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Cable Update (GBPUSD)

  • #60,341
  • Apr 3, 2008 8:07am Apr 3, 2008 8:07am
Quoting duflingy
short for sure. am thinking the gb will drop to around 735 before halting today. was a good night for scalping tho. some good entries.. few pips at a time...

www.forex-24-7.com taught me some good methods...

happy trading all
Many people trade demo with Rick and don't see the somewhat obvious massive drawdowns that he has sometimes. He might get 30 -50 pips per day, but he will NEVER discuss his 300 or more pip drawdowns. They just disappear and get forgotten. Trade a real account with your own money with him and you will discover the reality.
  • #60,342
  • Apr 3, 2008 8:09am Apr 3, 2008 8:09am
Quoting Turveyd
BUT Shorting currently is like jumping infront of a train, catch the train don't go SPLAT!!
exactly plus the markets are reacting with much exaggeration to benny so its better to stay out and come later and eat the leftovers.(much better than being eaten)
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #60,343
  • Apr 3, 2008 8:09am Apr 3, 2008 8:09am
Quoting adrianebn
bones think cable reach 19900 today?
well I suppose it depend on news,Ive locked in profit and am long for today
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #60,344
  • Apr 3, 2008 8:10am Apr 3, 2008 8:10am
Standard trap most people fall for, selective memory, ignore the huge losers congratulate the small wins and fail to chart the direction of your account.

Yes i chart my account value, it's in a up trend baby


Resistance at £400 caused by last time I got to 399.25 ish I dropped to £200 inside of 2hours getting gambly and trying to get it back and margin called that week back to £50


So Rec on my account is SHORT
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,345
  • Apr 3, 2008 8:12am Apr 3, 2008 8:12am
Quoting Bones
My 1 hour
Bones, I like your analysis.
I too am long here after getting +73 on the short this morning.
  • #60,346
  • Apr 3, 2008 8:16am Apr 3, 2008 8:16am
Eur weakness is the issue, depressing the GU, EU can't break over my 12hour line or 5600 with confidence.

That breaks up, it'll raise GU no doubt!!

WHY did I tighten the stop, had it at 15
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,347
  • Apr 3, 2008 8:22am Apr 3, 2008 8:22am
Quoting fx local
from news wire

GBP/USD: Helped Off Post-Data Low by Eastern European Demand London,
April 3. Eastern European demand for GBP is being touted as a factor in cable"s sharp rally from a post-UK service sector PMI and BoE credit conditions survey intra-day low of 1.9760. The rally from 1.9760 has run into resistance at 1.9820. Demand at 1.9820 was absorbed earlier this morning (BST), following good size selling from a UK clearer. The UK clearer selling was reportedly on behalf of a Middle Eastern account. - ABUAWAD WAS THIS YOU!!!!

1.9847 (today"s Asian session base), 1.9882 (today"s Asian session top) and 1.9900 (yesterday"s high) are GBP/USD resistance levels north of 1.9820. 1.9748 (yesterday"s low) and 1.9728 (Tuesday"s four-week floor) are support points south of 1.9760.
can you provide me the link
  • #60,348
  • Apr 3, 2008 8:29am Apr 3, 2008 8:29am
Abuawad, it's cheating you realise being a multi billionaire and moving the markets yourself just to look good on here, costly to I bet
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,349
  • Apr 3, 2008 8:35am Apr 3, 2008 8:35am
Quoting Abuawad
can you provide me the link
Abuawad, do you mind having a look at this post, thanks:

http://www.forexfactory.com/showpost...ostcount=60329
Darkness lies one inch ahead..
  • #60,350
  • Apr 3, 2008 8:35am Apr 3, 2008 8:35am
Quoting Turveyd
Abuawad, it's cheating you realise being a multi billionaire and moving the markets yourself just to look good on here, costly to I bet
is that possible???
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #60,351
  • Apr 3, 2008 8:40am Apr 3, 2008 8:40am
cable touched 19900

what you think ppl?
  • #60,352
  • Edited 8:46am Apr 3, 2008 8:41am | Edited 8:46am
Quoting adrianebn
cable touched 19900

what you think ppl?
Im staying in
...but Ive already locked in +40 so I'm happy regardless and anything extra is a bonus
  • #60,353
  • Apr 3, 2008 8:48am Apr 3, 2008 8:48am
looking at 1hr, the high was made higher than the last lower high of the downtrend, now a higher low, and as I type this a higher high;
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ex member
  • #60,354
  • Apr 3, 2008 8:48am Apr 3, 2008 8:48am
i locked in some profit and will let it run!

hope goes up more
  • #60,355
  • Apr 3, 2008 8:54am Apr 3, 2008 8:54am
this ISM Non-Manufacturing Composite number might change cable's bullish movement or push it even further possibly towards 2.000 by the end of the US session.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #60,356
  • Apr 3, 2008 8:56am Apr 3, 2008 8:56am
big hearing also with bear steaarns, NY fed gienther and bernanke at 3pm
Trading is 80% Emotional, 20% Technical
  • #60,357
  • Apr 3, 2008 9:02am Apr 3, 2008 9:02am
http://banking.senate.gov/public/ind...4-ab93be32ad38

link to bernaknake and bear stearns hearing live!
Trading is 80% Emotional, 20% Technical
  • #60,358
  • Apr 3, 2008 9:05am Apr 3, 2008 9:05am
For all those who held and didn't over tighten there stops RESPECT!!!

Caution though looking at the UJ and EU action I don't see much more upside really.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,359
  • Apr 3, 2008 9:09am Apr 3, 2008 9:09am
thanks for the link.
  • #60,360
  • Apr 3, 2008 9:16am Apr 3, 2008 9:16am
no worries, MT4 charts gone down?!
Trading is 80% Emotional, 20% Technical
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