We are in a freakin' triangle if that helps...
.
Cable Update (GBPUSD)
- #29,062
- Sep 5, 2007 5:52am Sep 5, 2007 5:52am
Hello folks,
GBPUSD exactly at the 61.8 level of the last bull run, things looking very bearish on the dailies despite an ugly little pin bar on the H4 that is mostly due to inaction. I'm shorting, TP 1.9935.
EURUSD looking very bearish in comparison, european currencies are losing to the dollar and yen. Speaking of the yen, I'm shorting all crosses due to japanese stock market strength (se reuters today) and price action. Tight SL on all these are needed because statistically speaking we are in the middle of SMA deviation channels in many cases. In other words the statistics is not heavily guiding us here.
Finally to mirror the Yen crosses I bought USDCAD (and, unrelatedly, sold USDCHF), so double whammy losses there if I'm unlucky
Somebody please tell me I'm not the only one out here. Oh yes, and pray for me
Good luck.
I have been saying this pair looks like it's going down. Take a look at the daily chart. It looks like it is playing around with people's mind, though.
However, it looks strange to me, almost scary at what it is going to do next.
- #29,063
- Sep 5, 2007 5:53am Sep 5, 2007 5:53am
- Joined Sep 2006 | Status: Trader | 2,163 Posts
"Invest With The Insiders, Not The Masses"
George Muzea
- #29,064
- Sep 5, 2007 5:54am Sep 5, 2007 5:54am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
I am sorry cesarnc.Please accept my apologies... I did not want to disgust you. I dont know what I do anyway.
Sounds like Mr. Walker is standing by........
- #29,065
- Sep 5, 2007 5:58am Sep 5, 2007 5:58am
- | Joined May 2007 | Status: Trader | 4,716 Posts
You never know which of your trades will be the big winner, right?
And this is why we wait...study the market....read up on the current events....watch our charts, so that we are ready for when that big winner is coming around the corner....
- #29,066
- Sep 5, 2007 6:15am Sep 5, 2007 6:15am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
There's this lousy Beige Book coming today. Never seen the currencies moving because of it, but I don't know about the stock market...
Same old crap in Europe and Asia:
"Hey! There is an important economic release today!!! Oh my God, I know, I know it's coming bad... Man, I'm f@#@#ed, it's coming bad... Oh gees, my life savings... I'm busted, Oh my God... I'm selling out!"
And Dow Jones closes +80
Same old crap in Europe and Asia:
"Hey! There is an important economic release today!!! Oh my God, I know, I know it's coming bad... Man, I'm f@#@#ed, it's coming bad... Oh gees, my life savings... I'm busted, Oh my God... I'm selling out!"
And Dow Jones closes +80
- #29,067
- Sep 5, 2007 6:18am Sep 5, 2007 6:18am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
There's this lousy Beige Book coming today. Never seen the currencies moving because of it, but I don't know about the stock market...
Same old crap in Europe and Asia:
"Hey! There is an important economic release today!!! Oh my God, I know, I know it's coming bad... Man, I'm f@#@#ed, it's coming bad... Oh gees, my life savings... I'm busted, Oh my God... I'm selling out!"
And Dow Jones closes +80
``I am negative about the outlook for stocks and would not buy right now,'' said Alejandro Velasco, who helps manage $530 million at Banca Privada D'Andorra in Andorra. ``What worries me most is the upcoming earnings season. We still have not seen all the problems from subprime, failed debt investments and other issues.''
As this fella is going "negative" because "he doesn't know", dow jones is going positive, 1,000 points off the lows.
I think this mindset is wrong. There's always a huge problem in the next corner. We don't know if there's a bubble in China, we don't know what bin laden is going to do next and when, we don't know if North Korea is really haulting its nuclear plans, so forth so forth so forth....
"I'm negative because we still don't know if Lindsey Lohan is clean or if she could crash her car in Wall Street injurying some hedge fund CEO".... Go to hell
- #29,068
- Sep 5, 2007 6:19am Sep 5, 2007 6:19am
- Joined Sep 2006 | Status: Trader | 2,272 Posts
I place my trades and lock stop at B/E.
Ok. i can enter a contra position, so i pay the costs and spread...besides he lowered the margin by 2...this broker has gonne totally crazy!!!, ill just have to trade forex futures from now on ,...i am pissed all the way to mexico, and all right now, when the kiking should be near,....
its just money
- #29,069
- Sep 5, 2007 6:25am Sep 5, 2007 6:25am
how the pair just moved above 0100s i thought we were going go down toward 1.9950s or something.??????????????????????????????? what trigered this move?
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
- #29,070
- Edited 6:44am Sep 5, 2007 6:27am | Edited 6:44am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
well cesar thats why ill stop trading forex, u see u can set sl at be, my broker doesn accept this, sl, has to be at least 100 pips away...can u imagine that?!...HALOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO....
