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Cable Update (GBPUSD)

  • #4,281
  • Jan 2, 2007 3:35am Jan 2, 2007 3:35am
Quoting cesarnc
Whatever!

Question is: there's a triangle/pennant since the 9800s high, built from a strong uptrend. What I mean is: there is a strong uptrend still in the air, so getting short into this market is a RISKY BUSINESS.

The naturally expected exit from this triangle/pennant is another strong uptrend...

Am I wrong on this ?
This channel is weak because of lack of volume, but your strong uptrend catalyst is valid? Not trying to argue, I'm sure you have a better grasp on this than I, but that just sounds way too forced and contradictory. Uptrend long term - yes, but can you really feel that strongly about the post thanksgiving moves - I don't know?
Man who scratches ass should not bite fingernails
  • #4,282
  • Jan 2, 2007 3:38am Jan 2, 2007 3:38am
Quoting cesarnc
What's telling you to? This holding above 9700?

Just want to know how you're thinking. I'm still out and very unsure...
My system scan the market then told me to buy at market.
If I Go Broke Trying Then I Will die happy.
  • #4,283
  • Jan 2, 2007 3:39am Jan 2, 2007 3:39am
Quoting Moe
My system scan the market then told me to buy at market.
that helps
Man who scratches ass should not bite fingernails
  • #4,284
  • Jan 2, 2007 3:40am Jan 2, 2007 3:40am
Quoting Leugimp
that helps
i'm just messing moe, i really love your news posts, thanks for all the help and good luck on your future endeavors.
Man who scratches ass should not bite fingernails
  • #4,285
  • Jan 2, 2007 3:44am Jan 2, 2007 3:44am
Quoting Leugimp
that helps
I'm gonna see what will be out if this next bump at 9720s.... I'm in a very critical position here to "test" the market... Needing to be confident to go in...

I'm not just doubting to get you guys confused... I'm confused in the first place.
  • #4,286
  • Jan 2, 2007 3:44am Jan 2, 2007 3:44am
Hey guys, what about if we go short at 1.9715 at forex,

ang go long British pound future BPH7 1.9616,....

both with 100k ????

I am serious at this question!, i wont to earn some money,....in a very liqied market its moving in the same direction,...now i dont know this globex will start tomorow with a gap or,...will do what?
its just money
  • #4,287
  • Jan 2, 2007 3:47am Jan 2, 2007 3:47am
Quoting Leugimp
that helps
Serious, the system is pre-build so i cant tell you how it got it buy order.
If I Go Broke Trying Then I Will die happy.
  • #4,288
  • Jan 2, 2007 3:52am Jan 2, 2007 3:52am
Quoting Moe
went long @ 1.9707
t/p 1.9742, s/l 1.9677 Im going to bed.
If I Go Broke Trying Then I Will die happy.
  • #4,289
  • Jan 2, 2007 3:54am Jan 2, 2007 3:54am
hey L,

