Cable Update (GBPUSD) | Page 382 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #7,621
  • Mar 2, 2007 8:53am Mar 2, 2007 8:53am
The Chinese tornado

[FOCUS COMMENT: CHINA CONCERNS] as worries about the economy/financial strength generate a huge bout of risk aversion that has spread like wildfire through currency, commodity and equity mkts, in part triggered by the early week collapse in the Chinese stock mkt. Hence the health of the Chinese giant will be key in determing the longer term outlook
  • #7,622
  • Mar 2, 2007 9:11am Mar 2, 2007 9:11am
i wonder if it's going back to 1.9490?
Nihil Sine Deo.
  • #7,623
  • Mar 2, 2007 9:16am Mar 2, 2007 9:16am
Quoting Scrat
i wonder if it's going back to 1.9490?
No one is taking the chances of being the first buyer here....
  • #7,624
  • Mar 2, 2007 9:17am Mar 2, 2007 9:17am
Quoting cesarnc
No one is taking the chances of being the first buyer here....
Looks like it could be just a "dead cat bounce".
  • #7,625
  • Mar 2, 2007 9:20am Mar 2, 2007 9:20am
next stop: 1.9270 ?

;-)
  • #7,626
  • Mar 2, 2007 9:24am Mar 2, 2007 9:24am
Quoting Basilides
next stop: 1.9270 ?

;-)
well, I was calling 9444 "stupidity" this morning. Now it is "resistance"...

Next stupidity for me is 9200 today.
  • #7,627
  • Mar 2, 2007 9:26am Mar 2, 2007 9:26am
lol, well in markets that move so quickly, who can blame anyone? Besides, we always deal with probabilities as we all know. Never with certainties.

By the way, watch out for GBP/JPY possibly forming a pin bar on the 4 hr ;-)
  • #7,628
  • Mar 2, 2007 9:29am Mar 2, 2007 9:29am
Since I have closed 400 pips total GBPUSD sell position (x 4 lots) before 1 hour ago, I just placed another two stop orders again:

Short @ 1.9410, SL:9450, TP:9300
Long @ 1.9460, SL:9405, TP:9505

One cancel another, then running to next week.

But I am not sure does that orders make sense at this time? Anyone would like to suggest better position? I will very appreciate.....
- Ray Tracy - Novice forex trader from GMT+8
  • #7,629
  • Mar 2, 2007 9:33am Mar 2, 2007 9:33am
Quoting raytracy
Since I have closed 400 pips total GBPUSD sell position (x 4 lots) before 1 hour ago, I just placed another two stop orders again:

Short @ 1.9410, SL:9450, TP:9300
Long @ 1.9460, SL:9405, TP:9505

One cacnel another, then running to next week.

But I am not sure does that orders make sense at this time? Anyone would like to suggest better position? I will very appreciate.....

hmm, interesting, on your long order you look for +45 pips while risking 55
  • #7,630
  • Mar 2, 2007 9:34am Mar 2, 2007 9:34am
Well, 9401 is no breaking news. It is not Cable if it doesn't flush out stops at 9380 today...
  • #7,631
  • Mar 2, 2007 9:39am Mar 2, 2007 9:39am
Quoting Basilides
hmm, interesting, on your long order you look for +45 pips while risking 55
ok, how about:

Short @ 1.9430, SL:9460, TP:9300
Long @ 1.9460, SL:9435, TP:9500

...
- Ray Tracy - Novice forex trader from GMT+8
  • #7,632
  • Mar 2, 2007 9:50am Mar 2, 2007 9:50am
Quoting wep561
That funny because I have exactly the same issues living in EST. I am at my computer at 1 AM normally to catch the last hour of the Asian session and trade through Frankfurt, London and 4 hours into the NY session. Sleep when I can during non trading hours.
A couple of years ago GU was exactly the opposite with the NY session being the driving force. I'm thinking about moving to Europe myself.
I hear ya-I vacationed in London in November and paid for the whole trip trading two days w my laptop... When you're there you realize that the whole financial world revolves around London. Free newspaper at the hotel had better currency news and analysis than the Wall Street Journal. What has happened to New York???
  • #7,633
  • Mar 2, 2007 9:53am Mar 2, 2007 9:53am
Quoting Taters
...When you're there you realize that the whole financial world revolves around London.
Free newspaper at the hotel had better currency news and analysis than the Wall Street Journal.
What has happened to New York???
hug... heu... American Dream ?
  • #7,634
  • Edited 10:27am Mar 2, 2007 9:53am | Edited 10:27am
i think it's a good idea, at least the long setup because i see the whole area between 9445 and 9465 as uncertain - at least for the next hour. maybe wait for a close above 1.9465 before placing your long?
as far as the short setup, i don't see anything there, it's just a matter of time before another dip.

i'm looking at a dog who's biting balloons, there's a morning show on tv... he got'em all, little bastard... about 40.

Quoting raytracy
ok, how about:

Short @ 1.9430, SL:9460, TP:9300
Long @ 1.9460, SL:9435, TP:9500

...
Nihil Sine Deo.
  • #7,635
  • Mar 2, 2007 10:07am Mar 2, 2007 10:07am
Quoting wep561
That funny because I have exactly the same issues living in EST. I am at my computer at 1 AM normally to catch the last hour of the Asian session and trade through Frankfurt, London and 4 hours into the NY session. Sleep when I can during non trading hours.
A couple of years ago GU was exactly the opposite with the NY session being the driving force. I'm thinking about moving to Europe myself.
Instead of moving, take a month-long "biz trip" to Europe, let's say the Riviera or perhaps Sorrento, make a few trades a day, and write it all off. Money for nothing and the chicks for free!
They call me "Hondo"
  • #7,636
  • Mar 2, 2007 10:19am Mar 2, 2007 10:19am
9470s and 9490s are usual retracement levels for a move like today.... I'm out and watching. a nice a week to gamble the Friday afternoon.

Way to creepy this US session... Seems fuelled but without clear direction in all pairs.
  • #7,637
  • Mar 2, 2007 10:29am Mar 2, 2007 10:29am
Quoting Taters
As someone trying to day-trade the New York Session, well, I'm finding NY frustrating. It seems the London session is most often a mover and New York is either dead or choppy, uh, but you knew that.Anyway I know some of you guys, like me, are East Coast traders so my question is : how early do you get up? I was trying to trade London for a while with mixed results because after a few days my lack of sleep started really effecting my judgment. Do you go to bed at 7 pm? Do you skip "Freakfurt" altogether? Can you skip the open and just get there at 5 or 6 AM EST? Hit that Red Bull in the AM ? Am I just a wuss who should be able to trade NY? ( OK don't answer that one...)
In short- how do you deal w the Time Zone issue?Your sage advice would be most appreciated.
I go to bed early! Seriously, I found trading New York expensive and trading Europe far easier so I get up at 2am. Start trading around 3am.
  • #7,638
  • Mar 2, 2007 10:33am Mar 2, 2007 10:33am
Looks as though Bernanke has his usual effect: now cable is starting to rise and UJ is dropping. How can one man so consistently have a negative effect on a currency? Maybe the effect will not last.
  • #7,639
  • Mar 2, 2007 10:37am Mar 2, 2007 10:37am
well i play mainly us session...interesting, and im from europe...but i like oil, and it start to move only when the us opens...otherwise its quite like a mouse in cat garden...
its just money
  • #7,640
  • Mar 2, 2007 10:38am Mar 2, 2007 10:38am
Calling it a week... Soon sparks start flying on position close for the weekend and I don't want to be here to see the last dog die.

Have to grab some sleep time back, too...

270 traders viewing now