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Cable Update (GBPUSD)

  • #214,301
  • Apr 8, 2010 12:47am Apr 8, 2010 12:47am
Quoting cloggie
Took mine at 518 as planned from last night, long 516 now
I'm glad someone on here is thinking what I am thinking. All shorts closed for nice big green pips.

Added long, but not as good as cloggie's @15165, SL @15135, TP @ $2

Bernanke highlights US housing and job market weakness
http://news.bbc.co.uk/1/hi/business/8608313.stm

UK economy set to outpace most G7 peers, says OECD
http://news.bbc.co.uk/1/hi/business/8606499.stm

But that doesn't mean it still can't go down!
  • #214,302
  • Apr 8, 2010 12:49am Apr 8, 2010 12:49am
Quoting bbakker
But that doesn't mean it still can't go down!
Exactly, mine is a bit of a falling knife trade, we'll see.
  • #214,303
  • Apr 8, 2010 12:49am Apr 8, 2010 12:49am
Quoting bbakker
For the Euro that's pants! Not too sure about Sterling!
Last rate decision today before the UK general election so I think that it will be good news for UK, so I am expecting it to go up
  • #214,304
  • Apr 8, 2010 12:52am Apr 8, 2010 12:52am
Quoting bbakker
But that doesn't mean it still can't go down!
I don't know what I mean with the above, but what I am trying to say is that we could break the wedgie and head further down
  • #214,305
  • Apr 8, 2010 12:52am Apr 8, 2010 12:52am
You guys really think of another ranging day ? you don't expect a breakout downside ?
COT: The precious data ignored
  • #214,306
  • Apr 8, 2010 12:53am Apr 8, 2010 12:53am
Quoting cloggie
Exactly, mine is a bit of a falling knife trade, we'll see.
That's why I am only putting half of my usual stake on this!

Sheeeet, I am late for work. Thank god the Manager is on his hols today!
  • #214,307
  • Apr 8, 2010 12:55am Apr 8, 2010 12:55am
Quoting kuroro001
You guys really think of another ranging day ? you don't expect a breakout downside ?
Anything can happen in this game. Expect the unexpected and cater for it!

There is a big battle between the longs and the shorts now. Eventually the volume will be exhausted and there will be one clear winner! I'm hoping the longs win it!
  • #214,308
  • Apr 8, 2010 12:55am Apr 8, 2010 12:55am
Quoting kuroro001
You guys really think of another ranging day ? you don't expect a breakout downside ?
my intraday target 1.5050
  • #214,309
  • Apr 8, 2010 12:56am Apr 8, 2010 12:56am
Quoting kuroro001
You guys really think of another ranging day ? you don't expect a breakout downside ?
Time will tell, if it does break to the downside I will enter short and close this long with a loss, if it goes to the top I may well have the best entry. Can afford to play with a few dozens pips here after that run down from last night.
  • #214,310
  • Apr 8, 2010 12:56am Apr 8, 2010 12:56am
I'm not going in full until after the news and allow for a bit of retrace or continuation. I may put some in if it goes back down to the peak, but I'll refrain from greed and be happy with 90 pips instead of 100
  • #214,311
  • Apr 8, 2010 12:56am Apr 8, 2010 12:56am
Quoting Skyhawks
Mind me asking where you set your SL to be?
Took same trade at 1.5164 Hard and Tight s.l at 1.5143.
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #214,312
  • Apr 8, 2010 1:02am Apr 8, 2010 1:02am
Quoting bbakker
Anything can happen in this game. Expect the unexpected and cater for it!

There is a big battle between the longs and the shorts now. Eventually the volume will be exhausted and there will be one clear winner! I'm hoping the longs win it!
Our trackrecord for anticipating big swings can only improve after yesterday.

Key resistance at 5175
  • #214,313
  • Apr 8, 2010 1:04am Apr 8, 2010 1:04am
Quoting cloggie
Our trackrecord for anticipating big swings can only improve after yesterday.

Key resistance at 5175
We won the 1st battle, but as you say next one is here!

I really have to go to the office now
  • #214,314
  • Apr 8, 2010 1:04am Apr 8, 2010 1:04am
morning ppl!
wish mooooore green pips than last night!

good news! goin up!

cheers!
... feel better day by day.
  • #214,315
  • Apr 8, 2010 1:05am Apr 8, 2010 1:05am
Quoting bbakker
We won the 1st battle, but as you say next one is here!

I really have to go to the office now

WE have to go up, there is no room left on the bottom of my chart.
  • #214,316
  • Apr 8, 2010 1:06am Apr 8, 2010 1:06am
news coming next 20mins ，could choose north or south～～
  • #214,317
  • Apr 8, 2010 1:06am Apr 8, 2010 1:06am
CLose long@518. ...Looks resistant there, break will look for new long@520
  • #214,318
  • Apr 8, 2010 1:07am Apr 8, 2010 1:07am
Quoting omiunu
Took same trade at 1.5164 Hard and Tight s.l at 1.5143.
S.L MOVED TO 1.5164
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #214,319
  • Apr 8, 2010 1:07am Apr 8, 2010 1:07am
Forecast and actual.
Same support line, 600ema 30m chart.

We have confirmed short side on m30 now, so a retrace to 200ema on m30 is expected, if we can hold below, we have a lot more down to go.

Red circle on chart 2 current target area if we hold support for topside break.
Attached Image(s) (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #214,320
  • Apr 8, 2010 1:08am Apr 8, 2010 1:08am
Quoting omiunu
S.L MOVED TO 1.5164
Put mine to BE
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