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Cable Update (GBPUSD)

  • #70,101
  • Jun 11, 2008 8:46am Jun 11, 2008 8:46am
Fundies are cool but complicated you gotta no your stuff better off to be more tech orientated

Quoting BANDA
Hi folks ,
Could anyone of you please please explain , why you guys decided to go long on GBP/USD after 5.30 a.m negative news for GBP, could you please tell was that because 5-6 a.m candle hit a support?
Please forgive me for my stupid question , this help will be appreciated greatly.Why decided to go long around 1.9510-20 in light of negative fundies.
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #70,102
  • Jun 11, 2008 8:47am Jun 11, 2008 8:47am
Quoting Moe
today is triple swap day,

u think crude oil number can change the equation for today ? lol
  • #70,103
  • Jun 11, 2008 8:48am Jun 11, 2008 8:48am
Quoting nAVIN2007
1.9572 was acting as a support there...thx god it held the price
Thinking short here Nav, we all know it'll never hit your TP



* Joking uptrend longs only people *
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,104
  • Jun 11, 2008 8:49am Jun 11, 2008 8:49am
Quoting Moe
today is triple swap day,
Yea, your swap must be killer when you're long.
USD Est Non Mortuus
  • #70,105
  • Jun 11, 2008 8:49am Jun 11, 2008 8:49am
Quoting samuzowulu
Please can any one recommend a good broker that is regulated, gives up to 1:300 leverage, with a minimum initial deposit of 200 USD and does not waste so much time on withdrawal. Thanks
I'll recommend you something better, Samozuwulu - and free of charge. With requirements like yours it would be much better for you to find a job and forget Forex. You can send then those 200 bucks to some charity and thank me for saving you a pain and future loses. Sorry to say that, but it is like that...
  • #70,106
  • Jun 11, 2008 8:56am Jun 11, 2008 8:56am
Quoting Moe
today is triple swap day,
Moe ......
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #70,107
  • Jun 11, 2008 8:58am Jun 11, 2008 8:58am
Quoting Turveyd
Thinking short here Nav, we all know it'll never hit your TP



* Joking uptrend longs only people *
shorting there right at the bottom was only going with the trend..all signs pointed up ..
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  • #70,108
  • Jun 11, 2008 9:03am Jun 11, 2008 9:03am
And down we go.
  • #70,109
  • Jun 11, 2008 9:03am Jun 11, 2008 9:03am
Hi Bones
Thank you very much for the chart and accompanied explanation. Appreciate your help and insight
Thank you so much !
BANDA333
  • #70,110
  • Jun 11, 2008 9:04am Jun 11, 2008 9:04am
1hr candle closes as bullish engulfing right at 9545/55 resistance area
ex member
  • #70,111
  • Jun 11, 2008 9:07am Jun 11, 2008 9:07am
Quoting JanPoko
I'll recommend you something better, Samozuwulu - and free of charge. With requirements like yours it would be much better for you to find a job and forget Forex. You can send then those 200 bucks to some charity and thank me for saving you a pain and future loses. Sorry to say that, but it is like that...

i recommend you to look after your trade and to dont give a rude comments to the other ppl , i think its fair that we all start from zerro and we have to help newbie and to support them not to put them down ,sorry to say that , but it is like that ...
  • #70,112
  • Jun 11, 2008 9:10am Jun 11, 2008 9:10am
Quoting warta
i recommend you to look after your trade and to dont give a rude comments to the other ppl , i think its fair that we all start from zerro and we have to help newbie and to support them not to put them down ,sorry to say that , but it is like that ...

yes absolutely nobody should be discouraged...that 200$ might make him a 50,000....theres always exceptions to everything

if i never got help from bones,bbmac fxlocal, moe, baz to name a few and others that post id have lost all my account and then some..not to say i still might .....lol

i think this is the first rally i been involved with..feels good huh?
  • #70,113
  • Jun 11, 2008 9:12am Jun 11, 2008 9:12am
Quoting warta
i recommend you to look after your trade and to dont give a rude comments to the other ppl , i think its fair that we all start from zerro and we have to help newbie and to support them not to put them down ,sorry to say that , but it is like that ...


I second that, you're 100% right.

If you don't want to help, that's ok, but just don't post negative comments, that will not help new traders...
Getting it right is NOT as important as not getting it wrong.
  • #70,114
  • Jun 11, 2008 9:13am Jun 11, 2008 9:13am
Quoting nAVIN2007
yes absolutely nobody should be discouraged...that 200$ might make him a 50,000....theres always exceptions to everything

if i never got help from bones,bbmac and others that post id have lost all my account and then some..not to say i still might .....lol

  • #70,115
  • Jun 11, 2008 9:14am Jun 11, 2008 9:14am
Went long with the majority at 1.9510 when the news came out stopped and reversed we have seen this numerous times and someone mentioned the other week how uk data can come out badly and it actually strengthens the pound.Its uncanny you just cant trade the news like you used to too many underlying factors these days.
Anyhow im still in on the long and awaiting to bail out at 1.9760 strong resistance should be found there

keep counting those pips guys
  • #70,116
  • Jun 11, 2008 9:17am Jun 11, 2008 9:17am
Quoting pepper
And down we go.
yeah right.
If I Go Broke Trying Then I Will die happy.
  • #70,117
  • Jun 11, 2008 9:18am Jun 11, 2008 9:18am
Quoting karateman69
Went long with the majority at 1.9510 when the news came out stopped and reversed we have seen this numerous times and someone mentioned the other week how uk data can come out badly and it actually strengthens the pound.Its uncanny you just cant trade the news like you used to too many underlying factors these days.
Anyhow im still in on the long and awaiting to bail out at 1.9760 strong resistance should be found there

keep counting those pips guys
Technical trading rules.
  • #70,118
  • Jun 11, 2008 9:19am Jun 11, 2008 9:19am
Well Done Nav you kept your nerve.
Its not easy being down on pips really I should know.

Lets hope the news dose what it says on the tin! ,lol


Quoting nAVIN2007
shorting there right at the bottom was only going with the trend..all signs pointed up ..
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #70,119
  • Jun 11, 2008 9:20am Jun 11, 2008 9:20am
now thats what im talking about, and up we go.
If I Go Broke Trying Then I Will die happy.
  • #70,120
  • Jun 11, 2008 9:20am Jun 11, 2008 9:20am
price 168pips off intraday lows now, above its 5,10 and 20 day average pip ranges and the average of those which is currently around 152pips.

Above this 9650-60 resistance area and a challenge on posssxble 9675/85 area ahead of 9700/10 area.
ex member
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