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Cable Update (GBPUSD)

  • #9,241
  • Mar 27, 2007 12:50pm Mar 27, 2007 12:50pm
but does gu was too volatile by putting 10 pips away. maybe this is your way to trade. anyway, best of luck.happy trading!
I`m a newbie to Forex, so tell me if i`m wrong.
  • #9,242
  • Mar 27, 2007 1:17pm Mar 27, 2007 1:17pm
Quoting smesul
but does gu was too volatile by putting 10 pips away. maybe this is your way to trade. anyway, best of luck.happy trading!
no.

if you looked at the price action after the consumer report, you would have seen that the bulls were losing steam and a heavy barrier was set at my sl area.

what if the price didn't reach within 10 pips of my sl? then i don't trade.

that's where the volatility gets factored in you calculate your risk award ratio to see if its worth getting into a trade or not.

i think cesarnc put it nicely sometime ago when he said "no position is a valid position".
BAM BAM BOOM! -bravado
  • #9,243
  • Mar 27, 2007 1:20pm Mar 27, 2007 1:20pm
Quoting smesul
happy trading!
are you kidding me..
BAM BAM BOOM! -bravado
  • #9,244
  • Mar 27, 2007 1:28pm Mar 27, 2007 1:28pm
Quoting smesul
maybe this is your way to trade.
correct.

a couple of tips:

a) what works for others most likely won't work for you.
b) taking or even considering trading on someone else's signal is a fast way for you to lose your account.

hope that helps.
BAM BAM BOOM! -bravado
  • #9,245
  • Mar 27, 2007 1:32pm Mar 27, 2007 1:32pm
You might want to consider decaf.
  • #9,246
  • Edited 1:52pm Mar 27, 2007 1:37pm | Edited 1:52pm
Quoting bravado
no.

if you looked at the price action after the consumer report, you would have seen that the bulls were losing steam and a heavy barrier was set at my sl area.

what if the price didn't reach within 10 pips of my sl? then i don't trade.

that's where the volatility gets factored in you calculate your risk award ratio to see if its worth getting into a trade or not.

i think cesarnc put it nicely sometime ago when he said "no position is a valid position".
Bulls are limping, Bears are sleeping. And I'm dumping my GU positions ASAP until definitions by London....

Either the market is going to lift Cable above 9726 before news, to prevent from USD-positive news or we're going down.

Seems, just seems, too much time stalling within a narrow range. Today was a 60 pips range day for practical purposes...
  • #9,247
  • Mar 27, 2007 1:52pm Mar 27, 2007 1:52pm
NEW YORK (Reuters) - The U.S. Gulf Coast, which is still rebuilding almost two years after Hurricane Katrina, faces a renewed threat of powerful storms this year, private forecaster AccuWeather said on Tuesday.

British forecasting group Tropical Storm Risk this month also predicted an active storm season. It forecast four "intense" hurricanes during the 2007 season, which runs from June through November.

"This year's stronger storms are likely to be the kind of disruption that will be felt in wallets and pocketbooks," he said.


U.S. gasoline prices reached a record high of $3.057 per gallon after Katrina, which caused oil refineries to shut down and companies to evacuate workers from oil and gas producing rigs in the Gulf.


After Hurricane Rita hit the region a month after Katrina, as much as 14 percent of U.S. refinery capacity was shut and about 80 percent of crude oil and 66 percent of natural gas production were down for months.
BAM BAM BOOM! -bravado
  • #9,248
  • Mar 27, 2007 1:57pm Mar 27, 2007 1:57pm
Quoting cesarnc
Bulls are limping, Bears are sleeping. And I'm dumping my GU positions ASAP until definitions by London....

Either the market is going to lift Cable above 9726 before news, to prevent from USD-positive news or we're going down.

Seems, just seems, too much time stalling within a narrow range. Today was a 60 pips range day for practical purposes...

agreed.
BAM BAM BOOM! -bravado
  • #9,249
  • Mar 27, 2007 3:02pm Mar 27, 2007 3:02pm
Just noticed a pack of GB news, forecast positive, just ahead of US Durables...

None of them seems a mover, but the whole pack coming out positive may provide a prop at least for ultimate 9726 testing....

Yes, we are having direction tomorrow...
  • #9,250
  • Mar 27, 2007 3:21pm Mar 27, 2007 3:21pm
just checking in after a day of shopping and not trading. Didn't take any new positions after the news. just watching and waiting now
  • #9,251
  • Mar 27, 2007 3:34pm Mar 27, 2007 3:34pm
Quoting leelee75k
just checking in after a day of shopping and not trading. Didn't take any new positions after the news. just watching and waiting now
girls and shopping...

  • #9,252
  • Mar 27, 2007 4:00pm Mar 27, 2007 4:00pm
my broker advising to go long above 750, just like i thought he would,..at 777 its bulish-it, ofcourse...or not, tp he says 900 i forgot 9900, yee i believe that was their thoughts...anyway im off since oil gone crazy,...still trying to catch the top...lol
its just money
  • #9,253
  • Mar 27, 2007 4:14pm Mar 27, 2007 4:14pm
Crazy Sh@$ going on right now... USD dumping

good news is that I got rid of one of my lousiest GU longs at B/E...

hhmmm, guess they say "patience is a virtue"....

Getting lucky at late NYC, too...


  • #9,254
  • Mar 27, 2007 4:14pm Mar 27, 2007 4:14pm
and i was thinking about going short yesterday,..ok today i would go long anyway,...

Futures: Oil just went up following an Arab League draft statement obtained by Bloomberg News. "Every arab country" should persue nuclear program, the draft says
Attached Image
its just money
  • #9,255
  • Mar 27, 2007 4:16pm Mar 27, 2007 4:16pm
Quoting de123
and i was thinking about going short yesterday,..ok today i would go long anyway,...

Futures: Oil just went up following an Arab League draft statement obtained by Bloomberg News. "Every arab country" should persue nuclear program, the draft says
Damn! That's a wicked chart!
  • #9,256
  • Mar 27, 2007 4:18pm Mar 27, 2007 4:18pm
I know this is thread about GU but I think EU may become the better pair to trade in the coming days/weeks. Cable could be stuck in a range while the euro moves higher.
  • #9,257
  • Mar 27, 2007 4:23pm Mar 27, 2007 4:23pm
Quoting zawodowiec
Damn! That's a wicked chart!
now its 65.51...sorry guys, i know its only cable, but this i had to post...lol,....
its just money
  • #9,258
  • Mar 27, 2007 4:25pm Mar 27, 2007 4:25pm
wished i could have shorted that spike!
caught me off guard I wasn't watching at the moment
  • #9,259
  • Mar 27, 2007 4:27pm Mar 27, 2007 4:27pm
hold up, did anyone just hear kudlow on cnbc say the oil spike just now was due to an Iranian strike on a US carrier that the US is denying??

my source is quoting the arab league nuclear thing
  • #9,260
  • Mar 27, 2007 4:32pm Mar 27, 2007 4:32pm
Quoting leelee75k
hold up, did anyone just hear kudlow on cnbc say the oil spike just now was due to an Iranian strike on a US carrier that the US is denying??

my source is quoting the arab league nuclear thing

(US) WHITE HOUSE: NOTHING TO INDICATE ANY INCIDENT TAKING PLACE REGARDING IRAN
<OIH GLD>
(US) US NAVY: NOTHING TO VERIFY RUMOR OF IRAN STRIKE ON US SHIP
<OIH GLD>
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