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Cable Update (GBPUSD)

  • #178,461
  • Oct 23, 2009 12:32am Oct 23, 2009 12:32am
Quoting mloistianto
Try not to picking the top mate..
thanx i'll try
  • #178,462
  • Oct 23, 2009 12:36am Oct 23, 2009 12:36am
Quoting mloistianto
adding small lot 0.1 to long here @1.6639..
Hmm. I wonder where i should put my tp?? I always have trouble with putting my tp over my trade. Always want more than my target.. infact, i dont have target at all. sigh. its always become one of my problem.

I'm targeting around 700-750 area. any help?
  • #178,463
  • Oct 23, 2009 12:38am Oct 23, 2009 12:38am
Its now for bull parties will end soon in less than 1.5 hrs......

Come..push higher n higher as I will chop all those things step by step

Just another 25 pips from my Last Long target of 6710...

Anyway am still in my resting mode for Nov trade atm.....just having some fun by looking at my sell limit of 6680/6700/6720..going through

For GY 153/153.30/153.50

1 each already turn on....just my 25 sen

Good luck to all
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  • #178,464
  • Oct 23, 2009 12:39am Oct 23, 2009 12:39am
I am long. since the 18th. Not going short until at least...
Reasoning.

These are HIGH TF chart observations.

Don't get killed on shorts YET. I am sure many have only to see breakthrough of resistance.
PLUS LDN open Selling was not as strong as past 2 sessions.

Quoting cesararr
acording to 1h , is long way to confirm short singal.


im right?

thanks.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #178,465
  • Oct 23, 2009 12:40am Oct 23, 2009 12:40am
  •  sloof
  • | Joined Apr 2009 | Status: Birejji (ビレッジ) ►FOREX◄ | 141 Posts
Quoting Islander
A nice post by Eulogy - I couldn't have put it better - thanks E http://cdn.forexfactory.com/images/icons/icon7.gif

[i]I'm cautioning everyone be careful here. Games are being played here as in about 4.5 hours time there's gonna be a huge wild card being played. If the GDP figure comes out positive then we'll have some justification for the recent surge in the GBP. If it comes out slightly negative do not be surprised that the GBP takes a quick tumble. If it comes out below the previous -0.6% then expect Cable to take a massive hit possibly...
I don't think it's likely to be lower than -0.6%. If you look at historical data, if the predicted is positive the actual has always been positive and vice versa. This also means that IF the ACTUAL IS LOWER THAN -0.6% this is very very very bad for the pound! It's so bad that we could see as low as 1.5650 very soon in my opinion.
  • #178,466
  • Oct 23, 2009 12:41am Oct 23, 2009 12:41am
Not trying to pick a top but this is interesting. Currently waiting for the gdp release.
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  • #178,467
  • Oct 23, 2009 12:44am Oct 23, 2009 12:44am
Quoting mloistianto
Hmm. I wonder where i should put my tp?? I always have trouble with putting my tp over my trade. Always want more than my target.. infact, i dont have target at all. sigh. its always become one of my problem.

I'm targeting around 700-750 area. any help?
Who cares about TP lol. Just got out @ 1.6678 from 1.6639 GREEN 39 PIPs..
  • #178,468
  • Oct 23, 2009 12:44am Oct 23, 2009 12:44am
I am not saying cable will not retrace...
BUT,
I learned the hard way...

Look at cable reversal on H2.

Next chart fibre daily.. WHY fight something like that?

You could have been long fibre for days. After 200 pip confirmation
Sit back and enjoy the ride.

Why is everyone dying to short???

Quoting seliverstov8
very sad but truth
another (4) depo fail
now demo n study again
think i lost somthing very important on my trades... oh yeah, the trend ! that is it

ohh.... my bucks...
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #178,469
  • Oct 23, 2009 12:51am Oct 23, 2009 12:51am
7040 nice to short
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #178,470
  • Oct 23, 2009 12:53am Oct 23, 2009 12:53am
Quoting sloof
I don't think it's likely to be lower than -0.6%. If you look at historical data, if the predicted is positive the actual has always been positive and vice versa. This also means that IF the ACTUAL IS LOWER THAN -0.6% this is very very very bad for the pound! It's so bad that we could see as low as 1.5650 very soon in my opinion.
about if the actual is more than forecast, that will be a signal to go long whit more confidence?

thanks
  • #178,471
  • Oct 23, 2009 12:56am Oct 23, 2009 12:56am
That is more reasonable.

we are now only 20 pips from 6700.

