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Cable Update (GBPUSD)

  • #6,361
  • Feb 20, 2007 1:39am Feb 20, 2007 1:39am
.........I think the pair really wants to go LONG after watching this tug of war for the past few hours. I think it's sleep time for me until the UK announcement.
Show me the PIPS!
  • #6,362
  • Feb 20, 2007 2:07am Feb 20, 2007 2:07am
Yes closed my g/u short for 30 pips profit
  • #6,363
  • Feb 20, 2007 2:08am Feb 20, 2007 2:08am
...ha-ha....: ()
TheBe$t
  • #6,364
  • Feb 20, 2007 2:13am Feb 20, 2007 2:13am
Quoting henrycarol
Yes closed my g/u short for 30 pips profit
you don't believe is going below 9500?
  • #6,365
  • Feb 20, 2007 2:14am Feb 20, 2007 2:14am
Quoting cesarnc
you don't believe is going below 9500?
Yeah it will.

I was playing e/u shorts and usd/chf longs too......all big lots.

So better close....and take profit and go visit my friends since still Chinese New Year
  • #6,366
  • Feb 20, 2007 2:15am Feb 20, 2007 2:15am
Well, it just went below 1.9500. Even though I personally don't believe it should be dropping like it is. I am going for a firm reboud once the GBP news is released.
  • #6,367
  • Feb 20, 2007 2:21am Feb 20, 2007 2:21am
Quoting asmocon
Well, it just went below 1.9500. Even though I personally don't believe it should be dropping like it is. I am going for a firm reboud once the GBP news is released.
I wasn't seeing that either... GBP and EUR were so ready to go up at Frankfurt open....
  • #6,368
  • Feb 20, 2007 2:24am Feb 20, 2007 2:24am
Cable trapped in this 9550-9450 range for so long is weird, isn't it? Topped mid-9600 the other day, but overall it is bouncing 9550-9450 for 10 days now...
  • #6,369
  • Feb 20, 2007 2:27am Feb 20, 2007 2:27am
Quoting cesarnc
Cable trapped in this 9550-9450 range for so long is weird, isn't it? Topped mid-9600 the other day, but overall it is bouncing 9550-9450 for 10 days now...
Indeed. It has been rather frustrating on my EA. Basically, for the past week or so it has just been dead trades. It opens up, breaks even, small loss, small win. Just went and checked for myself. It's basically been within that range since Febuary 8th. Yay for boring channeling.
  • #6,370
  • Feb 20, 2007 2:37am Feb 20, 2007 2:37am
EAs are gays......



Just joking.

But seriously they are bad for health.
  • #6,371
  • Feb 20, 2007 2:53am Feb 20, 2007 2:53am
Quoting cesarnc
Cable trapped in this 9550-9450 range for so long is weird, isn't it? Topped mid-9600 the other day, but overall it is bouncing 9550-9450 for 10 days now...
Simple, because we have daily 50 EMA at the top, and 100 EMA at the bottom, and both bull and bear isn't strong enough to push the other out of the sumo ring....
I am just here to talk nonsense =D
  • #6,372
  • Feb 20, 2007 3:07am Feb 20, 2007 3:07am
This is one of my first post's here on ff and just want to thank everyone for all the help that is given everyday. In looking at the this triangle below I do feel as though it will break to the upside due to the fact that it keeps on bouncing of the support. I believe that it will go up to test 9900's once again. What's your thoughts?

Thanks
Bob
Attached Image
  • #6,373
  • Feb 20, 2007 3:12am Feb 20, 2007 3:12am
i agree to go to 980-2.02...but if it goes to 1.888 and u are long dont blame me i aint shorting henry is..
its just money
  • #6,374
  • Feb 20, 2007 3:15am Feb 20, 2007 3:15am
Quoting henrycarol
EAs are gays......



Just joking.

But seriously they are bad for health.

Ahh, only bad for your health if you put too much into it. I have done years of automated trading of Futures with TradeStation and loved it, which would be the same as a EA on the FX market. Well, with simple things such as the FX market not being really regulated, different feeds, etc. Just don't put your life savings into an EA and they can be fun to play with. :-P
  • #6,375
  • Feb 20, 2007 3:19am Feb 20, 2007 3:19am
Quoting de123
i agree to go to 980-2.02...but if it goes to 1.888 and u are long dont blame me i aint shorting henry is..
Thanks for the advice!! I've been reading long enough and am aware of that henry. Every time I thought it would go long henry sign on and need I say more. lol
  • #6,376
  • Feb 20, 2007 3:31am Feb 20, 2007 3:31am
Quoting thunder
This is one of my first post's here on ff and just want to thank everyone for all the help that is given everyday. In looking at the this triangle below I do feel as though it will break to the upside due to the fact that it keeps on bouncing of the support. I believe that it will go up to test 9900's once again. What's your thoughts?

Thanks
Bob
Man, I really thought we'd be seeign 9700s today. Since Asian session it's been 4 assaults to the 9550 area. I thought this 4th would be the ultimate. EURO was above 3170, which was a clear bullish signal...

Then comes London session and that's what we see now
  • #6,377
  • Feb 20, 2007 3:41am Feb 20, 2007 3:41am
wow... heading back to London open... That's my call for staying out for the day....

got a small loss trading to the upside, this time smaller than my previous profit...

When market stays ranging within ±30 pips from Frankfurt open, it is usually a overtrading, overloosing day for me...
  • #6,378
  • Feb 20, 2007 3:47am Feb 20, 2007 3:47am
Shorted again at 1.9515

targeting 1.9444

C u guys in a few hours.
  • #6,379
  • Feb 20, 2007 3:47am Feb 20, 2007 3:47am
Quoting cesarnc
Man, I really thought we'd be seeign 9700s today. Since Asian session it's been 4 assaults to the 9550 area. I thought this 4th would be the ultimate. EURO was above 3170, which was a clear bullish signal...

Then comes London session and that's what we see now
I don't think your predictions are that far off. I am looking at a head and shoulders on the 1hr and I think that it formed the other shoulder during the london session. If it breaks the neck line I expect it to go 1.9669 or in that area. Only time will tell.
  • #6,380
  • Feb 20, 2007 3:55am Feb 20, 2007 3:55am
Quoting henrycarol
Shorted again at 1.9515

targeting 1.9444

C u guys in a few hours.
O god..

whenever I see your s/n, the price is starts falling...
Trade what you see, not what you think.
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