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Cable Update (GBPUSD)

  • #158,521
  • Aug 18, 2009 2:55am Aug 18, 2009 2:55am
Quoting zameer
still not buddy !!
why not?
Thank You
  • #158,522
  • Aug 18, 2009 2:57am Aug 18, 2009 2:57am
any news traders what is you'r openion, just getting started here i believe what i read said usually a 50 pip move the article also favored selling, please give opinion
  • #158,523
  • Aug 18, 2009 2:58am Aug 18, 2009 2:58am
Quoting wormboy
why not?
WORMIE AM SCARED
  • #158,524
  • Aug 18, 2009 3:05am Aug 18, 2009 3:05am
Quoting wormboy
why not?
mean to say i still not short cable although i wana made ........
  • #158,525
  • Aug 18, 2009 3:05am Aug 18, 2009 3:05am
wormboy what happens to the chart if the GBP CPI value is positive
  • #158,526
  • Aug 18, 2009 3:07am Aug 18, 2009 3:07am
Hey Folks. WE got news coming out in 24 minutes. Most likely number is going to come out positive for CPI y/y. Will it be good or bad for the dollar?
  • #158,527
  • Aug 18, 2009 3:08am Aug 18, 2009 3:08am
Quoting Faryad
WORMIE AM SCARED
lol I'm short.
you trading bro?
Thank You
  • #158,528
  • Aug 18, 2009 3:09am Aug 18, 2009 3:09am
Quoting wormboy
lol I'm short.
you trading bro?
why short?
  • #158,529
  • Aug 18, 2009 3:09am Aug 18, 2009 3:09am
Quoting navhin
wormboy what happens to the chart if the GBP CPI value is positive
no idea navhin. I don't waste my time interpreting news. I don't move the market. Just follow the money
Thank You
  • #158,530
  • Aug 18, 2009 3:10am Aug 18, 2009 3:10am
uncle sam if the value is positive it is good for gbp thus making gbp/usd currency going up by making the US dollar weak
  • #158,531
  • Aug 18, 2009 3:11am Aug 18, 2009 3:11am
Quoting wormboy
lol i'm short.
You trading bro?
nah waiting for a good position
  • #158,532
  • Aug 18, 2009 3:12am Aug 18, 2009 3:12am
Quoting wormboy
no idea navhin. I don't waste my time interpreting news. I don't move the market. Just follow the money
at wat value u short Womi and wat is ur stop loss
  • #158,533
  • Aug 18, 2009 3:14am Aug 18, 2009 3:14am
the value of CPI is most probably going to be 1.5%
  • #158,534
  • Aug 18, 2009 3:15am Aug 18, 2009 3:15am
Currently some hidden divergence on the 1hr t/f as seen on screenshot below....at the previous 4hr swing low=previous support=potential sbr zone shown in pic in previous post. Price however is in a n uptrend to the 30min chart and any selling is currently meeting support around the 23.6% fib of the move up from yesterday's lows at 6271 to today's current 6413 hi.

Uk data due at 0830am gmt may have a bearing on immediate near term direction of the pairing.

G/L

http://i26.tinypic.com/20hpttw.gif
ex member
  • #158,535
  • Aug 18, 2009 3:16am Aug 18, 2009 3:16am
Quoting navhin
uncle sam if the value is positive it is good for gbp thus making gbp/usd currency going up by making the US dollar weak
Not always bro. Sometimes news comes out with positive numbers and market goes down. Or news comes out with negative numbers and market goes up.
  • #158,536
  • Aug 18, 2009 3:16am Aug 18, 2009 3:16am
Quoting pakitrader
I SEE ....
15 pip stop? lol you and me are at opposite ends where risk exposure is concerned. I can respect that, since no one trades the same way.
Welp, I'm already selling. Chart below shows why.

Anyway, good luck to you .... and me!
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.JPG Size: 79 KB
Thank You
  • #158,537
  • Aug 18, 2009 3:17am Aug 18, 2009 3:17am
Quoting zameer
at wat value u short Womi and wat is ur stop loss
here's the trade:
http://www.forexfactory.com/showpost...postcount=2444

It's only 1usd/pip trade. The wide stoploss is no issue because of this
Thank You
  • #158,538
  • Aug 18, 2009 3:18am Aug 18, 2009 3:18am
Hi all,Any tots on Cable movement before and after news data release?
  • #158,539
  • Aug 18, 2009 3:20am Aug 18, 2009 3:20am
Quoting wormboy
15 pip stop? lol you and me are at opposite ends where risk exposure is concerned. I can respect that, since no one trades the same way.
Welp, I'm already selling. Chart below shows why.

Anyway, good luck to you .... and me!
Best of luck .. well she have to fall deep this time
  • #158,540
  • Aug 18, 2009 3:21am Aug 18, 2009 3:21am
Quoting wormboy
15 pip stop? lol you and me are at opposite ends where risk exposure is concerned. I can respect that, since no one trades the same way.
Welp, I'm already selling. Chart below shows why.

Anyway, good luck to you .... and me!
Dear worm boy i wish u best of luck but i don't prefer to enter before news.

Just waiting for news.
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