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Cable Update (GBPUSD)

  • #250,561
  • Sep 2, 2010 7:40am Sep 2, 2010 7:40am
Quoting ams
Yup, expect more volatility and some stupid, crazy rules coming UK ways as well

With Labour put out to pasture for a generation and the financial industry generating over half of GDP in the UK, I really don't see the Tories slaying the golden goose any time soon. The more the US will regulate trading and the financial industry in general, the greater the incentive for London to leave things be.
  • #250,562
  • Sep 2, 2010 7:42am Sep 2, 2010 7:42am
Quoting LostMyShirt
Took a long position.. Entry at 1.5394.....
This PA is killing me.. I am closing this trade for a break even here... I am out of here.. See you guys tomorrow..
  • #250,563
  • Sep 2, 2010 7:48am Sep 2, 2010 7:48am
Quoting Bull_Bear
Shit happens bro... life goes on buddy
missing yoga hit u hard aye buddy!
  • #250,564
  • Sep 2, 2010 7:49am Sep 2, 2010 7:49am
Quoting LostMyShirt
This PA is killing me.. I am closing this trade for a break even here... I am out of here.. See you guys tomorrow..

Look at the PA reaction to the news, equities are up, dollar is down but Cable is not reacting, what do you think the probability is of long cable?

The whole day there has been no technical support for longs and this bit of news now strongly confirms that and yet people still buy cable????? By all means buy fibre and EG, just don't go long cable yet.
  • #250,565
  • Sep 2, 2010 7:51am Sep 2, 2010 7:51am
Quoting autopips
Lovely. Hertfordshire myself.
I lived in UK 8 years .. Woldingham in Surrey, and Kenley, Surrey.
Miss it. (not the weather...)
******************* I'd rather make money than be right.
  • #250,566
  • Sep 2, 2010 7:54am Sep 2, 2010 7:54am
Quoting cloggie
Look at the PA reaction to the news, equities are up, dollar is down but Cable is not reacting, what do you think the probability is of long cable?

The whole day there has been no technical support for longs and this bit of news now strongly confirms that and yet people still buy cable????? By all means buy fibre and EG, just don't go long cable yet.
Cloggie, seeking for your $1 on this cos i ain't too smart about it. I have been selling from 1.5400 and price has been fluctuating crazily...do you think i should hpld my position?
  • #250,567
  • Sep 2, 2010 7:59am Sep 2, 2010 7:59am
Quoting cloggie
Look at the PA reaction to the news, equities are up, dollar is down but Cable is not reacting, what do you think the probability is of long cable?

The whole day there has been no technical support for longs and this bit of news now strongly confirms that and yet people still buy cable????? By all means buy fibre and EG, just don't go long cable yet.
i think but again i know nothing about fundamentals but surely people gonna buy gold, oil looking to shoot..cable gotta spring up..this is simply taking its time cause when she breaks wind..even hancock aint gonna stop her
  • #250,568
  • Sep 2, 2010 8:00am Sep 2, 2010 8:00am
let's see if we get a bounce here...
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  • #250,569
  • Sep 2, 2010 8:00am Sep 2, 2010 8:00am
Quoting nAVIN2007
missing yoga hit u hard aye buddy!
Yeah yeah keep call'n me a girl....

Gotta run stay short mate
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #250,570
  • Sep 2, 2010 8:01am Sep 2, 2010 8:01am
L4 is broken
lets go to L5!
  • #250,571
  • Sep 2, 2010 8:02am Sep 2, 2010 8:02am
Quoting Bull_Bear
Yeah yeah keep call'n me a girl....

Gotta run stay short mate

have a good one bro!
  • #250,572
  • Sep 2, 2010 8:03am Sep 2, 2010 8:03am
Quoting Petar_Serbia
Wormy

Where are you my friend ? How your trades?
hi petar.

I'm around. I'm trading cable, short. You?
Thank You
  • #250,573
  • Sep 2, 2010 8:06am Sep 2, 2010 8:06am
Quoting hicomm
Cloggie, seeking for your $1 on this cos i ain't too smart about it. I have been selling from 1.5400 and price has been fluctuating crazily...do you think i should hpld my position?

Absolutely!! Give me your trade any day.
Set SL to BE and away you go...
  • #250,574
  • Sep 2, 2010 8:06am Sep 2, 2010 8:06am
Quoting wormboy
hi petar.

I'm around. I'm trading cable, short. You?
Catch 100 pips on cable and sold eurjpy we will see


Simple trade from yesterday
Attached Image (click to enlarge)
Click to Enlarge Name: 100pips.gif Size: 20 KB
"Buy on fear, sell on greed !!!
  • #250,575
  • Sep 2, 2010 8:09am Sep 2, 2010 8:09am
Quoting hicomm
Cloggie, seeking for your $1 on this cos i ain't too smart about it. I have been selling from 1.5400 and price has been fluctuating crazily...do you think i should hpld my position?

There is no technical or fundamental support for longs, now as to how long to hold your trade and when to close it, that is your choice, not mine. It is your money and your strategy.
  • #250,576
  • Sep 2, 2010 8:10am Sep 2, 2010 8:10am
Quoting Saffer
Absolutely!! Give me your trade any day.
Set SL to BE and away you go...
Thanx Saffer. It's looking good now
  • #250,577
  • Sep 2, 2010 8:11am Sep 2, 2010 8:11am
Quoting Saffer
Absolutely!! Give me your trade any day.
Set SL to BE and away you go...
sorry, stupid question but what is BE ?
  • #250,578
  • Sep 2, 2010 8:13am Sep 2, 2010 8:13am
Quoting cloggie
There is no technical or fundamental support for longs, now as to how long to hold your trade and when to close it, that is your choice, not mine. It is your money and your strategy.
Thanks Cloggie. Just set SL to BE and Tp at 1.5300....i'm watching it though.
  • #250,579
  • Sep 2, 2010 8:13am Sep 2, 2010 8:13am
Quoting 4xStar
I lived in UK 8 years .. Woldingham in Surrey, and Kenley, Surrey.
Miss it. (not the weather...)
Richmond, Surrey.
  • #250,580
  • Sep 2, 2010 8:14am Sep 2, 2010 8:14am
Quoting hicomm
Thanks Cloggie. Just set SL to BE and Tp at 1.5300....i'm watching it though.

There is quite a bit in the way between here and 5300, just keep an eye on the obvious ones.
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