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Cable Update (GBPUSD)

  • #70,521
  • Jun 12, 2008 9:33am Jun 12, 2008 9:33am
Quoting oscarfrx
Moe are you going to take the boat north soon?

his ass is north long time ....trust me ..he wont miss a move like this
  • #70,522
  • Jun 12, 2008 9:37am Jun 12, 2008 9:37am
Moe is fast alseep........ He waits until NY close of session to enter trades
  • #70,523
  • Jun 12, 2008 9:42am Jun 12, 2008 9:42am
Quoting nAVIN2007
his ass is north long time ....trust me ..he wont miss a move like this

hahahhaha navin u r a gr8 guy u can read moe verry well
  • #70,524
  • Jun 12, 2008 9:43am Jun 12, 2008 9:43am
Moe adicted entry order
  • #70,525
  • Jun 12, 2008 9:44am Jun 12, 2008 9:44am
LONG TO 9550 (today)
I Deeply Love My Virtual Life In Virtual World , RLC
  • #70,526
  • Jun 12, 2008 9:51am Jun 12, 2008 9:51am
this thing is waiting for the new 4 hr candle...
  • #70,527
  • Jun 12, 2008 9:54am Jun 12, 2008 9:54am
Quoting DJ4x
Moe is fast alseep........ He waits until NY close of session to enter trades
yeah he says this but i know him...watch if we lucky enough to go up ..he will be in here joking around as usaul ...he got great sense of humor alays cracking me up!

this is the hr now where it all happens....got sort of a spinning top on 1 hr ...shouldnt be hard to get a engullfing patten here.....pin on 4 hr and we sweet...!!!!!
  • #70,528
  • Jun 12, 2008 9:58am Jun 12, 2008 9:58am
Quoting nAVIN2007
yeah he says this but i know him...watch if we lucky enough to go up ..he will be in here joking around as usaul ...he got great sense of humor alays cracking me up!
True.... also if we go up then he will be in here saying I told you guys this was gonna happen
  • #70,529
  • Jun 12, 2008 10:00am Jun 12, 2008 10:00am
wow man looking at cable i mean its way oversold i wouldnt imagine anybody entering a short around here

maybe from a top thats y im assuming it should close aroung 9500 by the end of the day(technically speaking)

however we have bernanke and the irish vote thingy which might cause great turbulence and blow up accounts.
so beware guys now doesnt look like a great time to enter even though a long looks tempting
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #70,530
  • Jun 12, 2008 10:01am Jun 12, 2008 10:01am
Quoting notme32
LONG TO 9550 (today)
I think you meant 9450 (today)
Hi, I was stuck since 10:00 pm Eastern time last night with Long at 1.9592 and 1.9594 and I am still holding these lots even it went down as below as 1.9434. I think with the help of GOD, the damage has already been done and currently I am waiting for this trend to reverse. Plus tonight there is no particular news of both currency. One thing for sure I admit that if there is no news of G/U then it would be 100% dependent upon E/U performance and E/U performance is depend upon Oil price reduction and $ strength and last night was the best example of this. Euro dropped I think 190 pips and G/U didn't behind of E/U and it is also dropped 212 pips.

I think this week is the worse week of G/U. I didn't trade on any other day except Tuesday night and Yesterday night and since Yesterday night I am stuck with my 3 mini lots at 1.9592 and 1.9594 with Long positions.

Hopefully it would retrace back to at least 1.9650.
  • #70,531
  • Jun 12, 2008 10:01am Jun 12, 2008 10:01am
oil is screwing everything up
its back testing lows again
just dropped 1.5 $
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #70,532
  • Jun 12, 2008 10:04am Jun 12, 2008 10:04am
Quoting salah k.
oil is screwing everything up
its back testing lows again
just dropped 1.5 $
make that 3$
euro will follow(probably)
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #70,533
  • Jun 12, 2008 10:10am Jun 12, 2008 10:10am
Quoting asyed4
I think you meant 9450 (today)
Hi, I was stuck since 10:00 pm Eastern time last night with Long at 1.9592 and 1.9594 and I am still holding these lots even it went down as below as 1.9434. I think with the help of GOD, the damage has already been done and currently I am waiting for this trend to reverse. Plus tonight there is no particular news of both currency. One thing for sure I admit that if there is no news of G/U then it would be 100% dependent upon E/U performance and E/U performance is depend upon Oil price reduction and $ strength and last night was the best example of this. Euro dropped I think 190 pips and G/U didn't behind of E/U and it is also dropped 212 pips.

