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Cable Update (GBPUSD)

  • #89,621
  • Sep 30, 2008 6:49am Sep 30, 2008 6:49am
60 pips up in few seconds
  • #89,622
  • Sep 30, 2008 6:50am Sep 30, 2008 6:50am
Quoting deboooo2005
60 pips up in few seconds
sterling LIBOR fixed highest in long time
Trading is 80% Emotional, 20% Technical
  • #89,623
  • Sep 30, 2008 6:50am Sep 30, 2008 6:50am
Quoting welshguy2000
Ok can anyone explain what the hell happened just then? The price jumped 50 pips in under 20 secs
No can do, but I wish I'd just taken out a long position. watch out for retrace
  • #89,624
  • Sep 30, 2008 6:55am Sep 30, 2008 6:55am
Quoting fx local
sterling LIBOR fixed highest in long time
where do you get that rate / information from? I'm looking online and cant find anything?

cheers
  • #89,625
  • Sep 30, 2008 6:57am Sep 30, 2008 6:57am
it was cause i went short. bye 60 pips
  • #89,626
  • Sep 30, 2008 6:58am Sep 30, 2008 6:58am
Quoting fx local
sterling LIBOR fixed highest in long time
There's nothing on the calendar! So where did the announcement come from?
  • #89,627
  • Sep 30, 2008 7:10am Sep 30, 2008 7:10am
yesterdays vote also wasnt on the calender. and price jumped 100 pips during it. weak calenders
  • #89,628
  • Sep 30, 2008 7:20am Sep 30, 2008 7:20am
news that matters is never on any calendar...only real thing is price action..
  • #89,629
  • Sep 30, 2008 7:23am Sep 30, 2008 7:23am
Quoting mr.m
news that matters is never on any calendar...only real thing is price action..
100% agreee..its all shown in the candles
  • #89,630
  • Sep 30, 2008 7:36am Sep 30, 2008 7:36am
Quoting nAVIN2007
100% agreee..its all shown in the candles
So where we can find important news? NBC?
  • #89,631
  • Sep 30, 2008 7:41am Sep 30, 2008 7:41am
Quoting junior1974
So where we can find important news? NBC?
yeah and the tv...
  • #89,632
  • Sep 30, 2008 7:52am Sep 30, 2008 7:52am
2008.09.30 14:52:51 MARKET TALK: Sterling Spikes, UK Bank Buying

-in the mt4 news, 5min later
  • #89,633
  • Sep 30, 2008 8:05am Sep 30, 2008 8:05am
Quoting vorschlag
2008.09.30 14:52:51 MARKET TALK: Sterling Spikes, UK Bank Buying

-in the mt4 news, 5min later
I saw, I'm short since 1.8073 , 1. TP 1.7921, 2.TP 1.8135 .
This move after news I did'nt now, was big surprise to me
  • #89,634
  • Sep 30, 2008 8:18am Sep 30, 2008 8:18am
Quoting nAVIN2007
yeah and the tv...
Somebody knows what Bush is speaking today?
  • #89,635
  • Sep 30, 2008 8:33am Sep 30, 2008 8:33am
uff 60 pips back. seems your in profit too
  • #89,636
  • Sep 30, 2008 8:33am Sep 30, 2008 8:33am
the most scary thing happened to me a while ago looooool
i opened a short order at 1.8013 then after 1 minute the price started going up... it went up against me 105 pips... i made 2 hedges on the way for around 20 pips all the time while watching -1200 $ hahahahahah

now i have 2 hedged positions with only -280$ which means i gained around 40 $ in the whole scary operation looooool
my account balance is only 7370$
When life gives you lemons, make lemonade
  • #89,637
  • Sep 30, 2008 8:36am Sep 30, 2008 8:36am
Closed my 2 shorts @ 18060
  • #89,638
  • Sep 30, 2008 8:37am Sep 30, 2008 8:37am
Quoting junior1974
Somebody knows what Bush is speaking today?
at what time?
  • #89,639
  • Sep 30, 2008 8:39am Sep 30, 2008 8:39am
Quoting vorschlag
uff 60 pips back. seems your in profit too
Yeah but
Now is coming beautifull Evening Star on H1
What do thing guys?
  • #89,640
  • Sep 30, 2008 8:40am Sep 30, 2008 8:40am
Quoting Chris_35
Closed my 2 shorts @ 18060
if i have closed my short chris without heding and without watching all the time frames i would have lost 1200$ from my 7370$ account!!!

the thing is i shorted at 1.8013 with tp 10 pips because all the time frames stated that we are going down but the news spike was just something temporary... so i was trailing it on every fibo and pivot and then on the way down... i waited before heding again because the hourly close was below the 23% hourly fibonacci which made me somehow relaxed... then i hedged it down on the 61% last up trend just to make sure im even before the news...

god im scared hahaha but that was fun
When life gives you lemons, make lemonade
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