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Cable Update (GBPUSD)

  • #70,461
  • Jun 12, 2008 7:32am Jun 12, 2008 7:32am
you guys are getting hammer on those longs, what made you guys go long so early.
If I Go Broke Trying Then I Will die happy.
  • #70,462
  • Jun 12, 2008 7:33am Jun 12, 2008 7:33am
Quoting scyang
Are you holding long?
a mini lot only
  • #70,463
  • Jun 12, 2008 7:34am Jun 12, 2008 7:34am
Quoting Moe
you guys are getting hammer on those longs, what made you guys go long so early.
Classic market is down it must reverse mentality Moe I'd bet, the play I used to play 99% of the time and lose 80% of the time doing!!

Never bet on a reversal, 80% of the time it won't it'll keep going, so much better ons on betting on it continuing.

A object in motion generally remains in motion, apply basic psychics
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,464
  • Jun 12, 2008 7:35am Jun 12, 2008 7:35am
Tight Stop Beyond A 20 Pip Drop On Major Support Was Worth The Minimal Risk
  • #70,465
  • Jun 12, 2008 7:35am Jun 12, 2008 7:35am
hoho..what hwppen to the cable?
  • #70,466
  • Jun 12, 2008 7:36am Jun 12, 2008 7:36am
Quoting Moe
you guys are getting hammer on those longs, what made you guys go long so early.
hope fear and greed by looks of it!
Trading is 80% Emotional, 20% Technical
  • #70,467
  • Jun 12, 2008 7:36am Jun 12, 2008 7:36am
are now on the short should drop rest of the day and even lower when the us opens
  • #70,468
  • Jun 12, 2008 7:36am Jun 12, 2008 7:36am
tempted to go long to make use of a possible retracement
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #70,469
  • Jun 12, 2008 7:37am Jun 12, 2008 7:37am
Quoting Moe
you guys are getting hammer on those longs, what made you guys go long so early.
Gosh, Europeans tanking during Asia, the whole world talking about possible huge retail sales backed up on inflation, adding to US rate hike cause. What you do? You short the dollar.

  • #70,470
  • Jun 12, 2008 7:38am Jun 12, 2008 7:38am
wow all us number are gr8
i wonder what uncle Ben wana at the end of the day
  • #70,471
  • Jun 12, 2008 7:38am Jun 12, 2008 7:38am
Quoting Turveyd

A object in motion generally remains in motion, apply basic psychics
seriously bro
an object in motion always remains in motion
what kind of physics is that
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #70,472
  • Jun 12, 2008 7:41am Jun 12, 2008 7:41am
Quoting salah k.
seriously bro
an object in motion always remains in motion
what kind of physics is that
Newton's
  • #70,473
  • Jun 12, 2008 7:43am Jun 12, 2008 7:43am
Quoting JanPoko
Newton's
seriously bro
u too

gosh i gues newton meant if there was no FRICTION
u wana apply that kind of phyisics in forex that means cable should reach 0.0000 by tomorrow
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #70,474
  • Jun 12, 2008 7:44am Jun 12, 2008 7:44am
Quoting JanPoko
Newton's
try Lipton .. is the best
  • #70,475
  • Jun 12, 2008 7:44am Jun 12, 2008 7:44am
Quoting salah k.
seriously bro
an object in motion always remains in motion
what kind of physics is that
Not always hence 80%, sometimes objects hit brick walls

Applying the same rule to trading, works more often than not, trusting it and playing it is a different story ofcourse, but the theory is sound!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,476
  • Jun 12, 2008 7:44am Jun 12, 2008 7:44am
Quoting fxswing
We have now a new high reference point at 1.9800.

1 - Bulls have to make a new high above 1.9800, before bears can push through 1.9461, to confirm a change of trend to up. If that happens watch above the 1.9870-1.9880 zone to spark a rally.

2 - Bears have to regain the 1.9461 low and make a new low, to invalidate the trend change to up and confirm the down trend. They have to keep the price below that 1.9800.


Let's see how that unfolds...
OK, bears wins this round and confirmed the downtrend. Total victory for the bears would be if they could push through 1.9337.

Now, bulls must react, and try to get 1.9800 back, to show that they're not totally overwhelmed...
First sign of bull strength would be if bulls can regain 1.9667...
Getting it right is NOT as important as not getting it wrong.
  • #70,477
  • Jun 12, 2008 7:45am Jun 12, 2008 7:45am
back to 90sma 180sma, Downtrend has high odds of going down, this is the place to short.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,478
  • Jun 12, 2008 7:48am Jun 12, 2008 7:48am
after 210 pips
its a bit hard to press that sell button
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #70,479
  • Jun 12, 2008 7:49am Jun 12, 2008 7:49am
Quoting salah k.
seriously bro
an object in motion always remains in motion
what kind of physics is that

Physics don't apply to cable, it would be even more complicated than quantum physics to describe
Getting it right is NOT as important as not getting it wrong.
  • #70,480
  • Jun 12, 2008 7:51am Jun 12, 2008 7:51am
Quoting salah k.
after 210 pips
its a bit hard to press that sell button

Tell me about it, I hate trading after a huge down move

Euro's running, interesting!!!


Staying Cash due to confused
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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