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:: Cable (GBPUSD) Trend Trading ::

  • #481
  • May 17, 2007 6:27am May 17, 2007 6:27am
Quoting Make a Million
WOW, thanks for the calls. Its helping me alot. If I had my way it would be here for us for ever and another day. Please keep it coming.
Glad to help. Thanks.
Do not focus on making money; focus on protecting what you have.
  • #482
  • May 17, 2007 6:30am May 17, 2007 6:30am
Quoting Why Oh Why
1.9797 SL 1.9697 TP 1.9997. Last 1.9853.
Now at open loss of 40 pips on each of 5 long. Last 1.9757.
Do not focus on making money; focus on protecting what you have.
  • #483
  • May 17, 2007 6:36am May 17, 2007 6:36am
China hit the market... Says considering rate hikes to control inflation...

In all areas of human life, China is a damn bug... well, huge and motivated powerful and crazy-driven bug.
  • #484
  • May 17, 2007 6:36am May 17, 2007 6:36am
Quoting Why Oh Why
1.9835 SL 1.9875 TP 1.9755. Last 1.9789.
Still waiting to open. 2 hours ago it got to within 8 pips of opening. If it had opened it would have hit TP 30 minutes ago. It stays in place. Ah well, it can't happen every day.
Do not focus on making money; focus on protecting what you have.
  • #485
  • Edited 6:48am May 17, 2007 6:42am | Edited 6:48am
Quoting cesarnc
China hit the market... Says considering rate hikes to control inflation. In all areas of human life, China is a damn bug... well, huge and motivated powerful and crazy-driven bug.
The pressure for yuan appreciation is actually stronger than the traditional indicators would suggest, such as the trade surplus and foreign direct investment. Simply, I believe that their dollar reserves are growing but not at the pace as before and this is because they are selling USD more and more but slowly. But we will still have China USD forex reserves growing until they move to the Euro. Now that's a can of worms. And I don't expect anyone to agree with me. But everyone is welcome to comment.
Do not focus on making money; focus on protecting what you have.
  • #486
  • Edited 6:56am May 17, 2007 6:54am | Edited 6:56am
Quoting Why Oh Why
In the market as it is right now I'm finding it tough going because it simply isn't going north the way I anticipated for the reasons outlined earlier.

Ladies and gents, have a great day. It looks like being a profitable week unless I'm really stupid. But that has been known.
Anyone else bullish? 10 long open now with TP and SL a 100 away on all currently. Last 1.9770.
Do not focus on making money; focus on protecting what you have.
  • #487
  • May 17, 2007 7:00am May 17, 2007 7:00am
Quoting Why Oh Why
Anyone else bullish? 10 long open now with TP and SL a 100 away on all currently. Last 1.9770.
My limit order just opened by the spike. Long at 1.9750.
  • #488
  • May 17, 2007 7:03am May 17, 2007 7:03am
We need to get above 1.9807 then we could hit 1.9830 and will have a chance at 1.9845. See the earlier charts for the why. Last 1.9767.
Do not focus on making money; focus on protecting what you have.
  • #489
  • May 17, 2007 7:04am May 17, 2007 7:04am
Quoting zobo
My limit order just opened by the spike. Long at 1.9750.
Good to see you again.
Do not focus on making money; focus on protecting what you have.
  • #490
  • May 17, 2007 7:06am May 17, 2007 7:06am
Quoting zobo
My limit order just opened by the spike. Long at 1.9750.
You've got 25 now. Got a TP or gonna exit at discretion?
Do not focus on making money; focus on protecting what you have.
  • #491
  • May 17, 2007 7:10am May 17, 2007 7:10am
Quoting Why Oh Why
You've got 25 now. Got a TP or gonna exit at discretion?
I will be waiting to see if it's going to reach 1.9800.
  • #492
  • May 17, 2007 7:17am May 17, 2007 7:17am
Quoting zobo
I will be waiting to see if it's going to reach 1.9800.
It could get sticky around there. But we should get near in the next hour IMO. But I wouldn't go long again now. Too choppy ATM. But worth holding. Last 1.9762.
Do not focus on making money; focus on protecting what you have.
  • #493
  • May 17, 2007 7:38am May 17, 2007 7:38am
Quoting Why Oh Why
It could get sticky around there. But we should get near in the next hour IMO. But I wouldn't go long again now. Too choppy ATM. But worth holding. Last 1.9762.
1 good news for US and suddenly I am 10 pips down. Hope I won't get stop out.
  • #494
  • Edited 7:47am May 17, 2007 7:47am | Edited 7:47am
But on the bright side England are 86-0!
  • #495
  • May 17, 2007 8:24am May 17, 2007 8:24am
We're a few down but we'll be okay.

http://www.tradingcentral.com/chart/...0517140641.GIF

Do not focus on making money; focus on protecting what you have.
  • #496
  • May 17, 2007 8:28am May 17, 2007 8:28am
But only thinking ATM. Maybe a Buy Stop? Around 1.9760. Last 1.9744.
Do not focus on making money; focus on protecting what you have.
  • #497
  • May 17, 2007 8:29am May 17, 2007 8:29am
GBP breaks down through support @ 1.9750 and quickly runs down towards 1.9730. It might find some short term friends down around 1.9700. Some nice support appears @ 1.9640.
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" THE BRAIN IS LIKE A PARACHUTE ... WORKS BEST WHEN OPEN "
  • #498
  • May 17, 2007 8:36am May 17, 2007 8:36am
Good to see you again. The chart looks pretty clear there. I guess you're not in the bull camp ATM then? :surprised
Do not focus on making money; focus on protecting what you have.
  • #499
  • May 17, 2007 8:41am May 17, 2007 8:41am
I think cable will not go down. EUr is returning to the downtrend channel.

Thatīs why thereīs so bearish pressure on cable.

http://img291.imageshack.us/img291/2...7084047ce5.png
Johann Channels and cycles are everything
  • #500
  • May 17, 2007 8:41am May 17, 2007 8:41am
Quoting Why Oh Why
Good to see you again. The chart looks pretty clear there. I guess you're not in the bull camp ATM then? :surprised
What does ATM mean?
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