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Cable Update (GBPUSD)

  • #105,401
  • Dec 9, 2008 6:33am Dec 9, 2008 6:33am
Quoting LuckyLurker
the freaky thing about this down pressure on pound is equities and crude are up.. yet $ remains stronger.
see how will this efect on the mkt...

11:00am USD http://www.forexfactory.com/images/m...mpact_high.gif Pending Home Sales m/m
http://www.forexfactory.com/images/m...dar_detail.gif
-3.2% -4.6%


Sonic
  • #105,402
  • Dec 9, 2008 6:35am Dec 9, 2008 6:35am
closed with 20 pips...

wasted time. wait for 1 hour 30 minutes from now.
  • #105,403
  • Dec 9, 2008 6:38am Dec 9, 2008 6:38am
Quoting sonicdeejay
see how will this efect on the mkt...

11:00am USD http://www.forexfactory.com/images/m...mpact_high.gif Pending Home Sales m/m
http://www.forexfactory.com/images/m...dar_detail.gif
-3.2% -4.6%


Sonic
No effect i think.
News dont carry much effect lately unless the result is way way out of forecast
  • #105,404
  • Dec 9, 2008 6:44am Dec 9, 2008 6:44am
Quoting gagakrimba
No effect i think.
News dont carry much effect lately unless the result is way way out of forecast
it will effect, if the data is out from mkt expectations...see how worse it is .. or good it is...

Anyway..staying out...

Sonic
  • #105,405
  • Dec 9, 2008 6:57am Dec 9, 2008 6:57am
Quoting sonicdeejay
nice xplaination buddy,,,all t best..am staying out for now...
had a trade for today in EJ abt 5 hrs earlier...


Sonic
wasnt happy with market movement so I close trade for +15 pips
  • #105,406
  • Dec 9, 2008 6:58am Dec 9, 2008 6:58am
Hi guys.I went long.My 4 hr gan is at 4765 and on daily i see new bulish divergance so...If we close 4 hr candle below gann then might go short

For now went long just a little below 4 hr gann.That is small risk place for me.

targetin 4800 pivot line for now.

Will see

see ya
  • #105,407
  • Dec 9, 2008 7:09am Dec 9, 2008 7:09am
Quoting Shermenator
so far no trades for me tonight...currently have 2 orders in the market but seems to be a day I might simply have no trades...
me too.... wise trader wont get involved today. scary man...
  • #105,408
  • Dec 9, 2008 7:13am Dec 9, 2008 7:13am
As of now, the downward sloping 5-min modified Schiff Fork is still containing price actions; the bears are still in control. Still have some shorts from 1.4825. I see no reasons whatsoever at this juncture for any longs or closing of my shorts at the moment. Have a good one

J.
~*~You are only one trade away from humility~*~
  • #105,409
  • Dec 9, 2008 7:15am Dec 9, 2008 7:15am
Quoting "expert"
Hi guys.I went long.My 4 hr gan is at 4765 and on daily i see new bulish divergance so...If we close 4 hr candle below gann then might go short

For now went long just a little below 4 hr gann.That is small risk place for me.

targetin 4800 pivot line for now.

Will see

see ya
hi all.

I just took relatively small long from 1.4754 reason being price goes down but not in any irratic way which doesnt really tell me that we are very bearish just yet. Also this area as steelhead pointed out yesterday was resistance level now turned support and thats where we rallied from yesterday this of course could all account to nothing if bears step up a gear hence the stop at 1.4731.
  • #105,410
  • Dec 9, 2008 7:18am Dec 9, 2008 7:18am
I have removed my buy stop from the gbpusd...the market would be widening if it manages to get to my buy stop...so I have now removed my order.
  • #105,411
  • Dec 9, 2008 7:21am Dec 9, 2008 7:21am
GU seems to head down to 1.45 again...
Give me patience
  • #105,412
  • Dec 9, 2008 7:22am Dec 9, 2008 7:22am
Seems like I will pull the trigger from the daily chart since the markets are changing ....
  • #105,413
  • Dec 9, 2008 7:24am Dec 9, 2008 7:24am
Quoting lexazver
hi all.

I just took relatively small long from 1.4754 reason being price goes down but not in any irratic way which doesnt really tell me that we are very bearish just yet. Also this area as steelhead pointed out yesterday was resistance level now turned support and thats where we rallied from yesterday this of course could all account to nothing if bears step up a gear hence the stop at 1.4731.
well that didnt work out
  • #105,414
  • Dec 9, 2008 7:27am Dec 9, 2008 7:27am
Quoting jharteam
As of now, the downward sloping 5-min modified Schiff Fork is still containing price actions; the bears are still in control. Still have some shorts from 1.4825. I see no reasons whatsoever at this juncture for any longs or closing of my shorts at the moment. Have a good one

J.
My immediate downside target is -1.4666+ at the Schiff's Median Line. Stop Profit 1.4760
~*~You are only one trade away from humility~*~
  • #105,415
  • Dec 9, 2008 7:30am Dec 9, 2008 7:30am
I have a sell stop at 4688....Daily trade ...

I Have a large stop...meaning I go lighter but still loose 3 percent...

seeking for a retest of 1.4549 area

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 22 KB
  • #105,416
  • Dec 9, 2008 7:33am Dec 9, 2008 7:33am
Originally Posted by jharteam http://www.forexfactory.com/images/buttons/viewpost.gif
As of now, the downward sloping 5-min modified Schiff Fork is still containing price actions; the bears are still in control. Still have some shorts from 1.4825. I see no reasons whatsoever at this juncture for any longs or closing of my shorts at the moment. Have a good one



Quoting jharteam
My immediate downside target is -1.4666+ at the Schiff's Median Line. Stop Profit 1.4760

Profit stop moved: 1.4740
~*~You are only one trade away from humility~*~
  • #105,417
  • Dec 9, 2008 7:36am Dec 9, 2008 7:36am
yeeessss, that's my daily target hit, short from 4835, but seems to be a southerly wind today so i'm hanging on for two more good trades, definitely sticky at around 4750.
  • #105,418
  • Dec 9, 2008 7:38am Dec 9, 2008 7:38am
Quoting "expert"
Hi guys.I went long.My 4 hr gan is at 4765 and on daily i see new bulish divergance so...If we close 4 hr candle below gann then might go short

For now went long just a little below 4 hr gann.That is small risk place for me.

targetin 4800 pivot line for now.

Will see

see ya
Sorry bro....
Your bullish divergance has become bearish divergance
  • #105,419
  • Dec 9, 2008 7:42am Dec 9, 2008 7:42am
well looks like my 4 hr gann is broken.Soon so..

waiting some retrace and then short.if no retrace on opening 4 hr short imidetly.

Cant wait to see How will US stock market open
  • #105,420
  • Dec 9, 2008 7:44am Dec 9, 2008 7:44am
Quoting Shermenator
I have a sell stop at 4688....Daily trade ...

I Have a large stop...meaning I go lighter but still loose 3 percent...

seeking for a retest of 1.4549 area

Attachment
looks like you got filled, how big is that stop?
USD Est Non Mortuus
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