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Cable Update (GBPUSD)

  • #224,901
  • May 7, 2010 12:44am May 7, 2010 12:44am
Quoting fivedollar
what if there's no rally? :-)

I'm opened to going long near support levels with tight SL just for today.
Its getting abit overdone me thinks. But yes, selling rallies is the best course of action in general.

I would not count on being done, the last Labour win gave us a 900 pip drop, albeit not at once. The City does not like Labour and indecision, Tories may have won the popular vote, but a hung parliament is not going to do them any favours with the market.
  • #224,902
  • May 7, 2010 12:44am May 7, 2010 12:44am
  •  Ainks
  • | Joined Feb 2010 | Status: Just trade for money... | 9 Posts
Quoting cloggie
This is like taking candy of a baby. The further away David stays from his 326 majority, the lower we go. I will enjoy a hung parliament for one day and will start the b!tching after London close later today....
reuters forecast says 309 for conservative & 258 for labour... so it'll be a hung parliament...

will GU down to 1.41xx ?
  • #224,903
  • May 7, 2010 12:45am May 7, 2010 12:45am
Quoting forexlion
never wish for a few dollars at the cost of millions loosing jobs, wish for something better
It's not my fault. It's sad that it hits Joe Average in the end.
  • #224,904
  • May 7, 2010 12:45am May 7, 2010 12:45am
Quoting fivedollar
what if there's no rally? :-)

I'm opened to going long near support levels with tight SL just for today.
Its getting abit overdone me thinks. But yes, selling rallies is the best course of action in general.

so far in asia i did 90 up and 280 down ... just hopping in and out and with volatility off the charts I should be happy and call it a week..

it may break down but ftse has one hell of a gap to close so I want to see what happens there
could be enough to take gu back up 100 pip or not
Blogging daily now at www.volume.zone
  • #224,905
  • May 7, 2010 12:46am May 7, 2010 12:46am
It is a lovely day to trade Cable... Good day to everyone, happy pipping?!!!
  • #224,906
  • May 7, 2010 12:46am May 7, 2010 12:46am
yeah as I mentioned before, getting my ass kicked a few years ago made me feel like I was born for this action! did great today!!!

Quoting malcolmb14
we should be humble and be thankful we made pips , those trying to catch a bottom are likely getting battered ....this is why I tried to do a couple of posts thru that trade to talk other thru it

I bet many an account has been made and lost today
"The real genius is knowing when to stop." - Marc Faber
  • #224,907
  • May 7, 2010 12:46am May 7, 2010 12:46am
http://img682.imageshack.us/img682/8048/27214000.gif

source: BBC
  • #224,908
  • May 7, 2010 12:48am May 7, 2010 12:48am
Quoting malcolmb14
we should be humble and be thankful we made pips , those trying to catch a bottom are likely getting battered ....this is why I tried to do a couple of posts thru that trade to talk other thru it

I bet many an account has been made and lost today

Thats great....Thats a pitty. I have been at work till now missed all the action.
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #224,909
  • May 7, 2010 12:49am May 7, 2010 12:49am
yeah when you see price loitering around suspiciously after that nice break of 4710 and down move, it makes one feel as if perhaps discretion is the better part of valor at this point...

Quoting malcolmb14
so far in asia i did 90 up and 280 down ... just hopping in and out and with volatility off the charts I should be happy and call it a week..

it may break down but ftse has one hell of a gap to close so I want to see what happens there
could be enough to take gu back up 100 pip or not
"The real genius is knowing when to stop." - Marc Faber
  • #224,910
  • May 7, 2010 12:50am May 7, 2010 12:50am
Quoting forexlion
http://img682.imageshack.us/img682/8048/27214000.gif

source: BBC
74 seats left, Cons need 50 to win.... Hmmmmmmmm
Back to basics, it has to be for me!
  • #224,911
  • May 7, 2010 12:50am May 7, 2010 12:50am
Did anyone see this bit of news last night....

Major US bank had an order to sell $15 mln of S&P e-mini contracts. Accidentally sold $15 bln...…whoops!
Trading Levels with WRBs
  • #224,912
  • May 7, 2010 12:51am May 7, 2010 12:51am
Quoting Islander
Did anyone see this bit of news last night....

Major US bank had an order to sell $15 mln of S&P e-mini contracts. Accidentally sold $15 bln...…whoops!
lol, yeah man. could be BS but either way but a day..
  • #224,913
  • May 7, 2010 12:52am May 7, 2010 12:52am
Finding the right entry short I find a bit tricky as all my indis indicate I should have been in long time ago Might move down to the 1m and get a short entry that way
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #224,914
  • May 7, 2010 12:52am May 7, 2010 12:52am
2AM here and I just woke up to my alerts going off. I now see I just missed the boat again!!!
Cloggie, I'm sure your able to purchase a small island by now!How long do you think this retrace will last?
  • #224,915
  • May 7, 2010 12:52am May 7, 2010 12:52am
I was wondering if anyone has any opinions about the Euro/usd at this point. it seems as if it feels like it's the "well behaved child" today after GBP has got all the attention... but I don't think it's such a great kid either... anyone think it's reached a bottom, or is it in for more bloodbath?
"The real genius is knowing when to stop." - Marc Faber
  • #224,916
  • May 7, 2010 12:53am May 7, 2010 12:53am
Quoting Jns
Finding the right entry short I find a bit tricky as all my indis indicate I should have been in long time ago Might move down to the 1m and get a short entry that way
might want to give it 30 mins or so at least till FO...I NEVER trade 1 m charts but that's just me
  • #224,917
  • May 7, 2010 12:54am May 7, 2010 12:54am
Quoting BadTradingFi
74 seats left, Cons need 50 to win.... Hmmmmmmmm
if conservatives win, we go back to where we started this week the week open
  • #224,918
  • May 7, 2010 12:54am May 7, 2010 12:54am
Quoting Ineedpips9
2AM here and I just woke up to my alerts going off. I now see I just missed the boat again!!!
Cloggie, I'm sure your able to purchase a small island by now!How long do you think this retrace will last?

I've been trading through the night, have not stopped since 6am yesterday morning...

This last drop is finished here and she is building a retrace, for how long? I don't even want to start a guess with the election results hanging over her. Franky opens in 6 minutes and I am sure they want their share too.
  • #224,919
  • May 7, 2010 12:55am May 7, 2010 12:55am
watching that bbc election is like watching an NFL draft but way more interesting right now
  • #224,920
  • May 7, 2010 12:57am May 7, 2010 12:57am
Quoting Islander
Did anyone see this bit of news last night....

Major US bank had an order to sell $15 mln of S&P e-mini contracts. Accidentally sold $15 bln...…whoops!
me,cloggie,kill, and a few others were literally in mid-chat while it was happenning live. It was crazy. I was watching cnbc here in the states, then turned around and saw I gained over 80 pips on my cable and fibre in like 2 minutes.truly epic. They're saying its some guy from citi.
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