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Cable Update (GBPUSD)

  • #158,681
  • Aug 18, 2009 7:38am Aug 18, 2009 7:38am
Quoting albchr
I'm still looking for that short order too buddy...
Wait for the top of the market bro.... I wouldn't jump in short now. Keep my short @ 1.6480.

DAme thing will waffle around 1.6400 and 1.6480 to it hits real sellers at the top end.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,682
  • Aug 18, 2009 7:39am Aug 18, 2009 7:39am
And what now. The downtrend started with positive news for gbp?
I am back. Actually, I never left...
  • #158,683
  • Aug 18, 2009 7:42am Aug 18, 2009 7:42am
Quoting Bull_Bear
Wait for the top of the market bro.... I wouldn't jump in short now. Keep my short @ 1.6480.

DAme thing will waffle around 1.6400 and 1.6480 to it hits real sellers at the top end.
...yep....
Ghost Rider - WWTBMD?
  • #158,684
  • Aug 18, 2009 7:43am Aug 18, 2009 7:43am
Quoting taragula
And what now. The downtrend started with positive news for gbp?
I still can't fully understand the market reaction to news, technically it should have been to the other side...but well, I've earned some pips with this one...
  • #158,685
  • Aug 18, 2009 7:45am Aug 18, 2009 7:45am
I'm out of my short from 1.6395 -40pips .... waiting on 1.6480 now
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,686
  • Aug 18, 2009 7:45am Aug 18, 2009 7:45am
Quoting maurofx
I still can't fully understand the market reaction to news, technically it should have been to the other side...but well, I've earned some pips with this one...
I Still holding my BUY i think its up
  • #158,687
  • Aug 18, 2009 7:46am Aug 18, 2009 7:46am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Markets have advanced with this downtrend/recession...
Lot of people have lost money and more have made...

we have a big news on the 20th, jobless claims, V imp...it might not move much until then as we have seen as well in the past...these markets are controlled.

Might move the opposite direction. I could be wrong, want to be wrong, as closed my long at 64750 , and waiting for short now :-)
  • #158,688
  • Aug 18, 2009 7:48am Aug 18, 2009 7:48am
I short @ 6470 and made profit of 32 pips. Closed it now. could not hold it longer. Blame my weak heart ....LOL

Thank guys

best of luck to all

A
Forex success = Patience + Leverage
  • #158,689
  • Aug 18, 2009 7:48am Aug 18, 2009 7:48am
Whao! what a day!,got series of cable shorts and the chicken seems to wanna fly north.Oh lord,send me some heavenly hugs,I need to see this cable go down!
  • #158,690
  • Aug 18, 2009 7:48am Aug 18, 2009 7:48am
Quoting Islander
I took it at 6475 - also the fib 61.8 level - small size in front of the news - I'll add if it goes higher.....
exited the last part ~ the 6425 level - now to see how far it bounces.....
Trading Levels with WRBs
  • #158,691
  • Aug 18, 2009 7:49am Aug 18, 2009 7:49am
Quoting GlobalMacro
I've established short position around 1.6459 on the retest of the lower side of the previous, now abandoned congestion zone...
Nothing has changed yet...shorts still in play from 1.6459s...
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Hear the music before the song is over ...
  • #158,692
  • Aug 18, 2009 7:51am Aug 18, 2009 7:51am
Quoting Bull_Bear
I'm out of my short from 1.6395 -40pips .... waiting on 1.6480 now
BB WHY U CLOSED ?
  • #158,693
  • Aug 18, 2009 7:51am Aug 18, 2009 7:51am
Quoting pakitrader
I Still holding my BUY i think its up
Don't know...I'm just watching now...15m and 30m charts throw me bearish signals...anyway I'll wait until things calm down a little bit...
  • #158,694
  • Aug 18, 2009 7:54am Aug 18, 2009 7:54am
Quoting GlobalMacro
Nothing has changed yet...shorts still in play from 1.6459s...
I'm with you on short bro, nothing has changed for me too, instead off holding on a 1.6395 loser, and waiting for a 2nd to hit at 1.6480, I've cut that off and set 2 lots on top.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,695
  • Aug 18, 2009 7:58am Aug 18, 2009 7:58am
Quoting Bull_Bear
I'm with you on short bro, nothing has changed for me too, instead off holding on a 1.6395 loser, and waiting for a 2nd to hit at 1.6480, I've cut that off and set 2 lots on top.
I hear you, bro...
Hear the music before the song is over ...
  • #158,696
  • Aug 18, 2009 7:59am Aug 18, 2009 7:59am
Well it was on 1.6475, maybe that"s it and it aint touchin 1.648. This is also possible, or isn"t? Anyway i am in from 1.6444.
I am back. Actually, I never left...
  • #158,697
  • Aug 18, 2009 8:00am Aug 18, 2009 8:00am
Quoting Faryad
BB WHY U CLOSED ?
Just resetting my positions Bro... Nothing has changed for me on the short view.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,698
  • Aug 18, 2009 8:04am Aug 18, 2009 8:04am
Do you guys think that i exaggerat if I think it will go for psyholocigal level at 1.6000 this or maybe next week.?? And then beyond that level.

BB what do you think?
I am back. Actually, I never left...
  • #158,699
  • Aug 18, 2009 8:04am Aug 18, 2009 8:04am
Quoting Bull_Bear
Just resetting my positions Bro... Nothing has changed for me on the short view.
GOOD LUCK TO U BB
  • #158,700
  • Aug 18, 2009 8:06am Aug 18, 2009 8:06am
does any body agree that the currency will drop to 1.6320?
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