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Cable Update (GBPUSD)

  • #159,001
  • Aug 18, 2009 5:24pm Aug 18, 2009 5:24pm
I would hold on to shorts until the MPC Meeting Minutes news comes out at 4:30AM New York Time. Previous numbers came out all positive. Chances are for numbers to come out positive again. But which way it will drag the market to, this is the question.
  • #159,002
  • Aug 18, 2009 5:28pm Aug 18, 2009 5:28pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Very good suggestion to newbie's!

If we see a stark differences in the MPC votes, we could get a sizable move to the UPside driving pound to few hundred pips.




Quoting UncleSam123
I would hold on to shorts until the MPC Meeting Minutes news comes out at 4:30AM New York Time. Previous numbers came out all positive. Chances are for numbers to come out positive again. But which way it will drag the market to, this is the question.
  • #159,003
  • Aug 18, 2009 6:31pm Aug 18, 2009 6:31pm
any one else use metta trader ? can you tell me how to draw trend line it never works on there for me , i know what to do it just will not do it
  • #159,004
  • Aug 18, 2009 7:06pm Aug 18, 2009 7:06pm
BTW, anyone notice the 38 pip gap on Sunday was filled today?
  • #159,005
  • Aug 18, 2009 7:35pm Aug 18, 2009 7:35pm
Looks like the Bulls have Won

But does anyone expect a Sudden Drop of 100 - 300 pips to Clear the Buy

Then it will go up leasurely

May this Crazy thought be Possible ?

TKS
  • #159,006
  • Aug 18, 2009 7:45pm Aug 18, 2009 7:45pm
Short to 6450.
  • #159,007
  • Aug 18, 2009 7:52pm Aug 18, 2009 7:52pm
short from 6550, TP 6420-30
  • #159,008
  • Aug 18, 2009 8:08pm Aug 18, 2009 8:08pm
bear is in the making

from 5 min to 1 hr charts all indicating down

support at 6540 broke
Lets Soar The Sky
  • #159,009
  • Aug 18, 2009 8:14pm Aug 18, 2009 8:14pm
1.651x is better for me entering short
spirit 0f pipping
  • #159,010
  • Aug 18, 2009 8:19pm Aug 18, 2009 8:19pm
touched medium trendline 1.6517
slowing... by looking at the momentum..should break easy


come on japs, get some volume in there
Lets Soar The Sky
  • #159,011
  • Aug 18, 2009 8:53pm Aug 18, 2009 8:53pm
Im short from R1 GREEN TO GREEN T S1 ...thats my plan may jiggle round PPX but see how we go...
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 22 KB
  • #159,012
  • Edited 9:32pm Aug 18, 2009 8:57pm | Edited 9:32pm
what was ur entry? 1.6580?
slow ~~~
Lets Soar The Sky
  • #159,013
  • Aug 18, 2009 9:58pm Aug 18, 2009 9:58pm
  • #159,014
  • Aug 18, 2009 10:06pm Aug 18, 2009 10:06pm
Its very hard to call it here, as there very strong resistance and range potential.

Usually based on strong daily i would go long, but this could be a down day.
  • #159,015
  • Aug 18, 2009 10:13pm Aug 18, 2009 10:13pm
HI Guys and Salam,

Good morning you all,

Wish u all so many pips.

Irfan
[email protected]
  • #159,016
  • Aug 18, 2009 10:25pm Aug 18, 2009 10:25pm
Quoting pakitrader
Todays Day would be celebrated as Bulls day mate.
dont you think there might be a reversal as yesterday was mainly bullish ?
= Sweet To The Beat =
  • #159,017
  • Aug 18, 2009 10:33pm Aug 18, 2009 10:33pm
going short now
  • #159,018
  • Aug 18, 2009 11:06pm Aug 18, 2009 11:06pm
Quoting navhin
going short now

I believe Cable has already given its low for the day 6510.
  • #159,019
  • Aug 18, 2009 11:14pm Aug 18, 2009 11:14pm
Quoting pakitrader
I believe Cable has already given its low for the day 6510.
  • #159,020
  • Aug 18, 2009 11:24pm Aug 18, 2009 11:24pm
Quoting traderfx

It has given it low for todays ok look at the cable now where its heading
mate it looks u r shorts and really if u r short u must have deep pockets to resist
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