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Cable Update (GBPUSD)

  • #106,041
  • Dec 11, 2008 6:56am Dec 11, 2008 6:56am
arghhhhhhhhhh what the hell wrong is wrong with this cable,started swinging like cable truly and got me whipsawed,well i still got some dough
ANALYSTS ON THE CABLE WHERE ARE YOUUUUUUUUUUUUUUUUUU
  • #106,042
  • Dec 11, 2008 6:56am Dec 11, 2008 6:56am
come on cable fly fly
  • #106,043
  • Dec 11, 2008 6:59am Dec 11, 2008 6:59am
Quoting determined
arghhhhhhhhhh what the hell wrong is wrong with this cable,started swinging like cable truly and got me whipsawed,well i still got some dough
ANALYSTS ON THE CABLE WHERE ARE YOUUUUUUUUUUUUUUUUUU
Well cable isnt really playing by the rules at the moment its all over the place, lots of volatility out there.

Im stil long though todays target 1.5043 for me
  • #106,044
  • Dec 11, 2008 6:59am Dec 11, 2008 6:59am
1.4780 is confirmation of change trend. So hold on.
  • #106,045
  • Dec 11, 2008 7:06am Dec 11, 2008 7:06am
hi every body here. had been watching this forum since many days.. You guys are really good. hope i ll learn some thing from you guys..
  • #106,046
  • Dec 11, 2008 7:13am Dec 11, 2008 7:13am
Alright guys as you can see we are stuck between the 50 percent fibb and the 38.2 fibb and we are getting long wicks on both sides...so relax and be a spectator...and remeber only trade when the stakes are high and the market comes to you not the other way around...dont donate pips...

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  • #106,047
  • Dec 11, 2008 7:15am Dec 11, 2008 7:15am
ffs not looking good for long dow tumbling
  • #106,048
  • Dec 11, 2008 7:18am Dec 11, 2008 7:18am
i closed and went short news was too bad for me, will look for a long later on
  • #106,049
  • Dec 11, 2008 7:23am Dec 11, 2008 7:23am
I woke up to see my long stopped out for 2 pips...Euro took off and pound stalled.... I still favour long though... maybe at the h1 62ema... depends on pa... this should have flown high already....
Patience + Discipline - Greed = Success
  • #106,050
  • Dec 11, 2008 7:23am Dec 11, 2008 7:23am
Quoting Bones
Yea im doing good. I haven’t traded much of this huge down move mainly cause of work schedule but also cause ive never seen such force and it was outside my ability.
Now ive seen it I feel wiser, lol
been a confusing week for me, another flat week
When life gives you lemons, make lemonade
  • #106,051
  • Dec 11, 2008 7:24am Dec 11, 2008 7:24am
Quoting PipLand
i closed and went short news was too bad for me, will look for a long later on

Same here.. took profit +200 from longs and went short at 4915 .. SL be
USD Est Non Mortuus
  • #106,052
  • Dec 11, 2008 7:27am Dec 11, 2008 7:27am
Quoting Infinity
I woke up to see my long stopped out for 2 pips...Euro took off and pound stalled.... I still favour long though... maybe at the h1 62ema... depends on pa... this should have flown high already....
yep, this about euro strength, just look at euro sterling chart and u will see why we havent rallied yet.....
Trading is 80% Emotional, 20% Technical
  • #106,053
  • Dec 11, 2008 7:33am Dec 11, 2008 7:33am
Quoting fx local
yep, this about euro strength, just look at euro sterling chart and u will see why we havent rallied yet.....
it is confusing to look and compare currencies in different pairs because when you see an action in a pair, it would be already priced in in the second currency pairs. i can't trade a pair based on other pairs because it is lagging and everything gets priced in for all pairs almost at the same time so you dont get much time to anticipate the moves... :nerd:
When life gives you lemons, make lemonade
  • #106,054
  • Dec 11, 2008 7:34am Dec 11, 2008 7:34am
Quoting fx local
yep, this about euro strength, just look at euro sterling chart and u will see why we havent rallied yet.....
That's right bro! Euro is leading the pack right now...

I went long last night based on the daily tl... It seemed we had broken to the upside (could turn out to be a fakeout).... today's close will be very crucial but I think we are going to see a big rally going into next week... the crucial downside level for me is just around 1.4800.... upside 1.5000...
Attached Image (click to enlarge)
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Patience + Discipline - Greed = Success
  • #106,055
  • Dec 11, 2008 7:38am Dec 11, 2008 7:38am
GBPUSD....

Guys market is ranging again dont be crazy with trading.....relax a bitt

Attached Image (click to enlarge)
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  • #106,056
  • Dec 11, 2008 7:40am Dec 11, 2008 7:40am
Quoting Bones
Absolutely Nav the market is changing all the time isn’t it that’s what makes things difficult for us new guys to learn.
yes...i learned one thing today..gotta use trendlines otherwise its practically impossible to get a tight stop so now im trying to incoroparate this in jimbo's method....price action nowdays is becoming so volatile its crazy!!

if it was hard better god only know what its like now, near impossible to keep cash
  • #106,057
  • Dec 11, 2008 7:40am Dec 11, 2008 7:40am
Also you guys see that buy in my picture ....that buy order is in since yesterday I only have percent 5 of the trade in And I dont care if its gets stop out since I won already with 95 percent ...so by no means think I just got in and get in... thats a daily trade of mine....
  • #106,058
  • Dec 11, 2008 7:44am Dec 11, 2008 7:44am
cable pissing me off today, why am I not trading eur/usd eh?

This better fly now!
  • #106,059
  • Dec 11, 2008 7:47am Dec 11, 2008 7:47am
Quoting PipLand
cable pissing me off today, why am I not trading eur/usd eh?

This better fly now!

Dont persuaded we have been ranging for a couple of hours look at the wicks on boths sides showing great indecesion the market its at parity....the market makers will push it soon to the next set of orders in the market....just be patient and wait for a couple of yard orders to be activated....
  • #106,060
  • Dec 11, 2008 7:52am Dec 11, 2008 7:52am
Quoting Shermenator
Dont persuaded we have been ranging for a couple of hours look at the wicks on boths sides showing great indecesion the market its at parity....the market makers will push it soon to the next set of orders in the market....just be patient and wait for a couple of yard orders to be activated....
your right i'll try to be patient, but if any banks or large brokers are listening, then buy cable now!
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