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Cable Update (GBPUSD)

  • #118,561
  • Feb 5, 2009 12:23pm Feb 5, 2009 12:23pm
Quoting trader2160
Hey buddy hope youre doing well.This freaky pa has a lot to do with the action in the yen pairs esp U/J.Exploded higher,probably option related position unwinding.
Hello mate, no ive been picking tops all day and getting 1+pips handed to me. I know I shouldnt complain but it does sometimes feel like a slap in the face lol

Ive got a short running from 4660 now so this better give me some pips, im hoping to hit 4580 then 4480 but we'll see, this is my last trade until the 16th Feb.

How have you been doing? hope youve been getting some nice pips!
  • #118,562
  • Feb 5, 2009 12:28pm Feb 5, 2009 12:28pm
Quoting Bones
No Pipland the dollar has not budged have you got a USDX chart?
The dollar is currently consolidating I am waiting for a break ,the pound looks to be running out of steam and has hit the center of Resistance

No I havent I need to get one though, I normally look at the dollar against quite a few pairs instead.

It is interesting that the dollar index hasnt budged but so many other pairs have got stronger against the dollar. Im prob being really stupid here but why do you think this is, has the dollar shown exceptional strength against one particular pair? I did notice that usd/chf is up
  • #118,563
  • Feb 5, 2009 12:28pm Feb 5, 2009 12:28pm
jammerjams : thanks, but I can't take credit for the line. robert kiyosaki said that .
Btw, how's your trade?
This had been one helluva nite, especially on gj. steamrolled every stops I had in place. And now racing back down. Ain't that a b****!
Welp, manage to pocket 57 pips so I'm gonna wait for a better opportunity to short. Happy trading you guys!
Thank You
  • #118,564
  • Feb 5, 2009 12:33pm Feb 5, 2009 12:33pm
Quoting PipLand
Hello mate, no ive been picking tops all day and getting 1+pips handed to me. I know I shouldnt complain but it does sometimes feel like a slap in the face lol

Ive got a short running from 4660 now so this better give me some pips, im hoping to hit 4580 then 4480 but we'll see, this is my last trade until the 16th Feb.

How have you been doing? hope youve been getting some nice pips!
Lol I just read your posts,I also took a few scalps short about the same time when you were willing it down.Tried catching the top in U/j,got stopped out a few times,but now Ive got a good short going.

Dude,youll be missed.Is it something serious?
  • #118,565
  • Feb 5, 2009 12:35pm Feb 5, 2009 12:35pm
I think it will go down to 4450, which holds both short term upward channel's support and daily PP at 4451.

Let's see...
  • #118,566
  • Feb 5, 2009 12:36pm Feb 5, 2009 12:36pm
Quoting wormboy
jammerjams : thanks, but I can't take credit for the line. robert kiyosaki said that .
Btw, how's your trade?
This had been one helluva nite, especially on gj. steamrolled every stops I had in place. And now racing back down. Ain't that a b****!
Welp, manage to pocket 57 pips so I'm gonna wait for a better opportunity to short. Happy trading you guys!
well..its been an average good night..
you may see me as one of the more safe traders..walked away so far wiith 1.5% that is my quota..customers expect that...

Do you know..that if we sit here for a long while..we may have created a new bottom..
and with news tomorrow and poor usd index..we may see a big BIG jump up!

by the way...i have met robert early in his career...great guy...
great personality.

so true saying. Not everyone can be a trader..or buy lots of properties..it takes guts...especially when your using your own money...more so when you are using others money...
  • #118,567
  • Feb 5, 2009 12:38pm Feb 5, 2009 12:38pm
The swiss franc has been sold off Pipland this it the reason it has lost support off consolidation.
As far as I can tell all the moves against the $ today have either been buying or selling the counterpart...
The $ has not moved because it is consolidating on the 4 hr maybe waiting to tomorrow ,but it is rising on the daily.
Overall I am bullish on the $.
But I am also bullish on the pound

Quoting PipLand
No I havent I need to get one though, I normally look at the dollar against quite a few pairs instead.

