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Cable Update (GBPUSD)

  • #224,201
  • May 6, 2010 5:27am May 6, 2010 5:27am
Quoting primzvicious
thats my second target, first target are around 80's... if my sl not touched
Good luck to you include me..
  • #224,202
  • May 6, 2010 5:28am May 6, 2010 5:28am
A lot of posts were extracted from yesterday, but one that I do want to bring to your attention is as follows -
Quoting bbakker
Send a Cleanup Report by clicking http://cdn.forexfactory.com//nfs/sig...pic57027_3.gif on any post! It is in the top-right hand corner on each post. I was not aware of this facility!
If there is a post that is offensive to you or you would like removed, please click on this icon.

This icon is very subtle and not very clear. Enjoy the rest of your day... it is going to be a long one!
  • #224,203
  • May 6, 2010 5:31am May 6, 2010 5:31am
Quoting free4440273
cable is dead traded eur/yen and the Dax instead
well well, cable has woken up!
  • #224,204
  • May 6, 2010 5:31am May 6, 2010 5:31am
Quoting primzvicious
thats my second target, first target are around 80's... if my sl not touched
closed @074... it was too risky after all
Verily, in every difficulties there is relief
  • #224,205
  • May 6, 2010 5:32am May 6, 2010 5:32am
Quoting bbakker
A lot of posts were extracted from yesterday, but one that I do want to bring to your attention is as follows -


If there is a post that is offensive to you or you would like removed, please click on this icon.

This icon is very subtle and not very clear. Enjoy the rest of your day... it is going to be a long one!


keep it up bro

it will be a long day
  • #224,206
  • May 6, 2010 5:32am May 6, 2010 5:32am
Currently I'm building my position in aussie and kiwi, cable can wait I think..
  • #224,207
  • May 6, 2010 5:33am May 6, 2010 5:33am
Concerns by economists that a hung Parliament may roil markets because it would be too weak to fix Britain’s finances have receded this week. The pound has strengthened against its most-active counterparts and gilts are rebounding as traders bet that whichever party takes power will deliver a plan to reduce the deficit.
The pound fell 0.5 percent against the dollar and was at $1.5023 at 8:25 a.m. in London. It advanced to the strongest in nine months against the euro, to 84.87 pence.

http://www.bloomberg.com/apps/news?p...vtvGh76U&pos=9
  • #224,208
  • May 6, 2010 5:34am May 6, 2010 5:34am
Quoting lietuve
Theoretically I agree with you. The problem is here in the US we cannot trade both ways, so one should choose the direction to trade, otherwise you cannot build a longer and bigger position. Picking up the exact bottoms is a very hard thing to do.
So, are you buying cable now?

Lietuve

well im long from 1.5022 not sure whether this is the bottom but it held quite well so far and buyers jumped in at this level.

I just covered 1/2 of my position at 82 for 60 pips, dont have stop on the rest but i will rather add more longs if this goes down...

btw are you originaly from lithuania ?? asking because of your name P)
  • #224,209
  • May 6, 2010 5:39am May 6, 2010 5:39am
btw by traying to pick bottom on euro yesterday i went long at 1.2815 after it spiked down and then was kind of ranging. I was aiming for 1.29 with stop at 1.2785 price kinda went to 50s level and then sold off so i got stopped out during asia....i was asleep so i didint take any partial profits or anything... now im waiting for 1.27 before trying to long...
  • #224,210
  • May 6, 2010 5:39am May 6, 2010 5:39am
Quoting lexazver
well im long from 1.5022 not sure whether this is the bottom but it held quite well so far and buyers jumped in at this level.

I just covered 1/2 of my position at 82 for 60 pips, dont have stop on the rest but i will rather add more longs if this goes down...

btw are you originaly from lithuania ?? asking because of your name P)
That's a smart way to trade - when going against the trend I do the same.
Yes, I am Lithuanian from the US.