I think this week is the worse week of G/U. I didn't trade on any other day except Tuesday night and Yesterday night and since Yesterday night I am stuck with my 3 mini lots at 1.9592 and 1.9594 with Long positions.

Hopefully it would retrace back to at least 1.9650.
the only thing i find worrying is the kinda head n shoulder figure on 4 hr and this is the neckline.....this is worrying but ..price u bought is relativly low...u will get a chance to close out with a profit just dont panic and add positions....trend is down but u will see 1.97 at least

1 hr chart got a hammer and last candle very small body ..price is also curving indicating reversal...im with u buddy hang tight!
  • #70,534
  • Jun 12, 2008 10:10am Jun 12, 2008 10:10am
Quoting salah k.
make that 3$
euro will follow(probably)
Actually it is -2.35 change at 134.03 so far.

My formula is if you stuck with any lot then looking up the computer is a waste of time by thinking that it would go to your direction. The best thing is keep strong your account and have an ability to retracement against you for at least 200 pips at this point. I know this is not a good practice and I always put a SL of 40 pips but since last night I have increased my SL in few hundred pips otherwise one of my account would blow up already.
  • #70,535
  • Jun 12, 2008 10:13am Jun 12, 2008 10:13am
Next bluff by Bernanke is coming in 20 minutes. Expect spikes both ways.
Dollar-positive trend is in effect now: GBP/USD - down, next target 1.9420 (daily S2). The pair has just tested the previously broken 1.9473 mid-pivot, and nothing holds it from below. I am short at 1.9463, take profit - below 1.9430
"Luxury is one of the basic needs", (c), Don Corleone
  • #70,536
  • Jun 12, 2008 10:13am Jun 12, 2008 10:13am
Quoting asyed4
Actually it is -2.35 change at 134.03 so far.

My formula is if you stuck with any lot then looking up the computer is a waste of time by thinking that it would go to your direction. The best thing is keep strong your account and have an ability to retracement against you for at least 200 pips at this point. I know this is not a good practice and I always put a SL of 40 pips but since last night I have increased my SL in few hundred pips otherwise one of my account would blow up already.
i hear u bro
but sadly i dont have a direction
waiting for benny tonight to give a direction
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #70,537
  • Jun 12, 2008 10:14am Jun 12, 2008 10:14am
ameritrini

were are u bro?
been a while since u shared ur views and insights on cable.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #70,538
  • Jun 12, 2008 10:18am Jun 12, 2008 10:18am
Quoting asyed4
Actually it is -2.35 change at 134.03 so far.

My formula is if you stuck with any lot then looking up the computer is a waste of time by thinking that it would go to your direction. The best thing is keep strong your account and have an ability to retracement against you for at least 200 pips at this point. I know this is not a good practice and I always put a SL of 40 pips but since last night I have increased my SL in few hundred pips otherwise one of my account would blow up already.
That is a very good attitude about trading. This thing can spike in either direction at any point for no apparent reason and it goes more than 40 pips at a time. So why stress about such a tight stop unless you gonna be scalping it for a few pips
  • #70,539
  • Jun 12, 2008 10:23am Jun 12, 2008 10:23am
9550 ,bernanke will do this
I Deeply Love My Virtual Life In Virtual World , RLC
  • #70,540
  • Jun 12, 2008 10:24am Jun 12, 2008 10:24am
Quoting DJ4x
That is a very good attitude about trading. This thing can spike in either direction at any point for no apparent reason and it goes more than 40 pips at a time. So why stress about such a tight stop unless you gonna be scalping it for a few pips
i agree guys, when i began to use 250 sl, 300 tp,..my account only grows,...im glad u choose a wider sl.
its just money
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