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Cable Update (GBPUSD)

  • #2,601
  • Dec 19, 2006 8:48am Dec 19, 2006 8:48am
i originally went long off the 123 bottom before at asain open yesterday at 9490 also a bounce off pitchfork center line.
  • #2,602
  • Dec 19, 2006 8:51am Dec 19, 2006 8:51am
cable still going up - very unsure of very to enter or not ? Speech at 6.00 pm
mama
  • #2,603
  • Dec 19, 2006 8:52am Dec 19, 2006 8:52am
Does anyone think this is going to turn around or are we heading towards 9700? I know nobody really knows and some people don't want to open there mouths because others will jump into the trade they hear.
trading on demo is not trading
  • #2,604
  • Dec 19, 2006 9:03am Dec 19, 2006 9:03am
yes high chances are it will but not a good entry for long if ur not in already.
  • #2,605
  • Dec 19, 2006 9:05am Dec 19, 2006 9:05am
Quoting enoc2g
i originally went long off the 123 bottom before at asain open yesterday at 9490 also a bounce off pitchfork center line.

Please can you post your chart.
  • #2,606
  • Dec 19, 2006 9:12am Dec 19, 2006 9:12am
here it is... 123 at support with nice break thru, nice setup didnt know about the euro business report at 4am that helped the move overnight.
Attached Image
  • #2,607
  • Dec 19, 2006 9:15am Dec 19, 2006 9:15am
I find this extremely amusing " a statistical quirk " lol


"US PPI data is being dismissed as a statistical quirk and the euro has rebounded close to pre-data levels," said Jamie Coleman at Thomson IFR Markets.
The euro had earlier gained after a very strong German business confidence survey suggested that Europe's largest economy may be faring better than previously thought "
  • #2,608
  • Dec 19, 2006 9:22am Dec 19, 2006 9:22am
this can also be looked at as 1 big bull flag in an uptrend based on the 4hr chart...
Attached Image
  • #2,609
  • Dec 19, 2006 9:37am Dec 19, 2006 9:37am
Remember what happened the week of Thanksgiving... !!!??? This is holiday week too...
  • #2,610
  • Dec 19, 2006 9:37am Dec 19, 2006 9:37am
testing 9670 for the 3rd time in less than 1 hour.... This baby got fuel, huh?
  • #2,611
  • Dec 19, 2006 10:05am Dec 19, 2006 10:05am
Quoting cesarnc
testing 9670 for the 3rd time in less than 1 hour.... This baby got fuel, huh?
lots of it.
If I Go Broke Trying Then I Will die happy.
  • #2,612
  • Edited 10:53am Dec 19, 2006 10:15am | Edited 10:53am
... can you find yourself in the middle of that crowd?

http://i2.photobucket.com/albums/y28...l_dec_19_2.jpg
  • #2,613
  • Dec 19, 2006 10:23am Dec 19, 2006 10:23am
yeap.
I think i was not in the crowd. Why ?

Because i was the cow.
  • #2,614
  • Dec 19, 2006 10:33am Dec 19, 2006 10:33am
I thought it would retrace several times when it reached the 1.9600 mark after the PPI, but what the hell happen here? Who make the bulls go crazy? You think the spanish matador
  • #2,615
  • Dec 19, 2006 10:36am Dec 19, 2006 10:36am
Quoting fxpinoy
I thought it would retrace several times when it reached the 1.9600 mark after the PPI, but what the hell happen here? Who make the bulls go crazy? You think the spanish matador
Yup. This is no bullshit...
  • #2,616
  • Dec 19, 2006 10:38am Dec 19, 2006 10:38am
look at 5/30/06 - look similar at all. What happened that day?
Man who scratches ass should not bite fingernails
  • #2,617
  • Dec 19, 2006 10:42am Dec 19, 2006 10:42am
Quoting Moe
lots of it.
moe its not down, its not like london movement, its just make me bleeding hard,,,,,,, hard.
I Deeply Love My Virtual Life In Virtual World , RLC
  • #2,618
  • Dec 19, 2006 10:43am Dec 19, 2006 10:43am
So in other words, your thinking the retrace is going to be coming on fast?
I dream, therefore I become.
  • #2,619
  • Dec 19, 2006 10:49am Dec 19, 2006 10:49am
I put in a trade this morning, long cable at 1.9620. I closed the trade at 1.9640 cause I thought it would surely go down. I did this even though my system (vegas) didnt give me any signals to close the trade. I feel really stupid now
  • #2,620
  • Dec 19, 2006 10:52am Dec 19, 2006 10:52am
sticking to the rules is the hardest thing ever... nice run up on the pound, testing 9700 its late in the day now will wait for late asian early london to re-engineer an entry.
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