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Cable Update (GBPUSD)

  • #3,141
  • Dec 22, 2006 8:54am Dec 22, 2006 8:54am
Quoting mtrmth
hey 1712, that is what we guys do!!! but we all know you stilll love us!!
I can see how drinking tea and eating chocolate led you to believe I was female but it's not the case. Men need comfort food too

Real story, had surgery on my jaw recently and so I can't behave badly for a while. In fact, today is the first time I have been able to chew on something in over a week.

Back to the task at hand. The market has held the 20 area for quite a while now. If necessary I'll close at 38 to neutralise my 10pip loss earlier otherwise I suppose I'll just wait until 1600 to close. To be honest I think we can get one more small move out of this.

All in all whether I make a profit or break even from 1330 it's been a very interesting afternoon.
  • #3,142
  • Dec 22, 2006 8:55am Dec 22, 2006 8:55am
below 100 pip today ? this is friday ! , still move must be at least 100.
I Deeply Love My Virtual Life In Virtual World , RLC
  • #3,143
  • Dec 22, 2006 8:55am Dec 22, 2006 8:55am
Quoting cesarnc
Easy people... This baby has a lot to give yet.... Still mirroring yesterday and last week...
  • #3,144
  • Dec 22, 2006 8:55am Dec 22, 2006 8:55am
she looks good all dressed up uh
  • #3,145
  • Dec 22, 2006 8:57am Dec 22, 2006 8:57am
man did she bounce off that 596........
Quoting dobbie11
620 is a major support if it breaks it good with some force and stays down their and not just bounce like it did before then she will fall. But I am not sure their are enough traders in the market to do so.
  • #3,146
  • Dec 22, 2006 8:59am Dec 22, 2006 8:59am
Its starting to go down now
  • #3,147
  • Dec 22, 2006 9:01am Dec 22, 2006 9:01am
She is giving Chirstmas gifts to all traders. Long live Her Majesty.

Happy and Merry christmas.

Regards,

Vasu
  • #3,148
  • Dec 22, 2006 9:05am Dec 22, 2006 9:05am
my comfort food is lasagna or steak!!! i save the chocolate for the women, oh wait, i am here at the computer trying to make money, i have no women!!!
juat trying to make some good money for a nice xmas bonus for me. then maybe new years eve will be good!!!
  • #3,149
  • Dec 22, 2006 9:06am Dec 22, 2006 9:06am
Loss of -2 pips from -80, best Christmas gift ever.
  • #3,150
  • Dec 22, 2006 9:07am Dec 22, 2006 9:07am
Ahhhh. I took profit at 611 shortly after that irritating bounce off 596. Still, 37 pips from that minus 10 from earlier. I'm quite pleased with that considering my usual performance on news days leaves alot to be desired.

It's getting late in the day. Someone mentioned that it's mirroring yesterday and last week. You'll notice the down move terminated at 1500 yesterday. I'm probably wrong but I'm definitely not chasing any more out of the market today.

I've had a staggering week. It's just a damn shame it was all on a demo account.

Quick queston. Does anyone find the fact that the market is closed so much over the next week or so a pain? I suppose I do because It's uni hols and now I actually have the time to sit and stare at the screen.
  • #3,151
  • Dec 22, 2006 9:07am Dec 22, 2006 9:07am
about 3 times off the 9600. what will the close of the european mrkets bring us??? more selling or more buying??? anyone have a clue??
  • #3,152
  • Dec 22, 2006 9:11am Dec 22, 2006 9:11am
Just keep in mind what it did over the Thanksgoving weekend when it was suppose to do nothing. Just saying one never knows.
Quoting 17121712
Ahhhh. I took profit at 611 shortly after that irritating bounce off 596. Still, 37 pips from that minus 10 from earlier. I'm quite pleased with that considering my usual performance on news days leaves alot to be desired.

It's getting late in the day. Someone mentioned that it's mirroring yesterday and last week. You'll notice the down move terminated at 1500 yesterday. I'm probably wrong but I'm definitely not chasing any more out of the market today.

I've had a staggering week. It's just a damn shame it was all on a demo account.

Quick queston. Does anyone find the fact that the market is closed so much over the next week or so a pain? I suppose I do because It's uni hols and now I actually have the time to sit and stare at the screen.
  • #3,153
  • Dec 22, 2006 9:15am Dec 22, 2006 9:15am
TL bounces, like I said, good for a quick 15-20 pips at times, if you're lucky they can restart moves
Attached Image
Trust price. Know yourself.
  • #3,154
  • Dec 22, 2006 9:16am Dec 22, 2006 9:16am
STEAK!!! I love steak but I can't have any for ages.

That's my diet at uni. Steak or curry with the odd mexican pasta dish for a bit of variation.

I'm a little irritated with myself that I didn't at least wait for the price to retest 596, I could have squeezed another 10 pips out of that position.

I suppose this game is like poker, the more hands you play the better you get. Only problem is that you can only really get through 2 or 3 trades a day on big news days otherwise it's just the one if the opportunity arises.
  • #3,155
  • Dec 22, 2006 9:20am Dec 22, 2006 9:20am
Quoting SeekingLight
TL bounces, like I said, good for a quick 15-20 pips at times, if you're lucky they can restart moves
The two trendlines are forming a wedge. We should a break of trendlines today.
  • #3,156
  • Dec 22, 2006 9:22am Dec 22, 2006 9:22am
Wow
  • #3,157
  • Dec 22, 2006 9:23am Dec 22, 2006 9:23am
there are always moves, you just have to be ready for them. usually the moves come at the close of the asian and open of the european, the close of the european markets. the only prob is that sometimes they are slow motion and you see them after they happen on the longer timeframes. big news days usually bring massive short term moves, then consolidation and profit taking. patience is the big key here, and i am slowly learning it. maybe i should think of it as a vice, they are more fun!!!!
  • #3,158
  • Dec 22, 2006 9:25am Dec 22, 2006 9:25am
Well Folks. I am done for the weekend. I like to say I have not be on this trend long but I do enjoy reading all your post and every so often put my 2 cents in, for whay it is worth. Not a bad day 98 pips, 1 trade still open with a TP at 525 and a SL at 630. I hope everyone has a very Merry Christmas be safe and see u next time. and their she goes as I type. Think I will change the TP to 515 and SL to 600
  • #3,159
  • Dec 22, 2006 9:25am Dec 22, 2006 9:25am
guess ppl just like to have profit in christmas,...so closing overbought positions,...anybody folish enough to enter,...like me?...short or long??
its just money
  • #3,160
  • Dec 22, 2006 9:25am Dec 22, 2006 9:25am
This is great. I almost backed out and went long. Up 85 pips. I have a bad habit of closing out when im down.
trading on demo is not trading
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