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Cable Update (GBPUSD)

  • #108,781
  • Dec 30, 2008 9:45am Dec 30, 2008 9:45am
i am new in this forum and i do enjoy the manner at which the members treat issues here..to your prediction,are you saying we can go short at 1.4580..what if it did not get to that point?

treat as urgent
  • #108,782
  • Dec 30, 2008 9:54am Dec 30, 2008 9:54am
Quoting alfamichi
i am new in this forum and i do enjoy the manner at which the members treat issues here..to your prediction,are you saying we can go short at 1.4580..what if it did not get to that point?

treat as urgent
Welcome to FF,
i'm not saying to go long or short from there i'm saying 1.4580 is a key, break it up will open for long or short it it's not break.
trade what you see....
  • #108,783
  • Dec 30, 2008 10:17am Dec 30, 2008 10:17am
short @1.4430
  • #108,784
  • Dec 30, 2008 10:32am Dec 30, 2008 10:32am
Quoting Abuawad
Welcome to FF,
i'm not saying to go long or short from there i'm saying 1.4580 is a key, break it up will open for long or short it it's not break.
trade what you see....
when do you decide if it is a break or not?
  • #108,785
  • Dec 30, 2008 10:35am Dec 30, 2008 10:35am
Quoting nAVIN2007
i had to take 2k out of my account as im moving and need the cash so now im only got 1k left....look like im on demo for a long time...

the more i trade the more i start to see price action has a definate pattern..
It has, until the time it doesn't have any more, then we need our s/l or a small position

So it's just statistics and maths (not math). As long as it follows patterns for enough times , and so long as the s/l is exactly the right size, and as long as predicatable volatility around news is avoided, etc etc then we can make money

It will never be easy and is more like farming than clay pigeon shooting
  • #108,786
  • Dec 30, 2008 11:03am Dec 30, 2008 11:03am
Quoting allserene
It has, until the time it doesn't have any more, then we need our s/l or a small position

So it's just statistics and maths (not math). As long as it follows patterns for enough times , and so long as the s/l is exactly the right size, and as long as predicatable volatility around news is avoided, etc etc then we can make money

It will never be easy and is more like farming than clay pigeon shooting
yes its all about giving it time to do its thing...mostly hours in my case..cable gonna sink unless end on the month....we start flying because of oil
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  • #108,787
  • Dec 30, 2008 11:29am Dec 30, 2008 11:29am
Quoting nAVIN2007
yes its all about giving it time to do its thing...mostly hours in my case..cable gonna sink unless end on the month....we start flying because of oil
yes i trade euro/usd a lot

just now on the hourly, the trend is up but there is a lot of volatility and its sat slap bang in the middle of its recent range

It looks a really bad place to enter - but i like the volatility so i will short it for a scalp if it goes to the top, and long it if it falls back

so i am waiting.....

Got stacks of BP shares - they are paying me 7.41% dividend to wait for the oil price to go up....what nice people

Its a waiting game on shares and forex
  • #108,788
  • Dec 30, 2008 11:33am Dec 30, 2008 11:33am
hi
today was choppy ... i think now short or long not good

i think ... breaking 1.4362 is good to short otherwise 1.4362 not break good to long
  • #108,789
  • Dec 30, 2008 11:37am Dec 30, 2008 11:37am
Quoting deboooo2005
hi
today was choppy ... i think now short or long not good

i think ... breaking 1.4362 is good to short otherwise 1.4362 not break good to long
yap i agree with u.
GELORE
  • #108,790
  • Dec 30, 2008 11:58am Dec 30, 2008 11:58am
Quoting musani
yap i agree with u.
i think it all depnds on the time frame u looking at..i see 400 pips more to go down...1.40
  • #108,791
  • Dec 30, 2008 12:03pm Dec 30, 2008 12:03pm
Quoting allserene
It has, until the time it doesn't have any more, then we need our s/l or a small position

So it's just statistics and maths (not math). As long as it follows patterns for enough times , and so long as the s/l is exactly the right size, and as long as predicatable volatility around news is avoided, etc etc then we can make money

It will never be easy and is more like farming than clay pigeon shooting
yes...im trying to get my mind in a place where i enter the trade and place stop loss and target and couldnt care what it does..but hopefully it goes to my target more times than my damn stop......

i dont want to be placing on break even cause i find price consistantely goes back and forth 50 times b4 it goes to wherever u want it too...but that again could just be me
  • #108,792
  • Dec 30, 2008 12:16pm Dec 30, 2008 12:16pm
Quoting nAVIN2007
i think it all depnds on the time frame u looking at..i see 400 pips more to go down...1.40
I see 1.37, not in a straight line or course, but that will complete the retracement.
Just digging in the trenches like everyone else!
  • #108,793
  • Dec 30, 2008 12:27pm Dec 30, 2008 12:27pm
Quoting eohater
I see 1.37, not in a straight line or course, but that will complete the retracement.
just right now im looking for a new dailly low then i will feel comfortable since i think we are at a support currently and if this area can hold as resistance..might have a shot!
  • #108,794
  • Dec 30, 2008 12:48pm Dec 30, 2008 12:48pm
Quoting nAVIN2007
just right now im looking for a new dailly low then i will feel comfortable since i think we are at a support currently and if this area can hold as resistance..might have a shot!
That's exactly right! We could be going back up before we make the final leg of the retracement. Do you still have your short open or have you TP? I'm currently flat. Might stay that way for the rest of the day.
Just digging in the trenches like everyone else!
  • #108,795
  • Dec 30, 2008 12:50pm Dec 30, 2008 12:50pm
Quoting nAVIN2007
just right now im looking for a new dailly low then i will feel comfortable since i think we are at a support currently and if this area can hold as resistance..might have a shot!
just watch eurgbp on a chart, it is just itching to break 0.98... if and when this goes, the downside risks for cable could be immense.
  • #108,796
  • Dec 30, 2008 1:04pm Dec 30, 2008 1:04pm
1.4615
USD Est Non Mortuus
  • #108,797
  • Dec 30, 2008 1:05pm Dec 30, 2008 1:05pm
Quoting LuckyLurker
1.4615
I have pending shorts at 1.46
Just digging in the trenches like everyone else!
  • #108,798
  • Dec 30, 2008 1:27pm Dec 30, 2008 1:27pm
Quoting gammase1
just watch eurgbp on a chart, it is just itching to break 0.98... if and when this goes, the downside risks for cable could be immense.
glum faces in Tenerife - all the Brit tourists can't afford anything with effective euro parity (parroty) - in fact lots of em have stayed at home

yes forex loves 'records' so i reckon it will be 1:1 v soon

i will long euro/gbp at the right time
  • #108,799
  • Dec 30, 2008 1:33pm Dec 30, 2008 1:33pm
A high to low range of 161 pips for the day. I'll be glad when these holidays are over and the traders show up. I miss 'em!
Hi, my name is Barry and you can keep your doctor...
  • #108,800
  • Dec 30, 2008 1:37pm Dec 30, 2008 1:37pm
If you look at the H1 charts there's a H&S formation. We've broken the neckline, but now we've retraced back up to test the neckline area again. I don't think I'll take a chance of shorting this late in the day knowing that she's likely to retrace even more during the Asian session.
Hi, my name is Barry and you can keep your doctor...
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