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Cable Update (GBPUSD)

  • #88,081
  • Sep 16, 2008 10:18am Sep 16, 2008 10:18am
Quoting Infinity
:nerd:
She's getting slapped down in the middle area 1.781x. Possible buy opportunity at the bottom or sell at the top coming up either way. I'm favoring the sale from the top.
Just digging in the trenches like everyone else!
  • #88,082
  • Sep 16, 2008 10:46am Sep 16, 2008 10:46am
Quoting eohater
She's getting slapped down in the middle area 1.781x. Possible buy opportunity at the bottom or sell at the top coming up either way. I'm favoring the sale from the top.
market is acting crazy ...
  • #88,083
  • Sep 16, 2008 10:52am Sep 16, 2008 10:52am
Going to england from the pacific coast pm today - i am taking food as i believe they are all starving to death. I am expecting riots in the street and no electricity.

I will report back next week and tell you if the economy has totally collapsed and there is no beer or fish and chips even

I will join the mile long lines of people trying to get their cash out of the banks so they can convert it to mobile phone vouchers, generators, crates of wine and swiss army knives

ok for the next week - don't follow leaders and watch your parking meters and always wear belt and braces (suspenders to you yankees) and tend your s/l's

oh and put the cat out
  • #88,084
  • Sep 16, 2008 10:53am Sep 16, 2008 10:53am
all this volatily must kick some stops around lol
  • #88,085
  • Sep 16, 2008 11:03am Sep 16, 2008 11:03am
anybody trading the fomc today?

here is what I am thinking

no change with doveish statement as expected = short

1/4 cut (since it is already priced in or was till the drop this morning) = long for 50 to 100 pips

1/2 cut unexpected = long for 100 to 200

I will try to get in on pull back after the initial spike or 10-15 min's later after things settle.
  • #88,086
  • Sep 16, 2008 11:27am Sep 16, 2008 11:27am
Quoting Shilva
anybody trading the fomc today?

here is what I am thinking

no change with doveish statement as expected = short

1/4 cut (since it is already priced in or was till the drop this morning) = long for 50 to 100 pips

1/2 cut unexpected = long for 100 to 200

I will try to get in on pull back after the initial spike or 10-15 min's later after things settle.
I'm thinking....
no change with dovish statement as expected = wait on market reaction
1/4 cut = wait on market reaction
1/2 cut unexpected = wait on market reaction

I think there will be fakeouts after this statement so I will probably wait until after the day close to place a trade. It is not wise to try to predict the market, it is best to wait until the market makes its mind up and ride the waves, not bareback though....
Patience + Discipline - Greed = Success
  • #88,087
  • Sep 16, 2008 11:30am Sep 16, 2008 11:30am
Quoting Shilva
anybody trading the fomc today?

here is what I am thinking

no change with doveish statement as expected = short

1/4 cut (since it is already priced in or was till the drop this morning) = long for 50 to 100 pips

1/2 cut unexpected = long for 100 to 200

I will try to get in on pull back after the initial spike or 10-15 min's later after things settle.
sitting on a long -120pps now
Jesus Christ is my only Lord !
  • #88,088
  • Sep 16, 2008 11:31am Sep 16, 2008 11:31am
Quoting Infinity
I'm thinking....
no change with dovish statement as expected = wait on market reaction
1/4 cut = wait on market reaction
1/2 cut unexpected = wait on market reaction

