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Cable Update (GBPUSD)

  • #88,481
  • Sep 18, 2008 5:13am Sep 18, 2008 5:13am
long is looking strong. out at b/e gonna sit on the side line for now.
  • #88,482
  • Sep 18, 2008 5:20am Sep 18, 2008 5:20am
It's time to go down
  • #88,483
  • Sep 18, 2008 5:28am Sep 18, 2008 5:28am
this move up is crazy....looking at weekly, monthly this is looking a like a reversal
  • #88,484
  • Sep 18, 2008 5:31am Sep 18, 2008 5:31am
Quoting Runway Trade
better view
Hey RT
Can you actually see any price action with all those indicators?
I have been checking your trade calls out. Pretty good. Keep it up
  • #88,485
  • Sep 18, 2008 5:32am Sep 18, 2008 5:32am
Quoting DJ4x
Hey RT
Can you actually see any price action with all those indicators?
I have been checking your trade calls out. Pretty good. Keep it up
yeah he has, in what i think is the hardest time to trade and actually been pin pointing the turning points
  • #88,486
  • Sep 18, 2008 5:37am Sep 18, 2008 5:37am
Those medium offers 8270/80 around the 61.8% of the 8795-7447 decline at 8278, providing the current resistance in this pairing as charts see regular bearish oscillator divergence to the 4hr chart and hidden divergence on the daily at that level.

Above current Hi and Minor offers likely at 8300, medium offers 8315/25 say mni, 8321 being the 23.6% of the 1162-7447 move.
ex member
  • #88,487
  • Sep 18, 2008 5:43am Sep 18, 2008 5:43am
Quoting DJ4x
Hey RT
Can you actually see any price action with all those indicators?
I have been checking your trade calls out. Pretty good. Keep it up
Hi, I use two platforms one for direction and one for entry the direction one only has ma on no indicators. the indicaors can get a bit messy.
BTW just went short at 1.8254 and still trying to get out of a bad short at 1.7668. Have not inentionally been trying to pick turning points just trying to get in as hig as possible hopeing for a 200pi drop to average out that silly short.

Navyou still in with that hedge?
  • #88,488
  • Sep 18, 2008 5:45am Sep 18, 2008 5:45am
Market still seems pretty bid in cable, and any breech of current highs could still see valid bearish divergence patterns at higher potential resistances like those mentioned above,...will see what happens...strong rejection of that 8270/80 area so far though, although 38.2% of the intraday up move now providing support . The 30min chart is shown below;

g/l.
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ex member
  • #88,489
  • Sep 18, 2008 5:48am Sep 18, 2008 5:48am
looses = 120 pips

profits = 133 pips

net profit today = + 13 pip only

maybe the fed will inject cash at NY opening today , this should drop the pound .
  • #88,490
  • Sep 18, 2008 5:51am Sep 18, 2008 5:51am
intraday market likely remains bullish whilst above 8160, which coincides with the 61.8% of the i/day move up 8089-8274, @ 8159.
ex member
  • #88,491
  • Sep 18, 2008 5:53am Sep 18, 2008 5:53am
Quoting Runway Trade
Hi, I use two platforms one for direction and one for entry the direction one only has ma on no indicators. the indicaors can get a bit messy.
BTW just went short at 1.8254 and still trying to get out of a bad short at 1.7668. Have not inentionally been trying to pick turning points just trying to get in as hig as possible hopeing for a 200pi drop to average out that silly short.

Navyou still in with that hedge?

yeah buddy, still in it..was looking a reversal signal and then a test of it to get out of the hedge, but it seems with news being what it is, its practically impossible to get it right....

i think we still have to go down, im hoping it will respect the uptrend channel for a while, till 61.8 is reached, then i can try sell at the top buy on the bottom and get out of this mess....

to make matters worse i wont be trading next week since im on a training course for a new job, so this hedge may have to wait
  • #88,492
  • Sep 18, 2008 5:57am Sep 18, 2008 5:57am
latest rumour:
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ex member
  • #88,493
  • Sep 18, 2008 5:59am Sep 18, 2008 5:59am
Quoting nedal26
short:

1.8060/1.8160/1.8230

realy i don`t know how i did it but i will ride it till the end..

crazy but ...

wish me luck...
total profit: 200

total lose: 40

net profit: 160
  • #88,494
  • Sep 18, 2008 6:06am Sep 18, 2008 6:06am
Quoting nAVIN2007
yeah buddy, still in it..was looking a reversal signal and then a test of it to get out of the hedge, but it seems with news being what it is, its practically impossible to get it right....

i think we still have to go down, im hoping it will respect the uptrend channel for a while, till 61.8 is reached, then i can try sell at the top buy on the bottom and get out of this mess....

to make matters worse i wont be trading next week since im on a training course for a new job, so this hedge may have to wait
Looks like we hopeing for opposite directins for now. I am scanning the news chaneels for this rumor of BOE rate cuts, but nothing. That will really help me now.
I keep kicking my ass for not taking the loss on that trade when I could. I kept thinking its going down nowfor sure. On Friday last week I has 20pips+ while it was moving down I though it was going to 1.7550 next minut I was 100pips- (yeh yeh I know SL, but I am scared the BOE is watching my trade and will eat my SL)
Funny how I can keep a loosing trade for a week but cut winnig trades short with many pips to come?!
I hope we both get out + this week
  • #88,495
  • Sep 18, 2008 6:19am Sep 18, 2008 6:19am
Quoting Runway Trade
Looks like we hopeing for opposite directins for now. I am scanning the news chaneels for this rumor of BOE rate cuts, but nothing. That will really help me now.
I keep kicking my ass for not taking the loss on that trade when I could. I kept thinking its going down nowfor sure. On Friday last week I has 20pips+ while it was moving down I though it was going to 1.7550 next minut I was 100pips- (yeh yeh I know SL, but I am scared the BOE is watching my trade and will eat my SL)
Funny how I can keep a loosing trade for a week but cut winnig trades short with many pips to come?!
I hope we both get out + this week
thats why this hedge for me isnt so bad, long term direction is down, the fact the a morning star isnt present shows us this isnt a trend reversal but just a correction (intermediate trend) they wont be a rate cut here yet ( i think!) but i do believe that long term direction is going to be 1.7 area..

have a look at this chart we still have room..but a retrace needs to come first....(3 WEEK CHART.....)
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  • #88,496
  • Sep 18, 2008 6:38am Sep 18, 2008 6:38am
Quoting bbmac
latest rumour:

is it

jp morgan stanley

or

goldman stanley?!!
Trading is 80% Emotional, 20% Technical
  • #88,497
  • Sep 18, 2008 6:41am Sep 18, 2008 6:41am
i still have stong feelings that by the end of the us session today we would see 1.836+ on this pair before a strong reversal next week.


just my thought.
  • #88,498
  • Sep 18, 2008 6:41am Sep 18, 2008 6:41am
Quoting fx local
is it

jp morgan stanley

or

goldman stanley?!!

Lol, well as Man utd are now sponsered by the U.s tax payer, anything goes...Maybe Morgan 'fed' stanley ??
ex member
  • #88,499
  • Sep 18, 2008 6:58am Sep 18, 2008 6:58am
we are ready to fly down make the move :nerd:
  • #88,500
  • Sep 18, 2008 7:03am Sep 18, 2008 7:03am
agree with that.....
down with GBP.....
Quoting roslan1984
we are ready to fly down make the move :nerd:
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