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Cable Update (GBPUSD)

  • #247,441
  • Aug 20, 2010 4:13am Aug 20, 2010 4:13am
Quoting CoffeeDrinke
Well i was expecting it to be sent down by or just after london but i would rather position for the longs, but you are right you could prob if you were looking q/u were showing more strenght to g/u weaker so you could probably short e/u.
But i would not of thought of shorting g/u, also dont want to go to far of my method i trade lol, but if you made profit off it then well deserved.
maby my reasoning is flawd but to me it was a better option to make a wider profit target after a sell on US open yesterday than to sell again this morning.
  • #247,442
  • Aug 20, 2010 4:13am Aug 20, 2010 4:13am
Quoting cloggie
Indeed lots of dollar strength today, Sterling is holding her own against euro but dollar buying is outdoing her. I am going to cover at the hourly TL and watch and wait to see which is going to win out.
Why would any idiot want to buy the dollar??
Old perceptions die hard I guess....
******************* I'd rather make money than be right.
  • #247,443
  • Aug 20, 2010 4:13am Aug 20, 2010 4:13am
Quoting 4xStar
OK .. I'll show my ignorance .. what are Gilts?
Gilts are the U.k name for U.k Govt debt instruments, like the Treasury bonds/notes in the U.s.
ex member
  • #247,444
  • Aug 20, 2010 4:15am Aug 20, 2010 4:15am
Quoting CoffeeDrinke
Well i was expecting it to be sent down by or just after london but i would rather position for the longs, but you are right you could prob if you were looking q/u were showing more strenght to g/u weaker so you could probably short e/u.
But i would not of thought of shorting g/u, also dont want to go to far of my method i trade lol, but if you made profit off it then well deserved.
I've no crystal ball, but I have a target for GU of below 150 and EU of 124.xx. My divergence play-out area is in the region of just below 148 for GU. Dollar is well overdue a rally. Markets can't function on greenback bearishness alone.

Let's see what develops, but I will not be long against the Dollar now for a while.
  • #247,445
  • Aug 20, 2010 4:16am Aug 20, 2010 4:16am
Quoting digger1
why , nice head and shoulder pattern at the 1 minute 200 ,a trend line that still isint broke yet , since we seem to have a lot of 1 minute charts lol, instead of trying to pick a bottom seems it has been easier just adding at the trend line , but then thats just me lol

Am not going to post a 1 minute chart, but I'll throw a M5 up here. Repeating intermediates.
Attached Image (click to enlarge)
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  • #247,446
  • Aug 20, 2010 4:17am Aug 20, 2010 4:17am
Quoting 4xStar
OK .. I'll show my ignorance .. what are Gilts?
They are the bad feelings you get when you've done something you know you should'nt have......like taking a trade before a proper signal
  • #247,447
  • Aug 20, 2010 4:18am Aug 20, 2010 4:18am
Quoting 4xStar
Why would any idiot want to buy the dollar??
Old perceptions die hard I guess....
Simple answer. Because they know you're short. You think companies like GS and JPM don't know how to screw retail?
  • #247,448
  • Aug 20, 2010 4:19am Aug 20, 2010 4:19am
has anyone seen what the S&P 500 is doing now in premarket ?
  • #247,449
  • Aug 20, 2010 4:20am Aug 20, 2010 4:20am
Quoting cloggie
Am not going to post a 1 minute chart, but I'll throw a M5 up here. Repeating intermediates.
lol, had to make one up quick , , little short for me but a 10 pip pop looks bigger lol
  • #247,450
  • Aug 20, 2010 4:20am Aug 20, 2010 4:20am
Quoting Deputy Dawg
They are the bad feelings you get when you've done something you know you should'nt have......like taking a trade before a proper signal
I thought it was gits who did that....
******************* I'd rather make money than be right.
  • #247,451
  • Aug 20, 2010 4:21am Aug 20, 2010 4:21am
Quoting bbmac
Gilts are the U.k name for U.k Govt debt instruments, like the Treasury bonds/notes in the U.s.
Gracias
******************* I'd rather make money than be right.
  • #247,452
  • Aug 20, 2010 4:21am Aug 20, 2010 4:21am
all this waiting is making me hungry.....brb
  • #247,453
  • Aug 20, 2010 4:21am Aug 20, 2010 4:21am
Quoting joemiami
has anyone seen what the S&P 500 is doing now in premarket ?

Down just a fraction. 1070.5
  • #247,454
  • Aug 20, 2010 4:23am Aug 20, 2010 4:23am
Quoting joemiami
has anyone seen what the S&P 500 is doing now in premarket ?
y es down 1.5 -0.14%
  • #247,455
  • Aug 20, 2010 4:23am Aug 20, 2010 4:23am
Quoting 4xStar
Gracias
dont know if you held any of your shorts from yesterday , but have just taken the rest of mine off , waiting to see what happens next lol
  • #247,456
  • Aug 20, 2010 4:24am Aug 20, 2010 4:24am
Quoting digger1
lol, had to make one up quick , , little short for me but a 10 pip pop looks bigger lol

My last intermediate rejected for the first time, covered all mine.
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  • #247,457
  • Aug 20, 2010 4:26am Aug 20, 2010 4:26am
Quoting digger1
dont know if you held any of your shorts from yesterday , but have just taken the rest of mine off , waiting to see what happens next lol
I re-entered just before bedtime here (about 4am UK I guess) and woke up to a nice breakfast of hot green pips Still holding, I still think she will touch the H4 200 again .. but if I'm wrong, still out with nice run.
******************* I'd rather make money than be right.
  • #247,458
  • Aug 20, 2010 4:27am Aug 20, 2010 4:27am
Quoting cloggie
My last intermediate rejected for the first time, covered all mine.
ah me too , just meant the time frame was a little short for me lol,
  • #247,459
  • Aug 20, 2010 4:28am Aug 20, 2010 4:28am
going long at 5536
  • #247,460
  • Aug 20, 2010 4:28am Aug 20, 2010 4:28am
Quoting 4xStar
I re-entered just before bedtime here (about 4am UK I guess) and woke up to a nice breakfast of hot green pips Still holding, I still think she will touch the H4 200 again .. but if I'm wrong, still out with nice run.
excellent
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