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  • Post #61,801
  • Quote
  • Feb 4, 2009 8:38pm Feb 4, 2009 8:38pm
  •  spavadache
  • | Commercial Member | Joined Nov 2008 | 10 Posts
Quoting spavadache
Disliked
Hi Everyone,
I did not post here for a while but this is what I am up to right now:

I am short GBP/USD at 1.4465 into tomorrow's rate cut decision expecting a big sell off for the Pound. if the Asian session keeps in a downtrend then I am looking to add to the position as soon as London session begins.

Happy Trading everyone,
Mr.Green
Ignored

If anyone took this trade earlier I took some profits now at 1.4425 (40pips)and looking to add if we get a bigger retracement . Otherwise wil just add more at London Open
Happy Trading everyone
 
 
  • Post #61,802
  • Quote
  • Feb 4, 2009 8:43pm Feb 4, 2009 8:43pm
  •  spavadache
  • | Commercial Member | Joined Nov 2008 | 10 Posts
Quoting tamster
Disliked
Much of bad news already in £, although sure to be more to come.
A London investment manager said UK might keep rates on hold, so might not see sell off.
Ignored
The way I see it the Pound will sell off regardless of the rate cut decision and as long as there is indecision in the market , I don't see anyone going long this pair. Sometimes the sentiment that things are bad is more important than the actual situation and I think we may retest the lows from last week later on . Unless they decide not to cut rates by more then .25 I don't see a reason for the Pound to rise
Happy Trading everyone
 
 
  • Post #61,803
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  • Feb 4, 2009 8:47pm Feb 4, 2009 8:47pm
  •  dallavise
  • | Joined Jan 2009 | Status: Member | 138 Posts
This thing is about to bounce out, my guess is down, but let's see.
 
 
  • Post #61,804
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  • Feb 4, 2009 8:50pm Feb 4, 2009 8:50pm
  •  acumen
  • Joined Mar 2007 | Status: Member | 3,709 Posts
Quoting Alexgee
Disliked
I think the collapse on housing market derailed the whole economy here. Then again, people were using their houses as an atm and drawing equity to buy stuff, cars, toys and vacations. At some point it blew up on their faces. Just like in trading, if you disregard your rules you may get away with it for awhile, but sooner or later will catch up with you.
Ignored
You have said more relevant things in your 10 posts or so than most traders here say during their short term stay.
 
 
  • Post #61,805
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  • Feb 4, 2009 8:54pm Feb 4, 2009 8:54pm
  •  acumen
  • Joined Mar 2007 | Status: Member | 3,709 Posts
Quoting TIckerShuffl
Disliked
Tell that to the AIG employees. The energy policies of BUSH kept Texas afloat...in due time Texas will be back to the bust days of yore.
Ignored
You mean the price of Oil had nothing to do with it?

Does he get credit for the rise or fall or both?

Since his Mensa card never got punched I doubt he had much to do with any economy.
 
 
  • Post #61,806
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  • Feb 4, 2009 9:07pm Feb 4, 2009 9:07pm
  •  primasoldi
  • | Joined Oct 2008 | Status: It's all relative, isn't it? | 46 Posts
I think we're seeing a short-term bullish move on the euro. Magnetic resistance at 1.28700.
 
 
  • Post #61,807
  • Quote
  • Feb 4, 2009 9:18pm Feb 4, 2009 9:18pm
  •  dallavise
  • | Joined Jan 2009 | Status: Member | 138 Posts
Quoting primasoldi
Disliked
I think we're seeing a short-term bullish move on the euro. Magnetic resistance at 1.28700.
Ignored
Does bullish mean dead sideways?
 
 
  • Post #61,808
  • Quote
  • Feb 4, 2009 9:20pm Feb 4, 2009 9:20pm
  •  dallavise
  • | Joined Jan 2009 | Status: Member | 138 Posts
The way this is going the market could stop and we all would have to find something else to do.
 
 
  • Post #61,809
  • Quote
  • Feb 4, 2009 9:28pm Feb 4, 2009 9:28pm
  •  D&d
  • | Joined Jan 2009 | Status: Member | 30 Posts
Do you guy's remember my post #60820 & TP (red line on pic) ? Updated pic shows 2 red lines (TP1 & TP2). Plz, don't follow my steps, coz it is very risky move.
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  • Post #61,810
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  • Feb 4, 2009 9:40pm Feb 4, 2009 9:40pm
  •  CAnthonyMVE
  • | Joined Jan 2009 | Status: Gold Member | 752 Posts
are you guys suggesting this market isnt going lower??
 