I think there will be fakeouts after this statement so I will probably wait until after the day close to place a trade. It is not wise to try to predict the market, it is best to wait until the market makes its mind up and ride the waves, not bareback though....
  • #88,089
  • Sep 16, 2008 11:31am Sep 16, 2008 11:31am
Quoting Infinity
:nerd:
excellent scalping day today...
updated m15..
Attached Image (click to enlarge)
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Patience + Discipline - Greed = Success
  • #88,090
  • Sep 16, 2008 11:40am Sep 16, 2008 11:40am
Quoting "expert"
Yap.1 and 4 hr oposite.
But i am long because of 15m.Hope to see 1,7950.i moved SL to BE.Now just wait.If we get to 1.7970 most likely i will close and wait for more action. At 1.9740 i have some Resistance line god only knows how.
Thank you guy, your resistance just made me got 100 pips, went long from 1.9740 to 1.9840.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #88,091
  • Sep 16, 2008 11:40am Sep 16, 2008 11:40am
Quoting allserene
Going to england from the pacific coast pm today - i am taking food as i believe they are all starving to death. I am expecting riots in the street and no electricity.

I will report back next week and tell you if the economy has totally collapsed and there is no beer or fish and chips even

I will join the mile long lines of people trying to get their cash out of the banks so they can convert it to mobile phone vouchers, generators, crates of wine and swiss army knives

ok for the next week - don't follow leaders and watch your parking meters and always wear belt and braces (suspenders to you yankees) and tend your s/l's

oh and put the cat out
No need to worry,plenty of FISH and CHIPS,and CHICKEN TIKKA MASALA,we BRITS are more stronger than you think !!
Welcome back home MATE !!

baz
  • #88,092
  • Sep 16, 2008 11:44am Sep 16, 2008 11:44am
Short at 1.7862 sl 1.7880 tp 17800
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  • #88,093
  • Sep 16, 2008 11:45am Sep 16, 2008 11:45am
i can see a little retracement back up
any idea of where it would reach?
  • #88,094
  • Sep 16, 2008 11:54am Sep 16, 2008 11:54am
Quoting Infinity
I'm thinking....
no change with dovish statement as expected = wait on market reaction
1/4 cut = wait on market reaction
1/2 cut unexpected = wait on market reaction

I think there will be fakeouts after this statement so I will probably wait until after the day close to place a trade. It is not wise to try to predict the market, it is best to wait until the market makes its mind up and ride the waves, not bareback though....
that most likely is the best thing to do and I highly recommend that.

I personally consider it a lottery trade and I buy lottery tickets. Risk management is my thing and I won't loose more then I can afford........and have hit it big before.....this could be the day!

No Guts....No Glory hehe

  • #88,095
  • Sep 16, 2008 11:55am Sep 16, 2008 11:55am
A nother reason for my short!? hope it holds the trendline
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  • #88,096
  • Sep 16, 2008 11:58am Sep 16, 2008 11:58am
Quoting Shilva
that most likely is the best thing to do and I highly recommend that.

I personally consider it a lottery trade and I buy lottery tickets. Risk management is my thing and I won't loose more then I can afford........and have hit it big before.....this could be the day!

No Guts....No Glory hehe

Oh Yeah

Never risk everything that's good in your life......to the roll of the Dice.
  • #88,097
  • Sep 16, 2008 12:07pm Sep 16, 2008 12:07pm
Quoting Runway Trade
A nother reason for my short!? hope it holds the trendline

great entry RT.....with the market being this volatile that a fantastic entery u seem to have timed right at where they may be a retrace
also notice how there 3 signs of indecision, 2 shooting stars and a doji.....lol
good stuff bro
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  • #88,098
  • Sep 16, 2008 12:16pm Sep 16, 2008 12:16pm
....
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  • #88,099
  • Sep 16, 2008 12:16pm Sep 16, 2008 12:16pm
Quoting Shilva
that most likely is the best thing to do and I highly recommend that.

I personally consider it a lottery trade and I buy lottery tickets. Risk management is my thing and I won't loose more then I can afford........and have hit it big before.....this could be the day!

No Guts....No Glory hehe

Yeah man.... I guess I'm chicken...
Attached Image
Patience + Discipline - Greed = Success
  • #88,100
  • Sep 16, 2008 12:18pm Sep 16, 2008 12:18pm
Quoting Infinity
Yeah man.... I guess I'm chicken...
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