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Cable Update (GBPUSD)

  • #24,521
  • Aug 15, 2007 7:18am Aug 15, 2007 7:18am
This is the way I prefer to trade, leave the computer, come back a couple of hours later, more pips. Go to bed, wake up, more pips. Go swim a 2km, come back more pips. Its been like this the last few days. Great.

Cha-ching *


*not affiliated with cha-chin corporation or any of its subsidairys,
we do not promote or indorse cha-chin corporation or its logo in any way or form.
Just Trade It
  • #24,522
  • Aug 15, 2007 7:19am Aug 15, 2007 7:19am
thnx god,the somali and ethiopian turists just finnished there round in usa,and safly come back to there lovely homes,many of them were very pleased of seeing america...due to the cheep us-dollar....
but,many said that they didnt like humburgers....
cable is going down and down will go...
enjoy..and make mony
  • #24,523
  • Aug 15, 2007 7:21am Aug 15, 2007 7:21am
Quoting waf_1988
Hello everybody...Greetings....

My TP was hit @ 1.9867, just near the new low @ 1.9860/64....Just merely 20pips, but...Larger lots will make my profit LARGER too..., just let the broker to be rich anyway...

Good trading today....Waiting for fundamental releases from US...Before taking any positions again...

I think it is bear enough, 4H chart is still oversold....OMG...
You ahead of me with my 1.98874
.
  • #24,524
  • Aug 15, 2007 7:21am Aug 15, 2007 7:21am
Quote
THis from HALO
Sterling’s two cent drop against the US Dollar in the last 24 hours was in a large part caused by the surprise drop in UK inflation but there are other factors in play as well. US data showed the prices paid by US producers were up 0.6 percent on the month and that was well above expectation; the US trade deficit not only narrowed in June to $58.1 billion but the May figure was revised down to $59.2 billion from $60 billion as well. So, despite another credit related drop in the US shares market, the US Dollar is still seen as a safe place to invest funds and the US Dollar is gathering strength from traders who share that view.


BlablaBlablaBlablaBlablaBlabla paid for FA bullshit.
Weekly BEOB + IB breakdown = drop.

You can trade by your chart with exact price levels for triggering your trades or you can read and believe what these clueless people try to make everyone believe post-factum without any clear to the point trading setup potential so they have a reason to get paid for their sorry jobs.
The only view the REAL traders shared was that an engulfing bearish candle PROBABLY wasn't such a hot thing for going long.

Just can't stand reports like that since it makes people believe in false prophets. Sorry for my harsh wording.

*retreats back into his cave*
Trust price. Know yourself.
  • #24,525
  • Aug 15, 2007 7:22am Aug 15, 2007 7:22am
Quoting MPP
do you know what the time will be in the uk for the release?
Yes, the US is GMT-5. UK is at GMT...So, the time shown at the FF + 5 will be the GMT time...

You can set the time in FF to be GMT and they will show you the exact time in UK when the US data released..
Hello World
  • #24,526
  • Aug 15, 2007 7:24am Aug 15, 2007 7:24am
I don't care, as both sell orders that I have with SL @ BE, so I won't lose anything, will wait and see, if I'm stopped out, I'll check what to do next
  • #24,527
  • Aug 15, 2007 7:24am Aug 15, 2007 7:24am
Quoting bullrock
You ahead of me with my 1.98874
Bullrock....How's your trading today?! Does your TP hit also?!

Are you a completely long-term trader or sometime scalp or mid-term? Your 1.9887 TP is hit, mine also hit. The difference is the entry point...I shorted the pair @ 1.9887 (right after your TP hit...) and manage to get 20pips (likely) but in larger lots since I am avoiding the news release today...
Hello World
  • #24,528
  • Aug 15, 2007 7:25am Aug 15, 2007 7:25am
Quoting tahshoon
thnx god,the somali and ethiopian turists just finnished there round in usa,and safly come back to there lovely homes,many of them were very pleased of seeing america...due to the cheep us-dollar....
but,many said that they didnt like humburgers....
cable is going down and down will go...
enjoy..and make mony
Thats what people in Hummer's eat huh?
  • #24,529
  • Aug 15, 2007 7:26am Aug 15, 2007 7:26am
Quoting Norman1
Serene,

This is the real reason for the pound's sharp decline:

http://www.foxsports.com.au/common/i...5609332,00.jpg

first India team to win a Test series in England for 21 years, emulating Kapil Dev's 1986 side.
American readers will be puzzled - never seen so many golfers celebrating...

a cricket is a bug in a bush that makes that irritating noise...
  • #24,530
  • Aug 15, 2007 7:28am Aug 15, 2007 7:28am
mid-98s is a cluch of supports. 78% fib last run up (9622/0652), 23% fib big move up from April 2006.

