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Cable Update (GBPUSD)

  • #11,521
  • Apr 27, 2007 7:52am Apr 27, 2007 7:52am
stops moved to break even on both trades
  • #11,522
  • Apr 27, 2007 7:52am Apr 27, 2007 7:52am
GBP/USD take profit +114 pips guess it is a good night for me......
  • #11,523
  • Apr 27, 2007 7:53am Apr 27, 2007 7:53am
I noticed the gap on the 15-min. chart.

im short from here. target 1.9920. if it breaks, i'll short again.
  • #11,524
  • Apr 27, 2007 7:56am Apr 27, 2007 7:56am
Quoting asyi
If anyone believes in gaps the g/u will be back to 1.9981.

Don't focus on what your going through, focus on what your going to do.
Did you mean 1.9918?
  • #11,525
  • Apr 27, 2007 8:00am Apr 27, 2007 8:00am
1.9981 is all I can be certain of. 1.9918 would be nice, I'm short there.
  • #11,526
  • Apr 27, 2007 8:01am Apr 27, 2007 8:01am
Quoting stevetan2010
GBP/USD take profit +114 pips guess it is a good night for me......
this is the beauty of trading the trend. I'd guess your SL was what? 30? For a 114 profit? How hard is to make this calculation?

Ok, Friday is over fo me... Still small longs for the run, big pips in the pocket all the way from 9900 up.
  • #11,527
  • Apr 27, 2007 8:09am Apr 27, 2007 8:09am
Q1 advance GDP was significantly below expectation at 1.3% vs. 1.8%E.

This is a very weak reading on the headline, but the details aren't
quite as bad.

Consumer spending rose 3.8%, and nonresidential investment actually
rose
after falling in the previous quarter, rising 2.0%.

The big drags on growth were residential investment, which fell 17%,
government spending which only rose 0.9%, and trade, which was a larger
than expected drag on growth.

Market implications:
Even though the details are not as bad as the headline, this report is
still weak, and represents the fourth consecutive quarter of 2.6%
growth
or lower, and is a significant decleration from the 2.5% growth in Q4.
The drags from housing and inventories may persist longer than
expected.

For FX, this should continue to weigh on the USD, and be mildly
supportive for risky assets. Weaker growth should be good for risky
assets as it brings down inflation. However, if perceptions about
growth
weakening too much grow, that would not be good for risky assets. That
being said, given that the details of this report are not quite as bad
as the headline, this should continue to reinforce the soft landing
environment for the US, which is good for risky assets and bad for the
USD.
If I Go Broke Trying Then I Will die happy.
  • #11,528
  • Apr 27, 2007 8:32am Apr 27, 2007 8:32am
Quoting cesarnc
this is the beauty of trading the trend. I'd guess your SL was what? 30? For a 114 profit? How hard is to make this calculation?

Ok, Friday is over fo me... Still small longs for the run, big pips in the pocket all the way from 9900 up.
30pips S/L? Nope! You are wrong! It is more than 100 pips S/L!!!! Lol.... Cause I know I am a lousy predictor so I make use of mutiple entry levels to assist me......

Currently long on AUD/JPY and GBP/JPY netting interest and hopefully a yummy profit.....
  • #11,529
  • Apr 27, 2007 8:35am Apr 27, 2007 8:35am
I just want to say.. omg...

Short? SHORT? LoL LoL jeez

When i started in forex, i was very confident but i always asked to me, "should i be so confident? why so many minds fail in this business?"

Im very happy now.. because now i know that, im dealing with crazyness around me. Going long now.. ok not really, let the pound reload. Profit take.. sure yes after the easy 100 pip longs.

But....................................................................................................................

SHORT?

This is as silly as it gets.

