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Cable Update (GBPUSD)

  • #19,461
  • Jul 17, 2007 10:52pm Jul 17, 2007 10:52pm
Quoting Holypendant
I've been waiting for retraacement n i saw NONE of it... n cable juz go up n up like nobody business.. i regret closing my long position durin 2.0394
Patience my fren.. it will come sooner or later.. we all are waiting it to happen.. just waiting for those bears to gain their power to fight back a bit..

I also regret a bit that i TP half at .400.. but hei.. at least its still a profit

Like karmo said.. dont get to greedy.. rite buddy??
  • #19,462
  • Jul 17, 2007 10:54pm Jul 17, 2007 10:54pm
Becoz cable tt time had reach all time high n is very overbought.... so i tot it wun rise anymore... nw waiting for it to break 2.05
  • #19,463
  • Jul 17, 2007 10:54pm Jul 17, 2007 10:54pm
Quoting dd33
Like karmo said.. dont get to greedy.. rite buddy??
Absolutely, greed & panicing all the time will lead to disaster
Trade what you see, not what you think.
  • #19,464
  • Jul 17, 2007 10:56pm Jul 17, 2007 10:56pm
Quoting Holypendant
Becoz cable tt time had reach all time high n is very overbought.... so i tot it wun rise anymore... nw waiting for it to break 2.05
I used to look at this overbought/oversold and thought it should reverse now but later on I realized all that is BS, it can be overbought and still go up another 200 pips or so, don't rely on OB/OS
Trade what you see, not what you think.
  • #19,465
  • Jul 17, 2007 10:57pm Jul 17, 2007 10:57pm
So r u all using any indicator to trade?
  • #19,466
  • Jul 17, 2007 10:58pm Jul 17, 2007 10:58pm
Quoting Holypendant
So r u all using any indicator to trade?
Price Action is the best thing to learn about.. most of the indicators are useless
Trade what you see, not what you think.
  • #19,467
  • Jul 17, 2007 10:59pm Jul 17, 2007 10:59pm
So juz pure chart reading? OH no... eur n gbp seems to be going dwn...
  • #19,468
  • Jul 17, 2007 11:01pm Jul 17, 2007 11:01pm
Dollar fight back hard on euro, aud, and swiss.. started to looked like John McClane here..
  • #19,469
  • Jul 17, 2007 11:05pm Jul 17, 2007 11:05pm
Quoting Holypendant
So juz pure chart reading? OH no... eur n gbp seems to be going dwn...
Don't panic, just use good MoneyManagement and there is nothing to worry about my friend
Trade what you see, not what you think.
  • #19,470
  • Jul 17, 2007 11:06pm Jul 17, 2007 11:06pm
Quoting dd33
Dollar fight back hard on euro, aud, and swiss.. started to looked like John McClane here..
It's retracing from the bull run it made , it will resume uptrend later on today
Trade what you see, not what you think.
  • #19,471
  • Jul 17, 2007 11:06pm Jul 17, 2007 11:06pm
i closed my longs for some good profit. will wait for the ny time to see where its going to go now. im sure this just a correction and will go up once london opens. that is if the fundementals are good for the pound.
  • #19,472
  • Jul 17, 2007 11:08pm Jul 17, 2007 11:08pm
i had a stoploss on 2.049 hope tt it will not get hit...
  • #19,473
  • Jul 17, 2007 11:09pm Jul 17, 2007 11:09pm
Quoting karmostaji
It's retracing from the bull run it made , it will resume uptrend later on today
Yeah.. i also thinking the same thing.. Preparing my fishing tools... gonna bottom fishing today..
  • #19,474
  • Jul 17, 2007 11:23pm Jul 17, 2007 11:23pm
As Karmostaji says, learn PA, it's good stuff. =)

Took profit on bigger core position for around +370 at 2.0490(funny, other people's stops are always my TP *winks*), leaving last position on for a stab at 2.0600+

EURUSD caught up as I said. Timeshift, EURGBP, etc.

Happy days
Trust price. Know yourself.
  • #19,475
  • Jul 17, 2007 11:37pm Jul 17, 2007 11:37pm
isnt it nice, to wake up ...in days like this... , soory for those ppl on the airplane...
its just money
  • #19,476
  • Jul 17, 2007 11:50pm Jul 17, 2007 11:50pm
Quoting de123
isnt it nice, to wake up ...in days like this... , soory for those ppl on the airplane...



But don't tell the bears that 900 pips up in a straight line twice means a bullish trend and that shorts in that market mean losing money in a simple and quick manner.
Else they might stop losing and start making some eventually.
</sarcasm>

Seriously though people...don't out-THINK the market, take what the CHART IS TELLING YOU serious.

"Trade what you see, not what you think"

It always pains me to see posts like "went short 500 pips ago, no stop, hurting now, what should I do"... :/
Trust price. Know yourself.
  • #19,477
  • Jul 17, 2007 11:53pm Jul 17, 2007 11:53pm
london session to open in 5 mins... GU will shoot to heaven... just wait & see
  • #19,478
  • Edited Jul 18, 2007 12:12am Jul 17, 2007 11:54pm | Edited Jul 18, 2007 12:12am
Just found this very fitting for the current USD index and peopl trying to fight the trend.


You
In your shell
Are you waiting for someone to rescue you
From yourself
Don't be disappointed when no one comes

Don't blame me you didn't get it
Don't blame me you didn't get it
Don't blame me you didn't get it

I already told you that falling is easy
It's getting back up that becomes the problem
Becomes the problem
If you don't believe you can find a way out
You've become the problem
Become the problem

You
All alone
Are you waiting for someone to make you whole?
Can't you see?
Aren't you tired of this disfunctional routine?

[..]

Falling is easy
It's getting back up that becomes the problem
Becomes the problem
And if you believe you can find a way out
Then you've solved the problem
You've solved your problem.



Gotta end it on a hopeful note

(From: Staind - Falling. In case those lyrics are copyrighted as most of everything in today's copywrong world, just take em down)

P.S. I find the lyrics fitting because they apply/applied to myself so many times before as well when making the exact same mistakes that I thought it permissable to quote them
Trust price. Know yourself.
  • #19,479
  • Jul 17, 2007 11:56pm Jul 17, 2007 11:56pm
Quoting SeekingLight


"Trade what you see, not what you think"

It always pains me to see posts like "went short 500 pips ago, no stop, hurting now, what should I do"... :/
Me 2 i cant listen any more to those shorts if they arent made from sarcastic point of view...like this one...

GO SHORT, we are gona see 19666 TODAY...trust me, on this....
its just money
  • #19,480
  • Jul 17, 2007 11:58pm Jul 17, 2007 11:58pm
Quoting de123
Me 2 i cant listen any more to those shorts if they arent made from sarcastic point of view...like this one...

GO SHORT, we are gona see 19666 TODAY...trust me, on this....
are you dreaming? i've told many times that GU will not visit area below 2.0000 ever again to eternity!
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