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Cable Update (GBPUSD)

  • #63,741
  • May 1, 2008 9:07am May 1, 2008 9:07am
Woow so difficult trader in this week ???
Grasp all lose all
  • #63,742
  • May 1, 2008 9:16am May 1, 2008 9:16am
Quoting Teefoo
Woow so difficult trader in this week ???
TP @ 1.9630 if the 4 h candle close bellow 1.9740
  • #63,743
  • May 1, 2008 9:17am May 1, 2008 9:17am
Quoting nAVIN2007
yeah i was but i didnt get pips infact i exited at a loss.....oh well i really need to get in check with my emotions i exited cause i dont think funny enough today it will sink because of the weekly chart
we have been down threee times already and price got rejected, im expecting this week to end bullish so i actually bought at the 50 retracement ...

dude SIMPLIFY!!!! Trade whats happening, not whats happened over the last 4weeks.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #63,744
  • May 1, 2008 9:17am May 1, 2008 9:17am
Carrying two longs. 1.9835 and 1.9736... It has been a good week so far
  • #63,745
  • May 1, 2008 9:19am May 1, 2008 9:19am
Quoting Turveyd
dude SIMPLIFY!!!! Trade whats happening, not whats happened over the last 4weeks.

i am short as well in case but it will im sure ....it will hit the bottom and reject and move up tomorrow we will be bullish on the week....
  • #63,746
  • May 1, 2008 9:19am May 1, 2008 9:19am
Quoting ciscoguy
Micho, a trade is like a marriage. it's always better to see one and wish you were in it than to be in one and wish you could get out!


Regards,
C
Just drop of the key Lee - and get yourself free

I have had eight wives - but only 2 of them were mine

Marriage is like a city under seige - those outside want to get in, and those inside want to get out

trick is to have it both ways-- which is what forex traders are attracted to - otherwise they would be long only equity bods

I think cable is really cheap when you look at the euro's climb - question is - does it deserve to be ? Forget the UK economy, interest rate differentials alone say it's a better home for pure cash - but carry trade isnt about investing cash so much as borrowing cash, so I don't know...

It's a good home for my cash deposits until the exrate goes to 1.82 !!!
Think I will jump ship at 2.02 if it gets there

Cramer says the bear market is over, and get into equities - money and shares and the currency (US) can do very well while the people are suffering and it's all doom and gloom - i try to remember that - saw it under Thatcher
  • #63,747
  • May 1, 2008 9:21am May 1, 2008 9:21am
Quoting DJ4x
Carrying two longs. 1.9835 and 1.9736... It has been a good week so far

longs???

  • #63,748
  • May 1, 2008 9:21am May 1, 2008 9:21am
cramer probably the best reversal indicator around - he is always wrong!
Trading is 80% Emotional, 20% Technical
  • #63,749
  • May 1, 2008 9:24am May 1, 2008 9:24am
Warta... I was just going to ask opinions about targets. I was planning on S1 area @ 9694. How are you determining 9630?

Can you (or anyone) please post or describe channel the channel that was spoken of earlier?

Thanks.
  • #63,750
  • May 1, 2008 9:30am May 1, 2008 9:30am
Quoting LePip
Warta... I was just going to ask opinions about targets. I was planning on S1 area @ 9694. How are you determining 9630?

Can you (or anyone) please post or describe channel the channel that was spoken of earlier?

Thanks.
usualy S1 easy to be break with cable well we can see some retrace but the price probably can continue down 2nd macd just crossed the zerro line mean there is more room waiting , u can cash out 1/2 @ s1 and the 2nd 1/2 @ S2

just my view , trade what u can see on your chart
  • #63,751
  • May 1, 2008 9:33am May 1, 2008 9:33am
Quoting LePip
Warta... I was just going to ask opinions about targets. I was planning on S1 area @ 9694. How are you determining 9630?

Can you (or anyone) please post or describe channel the channel that was spoken of earlier?

Thanks.
I think that number is the top side of a downward trendline from the 29th....so they expect it to find support there and then head upwards.

I zoomed out on my 15min and I just saw it...will put up chart...
  • #63,752
  • May 1, 2008 9:36am May 1, 2008 9:36am
Quoting warta
usualy S1 easy to be break with cable well we can see some retrace but the price probably can continue down 2nd macd just crossed the zerro line mean there is more room waiting , u can cash out 1/2 @ s1 and the 2nd 1/2 @ S2

just my view , trade what u can see on your chart
Thanks, Warta. I follow. What TF are you talking about with the macd? What is the 2nd macd? I don't even have a 1st. But I do see that stoch has room.
  • #63,753
  • May 1, 2008 9:37am May 1, 2008 9:37am
Quoting Doose
I think that number is the top side of a downward trendline from the 29th....so they expect it to find support there and then head upwards.

I zoomed out on my 15min and I just saw it...will put up chart...
agree bro but we have to know , once S2 broke and 1h candle close bellow then the price will never go above during theis day
  • #63,754
  • May 1, 2008 9:38am May 1, 2008 9:38am
Quoting fx local
cramer probably the best reversal indicator around - he is always wrong!
entertaining though if it's been a boring day - if it's been a busy day he is a bit much

I like some of his advice - like if its gone up 20% then get out and forget the next rise

I use it somewhat with forex - massive movements usually reverse even if a new trend is getting itself in place

I am lost in this market so I just do that - I shorted after that big rise yeterday and made some good money - no sophistication - just looking for the profit taking... To do that I keep the position lightish and leave it 24 hours -most times it works
  • #63,755
  • May 1, 2008 9:38am May 1, 2008 9:38am
Quoting LePip
Thanks, Warta. I follow. What TF are you talking about with the macd? What is the 2nd macd? I don't even have a 1st. But I do see that stoch has room.
2nd macd on my 4 h chart and when am talking about candle if close bellow 1.9740 i ment the 4 h candle bro
  • #63,756
  • Edited 9:43am May 1, 2008 9:40am | Edited 9:43am
As promised...this is what my chart looks like.
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  • #63,757
  • May 1, 2008 9:41am May 1, 2008 9:41am
we have strong support in the area @ 1.9707 waiting the break
  • #63,758
  • May 1, 2008 9:42am May 1, 2008 9:42am
Quoting fx local
cramer probably the best reversal indicator around - he is always wrong!
thats is exactly wat i think

he never gets it right
i mean if he actually bets against himself he would be richer than warren freaking buffet.

do u remember when dow hit 1400 mark he told everyone to buy as much as we can.

that fool almost bankrupt the people who listened to him. Dow never saw 1400 again.

hehe
but lets face it his show is better than friends if u are searching for a good laugh.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #63,759
  • May 1, 2008 9:45am May 1, 2008 9:45am
Quoting warta
we have strong support in the area @ 1.9707 waiting the break
Agree....very stong...
  • #63,760
  • May 1, 2008 9:46am May 1, 2008 9:46am
keep things simple trade what you can see

+140 pips and out
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