Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#99,621
Nov 19, 2008 6:46am Nov 19, 2008 6:46am

pipexy
| Joined Jun 2008 | Status: Keep Growing,One Step At A Time! | 6 Posts

Quoting AmeriTrini

Disliked

I hope your short is closed

Ignored

Ah!Cant AGREE more!!Meanwhile, I,sitting atop my cent,enjoys my jolly ride up North!!!LOL!!!

#99,622
Nov 19, 2008 6:48am Nov 19, 2008 6:48am

alcando
| Joined Jul 2008 | Status: Pip Pincher | 758 Posts

Happy Happy! Took 60 off the longs... I feel slightly recovered emotionally from this morning's anti-daytrend trading. ahumm.... We'll come back to fetch you soon dude.

Quoting micho

Disliked

now this is your challenge, if you can let it pass 1.526x your next task would be 1.56x... if it passes 1.526x my account blows. so show me what you can do

Ignored

Ride the Bulls bearback!

#99,623
Nov 19, 2008 6:48am Nov 19, 2008 6:48am

micho
Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts

Quoting PipLand

Disliked

im debating closing at 5265 will see how it is when it gets there

Ignored

now hoping for a good correction

When life gives you lemons, make lemonade

#99,624
Nov 19, 2008 6:49am Nov 19, 2008 6:49am

picky2004
| Joined Jan 2007 | Status: Trader | 39 Posts

if it goes back in the channel , retrace from thi move to 1.51 the next step it can go to 1.56 for sure
lets see the support at 1.51

#99,625
Nov 19, 2008 6:49am Nov 19, 2008 6:49am

micho
Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts

Quoting alcando

Disliked

Happy Happy! Took 60 off the longs... I feel slightly recovered emotionally from this morning's anti-daytrend trading. ahumm.... We'll come back to fetch you soon dude.

Ignored

hurry lol

When life gives you lemons, make lemonade

#99,626
Nov 19, 2008 6:51am Nov 19, 2008 6:51am

Abu-Rami
Joined Jul 2007 | Status: Senior Member | 1,553 Posts

Quoting Abuawad

Disliked

thanks,
and here is the chart for today and try to get the some profit using the horizontal lines, using the 1 H Chart

Ignored

Well, i wasn't in the Market today. But it work....

#99,627
Edited 6:58am Nov 19, 2008 6:55am | Edited 6:58am

"expert"
| Commercial User | Joined May 2008 | 1,300 Posts

Quoting micho

Disliked

now this is your challenge, if you can let it pass 1.526x your next task would be 1.56x... if it passes 1.526x my account blows. so show me what you can do

Ignored

You are still short.Well micho you know me.My smal SL do the job.I am long and taking money.If this starts to fall i will go short and taking money again and you will pray for this to go down just to get BE or to get out with smal lost.

#99,628
Nov 19, 2008 6:57am Nov 19, 2008 6:57am

micho
Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts

Quoting "expert"

Disliked

You are still long.Well micho you know me.My smal SL do the job.I am long and taking money.If this starts to fall i will go short and taking money again and you will pray for this to go down just to get BE or to get out with smal lost.

Ignored

yep

When life gives you lemons, make lemonade

#99,629
Nov 19, 2008 6:58am Nov 19, 2008 6:58am

TreasureHunt
| Joined Apr 2008 | Status: Lets Hunt The Treasure | 102 Posts

i think we can't see a real big sell maybe in a few days or perhaps in a few weeks...

maybe just retracement in retracement...

ps. gagakrimba i can see ur big teeth is showing up...

#99,630
Nov 19, 2008 6:58am Nov 19, 2008 6:58am

micho
Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts

i clearly see the bullish divergence on the 1h chart, this should go down by the rules of gravity

When life gives you lemons, make lemonade

#99,631
Nov 19, 2008 7:01am Nov 19, 2008 7:01am

AmeriTrini
Joined Apr 2007 | Status: USF Statistics | 2,248 Posts

Quoting micho

Disliked

i clearly see the bullish divergence on the 1h chart, this should go down by the rules of gravity

Ignored

lol...you are funny...don't fight with the charts, you will lose. Just follow it.