If it goes, good r:r for shorts, if not good r:r for longs. Either way there will be 1,000 pips from current level. 10 zillion dollar questions is (always) "which way?"
  • #24,531
  • Aug 15, 2007 7:28am Aug 15, 2007 7:28am
am i on the wrong side of teh trade?????????????????????????????????
BAM BAM BOOM! -bravado
  • #24,532
  • Aug 15, 2007 7:37am Aug 15, 2007 7:37am
Quoting bravado
am i on the wrong side of teh trade?????????????????????????????????
Are your trading these news?! I think you are nowhere...

Since the number is mixed... The direction will have some whipsaws...

CPI is bad, Core CPI as expected, and empire index is better...So the direction will be mixed by these results....

I told ya...Stay out of these news...Except NFP I guess...It worths to try...
Hello World
  • #24,533
  • Aug 15, 2007 7:37am Aug 15, 2007 7:37am
5 minute (CPI) server overload
  • #24,534
  • Aug 15, 2007 7:37am Aug 15, 2007 7:37am
news didn't move cable up 300 pips north as i wanted it to. what the hell is going on.
BAM BAM BOOM! -bravado
  • #24,535
  • Aug 15, 2007 7:38am Aug 15, 2007 7:38am
Mixed BS.

Next in 20 min.

Sun, what's your take on DJIA today? Futures are poiting down, but 13,000 big figure is just below.....

I'm clueless....
  • #24,536
  • Aug 15, 2007 7:39am Aug 15, 2007 7:39am
Quoting waf_1988
Are your trading these news?! I think you are nowhere...
yes but you don't understand. i'm bravado.

when i take a trade it is expected for it to move to that direction nimble.
BAM BAM BOOM! -bravado
  • #24,537
  • Aug 15, 2007 7:39am Aug 15, 2007 7:39am
Quoting tahshoon
thnx god,the somali and ethiopian turists just finnished there round in usa,and safly come back to there lovely homes,many of them were very pleased of seeing america...due to the cheep us-dollar....
but,many said that they didnt like humburgers....
cable is going down and down will go...
enjoy..and make mony
clock this hum dinger burger - get a lot of somalis sat round this one i bet

they wont be smallies for long... they will be whopperies

http://katestelnick.com/badlands96er.jpg
  • #24,538
  • Aug 15, 2007 7:40am Aug 15, 2007 7:40am
Guys don't forget that the sub-prime has spilled over the borders and is now a global problem.

I learned in the Brazilian army that when you get caught in crossfire you run for cover to the safest place you can find..... "quick"!!!
I think thats what people are doing and the old dollar safe haven is in play once again.

Man...I started trading in march with no previous experience...and OHHHHH boy I'm learning....."quick" !!!!!

I recall a guy from my country who used to say "Theories change in practicality"
For he that would be deceived, let him.
  • #24,539
  • Aug 15, 2007 7:40am Aug 15, 2007 7:40am
Short cable short.....:
  • #24,540
  • Aug 15, 2007 7:40am Aug 15, 2007 7:40am
Quoting waf_1988
Bullrock....How's your trading today?! Does your TP hit also?!

Are you a completely long-term trader or sometime scalp or mid-term? Your 1.9887 TP is hit, mine also hit. The difference is the entry point...I shorted the pair @ 1.9887 (right after your TP hit...) and manage to get 20pips (likely) but in larger lots since I am avoiding the news release today...
Thanx for asking.... Well 95% percent of the time I am a long term trader.... Sometimes when I see obvious opportunities and, too flatten my ego, I do some "unexpected" or "of the model" trades... I closed most of my shorts that I have opened on Monday around 2.0177 because I have met my weekly target... Some shorts are still there... But I sence a little going to the North thing...

(I do not like trailing, I just close some and put in the pocket, it feels better)

How r u??
.
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