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Cable Update (GBPUSD)

  • #86,861
  • Sep 10, 2008 2:45am Sep 10, 2008 2:45am
Quoting Ritz
Patient.
We will see big move downward later. Short from the TOP.
what level are you thinking the top might be? I'm thinking she might hit the 1.77 mark and then come down
please DON'T copy my trades I am still learning
  • #86,862
  • Sep 10, 2008 2:46am Sep 10, 2008 2:46am
Quoting ezmystic
Hey Navin,
have you been able to trade at all or are you not because of your hedge?

i could off but i didnt cause im in enough mess already and seems everytime i touch the buttons...i pay for it.....so i decided to just wait and chill till i see something which i like and then strike....i want this to go down deep.....then i can try trade it...at the moment i see short as risk and long rediculious
  • #86,863
  • Sep 10, 2008 2:48am Sep 10, 2008 2:48am
Quoting ezmystic
what level are you thinking the top might be? I'm thinking she might hit the 1.77 mark and then come down
1.7690 area.
  • #86,864
  • Sep 10, 2008 2:58am Sep 10, 2008 2:58am
Quite frankly, I don't get why cable is up so much today... perhaps the markets are smelling another bailout by the Fed - I don't see it happening. I'm short on GJ.
  • #86,865
  • Sep 10, 2008 3:00am Sep 10, 2008 3:00am
Just gone above the .76 fibo on my 1hr chart, will see if it holds
please DON'T copy my trades I am still learning
  • #86,866
  • Sep 10, 2008 3:03am Sep 10, 2008 3:03am
hi

if 1.7725 broke it will continue up & target will be 1.782xx but first it must pass 1.7688 otherwise it will fall to test the low
  • #86,867
  • Sep 10, 2008 3:19am Sep 10, 2008 3:19am
Quoting deboooo2005
hi

if 1.7725 broke it will continue up & target will be 1.782xx but first it must pass 1.7688 otherwise it will fall to test the low
ok i agree
When life gives you lemons, make lemonade
  • #86,868
  • Sep 10, 2008 3:27am Sep 10, 2008 3:27am
Y/day's Daily candle closes mildly bullish as range came out at 202pips for the day, 20day average now standing at 212.

Potential fib clusters com in at 7781/85 area is the 61.8% of the 7974 (Mon hi) to 7471 (Mon lo) along with 23.6% of the Last swing on the daily before that, the 8794-7471swing, a minor hourly previous swing lo there also.

Ahead of this 7722/35 area being 50% of said 7974-7471 and 23.6% of hourly swing 8591-7471.

G/L.
ex member
  • #86,869
  • Sep 10, 2008 3:34am Sep 10, 2008 3:34am
4:30am GBPhttp://www.forexfactory.com/images/m...act_medium.gifTrade Balance http://www.forexfactory.com/images/m...dar_detail.gif -7.7B -7.5B -8.0Bhttp://www.forexfactory.com/images/m...us_revised.gif


Market obviously trying to absorb this news. No reaction and my spread is still increased to ten pips
  • #86,870
  • Sep 10, 2008 3:47am Sep 10, 2008 3:47am
Quoting DJ4x
4:30am GBPhttp://www.forexfactory.com/images/m...act_medium.gifTrade Balance http://www.forexfactory.com/images/m...dar_detail.gif -7.7B -7.5B -8.0Bhttp://www.forexfactory.com/images/m...us_revised.gif


Market obviously trying to absorb this news. No reaction and my spread is still increased to ten pips

10 pips spread thats madness...change yur broker bro...my spread doesnt increase in news...aand i still paying for it....if they increased it id never trade..lol
  • #86,871
  • Sep 10, 2008 3:52am Sep 10, 2008 3:52am
Quoting nAVIN2007
10 pips spread thats madness...change yur broker bro...my spread doesnt increase in news...aand i still paying for it....if they increased it id never trade..lol
It sometimes increases to 20 or 30 pips. Other times it is around 3 pips. I don't normally trade the news so it doesn't affect me all that much.
  • #86,872
  • Sep 10, 2008 3:55am Sep 10, 2008 3:55am
Quoting DJ4x
It sometimes increases to 20 or 30 pips. Other times it is around 3 pips. I don't normally trade the news so it doesn't affect me all that much.
30 pips!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I recommend you read something else as this sentence is now concluded.
  • #86,873
  • Sep 10, 2008 3:56am Sep 10, 2008 3:56am
Quoting Obaidah
30 pips!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Oanda.....
  • #86,874
  • Sep 10, 2008 4:01am Sep 10, 2008 4:01am
Quoting DJ4x
It sometimes increases to 20 or 30 pips. Other times it is around 3 pips. I don't normally trade the news so it doesn't affect me all that much.
Mate, I would find another broker too, 30 pips is madness, you can get fixed 2-3pip spreads at other firms.
please DON'T copy my trades I am still learning
  • #86,875
  • Sep 10, 2008 4:06am Sep 10, 2008 4:06am
Quoting Subdude
Quite frankly, I don't get why cable is up so much today... perhaps the markets are smelling another bailout by the Fed - I don't see it happening. I'm short on GJ.
Maybe the markets are realising that bailing out Fred and Fan was not such a good idea
please DON'T copy my trades I am still learning
  • #86,876
  • Sep 10, 2008 4:07am Sep 10, 2008 4:07am
Quoting ezmystic
Mate, I would find another broker too, 30 pips is madness, you can get fixed 2-3pip spreads at other firms.
Like I said I don't trade news so not fussed. But yes, I do have another account with fixed spreads. Trade both pretty much the same
  • #86,877
  • Sep 10, 2008 4:08am Sep 10, 2008 4:08am
Quoting Subdude
Quite frankly, I don't get why cable is up so much today... perhaps the markets are smelling another bailout by the Fed - I don't see it happening. I'm short on GJ.
Market probably just adjusting after huge range on Sunday / Monday
  • #86,878
  • Sep 10, 2008 4:11am Sep 10, 2008 4:11am
Does anyone think that the market will slowly move up until 1pmGMT, when US opens and then come down again quite quickly? I have seen this happen many times in the past and have done some good trades off it.

By the way I am looking at 15min chart when I say this.
please DON'T copy my trades I am still learning
  • #86,879
  • Sep 10, 2008 4:14am Sep 10, 2008 4:14am
Hi everyone.Don't know about Us open but i am waiting for this 15 m candle to close and then maybe going for long again.Hoping to see that last top arount 1.7677
  • #86,880
  • Sep 10, 2008 4:33am Sep 10, 2008 4:33am
https://plus.dailyfx.com/
The market has been trading in an approximate 6 week down channel, but the upside has been breached twice this week (including) today. We believe a reversal is likely, and have gone long as a result. Caution is advised as daily momentum is still very negative, but the near-term scope is for gains to 1.8015 (September 1 High). 1.7563 (today low) underpins. (MM/ams) 07:58 GMT
end

http://www.forekc.blogspot.com/
For short-term sells on condition of formation of topping signals the targets will be 1.7640/60, 1.7560/80 and/or further breakout variant up to 1.7480/1.7500, 1.7400/20, 1.7340/60, 1.7280/1.7300. An alternative for buyers will be above 1.7820 with targets 1.7860/80, 1.7940/60.


http://algsnotes.blogspot.com/ look gbp chart.
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