Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#116,761
Feb 1, 2009 1:20pm Feb 1, 2009 1:20pm

Chris_35
| Joined Aug 2008 | Status: Trader | 816 Posts

Quoting PipLand

Disliked

This might make you feel a little better

http://www.forex-markets.com/quotes.htm

currently showing 1.4494 ask!

Ignored

Just refreshed xe.com and its now 1.4493.Weird really because when I started typing last post I refreshed it then. You are right I am much happier

#116,762
Feb 1, 2009 1:27pm Feb 1, 2009 1:27pm

Abouelzelouf
| Joined Aug 2006 | Status: Trader | 1,152 Posts

Quoting Chris_35

Disliked

xe.com gives a price for cable @ 1.4597 which I know for some of the guys who went short on friday night is almost 100 pips adrift. I took my short @ 1.4515 and need to make up some ground also. I do believe that cable will go down even if it hasnt gapped down by the time the brokers open, but I am also prepared for gap up and maybe even rise a little more before it turns round. For this reason I only put a small lot size on weekend trade (to expect the unexpected as EO says)
My thoughts are that I will not have lost any money untill I close a...

Ignored

I just checked xe now and price is down near 1.448.
while on forex markets it went down to 1.447

#116,763
Feb 1, 2009 1:33pm Feb 1, 2009 1:33pm

PipLand
| Joined Nov 2008 | Status: Trader | 2,548 Posts

Quoting Chris_35

Disliked

Just refreshed xe.com and its now 1.4493.Weird really because when I started typing last post I refreshed it then. You are right I am much happier

Ignored

It looks for the moment like its gonna be gap down, im not gonna trade until well into the london session tomorrow though. I cant decide on direction until 1.45 shows us if its gonna be resistance or support. Should be interesting whatever happens, hope your trade turns out well

#116,764
Feb 1, 2009 1:43pm Feb 1, 2009 1:43pm

Chris_35
| Joined Aug 2008 | Status: Trader | 816 Posts

Quoting Abouelzelouf

Disliked

I just checked xe now and price is down near 1.448.
while on forex markets it went down to 1.447

Ignored

#116,765
Feb 1, 2009 2:05pm Feb 1, 2009 2:05pm

Chris_35
| Joined Aug 2008 | Status: Trader | 816 Posts

Quoting PipLand

Disliked

It looks for the moment like its gonna be gap down, im not gonna trade until well into the london session tomorrow though. I cant decide on direction until 1.45 shows us if its gonna be resistance or support. Should be interesting whatever happens, hope your trade turns out well

Ignored

Am happy for myself and all the other guys on here that took the short last Friday if it does gap down. Thanks for your support.

#116,766
Feb 1, 2009 3:04pm Feb 1, 2009 3:04pm

Chris_35
| Joined Aug 2008 | Status: Trader | 816 Posts

Opened @ 1.44689 on I.G brokers 21:00 GMT

#116,767
Feb 1, 2009 3:26pm Feb 1, 2009 3:26pm

joemiami
Joined Jan 2008 | Status: Pipaholics make better lovers ;) | 1,002 Posts

You all think its going to head lower when market opens?

I hope so....

#116,768
Feb 1, 2009 3:31pm Feb 1, 2009 3:31pm

fry2010
| Joined Mar 2008 | Status: Trader | 785 Posts

i dnt think the up move is done yet. 1.4850-4900 i think.

#116,769
Feb 1, 2009 3:50pm Feb 1, 2009 3:50pm

Jigsaw
Joined Nov 2008 | Status: One Man Hedge Fund | 797 Posts

Quoting fry2010

Disliked

i dnt think the up move is done yet. 1.4850-4900 i think.

Ignored

Chart of your thought process by any chance ?

#116,770
Feb 1, 2009 4:05pm Feb 1, 2009 4:05pm

dode
| Joined Sep 2008 | Status: Trader | 18 Posts

Any of you guys short from 1.45+ taken profits now or are you looking for lower prices?

#116,771
Feb 1, 2009 4:12pm Feb 1, 2009 4:12pm

Si Tr4d3r
| Joined Dec 2008 | Status: Trader | 132 Posts

I took a short at 14510 on Friday with a very tight s/l

Checked on saturday and had been taken out as it closed at 14538.

#116,772
Feb 1, 2009 4:16pm Feb 1, 2009 4:16pm

fry2010
| Joined Mar 2008 | Status: Trader | 785 Posts

Quoting Jigsaw

Disliked

Chart of your thought process by any chance ?

Ignored

Sure its a bit messy.
Reason i dont think downmove will continue is because of this large retracement looks strong and we just burst through resistance.
We are returning to area of high support i wud expect price to fly away from.
(shud the quotes we are getting to be accurate). Its the highlighted circle area.
Reason why i believe 4850-900 because of large boost area of support back into the 4h wedge to hit topside around this 4850-900, where there is also the 1.618 fib extension.
I also be looking at the blue line area and yellow line above around 4600 for bounce.
Hope this is clear for why i select this area.

* OK sorry I actually cant upload. I have borrowed my sisters laptop because mine got hacked and destroyed. She has vista and it wont find the image im saving. If anyone knows if vista has problems and how to work round it i cud get it on.
I saved it in mt4 alpari program files section, but upload cant find file. sorry.*

#116,773
Feb 1, 2009 4:27pm Feb 1, 2009 4:27pm

mappollo69
| Joined Jul 2006 | Status: Trader | 138 Posts

Quoting dode

Disliked

Any of you guys short from 1.45+ taken profits now or are you looking for lower prices?

Ignored

Im holding, I traded small lots anyway, Im sure it will go up but how far, no one knows. We may see 1.46 - 1.4650 before BOE rate cut Thursday.

The tug of war between the bears and bulls continue.

#116,774
Feb 1, 2009 4:39pm Feb 1, 2009 4:39pm

Jigsaw
Joined Nov 2008 | Status: One Man Hedge Fund | 797 Posts

Quoting fry2010

Disliked

Sure its a bit messy.
Reason i dont think downmove will continue is because of this large retracement looks strong and we just burst through resistance.
We are returning to area of high support i wud expect price to fly away from.
(shud the quotes we are getting to be accurate). Its the highlighted circle area.
Reason why i believe 4850-900 because of large boost area of support back into the 4h wedge to hit topside around this 4850-900, where there is also the 1.618 fib extension.
I also be looking at the blue line area and yellow line above...

Ignored

That's fine , I see where you are coming from.