it goes the other way for a while,just an observance,nothing works all of the time
  • #85,083
  • Aug 31, 2008 5:38pm Aug 31, 2008 5:38pm
long at 8088 looking for tp at 150-175 at which point i will likely short
  • #85,084
  • Aug 31, 2008 6:14pm Aug 31, 2008 6:14pm
SELL INTO FAILED RALLIES, STICK WITH THE TREND,

its actually very easy money!!!!
Trading is 80% Emotional, 20% Technical
  • #85,085
  • Aug 31, 2008 6:16pm Aug 31, 2008 6:16pm
long stopped out at b/e will wait for good entry to short
  • #85,086
  • Aug 31, 2008 6:19pm Aug 31, 2008 6:19pm
Weekly maximum target around 1,8400
Attached Image (click to enlarge)
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Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #85,087
  • Aug 31, 2008 6:26pm Aug 31, 2008 6:26pm
Quoting Forextrader4
I will probably long at 1.8080, I think it will be a good long. Any opinions please before i make a move?
i have closed my 2 short from 1.9xx and 1.86xx.. at 1.8100.. actually my tp is 1.80xx.. it's ok.. and for fun.. 1lot buy GU.. tp 1.8250.. SL 1.8170.. haha... i will stay way from market if GU today below 1.8170..
just follow the trend...
  • #85,088
  • Aug 31, 2008 6:47pm Aug 31, 2008 6:47pm
Nav, how could it break the wedge this early. You need to slow down and excercise some patience ole buddy. Let it come to you. Trust me, this gap will be filled.

Jim

Quoting nAVIN2007
well the wedge broken and it never even test it ....has cable ever done this where it breaks support and not even test......just moving to zero straight
  • #85,089
  • Aug 31, 2008 6:52pm Aug 31, 2008 6:52pm
I have my doubts about the usual gap fill trade short at 120 will add if it climbs higher
  • #85,090
  • Aug 31, 2008 7:25pm Aug 31, 2008 7:25pm
Hurricane Gustav is predicted to hit landfall right where the oil for the gulf of mexico is held. I could be wrong but that should drive the price of oil up in the next several days.

On a side note may i say that my thoughts and prayers are with everyone in those areas effected by the storms. My prayers are with you. Be safe
  • #85,091
  • Aug 31, 2008 7:35pm Aug 31, 2008 7:35pm
Quoting steelhead
Hurricane Gustav is predicted to hit landfall right where the oil for the gulf of mexico is held. I could be wrong but that should drive the price of oil up in the next several days.

On a side note may i say that my thoughts and prayers are with everyone in those areas effected by the storms. My prayers are with you. Be safe
Good point steelhead... I as well am praying for those in the line of fire of mother nature... but I would def. be concerned about the movement of the dollar. Im long right now and will be watching it closly within the next 24 hours. I dont like going against trend but I see a gap and a nutural disaster.
Lets do this...
  • #85,092
  • Aug 31, 2008 7:44pm Aug 31, 2008 7:44pm
added short at 077
  • #85,093
  • Aug 31, 2008 7:51pm Aug 31, 2008 7:51pm
I'm going long now at 1.8070
"Invest With The Insiders, Not The Masses" George Muzea
  • #85,094
  • Aug 31, 2008 7:54pm Aug 31, 2008 7:54pm
Quoting Qu|cksilver
I'm going long now at 1.8070
T/P - S/L
  • #85,095
  • Aug 31, 2008 7:55pm Aug 31, 2008 7:55pm
its really hard to go bottom fish eh?
  • #85,096
  • Aug 31, 2008 8:02pm Aug 31, 2008 8:02pm
I think now will go Up form 1.8043
Never sell @ lower upward channel unless breacked and vise versa .
  • #85,097
  • Aug 31, 2008 8:03pm Aug 31, 2008 8:03pm
Quoting WedWed
I think now will go Up form 1.8043


  • #85,098
  • Aug 31, 2008 8:04pm Aug 31, 2008 8:04pm
I would have a tough time buying this pair at any price
  • #85,099
  • Aug 31, 2008 8:05pm Aug 31, 2008 8:05pm
As inexperenced as I am... logic tells me trying to long is bad. I think either stay out, or short at each new break lower. At the moment it just doesn't want to climb. Looking at the price action she is getting beat down everytime it tries to climb. Just my own thoughts.

Cpreacher
  • #85,100
  • Aug 31, 2008 8:17pm Aug 31, 2008 8:17pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Notice we have been in a downtrend Linear Regression Channel for sometime, and we've broken RSI triangle to the downside and RSI hasn't been able to make it to 50 at least. Short the rallies on this puppy. Seems pretty risky to be long this pair given extremely weak GBP news.

EDIT: Sorry, I wrote "long" in the title...meant to say "short".
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"Wishful thinking dies hard." Igor T.
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