Lietuve
  • #224,211
  • May 6, 2010 5:44am May 6, 2010 5:44am
Quoting Carnegie
Anyone seeing this moving up to 1.5150~.5175?
I think 1.5100-1.5150 is a safer area to go short but the U.K election could have short term impact on the pair.
  • #224,212
  • May 6, 2010 5:46am May 6, 2010 5:46am
Quoting lietuve
That's a smart way to trade - when going against the trend I do the same.
Yes, I am Lithuanian from the US.

Lietuve
Lithuanians are everywhere ) I'm oriiginaly Ukrainian but Lived in Lithuania for 13 years (dont speak the language unfortunately though) in Visaginas and now in london for over 10 years.

btw to those who trade gold - central bank of uzbekistan are dumping around 1200 level, they were behind the fall on Tuesday, not sure how much they got left at that particular level but they have loads of gold for sale...
  • #224,213
  • May 6, 2010 5:47am May 6, 2010 5:47am
okay lads. i'm done for the day, that's the last batch of my short positions off the table.

Trades:
1. http://www.forexfactory.com/showpost...postcount=6526
2. http://www.forexfactory.com/showpost...postcount=6534


Good luck to the bravehearts.
tiburones ganará hoy. toros y osos serán muertos. and I want no part of it!
Thank You
  • #224,214
  • May 6, 2010 5:47am May 6, 2010 5:47am
Quoting The Magician
Slammed straight through it. This is a nice morning so far
like i said rest @ 5036
  • #224,215
  • May 6, 2010 5:48am May 6, 2010 5:48am
Quoting lexazver
btw by traying to pick bottom on euro yesterday i went long at 1.2815 after it spiked down and then was kind of ranging. I was aiming for 1.29 with stop at 1.2785 price kinda went to 50s level and then sold off so i got stopped out during asia....i was asleep so i didint take any partial profits or anything... now im waiting for 1.27 before trying to long...
2658 would be my guess for euro
  • #224,216
  • May 6, 2010 5:48am May 6, 2010 5:48am
darn some body started the cleaning

risky but nice hit and run cash the green befor they go red
  • #224,217
  • May 6, 2010 5:52am May 6, 2010 5:52am
052 might be a chance for re-buy if it can hold

gonna consider it
Verily, in every difficulties there is relief
  • #224,218
  • May 6, 2010 5:52am May 6, 2010 5:52am
very predictive moves today

this new indicator is performing better than my tail

http://img514.imageshack.us/img514/4535/cablen.gif
  • #224,219
  • May 6, 2010 5:56am May 6, 2010 5:56am
Quoting forexchequer
Concerns by economists that a hung Parliament may roil markets because it would be too weak to fix Britain’s finances have receded this week. The pound has strengthened against its most-active counterparts and gilts are rebounding as traders bet that whichever party takes power will deliver a plan to reduce the deficit.
The pound fell 0.5 percent against the dollar and was at $1.5023 at 8:25 a.m. in London. It advanced to the strongest in nine months against the euro, to 84.87 pence.

http://www.bloomberg.com/apps/news?p...vtvGh76U&pos=9...


The good news is that history shows that coalition (hung parliament) governments in the UK have been associated with some of the biggest spending cuts of the past century. The bad news is that they've also gone hand-in-hand with some of our worst economic upheavals too.

No positions open at the moment, but it is going to be a rollercoaster ride between now and the election result. Hit and run, Kill stylie, is the order of the day I feel.
  • #224,220
  • May 6, 2010 6:00am May 6, 2010 6:00am
si, los tiburones estan nadando in esos aguas hoy. cuidades todos. que tenga una buena dia!

Quoting wormboy
okay lads. i'm done for the day, that's the last batch of my short positions off the table.

Trades:
1. http://www.forexfactory.com/showpost...postcount=6526
2. http://www.forexfactory.com/showpost...postcount=6534


Good luck to the bravehearts.
tiburones ganará hoy. toros y osos serán muertos. and I want no part of it!
"The real genius is knowing when to stop." - Marc Faber
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