 
  • Post #61,811
  • Quote
  • Feb 4, 2009 9:45pm Feb 4, 2009 9:45pm
  •  Trading Cat
  • Joined Oct 2008 | Status: Member | 3,472 Posts
see chart.
just an idea.
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Trade on your own risk Plan your trade&trade your plan dont be a
 
 
  • Post #61,812
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  • Feb 4, 2009 9:52pm Feb 4, 2009 9:52pm
  •  Adroit
  • | Joined Feb 2009 | Status: Member | 9 Posts
Quoting CAnthonyMVE
Disliked
are you guys suggesting this market isnt going lower??
Ignored
m dem sur cable will mov down......tomorow....
 
 
  • Post #61,813
  • Quote
  • Feb 4, 2009 9:56pm Feb 4, 2009 9:56pm
  •  FX-Petra
  • Joined Sep 2007 | Status: Member | 1,674 Posts
Quoting acumen
Disliked
You mean the price of Oil had nothing to do with it?

Does he get credit for the rise or fall or both?

Since his Mensa card never got punched I doubt he had much to do with any economy.
Ignored
Nice one, Acumen... we don't get many Mensa refrences here at the Factory!

BTW, I've been shorting Euro rallies for some time now. It has been good to me. Wondering if you have any thoughts as to where this USD strength may end. All the best to you!
 
 
  • Post #61,814
  • Quote
  • Feb 4, 2009 9:58pm Feb 4, 2009 9:58pm
  •  Adroit
  • | Joined Feb 2009 | Status: Member | 9 Posts
i got 579$ by23 trades in 3 hours.... GBPUSD and EURUSD..luve you hheeheheheheh...................
 
 
  • Post #61,815
  • Quote
  • Feb 4, 2009 10:00pm Feb 4, 2009 10:00pm
  •  PipPipPip
  • | Joined Jan 2009 | Status: Member | 1,259 Posts
Quoting Adroit
Disliked
i got 579$ by23 trades in 3 hours.... GBPUSD and EURUSD..luve you hheeheheheheh...................
Ignored
nice, how big are your lots btw?

edit: live or demo?
 
 
  • Post #61,816
  • Quote
  • Feb 4, 2009 10:02pm Feb 4, 2009 10:02pm
  •  sed34
  • | Joined Jul 2008 | Status: Clear Cut System Trader | 1,111 Posts
you guys with longs better watch out. there is a clear "head and shoulders" in place.

England will cut rates to 1%. the ecb will leave rates steady.

the market looks like it is pricing a downward move.
Attached Image (click to enlarge)
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Size: 27 KB
 
 
  • Post #61,817
  • Quote
  • Feb 4, 2009 10:04pm Feb 4, 2009 10:04pm
  •  Adroit
  • | Joined Feb 2009 | Status: Member | 9 Posts
Quoting PipPipPip
Disliked
nice, how big are your lots btw?
Ignored
not same it was depending to the trends.................
 
 
  • Post #61,818
  • Quote
  • Feb 4, 2009 10:08pm Feb 4, 2009 10:08pm
  •  macockiner2
  • | Joined Sep 2008 | Status: Member | 108 Posts
Quoting sed34
Disliked
you guys with longs better watch out. there is a clear "head and shoulders" in place.

England will cut rates to 1%. the ecb will leave rates steady.

the market looks like it is pricing a downward move.
Ignored
Please excuse my ignorance, still kinda new to this but wouldn't the market already be reacting to this news, knowing that some kind of cut is in place.

Cheers
 
 
  • Post #61,819
  • Quote
  • Feb 4, 2009 10:11pm Feb 4, 2009 10:11pm
  •  PipPipPip
  • | Joined Jan 2009 | Status: Member | 1,259 Posts
goldman sachs ceo, salary at 70million. haha. no wonder the financial industry is bullish against euro
 
 
  • Post #61,820
  • Quote
  • Feb 4, 2009 10:11pm Feb 4, 2009 10:11pm
  •  juan852
  • | Joined Feb 2009 | Status: Member | 24 Posts
Quoting Adroit
Disliked
not same it was depending to the trends.................
Ignored
-
you think we are in important point to buy, for win a fhew pont and then sell or , sell now.

-SORY my inglish
Attached Image
 
 
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