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Cable Update (GBPUSD)

  • #93,201
  • Oct 22, 2008 11:28am Oct 22, 2008 11:28am
Quoting LuckyLurker
dunno,, all I've heard is dealers a sighting support from sept 2003.. 6060

Just think of when all this is over and US$ goes to hell...wonderful buying opp...
  • #93,202
  • Oct 22, 2008 11:29am Oct 22, 2008 11:29am
Quoting PipGal
I want to know what the big boys are thinking...we could see a massive fall or a massive retrace...

truthfully i think massive fall is in the cards.
look at the recent retrace, it only came back to the 400's, i don't think that was even the 23% fib. the last 1.5 wks has been the same story, huge drop, no real retrace.

shoot, look at earlier this am....when i got up it was in the high three hundres and in a matter of an hour dropped over 200 pips. i still managed to grab over 100 pips on that move.
  • #93,203
  • Oct 22, 2008 11:30am Oct 22, 2008 11:30am
Hi guys...
Will there be another 800++ pips drop today
  • #93,204
  • Oct 22, 2008 11:31am Oct 22, 2008 11:31am
Quoting PipGal
Just think of when all this is over and US$ goes to hell...wonderful buying opp...

oh yeah there's going to be a GREAT carry trade out of all this....as long as we dont get hit for negative swop on a long that is
  • #93,205
  • Oct 22, 2008 11:32am Oct 22, 2008 11:32am
Quoting dakrusha
truthfully i think massive fall is in the cards.
look at the recent retrace, it only came back to the 400's, i don't think that was even the 23% fib. the last 1.5 wks has been the same story, huge drop, no real retrace.

shoot, look at earlier this am....when i got up it was in the high three hundres and in a matter of an hour dropped over 200 pips. i still managed to grab over 100 pips on that move.

Hopefully we all managed to grab 100+ today.

I just don't know how much further down she can go...today at least. Heck, I've given up all technicals on this pair. Seems like insane manipulation to me.

Look at the monthly chart. Scary!!!
  • #93,206
  • Oct 22, 2008 11:34am Oct 22, 2008 11:34am
I want to add another short, where do you think will be a good point to do this. I'm not sure how far she'll retrace. 6300?
  • #93,207
  • Oct 22, 2008 11:38am Oct 22, 2008 11:38am
well I added a short at 265 with a tight stop loss, hopefully it'll just be down from here for the rest of the week.
  • #93,208
  • Oct 22, 2008 11:38am Oct 22, 2008 11:38am
damn, my broker won't give me a fill on the order. miss the drop
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  • #93,209
  • Oct 22, 2008 11:40am Oct 22, 2008 11:40am
I broke my system rule again, short at the bottom without enough clue, floating loss - 77 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,210
  • Oct 22, 2008 11:41am Oct 22, 2008 11:41am
Quoting joeblack
damn, my broker won't give me a fill on the order. miss the drop

dang it i saw that comin too, and i walked away from my comptuer for 5 minutes..that's it, i'm never leaving my computer again.
wheres room service when i need them
  • #93,211
  • Oct 22, 2008 11:43am Oct 22, 2008 11:43am
my 50 pips goneeeee. 1 minutes 50 pips.. break it babeeeyyyy... go go go
  • #93,212
  • Oct 22, 2008 11:45am Oct 22, 2008 11:45am
Down cable down !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,213
  • Oct 22, 2008 11:45am Oct 22, 2008 11:45am
Quoting FxMatt
Sounds like another great day Micho

What is your weekly pips target?
i dont have a target nowadays

used to have monthly target 25% of my account but that system failed in august... so im trying to find another...
When life gives you lemons, make lemonade
  • #93,214
  • Oct 22, 2008 11:46am Oct 22, 2008 11:46am
Quoting spintrader
I want to add another short, where do you think will be a good point to do this. I'm not sure how far she'll retrace. 6300?
I doubt it`ll go to 6300....not today at least.
  • #93,215
  • Oct 22, 2008 11:47am Oct 22, 2008 11:47am
Quoting musani
Thanks micho, u are realy nice guy
When life gives you lemons, make lemonade
  • #93,216
  • Oct 22, 2008 11:49am Oct 22, 2008 11:49am
well as its appearing on my screen, the first tp of this horrible 4H down trend is around 1.5858 so... lol, are you gonna set this as take profit?
When life gives you lemons, make lemonade
  • #93,217
  • Oct 22, 2008 11:51am Oct 22, 2008 11:51am
Quoting gagakrimba
I doubt it`ll go to 6300....not today at least.
No... no....
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,218
  • Oct 22, 2008 11:51am Oct 22, 2008 11:51am
ok got in WAY late but in none the less at 225. TP set o 6095 and SL at BE now that its below 200..FREE TRADE..WOO HOOOOOO!!!!!

EDIT...SL'd!!! hahahah

EDIT II....glad i had that tight SL...would be -45 now
  • #93,219
  • Oct 22, 2008 11:53am Oct 22, 2008 11:53am
isn't it strange that when you return to your computer and look at the 15min candles, your brain tells you it looks like 35-40pips, then you messure it and see it is actually +100

weird!
  • #93,220
  • Oct 22, 2008 11:56am Oct 22, 2008 11:56am
Quoting micho
well as its appearing on my screen, the first tp of this horrible 4H down trend is around 1.5858 so... lol, are you gonna set this as take profit?
if 6060 breaks
USD Est Non Mortuus
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