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Cable Update (GBPUSD)

  • #93,241
  • Oct 22, 2008 12:42pm Oct 22, 2008 12:42pm
Quoting LuckyLurker
looks to of entered flat atm. range tug o war going on.. Usd/jpy could be busting down from here though.. either that or it will bounce hard.
is it expected to fall more like GBP?
When life gives you lemons, make lemonade
  • #93,242
  • Oct 22, 2008 12:43pm Oct 22, 2008 12:43pm
Quoting micho
no but i mean, we are buying below the 23% level so technically better keep your stop loss near just in case a big retracement happened
I agree with close stops. It is easy to make up 20 or 30 pips in this market but not so easy when you let it run too long. I have been trading with the trend which is no doubt short but it would be nice to start a move back the other way. Most people I know who are losing in this market are trying to guess a bottom. They are certain it can't run any more, but it can.

Thanks for the reply,
PT
Zone Breakout Method
  • #93,243
  • Oct 22, 2008 12:45pm Oct 22, 2008 12:45pm
Quoting micho
is it expected to fall more like GBP?
no ideas on that.
USD Est Non Mortuus
  • #93,244
  • Oct 22, 2008 12:46pm Oct 22, 2008 12:46pm
Quoting PowerTrader
I agree with close stops. It is easy to make up 20 or 30 pips in this market but not so easy when you let it run too long. I have been trading with the trend which is no doubt short but it would be nice to start a move back the other way. Most people I know who are losing in this market are trying to guess a bottom. They are certain it can't run any more, but it can.

Thanks for the reply,
PT
i agree with you about making quick 20-30 pips without letting the order run for a long time... and with tight stops and BE as well... but i dont like to go long. if i go long i hedge it with a short at the same price just in case... so i get profit both ways
When life gives you lemons, make lemonade
  • #93,245
  • Oct 22, 2008 12:47pm Oct 22, 2008 12:47pm
hi all.I have been very beasy today.My result for today.And the day isnt over yet.! standard lot using.Well second day on my new job was ok too.Soon they said they will give maybe 2 lots or more.Holy manoly.

I wasn't reading post heare but hope you did well.

See ya later.
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  • #93,246
  • Oct 22, 2008 12:53pm Oct 22, 2008 12:53pm
possible up target 1.6328, that doesnt mean to go long

i have one short and one long
When life gives you lemons, make lemonade
  • #93,247
  • Oct 22, 2008 12:57pm Oct 22, 2008 12:57pm
now?
Jesus Christ is my only Lord !
  • #93,248
  • Oct 22, 2008 12:58pm Oct 22, 2008 12:58pm
Quoting hipcio
now?
i dont know just guessing
When life gives you lemons, make lemonade
  • #93,249
  • Oct 22, 2008 12:59pm Oct 22, 2008 12:59pm
bad news for U.S.

Usually a country's currency depreciates as it enters a recession and that helps it to export out of it...

Can't imagine what this is doing to Microsoft, Hollywood, Boeing etc etc

On the other hand, gasoline is cheaper so all the unemployed can drive to Yellowstone park for less - just before their cars are repossessed

With all the money printing, the US could have an appreciating currency and inflation ! No good side to that
  • #93,250
  • Oct 22, 2008 12:59pm Oct 22, 2008 12:59pm
plenty of resistances on the way though
When life gives you lemons, make lemonade
  • #93,251
  • Oct 22, 2008 1:07pm Oct 22, 2008 1:07pm
Quoting micho
there is one thing to keep in your mind guys, dont forget that you might have a huge retrace anytime... so dont play with big lots just in case because the stop loss is far away... we are shorting near the bottoms
Bottom ?
Is there really any bottom for this baby ?
  • #93,252
  • Oct 22, 2008 1:09pm Oct 22, 2008 1:09pm
Quoting gagakrimba
Bottom ?
Is there really any bottom for this baby ?
i didnt mean to say bottom, i meant to say the 0% of the current trend
When life gives you lemons, make lemonade
  • #93,253
  • Oct 22, 2008 1:10pm Oct 22, 2008 1:10pm
If everything stays like this i think i might start to sculp from 6300 area tand 6230 area maybe 2 times
1 short running from 6295

But first let me see will it come to 6300 and will it hold.Next starting point if this don't work 6340 area.If that don' t hold leaving pending order at 6600 to get activ if comes to it.

If goes first to 6200 area closing 1st short and quit for today.

That is the plan.We will see what will be.
  • #93,254
  • Oct 22, 2008 1:21pm Oct 22, 2008 1:21pm
On 15 chart bearish revers divergance.If plays then it will test 7130 area and if break we will see.But for this momentum must break 0 level.And this 15m time frame is little small for divergance in my thinking but could work.

By the way on 1 hr we had 5 bulish divergances and non of them plays out.Which is strange for me.usualy clasic divergance plays all the time.6th was reverse bearish and that plays out.We had testing of 6210 low
  • #93,255
  • Oct 22, 2008 1:50pm Oct 22, 2008 1:50pm
so what do we think? is that it for the upward movement or is there going to be more?
  • #93,256
  • Oct 22, 2008 1:53pm Oct 22, 2008 1:53pm
Quoting spintrader
so what do we think? is that it for the upward movement or is there going to be more?
well 1.6343 seems reachable, after that 1.6387 is harder so lets see
When life gives you lemons, make lemonade
  • #93,257
  • Oct 22, 2008 1:54pm Oct 22, 2008 1:54pm
Quoting \"expert\"
hi all.I have been very beasy today.My result for today.And the day isnt over yet.! standard lot using.Well second day on my new job was ok too.Soon they said they will give maybe 2 lots or more.Holy manoly.

I wasn't reading post heare but hope you did well.

See ya later.
thats great trading....i dunno how u do it in this market trading full lot sizes but ofcourse its all account relative isnt it
  • #93,258
  • Oct 22, 2008 1:57pm Oct 22, 2008 1:57pm
nAvin How's your hedge looking...?
Ride the Bulls bearback!
  • #93,259
  • Oct 22, 2008 2:01pm Oct 22, 2008 2:01pm
Quoting alcando
nAvin How's your hedge looking...?
hectic actually i thinking i need to cancel it maybe a start fresh this is stupid im losing cash.....im never gonna know when its gong up..

thats what im thinking..
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  • #93,260
  • Oct 22, 2008 2:02pm Oct 22, 2008 2:02pm
Quoting nAVIN2007
hectic actually i thinking i need to cancel it maybe a start fresh this is stupid im losing cash.....im never gonna know when its gong up..

thats what im thinking..

My broker doesn't offer hedges...what is the expiration period for a hedge?
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