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Cable Update (GBPUSD)

  • #99,641
  • Nov 19, 2008 9:25am Nov 19, 2008 9:25am
Now that changes perspective doesn't it.... But it does imply a short is due...
Quoting Infinity
:nerd:
Ride the Bulls bearback!
  • #99,642
  • Nov 19, 2008 9:25am Nov 19, 2008 9:25am
Quoting PipLand
If there intent on buying there gonna be doing it all day long
atleast until a little while after the FOMC minutes, which is going to have a dovish impact on the $.......IMHO

crude is due for a decent rally, expect the inventory to come in -ve
  • #99,643
  • Nov 19, 2008 9:26am Nov 19, 2008 9:26am
Quoting AmeriTrini
atleast until a little while after the FOMC minutes, which is going to have a dovish impact on the $.......IMHO
I think that is what is being priced in right now..
Patience + Discipline - Greed = Success
  • #99,644
  • Nov 19, 2008 9:26am Nov 19, 2008 9:26am
Quoting alcando
Now that changes perspective doesn't it.... But it does imply a short is due...
PA is STRONGER than any TL

  • #99,645
  • Nov 19, 2008 9:28am Nov 19, 2008 9:28am
Quoting Infinity
I think that is what is being priced in right now..
I don't think so, it was the CPI......they have more than enough room to cut again. The minutes will just send it lower.
  • #99,646
  • Nov 19, 2008 9:30am Nov 19, 2008 9:30am
Quoting AmeriTrini
lol...you are funny...don't fight with the charts, you will lose. Just follow it.
i agree that 1.5500 looks likely perhaps not today then coming days, i would really fancy a "sell into rally" trade from that level for a move to 1.45 then 1.36?! Should 1.55 open up then u have to look at cable making a more stronger recovery...
Trading is 80% Emotional, 20% Technical
  • #99,647
  • Nov 19, 2008 9:31am Nov 19, 2008 9:31am
Quoting Infinity
:nerd:
nice stuff, that channel was bang on the money infin
Trading is 80% Emotional, 20% Technical
  • #99,648
  • Nov 19, 2008 9:33am Nov 19, 2008 9:33am
Its Starts Now...maybe We Will See 1.3000 In The Next 5 Min:d
what you get in the wind goes through the storms
  • #99,649
  • Nov 19, 2008 9:39am Nov 19, 2008 9:39am
here it goes
a little bit more
  • #99,650
  • Nov 19, 2008 9:42am Nov 19, 2008 9:42am
Quoting AmeriTrini
I don't think so, it was the CPI......they have more than enough room to cut again. The minutes will just send it lower.
Don't forget retail sales coming up for uk too....
I would love to see 1.55 to short the hell out of it but we have to get past 5280 area... if we do that I may go long with you to that 1.55 and then short to 1.37 area...
Patience + Discipline - Greed = Success
  • #99,651
  • Nov 19, 2008 9:43am Nov 19, 2008 9:43am
Quoting fx local
i agree that 1.5500 looks likely perhaps not today then coming days, i would really fancy a "sell into rally" trade from that level for a move to 1.45 then 1.36?! Should 1.55 open up then u have to look at cable making a more stronger recovery...

Yeah I would have to agree with that, around the 5500 level in few days and there is also a major trend line around there so will be a good place to sell if thats how it pans out
  • #99,652
  • Nov 19, 2008 9:44am Nov 19, 2008 9:44am
take a good look to these closed position for one of my friends, he follow my chart for today... i'm start asking my self now why i'm out
Attached Image (click to enlarge)
Click to Enlarge Name: MyFriendCA.jpg Size: 36 KB
  • #99,653
  • Nov 19, 2008 9:45am Nov 19, 2008 9:45am
Quoting picky2004
waiting for 1.51 to get in then all the way up
Long @ 1.5135.
Let's see if it can break 1.5500
  • #99,654
  • Nov 19, 2008 9:47am Nov 19, 2008 9:47am
closed short to 15 m 12 ema.i am out for today most likely.

will watch market just in case.

My experience from today.Was short didn't go.closed with 30 pips SL.Seconf shord closed with 15pips SL.went long and take 70 and and then short and take 65.So nuch better when playing with small SL and ajust position,then stay in trade for long time.Now i willl still praying that price go down.This way i am positive already.This day was something new for all traders i think.See ya later
  • #99,655
  • Nov 19, 2008 9:48am Nov 19, 2008 9:48am
Quoting Turtle
Nice chart...

HOLLA
Quoting fx local
nice stuff, that channel was bang on the money infin
Thanks guys... I closed out shorts from 5215 and 5247 at 5166 (4h 50ema).
If we close above that h4 50ema in the next 15 minutes, I think we could retest the highs and possibly break upwards some more IMO...
Patience + Discipline - Greed = Success
  • #99,656
  • Nov 19, 2008 9:48am Nov 19, 2008 9:48am
Quoting gagakrimba
Long @ 1.5135.
Let's see if it can break 1.5500
My hat's off to you gagakrimba... remember last night's discussion..
  • #99,657
  • Nov 19, 2008 9:49am Nov 19, 2008 9:49am
Quoting Infinity
Don't forget retail sales coming up for uk too....
I would love to see 1.55 to short the hell out of it but we have to get past 5280 area... if we do that I may go long with you to that 1.55 and then short to 1.37 area...

im with u on that brother
  • #99,658
  • Nov 19, 2008 9:52am Nov 19, 2008 9:52am
Also I Learned Today...make A Sell Don`t Sl, Then Get 50 Pips Don`t Close, Add Another Sell At The Same Place, Get 130 $, Don`t Close Add Some Greed Then You Will Get A Fu..place And Loose 1000$....
Nice Trade
what you get in the wind goes through the storms
  • #99,659
  • Nov 19, 2008 9:53am Nov 19, 2008 9:53am
Quoting CitiTrade
My hat's off to you gagakrimba... remember last night's discussion..
Yeah....I've closed those posts @ 1.5200
  • #99,660
  • Nov 19, 2008 9:55am Nov 19, 2008 9:55am
Quoting gagakrimba
Yeah....I've closed those posts @ 1.5200
Now i want to see this baby break 1.5500
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