Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#123,961
Feb 27, 2009 7:40am Feb 27, 2009 7:40am

kalparker
| Joined Feb 2009 | Status: Trader | 171 Posts

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

leu02cz
| Joined Oct 2008 | Status: Trader | 108 Posts

Quoting PipLand

Disliked

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!

Ignored

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

yomajo
| Joined Jan 2009 | Status: Trader | 11 Posts

Be aware.

Attached Image (click to enlarge)

Click to Enlarge

Name: ScreenShot004.jpg
Size: 75 KB

#123,964
Feb 27, 2009 7:50am Feb 27, 2009 7:50am

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

Quoting leu02cz

Disliked

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.

Ignored

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

ezodisy
| Joined Nov 2008 | Status: Trader | 665 Posts

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

leu02cz
| Joined Oct 2008 | Status: Trader | 108 Posts

Quoting PipLand

Disliked

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

Ignored

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

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

Quoting leu02cz

Disliked

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.

Ignored

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

Barny
| Joined Feb 2009 | Status: Trader | 78 Posts

Quoting leu02cz

Disliked

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.

Ignored

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

Magix
Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts

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

leu02cz
| Joined Oct 2008 | Status: Trader | 108 Posts

Quoting Barny

Disliked

As the 14100 level is such a round number you would need a S/L below that if you want to stay in.

Ignored

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

Cultured
| Joined Jan 2008 | Status: Consistent | 106 Posts

Large traders.

The trend is not your friend, it's your master.

#123,972
Feb 27, 2009 8:22am Feb 27, 2009 8:22am

Magix
Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts

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

Magix
Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts

If upward momentum continues, short opportunities should present in areas circled in yellow.

Attached Image (click to enlarge)

Click to Enlarge

Name: gush1.JPG
Size: 89 KB

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!

#123,974
Feb 27, 2009 8:47am Feb 27, 2009 8:47am

manize
| Joined Dec 2007 | Status: Trader | 3,220 Posts

Just back online, already short 1.4170 hit + 8 pips, might be scalp short again at 1.4185 - 1.4200 !

Attached Image (click to enlarge)

Click to Enlarge

Name: 267209.gif
Size: 79 KB

I only trade XAU/USD. Based on USD news & Fib SR & BB20

#123,975
Feb 27, 2009 8:57am Feb 27, 2009 8:57am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

Quoting leu02cz

Disliked

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.

Ignored

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

Forbes55
| Joined Oct 2008 | Status: Trader | 1,035 Posts

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!

ROBOT FOREX