Ok. i can enter a contra position, so i pay the costs and spread...besides he lowered the margin by 2...this broker has gonne totally crazy!!!, ill just have to trade forex futures from now on ,...i am pissed all the way to mexico, and all right now, when the kiking should be near,....
Next week I'll start my learning to start tradign the stock market here in Brazil. Another looonggg way to go, but, I think it will be nice. Brazil is also facing the same panic with the US market, but the forecast here is for a monstrous amount of IPOs.
With the last plane crash, aviation companies are cheap right now and this sector is a big winner in the long run... So I'm watching TAM like a hawk...
- #29,071
- Sep 5, 2007 6:30am Sep 5, 2007 6:30am
- Joined Jul 2007 | Status: al zahr | 2,820 Posts
well cesar thats why ill stop trading forex, u see u can set sl at be, my broker doesn accept this, sl, has to be at least 100 pips away...can u imagine that?!...HALOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO....
Ok. i can enter a contra position, so i pay the costs and spread...besides he lowered the margin by 2...this broker has gonne totally crazy!!!, ill just have to trade forex futures from now on ,...i am pissed all the way to mexico, and all right now, when the kiking should be near,....
.
- #29,072
- Sep 5, 2007 6:32am Sep 5, 2007 6:32am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
And you know what it the funny part about the aviation stocks in Brazil? Now that is going to crack you guys up.
There is this psychic here who actually foresaw the last plane crash. Fight #, date and hour!!! He releases letter with his premonotions and all.
And now this fellow have a letter issued in 2006 foreseeing another plance crash (HUGE) on October, 29th at the São Paulo Int'l Airport
So ALL AVIATION SHARES are stalled at the bottom....
I mean... Who's gonna bet against this SOB?
There is this psychic here who actually foresaw the last plane crash. Fight #, date and hour!!! He releases letter with his premonotions and all.
And now this fellow have a letter issued in 2006 foreseeing another plance crash (HUGE) on October, 29th at the São Paulo Int'l Airport
So ALL AVIATION SHARES are stalled at the bottom....
I mean... Who's gonna bet against this SOB?
- #29,073
- Sep 5, 2007 6:37am Sep 5, 2007 6:37am
And you know what it the funny part about the aviation stocks in Brazil? Now that is going to crack you guys up.
There is this psychic here who actually foresaw the last plane crash. Fight #, date and hour!!! He releases letter with his premonotions and all.
And now this fellow have a letter issued in 2006 foreseeing another plance crash (HUGE) on October, 29th at the São Paulo Int'l Airport
So ALL AVIATION SHARES are stalled at the bottom....
I mean... Who's gonna bet against this SOB?
To laugh, to learn, and to teach!
- #29,074
- Sep 5, 2007 6:38am Sep 5, 2007 6:38am
- Joined Sep 2006 | Status: Trader | 2,272 Posts
Isn't changing broker easier than changing market? Just an opinion...
Next week I'll start my learning to start tradign the stock market here in Brazil. Another looonggg way to go, but, I think it will be nice. Brazil is also facing the same panic with the US market, but the forecast here is for a monstrous amount of IPOs.
With the last plane crash, aviation companies are cheap right now and this sector is a big winner in the long run... So I'm watching TAM like a rock...
its just money
- #29,075
- Sep 5, 2007 6:39am Sep 5, 2007 6:39am
- Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
well cesar thats why ill stop trading forex, u see u can set sl at be, my broker doesn accept this, sl, has to be at least 100 pips away...can u imagine that?!...HALOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO....
Ok. i can enter a contra position, so i pay the costs and spread...besides he lowered the margin by 2...this broker has gonne totally crazy!!!, ill just have to trade forex futures from now on ,...i am pissed all the way to mexico, and all right now, when the kiking should be near,....
I use CMC spreadbet in London and they are always 3 pips spread... the s/l is very tight too...
Unfortunately I must leave them behind when I go to live in the 'land of the free ' as spreadbet is illegal there ... then I must look for a slick, fair, broker with tiny spreads that don't change... or get a bike and forget it....
- #29,077
- Sep 5, 2007 6:48am Sep 5, 2007 6:48am
- | Joined May 2007 | Status: Trader | 4,716 Posts
Will get some action starting around 8:15am est..........
- #29,078
- Sep 5, 2007 6:49am Sep 5, 2007 6:49am
- Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts
well cesar thats why ill stop trading forex, u see u can set sl at be, my broker doesn accept this, sl, has to be at least 100 pips away...can u imagine that?!...HALOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO....
Ok. i can enter a contra position, so i pay the costs and spread...besides he lowered the margin by 2...this broker has gonne totally crazy!!!, ill just have to trade forex futures from now on ,...i am pissed all the way to mexico, and all right now, when the kiking should be near,....
- #29,079
- Sep 5, 2007 6:57am Sep 5, 2007 6:57am
- Joined Sep 2006 | Status: Trader | 2,272 Posts
Are you serious?
its just money
- #29,080
- Sep 5, 2007 7:00am Sep 5, 2007 7:00am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts