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Cable Update (GBPUSD)

  • #68,701
  • Jun 2, 2008 4:02am Jun 2, 2008 4:02am
Quoting JanPoko
Well, most probably its me, I just went again short with a small amount at 9640, so as usual it should go up...
lets hope not.
If I Go Broke Trying Then I Will die happy.
  • #68,702
  • Jun 2, 2008 4:04am Jun 2, 2008 4:04am
, ..im out.
If I Go Broke Trying Then I Will die happy.
  • #68,703
  • Jun 2, 2008 4:12am Jun 2, 2008 4:12am
Quoting Moe
don't be so quick to go long.
, back to bed for me, good luck and many pips to all.
If I Go Broke Trying Then I Will die happy.
  • #68,704
  • Jun 2, 2008 4:20am Jun 2, 2008 4:20am
Quoting nAVIN2007
im always back ....just chilling from forums a bit....
good 4U...
Never Give Up.....
  • #68,705
  • Jun 2, 2008 4:46am Jun 2, 2008 4:46am
filled my boots long 9618
  • #68,706
  • Jun 2, 2008 4:48am Jun 2, 2008 4:48am
hello all,

what's happening to GBP.Despite the bad news,it is moving up.I went short @ 19630.
At present it is consolidating @ 19619.i hope it breathes down to 19600.
  • #68,707
  • Jun 2, 2008 7:56am Jun 2, 2008 7:56am
Quoting jchidolue
hello all,

what's happening to GBP.Despite the bad news,it is moving up.I went short @ 19630.
At present it is consolidating @ 19619.i hope it breathes down to 19600.
dude ur a bit late
i mean the bad news was devoured by the market hours back.

u shouldve waited for new york open to enter

but good luck
if US news comes in good u will get it ur way
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,708
  • Jun 2, 2008 8:09am Jun 2, 2008 8:09am
is the market freeze...
Keep Learning and you'll get what you want...
  • #68,709
  • Jun 2, 2008 8:10am Jun 2, 2008 8:10am
Quoting tomaz55
filled my boots long 9618
be carefull,
If I Go Broke Trying Then I Will die happy.
  • #68,710
  • Jun 2, 2008 8:16am Jun 2, 2008 8:16am
doesnt looks like cable will go long
i mean its been hovering around its daily low for almost 4 hours
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,711
  • Jun 2, 2008 8:22am Jun 2, 2008 8:22am
Quoting salah k.
doesnt looks like cable will go long
i mean its been hovering around its daily low for almost 4 hours
We still could have a bounce with the news, to establish a new lower high. Current swing high H1 is 1.9822... We'll see.
Getting it right is NOT as important as not getting it wrong.
  • #68,712
  • Jun 2, 2008 8:36am Jun 2, 2008 8:36am
Quoting fxswing
We still could have a bounce with the news, to establish a new lower high. Current swing high H1 is 1.9822... We'll see.
yes ur right only news could pull it because dollar is kicking euro and commodities.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,713
  • Jun 2, 2008 9:03am Jun 2, 2008 9:03am
wow really good numbers from US
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,714
  • Jun 2, 2008 9:04am Jun 2, 2008 9:04am
dollar is on a roll these 2 weeks
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,715
  • Jun 2, 2008 9:07am Jun 2, 2008 9:07am
Quoting salah k.
wow really good numbers from US
not really, slightly better than expected but their figures are seasonally adjusted, therfore are not that great for trading...

every1 knows US is crap, think the best way to try and trade these figs is ask - does the number change the trend (trend of bad growth etc)? if the answer is no then no trade!!

ie a figure above 50 may have caused a decent sell off since above 50 is expansion not contraction in activity
Trading is 80% Emotional, 20% Technical
  • #68,716
  • Jun 2, 2008 9:11am Jun 2, 2008 9:11am
Quoting fx local
not really, slightly better than expected but their figures are seasonally adjusted, therfore are not that great for trading...

every1 knows US is crap, think the best way to try and trade these figs is ask - does the number change the trend (trend of bad growth etc)? if the answer is no then no trade!!
no bro i dont mean for trading

i mean for the economy
month on month they are getting better
it shows great resilience much better than expected and than bernanke is talking about.

plus on the long term it gives better assurance for FED to start taking inflation seriously.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,717
  • Jun 2, 2008 9:15am Jun 2, 2008 9:15am
Quoting salah k.
no bro i dont mean for trading

i mean for the economy
month on month they are getting better
it shows great resilience much better than expected and than bernanke is talking about.

plus on the long term it gives better assurance for FED to start taking inflation seriously.
FED have mandate to ensure systemic risk is under control, talking tough on inflation and hiking rates would reverse all the work they have done to save the financial system, dont think it will happen Bush is finally gone (ie strong dollar)....

their figures are terribly flawed! dont trust them! ie positve growth in q1 yeah right!!
Trading is 80% Emotional, 20% Technical
  • #68,718
  • Jun 2, 2008 9:17am Jun 2, 2008 9:17am
it should go down , but it goes up ... ...
anybody long ??
  • #68,719
  • Jun 2, 2008 9:20am Jun 2, 2008 9:20am
Quoting tomaz55
filled my boots long 9618
Trading is 80% Emotional, 20% Technical
  • #68,720
  • Jun 2, 2008 9:22am Jun 2, 2008 9:22am
Yes I am long at 9646. Any one long??
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