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Cable Update (GBPUSD)

  • #46,721
  • Dec 23, 2007 5:28am Dec 23, 2007 5:28am
Guys,

How the trade will be during christmas day as it is international holiday? the trading will be going on as usual or totally slow?

thanks
"life is a lesson, you'll learn it when you're through"
  • #46,722
  • Dec 23, 2007 6:18am Dec 23, 2007 6:18am
Quoting FXdaily
No this week candle ends headed UP.
What do you mean by this? What timeframe are you referring to?
Darkness lies one inch ahead..
  • #46,723
  • Dec 23, 2007 7:23am Dec 23, 2007 7:23am
Quoting FXdaily
I say ju that buddy ..be ready if market opened today then go LONG right now if its opened and enjoy pipses
Sir : please be more clear . Do you think 1.0760 will be seen on monday ?
  • #46,724
  • Dec 23, 2007 7:25am Dec 23, 2007 7:25am
Quoting FXdaily
I say ju that buddy ..be ready if market opened today then go LONG right now if its opened and enjoy pipses

Sir : can you please be more clear . do u think 1.9760 will be seen ?
  • #46,725
  • Dec 23, 2007 7:34am Dec 23, 2007 7:34am
Quoting TraderJR
What do you mean by this? What timeframe are you referring to?
I mean that coming week Cable going only UP right now i use H4 chart .
  • #46,726
  • Dec 23, 2007 7:35am Dec 23, 2007 7:35am
Quoting Im lost
Sir : can you please be more clear . do u think 1.9760 will be seen ?
No i mean we see ~2.00 you must buy gbp/usd.
  • #46,727
  • Dec 23, 2007 7:41am Dec 23, 2007 7:41am
there's realy only 2 trading days this week dec-27, dec-28, most broker's will close on dec-24 and don't open up till 1-3am dec-26.
If I Go Broke Trying Then I Will die happy.
  • #46,728
  • Dec 23, 2007 7:46am Dec 23, 2007 7:46am
Quoting FXdaily
No i mean we see ~2.00 you must buy gbp/usd.
I wish so Sir , Im allready LONG since 2.0400 , so any more DOWN I will be the SMALL FISH .
  • #46,729
  • Dec 23, 2007 7:47am Dec 23, 2007 7:47am
Take your short profits, IMO... Not sure if you saw this, but it's interesting http://www.pfxglobal.com/index.php?o...705&Itemid=149
  • #46,730
  • Dec 23, 2007 8:00am Dec 23, 2007 8:00am
Quoting TIckerShuffl
Take your short profits, IMO... Not sure if you saw this, but it's interesting http://www.pfxglobal.com/index.php?o...705&Itemid=149
Page no exist !!!
Can you explain what was there ?
  • #46,731
  • Dec 23, 2007 8:01am Dec 23, 2007 8:01am
Quoting Im lost
I wish so Sir , Im allready LONG since 2.0400 , so any more DOWN I will be the SMALL FISH .
I was long at 2.04XX or so and took a loss after about 100 pips, I would have never survived this drop. Now I am long to 2.01XX
  • #46,732
  • Dec 23, 2007 8:09am Dec 23, 2007 8:09am
Quoting TIckerShuffl
I was long at 2.04XX or so and took a loss after about 100 pips, I would have never survived this drop. Now I am long to 2.01XX

So what do u think I should do to stay breething ?
  • #46,733
  • Dec 23, 2007 8:24am Dec 23, 2007 8:24am
Quoting FXdaily
Page no exist !!!
Can you explain what was there ?
Decent video that went through the major pairs and talked about some short covering in GBPUSD that might push up to 2.02. It was first time I saw that website, but I was impressed with the guy in the videos. Try going to main page and click on article about USD BULLS GO ON VACATION.
  • #46,734
  • Dec 23, 2007 8:32am Dec 23, 2007 8:32am
Quoting TIckerShuffl
Decent video that went through the major pairs and talked about some short covering in GBPUSD that might push up to 2.02. It was first time I saw that website, but I was impressed with the guy in the videos. Try going to main page and click on article about USD BULLS GO ON VACATION.
Then im sure hes right 2.02 yes wery possible but then not this week but next !!!
  • #46,735
  • Dec 23, 2007 9:32am Dec 23, 2007 9:32am
ticker,
why would you go long again at 2.0100? Never fight the market...
  • #46,736
  • Dec 23, 2007 10:26am Dec 23, 2007 10:26am
The most important thing in trading is by far without a doubt, hands down or whatever cliche you want to put here, THE EXIT. Weather you have a profit or loss your exit is the absolute most important factor in trading.

This lesson was paid for by a host of trading mistakes that I have made over 15 years of trading, seeing my most profitable trades become less profitable, my bad trades become worse and my marginal trades become losers

It is very easy to find any supporting reason for the way you think the market will move in your desired direction. That type of thinking must be ignored or you will lose big if you hope. I have said this before, but if you trade you should have an account that you can hedge, period. It is a tool all professional traders use to protect their account when the markets move against them.
  • #46,737
  • Dec 23, 2007 12:59pm Dec 23, 2007 12:59pm
did all brokers close Monday & Tuesday

Trade starting on Wednesday
  • #46,738
  • Dec 23, 2007 1:05pm Dec 23, 2007 1:05pm
Quoting XLInvestor
The most important thing in trading is by far without a doubt, hands down or whatever cliche you want to put here, THE EXIT. Weather you have a profit or loss your exit is the absolute most important factor in trading.

EXCELLENT POINT!!!!!!!!!!

It's the key to being a successful trader.......

HOLLA
  • #46,739
  • Dec 23, 2007 1:26pm Dec 23, 2007 1:26pm
if you trade over the holiday period you will regret it. Two things can happen

1) nothing

2) very nasty spikes banging 100 pips in seconds then back down in ultra thin market.

Serious players are not in the market till Monday 7th January and nor should you be otherwise your trading for fun and lose and not to make money.
  • #46,740
  • Dec 23, 2007 1:44pm Dec 23, 2007 1:44pm
Im long at 9850, just hoping for a retracement to at least 9950, Im showing oversold on the 4 hour and 8 hour charts, but see some more room on the downside on the daily and weekly charts, 9600 area.... if this fails, then I wont touch longs until 9600. Now, no more chart looking till boxing day while the wife shops. Its time for some rum and egg nogs...
Jeff
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