#99,632
Nov 19, 2008 7:02am Nov 19, 2008 7:02am

Infinity
Joined Feb 2008 | Status: Trader | 5,732 Posts

Quoting brokerslo

Disliked

Infinity where is yours 50 ema ,mine is at 5166,
just want to compere

thnx

Ignored

yes that's where it is...

Patience + Discipline - Greed = Success

#99,633
Nov 19, 2008 7:04am Nov 19, 2008 7:04am

musani
| Joined Jun 2008 | Status: GELORE | 600 Posts

yep, as i said just now my 3 @ 5min try to go long

GELORE

#99,634
Nov 19, 2008 7:06am Nov 19, 2008 7:06am

alcando
| Joined Jul 2008 | Status: Pip Pincher | 758 Posts

From Reuters:

LONDON, Nov 19 (Reuters) - Sterling jumped to session highs versus the dollar and euro on Wednesday, shrugging off early losses after Bank of England minutes showed a 9-0 vote in favour of slashing interest rates 150 basis points at its last meeting.

Traders cited buying from a U.S. bank from the $1.50 level upwards, moving the pound up more than a cent from levels seen just after the BoE minutes were published.

By 1053 GMT, sterling was up half a percent on the day at $1.5054, having hit a session high of $1.5072 <GBP=>. The euro was down half a percent at 83.87 pence <EURGBP=>.

"The same U.S. name that has been buying cable all week seems to be back in the market," said a London-based trader.

He added that stop losses in the dollar beyond around $1.5010 had pushed sterling/dollar higher, while the sudden move had been exacerbated by extremely thin trade.

On the data front, the Confederation of British Industry's Industrial trends survey is due at 1100 GMT.

(Reporting by London Forex Team)

Ride the Bulls bearback!

#99,635
Nov 19, 2008 7:14am Nov 19, 2008 7:14am

PipLand
| Joined Nov 2008 | Status: Trader | 2,548 Posts

Quoting alcando

Disliked

From Reuters:

LONDON, Nov 19 (Reuters) - Sterling jumped to session highs versus the dollar and euro on Wednesday, shrugging off early losses after Bank of England minutes showed a 9-0 vote in favour of slashing interest rates 150 basis points at its last meeting.

Traders cited buying from a U.S. bank from the $1.50 level upwards, moving the pound up more than a cent from levels seen just after the BoE minutes were published.

By 1053 GMT, sterling was up half a percent on the day at $1.5054, having hit a session high of $1.5072 <GBP=>. The euro...

Ignored

If there intent on buying there gonna be doing it all day long

#99,636
Nov 19, 2008 7:18am Nov 19, 2008 7:18am

i.shawish
| Joined Oct 2008 | Status: Trader | 126 Posts

WAAAAAAAAAAAAAAAAAAAAAAAAAAW...WHAT IS THIS...MAYBE THE GRAVITY WORKING IN THE OPPOSIT DIRECTION...DON`T WORRY MICHU IT WILL COME DOWN IN THE NEXT DECAY

...MAY SELF TILL ME TO GO SHORT BECAUSE THIS LADY MOVES ABOUT 400 PIPS FOR NOW:nerd:

what you get in the wind goes through the storms

#99,637
Nov 19, 2008 7:20am Nov 19, 2008 7:20am

Infinity
Joined Feb 2008 | Status: Trader | 5,732 Posts

:nerd:

Attached Image

Patience + Discipline - Greed = Success

#99,638
Nov 19, 2008 7:23am Nov 19, 2008 7:23am

alcando
| Joined Jul 2008 | Status: Pip Pincher | 758 Posts

To take such a large position buying at that level implies that they have confidence in the direction and I would think would act to re-inforce it. I don't see this correcting more than the 38% Fib of the current move if that is the case so I will be keeping a trailing stop on any near-term shorts (if they come).

.