On-site guru & also FF member's' psychiatrist, when not drinking tea
Cable Update (GBPUSD)
- #51,201
- Jan 28, 2008 9:54am Jan 28, 2008 9:54am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
- #51,203
- Jan 28, 2008 9:58am Jan 28, 2008 9:58am
- | Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts
an corrective gu wave has been completed.
hope traders can send it even higher to put another short.
here is a good today explanation about gu.
http://www.dailyfx.com/story/dailyfx...528091040.html
hope traders can send it even higher to put another short.
here is a good today explanation about gu.
http://www.dailyfx.com/story/dailyfx...528091040.html
- #51,204
- Jan 28, 2008 9:59am Jan 28, 2008 9:59am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #51,205
- Jan 28, 2008 10:00am Jan 28, 2008 10:00am
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
Humble Lifetime Member
- #51,209
- Jan 28, 2008 10:11am Jan 28, 2008 10:11am
- | Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts
have not put sl, i am risking little % of account. and if goes up, every 100 pips, going to put another short.
if after 2 other shorts keep going up, around every 300 pips will put stronger shorts. hope this is the scenario. 
a funny game when you know whats the right side.
last week, the ones who played this game with uj made tons of pips, and some. good $cash$.
but a sl arount 1.9905 can be nice.
if after 2 other shorts keep going up, around every 300 pips will put stronger shorts
. hope this is the scenario. a funny game when you know whats the right side.
last week, the ones who played this game with uj made tons of pips, and some. good $cash$.
but a sl arount 1.9905 can be nice.
- #51,211
- Jan 28, 2008 10:19am Jan 28, 2008 10:19am
have not put sl, i am risking little % of account. and if goes up, every 100 pips, going to put another short.
if after 2 other shorts keep going up, around every 300 pips will put stronger shorts
a funny game when you know whats the right side.
last week, the ones who played this game with uj made tons of pips, and some. good $cash$.
but a sl arount 1.9905 can be nice.
But this is forex and try to imagine the idea, that market will go against you for 1 or 2 k of pips, and it will last for few years, whats then?
- #51,215
- Jan 28, 2008 10:51am Jan 28, 2008 10:51am
- | Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts
well guys, we hit green ground again , there are some bearish engulfements there.
duh. we have gone from 1.93 lows to 19850 in just 1 week, also pound fundamentals has not changed. even the housing prices keep deflating in the overvalued gbp.
end of year, is usd does not crash, $1.70-$1.80 is possible.
top banks around the world agree the best short for 2008 is pound.
also they bid boys are pro aussie and gbp/aud, could be a nice buffer.. dollar route, everyone is confused
, there are some bearish engulfements there.duh. we have gone from 1.93 lows to 19850 in just 1 week, also pound fundamentals has not changed. even the housing prices keep deflating in the overvalued gbp.
end of year, is usd does not crash, $1.70-$1.80 is possible.
top banks around the world agree the best short for 2008 is pound.
also they bid boys are pro aussie and gbp/aud, could be a nice buffer.. dollar route, everyone is confused
- #51,217
- Jan 28, 2008 11:13am Jan 28, 2008 11:13am
- | Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts
how many pips it would going down acid?i think it just spiky movement...what do u think?
there is still something supporting the usd, many investors around the world think Trichet is a moron for not cutting rates. sorry for that harsh word, but is the truth
