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Cable Update (GBPUSD)

  • #102,341
  • Nov 28, 2008 2:17pm Nov 28, 2008 2:17pm
I am tired and out on +123 pips today ! I am happy, 7 trades both of short and long all closed on green pips ! My system is running well ! Bye all, happy week end !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #102,342
  • Nov 28, 2008 2:31pm Nov 28, 2008 2:31pm
Quoting Infinity
Why do you guys think it will gap up? Predicting gaps are eenie meenie miney moe kinda thing...
believe me the minute a get a signal to short im on it!...i do agree to a point that if this high get taken out i see 1.61 aa area to watch and thats miles away....

dollar index also made a recovery and now isnt looking so bearish so its impossible to try and forecast without knowing where we open on sunday...up or down, i dont care....but prefer up since i live in UK :d

TIME WILL TELL...
  • #102,343
  • Nov 28, 2008 2:31pm Nov 28, 2008 2:31pm
Quoting Infinity
Why do you guys think it will gap up? Predicting gaps are eenie meenie miney moe kinda thing...
AMEN to that brother!

I didn't get a chance to trade the US Session today, but there were some great opportunities.

Hope you have an excellent weekend!
Just digging in the trenches like everyone else!
  • #102,344
  • Nov 28, 2008 2:33pm Nov 28, 2008 2:33pm
Quoting malcolmb14
I know i do not post often here

the volume in the fx market last fews days has been very low

pros can only sell into strength or buy into weakness, my take is that even if there is a gap up it will be quickly filled. I believe that both gu and gj were destined to close on their highs. The pros want to push both pairs higher to sell them at bargain price for next leg down , that may start mid week next from what i am seeing in the indexes right now.

If the GU rallies from here I will be very surprised. If we were closing on the lows then I...

great points...
im just going on the wedge and seeing it as a continuation pattern...
  • #102,345
  • Nov 28, 2008 2:33pm Nov 28, 2008 2:33pm
Quoting MoForce
I'm back for a quick glance and see that I'm in the red and it G/U didn't end up anywhere = / I should've closed and now I'm stuck with it until G/U crashes below 1.5280 (if it does )
I don't know where you sold it at, but if it's near 5280, you sold the bottom. Go back on your charts this weekend and figure out what you did wrong. Good luck!
Just digging in the trenches like everyone else!
  • #102,346
  • Nov 28, 2008 2:34pm Nov 28, 2008 2:34pm
Quoting nAVIN2007
this week made 200 pips..am happy!
Excellent job bro! Keep up the hard work and you'll be flying in no time.
Just digging in the trenches like everyone else!
  • #102,347
  • Nov 28, 2008 2:36pm Nov 28, 2008 2:36pm
Quoting manize
I am tired and out on +123 pips today ! I am happy, 7 trades both of short and long all closed on green pips ! My system is running well ! Bye all, happy week end !
Good job playing her for what she was worth. We were both sclaping her from the Asian in to the London session. We'll do the same next week!
Just digging in the trenches like everyone else!
  • #102,348
  • Nov 28, 2008 2:43pm Nov 28, 2008 2:43pm
Quoting eohater
AMEN to that brother!

I didn't get a chance to trade the US Session today, but there were some great opportunities.

Hope you have an excellent weekend!
Hey bro!! There were definitely great opportunities the US session. I had a great day scalping the chick...
I wish for you a great weekend too my friend...
Patience + Discipline - Greed = Success
  • #102,349
  • Nov 28, 2008 2:49pm Nov 28, 2008 2:49pm
Quoting Infinity
Hey bro!! There were definitely great opportunities the US session. I had a great day scalping the chick...
I wish for you a great weekend too my friend...
was US open today for trading cause i was under the impression it wasnt...i never even try look at the chart for a setup but was ranging like crazy today...

i will look over the weekend to see how it interacted with yur favorite moving averages.....have a good weekend every1!

party time
  • #102,350
  • Nov 28, 2008 2:49pm Nov 28, 2008 2:49pm
Quoting eohater
Excellent job bro! Keep up the hard work and you'll be flying in no time.
thx bro
  • #102,351
  • Nov 28, 2008 2:50pm Nov 28, 2008 2:50pm
Quoting nAVIN2007
was US open today for trading cause i was under the impression it wasnt...i never even try look at the chart for a setup but was ranging like crazy today...

i will look over the weekend to see how it interacted with yur favorite moving averages.....have a good weekend every1!

party time
The DOW was open until 1:00pm NY Time. I'm not sure about the bond market,
Just digging in the trenches like everyone else!
  • #102,352
  • Nov 28, 2008 2:52pm Nov 28, 2008 2:52pm
Quoting nAVIN2007
was US open today for trading cause i was under the impression it wasnt...i never even try look at the chart for a setup but was ranging like crazy today...

i will look over the weekend to see how it interacted with yur favorite moving averages.....have a good weekend every1!

party time
Have a great weekend bro!
Patience + Discipline - Greed = Success
  • #102,353
  • Nov 28, 2008 3:09pm Nov 28, 2008 3:09pm
I am going to post this day chart one more time... I am bearish until we get a day close above this line...


I wish for everyone an enjoyable weekend... Spend your hard earned pips wisely....

Ok... party time...
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 23 KB
Attached Image
Patience + Discipline - Greed = Success
  • #102,354
  • Nov 28, 2008 3:20pm Nov 28, 2008 3:20pm
G/U is ready for a hard fall next week

maybe it's not so bad that I've still got my -100 shorts still
  • #102,355
  • Nov 28, 2008 3:25pm Nov 28, 2008 3:25pm
The rates are going to be cut, so what can make the next week bullish.
  • #102,356
  • Nov 28, 2008 3:26pm Nov 28, 2008 3:26pm
This sideways movement is what gets me excited.
This is when the best set ups present themselves.
Now it's all about being patient and waiting for a good signal.
Just Trade It
  • #102,357
  • Nov 28, 2008 4:02pm Nov 28, 2008 4:02pm
Quoting vorschlag
The rates are going to be cut, so what can make the next week bullish.

rate cut is built in

we have to look to US stock market weakness for USD to get a little stronger as money is moved into bonds.

The DX ( usd index) knocking on 88's door once more
Blogging daily now at www.volume.zone
  • #102,358
  • Nov 28, 2008 4:03pm Nov 28, 2008 4:03pm
what scenario do you guys see for the coming week?
  • #102,359
  • Nov 28, 2008 4:25pm Nov 28, 2008 4:25pm
Quoting vorschlag
what scenario do you guys see for the coming week?
Up, down or sideways.
Just Trade It
  • #102,360
  • Nov 28, 2008 4:36pm Nov 28, 2008 4:36pm
Quoting Big Wave Rider
Up, down or sideways.
I see, no preferable scenario. uncertainty.
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