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Cable Update (GBPUSD)

  • #85,181
  • Sep 1, 2008 3:34am Sep 1, 2008 3:34am
3:30am GBP http://www.forexfactory.com/images/m...mpact_high.gif Manufacturing PMI
45.9 44.0 44.3
3:30am GBP Mortgage Approvals
33K 35K 35Khttp://www.forexfactory.com/images/m...us_revised.gif
3:30am GBPNet Lending to Individuals m/m
http://www.forexfactory.com/images/m...dar_detail.gif http://www.forexfactory.com/images/misc/progress.gif4.3B 3.8B 4.0B
  • #85,182
  • Sep 1, 2008 3:35am Sep 1, 2008 3:35am
Time to long?

Yikes, why doesn't it go up?
Do you think the karate kid knows kung-fu?
  • #85,183
  • Sep 1, 2008 3:35am Sep 1, 2008 3:35am
if it cant go up with these numbers i will be back with the farm
  • #85,184
  • Sep 1, 2008 3:36am Sep 1, 2008 3:36am
it look like GU still heading to south....so I think better wait at 1.7950 level for long....still hold GU short 1.8070 until M5 QQE cross
  • #85,185
  • Sep 1, 2008 3:36am Sep 1, 2008 3:36am
i dont think longing this currency is worth the risk.....this move down is so strong....i cant even imagine a retrace...
  • #85,186
  • Sep 1, 2008 3:37am Sep 1, 2008 3:37am
Quoting mr.leahy
for everyone that wants to go long, dont go long


/agree





even if news come positive.. its go shooort
its really overbout
Never sell @ lower upward channel unless breacked and vise versa .
  • #85,187
  • Sep 1, 2008 3:37am Sep 1, 2008 3:37am
Quoting ddblue
Time to long?

Yikes, why doesn't it go up?

Target is 1.7940
The Market pays you to be disciplined
  • #85,188
  • Sep 1, 2008 3:38am Sep 1, 2008 3:38am
if GU doesnt break support on 1hr chart within 1 hour of NY open, I'm gonna add to my longs..

and before anybody starts saying, YES I KNOW THE TREND IS DOWN.

just following my system.
  • #85,189
  • Sep 1, 2008 3:38am Sep 1, 2008 3:38am
This is crazy, and i know this happens cuz this news mean a squat...

I just short and took exit with -9 pips thanks to good news, now i see it went down 50pips .... i would have won!!
  • #85,190
  • Sep 1, 2008 3:38am Sep 1, 2008 3:38am
I stop out with +5 pip.
"Invest With The Insiders, Not The Masses" George Muzea
  • #85,191
  • Sep 1, 2008 3:39am Sep 1, 2008 3:39am
Quoting mima
Target is 1.7940
Don't Get Bitter, Get Better
  • #85,192
  • Sep 1, 2008 3:39am Sep 1, 2008 3:39am
for a while
Jesus Christ is my only Lord !
  • #85,193
  • Sep 1, 2008 3:40am Sep 1, 2008 3:40am
closed last short +110 pips going to bed now take it easy everyone
  • #85,194
  • Sep 1, 2008 3:41am Sep 1, 2008 3:41am
I enter long again at 1.8002 stoploss 8 pip only
"Invest With The Insiders, Not The Masses" George Muzea
  • #85,195
  • Sep 1, 2008 3:41am Sep 1, 2008 3:41am
Quoting dznmrd
This is crazy, and i know this happens cuz this news mean a squat...

I just short and took exit with -9 pips thanks to good news, now i see it went down 50pips .... i would have won!!

this currency is very fluid moving u need a generous stop otherwise u finished..i havebeen getting it ..for 2 weeks now ....
  • #85,196
  • Sep 1, 2008 3:42am Sep 1, 2008 3:42am
Hey guys...
Holding short 1.8044
SL at BE
Don't know what's going on. Happy trading all

P.S
Ramadaan Mubarak to all fasting in this auspicious month.
  • #85,197
  • Sep 1, 2008 3:43am Sep 1, 2008 3:43am
Quoting mr.leahy
closed last short +110 pips going to bed now take it easy everyone
sleep well
Jesus Christ is my only Lord !
  • #85,198
  • Sep 1, 2008 3:44am Sep 1, 2008 3:44am
yes not making much sense today... numbers a slightly better... also Darling has said he meant Global economy... not UK specifically... so price should be retracing.
  • #85,199
  • Sep 1, 2008 3:44am Sep 1, 2008 3:44am
Quoting dznmrd
This is crazy, and i know this happens cuz this news mean a squat...

I just short and took exit with -9 pips thanks to good news, now i see it went down 50pips .... i would have won!!
Don't trade like that, stick to your plan and follow your system. Seems like you are gambling. If you are trying to win money, most probably you will loose it.
  • #85,200
  • Sep 1, 2008 3:44am Sep 1, 2008 3:44am
Quoting Qu|cksilver
I enter long again at 1.8002 stoploss 8 pip only
I hope it will go
Jesus Christ is my only Lord !
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