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Cable Update (GBPUSD)

  • #124,281
  • Mar 2, 2009 10:52am Mar 2, 2009 10:52am
Quoting rgitt05
I hope this help.. London is closed and their is no more news to move this further down pass 1.3900 zone unless some BS news from the feds..

Thanks, was helpful
  • #124,282
  • Mar 2, 2009 10:56am Mar 2, 2009 10:56am
Quoting wormboy
Lol. I am not greedy! Am just doing what my charts tell me to do. That is to ride the bear, not wrestle it.
Bulls & bears make money, hogs & sheeps get slaughtered!
Btw thanks bro. It's a nice to start the month with big gains, it's +860 on the green from 2 entries [locked & float]. So you can understand me being tad upbeat.
Nice one! With today's gains, you can buy a theasaurus to lookup new words for down and sell
  • #124,283
  • Mar 2, 2009 11:05am Mar 2, 2009 11:05am
Quoting daffy
Nice one! With today's gains, you can buy a theasaurus to lookup new words for down and sell
bahahahaha. that's good
Thank You
  • #124,284
  • Mar 2, 2009 11:06am Mar 2, 2009 11:06am
I need an opinion. Does 3880 - 3915 look like a great area to go long or should I punch myself in the face for even thinking about a long position at this point? Current bounce I think will still go lower but I think 3900 ish will hold and produce a bigger bounce. Any and all opinions, name calling, ridicule, and support are welcomed.
  • #124,285
  • Mar 2, 2009 11:08am Mar 2, 2009 11:08am
I went long off those 3 15 min candles at 3988, SL BE + 2. Worth a try I thought could pull back to 4200 with a bit of luck, or could stop me out for 2 pips either way there will be no tears lol
  • #124,286
  • Mar 2, 2009 11:13am Mar 2, 2009 11:13am
Yeah I thought about it too, but that 4020 to 4035 area will push it back down I feel. Who knows, I guess I'll just wait and see.
  • #124,287
  • Mar 2, 2009 11:15am Mar 2, 2009 11:15am
Quoting TheDirtySerb
Yeah I thought about it too, but that 4020 to 4035 area will push it back down I feel. Who knows, I guess I'll just wait and see.
Yeah im pretty sure it will get pushed back down in that area too but PA was showing nice support so worth a go, I locked it down asap though
  • #124,288
  • Mar 2, 2009 11:15am Mar 2, 2009 11:15am
Quoting wormboy
Lol. I am not greedy! Am just doing what my charts tell me to do. That is to ride the bear, not wrestle it.
I closed all longs now with profit so as you say I'm wrestler now maybe like Mickey Rourke in new film!
ROBOT FOREX
  • #124,289
  • Mar 2, 2009 11:16am Mar 2, 2009 11:16am
Quoting PipLand
I went long off those 3 15 min candles at 3988, SL BE + 2. Worth a try I thought could pull back to 4200 with a bit of luck, or could stop me out for 2 pips either way there will be no tears lol

also went long at 13988, SL BE-2.
  • #124,290
  • Mar 2, 2009 11:18am Mar 2, 2009 11:18am
Quoting PipLand
I went long off those 3 15 min candles at 3988, SL BE + 2. Worth a try I thought could pull back to 4200 with a bit of luck, or could stop me out for 2 pips either way there will be no tears lol
Good idea, it is my support (1.3980) and a bullish trigger on M15. Now still the 1st bounce, may reverse up, may down again !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #124,291
  • Mar 2, 2009 11:18am Mar 2, 2009 11:18am
Quoting leu02cz
also went long at 13988, SL BE-2.
Nice one and good luck. But why is your SL at -2 and not +1 or 2 or BE?
  • #124,292
  • Mar 2, 2009 11:18am Mar 2, 2009 11:18am
Quoting Forbes55
I closed all longs now with profit so as you say I'm wrestler now maybe like Mickey Rourke in new film!
Lol. As long as they're green yea. Nice one mate
Thank You
  • #124,293
  • Mar 2, 2009 11:23am Mar 2, 2009 11:23am
looking at the way eg and eu is positioned I now have much more hope for this long!
  • #124,294
  • Mar 2, 2009 11:24am Mar 2, 2009 11:24am
Quoting PipLand
Nice one and good luck. But why is your SL at -2 and not +1 or 2 or BE?



It happened to me quite a few times now, touched my sl then up, so I rather give up 2 pips every time. If it went to the right direction, +2 -2 is the same.
  • #124,295
  • Mar 2, 2009 11:26am Mar 2, 2009 11:26am
maybe I closed too early longs but I don't want to risk much
I'll wait until it returns to today's low and maybe place order again!
ROBOT FOREX
  • #124,296
  • Mar 2, 2009 11:27am Mar 2, 2009 11:27am
Quoting leu02cz


It happened to me quite a few times now, touched my sl then up, so I rather give up 2 pips every time. If it went to the right direction, +2 -2 is the same.
Fair enuff! lets hope this momentum picks up a bit
  • #124,297
  • Mar 2, 2009 11:28am Mar 2, 2009 11:28am
Quoting Forbes55
maybe I closed too early longs but I don't want to risk much
I'll wait until it returns to today's low and maybe place order again!
Yeah i wouldnt recommend placing an order now its too risky from this level
  • #124,298
  • Mar 2, 2009 11:31am Mar 2, 2009 11:31am
Quoting Shilva
I have no idea where cable is going this week but I am thinking the 1st 70 degree spring day in NY the Dow will rally and so will cable....

However, we are expecting a Blizzard on the east coast in the next day or so.

My weather indicator is pointing south...same direction I wish I was going. This long cold winter sucks!
Hay Cablexpert......would this count as a call????
  • #124,299
  • Mar 2, 2009 11:35am Mar 2, 2009 11:35am
Cramer called the Dow bottom about 6 weeks ago and recommended a handful of great shares ..

Since then they are all down hugely

This is no longer a recession

Dow 6840 - down 220 and no bottom in sight

non USD currencies must follow

  • #124,300
  • Mar 2, 2009 12:13pm Mar 2, 2009 12:13pm
Quoting allserene
Cramer called the Dow bottom about 6 weeks ago and recommended a handful of great shares ..

Since then they are all down hugely

This is no longer a recession

Dow 6840 - down 220 and no bottom in sight

non USD currencies must follow
You scared everyone away! lol

The dow looks like it may have found some short term support at the 6800 level, which would be nice as Im still holding cable long
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