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Cable Update (GBPUSD)

  • #10,801
  • Apr 19, 2007 8:09am Apr 19, 2007 8:09am
stupid question, how much 10am EST is in GMT +2 ?
  • #10,802
  • Apr 19, 2007 8:13am Apr 19, 2007 8:13am
[quote=el_duende;276958]forexmaster55 you say



However one of your rules says



According to my broker 19985 was hit. With spreads to pay you would have been stopped out of the trade[/quote

The lowest I show on the three brokers that I use was 987.

Also, fm55 didnt say if he was using a hard or a soft stop.
Trading Levels with WRBs
  • #10,803
  • Apr 19, 2007 8:19am Apr 19, 2007 8:19am
lol enough about the forexmaster lets get back to business.

Are targets of around 1.9970 to 1.9950 going to hit? Couple more reports from US out a bit later.

Gold is taking a beating at present which may help dollar
  • #10,804
  • Apr 19, 2007 8:24am Apr 19, 2007 8:24am
im short and currently +~50 pips. dont yell at me if im wrong but i think todays dollar day. there havent been many so enjoy if ya can.

Quoting el_duende
lol enough about the forexmaster lets get back to business.

Are targets of around 1.9970 to 1.9950 going to hit? Couple more reports from US out a bit later.
  • #10,805
  • Apr 19, 2007 8:28am Apr 19, 2007 8:28am
Quoting november15th
im short and currently +~50 pips. dont yell at me if im wrong but i think todays dollar day. there havent been many so enjoy if ya can.
Unfortunately, I'm against you on that. But then I haven't got a clue. Good luck.
Do not focus on making money; focus on protecting what you have.
  • #10,806
  • Apr 19, 2007 8:31am Apr 19, 2007 8:31am
hi lol, good luck to you as well. at least i got a little cushion for some pushin at the moment see how long it lasts...
  • #10,807
  • Apr 19, 2007 8:57am Apr 19, 2007 8:57am
5 lots. O/S 5 long open back to break even. Pivot's at 2.
Do not focus on making money; focus on protecting what you have.
  • #10,808
  • Apr 19, 2007 9:02am Apr 19, 2007 9:02am
forexmaster can learn from you Why o why, thats the way to give a tip.
  • #10,809
  • Apr 19, 2007 9:10am Apr 19, 2007 9:10am
Quoting Francois
forexmaster can learn from you Why o why, thats the way to give a tip.
But I hope it doesn't open. It's a bit of insurance for my O/S 5 long with a more balanced SL and TP. I do try and be clear and back things up with the odd chart. But it's just a view and everyone's entitled to their own opinion. Even if they are, IMO, all over the place and make stupid statements. We know who I mean.
Do not focus on making money; focus on protecting what you have.
  • #10,810
  • Apr 19, 2007 9:25am Apr 19, 2007 9:25am
Energy inventory data in 5 mins...any influence on the cable? I don't know fundies all that well and their impact.
  • #10,811
  • Apr 19, 2007 9:36am Apr 19, 2007 9:36am
4 Long O/S at 2.0005.
Quoting Why Oh Why
5 long SL 1.9955 TP 2.0510. I'll exit 1 at a time on the way up. Let's get it on.

http://www.tradingcentral.com/chart/...0419095113.GIF

Do not focus on making money; focus on protecting what you have.
  • #10,812
  • Apr 19, 2007 9:49am Apr 19, 2007 9:49am
Quoting Pipsta
Energy inventory data in 5 mins...any influence on the cable? I don't know fundies all that well and their impact.
Maybe thatīs what helped it bounce away from the 5 min 200 EMA again...fine by me, another 10 pip scalp.

Thereīs the Philly Fed data at 12:00...perhaps thatīll give a bigger move.
Trading Levels with WRBs
  • #10,813
  • Apr 19, 2007 10:35am Apr 19, 2007 10:35am
GU is in recovery mode with the help of GJ. I'll take another 40 pips off the table if we get to 2.0045 in the next hour.
Do not focus on making money; focus on protecting what you have.
  • #10,814
  • Apr 19, 2007 10:39am Apr 19, 2007 10:39am
this 0026 level knows how to irritate me....

If breached, next stop is 0044 mark... Barriers deffended 2.0 big figure nice throughout the day since Asian session.

I'm back skeptical with GU's downside now and we may run choppy until late NYC, when some USD dumping is taking place since Monday.... That might be our call for 0050+. Closing above 0050 is good for bulls.

Although Retail Sales tomorrow is forecast below previous, I suspect it coming out of better than forecast, given the better than f/c CPI. In this case we might go test 0131 once again, before positions exits for weekend...

Damn hard day to trade today.... I had to struggle to get out of this mess alive... bad, bad UJ trades....
  • #10,815
  • Apr 19, 2007 10:42am Apr 19, 2007 10:42am
I myself have got sells on cable 2.0020, euro 1.3605 and Aus 0.8384 from yesterday and today.

Im hoping the Fed data will start a move south. I think it will come at better than 0.2%

and cesarnc today has been a pain in the ass to trade, ive already lost Ģ80 today
  • #10,816
  • Apr 19, 2007 10:46am Apr 19, 2007 10:46am
Let's get going. Philly Fed in 10.

http://www.tradingcentral.com/chart/...0419171606.GIF

Do not focus on making money; focus on protecting what you have.
  • #10,817
  • Apr 19, 2007 10:48am Apr 19, 2007 10:48am
Quoting el_duende
today has been a pain in the ass to trade, ive already lost Ģ80 today
R U?
Do not focus on making money; focus on protecting what you have.
  • #10,818
  • Apr 19, 2007 10:51am Apr 19, 2007 10:51am

Yep I am English almost 5pm over here

  • #10,819
  • Apr 19, 2007 11:10am Apr 19, 2007 11:10am
Quoting Why Oh Why
I'll take another 40 pips off the table if we get to 2.0045 in the next hour.
But it won't hurt me. I'm English el_duende but live elsewhere.
Do not focus on making money; focus on protecting what you have.
  • #10,820
  • Apr 19, 2007 11:10am Apr 19, 2007 11:10am
below exp philly # and still hangin tough. might just call this one a draw whyohwhy
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