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Cable Update (GBPUSD)

  • #35,101
  • Oct 11, 2007 11:55am Oct 11, 2007 11:55am
auhhgggwwwhhh !!!! Man.....I'm sooo tired...gonna take a break before I do something stupid...see you guys later ...God bless us all !!!!!!!!!
For he that would be deceived, let him.
  • #35,102
  • Oct 11, 2007 11:56am Oct 11, 2007 11:56am
What do we do now? hehehe
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  • #35,103
  • Oct 11, 2007 11:56am Oct 11, 2007 11:56am
Quoting cesarnc
How disgusting is seeing this dreaded pair, whose nickname is CHUNNEL, trading exactly as a trending pair should....



And no, I didn't take this long 6946 (23% fib) because I CHICKENED OUT!!!!!!!!!!!!!!!!!!!!!!!
Look at that beautiful breakout from a 125 degree trendline... Woow
.
  • #35,104
  • Oct 11, 2007 11:58am Oct 11, 2007 11:58am
Quoting jest1081
What do we do now? hehehe
Wait for the blue channel to break downwards (close) sell there till the white trendline (or wait) and buy again at the white trendline.
.
  • #35,105
  • Oct 11, 2007 12:00pm Oct 11, 2007 12:00pm
Quoting cesarnc
How disgusting is seeing this dreaded pair, whose nickname is CHUNNEL, trading exactly as a trending pair should....



And no, I didn't take this long 6946 (23% fib) because I CHICKENED OUT!!!!!!!!!!!!!!!!!!!!!!!
Horrible pair to trade. But looking at the dailies, it's not so bad despite the heavy margin and the bad range. $20 a pip for a standard lot. Ouch.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #35,106
  • Oct 11, 2007 12:02pm Oct 11, 2007 12:02pm
Quoting Plutonite
Horrible pair to trade. But looking at the dailies, it's not so bad despite the heavy margin and the bad range. $20 a pip for a standard lot. Ouch.
Its 1 pip on oanda.
.
  • #35,107
  • Oct 11, 2007 12:07pm Oct 11, 2007 12:07pm
well i had a good week with cable this week....i closed all my scaled in longs yesterday at the 4hr pin bar....do i get boasting rights when i accumulated my longs to 60 bucks per pip? lol.

shorted since 380...lets see where this baby heads next
  • #35,108
  • Oct 11, 2007 12:12pm Oct 11, 2007 12:12pm
Quoting jest1081
well i had a good week with cable this week....i closed all my scaled in longs yesterday at the 4hr pin bar....do i get boasting rights when i accumulated my longs to 60 bucks per pip? lol.

shorted since 380...lets see where this baby heads next
So you buy a new house, car and GF this week-end?
.
  • #35,109
  • Oct 11, 2007 12:14pm Oct 11, 2007 12:14pm
Quoting bullrock
So you buy a new house, car and GF this week-end?
  • #35,110
  • Oct 11, 2007 12:15pm Oct 11, 2007 12:15pm
Quoting jest1081
What do we do now? hehehe
Bro, or this?
"Invest With The Insiders, Not The Masses" George Muzea
  • #35,111
  • Oct 11, 2007 12:16pm Oct 11, 2007 12:16pm
Quoting bullrock
So you buy a new house, car and GF this week-end?


enough for now, time to hit bed

Happy trading to all !!!
Hello World!
  • #35,112
  • Oct 11, 2007 12:16pm Oct 11, 2007 12:16pm
Quoting jest1081
What do we do now? hehehe
Bro, or this?
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"Invest With The Insiders, Not The Masses" George Muzea
  • #35,113
  • Oct 11, 2007 12:21pm Oct 11, 2007 12:21pm
Quoting camisa
why the hell is cable coming up? SOMEONE SHOOT IT BACK DOWN!
Sorry... I finally managed to fall asleep

On another, unrelated note, and absolutely not in response to anything that went this morning, I would love to share my favorite quote with you all:

'The only problem in arguing with an idiot is that people watching may not be able to tell the difference.'
Cable is my sugardaddy
  • #35,114
  • Oct 11, 2007 12:23pm Oct 11, 2007 12:23pm
Quoting bohogirl
Sorry... I finally managed to fall asleep

On another, unrelated note, and absolutely not in response to anything that went this morning, I would love to share my favorite quote with you all:

'The only problem in arguing with an idiot is that people watching may not be able to tell the difference.'


Or this "the only difference between an intelligent act and stupid one is the outcome"
(or something similar)
Or this "if you are in a deep hole stop digging"
.
  • #35,115
  • Oct 11, 2007 12:27pm Oct 11, 2007 12:27pm
so boring................

i am listening "blaze of glory " who the singer is ?

a few beer can is my friend.....................
I Deeply Love My Virtual Life In Virtual World , RLC
  • #35,116
  • Oct 11, 2007 12:30pm Oct 11, 2007 12:30pm
Quoting bullrock

Or this "the only difference between an intelligent act and stupid one is the outcome"
(or something similar)
Or this "if you are in a deep hole stop digging"
Story of my life!!! Except, anyone who knows me never even uses 'intelligent act'... they all just say 'damn, you're one lucky bit*h!'
Cable is my sugardaddy
  • #35,117
  • Oct 11, 2007 12:43pm Oct 11, 2007 12:43pm
Quoting cesarnc
All majors broke out from their corrective pattern. That means USD has broken out of its corrective period.

When that happened like 6 months ago, we could expect 600-800 pips from cable
Cesarnc,

IMHO, correction is just getting into its second stage, current rally in EUR and Cable is giving another opportunity for bears to short. Just look at previous corrections of EUR and Cable: from Dec-Jan 2006 and July 2007. First the price goes down for couple of hundred pips, then it comes back near previous top but never takes it out, and then WHAM tumbles sharply. In my opinion current EUR levels are very very juicy to short. And that's just an opinion. If EUR takes 4280-4300 area, I will be very surprised and forced to re-think my views.
  • #35,118
  • Oct 11, 2007 12:57pm Oct 11, 2007 12:57pm
Eid Mubarak
  • #35,119
  • Oct 11, 2007 1:05pm Oct 11, 2007 1:05pm
Quoting metro
Eid Mubarak


Eid Mubarak to all!
Cable is my sugardaddy
  • #35,120
  • Oct 11, 2007 1:12pm Oct 11, 2007 1:12pm
Y, it is very juicy to short.

but Eur is getting stronger. when considering money movement, when EU-US rate difference is narrowing...while US deficit is getting worse and worse

Eur's upside is a Long term change, if chairman Bernanke does comprise market's opinion, and secondary mortgage crisis facts...... he will pose another rate in a few months time

Quoting dramapips
Cesarnc,

IMHO, correction is just getting into its second stage, current rally in EUR and Cable is giving another opportunity for bears to short. Just look at previous corrections of EUR and Cable: from Dec-Jan 2006 and July 2007. First the price goes down for couple of hundred pips, then it comes back near previous top but never takes it out, and then WHAM tumbles sharply. In my opinion current EUR levels are very very juicy to short. And that's just an opinion. If EUR takes 4280-4300 area, I will be very surprised and forced to re-think my views.
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