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Cable Update (GBPUSD)

  • #6,721
  • Feb 22, 2007 10:23am Feb 22, 2007 10:23am
Quoting cesarnc
Grabbed a few pips back in this upwards move.... Loser day though...

I just cant stand this feeling that my head is going to explode since the f'n London session...

Grabbing some manageable loss, calling it a day

Now that mother fucker is going to touch 2.0000... go figure


Cant believe it.. I went long at 1.9520 got out at 44 to try and scalp a little.. now caught myself out big time with a 30 pip loss... aarrghh would have been 50 pips up if I had left it..
  • #6,722
  • Feb 22, 2007 10:24am Feb 22, 2007 10:24am
EUR/USD, with a move above 1.3150s, and GBP/USD back above 1.9600s, and fundamentals lying, GBP/USD could very well go for the upper boundary, that dwells around 2.02.

As noted before, GBP/USD upward channel is 1.92 -> 2.02
  • #6,723
  • Feb 22, 2007 10:25am Feb 22, 2007 10:25am
Quoting patricio0793
Cant believe it.. I went long at 1.9520 got out at 44 to try and scalp a little.. now caught myself out big time with a 30 pip loss... aarrghh would have been 50 pips up if I had left it..

If it was me, I wouldn't see that as a "loss". At the end, you got what you asked for, scalping.
  • #6,724
  • Feb 22, 2007 10:29am Feb 22, 2007 10:29am
Quoting patricio0793
Cant believe it.. I went long at 1.9520 got out at 44 to try and scalp a little.. now caught myself out big time with a 30 pip loss... aarrghh would have been 50 pips up if I had left it..
Now it looks too late to get back in....

Well, looks to late... as it looked likely to break 9490 downwards...

Not trading cocaine-driven market... almost 100 pips up at this time of the day... Hate US session...

Hope you guys to be making a killing over there... I'll wait for the next bandwagon....
  • #6,725
  • Feb 22, 2007 10:29am Feb 22, 2007 10:29am
Quoting cesarnc
Definitely cocaine is back to Wall Street
you are probably correcter than you think...
  • #6,726
  • Edited 10:48am Feb 22, 2007 10:29am | Edited 10:48am
1 more thing then im really done....
its just money
  • #6,727
  • Feb 22, 2007 10:29am Feb 22, 2007 10:29am
Quoting theroller
If it was me, I wouldn't see that as a "loss". At the end, you got what you asked for, scalping.

I know., I know.. I was so bored with the days trading.. I thought I would... and I rarely do it.. very rarely..

What a fool!!!! its got to reverse soon!!
  • #6,728
  • Feb 22, 2007 10:34am Feb 22, 2007 10:34am
I've actually hit 40 pip mark 1.530 area thinking long after is bounced off 9490 a few times today.

Fibs baby :-)
  • #6,729
  • Feb 22, 2007 10:35am Feb 22, 2007 10:35am
Quoting cesarnc
OUCH!

You should have stayed true to your (soo going up) analysis!
  • #6,730
  • Feb 22, 2007 10:35am Feb 22, 2007 10:35am
Oh noo i close loss -14pips my long position at 9540, and now going upward, unlucky me.
I think doji D1, maybee today close @9551
  • #6,731
  • Feb 22, 2007 10:36am Feb 22, 2007 10:36am
sometimes the big boys create spikes in order to hit stop loss. i wonder how many stop losses were hit with this spike, i think 90% of $ bulls?
  • #6,732
  • Feb 22, 2007 10:36am Feb 22, 2007 10:36am
short 1.9572
  • #6,733
  • Feb 22, 2007 10:37am Feb 22, 2007 10:37am
THAT'S PROBABLY THE FREAKING RESON WHY..... S$#@$@# F$#@#$ MF@#$@%@%

There are reports of a lot of [POLICE ACTIVITY] in downtown [NEW YORK], which some suggest is the reason the [USD] has broken lower. Eur/Usd has pushed through offer interest around 1.3130 and faces next offers into 1.3150 and then 1.3170. A touted 1.3200 barrier earlier in the week saw heavy offer interest from 1.3180. The Iranian nuclear issue heating up further after the IAEA reported the country has 300 centrifuges in a plant where industrial scale uranium enrichment is planned may also be playing a part, as reports earlier in the week that the US has contingency plans to attack Iranian installations saw the Usd dip lower.
  • #6,734
  • Feb 22, 2007 10:38am Feb 22, 2007 10:38am
It still trading within the channel on 1H. The move upwards is on light volume as per tick data on InterbankFX ( the biggest volume was on down bar ). That makes me think the move might be based on stops been triggered.
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  • #6,735
  • Feb 22, 2007 10:39am Feb 22, 2007 10:39am
Quoting de123
1 more thing then im really done....
obviously it can, regardless of what the indicators say. It is better to get a "sense" of the USD and its counterparts, then to get a sense of the indicators.
  • #6,736
  • Feb 22, 2007 10:39am Feb 22, 2007 10:39am
Got stopped from my earlier short and my buystop triggered....closed the longs at 1.9570 and shorted at 1.9575.

geez......lol
  • #6,737
  • Feb 22, 2007 10:42am Feb 22, 2007 10:42am
Quoting henrycarol
Got stopped from my earlier short and my buystop triggered....closed the longs at 1.9570 and shorted at 1.9575.

geez......lol
Got a short at 9572.... aiming 9561 then 9548 for retracement... Not apearing too much in the mood to come down, but whatta hell else we gotta do?
  • #6,738
  • Feb 22, 2007 10:50am Feb 22, 2007 10:50am
Quoting cesarnc
Got a short at 9572.... aiming 9561 then 9548 for retracement... Not apearing too much in the mood to come down, but whatta hell else we gotta do?

I am too put a short at 9775 looking to hit Fib 23 then hopefully to Fib 50 retracement at 9535.

Tight pip stop though and usually around this time in NY 12 noon usually things calm down and head south.
  • #6,739
  • Feb 22, 2007 10:51am Feb 22, 2007 10:51am
Quoting cesarnc
Got a short at 9572.... aiming 9561 then 9548 for retracement... Not apearing too much in the mood to come down, but whatta hell else we gotta do?

Sell USD.
  • #6,740
  • Feb 22, 2007 10:51am Feb 22, 2007 10:51am
Quoting newjersey24
I am too put a short at 9775 looking to hit Fib 23 then hopefully to Fib 50 retracement at 9535.

Tight pip stop though and usually around this time in NY 12 noon usually things calm down and head south.
coming from a newjersey, sounds good to me
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