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Cable Update (GBPUSD)

  • #46,641
  • Dec 21, 2007 9:07am Dec 21, 2007 9:07am
ok, let's get this bastard down

EVERYONE NOW:

PUSH!!!!
  • #46,642
  • Dec 21, 2007 9:09am Dec 21, 2007 9:09am
target hit, closed my shorts, euro is going up.. do not know why.. maybe price can go more down.. but greedy can wip up your profits

have a nice weekend all and good pips to you
  • #46,643
  • Dec 21, 2007 9:12am Dec 21, 2007 9:12am
Quoting forexguru
use 5 minute charts better with a combination of 15 m and 1 hour charts.. never go against the longer time frame charts or you will lose your shirt.. or your dress
hi forexguru ! yes i think for daytrade we at most refer to 1 hour charts.. like now the long term trend is not applicable to gu.. i learn from you all a lot, like recently on the sell from bounce and buy from dip matters, exciting!
  • #46,644
  • Dec 21, 2007 9:13am Dec 21, 2007 9:13am
now sure, gu can go really down, usd is weak and look how still pound keeps falling like a stone against it. this is weird duh. pound is really hurt.
  • #46,645
  • Dec 21, 2007 9:16am Dec 21, 2007 9:16am
Quoting hongkonger
hi forexguru ! yes i think for daytrade we at most refer to 1 hour charts.. like now the long term trend is not applicable to gu.. i learn from you all a lot, like recently on the sell from bounce and buy from dip matters, exciting!
thanks, I am happy to be helpfull to novice traders.
  • #46,646
  • Dec 21, 2007 9:21am Dec 21, 2007 9:21am
Guru, you covered shorts, you looking long now? The bearish tone is pretty heavy and might be ripe for sharp bull run, no? The pound isn't THAT bad.
  • #46,647
  • Dec 21, 2007 9:23am Dec 21, 2007 9:23am
Quoting TIckerShuffl
Guru, you covered shorts, you looking long now? The bearish tone is pretty heavy and might be ripe for sharp bull run, no? The pound isn't THAT bad.
I am out, you do not have to trade every moment.. in fact overtrading is not good as can take your profit.. just be patient and next day another trading opportunity will come.. as for now there are so mixed signals.. so I will not trade under this conditions.
  • #46,648
  • Dec 21, 2007 9:28am Dec 21, 2007 9:28am
GU can be very BULL HEADED and it does not take instruction very well.

LOL When there is a nice trend you fall in love with the moves.....then GU can be like today totally undecided and go in the jerky motion. IMO



ut2DaMax
  • #46,649
  • Dec 21, 2007 9:29am Dec 21, 2007 9:29am
EURGBP is selling off...

I am still long, laddered in on dip.
  • #46,650
  • Dec 21, 2007 9:31am Dec 21, 2007 9:31am
if today cable pass 1.09900 we will be looking for longs next week.. it is very possible as I see.
  • #46,651
  • Dec 21, 2007 9:39am Dec 21, 2007 9:39am
more than 15 times cable will upside with 9885 arround

and its not going up up up i am thinking this time it will cross

but its not doing DOES THAT MEAN we will have big downtrend coming today
or next week

LETS WATCH THE GAME !!!!!!!!!!!!!!
  • #46,652
  • Dec 21, 2007 9:48am Dec 21, 2007 9:48am
today friday thats why Market will not give good oppurtunity when market will close to go down more to get from top

thats why chances is more to go down today!
  • #46,653
  • Dec 21, 2007 9:50am Dec 21, 2007 9:50am
Quoting Designer1
more than 15 times cable will upside with 9885 arround

and its not going up up up i am thinking this time it will cross

but its not doing DOES THAT MEAN we will have big downtrend coming today
or next week

LETS WATCH THE GAME !!!!!!!!!!!!!!
We should not have to wait too long to find out. Best of luck!
  • #46,654
  • Dec 21, 2007 9:52am Dec 21, 2007 9:52am
Quoting Designer1
more than 15 times cable will upside with 9885 arround

and its not going up up up i am thinking this time it will cross

but its not doing DOES THAT MEAN we will have big downtrend coming today
or next week

LETS WATCH THE GAME !!!!!!!!!!!!!!

today the price will probably stay in this range...
  • #46,655
  • Dec 21, 2007 9:57am Dec 21, 2007 9:57am
Quoting forexguru
I am out, you do not have to trade every moment.. in fact overtrading is not good as can take your profit.. just be patient and next day another trading opportunity will come.. as for now there are so mixed signals.. so I will not trade under this conditions.
I agree!

I think the tendency to overtrade comes out of the fear that there isn't enough opportunities, but there's plenty when you're not taking losses, and making regular pips, perhaps with other currencies as well.

Even more than that, you don't want to start thinking of yourself as a "loser". The best way to do that is to avoid useless trades, so when the right ones come along, you'll have the appropriate confidence!
  • #46,656
  • Dec 21, 2007 10:04am Dec 21, 2007 10:04am
Row Row Row Your Boat Gently Down the Steam merrily, merrily, merrily, merrily, life is but a dream!!!
  • #46,657
  • Dec 21, 2007 10:12am Dec 21, 2007 10:12am
I also think it's best to be on the sidelines now. Unless you have big bucks this is dangerous territority even to scalp. Having said that tend to think the low end has less risk for now IMO ........ but what do I know really....... lol
  • #46,658
  • Dec 21, 2007 10:12am Dec 21, 2007 10:12am
Friday is very dangerous day for trading...i was up 45 pips last night but ended with -40,glad the week was one of the best.
Niice w/end ya ll & happy holiday!
  • #46,659
  • Dec 21, 2007 10:18am Dec 21, 2007 10:18am
i hope to see 1.9770 today
  • #46,660
  • Dec 21, 2007 10:22am Dec 21, 2007 10:22am
does anybody use fxcm? their platform is not working, also their website.. suspicious
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