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Cable Update (GBPUSD)

  • #68,081
  • May 28, 2008 9:59am May 28, 2008 9:59am
Quoting Moe
this is why i try to stay out of range bound weeks, becuase you realy don't know what way it's gonna break and we are still range bound we haven't broke out yet, but when it do it's gonna be huge.
i just hope it brakes out soon
like tomorrow when news comes out
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,082
  • May 28, 2008 10:04am May 28, 2008 10:04am
Quoting salah k.
i just hope it brakes out soon
like tomorrow when news comes out
this week we must hit some where around 1.9650. good luck in trying to figure this out, just don't get burn.
If I Go Broke Trying Then I Will die happy.
  • #68,083
  • May 28, 2008 10:04am May 28, 2008 10:04am
Quoting salah k.
wtf is going on

euro is pretty messed up and weak but cable is strong
should be the other way around
check out euro sterling chart
Trading is 80% Emotional, 20% Technical
  • #68,084
  • May 28, 2008 10:05am May 28, 2008 10:05am
30pips you went long to soon bro. good idea but bad entry
If I Go Broke Trying Then I Will die happy.
  • #68,085
  • May 28, 2008 10:07am May 28, 2008 10:07am
Quoting salah k.
i just hope it brakes out soon
like tomorrow when news comes out
Keep Learning and you'll get what you want...
  • #68,086
  • May 28, 2008 10:08am May 28, 2008 10:08am
Quoting Moe
this week we must hit some where around 1.9650. good luck in trying to figure this out, just don't get burn.
im out till i find out what caused sterling strength
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,087
  • May 28, 2008 10:09am May 28, 2008 10:09am
Quoting fx local
check out euro sterling chart
sterling is strong in all its pairs
but y at this time???
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,088
  • May 28, 2008 10:13am May 28, 2008 10:13am
Quoting salah k.
sterling is strong in all its pairs
but y at this time???
many factors affect demand for a currency, fuk nos why sterling is strong now and euro weak... sterling has been oversold against many fx over the past months, perhaps it was overdone its some unwinding, especially in euro sterling
Trading is 80% Emotional, 20% Technical
  • #68,089
  • May 28, 2008 10:13am May 28, 2008 10:13am
Quoting Moe
30pips you went long to soon bro. good idea but bad entry
......after taking a loss at 9737...i went long at 9715 with double the size
  • #68,090
  • May 28, 2008 10:16am May 28, 2008 10:16am
Quoting salah k.
im out till i find out what caused sterling strength
- Small Rebound in oil / gold
- Intraday players short covering + push to stop hunting
- Bounce on the 4H 200 sma, finding buyers

- Genuine uptrend consolidation that will lead to upside breakout (not my favorite scenario, but all is possible)
Getting it right is NOT as important as not getting it wrong.
  • #68,091
  • May 28, 2008 10:17am May 28, 2008 10:17am
Quoting salah k.
sterling is strong in all its pairs
but y at this time???
http://www.bloomberg.com/apps/news?p...refer=currency

perhaps brown cutting bit of red tape helpd sterling inflows
Trading is 80% Emotional, 20% Technical
  • #68,092
  • May 28, 2008 10:24am May 28, 2008 10:24am
Quoting 30pips
......after taking a loss at 9737...i went long at 9715 with double the size
make sure you get out with good profit, we haven't seen a straight trend this week, what went up came down what went down went back up, don't get cought in a web.
If I Go Broke Trying Then I Will die happy.
  • #68,093
  • May 28, 2008 10:32am May 28, 2008 10:32am
Quoting 30pips
......after taking a loss at 9737...i went long at 9715 with double the size
Be careful with revenge trading, trading bigger in size should not be done because of a previous loss, at least I'm not doing it, when I have a loss I start trading smaller not bigger.

Market will still be there tomorrow...there is no hurry.
Getting it right is NOT as important as not getting it wrong.
  • #68,094
  • May 28, 2008 10:32am May 28, 2008 10:32am
Quoting Moe
make sure you get out with good profit, we haven't seen a straight trend this week, what went up came down what went down went back up, don't get cought in a web.
well anything is better than ranging between 10 pips for 8 hours
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,095
  • May 28, 2008 10:45am May 28, 2008 10:45am
Quoting salah k.
well anything is better than ranging between 10 pips for 8 hours
agree but don't get caught up in a market thats not realy leaving pips on the table unless your a scalper, if that not your system then your trading system should know when to stay out, im a swing trader so i can't afford to get trap in a web.
If I Go Broke Trying Then I Will die happy.
  • #68,096
  • May 28, 2008 10:50am May 28, 2008 10:50am
Quoting fxswing
Be careful with revenge trading, trading bigger in size should not be done because of a previous loss, at least I'm not doing it, when I have a loss I start trading smaller not bigger.

Market will still be there tomorrow...there is no hurry.
Excellent advice - revenge traders walk out of the casino with no shirt

taking losses gracefully is the first skill to learn
  • #68,097
  • May 28, 2008 10:50am May 28, 2008 10:50am
Quick Bounce there...
MOE do you stick with your analysis?gu 1.9650
Im stick with my plan,I see gu below 1.966*
  • #68,098
  • May 28, 2008 10:52am May 28, 2008 10:52am
Quoting B@by trader
Quick Bounce there...
MOE do you stick with your analysis?gu 1.9650
Im stick with my plan,I see gu below 1.966*
yes im sticking to that, tommorow we will see if im wrong.
If I Go Broke Trying Then I Will die happy.
  • #68,099
  • May 28, 2008 11:01am May 28, 2008 11:01am
Quoting Moe
agree but don't get caught up in a market thats not realy leaving pips on the table unless your a scalper, if that not your system then your trading system should know when to stay out, im a swing trader so i can't afford to get trap in a web.
yeah bro ur right
im staying out
i got no balls for scalping at the moment
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,100
  • May 28, 2008 11:04am May 28, 2008 11:04am
Quoting B@by trader
Quick Bounce there...
MOE do you stick with your analysis?gu 1.9650
Im stick with my plan,I see gu below 1.966*
be carefull bro
if fundamentals tomorrow arent bad for UK we might not see that number for a while
"what doesn't bankrupt me, makes me stronger" modern nietzche
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