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Cable Update (GBPUSD)

  • #1,521
  • Dec 12, 2006 8:31pm Dec 12, 2006 8:31pm
I have not got that far yet, I use cingular. I didn't know if you actually got the phone from them, or my wireless company. If you find out more PM me, and I will do the same with you. I am going to Canada this Friday, and will be gone until after the 1st. I will not be trading at all for a few weeks, my luck the market will finally dive while I am gone.

Monarch

Quoting mmccormac
I may start trying it next week... I just need to buy the phone to go with it. I use Verizon wireless right now, but I'm trying to figure out what phone would be best to use. Have you done any research on this (bigger the screen the better)?
  • #1,522
  • Dec 12, 2006 8:33pm Dec 12, 2006 8:33pm
gotta go, talk with you later.
  • #1,523
  • Dec 12, 2006 8:37pm Dec 12, 2006 8:37pm
Anyone have some thoughts on where the GBP is headed when Europe opens up tonight? It's looking like it wants to go higher imo based off my MACD and MA indicators. Also, it appears to be forming a flag formation and if it breaks the double top (last high from Friday) it should go higher. What's the concensus?

Qwik
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #1,524
  • Dec 12, 2006 8:38pm Dec 12, 2006 8:38pm
  •  hakeem
  • | Joined Nov 2006 | Status: Goldish as Sun & bright as Moon | 37 Posts
Hi gents,


I c an uptrend today, i'm expecting GBP to pullback to the daily pivot around 670-680 where i will go long from there, 40-60 pips TF and 20 pips as SL.

Good morning
  • #1,525
  • Dec 12, 2006 9:26pm Dec 12, 2006 9:26pm
Quoting trader69
i think you meant to say counter, not countour? either way, don't use stops. and if u r gonna use stops, give yourself more room when tradin' the pound. also, why did u put your stop there? was it below support, or just 40 pips away from you entry? how may times have you picked the right direction only to be stopped out, then have it run back in your direction? i would guess that u r right more than u r wrong. just my humble opinion.
Thanks for the reply, reason being i set a stop at that point was because. Daily low was at that point. Either i get stopped out too early or it doesn't reach my limit and reverse. When i do leave a open position in without stop. Well, it just runs forever and i get call margin. "I'm stressed and frustrated at this choppy GBP".
  • #1,526
  • Dec 12, 2006 9:57pm Dec 12, 2006 9:57pm
  •  hakeem
  • | Joined Nov 2006 | Status: Goldish as Sun & bright as Moon | 37 Posts
The pair won't go lower than this, I'm long now, my SL is 1.9690, TF 750.


Good trading
  • #1,527
  • Dec 12, 2006 10:29pm Dec 12, 2006 10:29pm
No one knows what its going to do in a hour or so, but the reversal is over. Get ready to see that 2.0 touched. Don't know if its going to do it this year, however, get ready for the big moves.

Quoting Qwiktrader
Anyone have some thoughts on where the GBP is headed when Europe opens up tonight? It's looking like it wants to go higher imo based off my MACD and MA indicators. Also, it appears to be forming a flag formation and if it breaks the double top (last high from Friday) it should go higher. What's the concensus?

Qwik
A. Finesse Williams Making Millions One Pip At A Time!
  • #1,528
  • Dec 12, 2006 10:33pm Dec 12, 2006 10:33pm
hmm what trade, one trade you aim 750 pips.it is 50-75% of your account could be.this thread is the most active on this forum i guess.
  • #1,529
  • Dec 12, 2006 10:35pm Dec 12, 2006 10:35pm
Hey Bro...

This is likely going to be a very good trade. I wouldn't be comfortable with a stop that tight, though. Price is only six pips above your stop right now.

It would be a shame if you had to watch this one from the sidelines.
Quoting hakeem
The pair won't go lower than this, I'm long now, my SL is 1.9690, TF 750.



