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Cable Update (GBPUSD)

  • #43,781
  • Dec 10, 2007 6:35am Dec 10, 2007 6:35am
Quoting AmeriTrini
ofcourse!!!!

from which price?

I was long since morning but closed before secure my profit, and open again to complete my day
  • #43,782
  • Dec 10, 2007 6:36am Dec 10, 2007 6:36am
Quoting forexguru
from which price?

I was long since morning but closed before secure my profit, and open again to complete my day
0395............
  • #43,783
  • Dec 10, 2007 6:37am Dec 10, 2007 6:37am
Quoting AmeriTrini
very good observation!!!
You are most probably right, but I had quite a lot in the trade, prepared for scalping. Did not want to risk it.
  • #43,784
  • Dec 10, 2007 6:38am Dec 10, 2007 6:38am
Resistace @ 2.0456 if its break next resistance seen at 2.0494
  • #43,785
  • Dec 10, 2007 6:38am Dec 10, 2007 6:38am
Quoting deboooo2005
Resistace @ 2.0456 if its break next resistance seen at 2.0485
surely will break easily the first one
  • #43,786
  • Dec 10, 2007 7:01am Dec 10, 2007 7:01am
Quoting McDonald
QS, should i close my long now ?
WOW... about 400+ pips!!
Actually i'm not concentrate on the market now because i'm not trading at the moment. But looking at support and resistance close it anytime at 2.0505 or below that level and take a rest for 2-3 days.
Good luck.
"Invest With The Insiders, Not The Masses" George Muzea
  • #43,787
  • Dec 10, 2007 7:14am Dec 10, 2007 7:14am
It always amazes me that figures come out showing what people already know, and the market streaks off in one direction or the other...

Don't people know that UK economy is basically sound but with some inflation and UK credit and housing is coming off ? The US was first into credit/housing problems but the rest of the economy/employment ain't that bad. This has been the case for a long time now but every time the figures show it, the market treats it as some kind of divine revelation..

So it's all evens stevens and really the only factor that is showing the market direction is the US twin deficits - and this has been the case for years now - so come on 2.10

Last week this forum was full of 'GBP is finished' etc and now all the 'I had a billion long position so hah' merchants are coming out of the woodwork

I am going to buy the dips and go with the trend

So come on 2.10 with lots of dips to ride out and positions to be in and out of between now and then
  • #43,788
  • Dec 10, 2007 7:15am Dec 10, 2007 7:15am
I am out at 2.0450 ... maybe the price will go more up but I am happy with my profit, and greed is not good
  • #43,789
  • Dec 10, 2007 7:24am Dec 10, 2007 7:24am
long from 2.0255, i am out at 2.0452.

New Strategy : Be cautious. wait for a new top then short.
Cause : Pound rate cut, awaiting what fed is going to do, EU Descending Triangle.

http://i2.tinypic.com/72zsigi.gif
  • #43,790
  • Dec 10, 2007 7:28am Dec 10, 2007 7:28am
2.0450 i short looks like.
  • #43,791
  • Dec 10, 2007 7:32am Dec 10, 2007 7:32am
Quoting FXdaily
2.0450 i short looks like.
what really separate loser from winners is impatience fear and greed. my friend, relax, drink a coca cola and watch the show. in my humble opinion a gu short is somehow risky right now.

there is still some probability it keeps rising but now is less.
i play with probabilities. no one has the ultimate truth in this huge market.
  • #43,792
  • Dec 10, 2007 7:36am Dec 10, 2007 7:36am
Quoting acidguy
what really separate loser from winners is impatience fear and greed. my friend, relax, drink a coca cola and watch the show. in my humble opinion a gu short is somehow risky right now.

there is still some probability it keeps rising but now is less.
i play with probabilities. no one has the ultimate truth in this huge market.
Buddy i know what step make
Short and tp ~2.0430 thete i start looking long !
  • #43,793
  • Dec 10, 2007 7:39am Dec 10, 2007 7:39am
And im out at 2.0450 Went long as soon as market opened back down at 330...and thats me done for the day! no greediness as that will destory you and has destoryed me before in the past!

Even tho its taken me just over a year to start making positive pips, every trade is still a risk so money management will always rule...but im so glad i dont stress over each trade... that GU long was lovely, just paid for my holiday to L.A... :
  • #43,794
  • Dec 10, 2007 7:58am Dec 10, 2007 7:58am
Quoting FXdaily
Buddy i know what step make
Short and tp ~2.0430 thete i start looking long !
ok dud sorry, just wanted to reassure you keep wealthy
  • #43,795
  • Dec 10, 2007 8:32am Dec 10, 2007 8:32am
What you all think if we get LONG before coming NEWs 3 minutes ?
  • #43,796
  • Dec 10, 2007 8:33am Dec 10, 2007 8:33am
want to play probabilities ?

ok play this one:

because 90% of traders lose money, then trading 180 degrees contrary to the majority opinion on here should have a 90% probability of profits ?


hows ya like them onions ?
  • #43,797
  • Dec 10, 2007 8:56am Dec 10, 2007 8:56am
Im LONG in with 3 lot 2.0456 IM WEITING newS MUST BE GOOD SHOOT UP !!!!
  • #43,798
  • Dec 10, 2007 9:05am Dec 10, 2007 9:05am
Quoting FXdaily
What you all think if we get LONG before coming NEWs 3 minutes ?
and some time before you wrote:

"what really separate loser from winners is impatience fear and greed."

So why didn't you listen to yourself?
  • #43,799
  • Dec 10, 2007 9:06am Dec 10, 2007 9:06am
Still not a big problem with wrong estimate, dude, I think it will fade away soon and cable still go up.
  • #43,800
  • Dec 10, 2007 9:07am Dec 10, 2007 9:07am
Quoting JanPoko
and some time before you wrote:

"what really separate loser from winners is impatience fear and greed."

So why didn't you listen to yourself?
More 3 LOTS LONG in 2.0451
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