If resistance becomes support once again on these two pairs,
6800 is in target.

Just a thought.

Also just the other day we spoke of DRAGON @ 150 ! Look at the beast now! NICE!

---cable---
IMO 6700 will happen. retrace - then more long stackers.
Days outlined

DRAGON M10 below


Quoting Yngwie
7035/49 nice to short
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #178,472
  • Oct 23, 2009 12:57am Oct 23, 2009 12:57am
  •  sloof
  • | Joined Apr 2009 | Status: Birejji (ビレッジ) ►FOREX◄ | 141 Posts
Quoting cesararr
about if the actual is more than forecast, that will be a signal to go long whit more confidence?

thanks
not necessarily, GU is approaching major resistance at 1.6740ish. It looks as though if it turns out to be higher than predicted the effect could already be priced in by the time the news comes out. I'd say GU will either fall or stay relatively flat (after the initial common news related spikes).
  • #178,473
  • Oct 23, 2009 1:05am Oct 23, 2009 1:05am
WHY it refuse to go down!! is it one way train!!
I don't see any sign for drop,ARE we going to 1.7040
Does the UK economy suddenly became very strong??? why all this Buy!
Below my daily chart
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  • #178,474
  • Oct 23, 2009 1:11am Oct 23, 2009 1:11am
Many MAJOR resistances have been broken.

Now unless looking at daily the sky is the limit. retrace, may just be met with more buyers.

We'll see.
Night all,
GOOD LUCK!

Quoting egkid
WHY it refuse to go down!! is it one way train!!
I don't see any sign for drop,ARE we going to 1.7040
Does the UK economy suddenly became very strong??? why all this Buy!
Below my daily chart
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #178,475
  • Oct 23, 2009 1:18am Oct 23, 2009 1:18am
Quoting sloof
not necessarily, GU is approaching major resistance at 1.6740ish. It looks as though if it turns out to be higher than predicted the effect could already be priced in by the time the news comes out. I'd say GU will either fall or stay relatively flat (after the initial common news related spikes).

I wonder how many remember the old traders saying "Buy the rumour, Sell the fact"......
Trading Levels with WRBs
  • #178,476
  • Oct 23, 2009 1:24am Oct 23, 2009 1:24am
Gu may tank,
enought for long know its time to short
1.6200
again next week
Don't compare your Trades with Others
  • #178,477
  • Oct 23, 2009 1:27am Oct 23, 2009 1:27am
me thinks its quite nervious ... its like cathch the lucky tail bro, right now, just right now, its gonna be your lucky day, it reverse in 5 min, somebody will buy buck n s**t will reverse ! n that news its important more than news before it will revers trend, for sure...

n thats how it goes to bankruopt
there is absolutly no reason to think to myself some reasons to do countertrand trade, but i did it n it gave me big kick-ass
so like i said earlier captain obvious :nerd: willl save us

Quoting XTrade
Why is everyone dying to short???

me lerning the hard way too like you can see
but is it real to learn not the hard way & methinks not, so i wount giveup
n i will do bucks on it sooner or later
now its time to test all the fings i do wrong n find the right way to dig in ) smthg like trend trade ) lol
  • #178,478
  • Oct 23, 2009 1:29am Oct 23, 2009 1:29am
Morning all,

Bit fed up with myself today, been stalling getting into the trade as we are awaiting the news in a few minutes, was going to short right at the top and thought better of it, of course if I had I could have taken off the table by now...will have to wait!
  • #178,479
  • Oct 23, 2009 1:31am Oct 23, 2009 1:31am
Haha!

Should have shorted at the top!

More impressive than NFP!
  • #178,480
  • Oct 23, 2009 1:32am Oct 23, 2009 1:32am
Quoting DubaiFX
Gu may tank,
enought for long know its time to short
1.6200
again next week

as i posted before the news its time to short know

haha 150 pips in 2 minuts
amazing
Don't compare your Trades with Others
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