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Cable Update (GBPUSD)

  • #69,461
  • Jun 6, 2008 8:04am Jun 6, 2008 8:04am
uh thats revision................
I Deeply Love My Virtual Life In Virtual World , RLC
  • #69,462
  • Jun 6, 2008 8:12am Jun 6, 2008 8:12am
Quoting Moe
... you did it
http://www.instantsmileys.com/smiley...-smiley-03.gif for U.
Im just hoping
  • #69,463
  • Jun 6, 2008 8:16am Jun 6, 2008 8:16am
Quoting B@by trader
http://www.instantsmileys.com/smiley...-smiley-03.gif for U.
Im just hoping
If I Go Broke Trying Then I Will die happy.
  • #69,464
  • Jun 6, 2008 8:23am Jun 6, 2008 8:23am
Oil is racing past 134$ now, that's nuts, almost 13$ more than yesterday's low...

buying like there is no tomorrow
Getting it right is NOT as important as not getting it wrong.
  • #69,465
  • Jun 6, 2008 8:25am Jun 6, 2008 8:25am
Quoting fxswing
Oil is racing past 133$ now, that's nuts, 12$ more than yesterday's low...

buying like there is no tomorrow
glad i bought yday at 12296 fastest 1000 pips u could ever make forgot cable!!
Trading is 80% Emotional, 20% Technical
  • #69,466
  • Jun 6, 2008 8:27am Jun 6, 2008 8:27am
He added that the unemployment rate is 'unusual' and could reflect some noise related to a large number of students now looking for summer work.
  • #69,467
  • Jun 6, 2008 8:29am Jun 6, 2008 8:29am
Quoting fx local
glad i bought yday at 12296 fastest 1000 pips u could ever make forgot cable!!


I get in at 123.73 yesterday, what's great with bull markets is that everybody looks like a genius, it's so easy... until the trend stop
Getting it right is NOT as important as not getting it wrong.
  • #69,468
  • Jun 6, 2008 8:37am Jun 6, 2008 8:37am
Quoting fxswing


I get in at 123.73 yesterday, what's great with bull markets is that everybody looks like a genius, it's so easy... until the trend stop
Sorry guys to go on about crude but the trendline trade was amazingly one sided in terms of risk reward... f@@k cable man!

account trebling trade !
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Oil chart.JPG Size: 119 KB
Trading is 80% Emotional, 20% Technical
  • #69,469
  • Jun 6, 2008 8:52am Jun 6, 2008 8:52am
Quoting NuB
Daddy LONG Stroke from 580
I hope you stayed in with your long! I closed out my short at 1.9555 and then went long at 1.9555 3 hours later. Nice little ride down and nice ride up!
Just digging in the trenches like everyone else!
  • #69,470
  • Jun 6, 2008 9:47am Jun 6, 2008 9:47am
Quoting Moe
could we see 1.9748 or 1.9815 today
Do you think it is a good level for short for next monday ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #69,471
  • Jun 6, 2008 9:48am Jun 6, 2008 9:48am
Quoting manize
Do you think it is a good level for short for next monday ?
Nah, I would short anywhere above 1.9850............
  • #69,472
  • Jun 6, 2008 9:49am Jun 6, 2008 9:49am
Quoting fxswing
1.9690 for me ...
I'm out +200 pips, nice move

Now time for the week-end fun.

Just in time to grab a beer and watch Roland Garros tennis matches on tv.

Have a great week-end, cya monday...
Getting it right is NOT as important as not getting it wrong.
  • #69,473
  • Jun 6, 2008 9:54am Jun 6, 2008 9:54am
It's a fascinating picture just now

When companies cut workforces, most times the shares go up as they are shedding cost and the management are actually doing something

When the economy as a whole does it, shares go down

The dreaded slumpflation is coming - UK and USA

Euro is indestructible, nothing can wrong, Trichet has guts and Europe is different blah blah blah the euro has no top, oil has no top, the dollar has no bottom

When a currency or a share or house prices are indestructible and up and up and through the roof and all the laws of gravity are being defied, what happens next ? that's right

Even the Beatles faded in a few short years

get ready for it and don't be surprised because as we know, these things have self -correcting mechanisms and it's only the time scale that is unknown
  • #69,474
  • Jun 6, 2008 9:55am Jun 6, 2008 9:55am
what a beating the $ is taking!!!!........wow!!!
  • #69,475
  • Jun 6, 2008 10:02am Jun 6, 2008 10:02am
Quoting allserene
It's a fascinating picture just now

When companies cut workforces, most times the shares go up as they are shedding cost and the management are actually doing something

When the economy as a whole does it, shares go down

The dreaded slumpflation is coming - UK and USA

Euro is indestructible, nothing can wrong, Trichet has guts and Europe is different blah blah blah the euro has no top, oil has no top, the dollar has no bottom

When a currency or a share or house prices are indestructible and up and up and through the roof and all the laws of gravity are being defied, what happens next ? that's right

Even the Beatles faded in a few short years

get ready for it and don't be surprised because as we know, these things have self -correcting mechanisms and it's only the time scale that is unknown
Markets always go too far in one or the other direction, overshooting expectations.
Just don't get trapped by your opinion, and all will be ok.

Don't forget:

The market can stay irrational longer than you can stay solvent.
John Maynard Keynes
Getting it right is NOT as important as not getting it wrong.
  • #69,476
  • Jun 6, 2008 10:11am Jun 6, 2008 10:11am
Quoting eohater
I hope you stayed in with your long! I closed out my short at 1.9555 and then went long at 1.9555 3 hours later. Nice little ride down and nice ride up!
Good ole Bad US Data.
Don't Get Bitter, Get Better
  • #69,477
  • Jun 6, 2008 10:16am Jun 6, 2008 10:16am
Quoting fxswing
I'm out +200 pips, nice move

Now time for the week-end fun.

Just in time to grab a beer and watch Roland Garros tennis matches on tv.

Have a great week-end, cya monday...
Only 135 pips for me, 1.9595 - 1 .9730.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #69,478
  • Jun 6, 2008 10:20am Jun 6, 2008 10:20am
Quoting manize
Only 135 pips for me, 1.9595 - 1 .9730.
Getting it right is NOT as important as not getting it wrong.
  • #69,479
  • Jun 6, 2008 10:23am Jun 6, 2008 10:23am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quote:
Originally Posted by malcolmb14 http://www.forexfactory.com/images/buttons/viewpost.gif
Does anyone see the formation of a morning star ( 2nd candle formed today) on the daily.

If we get a green candle tomorrow with a close above todays close then the reversal may be confirmed

2.00 ?? is this possible ????

Attachment 119198


Quoting FxChi
Hey what's up Malcolmb...haven't seen you in a while. Based on my fibs, I see 2.035 as a very real possibility and I'd try to play it seeing as this is Forex and all, but ADP came out better than expected earlier in the week though so I'm not sure how it will affect the play to 2.00. As you said will need to see the MS confirmation.

Also I think you called Eur/Cad earlier in the week. I don't play the pair but been watching it...awesome call man!!! Wish I had some more time to spend over at your site to see what I can pick up. Take care and leave some pips for the newbs please...
Eur/Cad out of control malcolmb and cable 2.035 seems like more of a possibility than ever now...who knows we might even get it today.lol
"Wishful thinking dies hard." Igor T.
  • #69,480
  • Jun 6, 2008 10:53am Jun 6, 2008 10:53am
Hashitashi Hashitashi
You guys have a good weekend.
Don't Get Bitter, Get Better
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