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Cable Update (GBPUSD)

  • #86,201
  • Sep 7, 2008 2:57pm Sep 7, 2008 2:57pm
Hi all

cable now at my broker price is 1.7759 wooow 100 pip up ... what nice move
  • #86,202
  • Sep 7, 2008 3:00pm Sep 7, 2008 3:00pm
cable now above 1.7750

i think with Fannie Freddie news...

it`s seems to be good chance to short it from here...
  • #86,203
  • Sep 7, 2008 3:13pm Sep 7, 2008 3:13pm
In my fxcm platform, the current price is 1.7752/55 and the low is 1.7640 and high is 1.7783.

I think takeover will bull the Stock market tomorrow and bear the dollar and that is why U/J up 100 pips as stock market will sky rocket high tommorrow and dollar is bearish and that is why G/U got up 100 pips and E/U go up 100 pips....

I think gentlemen and ladies, this is the best time for all the traders to short G/U at 1.7780 (when market opens) and E/U short at 1.4330 (when market opens)........

G/U news (PPI Input) @4:30 am Eastern time will also support the downside trend as the news would expect negative!!!!!!!!!!!
  • #86,204
  • Sep 7, 2008 3:24pm Sep 7, 2008 3:24pm
we have bad cable news today ... short is best
  • #86,205
  • Sep 7, 2008 3:28pm Sep 7, 2008 3:28pm
Quoting deboooo2005
we have bad cable news today ... short is best
Don't put so much hope in it. I'm thinking we go up to correct some ot down move and after that go for a deep swiming
  • #86,206
  • Sep 7, 2008 3:31pm Sep 7, 2008 3:31pm
this what i said on saturday

Quoting deboooo2005
Hi All

Some brokers close @ 1.7635 and some of them close 1.7663 or 1.7664

and we have Gap didnt fill yet .... and the coming News is Mixed

some of Negative for cable and some of them positive ....

and the coming news for dollar all of them seems negative ....

Could cable fill the gap .... and continue to go up ...

or cable fill gap and go down again to 1.72xx

or it will be a consildation Week

anyway cable to go above 1.7786 to continue up or it fall again..

any opinions? share it
  • #86,207
  • Sep 7, 2008 3:39pm Sep 7, 2008 3:39pm
Quoting PipsMaker
Don't put so much hope in it. I'm thinking we go up to correct some ot down move and after that go for a deep swiming
I think 1.7820-1.7855 are the best places to do short once the price would be in that range, wear a swimming dress (put a sell order) and once you are ready to dive to a deep swimming (and once the sell order hits then put an appropriate PT level like 1.7620 or so) ............
  • #86,208
  • Sep 7, 2008 3:42pm Sep 7, 2008 3:42pm
Quoting deboooo2005
Hi all

cable now at my broker price is 1.7759 wooow 100 pip up ... what nice move
Sell it!
  • #86,209
  • Sep 7, 2008 3:42pm Sep 7, 2008 3:42pm
my short now is in green
  • #86,210
  • Sep 7, 2008 3:44pm Sep 7, 2008 3:44pm
Quoting deboooo2005
we have bad cable news today ... short is best
  • #86,211
  • Sep 7, 2008 3:47pm Sep 7, 2008 3:47pm
But i think its too early to sell right now. Better wait the price move little bit higher then sell.
  • #86,212
  • Sep 7, 2008 3:47pm Sep 7, 2008 3:47pm
Quoting asyed4
I think 1.7820-1.7855 are the best places to do short once the price would be in that range, wear a swimming dress (put a sell order) and once you are ready to dive to a deep swimming (and once the sell order hits then put an appropriate PT level like 1.7620 or so) ............
I agree with this level for a short but this is a huge gap up so one should approach with caution and watch price action before jumping in. Also, I wouldn't target below the 4h 5 sma...
Patience + Discipline - Greed = Success
  • #86,213
  • Sep 7, 2008 4:04pm Sep 7, 2008 4:04pm
Quoting Infinity
I agree with this level for a short but this is a huge gap up so one should approach with caution and watch price action before jumping in. Also, I wouldn't target below the 4h 5 sma...
1hr descending tl is @ 7830-40 also with weekly pivot in confluence, so it really looks like a good place to sell. But dont forget we are still inside a bigger 4hr descending channel where we have utl @ 7960-70 in confluence with dayly R3. Somehow i have a feeling price wont reach this utl of 4hr downtrend channel so we are left with sell option number 1.
  • #86,214
  • Sep 7, 2008 4:05pm Sep 7, 2008 4:05pm
Just Crossed 1.7811, Guys Marekt Is Opened Right, But My Fxcm Platform Is Saying Didn't Open Yet,
  • #86,215
  • Sep 7, 2008 4:08pm Sep 7, 2008 4:08pm
mysl hit but was +1 pip ... i think 1.7846 is good entry
  • #86,216
  • Sep 7, 2008 4:12pm Sep 7, 2008 4:12pm
Quoting asyed4
Just Crossed 1.7811, Guys Marekt Is Opened Right, But My Fxcm Platform Is Saying Didn't Open Yet,
mine is saying the same... They are the worst broker I have...
Patience + Discipline - Greed = Success
  • #86,217
  • Sep 7, 2008 4:13pm Sep 7, 2008 4:13pm
I think it is a broker trick, I am not able to put a sell order to get the market position as the software tells me that market is closed....

I rebooted twice but still I can't put an order, currently the price is sitting @ 1.7829/38...
  • #86,218
  • Sep 7, 2008 4:13pm Sep 7, 2008 4:13pm
I short at 1.7834
  • #86,219
  • Sep 7, 2008 4:15pm Sep 7, 2008 4:15pm
fxcm just opened...
Patience + Discipline - Greed = Success
  • #86,220
  • Sep 7, 2008 4:17pm Sep 7, 2008 4:17pm
well the long shadow on weekly now......gives hope that we perhaps near a bottom
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