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07-20-2007, 09:30 AM #361
I'm using the Opera browser.
07-20-2007, 10:01 AM #362
Originally Posted by Hoftman
Cable stopped posting here a long time ago along with a few others. Its a shame really I feel I learnt a lot from him, I liked his style a real inspiration. I think there are a few who post occasionaly that are still in touch with him. I remember hearing a few months ago something about bulldog having forums on his website where a few of them were posting.
Would love to have a chat with you about a few things if possible, ill leave my e-mail if you could e-mail me or if you have msn, would be much appreciated.
07-20-2007, 10:51 AM #363
SL hit -90
What other option is there now but to go long?
Long at .0575 SL .0485
07-20-2007, 10:54 AM #364
The last 3 trades have been stopped out for a considerable amount of pips.
07-20-2007, 11:05 AM #365
Originally Posted by Black.day
The time to go long if you were planning on it, was around the 2.0485 area with a tight stop just below. The opportunity is missed now if you didnt get in earlier. going long at 2.0575 is like in the middle of no where, swimming in open water if you know what i mean? very risky.
Last edited by conceal01; 07-20-2007 at 11:15 AM.
07-20-2007, 12:12 PM #366
Originally Posted by terton
Any short term long targets on the week's open?
Looks like the pound sterling is going to be supported over the weekend at the current 2.0562 price.
07-20-2007, 12:14 PM #367
Originally Posted by conceal01
Looking for a top at the 2.0600 and slightly above?
07-20-2007, 08:20 PM #368
Pair doesn't hold below SMA65 in 1 hour chart and uptrend line still solid, so I close my short position taking +20pips. looking for new opportunities next week.
Originally Posted by arodriguez
07-21-2007, 02:58 PM #369
anyone have any ideas about the short-term?
are we best to expect a break back into the 1.98-2.01 territory anytime soon? it seems the GBP is, I think, overvalued
07-22-2007, 02:15 PM #370
GBP/USD expected drop below 2.0600
I think it may drop to 2.0400+-. Lets see
07-22-2007, 04:42 PM #371
conceal01, My Cable limit order short was placed to take advantage of a drop below an area of support which I hoped would lead to a descent drop back to the weekly open. Unfortunately for me this never happend. Both my previous trades were long and taken within pips of a high with both SL's washed up within pips of a reversal back up again. 80 pip SL's are, it seems, are not enough to buy the ride (either that or someone's out to get me). Now it seems even 100 pips is not enough accurately navigate the course with my last trade whipped from under my feet in double quick time. Now I'm long again (quick! Get your shorts into play me hearties ...) and although I may be swimming in open water, at least I'm not against the tide.
As the trend is unequivocal, let's hoist the Jolly Roger and sail the seven seas as it's only a matter of time before my long position yields dividends .... providing, of course, I don't get stopped out first ... bubble, bubble, glug, glug.
Current position: GBPUSD Long .0575 / Land ahoy! .0740 / Sea sickness .0465
Last edited by Black.day; 07-22-2007 at 04:47 PM.
07-22-2007, 04:55 PM #372
Daily, hourly, intraday charts
07-22-2007, 05:21 PM #373
Cable hourly charts
Taking the Jun 27 and Jul 6 lows as reference and extending a t'line through them, then duplicating the t'line and placing it back at the Jun 7 breakdown point I can see this channel has formed. Seeing this, I'm going to alter my long trade to a SAR below this t'line support which held on Jul 19 and 20.
Current thinking is SL @ .0465 but I'm now considering SAR at the same price level. Does this sound rational?
Last edited by Black.day; 07-22-2007 at 05:48 PM.
07-22-2007, 07:16 PM #374
I have a Gann active resistance that was broken for the 2nd time on Friday, so it strongly suggests the possibility of that area becoming support. So initially I will look for a support/good reversal pattern to appear circa .0546. (Secondary Gann @.0486)
rgds - arco
07-22-2007, 08:10 PM #375
Hi arco, I'll bear those levels in mind - thanks. I really fancy the SAR @ .0465 but the further Cable climbs the more likely it is I'll sell the bottom again. Obviously I'm a little concerned about Cable's OB feeling right now esp. since the Rightmove house price survey slipped to +10.5% (from 13.2%) this evening but house prices maintain an average level of 240K - much, much more here in London - and the Swissie is only just maintaining it's footing around 1.20~. Add to that Sarkozy seeks tougher line on China and we may be in for a choppy week.