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Cable Update (GBPUSD)

  • #123,961
  • Feb 27, 2009 7:40am Feb 27, 2009 7:40am
There is a good chance a lot of this is already priced in, due to the tepid response to the numbers. We'll know in a bit.
  • #123,962
  • Feb 27, 2009 7:45am Feb 27, 2009 7:45am
Quoting PipLand
I would say bad US GDP will lead to further risk aversion which strengthens USD, thus weakening cable. But what you dont know is how much of that bad data is alreday priced in!
I am agree with you, I just closed all my short positions and need to wait for about 10-20 minutes, really don know if cable is going south directly.

bad us data cable going south, bad uk data cable going south, and there is no good news at the moment. but cable still moves up and down.
  • #123,963
  • Feb 27, 2009 7:49am Feb 27, 2009 7:49am
Be aware.
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  • #123,964
  • Feb 27, 2009 7:50am Feb 27, 2009 7:50am
Quoting leu02cz
I am agree with you, I just closed all my short positions and need to wait for about 10-20 minutes, really don know if cable is going south directly.

bad us data cable going south, bad uk data cable going south, and there is no good news at the moment. but cable still moves up and down.

it may look like cable is going up and down but to me it only looks like it has been moving down since 12pm GMT. have a look at the 10ema it has mostly stayed below this level
  • #123,965
  • Feb 27, 2009 7:53am Feb 27, 2009 7:53am
has yet again bounced off that lower wedge-like line from 13 Nov
  • #123,966
  • Feb 27, 2009 7:54am Feb 27, 2009 7:54am
Quoting PipLand
it may look like cable is going up and down but to me it only looks like it has been moving down since 12pm GMT. have a look at the 10ema it has mostly stayed below this level
I mean within the past 10 days it went up and down.

I went long just now at 14135. SL set at -15, will move to BE once I can.

ps: bad entry, been stopped out at BE.
  • #123,967
  • Feb 27, 2009 8:04am Feb 27, 2009 8:04am
Quoting leu02cz
I mean within the past 10 days it went up and down.

I went long just now at 14135. SL set at -15, will move to BE once I can.

ps: bad entry, been stopped out at BE.
ahh right sorry yes your right its been stuck in a bit of a range for a while now. If we are treating this as a range then i make the bottom 4090. But just so everyones clear I have no intention of going long if we reach 4090 today
  • #123,968
  • Feb 27, 2009 8:05am Feb 27, 2009 8:05am
Quoting leu02cz
I mean within the past 10 days it went up and down.

I went long just now at 14135. SL set at -15, will move to BE once I can.

ps: bad entry, been stopped out at BE.
As the 14100 level is such a round number you would need a S/L below that if you want to stay in.
  • #123,969
  • Feb 27, 2009 8:10am Feb 27, 2009 8:10am
Longs are going to seem damn tempting for the next little while....

Scalp plays available, but watching the clock and the indicators here....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #123,970
  • Feb 27, 2009 8:11am Feb 27, 2009 8:11am
Quoting Barny
As the 14100 level is such a round number you would need a S/L below that if you want to stay in.
next time I will try, but I do not understand what drives the price to round numbers?
  • #123,971
  • Feb 27, 2009 8:22am Feb 27, 2009 8:22am
Large traders.
The trend is not your friend, it's your master.
  • #123,972
  • Feb 27, 2009 8:22am Feb 27, 2009 8:22am
1.4235 be my target on for next short position here..
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #123,973
  • Feb 27, 2009 8:31am Feb 27, 2009 8:31am
If upward momentum continues, short opportunities should present in areas circled in yellow.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #123,974
  • Feb 27, 2009 8:47am Feb 27, 2009 8:47am
Just back online, already short 1.4170 hit + 8 pips, might be scalp short again at 1.4185 - 1.4200 !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #123,975
  • Feb 27, 2009 8:57am Feb 27, 2009 8:57am
Quoting leu02cz
I mean within the past 10 days it went up and down.

I went long just now at 14135. SL set at -15, will move to BE once I can.

ps: bad entry, been stopped out at BE.
If you don't mind me asking, do you place your be at opening price? Because 15 pips sl seems a bit too tight don't you think?
Thank You
  • #123,976
  • Edited 9:10am Feb 27, 2009 8:57am | Edited 9:10am
missed long good ride while i was away (my buy liimit order at level 4105 just didn't touch 5 pips to open, that's just incredibly unfair)
usdcad is getting on my nerves too, it should fall but resisit from high level damn it!
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  • #123,977
  • Feb 27, 2009 9:07am Feb 27, 2009 9:07am
i have gone long at 4180 eyeing 4270 resistance level
  • #123,978
  • Feb 27, 2009 9:10am Feb 27, 2009 9:10am
Caught short 1.4215 ! locked in + 8 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #123,979
  • Feb 27, 2009 9:12am Feb 27, 2009 9:12am
Quoting manize
Caught short 1.4215 ! locked in + 8 pips !
Close + 25 pips, waiting for short if confirmed to go back down again !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #123,980
  • Feb 27, 2009 9:13am Feb 27, 2009 9:13am
who knows what should I do now with damn usdcad?
I have 2 orders by 0.50 opened for selling and this thing resists still!
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