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Cable Update (GBPUSD)

  • #28,281
  • Aug 31, 2007 9:22am Aug 31, 2007 9:22am
[DJ] President Bush, about to weigh in with proposals to address the subprime mortgage crisis, hasn't changed his mind that the housing market is headed for a soft landing, says White House spokesman Tony Snow. "No, but it's a problem and it's one that needs to be addressed," Snow said. Earlier this month, Bush told reporters that "at this point in time" it appears a soft landing is likely for the housing sector.
  • #28,282
  • Aug 31, 2007 9:23am Aug 31, 2007 9:23am
Quoting CWH
Bush's speech might drag it further down...

:
Good point...go long until Bush...then go short again......

At least we know 0200 has been cleared.......
  • #28,283
  • Aug 31, 2007 9:23am Aug 31, 2007 9:23am
Quoting pino2
I will post this in my room if it happened, and it seems it will
The breakout is gone already...

Cīmon, long at the breakout was the right trade with the information we had. Specially on all major pairs doing the same..

The market came against us? Well the market rules. What you gonna do? LOL...

That's what SLs are for...

I'm just happy that I survived without taking the usual TUMBLES I take when screwups like this emerge... There is a winner trade right around the corner
  • #28,284
  • Edited 9:36am Aug 31, 2007 9:24am | Edited 9:36am
It looks like the dailies are forming a pin bar. I usually don't pay attention to that kind of things but since i read a bit about it yesterday, i would like to read some opinions, if there are any.
  • #28,285
  • Aug 31, 2007 9:25am Aug 31, 2007 9:25am
Snipping is the best way to deal with such a day, but you must be fully concentrated
  • #28,286
  • Aug 31, 2007 9:26am Aug 31, 2007 9:26am
Quoting phn
price bouncing on lower trendline
What timeframe is that?

I have a trendline in the 4hr and right now it's at 0070
  • #28,287
  • Aug 31, 2007 9:26am Aug 31, 2007 9:26am
Quoting Warper
It looks like the dailies are forming a pin bar. I don't pay attention to that kind of things but since i read a bit about it yesterday, i would like to read some opinions, if there are any.
you warper are the funniest poster here in FF, and I care to read your posts
  • #28,288
  • Aug 31, 2007 9:27am Aug 31, 2007 9:27am
Quoting Warper
It looks like the dailies are forming a pin bar. I don't pay attention to that kind of things but since i read a bit about it yesterday, i would like to read some opinions, if there are any.
I have a strategy that is running daily and started to load shorts around 2.05... It is still running... (LAUGH GOES HERE, EVERYONE)... I am targeting the 1.98-1.97 area... or below.
.
  • #28,289
  • Aug 31, 2007 9:28am Aug 31, 2007 9:28am
Quoting benssol
you warper are the funniest poster here in FF, and I care to read your posts
Lol... hey... just a missing word....

Check again...

Can you see the new word?
  • #28,290
  • Aug 31, 2007 9:29am Aug 31, 2007 9:29am
2.101 must be reached first it is the 1st key for going down
  • #28,291
  • Aug 31, 2007 9:30am Aug 31, 2007 9:30am
Have to wait till the end of the day
.
  • #28,292
  • Aug 31, 2007 9:33am Aug 31, 2007 9:33am
Up up up keep on going up you bastard, now I have 2 long trades for cable
2.0115 changed SL to BE
2.0135 SL @ BE (I don't want to lose a single penny today)
  • #28,293
  • Aug 31, 2007 9:33am Aug 31, 2007 9:33am
Do you think Bush will make investors feel better with his upcoming speech?????????
  • #28,294
  • Aug 31, 2007 9:34am Aug 31, 2007 9:34am
Quoting pino2
Up up up keep on going up you bastard, now I have 2 long trades for cable
2.0115 changed SL to BE
2.0135 SL @ BE (I don't want to lose a single penny today)
That is a good one... I was trembling...
.
  • #28,295
  • Aug 31, 2007 9:36am Aug 31, 2007 9:36am
Stock market sold Bernanke's and is buying Bush right now... Let's see if the goods are good. Otherwise, down again

Hope stays, but B.S. is not tolerated in the market...
  • #28,296
  • Aug 31, 2007 9:38am Aug 31, 2007 9:38am
Cable I forgot to tell you something, don't tell me that you will have hard time to break the 190 level again today, you were dying to break it since the begining of the week, and you only broke today to kill my shorts
  • #28,297
  • Aug 31, 2007 9:39am Aug 31, 2007 9:39am
Quoting cesarnc
Stock market sold Bernanke's and is buying Bush right now... Let's see if the goods are good. Otherwise, down again

Hope stays, but B.S. is not tolerated in the market...
Yea, already lost with Bernanke....but lessons learned....

Did just lock in some profit and now will see what Bush's gives me to possibly re-enter.....
  • #28,298
  • Aug 31, 2007 9:39am Aug 31, 2007 9:39am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting Turtle
Do you think Bush will make investors feel better with his upcoming speech?????????
Negative...

"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #28,299
  • Aug 31, 2007 9:40am Aug 31, 2007 9:40am
lol... Bush already said on inumerous ocasions "i don't understand much of economics"

Only stock traders like in Usa will stop to listen economics from a person that assumes not to know anything about it.
  • #28,300
  • Aug 31, 2007 9:41am Aug 31, 2007 9:41am
Quoting cesarnc
What timeframe is that?

I have a trendline in the 4hr and right now it's at 0070
it was 1H, but it also works on 4H on my broker
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