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Cable Update (GBPUSD)

  • #109,741
  • Jan 7, 2009 7:49am Jan 7, 2009 7:49am
Quoting sonicdeejay
ignorance is another enemy for a trader...

Sonic
well that's depend on your open position
  • #109,742
  • Jan 7, 2009 7:51am Jan 7, 2009 7:51am
Quoting mpurdy1973
yep... 5200 please :-) i really want to short heavy!
Well it moved almost 500 from 1.45xx yesterday...

its only moved 300+ from 1.48xx the last 5 hours...

so... as soon as this resistance at 1.51 is taken out...

May your wish come true!
  • #109,743
  • Jan 7, 2009 7:51am Jan 7, 2009 7:51am
Quoting Abuawad
well that's depend on your open position
sure thing...buddy...
and yea.. Gaza need action,,not words...only...



Sonic
  • #109,744
  • Jan 7, 2009 7:52am Jan 7, 2009 7:52am
Quoting Abuawad
OK it seems to be a resistants now

I love how abuawad is now saying it might be time to short lol. the setup for shorts were in the news effected it a bit but it has played right off the 5118 area I talked about. Went a bit above it getting some traders long then down she goes.

So I am still laughing
  • #109,745
  • Jan 7, 2009 7:54am Jan 7, 2009 7:54am
Quoting sonicdeejay
sure thing...buddy...
and yea.. Gaza need action,,not words...only...



Sonic


Lol and Israel needs more guns. Gaza needs to stop harbering terrorists.

But we digress. forex folks forex
  • #109,746
  • Jan 7, 2009 7:59am Jan 7, 2009 7:59am
Quoting sonicdeejay
sure thing...buddy...
and yea.. Gaza need action,,not words...only...

Sonic
What about GAZA ?
  • #109,747
  • Jan 7, 2009 8:00am Jan 7, 2009 8:00am
Good afternoon from the U.K.
I hope you lot are getting some of this. Not a time to be short, as I said yesterday this is going to 1.8. Cable has fallen a long, long way over the last five months. Expect some retrace tomorrow, but it won't be as much as you think. Buy the dips.
  • #109,748
  • Jan 7, 2009 8:01am Jan 7, 2009 8:01am
Quoting steelhead
Stops above redline resistance are 1.5118 resistance stops above that
must be stop loss buying on that last spike up then.... 1.5200 - 15300 next stops..
Trading is 80% Emotional, 20% Technical
  • #109,749
  • Jan 7, 2009 8:01am Jan 7, 2009 8:01am
Quoting penycae
Good afternoon from the U.K.
I hope you lot are getting some of this. Not a time to be short, as I said yesterday this is going to 1.8. Cable has fallen a long, long way over the last five months. Expect some retrace tomorrow, but it won't be as much as you think. Buy the dips.
But you've been saying go long continuously since August!!
  • #109,750
  • Jan 7, 2009 8:02am Jan 7, 2009 8:02am
Quoting GuateForex
1. Buy at 1.5126 | Tp: 1.5156
2. Buy at 1.5126 | Tp: 1.5166
3. Buy at 1.5126 | Tp: 1.5176

Good Luck!!!
1. Buy at 1.5126 | Tp: 1.5156 | TP1: +30 Pips
2. Buy at 1.5126 | Tp: 1.5166 | TP2: Still Waiting
3. Buy at 1.5126 | Tp: 1.5176 | TP3: Still Waiting

**************
This are my trades, and I will not be responsable of any lose if you follow my trades. You must do your own analisys.
  • #109,751
  • Jan 7, 2009 8:04am Jan 7, 2009 8:04am
Quoting GuateForex
1. Buy at 1.5126 | Tp: 1.5156 | TP1: +30 Pips
2. Buy at 1.5126 | Tp: 1.5166 | TP2: Still Waiting
3. Buy at 1.5126 | Tp: 1.5176 | TP3: Still Waiting
**************
1. Buy at 1.5126 | Tp: 1.5156 | TP1: +30 Pips
2. Buy at 1.5126 | Tp: 1.5166 | TP2: +40 Pips
3. Buy at 1.5126 | Tp: 1.5176 | TP3: +50 Pips

+120 Pips !!!


This are my trades, and I will not be responsable of any lose if you follow my trades. You must do your own analisys.
  • #109,752
  • Jan 7, 2009 8:05am Jan 7, 2009 8:05am
Man talk about a short squeeze
  • #109,753
  • Jan 7, 2009 8:06am Jan 7, 2009 8:06am
MARKET TALK: Pound Rebounds Vs Euro Before BOE Rate Meeting

News update
2009-01-07 16:03

1602 GMT [Dow Jones] The pound is benefiting Wednesday from some position squaring ahead of the BOE's rate decision a day later. It rebounds against the euro and continues its strength against the dollar. Shaun Osborne, chief currency strategist at TD Securities in Toronto, says that there is some speculation the BoE may not be as aggressive on rate cuts this week as the market expects. The euro trades at GBP0.9010 from GBP0.9044 late Tuesday while The pound traded at $1.5151 from $1.4924.(MOZ)
Contact us in New York. Darlene Ross, 201 938-2085; [email protected]
  • #109,754
  • Jan 7, 2009 8:09am Jan 7, 2009 8:09am
Quoting fx local
must be stop loss buying on that last spike up then.... 1.5200 - 15300 next stops..

yeah i got stopped out at b/e on my 5130 position. waiting for the four hour to close this hour to short again
  • #109,755
  • Jan 7, 2009 8:09am Jan 7, 2009 8:09am
i still see it going higher to 5300.
That will be good to short.
  • #109,756
  • Jan 7, 2009 8:12am Jan 7, 2009 8:12am
Quoting steelhead
yeah i got stopped out at b/e on my 5130 position. waiting for the four hour to close this hour to short again
unlucky there, timing for shorts is tough, alot of postion squaring b4 rate decision, thin over done moves, shadow MPC calling for no cut tomorrow, cable may slow down towards 1.5330 area technically....
Trading is 80% Emotional, 20% Technical
  • #109,757
  • Jan 7, 2009 8:12am Jan 7, 2009 8:12am
lmao literrally just after i popsted that its pretty much got there.
was at 1.5180 when i said that
  • #109,758
  • Jan 7, 2009 8:13am Jan 7, 2009 8:13am
time to short :-)
  • #109,759
  • Jan 7, 2009 8:14am Jan 7, 2009 8:14am
Quoting Infinity
At some point yesterday we thought that 1.5000 was far away too....

I think 5330 area is a real possibility is we get past 518x....
great call there bro....
Trading is 80% Emotional, 20% Technical
  • #109,760
  • Jan 7, 2009 8:15am Jan 7, 2009 8:15am
Quoting fry2010
i still see it going higher to 5300.
That will be good to short.
incredible !! another 5 bagger nite !!
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