Cable Update (GBPUSD)

long at 1.4123
hope she will up a lil bit . . .beforeshe goes down

so everyone has made short ehh?

North @ 1.4097

Closed @ TS 1.4116

she still north

i am short

Thx, helpful! Confused me, usualy its a second, it took 10 min.

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Ya chess can be a metaphore of trading. Anticipation of opportunities and also risk as you open your piece or even stay stable. Who would ever say trading is safer then chess....

Well, its all good stuff, i like strategic "games". As chess and sniper simulator over wolfenstein enemy territory, but that's another story


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Flat for now, News at 2h gmt-5

2:00am GBP
Nationwide HPI m/m
http://www.forexfactory.com/images/m...etail_star.gif
-1.8% -2.5%

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Lower would be what? 1.4050, 1.40, 1.39, i don't see big support in between, if not testing the high again?
WHO KNOW'S!

See ya all, time to watching BF

SL at +2

thanks for this SL method, who was the founder???

EO or somone else?

I just closed all my shorts at 4080...

Will look for a new ride during us session..

Congrats bro!! I closed out 25% of mine at 4077. Looking to slowly release remainder 50% into sell-downs... keeping last 25% becos I am still bearish...

Arghhh... the only thing worse than getting stopped out of a winning trade is actually a losing one. Oh well, around 80 pips total on cable today.

Daily TF:



15m TF:

where will it stop?

Us SHORTS think at least 1.3680 and beyond...

I guess them LONGS think at least retracing soon to resume back to 1.43xx..

excerpts from informa the reason why cable down a bit:

Some rare not quite as weak as expected UK HOUSING data, but NATIONWIDE'S JAN HPI still fell a considerable 1.3% m/m vs -1.7% f/c, with the y/y rate slowing further to -16.6% from -15.9% in Dec when the m/m index dropped 2.5%. Moreover, the lender is now reporting that the avg price of a property has declined to Gbp150,501, which is an 18% decline from the peak back in Q4 2007. Nationwide's economist Gahbauer noted that despite lower house prices and BoE rates the deepening recession and job security fears are keeping potential home buyers away and although the m/m rate of deceleration slowed this month it is too premature to predict any improvement in conditions in the near term. Other economic/housing indicators certianly support this view and the IMF's lates review of the UK was bleak indeed (out yesterday).

1.4060/30 hard to crack!

Its M1/M3 day on the daily pivot. That should give you a idea.. If you made your pip goal, close out. No reason to be greedy..

i am long @ 1.4015

Hum, lucky you 1.4015 really?!

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Looking at weekly chart this 1.4051/75 is use as support for many sway, under that look like a deep nothing.... until 1.30 and ..... 1.05 LOL

maby maby.....

Can you plse explain your entry?
Thnx

Channel on m5 is making me very happy... both direction.. giving good pa each way.. Think I may call it a day.... and get some shut eye

are you saying i should bring my pending order to 1.4051?

thanks..want to hear from you

WOW! I wonder how you got this price when my lowest price done on my system today is 1.4071....