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Cable Update (GBPUSD)

  • #19,481
  • Jul 18, 2007 1:58am Jul 18, 2007 1:58am
Quoting SeekingLight
...
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"... :/

I think some have discussed this yesterday.. "Until one has lost his money and crying out loud for help.. he is not ready to listen.."
  • #19,482
  • Jul 18, 2007 2:00am Jul 18, 2007 2:00am
Quoting de123
isnt it nice, to wake up ...in days like this... , soory for those ppl on the airplane...
Yeah its tragic, you really feal for our Brazilian colleagues today. Peace and love.
  • #19,483
  • Jul 18, 2007 2:00am Jul 18, 2007 2:00am
Quoting soros_junior
are you dreaming? i've told many times that GU will not visit area below 2.0000 ever again to eternity!
i am awake, someone else might still be dreaming, the 9666 soros, if u can read, then i suppose u can turn ur brains ON...
its just money
  • #19,484
  • Jul 18, 2007 2:01am Jul 18, 2007 2:01am
London Opens!!!! Let the ball rolling... i hearing jackpots.... cling cling cling.....
  • #19,485
  • Jul 18, 2007 2:05am Jul 18, 2007 2:05am
looks like the bulls are having a wild party here.

the russians are coming...
  • #19,486
  • Jul 18, 2007 2:07am Jul 18, 2007 2:07am
I've exited my long at 2.0500 and staying on the sidelines for now, keep in mind there is one thing that this market had taught me over many years, what comes up must come down, id 2.0550 is taking out desicively we will see some higher levels, how high?! 2.1 perhaps very soon, but the market is poised for a big correction, all the signs are there, when majority of the people are screaming doom for the dollar it would be the best time to take them out(take thei money). Reading this forum I'm gettign more and more bearish. Happy trading all.
  • #19,487
  • Jul 18, 2007 2:09am Jul 18, 2007 2:09am
Quoting gene22
I've exited my long at 2.0500 and staying on the sidelines for now, keep in mind there is one thing that this market had taught me over many years, what comes up must come down, id 2.0550 is taking out desicively we will see some higher levels, how high?! 2.1 perhaps very soon, but the market is poised for a big correction, all the signs are there, when majority of the people are screaming doom for the dollar it would be the best time to take them out(take thei money). Reading this forum I'm gettign more and more bearish. Happy trading all.
Nice first post. Welcome.
  • #19,488
  • Jul 18, 2007 2:12am Jul 18, 2007 2:12am
Quoting treadline
why is there no meeting minutes forecast? long if its over 5-4 and short if its below 5-4 right. at least thats my understanding.

that;s the turning point of cable,u r right treadline,there is no forecast for meeting minutes,
becasue if there is a forecast traders can get the idea,where mrkt will move,
history is witness that whenever there is no forecast market trend changes after that.

by the friday u will se cable at 2.0325 (that;s the challenge)

rgds

lord of fx"
LIVE LOVE LAUGH KRISHNA
  • #19,489
  • Jul 18, 2007 2:14am Jul 18, 2007 2:14am
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....


I had a really weird dream just before alarm went off this morning...

That I was watching my charts when suddenly a continuous (never ending) red candle was forming so fast until a level was reached at zero...funny dreams are!! So immediately switched on my machine....

I trade dax too, and sure enough there was a huge red candle!! though of course not to the proportions in my dream.......
  • #19,490
  • Jul 18, 2007 2:17am Jul 18, 2007 2:17am
Quoting gene22
I've exited my long at 2.0500 and staying on the sidelines for now, keep in mind there is one thing that this market had taught me over many years, what comes up must come down, id 2.0550 is taking out desicively we will see some higher levels, how high?! 2.1 perhaps very soon, but the market is poised for a big correction, all the signs are there, when majority of the people are screaming doom for the dollar it would be the best time to take them out(take thei money). Reading this forum I'm gettign more and more bearish. Happy trading all.
I too am on sidelines waiting for big correction to start buying again. 130 looks very probable in coming weeks. who knows but 1 thing is for sure - COT is extreme and warning of a big correction or reversal.
Man who scratches ass should not bite fingernails
  • #19,491
  • Jul 18, 2007 2:17am Jul 18, 2007 2:17am
Quoting gene22
I've exited my long at 2.0500 and staying on the sidelines for now, keep in mind there is one thing that this market had taught me over many years, what comes up must come down, id 2.0550 is taking out desicively we will see some higher levels, how high?! 2.1 perhaps very soon, but the market is poised for a big correction, all the signs are there, when majority of the people are screaming doom for the dollar it would be the best time to take them out(take thei money). Reading this forum I'm gettign more and more bearish. Happy trading all.