Please... i mean PLEASE, for all the guys who are in front of the pc and are clicking the button to go short. Go to the mirror fast and say, im in the 95% ones. Because im a greedy incredible empty minded guy who cant take a 100 win, and have to get more 20 or 30 incredible risky pips on profit take drops.
  • #11,530
  • Apr 27, 2007 8:44am Apr 27, 2007 8:44am
I hope most of you guys have recovered from yesterday. I took the day off and missed what I suspected would happen, even the Frankfurt\London test of the next fibo. I missed 150+ pips. Never mind, always next week.

Bon weekend.
  • #11,531
  • Apr 27, 2007 8:53am Apr 27, 2007 8:53am
silly?

what's wrong with being short with no risk involved? if you were short at the right level, you have nothing to worry about, move your stop to entry and if the market moves against you well, what's the harm you got stopped out with minimal or no losses.

there are many trading methods and still ways to make money playing against the trend, while playing along with the trend.
  • #11,532
  • Apr 27, 2007 8:54am Apr 27, 2007 8:54am
09:47 Hearing Michigan rumored to be at 84.9 vs. 85.3 expectation
  • #11,533
  • Apr 27, 2007 9:05am Apr 27, 2007 9:05am
Quoting cesarnc
09:47 Hearing Michigan rumored to be at 84.9 vs. 85.3 expectation
Came out 87... Dollar will survive...

I'm calling it a week
  • #11,534
  • Apr 27, 2007 9:05am Apr 27, 2007 9:05am
In at 87.1 vs 85.3.....slightly +ve for dollar
Trading Levels with WRBs
  • #11,535
  • Apr 27, 2007 9:07am Apr 27, 2007 9:07am
Quoting Warper
I just want to say.. omg...

Short? SHORT? LoL LoL jeez

When i started in forex, i was very confident but i always asked to me, "should i be so confident? why so many minds fail in this business?"

Im very happy now.. because now i know that, im dealing with crazyness around me. Going long now.. ok not really, let the pound reload. Profit take.. sure yes after the easy 100 pip longs.

But....................................................................................................................

SHORT?

This is as silly as it gets.

Please... i mean PLEASE, for all the guys who are in front of the pc and are clicking the button to go short. Go to the mirror fast and say, im in the 95% ones. Because im a greedy incredible empty minded guy who cant take a 100 win, and have to get more 20 or 30 incredible risky pips on profit take drops.
It is pretty easy to criticize some other's position while at the same time not giving out any solid explanation on why you criticize it.

This is as silly as it gets.

So what if others are shorting? Does that stop from making your pips? Of course not.

The real reason: You are long and you're not confident of it. You shake at every post you see that they are selling cable. You panic. You worry about your position so you start the criticisms. That my friend, are the most precise qualifications of those who are in the 95% loser's bracket.
  • #11,536
  • Apr 27, 2007 9:07am Apr 27, 2007 9:07am
cesar would you share the rumor source with us if you dont mind
Quoting cesarnc
09:47 Hearing Michigan rumored to be at 84.9 vs. 85.3 expectation
Whatever you do, just keep doing it in a dicipline manner.
  • #11,537
  • Apr 27, 2007 9:10am Apr 27, 2007 9:10am
Quoting zazafamily
cesar would you share the rumor source with us if you dont mind
http://masterforex.co.uk/Html/FXStation/FXToolz.html

Live Market Commentary on the left menu
  • #11,538
  • Apr 27, 2007 9:14am Apr 27, 2007 9:14am
I have errands to run, hope you all have good weekend
  • #11,539
  • Apr 27, 2007 9:16am Apr 27, 2007 9:16am
Quoting cesarnc
http://masterforex.co.uk/Html/FXStation/FXToolz.html

Live Market Commentary on the left menu
Advertising links are NOT allowed. This site contains Google Ads.
  • #11,540
  • Apr 27, 2007 9:17am Apr 27, 2007 9:17am
Quote
The real reason: You are long and you're not confident of it. You shake at every post you see that they are selling cable. You panic. You worry about your position so you start the criticisms. That my friend, are the most precise qualifications of those who are in the 95% loser's bracket

I was going to write the very same thing.

I am short at the moment at 2.0040 targeting 1.9920 area
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luisinho