Good trading
Is your SL my TP?
  • #1,530
  • Dec 12, 2006 10:37pm Dec 12, 2006 10:37pm
It is finally breaking below 9700. Any thoughts how far it will go before the move up? The two hours before London are classic... It always seems they like to eat up stops before driving it the way they really want it to go. Seems to create what I like to call the "V". I'm thinking it could go as far as 9665 but expect it to slow around 9775. Any thoughts?
  • #1,531
  • Dec 12, 2006 10:45pm Dec 12, 2006 10:45pm
Oh shit..I cant think rite now.but still can swallow u know.the trend still not very strong.hmm last week is awesome.I love trending market.



Quoting mmccormac
It is finally breaking below 9700. Any thoughts how far it will go before the move up? The two hours before London are classic... It always seems they like to eat up stops before driving it the way they really want it to go. Seems to create what I like to call the "V". I'm thinking it could go as far as 9665 but expect it to slow around 9775. Any thoughts?
  • #1,532
  • Dec 12, 2006 10:56pm Dec 12, 2006 10:56pm
London Open will drive it up I imagine.

We have had a small drop since the Frankfurt Opened at 1.9708, now we watch for our rise up again.

I think this is becoming a popular phrase - "rise up again"

Monarch
  • #1,533
  • Dec 12, 2006 10:59pm Dec 12, 2006 10:59pm
Quoting monarch
London Open will drive it up I imagine.

We have had a small drop since the Frankfurt Opened at 1.9708, now we watch for our rise up again.

I think this is becoming a popular phrase - "rise up again"

Monarch
We have a close below 9700 on the 1hr now... I just meant the hour leading up to London... You think the move is over already? I'm not playing the short but would like to see it fall a little before London.
  • #1,534
  • Dec 12, 2006 11:02pm Dec 12, 2006 11:02pm
Your predictions are getting closer by the minute.

Now at 1.9689


Quoting mmccormac
It is finally breaking below 9700. Any thoughts how far it will go before the move up? The two hours before London are classic... It always seems they like to eat up stops before driving it the way they really want it to go. Seems to create what I like to call the "V". I'm thinking it could go as far as 9665 but expect it to slow around 9775. Any thoughts?
  • #1,535
  • Dec 12, 2006 11:08pm Dec 12, 2006 11:08pm
There is usually a 25 pip drop right after the open.

The open is at 2:00 am E.T. Correct?

If so, it should place us around the 1.9675 area before we make a way up again.

Monarch
  • #1,536
  • Dec 12, 2006 11:12pm Dec 12, 2006 11:12pm
Quoting monarch
There is usually a 25 pip drop right after the open.

The open is at 2:00 am E.T. Correct?

If so, it should place us around the 1.9675 area before we make a way up again.

Monarch
It begins to move good at 2:00am eastern but the actual London open is at 3am Eastern. I hope it does make it to 9675 so we can get the better entry.
  • #1,537
  • Dec 12, 2006 11:16pm Dec 12, 2006 11:16pm
I am also waiting for Long at the right entry point.

Where that may be, we will see.

Monarch
  • #1,538
  • Dec 12, 2006 11:17pm Dec 12, 2006 11:17pm
Quoting monarch
There is usually a 25 pip drop right after the open.

The open is at 2:00 am E.T. Correct?

If so, it should place us around the 1.9675 area before we make a way up again.

Monarch
Man I wished I lived in your time zone... London open is only at 12am for you. I live in Mountain time and while it's only an hour difference it makes a difference. Good luck tonight!
  • #1,539
  • Dec 12, 2006 11:29pm Dec 12, 2006 11:29pm
Quoting mmccormac
Man I wished I lived in your time zone... London open is only at 12am for you. I live in Mountain time and while it's only an hour difference it makes a difference. Good luck tonight!
I trade all the time, if it is midnight I don't feel it. My body is on Empty during the week when the market is open. I then use my weekends to reevaluate the week and prepare for the next week. I need at least 4 hours of sleep to keep my brain from going numb.

Wait..... My brain is numb already. I can tell by the crazy positions I have taken.

Monarch
  • #1,540
  • Dec 12, 2006 11:45pm Dec 12, 2006 11:45pm
There are always a lot of people viewing this thread.

We need some feedback with your ideas.

Help us a little here peeps.

Thanks

Monarch
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