I couldn`t agree with you more, so many reversal signs for dollar pairs, not just technical but fundemental as well, just look at wall st. the dow went from 13,000 to 14,000 in ONLY three months. Every day is another record.
Just Trade It
  • #19,492
  • Jul 18, 2007 2:24am Jul 18, 2007 2:24am
gbpjpy

short at 250.20 stop,

frst target 247.60
secondtarget 245...

rgds

lord of fx"
LIVE LOVE LAUGH KRISHNA
  • #19,493
  • Jul 18, 2007 2:34am Jul 18, 2007 2:34am
This Damn Cable won't goin down. what if there is no correction this time? "there will be always the first time for everything"
  • #19,494
  • Jul 18, 2007 2:34am Jul 18, 2007 2:34am
hare, hare, krishna krishna, the buda is long...!
If the dow is going up, that means the currency is going down,...when someone is telling that economy means the same as currency, it makes me sick...i wona trow up...
its just money
  • #19,495
  • Jul 18, 2007 2:35am Jul 18, 2007 2:35am
There were some options on cable around 550 area, it did get defended for now, the charts are not supporting my view of a correction, but judjing by the price action it should come soon, the pound will run out of steam and crash down to 130 area first, then we shall see what happens next. I expect a correction this week, at the latest next. Big boys are extremelly short and have been for the past 3 weeks, can you guess who will pay them, yes the bullish stupid public expecting this run to never end...
  • #19,496
  • Jul 18, 2007 2:39am Jul 18, 2007 2:39am
Quoting angiegiles00
I had a really weird dream just before alarm went off this morning...

That I was watching my charts when suddenly a continuous (never ending) red candle was forming so fast until a level was reached at zero...funny dreams are!! So immediately switched on my machine....

I trade dax too, and sure enough there was a huge red candle!! though of course not to the proportions in my dream.......
Funny...I thought I was the only one dreaming about the market.

Question...when do the majority of Europeans take vacation in the summer???

Thanks in advance
  • #19,497
  • Jul 18, 2007 2:40am Jul 18, 2007 2:40am
Quoting gene22
There were some options on cable around 550 area, it did get defended for now, the charts are not supporting my view of a correction, but judjing by the price action it should come soon, the pound will run out of steam and crash down to 130 area first, then we shall see what happens next. I expect a correction this week, at the latest next. Big boys are extremelly short and have been for the past 3 weeks, can you guess who will pay them, yes the bullish stupid public expecting this run to never end...


Nice second post!

I have a feeling you have another ID here already. Hehe.
  • #19,498
  • Jul 18, 2007 2:44am Jul 18, 2007 2:44am
Quoting Turtle
Funny...I thought I was the only one dreaming about the market.

Question...when do the majority of Europeans take vacation in the summer???

Thanks in advance
Yeah, scary the dream was!! It was quite spooky, as the large red candle on the DAX chart this morning was formed in 1 minute!! Coincided with the time I was having my dream!!

I would say in UK most people have holiday from mid July to mid september to coincide with school holidays - could be same 4 rest of EU

Angie
  • #19,499
  • Jul 18, 2007 2:44am Jul 18, 2007 2:44am
No Dimmi, just this one, usually don't watch the market this closely, but I think we are at a very significant levels here, trying to take some long term 1-2 years positions, so got bored, decided to post, good luck
  • #19,500
  • Jul 18, 2007 2:44am Jul 18, 2007 2:44am
Quoting Islander
Update on previous post...
How is your PF?
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