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Cable Update (GBPUSD)

  • #86,381
  • Sep 8, 2008 6:08am Sep 8, 2008 6:08am
Quoting micho
guys, everybody... warta says hello to everyone
hi micho..say my hello back to warta..
  • #86,382
  • Sep 8, 2008 6:13am Sep 8, 2008 6:13am
Quoting bbmac
cable is currently 414 pips down from it's current intraday highs 7975-7561 making this the biggest daily pip range in the pairing since 10th Marcgh 1995. Even more extraordinary considering the huge gap up at the asian session open,... a knee jerk repoonse to the w/e freedie mac/fannie mae news from the U.s.

g/l
yes, very strong rejection from highs....
Trading is 80% Emotional, 20% Technical
  • #86,383
  • Sep 8, 2008 6:16am Sep 8, 2008 6:16am
sold again at 1.7611 tp 1.7553 sl 1.7650
When life gives you lemons, make lemonade
  • #86,384
  • Sep 8, 2008 6:18am Sep 8, 2008 6:18am
Quoting Ritz
As we are trader/friend, i just wanna give advise, Don't over trade bro.
Dont let the winning pips eaten by negative pips.
yeah im just testing the system thats all hehehe
When life gives you lemons, make lemonade
  • #86,385
  • Sep 8, 2008 6:21am Sep 8, 2008 6:21am
Quoting micho
yeah im just testing the system thats all hehehe
Mind to share with us your system? :nerd:
  • #86,386
  • Sep 8, 2008 6:23am Sep 8, 2008 6:23am
Quoting Ritz
Mind to share with us your system? :nerd:
lol not now, the last time i shared my old system it stopped working
When life gives you lemons, make lemonade
  • #86,387
  • Sep 8, 2008 6:26am Sep 8, 2008 6:26am
my trade is still in red

i have the hitch that its gonna fall hard now
hope so
When life gives you lemons, make lemonade
  • #86,388
  • Sep 8, 2008 6:29am Sep 8, 2008 6:29am
Quoting Ritz
As we are trader/friend, i just wanna give advise, Don't over trade bro.
Dont let the winning pips eaten by negative pips.

what is the next target... men!

Dont know but i have not been enjoying the free pips this pair is giving
  • #86,389
  • Sep 8, 2008 6:29am Sep 8, 2008 6:29am
Quoting micho
my trade is still in red

i have the hitch that its gonna fall hard now
hope so
Ahhhhhhh, the famous Hitch system. FTSE still down so big rise today and no shares can be bought. Seems fishy to me.

cheerio
  • #86,390
  • Sep 8, 2008 6:31am Sep 8, 2008 6:31am
Quoting micho
yeah im just testing the system thats all hehehe
Best System - just trade the Fibo. As for monthly low I see1.7153 as major support. I still not convinced we are not going to see a pull back to 1.8160. This being the 23.6 fibo from High of July to Fridays Low.
Attached Image (click to enlarge)
Click to Enlarge Name: 30 cable.gif Size: 17 KB
  • #86,391
  • Sep 8, 2008 6:34am Sep 8, 2008 6:34am
the trend line was broken maybe thats why its struggling to go down again
When life gives you lemons, make lemonade
  • #86,392
  • Sep 8, 2008 6:34am Sep 8, 2008 6:34am
what is the next target ??
up OR down
  • #86,393
  • Sep 8, 2008 6:37am Sep 8, 2008 6:37am
Quoting Terri1
Best System - just trade the Fibo. As for monthly low I see1.7153 as major support. I still not convinced we are not going to see a pull back to 1.8160. This being the 23.6 fibo from High of July to Fridays Low.
i have fibo inside the system too

sell at the 1.7611 still open now its -1
When life gives you lemons, make lemonade
  • #86,394
  • Sep 8, 2008 6:40am Sep 8, 2008 6:40am
When life gives you lemons, make lemonade
  • #86,395
  • Sep 8, 2008 6:41am Sep 8, 2008 6:41am
Quoting Hamood FX
what is the next target ??
up OR down
Slightly unsure, i agree with Micho - because the trendline was broken its struggling to go down.

The next catalyst to be added in the mixing bowl is:

6:00pm UK Time - FOMC Member Fisher Speaks from Austin, TX.

I expect that will be the next time we will see volatility. I expect it will help us continue on our way down.

Forex Rookie
"The trend is your friend, until the end."
  • #86,396
  • Sep 8, 2008 6:43am Sep 8, 2008 6:43am
ok i learned something new now, cool.. dont trade once it broke the trendlines

tp at BE again
When life gives you lemons, make lemonade
  • #86,397
  • Sep 8, 2008 6:43am Sep 8, 2008 6:43am
Quoting peulthai
what is the next target... men!

Dont know but i have not been enjoying the free pips this pair is giving

Can some one hear me out?
  • #86,398
  • Sep 8, 2008 6:43am Sep 8, 2008 6:43am
Quoting Hamood FX
what is the next target ??
up OR down
UP for now to 1.7720 then from there maybe price going to south again and break today's low.

that's my opinion.
  • #86,399
  • Sep 8, 2008 6:46am Sep 8, 2008 6:46am
what about this....just before release you go long and short and after release you can see direction of the train so you can jump off the bad one and ride the good one. what do you think,will it work on live trade
  • #86,400
  • Sep 8, 2008 6:47am Sep 8, 2008 6:47am
Quoting mattpajek
what about this....just before release you go long and short and after release you can see direction of the train so you can jump off the bad one and ride the good one. what do you think,will it work on live trade
no!
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