It is interesting that the dollar index hasnt budged but so many other pairs have got stronger against the dollar. Im prob being really stupid here but why do you think this is, has the dollar shown exceptional strength against one particular pair? I did notice that usd/chf is up
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #118,568
  • Feb 5, 2009 12:42pm Feb 5, 2009 12:42pm
Quoting trader2160
Lol I just read your posts,I also took a few scalps short about the same time when you were willing it down.Tried catching the top in U/j,got stopped out a few times,but now Ive got a good short going.

Dude,youll be missed.Is it something serious?

good glad you got a nice trade running!

Cheers im just going away for a short holiday to get recharged for some mega trading when i get back lol
  • #118,569
  • Feb 5, 2009 12:52pm Feb 5, 2009 12:52pm
The size of my belly today is astounding. I'm thinking of shorting it.....
There's always money in the banana stand.
  • #118,570
  • Feb 5, 2009 12:52pm Feb 5, 2009 12:52pm
Quoting Bones
The swiss franc has been sold off Pipland this it the reason it has lost support off consolidation.
As far as I can tell all the moves against the $ today have either been buying or selling the counterpart...
The $ has not moved because it is consolidating on the 4 hr maybe waiting to tomorrow ,but it is rising on the daily.
Overall I am bullish on the $.
But I am also bullish on the pound

Cheers thought it must be the Swissy was the only chart acting differently that I could notice. Still gotta get me a dollar index though will sort that out when i get back!
  • #118,571
  • Feb 5, 2009 12:58pm Feb 5, 2009 12:58pm
Quoting LizardGizzard
The size of my belly today is astounding. I'm thinking of shorting it.....

Your statment LizardGizzard made me laugh so hard..i started to tear up...LOL
still laughing!
  • #118,572
  • Feb 5, 2009 12:59pm Feb 5, 2009 12:59pm
Have a nice break Pipland
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #118,573
  • Feb 5, 2009 1:02pm Feb 5, 2009 1:02pm
i'm in short at 4630.
i think it come down....what do you thik bro!!!?
  • #118,574
  • Feb 5, 2009 1:06pm Feb 5, 2009 1:06pm
what i nice morning, the only regret I have that I put an order to close half of my long at 1.4500. no need to be greedy let's see where it will go.
  • #118,575
  • Feb 5, 2009 1:08pm Feb 5, 2009 1:08pm
Quoting Bones
Have a nice break Pipland

Thank you!
  • #118,576
  • Feb 5, 2009 1:27pm Feb 5, 2009 1:27pm
interesting to see how the 4hr candle closes on gu & gj ...
if it's a shooting star, i'm gonna lock & load
Thank You
  • #118,577
  • Feb 5, 2009 1:29pm Feb 5, 2009 1:29pm
Quoting laromanell
what i nice morning, the only regret I have that I put an order to close half of my long at 1.4500. no need to be greedy let's see where it will go.

Never underestimate the Pound...great job laromanell
i would probably consider snuggling up the SL just below 4615 for half the remaing open longs you have...I hope you have a hundred open still...
  • #118,578
  • Feb 5, 2009 1:35pm Feb 5, 2009 1:35pm
Quoting wormboy
interesting to see how the 4hr candle closes on gu & gj ...
if it's a shooting star, i'm gonna lock & load
When does your 4h close? Mine doesn't close for another 1h 25m.
Just digging in the trenches like everyone else!
  • #118,579
  • Feb 5, 2009 1:52pm Feb 5, 2009 1:52pm
Quoting eohater
When does your 4h close? Mine doesn't close for another 1h 25m.
Mine closes in 9 mins now
  • #118,580
  • Feb 5, 2009 1:52pm Feb 5, 2009 1:52pm
Quoting wormboy
interesting to see how the 4hr candle closes on gu & gj ...
if it's a shooting star, i'm gonna lock & load
hey wormboy...

i dont see a shooting star in the 4 hr...
I do see a larger body and next is a Doji..and then another intersecting body..but still within the limits of the Doji...

I would not count my chickens just yet...not enough volume to do any real damage..its ciesta time!
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