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Cable Update (GBPUSD)

  • #286,581
  • Aug 17, 2011 7:50am Aug 17, 2011 7:50am
looks like its gonna reach 66300 today itself
  • #286,582
  • Aug 17, 2011 7:54am Aug 17, 2011 7:54am
Quoting chitindu
looks like its gonna reach 66300 today itself
above 50 psych level and M30 candles are lighted up green, 6600 is almost a sure thing now.
  • #286,583
  • Aug 17, 2011 7:56am Aug 17, 2011 7:56am
Quoting chitindu
i just fail to understand the math, weak GBP data, strong US data, yet GBP rose 200 pips

that is because yur focusing on the data, not the chart

bad data..UK cannot increase interest rates it will kill every1 paying of a house..not going up is a great thing

US have printed more money and there is nothing to show for it..ecomony isnt improving..the bad UK data sunk cable to a trendline which had confluence with a 50% fibo

would u ignore the trend and just sell ignoring it or would u see it as opportunity to get in the trend..to go towards the monthly target???

focus on the charts not the data or focus on the data to get in the trend at hand..

this is just my understand of it anyway..appreciate yur post
  • #286,584
  • Aug 17, 2011 7:58am Aug 17, 2011 7:58am
nAVIN we gotta push those fellas in London harder, gimme 6600 all the way. 1 hr to go, so prolly enough time to deliver, what do you think?
  • #286,585
  • Edited 8:22am Aug 17, 2011 8:08am | Edited 8:22am
Quoting ruffryders
nAVIN we gotta push those fellas in London harder, gimme 6600 all the way. 1 hr to go, so prolly enough time to deliver, what do you think?

will put mah short in trouble..looking for a retrace but i rather it came tomorrow..

this thing is full of surprises

edit:_ exit the short for 15 pips
u just never know
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  • #286,586
  • Aug 17, 2011 8:37am Aug 17, 2011 8:37am
..
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not euphoria follower
  • #286,587
  • Aug 17, 2011 9:02am Aug 17, 2011 9:02am
I have enjoyed following this thread today and getting back to trading this pair. i look forward to contributing once i blow the dust off my GU charts. Thanks to everyone who posted great charts and helpful information ... nice

Cheers
  • #286,588
  • Aug 17, 2011 9:25am Aug 17, 2011 9:25am
Shorted @ 1.6585

targeting 1.63xx
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  • #286,589
  • Aug 17, 2011 9:32am Aug 17, 2011 9:32am
Quoting hamad9
Shorted @ 1.6585

targeting 1.63xx

lol..so yur just gonna ignore yur trendline like it dont exist,,
  • #286,590
  • Aug 17, 2011 9:42am Aug 17, 2011 9:42am
Quoting nAVIN2007
lol..so yur just gonna ignore yur trendline like it dont exist,,
Hello bro
what's ur view for g/u?
Because i c something interesting to me
  • #286,591
  • Aug 17, 2011 9:47am Aug 17, 2011 9:47am
G/U have been naughty for while and most of time rejection to fall but
I will sell [email protected]
  • #286,592
  • Aug 17, 2011 9:51am Aug 17, 2011 9:51am
i hope it atleast retraces to 1.65, short at 1.655
  • #286,593
  • Aug 17, 2011 10:12am Aug 17, 2011 10:12am
Quoting nAVIN2007
lol..so yur just gonna ignore yur trendline like it dont exist,,
TL is for TA

cant wait for trend line break!

if i follow my trend line like a n00b then i will gonna miss all the big move

the reason i m short @ 1.6585 is FA not TA, TA will help further once it breaks the TL.

Don't be a n00b,

Happy Trading
  • #286,594
  • Aug 17, 2011 10:26am Aug 17, 2011 10:26am
Quoting hamad9
Shorted @ 1.6585

targeting 1.63xx
I shorted it around that level as well.

All these text book traders are going cable crazy because of the resistence being broken, let the stop hunting begin.
  • #286,595
  • Aug 17, 2011 10:29am Aug 17, 2011 10:29am
So if you stick with the trend you are a n000b ? Because my strategy is based on respecting the trend - i am a beginner And what stands TA TL FA for ?
  • #286,596
  • Aug 17, 2011 10:37am Aug 17, 2011 10:37am
Quoting hamad9
TL is for TA

cant wait for trend line break!

if i follow my trend line like a n00b then i will gonna miss all the big move

the reason i m short @ 1.6585 is FA not TA, TA will help further once it breaks the TL.

Don't be a n00b,

Happy Trading


man u got me..u actually made me laugh so much i almost broke my chair ..u good
  • #286,597
  • Aug 17, 2011 10:38am Aug 17, 2011 10:38am
I opened a short position as well. Shorted with 50 pips S/L and 150 T/P. Letīs see what happens.
  • #286,598
  • Aug 17, 2011 10:39am Aug 17, 2011 10:39am
Quoting egkid
Hello bro
what's ur view for g/u?
Because i c something interesting to me

in a word 1.67
  • #286,599
  • Aug 17, 2011 11:01am Aug 17, 2011 11:01am
Quoting emi89
So if you stick with the trend you are a n000b ? Because my strategy is based on respecting the trend - i am a beginner And what stands TA TL FA for ?

stick to yur trendlines unless u want traders to swallow yur money
  • #286,600
  • Aug 17, 2011 11:05am Aug 17, 2011 11:05am
withdrew my trade, i think navin is right.
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