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Cable Update (GBPUSD)

  • #87,881
  • Sep 15, 2008 5:45am Sep 15, 2008 5:45am
Quoting eye4spot
could we see 1.75 today?
Man i dont know that is ore then 500 pips for sure.Cable do that sometimes but ....
Why do you think that will go that far?
I am short so that would be nice but...

On daily as i said before we are downtrend and this could be a retrace but daoly momentum is so close to 0.It could become bullish.

Anyone else?

Navin,hypcio....
  • #87,882
  • Sep 15, 2008 5:46am Sep 15, 2008 5:46am
Unsurprising gap up in this pairing re $ weakness reaction to w/e events re Lehman/Merryl at asian open, finding resistance at the 23.6$ of the 0396-7447 move (part of a 3 fib cluster refferred to inb a w/e post that ran 8086-8141) The subsequent run down has seen the 23.6% [7971] of the 7447-8141 [today's current hi] breeched to downside, price currently afinding support at the 38.25 fib of that move around 7870 area.

Asian/European indices/equities/U.s futures suffering too and a no brainer that the DJIAand other U.s equities indices will gap down at open, particularly with market fearing more to come re AIg etc..
ex member
  • #87,883
  • Sep 15, 2008 5:48am Sep 15, 2008 5:48am
Quoting "expert"
Herae you go.NAVIN

BUY 1.8004-1.80034 on opening today

short 1.8051-1.7985 trade opened at 8:35 am my time
short 1.7969-1.7956 opened at 10:47 am my time

Sorry you missed that.My time is GMT+1.I was looking arround on forum for your post because i know you trade longer then me but couldn't find it.So i take my decisins and write them down heare.I dont speak in general like others.When i take trade i write then my trade and SL as well.Read the posts.I think i take 1000$ minimum for now.Maybe i made mistake with number of pips,i generaly count only money.

This morning i said my thining and targets and i say them.let me see yours.Maybe i change my mind.I like to talk like with PIP ME.I can't be always write.Instead of counting my pips give me some target.

I know 2 guys who made 500$ because of my writing.Warning:don't trade because anybody says so.I was loosing money when i was doing that.Learn from posts from others and make your own decision.Some times people take trades and make SL for 40 or more pips.Does you account can take that?My is 20 pips max.


SO let's go back to trade.Will this go down more and how much and why?
like i said is impreesive, im not saying u never got those pips, u might have been carrying trades from last week, its impressive 200+ pips even for a professional is fantastic, im just amazed u guys are still trading (no fear) regardless of news situation,. I for one have not been able to even get a look in..

good job bro yur result is impressive to day the least!.keep it up
  • #87,884
  • Sep 15, 2008 5:52am Sep 15, 2008 5:52am
Quoting "expert"
Man i dont know that is ore then 500 pips for sure.Cable do that sometimes but ....
Why do you think that will go that far?
I am short so that would be nice but...

On daily as i said before we are downtrend and this could be a retrace but daoly momentum is so close to 0.It could become bullish.

Anyone else?

Navin,hypcio....
was possibly looking to buy where the grey circle is...but now i have to go out and not so sure..
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  • #87,885
  • Sep 15, 2008 5:53am Sep 15, 2008 5:53am
i'm not saying that it will go there.. i'm just asking if that's possible...


i have a hedged position with buy @ 1.7865 and a sell @ 1.7545... -120 pips..

so i'm thinking wich one it' better to close..

i'm losting my account if i make the wrong move..
  • #87,886
  • Sep 15, 2008 5:56am Sep 15, 2008 5:56am
Quoting "expert"
DP stands for daily pivot.What is your daily pivot?
to tell the truth I do not know
Jesus Christ is my only Lord !
  • #87,887
  • Sep 15, 2008 6:00am Sep 15, 2008 6:00am
Navinn i was looking for that trend line as well.I have also 1,7842 some support and 38 fib at 1,7866.so many rivers to go for m 3rd target 1.7785 area
  • #87,888
  • Sep 15, 2008 6:03am Sep 15, 2008 6:03am
Before you count somebodys pips learn to trade.It is not nice.Go to babypips.com.Or search this forum for PIVOT LINES.Very important.
  • #87,889
  • Sep 15, 2008 6:07am Sep 15, 2008 6:07am
Quoting "expert"
Before you count somebodys pips learn to trade.It is not nice.Go to babypips.com.Or search this forum for PIVOT LINES.Very important.
I did not count Your pips in that meaning
I wanted to say that You surely did your sum
Jesus Christ is my only Lord !
  • #87,890
  • Edited 6:12am Sep 15, 2008 6:11am | Edited 6:12am
It does not change my - perhaps wrong - point of view
that I would not go short now

It also means that I wish expert to achieve his target!
Jesus Christ is my only Lord !
  • #87,891
  • Sep 15, 2008 6:12am Sep 15, 2008 6:12am
Never mind.GO to babypips.Many good things theare.ON 15 m i see some oversold postion alredy.Not good for shorts.

That range we are talking about this morning might take place.
  • #87,892
  • Sep 15, 2008 6:22am Sep 15, 2008 6:22am
Quoting "expert"
Never mind.GO to babypips.Many good things theare.ON 15 m i see some oversold postion alredy.Not good for shorts.

That range we are talking about this morning might take place.
I was wrong not going short
Jesus Christ is my only Lord !
  • #87,893
  • Sep 15, 2008 6:25am Sep 15, 2008 6:25am
1.7850 as my second target reached.Nice

let's go for 3rd
  • #87,894
  • Sep 15, 2008 6:28am Sep 15, 2008 6:28am
Quoting hipcio
I was wrong not going short
to bad man.1.7815
  • #87,895
  • Sep 15, 2008 6:31am Sep 15, 2008 6:31am
Quoting "expert"
1.7850 as my second target reached.Nice

let's go for 3rd
I have made only 38 pps today
In three trades
and have to finish for a break
Jesus Christ is my only Lord !
  • #87,896
  • Sep 15, 2008 6:32am Sep 15, 2008 6:32am
Quoting nAVIN2007
was possibly looking to buy where the grey circle is...but now i have to go out and not so sure..
Holy.. crap. This is some serious shit today. I was too scared to enter a trade today. Hindsight is always brilliant... isn't it?
Good luck to all those that made some pips today. Happy hunting.
  • #87,897
  • Sep 15, 2008 6:42am Sep 15, 2008 6:42am
my DP 1.7811 breakout to the downside..im looking TP 1.7665..
  • #87,898
  • Sep 15, 2008 6:44am Sep 15, 2008 6:44am
OH man this is just nice.Let go for 1,7710 area.That would be very nice.
  • #87,899
  • Sep 15, 2008 6:57am Sep 15, 2008 6:57am
Quoting DJ4x
Holy.. crap. This is some serious shit today. I was too scared to enter a trade today. Hindsight is always brilliant... isn't it?
Good luck to all those that made some pips today. Happy hunting.
yes bro always easy after the event...good luck on the trading buddy.hopefully we will have a good week..
  • #87,900
  • Sep 15, 2008 6:59am Sep 15, 2008 6:59am
my 3rd target reached.Nice.Closing all.Got to see what will NY bring.Even if we go more down we need some rest.Some will take profit,so it neans retrace and them maybe more down....

Hate to say but that was another 109 i think pips.

I am buying new bike if i dont lost this in NY session
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