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Cable Update (GBPUSD)

  • #106,621
  • Dec 15, 2008 5:43am Dec 15, 2008 5:43am
GBP is crying for mercy, have a look at the EUR/GBP, if you dont belive
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 21 KB
  • #106,622
  • Dec 15, 2008 5:49am Dec 15, 2008 5:49am
Quoting micho
hey i was at lunch also i dont like to trade these conditions very choppy... when will the bailout news come out?
The announcement is expected around 2:15 p.m. on Tuesday at the end of a two-day meeting. The gathering had initially been scheduled for a single day, but was extended so policy-makers could study options for unusual steps to spur the economy with little room left to lower borrowing costs.

What i would really like to know is
- Do they ever order take away at the FED or do they have a cook in house to feed them ? And what about the ECB ? BoJ ? BoE? Etc ...
  • #106,623
  • Dec 15, 2008 6:18am Dec 15, 2008 6:18am
bang on the hourly trendline now.....i have small long here,
Trading is 80% Emotional, 20% Technical
  • #106,624
  • Dec 15, 2008 6:23am Dec 15, 2008 6:23am
will cut and reverse on 1hour close below it...
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 70 KB
Trading is 80% Emotional, 20% Technical
  • #106,625
  • Dec 15, 2008 6:29am Dec 15, 2008 6:29am
Scalp long 1.4926 ! Locked in + 10 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #106,626
  • Dec 15, 2008 6:47am Dec 15, 2008 6:47am
Quoting arthurb
GBP is crying for mercy, have a look at the EUR/GBP, if you dont belive
well the GBPJPY looks also bearish!! so expect the worse from GBP today!! but the charts of the GBPUSD are confusing, no direction
When life gives you lemons, make lemonade
  • #106,627
  • Dec 15, 2008 6:48am Dec 15, 2008 6:48am
Quoting siewhf
The announcement is expected around 2:15 p.m. on Tuesday at the end of a two-day meeting. The gathering had initially been scheduled for a single day, but was extended so policy-makers could study options for unusual steps to spur the economy with little room left to lower borrowing costs.

What i would really like to know is
- Do they ever order take away at the FED or do they have a cook in house to feed them ? And what about the ECB ? BoJ ? BoE? Etc ...
lol
When life gives you lemons, make lemonade
  • #106,628
  • Dec 15, 2008 6:49am Dec 15, 2008 6:49am
eur/usd looks like its breaking 3500
  • #106,629
  • Dec 15, 2008 6:51am Dec 15, 2008 6:51am
Quoting fx local
bang on the hourly trendline now.....i have small long here,
im out for 100pips, looking for next trade..... strong bounce from trendline
Trading is 80% Emotional, 20% Technical
  • #106,630
  • Dec 15, 2008 6:53am Dec 15, 2008 6:53am
im starting to think that we have 2 options... either oscillate until the oscillators turn a bit bullish and then go up or just go down as usual
When life gives you lemons, make lemonade
  • #106,631
  • Dec 15, 2008 6:55am Dec 15, 2008 6:55am
Quoting fx local
im out for 100pips, looking for next trade..... strong bounce from trendline
Nice trade, im holding long for a little longer though hopefully 5100
  • #106,632
  • Dec 15, 2008 6:56am Dec 15, 2008 6:56am
Quoting Infinity
Nice avatar!
Thanks bro!

I'm back home and getting things together to head to the office shortly. I'm leaning bullish for the day, but of course, I'll trade what ever is presented. I took a nice short last night for a few pips.

I'll be back online once I get to the office.!
Just digging in the trenches like everyone else!
  • #106,633
  • Dec 15, 2008 6:57am Dec 15, 2008 6:57am
Quoting micho
im starting to think that we have 2 options... either oscillate until the oscillators turn a bit bullish and then go up or just go down as usual
now that is confusing bro!!
Trading is 80% Emotional, 20% Technical
  • #106,634
  • Dec 15, 2008 6:57am Dec 15, 2008 6:57am
Quoting manize
Scalp long 1.4926 ! Locked in + 10 pips !
Closed + 100 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #106,635
  • Dec 15, 2008 6:59am Dec 15, 2008 6:59am
Quoting PipLand
Nice trade, im holding long for a little longer though hopefully 5100
prob will get there, thin markets at mo so expect quick moves either way...
Trading is 80% Emotional, 20% Technical
  • #106,636
  • Dec 15, 2008 7:01am Dec 15, 2008 7:01am
Quoting micho
well the GBPJPY looks also bearish!! so expect the worse from GBP today!! but the charts of the GBPUSD are confusing, no direction
MicO...
Took that baby to the depths of Hell,
w/my "Long Trade"... London must have been listening
to us about... "Go LONG"...

Got partially closed out on my previous 20 pip profit... (lovely!),
Hung on to the Horse, all the way back up on the...
"Retrace", where she'll go i could care less!
MADE 20 Additional pips profit, getting out of a "Rotten" Trade!
Not the way you want to trade!
But "Done baby, Done!" Positive Pippage!

Jeff!
I will work to Objectively Identify my Edges
  • #106,637
  • Dec 15, 2008 7:02am Dec 15, 2008 7:02am
Quoting PipLand
Nice trade, im holding long for a little longer though hopefully 5100
price stalled so went out oh well
  • #106,638
  • Dec 15, 2008 7:02am Dec 15, 2008 7:02am
Quoting manize
Closed + 100 pips !
Aint it nice to dip in for a wade in the water and then end up take a nice refreshing swim!
  • #106,639
  • Dec 15, 2008 7:04am Dec 15, 2008 7:04am
Quoting PipLand
price stalled so went out oh well
wouldnt wory too much there plenty of opportunity to get back in, again this is thin market so moves will be quicker....
Trading is 80% Emotional, 20% Technical
  • #106,640
  • Dec 15, 2008 7:07am Dec 15, 2008 7:07am
Quoting fx local
now that is confusing bro!!
i agree... thats why im not trading cable now
When life gives you lemons, make lemonade
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