well that news really made the market jump!! what next? another flat period like the last 2 and then a nice retrace profit taking or set up for tomorrow when everyone gets opened finally for the new year??
  • #4,290
  • Jan 2, 2007 4:00am Jan 2, 2007 4:00am
Ok Folks this is a great way to start off the New Year. Judging everyone's predictions???? Their is no one here that can predict the market. And I was under the impression that this forum was to give insight and different opinions. Not to @%*@ at each other. When I first got onto this forum it was very helpful and everyone like helping everyone. But I can see why certain people do not want to post because then we point fingers. That is BULL. You still have to make the trade. So you can only blame one person if the trade doesn't go your way and that is YOU. I was long and made some pips I am short now from 718. with a tight stop. So lets help each other and have a pipin new year
  • #4,291
  • Jan 2, 2007 4:05am Jan 2, 2007 4:05am
Quoting dobbie11
Ok Folks this is a great way to start off the New Year. Judging everyone's predictions???? Their is no one here that can predict the market. And I was under the impression that this forum was to give insight and different opinions. Not to @%*@ at each other. When I first got onto this forum it was very helpful and everyone like helping everyone. But I can see why certain people do not want to post because then we point fingers. That is BULL. You still have to make the trade. So you can only blame one person if the trade doesn't go your way and that is YOU. I was long and made some pips I am short now from 718. with a tight stop. So lets help each other and have a pipin new year
i apologize if my comments came out that way, the only person it truly helps me be critical of is myself - oh and i was just stopped out at 30
Man who scratches ass should not bite fingernails
  • #4,292
  • Jan 2, 2007 4:10am Jan 2, 2007 4:10am
hey L was not just saying you,seems like it has been going on for a while fixme1too had help a lot of people and then he made a few bad moves and everyone pointed fingers. my stop is 748 that is tight for me I like a 50 pip stop in this kind of market but that is me.
Quoting Leugimp
i apologize if my comments came out that way, the only person it truly helps me be critical of is myself - oh and i was just stopped out at 30
  • #4,293
  • Jan 2, 2007 4:12am Jan 2, 2007 4:12am
my opinion, if it counts for anything, i think some people have been a little snippy because the market has been so choppy instead of hitting 2.0 or so, then running back to 195 in pretty much a straight line, so we all can make lots of pips and be happy. i don't think anyone here made the thanksgiving money and thought maybe the christmas market would do the same. it didn't, no christmas bonus, we are all very unhappy ! the big boys are pulling our chains and we are not happy. like i said, just my opinion.
  • #4,294
  • Jan 2, 2007 4:13am Jan 2, 2007 4:13am
Quoting Moe
went long @ 1.9707
t/p 50 pips s/l breakeven
If I Go Broke Trying Then I Will die happy.
  • #4,295
  • Jan 2, 2007 4:19am Jan 2, 2007 4:19am
is GBP pmi 51.4? doesn't show on refresh.
Right teaching produces right believing leads to right living. - J.P
  • #4,296
  • Jan 2, 2007 4:21am Jan 2, 2007 4:21am
I Hear that. When I open the market it was at 165 and I said I should go long. But I did not because of the hoilday. Then I looked again and it moved 500 pips and I was still neverous about going long so i waited. But if you go back and look at some of the GBP History this is what it does after a big move for months. So us little guys need to take our 20 to 50 maybe a 100 pips at a time and . one thing about a choppy market is it will only move up or down a certain amount of pips so u can hang in thier longer. So lets roll with the big boys and laugh at them because they can onlY fool the fools. Be patient and wait for the move. It will come you can count your pips on it.
Quoting mtrmth
my opinion, if it counts for anything, i think some people have been a little snippy because the market has been so choppy instead of hitting 2.0 or so, then running back to 195 in pretty much a straight line, so we all can make lots of pips and be happy. i don't think anyone here made the thanksgiving money and thought maybe the christmas market would do the same. it didn't, no christmas bonus, we are all very unhappy ! the big boys are pulling our chains and we are not happy. like i said, just my opinion.
  • #4,297
  • Jan 2, 2007 4:34am Jan 2, 2007 4:34am
i would just like to stick it to them once, but good!!! i think most of us here have a thing with patience, it would be nice if it was a download ! patience is the big boy, and when i master him, the pips will be mine!!!!!
  • #4,298
  • Jan 2, 2007 5:31am Jan 2, 2007 5:31am
jump out earlier with 26 pip profit. went long again @ 1.9698 s/l 26 pips
If I Go Broke Trying Then I Will die happy.
  • #4,299
  • Jan 2, 2007 5:53am Jan 2, 2007 5:53am
Happy new year to you all .....again!

Hope you guys made new year resolutions.........My resolution is to keep fit.....lol ........have to work out a lot.......my trading suck's want to improve with you all's help.......

Now EST time 6.51a.m GBP 1.9700.......any of you go long now or waiting for retracement? GBP has gained already 130 pips from last and I couldn't catch the move.......
Hope someone can share some light for my first trade on 2007.........
Blessings
Banda
BANDA333
  • #4,300
  • Jan 2, 2007 6:57am Jan 2, 2007 6:57am
Quoting Moe
jump out earlier with 26 pip profit. went long again @ 1.9698 s/l 26 pips
im out +11 waiting to get back in
If I Go Broke Trying Then I Will die happy.
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