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Cable Update (GBPUSD)

  • #118,221
  • Feb 5, 2009 2:30am Feb 5, 2009 2:30am
Quoting wormboy
we're not heading north. matter of fact, we've not headed anywhere since monday. the price is still ranging. that spike up yesterday was triggered via the news, it's been corrected since. The way I look at it, since we're still in the downtrend, safe to say it's headed back down. Any attempt to go long now before the rate cut is madness.
first we have to define time frames then, I am talking about short term. If you look at overall downtrend you could've said that it was safe to sell it at a price of 1.4000 because it was headed back down anyway. I will short it as soon as I see the right PA for it. right now I am long bias, so I'll take my chances.
  • #118,222
  • Feb 5, 2009 2:30am Feb 5, 2009 2:30am
Quoting magicfx
in short at the mo 14390 and even at that
Be careful !!!!
best to stay on the sidelines before big news
  • #118,223
  • Feb 5, 2009 2:37am Feb 5, 2009 2:37am
Dear

Nice to talk to U

Make your SL upove 1.4475,,,,,make your risk managment and decide above it with 10 or 15 or 20 Pip as you wish

And I see from the chart that the huge support now in the Area of 1.4360 : 1.4320,,,,,if we breack this area and I think we will it will go to 1.4180 first and then 1.4040

I hope so


Quoting juan852
i hope you have right if you have right tomorrow eat in a reaturant in your honor, this is the old i can say, im HAPYY!!

SORY MY INGLISH

I HAVE MY STOP LOSSE IN "4433" IS A GOOD OPTION ??? I LITEN
  • #118,224
  • Feb 5, 2009 2:38am Feb 5, 2009 2:38am
its looking ok

not much stomach for an upwards move at the moment
  • #118,225
  • Feb 5, 2009 2:42am Feb 5, 2009 2:42am
wonder if the interest rates for both will goto 0%

there comes a point where anything less than that will not make a difference

if the yanks went to zero now, it would have zero effect

as we look more to more quntative easing 0% is the only option
  • #118,226
  • Feb 5, 2009 2:46am Feb 5, 2009 2:46am
Quoting laromanell
first we have to define time frames then, I am talking about short term. If you look at overall downtrend you could've said that it was safe to sell it at a price of 1.4000 because it was headed back down anyway. I will short it as soon as I see the right PA for it. right now I am long bias, so I'll take my chances.
yeah i'm very agree with you i'm still preferred long and 1.4370 is a good price for long but i don't like this PA so i'm out.. here's my view sorry for bad chart and bad english too



in my view if that support red line broke i'm going to short it vice versa
Attached Image (click to enlarge)
Click to Enlarge Name: 5-2-2009.gif Size: 25 KB
wish me luck!
  • #118,227
  • Feb 5, 2009 2:48am Feb 5, 2009 2:48am
Quoting wormboy
crap, looks like i'm the only one anticipating it to go south! damn, what am i looking at that is different? need to check again
Alastair : Sorry mate, but I posted that about 18 hours ago before the spike up.
I wasn't in any way looking to buy. So your claim is a bit off.

Laromanell : My mistake mate, you trade shorter tf so you prolly see different. All the best to you
Thank You
  • #118,228
  • Feb 5, 2009 2:49am Feb 5, 2009 2:49am
good luck - no need to apologise, your English is good enough for us all to understand you, and probably far better than any of our attempts to communicate with you in your native tongue
  • #118,229
  • Feb 5, 2009 2:51am Feb 5, 2009 2:51am
False down breakout? Price sticks to upper channel last 2 hours. And HH & HC on M1.
  • #118,230
  • Feb 5, 2009 2:52am Feb 5, 2009 2:52am
Quoting wormboy
Alastair : Sorry mate, but I posted that about 18 hours ago before the spike up.
I wasn't in any way looking to buy. So your claim is a bit off.

Laromanell : My mistake mate, you trade shorter tf so you prolly see different. All the best to you
It's not your mistake, it's just we have different viewpoints. and I personally think that it's good, because you made me to go and take one more look to overall picture from a bigger prospective.
green pips to you!
  • #118,231
  • Feb 5, 2009 2:57am Feb 5, 2009 2:57am
spot on laromanell

and different trading styles - never jump in or out of a trade becuase someone else on a bb says so - also they could just be having a laugh!!
  • #118,232
  • Feb 5, 2009 2:57am Feb 5, 2009 2:57am
Quoting magicfx
good luck - no need to apologise, your English is good enough for us all to understand you, and probably far better than any of our attempts to communicate with you in your native tongue
haha ok thanks i'm out today maybe trade again 5 hours from now wait for all those big news comes out see ya nice trade all..
wish me luck!
  • #118,233
  • Feb 5, 2009 2:58am Feb 5, 2009 2:58am
Well I took a long position too on an hourly chart I see we will go higher I am looking for 1.4550 will see,I could be wrong
  • #118,234
  • Feb 5, 2009 3:04am Feb 5, 2009 3:04am
Quoting sofia101
Well I took a long position too on an hourly chart I see we will go higher I am looking for 1.4550 will see,I could be wrong
long immediate target 14550??

possible?? i believe so..

pop
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  • #118,235
  • Feb 5, 2009 3:04am Feb 5, 2009 3:04am
Quoting sofia101
Well I took a long position too on an hourly chart I see we will go higher I am looking for 1.4550 will see,I could be wrong
I added longs based on hourly too, hopefully see you at 1.4550, I will take half of my profit at 1.4500 though.
  • #118,236
  • Feb 5, 2009 3:05am Feb 5, 2009 3:05am
out made 50 pips
  • #118,237
  • Feb 5, 2009 3:06am Feb 5, 2009 3:06am
obviously my short didnt go well!! doh!! had a good exit point but missed it - kids of school, aarrrgghhh!!!
  • #118,238
  • Feb 5, 2009 3:07am Feb 5, 2009 3:07am
Sorry to volatile for me
  • #118,239
  • Feb 5, 2009 3:08am Feb 5, 2009 3:08am
i'm long at 4450
  • #118,240
  • Feb 5, 2009 3:13am Feb 5, 2009 3:13am
Quoting magicfx
obviously my short didnt go well!! doh!! had a good exit point but missed it - kids of school, aarrrgghhh!!!
Hope u will have an another good trade. In fact for me we're facing a very tough situation due to the confusion & indecision between PA & a big news.
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