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Cable Update (GBPUSD)

  • #109,401
  • Jan 6, 2009 12:02pm Jan 6, 2009 12:02pm
Quoting fx local
sterling strength against a basket of currencies, notably against the euro

OK
and now look at your 4h and say - oh yeah... i known this yesterday
  • #109,402
  • Jan 6, 2009 12:05pm Jan 6, 2009 12:05pm
yeah i got shafted on the last entry at .4852 whoever said "they wouldve got bit" going short. yup feeling the bite....dang it!!
  • #109,403
  • Jan 6, 2009 12:07pm Jan 6, 2009 12:07pm
yes its unstoppable - i got stopped out of my hoped for retrace..

ok - the uk has come out of its economic problems and we are off back to 2.14 ? or even 2.50 this time ? nice smooth uptrend all the way with few blips ?

No way Pedro as they say in Peckham - I reckon it's all because it was oversold and the US stock market has gained some fizz

Its all too volatile to last I reckon....
  • #109,404
  • Jan 6, 2009 12:12pm Jan 6, 2009 12:12pm
Hi Guys,

Talk about crazy stuff today.

I am beginning to enjoy trading now.

Sometimes it means stepping back and seeing the bigger picture.
I need to finish something i started
  • #109,405
  • Jan 6, 2009 12:13pm Jan 6, 2009 12:13pm
Quoting allserene
yes its unstoppable - i got stopped out of my hoped for retrace..

ok - the uk has come out of its economic problems and we are off back to 2.14 ? or even 2.50 this time ? nice smooth uptrend all the way with few blips ?

No way Pedro as they say in Peckham - I reckon it's all because it was oversold and the US stock market has gained some fizz

Its all too volatile to last I reckon....
at least i timed the demo good..saved myself £50 that i can use toward the house...
  • #109,406
  • Jan 6, 2009 12:14pm Jan 6, 2009 12:14pm
Quoting waaustin
WHAT THE F**K IS GOING ON WITH THE GBP!!!!! This is Freaking Crazy!!!! This has gotta stop sometime soon!!!!
It looks like they discovered cable cures cancer, aids and hair loss.
  • #109,407
  • Jan 6, 2009 12:15pm Jan 6, 2009 12:15pm
Quoting Infinity
I heard the same thing yesterday about shorts and yet a made over 300 pips on short trades. I made more to the long side yes but it can be traded both ways...

Not today, it can't.......only one way to trade this baby today....
  • #109,408
  • Jan 6, 2009 12:16pm Jan 6, 2009 12:16pm
yes honey like that
  • #109,409
  • Jan 6, 2009 12:20pm Jan 6, 2009 12:20pm
Quoting AmeriTrini
Not today, it can't.......only one way to trade this baby today....


lol

Shorts are coming into play. Im not short yet but have my eyes on shorts above redline
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  • #109,410
  • Jan 6, 2009 12:22pm Jan 6, 2009 12:22pm
hope ffor at least 1.4850 (guess where my average short is )

hope and pray is my strategy for today
  • #109,411
  • Jan 6, 2009 12:24pm Jan 6, 2009 12:24pm
Quoting steelhead
lol

Shorts are coming into play. Im not short yet but have my eyes on shorts above redline
In agreement, its coming back down to go up again.
  • #109,412
  • Jan 6, 2009 12:24pm Jan 6, 2009 12:24pm
Quoting rojo
It looks like they discovered cable cures cancer, aids and hair loss.
Manage your risk accordingly and you're half done your home work.
  • #109,413
  • Jan 6, 2009 12:26pm Jan 6, 2009 12:26pm
Quoting AmeriTrini
Not today, it can't.......only one way to trade this baby today....
I got a lot of pips long today and should have had more but that's how it is...

I expect to see at least 4750 between now and the asian session..... though I may be wrong...... The bullishness was always there in the day close from yesterday but I did not expect it to get this high..... not today anyway..

We just touched the weekly 10sma..... let's see what happens from now 'til the end of the week.....
Patience + Discipline - Greed = Success
  • #109,414
  • Jan 6, 2009 12:29pm Jan 6, 2009 12:29pm
trndlne on daily chart
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Trading is 80% Emotional, 20% Technical
  • #109,415
  • Jan 6, 2009 12:32pm Jan 6, 2009 12:32pm
hi guys
i see the possible formation of the right shoulder of a beautiful h&s on 4h. the neckline goes through the highs on 25/11 27/11 and the one made today.what do you think ?
edit not neckline, i meant the line which delimits the shoulders
The worst thing I can be is the same as everybody else. I hate that.
  • #109,416
  • Jan 6, 2009 12:33pm Jan 6, 2009 12:33pm
Quoting steelhead
lol

Shorts are coming into play. Im not short yet but have my eyes on shorts above redline
Weel Steelhead...Are your projections for Shorts above 1.50 realistic..given that we need to be well above 1.5 do this...

I'm looking at all indicators...showing over bought. Idont think its got any steam up..It does have concerns for thursday..so..we are going to see alot of profit takers right now..and its going to drop..I give it max of 0.38%

The rest will drop tomorrow and thursday...law of physics
cant get something for nothing
  • #109,417
  • Jan 6, 2009 12:38pm Jan 6, 2009 12:38pm
Quoting rojo
It looks like they discovered cable cures cancer, aids and hair loss.
Dont forget world hunger.
  • #109,418
  • Jan 6, 2009 12:39pm Jan 6, 2009 12:39pm
Anyone that short now is on for a surprise.
Just my gut feelings
  • #109,419
  • Jan 6, 2009 12:40pm Jan 6, 2009 12:40pm
Quoting Infinity
I got a lot of pips long today and should have had more but that's how it is...

I expect to see at least 4750 between now and the asian session..... though I may be wrong...... The bullishness was always there in the day close from yesterday but I did not expect it to get this high..... not today anyway..

We just touched the weekly 10sma..... let's see what happens from now 'til the end of the week.....
Agreed.The asian session usually brings a retrace.But will it this time?
  • #109,420
  • Jan 6, 2009 12:40pm Jan 6, 2009 12:40pm
Quoting Infinity
I got a lot of pips long today and should have had more but that's how it is...

I expect to see at least 4750 between now and the asian session..... though I may be wrong...... The bullishness was always there in the day close from yesterday but I did not expect it to get this high..... not today anyway..

We just touched the weekly 10sma..... let's see what happens from now 'til the end of the week.....

This is true, I did not expect it to go this high....I got my pippage though!!
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