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Cable Update (GBPUSD)

  • #72,441
  • Jun 25, 2008 1:14pm Jun 25, 2008 1:14pm
whipsaw down and up as expected iguess
Trading is 80% Emotional, 20% Technical
  • #72,442
  • Jun 25, 2008 1:16pm Jun 25, 2008 1:16pm
yeah i guess thats it for the night
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #72,443
  • Jun 25, 2008 1:17pm Jun 25, 2008 1:17pm
talk about being in a range ..this really isnt the time to enter the market just wait for a break unless u want to lose money..just my thoughts....

is it me or does the risk:reward suck for the longs...
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  • #72,444
  • Jun 25, 2008 1:20pm Jun 25, 2008 1:20pm
what a biatch
  • #72,445
  • Jun 25, 2008 1:22pm Jun 25, 2008 1:22pm
Quoting nAVIN2007
talk about being in a range ..this really isnt the time to enter the market just wait for a break unless u want to lose money..just my thoughts....

is it me or does the risk:reward suck for the longs...
yeah bro its basically a bad time to enter or even look at cable now
this sucks i really wanted a direction already
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #72,446
  • Jun 25, 2008 1:26pm Jun 25, 2008 1:26pm
Quoting boxingislife
what a biatch
my thoughts exactly
off to the arguile
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #72,447
  • Jun 25, 2008 1:29pm Jun 25, 2008 1:29pm
This is a pretty good post, short anyone?
http://www.forexfactory.com/news.php?do=news&id=93259
Trade the reaction, not the news!
  • #72,448
  • Jun 25, 2008 1:30pm Jun 25, 2008 1:30pm
Quoting salah k.
yeah bro its basically a bad time to enter or even look at cable now
this sucks i really wanted a direction already
hey salah how u doing bro..

the current stagflation environment, policy decisions are limited for both the FED and MPC, they havent got the balls to deal with the inflation and put economy into recession as a result getting rid of the excesses in the markets,

stagflation not great for trading cable im afraid to say. cant see any real trend developing until something majorly shifts fundmentally, perhaps new democratic US president may see big dollar strength but thats still long way off yet...

i personally miss the good old trending market!! cable beyond joke these days

happy trading to all
Trading is 80% Emotional, 20% Technical
  • #72,449
  • Jun 25, 2008 1:34pm Jun 25, 2008 1:34pm
suports, resistance are to close risk: rewards sucks!!!!!!
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  • #72,450
  • Jun 25, 2008 1:35pm Jun 25, 2008 1:35pm
Quoting nAVIN2007
talk about being in a range ..this really isnt the time to enter the market just wait for a break unless u want to lose money..just my thoughts....

is it me or does the risk:reward suck for the longs...
50% of people entering now will make big money and think they are geniuses -only to lose it next week - the other 50% will think they had bad luck and do small trades for 2 weeks before getting back in the saddle and waiting for the trend to show next time

I am just chopping some here and there and the luck is with me so far
  • #72,451
  • Jun 25, 2008 1:41pm Jun 25, 2008 1:41pm
Quoting allserene
50% of people entering now will make big money and think they are geniuses -only to lose it next week - the other 50% will think they had bad luck and do small trades for 2 weeks before getting back in the saddle and waiting for the trend to show next time

I am just chopping some here and there and the luck is with me so far
market clearly shows that the FED has ZERO inflation fighting credability as cuts are not off the table yet, Euro rallied huge dollar generally weak as piss....
Trading is 80% Emotional, 20% Technical
  • #72,452
  • Jun 25, 2008 1:43pm Jun 25, 2008 1:43pm
Quoting allserene
50% of people entering now will make big money and think they are geniuses -only to lose it next week - the other 50% will think they had bad luck and do small trades for 2 weeks before getting back in the saddle and waiting for the trend to show next time

I am just chopping some here and there and the luck is with me so far
glad yur making money ..i have entered myself but ....just making loose change.......lol
but at least is making change instead of losing it..

be lucky my friend

aint that a biatch.....as i type it flies!!!!!!
  • #72,453
  • Jun 25, 2008 1:45pm Jun 25, 2008 1:45pm
Hey guys how far will it go?
  • #72,454
  • Jun 25, 2008 1:45pm Jun 25, 2008 1:45pm
NICE
  • #72,455
  • Jun 25, 2008 1:45pm Jun 25, 2008 1:45pm
Quoting fx local
hey salah how u doing bro..

the current stagflation environment, policy decisions are limited for both the FED and MPC, they havent got the balls to deal with the inflation and put economy into recession as a result getting rid of the excesses in the markets,

stagflation not great for trading cable im afraid to say. cant see any real trend developing until something majorly shifts fundmentally, perhaps new democratic US president may see big dollar strength but thats still long way off yet...

i personally miss the good old trending market!! cable beyond joke these days

happy trading to all
very true my friend
im doing fine
i actually didnt want to trade only cable i wanted to enter on a high risk trade on oil actually.
i entered today but small volume and it worked out fine
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #72,456
  • Jun 25, 2008 1:48pm Jun 25, 2008 1:48pm
Quoting shengster
cable either need to stop me out, or move the hell up! this is the same as a girls giving you hints that she wants some, but at the end she tells' you shes "tired".
If I Go Broke Trying Then I Will die happy.
  • #72,457
  • Jun 25, 2008 1:50pm Jun 25, 2008 1:50pm
market is dead.
If I Go Broke Trying Then I Will die happy.
  • #72,458
  • Jun 25, 2008 1:50pm Jun 25, 2008 1:50pm
Quoting fx local
market clearly shows that the FED has ZERO inflation fighting credability as cuts are not off the table yet, Euro rallied huge dollar generally weak as piss....
yes cable tiptoes through resistance at 1.9730 ish, so I am not going to go back in until it falls back to there from 1.9750 ? - then I am going long
what fun
  • #72,459
  • Jun 25, 2008 1:55pm Jun 25, 2008 1:55pm
Quoting allserene
yes cable tiptoes through resistance at 1.9730 ish, so I am not going to go back in until it falls back to there from 1.9750 ? - then I am going long
what fun
i guess it's the best place for shorts, from here up to 1.9790
  • #72,460
  • Jun 25, 2008 1:55pm Jun 25, 2008 1:55pm
Quoting allserene
yes cable tiptoes through resistance at 1.9730 ish, so I am not going to go back in until it falls back to there from 1.9750 ? - then I am going long
what fun
ive been long 6 days waiting for upside breakup, this is worse than watching paint dry, weekly ranges in cable stuck, Moe got it right market dead. just goes to show where all these banks and funds have got f@@ked they got no money left for trading, less trading limits and volumes iguess result in no trend and plently of false break outs....
Trading is 80% Emotional, 20% Technical
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