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Cable Update (GBPUSD)

  • #45,341
  • Dec 17, 2007 9:38am Dec 17, 2007 9:38am
LONG GU OR SHORT GU I AM CONFUSED
i am watching the cable like i dont have any money for trade!
  • #45,342
  • Dec 17, 2007 9:40am Dec 17, 2007 9:40am
Quoting FXdaily
I trade for LIVING man and i think im alive,dont come and say here i making wrong decussions .
Then all is okey.
Good job you are not an English teacher for a living...If you are so good then why bother with this forum ? You would be too busy spending it.

Now lets get some real opinion and try and gain something from it rather than all this about guitars and all the school ground squabbling
  • #45,343
  • Dec 17, 2007 9:42am Dec 17, 2007 9:42am
http://www.dailywealth.com/images/bh...otes_title.gif

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Rice, Soybeans, and Canola oil

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To laugh, to learn, and to teach!
  • #45,344
  • Dec 17, 2007 9:42am Dec 17, 2007 9:42am
Quoting FXdaily
Im out -12 pipses 6 LOT LONG in 2.0160
Cable going UP ~2.02
what about your 6 lot?
  • #45,345
  • Dec 17, 2007 9:46am Dec 17, 2007 9:46am
Quoting Designer1
what about your 6 lot?
allready 15 points out = Last trade was 3 LOT -12 = -360$
This trade was 6 LOT +15 = +900$

Looking for new LONG but Looks like trend changes DOWN.
  • #45,346
  • Dec 17, 2007 9:47am Dec 17, 2007 9:47am
Quoting allserene
Good job you are not an English teacher for a living...If you are so good then why bother with this forum ? You would be too busy spending it.

Now lets get some real opinion and try and gain something from it rather than all this about guitars and all the school ground squabbling
Yes i have time spend here i allready traded more than 2 years alone its aafull here i can talk with other thats makes better feeling not much stress then !
  • #45,347
  • Dec 17, 2007 9:50am Dec 17, 2007 9:50am
Quoting allserene
Good job you are not an English teacher for a living...If you are so good then why bother with this forum ? You would be too busy spending it.

Now lets get some real opinion and try and gain something from it rather than all this about guitars and all the school ground squabbling
I double real money account after 2 mounths .
  • #45,348
  • Dec 17, 2007 9:51am Dec 17, 2007 9:51am
weekly trend line will break soon and GOES DOWN trend entire week

DOWN TREND IS ON FOR ENTIRE WEEK!!!!!!!
  • #45,349
  • Dec 17, 2007 9:52am Dec 17, 2007 9:52am
If cable closes the day above 2.0152, it will show divergnce on stochastics. I suspect that the lowest it will go 2.0096 tomorrow then bounce back up.
This low could be the start of a new slow rally upwards.

But lets see where the day closes.
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  • #45,350
  • Dec 17, 2007 9:57am Dec 17, 2007 9:57am
2.0167 Look For Short Then Starts Good Run Down
  • #45,351
  • Dec 17, 2007 9:57am Dec 17, 2007 9:57am
Quoting allserene
There are many who play the US stock market who cheer loudly every time USD goes down and say they are cheating the foreigners out of the cash deposits they have made in USD at the same time as crippling people like Airbus to the benefit of Boeing.

Driving down your own currency and not incurring inflation (because of china's willingness to hold prices and oil being priced in USD) is presented as a great thing for the US to be doing, so why not say things to send it down even further ?

A strengthening dollar would hurt US exports and suck in more imports causing US job losses and cause slump-deflation and slow inward investment - why would the Fed want that ?
Makes sense on paper, but seems like the idea is either not relevant or there just needs to be a little time to carve out a bottom somewhere along here.
  • #45,352
  • Dec 17, 2007 10:01am Dec 17, 2007 10:01am
Its first UP ~2.0167 then run ~2.00 area
  • #45,353
  • Dec 17, 2007 10:07am Dec 17, 2007 10:07am
I just don't see how The pound can be worth over 2, while Euro is wallowing in the 1.40's realtive to the USD.

Frankly AUD seems like the one with any decent prospects going forward. Asia is the place to be for growth. UK is going to get hurt perhaps like US with housing.

As far as trades here go, I am uncertain, so I am moving on to AUDUSD for interest and growth story.
  • #45,354
  • Dec 17, 2007 10:12am Dec 17, 2007 10:12am
2.0161 SHORT in
  • #45,355
  • Dec 17, 2007 10:14am Dec 17, 2007 10:14am
Quoting FXdaily
2.0161 SHORT in
2.0175 StopLOSS
  • #45,356
  • Dec 17, 2007 10:26am Dec 17, 2007 10:26am
Quoting spiritbreezer
If cable closes the day above 2.0152, it will show divergnce on stochastics. I suspect that the lowest it will go 2.0096 tomorrow then bounce back up.
This low could be the start of a new slow rally upwards.

But lets see where the day closes.
That is awesome TA

But divergence on stochastic will only tell us what happened today, and not what will happen tomorrow. It will not tell us whether economic data will be bad for UK and good all the way for US which will then mark start of a new descending trend till end of the year for bears

TA always do not give what if ..........fundamental, the results always
disastrous!
  • #45,357
  • Dec 17, 2007 10:40am Dec 17, 2007 10:40am
Quoting FXdaily
I double real money account after 2 mounths .
quote wall street - 'fast buck artists come and go with every bull market - it's fundamentals that count'

2 mounths isn't long enough - if you are still doubling your wad after 24 mounths then you can write a book on how to do it and double your money in 1 mounth.

However, you are putting your money where your mounth is and that has to be applauded and there is only one judge as to the worth of your system and that is the market so keep doing it and good luck....
  • #45,358
  • Dec 17, 2007 10:44am Dec 17, 2007 10:44am
today more convinced medium-long term target is 1.98 but not this week. we need to touch 2.0250 - 2.0350, also eu has to touch above 1.44 area to correct which is not being painted by the current undecided market and usd not rallying but also holding.

we need another news release to help decide the market what to do or very choppy trade is expected.


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add on from a big player blog :
cad threatens.
As discussed in today's OMW, the unit looked very fatigued to me, and the sell-off, no matter the reason, is a solid technical move. Now, if the unit can't hold this momentum line, 0.9910 is awaiting as first support (moderate). The thing is that the USD bears view this move as the end of the USD correction, and new lows should be expected...
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usd still has momentum but is fading, tha danger is usd has rallied just too much too fast, and fast backfires are pretty probables.
  • #45,359
  • Dec 17, 2007 11:03am Dec 17, 2007 11:03am
Im out today Tottaly : +53 points
Today morning i allready exchanged my USD dollars in my bank account with our currency EEK becos price was good last week it was 1 $ - 10,52 EEK but this week is 10,84 EEK i exchanged 3.000$
  • #45,360
  • Dec 17, 2007 11:20am Dec 17, 2007 11:20am
Quoting metamorph
feel like everyday is Friday now

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