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Cable Update (GBPUSD)

  • #47,181
  • Dec 27, 2007 11:14am Dec 27, 2007 11:14am
Quoting FXdaily
i added more Short
now i am short @1.9922 again.you seem to be right most the time..

can anyone else humour me
  • #47,182
  • Dec 27, 2007 11:15am Dec 27, 2007 11:15am
I'm short now, but I may exit soon. No faith in going down that far -- 9850 maybe.
  • #47,183
  • Dec 27, 2007 11:21am Dec 27, 2007 11:21am
1.8882? do you mean buy limit or anything else?

Quoting FXdaily
1.8882 10 LOT LONG in
  • #47,184
  • Dec 27, 2007 11:27am Dec 27, 2007 11:27am
lol, i have 4 lots in short.. waiting for the "head and shoulders" formation to form b4 i off my computer and off to bed.. T_T
  • #47,185
  • Dec 27, 2007 11:29am Dec 27, 2007 11:29am
I'm long this at 1.9900
Daily and weekly chart suggest we will see up trend till at least 2.0050

Though I suspect it may continue higher then that, given the weak US fundamentals.

Will wait and see, once I get to that point.
'When the student is ready, the teacher will come'
  • #47,186
  • Dec 27, 2007 11:30am Dec 27, 2007 11:30am
no more shorts.. 2008 all long
  • #47,187
  • Dec 27, 2007 11:34am Dec 27, 2007 11:34am
previous 4h closed with doij. should now be going short?
  • #47,188
  • Dec 27, 2007 11:47am Dec 27, 2007 11:47am
Quoting FXdaily
i added more Short

Are you still short? I think it is a good time to short now! Turning in daily channel
  • #47,189
  • Dec 27, 2007 11:48am Dec 27, 2007 11:48am
Quoting Runway Trade
Are you still short? I think it is a good time to short now! Turning in daily channel
Seems risky to me, but I'm holding a short, but would like to get out.
  • #47,190
  • Dec 27, 2007 11:57am Dec 27, 2007 11:57am
Quoting FXdaily
i added more Short
...still short & waiting 9865 to TP
  • #47,191
  • Dec 27, 2007 11:59am Dec 27, 2007 11:59am
i can't believe this ? why still short?
  • #47,192
  • Dec 27, 2007 11:59am Dec 27, 2007 11:59am
Quoting Runway Trade
Are you still short? I think it is a good time to short now! Turning in daily channel
Yes and last 4 LoT more short added
  • #47,193
  • Dec 27, 2007 12:03pm Dec 27, 2007 12:03pm
If you draw a fib on the 1h from the high on the 12th to the low on the 24th we are now on the 23.6% retactment. It can now either retract to the 38.2% @2.0066 or could test the low again at 1.9756! If it breaks 9960 then long if it breaks 9930 then short or something like that.
  • #47,194
  • Dec 27, 2007 12:10pm Dec 27, 2007 12:10pm
Next Friday (after the U.S. NF employment release) this pair will be down 200 pips from where it is now. Long away and happy New Year!
  • #47,195
  • Dec 27, 2007 12:21pm Dec 27, 2007 12:21pm
"Next Friday" good film they smoked plenty of green, maybe you do also!!
Trading is 80% Emotional, 20% Technical
  • #47,196
  • Dec 27, 2007 12:24pm Dec 27, 2007 12:24pm
Quoting arinforex
i can't believe this ? why still short?
becos a novice gambles with his losses, rides his losers longer than his winners
Trading is 80% Emotional, 20% Technical
  • #47,197
  • Dec 27, 2007 12:31pm Dec 27, 2007 12:31pm
Quoting fx local
"Next Friday" good film they smoked plenty of green, maybe you do also!!
Hey hes entitle to his opinion whether right or wrong. Sarcasm isnt appreciated.

But looking that far ahead unless your style is to trade for very long term doesnt make sense to me.
Hes probably right, it will go down 200 pips by then. At that point I will be ready to short it, once I make a correct assessment at that time.
'When the student is ready, the teacher will come'
  • #47,198
  • Dec 27, 2007 12:37pm Dec 27, 2007 12:37pm
Quoting Bodhimind
Hey hes entitle to his opinion whether right or wrong. Sarcasm isnt appreciated.

But looking that far ahead unless your style is to trade for very long term doesnt make sense to me.
Hes probably right, it will go down 200 pips by then. At that point I will be ready to short it, once I make a correct assessment at that time.
market has decided for tomorrow, long all the way, my stop losses was hit 2 times, lost, got my lesson not to go against the trend.. and life is a lesson you learn it by doing mistakes
  • #47,199
  • Dec 27, 2007 12:39pm Dec 27, 2007 12:39pm
for a while longer .... LOL
  • #47,200
  • Dec 27, 2007 12:45pm Dec 27, 2007 12:45pm
Quoting ut2DaMax
for a while longer .... LOL
just trade what you see, not what you think, if longer time frame turns to be bearish go down, but you may see a bearish trend after 300 - 400 pips.. so better we trade what we see... I did not follow this today and lost more than $700
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