Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#129,421
Apr 9, 2009 10:47am Apr 9, 2009 10:47am

BANDA
| Joined Nov 2006 | Status: Trader | 688 Posts

as most of the traders were long............before they were to go home they made money by ruing down lot of STOPS................they made money for at the expense of all the poor traders..............I heard from somebody this could be a long stop hunting move.................. take care guys these vulture may eat all of us.............

Quoting riggster

Disliked

What do you mean ran down stop Banda?

Ignored

BANDA333

#129,422
Apr 9, 2009 10:50am Apr 9, 2009 10:50am

personalme
| Joined Jan 2008 | Status: a small step to the future | 560 Posts

Quoting EricB

Disliked

I would ideally sit tight till it reaches 1.478 and establishes an uptred. Has to touch lower before it gets that high though. Lets see if she'll break 1.4458 .

Ignored

You must be an intraday/ daily trader. Few minutes ago I was waiting 1.4700 for a correction and will took another short trade. At least your 80 target won't be reached today IMO.

Now the question is: On what price it will stop fall? This 1.4600 round number play well for a moment. But, with few more hours holliday, more bear on the street will be seen. Just my opinion though.

Manage your risk accordingly and you're half done your home work.

#129,423
Apr 9, 2009 10:51am Apr 9, 2009 10:51am

ubaidahsan
| Joined Jun 2007 | Status: Still Learning :) | 1,203 Posts

Quoting kropfx

Disliked

well, i hope ur longs are really short term and for a small profit. just be safe.

Ignored

waiting for good price then i will lock my trade again...

Ub

#129,424
Apr 9, 2009 10:53am Apr 9, 2009 10:53am

riggster
| Joined Sep 2008 | Status: A rough road leads to the stars. | 356 Posts

Quoting BANDA

Disliked

as most of the traders were long............before they were to go home they made money by ruing down lot of STOPS................they made money for at the expense of all the poor traders..............I heard from somebody this could be a long stop hunting move.................. take care guys these vulture may eat all of us.............

Ignored

Wow! So you say they took huge short positions to drive the price down and take out all the long stops??

#129,425
Apr 9, 2009 10:55am Apr 9, 2009 10:55am

EricB
| Joined Mar 2009 | Status: Trader | 326 Posts

Quoting personalme

Disliked

You must be an intraday/ daily trader. Few minutes ago I was waiting 1.4700 for a correction and will took another short trade. At least your 80 target won't be reached today IMO.

Now the question is: On what price it will stop fall? This 1.4600 round number play well for a moment. But, with few more hours holliday, more bear on the street will be seen. Just my opinion though.

Ignored

I have no targets for 1.478 - I was just advising the gentleman here not take any longs until it reaches that value with a firm uptrend. I've been short since 1.48 and in line with Micho's opinion that it will go further down. Hoping it will break 1.458 today and atleast reach 1.455. But depends as you say on how strong bears are.

#129,426
Apr 9, 2009 11:01am Apr 9, 2009 11:01am

EricB
| Joined Mar 2009 | Status: Trader | 326 Posts

Quoting riggster

Disliked

Wow! So you say they took huge short positions to drive the price down and take out all the long stops??

Ignored

Short covering by institutional traders - has messed me over many a times Banda - I hate it as much as you do!!

#129,427
Apr 9, 2009 11:04am Apr 9, 2009 11:04am

kropfx
| Joined Dec 2007 | Status: Trader | 26 Posts

SO, WHATS NEXT???

#129,428
Apr 9, 2009 11:06am Apr 9, 2009 11:06am

EricB
| Joined Mar 2009 | Status: Trader | 326 Posts

Quoting kropfx

Disliked

SO, WHATS NEXT???

Ignored

Lower hopefully! we will know in 3 hours before closing bell.

#129,429
Apr 9, 2009 11:07am Apr 9, 2009 11:07am

personalme
| Joined Jan 2008 | Status: a small step to the future | 560 Posts

Quoting kropfx

Disliked

SO, WHATS NEXT???

Ignored

Turn off your PC?

Manage your risk accordingly and you're half done your home work.

#129,430
Apr 9, 2009 11:10am Apr 9, 2009 11:10am

Bull_Bear
Joined Mar 2009 | Status: FX | 3,789 Posts

Quoting kropfx

Disliked

SO, WHATS NEXT???

Ignored

here it is again. Price has broken out of the rectangle consolidation. 4hr cosed below the breakout.

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Veni, Vidi, Vici (We came, we saw, we conquered)

#129,431
Apr 9, 2009 11:18am Apr 9, 2009 11:18am

EricB
| Joined Mar 2009 | Status: Trader | 326 Posts

I reckon it may break 1.458 mark and next target 1.455. Lets hope - Eur/USD and cable divergence has developed again roughly around 50 pips so may go down again.

#129,432
Apr 9, 2009 11:20am Apr 9, 2009 11:20am

kapak
| Joined Apr 2009 | Status: Trader | 11 Posts

hello... i'm newbies from Malaysia

kapak semakin tajam

#129,433
Apr 9, 2009 11:52am Apr 9, 2009 11:52am

riggster
| Joined Sep 2008 | Status: A rough road leads to the stars. | 356 Posts

Hey Abu, How was your day?

What are your thoughts for next week? Do you think we will see a move below 1,440 ?

#129,434
Apr 9, 2009 12:38pm Apr 9, 2009 12:38pm

personalme
| Joined Jan 2008 | Status: a small step to the future | 560 Posts

Well, we all wrong then except ubaidahsan. It proves everybody is equal in the eye of the market.

Manage your risk accordingly and you're half done your home work.

#129,435
Apr 9, 2009 12:46pm Apr 9, 2009 12:46pm

EricB
| Joined Mar 2009 | Status: Trader | 326 Posts

Quoting personalme

Disliked

Well, we all wrong then except ubaidahsan. It proves everybody is equal in the eye of the market.

Ignored

Im going to try and stick by my theory. When you have such a sharp move down there is always a correction and a chance to scalp. Everyone advised not to go long at that point but scalping is another story.

#129,436
Apr 9, 2009 12:51pm Apr 9, 2009 12:51pm

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

This is no business for speculating. I hope the new traders do not follow some of the bogus analysis posted up, god help you if you did.
As I've said since Monday, there is no clear direction. And there is still none, so some of you who think you know how, might want to stop guessing, it's not worth the hard earned money.
If you scalp, good for you, this is definitely your hunting ground, easy pickings

Anyone still looking to short, you need 4650 to clear before it could be called.
Everything up till now that's being going on, is almost a mirror of yesterday, look closely.
So either you scalp, or just stay out. Good luck & enjoy your holidays fellas.

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Thank You

#129,437
Apr 9, 2009 1:02pm Apr 9, 2009 1:02pm

ubaidahsan
| Joined Jun 2007 | Status: Still Learning :) | 1,203 Posts

Quoting EricB

Disliked

Im going to try and stick by my theory. When you have such a sharp move down there is always a correction and a chance to scalp. Everyone advised not to go long at that point but scalping is another story.

Ignored

i agree with you i was thinking for long but when i read everyone comments and analysis all previous record so i locked my trade but i thing i made mistake if i counter that one so far my both trades will b clear but better luck next time now again waiting for good time then will decide to go long or short...

Ub

#129,438
Apr 9, 2009 1:05pm Apr 9, 2009 1:05pm