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Cable Update (GBPUSD)

  • #86,401
  • Sep 8, 2008 6:48am Sep 8, 2008 6:48am
Quoting ForexRookie
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
ok..
iam wait to US market open
after 12 min
and we will see what happened
  • #86,402
  • Sep 8, 2008 6:48am Sep 8, 2008 6:48am
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

if only it was that easy
  • #86,403
  • Sep 8, 2008 6:49am Sep 8, 2008 6:49am
Quoting mr.m
no!


I must admit its not the best way of trading the news. Its pretty risky, especially if its trading live.
"The trend is your friend, until the end."
  • #86,404
  • Sep 8, 2008 6:52am Sep 8, 2008 6:52am
one more tip, once it breaks the trend line it tends to return to the area between 38% and 61%. in that area price will consolidate for a while waiting for the next breakout
When life gives you lemons, make lemonade
  • #86,405
  • Sep 8, 2008 7:21am Sep 8, 2008 7:21am
Quoting MarineUK
Ahhhhhhh, the famous Hitch system. FTSE still down so big rise today and no shares can be bought. Seems fishy to me.

cheerio
What do you mean by fishy??

You can still trade futures on the UK indexes and your broker should make you a market in any individual FTSE100 share, albeit with wider spreads than usual. It is only a LSE that is down, which is not a complete blackout for trading on UK equities, as many FTSE100 shares are exchanged now via dark pools.
  • #86,406
  • Sep 8, 2008 7:42am Sep 8, 2008 7:42am
Quoting DJ4x
Going short 1.7964......... Lets see
Sometimes having a TP sucks....
Closed this +170. Verrry happy with this one from this morning.
  • #86,407
  • Sep 8, 2008 7:43am Sep 8, 2008 7:43am
Higher highs and Higher lows forming on all charts, LONG AT 1.7614


  • #86,408
  • Sep 8, 2008 7:53am Sep 8, 2008 7:53am
Quoting gammase1
What do you mean by fishy??

You can still trade futures on the UK indexes and your broker should make you a market in any individual FTSE100 share, albeit with wider spreads than usual. It is only a LSE that is down, which is not a complete blackout for trading on UK equities, as many FTSE100 shares are exchanged now via dark pools.
Spread firms down and only trading by auction. Its not very good for the second biggest stock exchange.
  • #86,409
  • Sep 8, 2008 8:00am Sep 8, 2008 8:00am
Quoting MarineUK
Spread firms down and only trading by auction. Its not very good for the second biggest stock exchange.
It's definitely sub-standard but I wouldn't call it fishy.
  • #86,410
  • Sep 8, 2008 8:06am Sep 8, 2008 8:06am
Quoting AmeriTrini
Higher highs and Higher lows forming on all charts, LONG AT 1.7614


it will?
  • #86,411
  • Sep 8, 2008 8:08am Sep 8, 2008 8:08am
http://1.bp.blogspot.com/_nmIuQsC9b-...P_USD+Spot.pngRemember - it is easier to ride the trend then to bet against it.
{Promotion Removed}
  • #86,412
  • Sep 8, 2008 8:12am Sep 8, 2008 8:12am
Quoting hijackxx
it will?
its very possible to see 1.7714 before any down move, but still risky for the long now
When life gives you lemons, make lemonade
  • #86,413
  • Sep 8, 2008 8:14am Sep 8, 2008 8:14am
Quoting micho
its very possible to see 1.7714 before any down move, but still risky for the long now

Intraday long is fine.
  • #86,414
  • Sep 8, 2008 8:18am Sep 8, 2008 8:18am
Quoting gammase1
It's definitely sub-standard but I wouldn't call it fishy.
I was being a bit sarky. A lot of peeps will have lost their shirts as they probs had a lot of shorts till running. I know an Officer who had some big shorts on the banks still open. No tears for him hes a berk anyway and from money.

cheerio
  • #86,415
  • Sep 8, 2008 8:19am Sep 8, 2008 8:19am
Quoting micho
its very possible to see 1.7714 before any down move, but still risky for the long now
yes 100% agree with you.
  • #86,416
  • Sep 8, 2008 8:23am Sep 8, 2008 8:23am
I think it will be reach 1.7730
and then will be fall to 1.7555
  • #86,417
  • Sep 8, 2008 8:25am Sep 8, 2008 8:25am
I think we will see big move down without any retrace this time .
  • #86,418
  • Sep 8, 2008 8:26am Sep 8, 2008 8:26am
Quoting Ritz
yes 100% agree with you.
i see we are very much synchronized me and you mr heheehe
When life gives you lemons, make lemonade
  • #86,419
  • Sep 8, 2008 8:27am Sep 8, 2008 8:27am
Quoting roslan1984
I think we will see big move down without any retrace this time .

why are you thinking this? This is a forum, share ideas
  • #86,420
  • Sep 8, 2008 8:28am Sep 8, 2008 8:28am
just my feeling
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