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Cable Update (GBPUSD)

  • #74,021
  • Jul 2, 2008 3:21am Jul 2, 2008 3:21am
Quoting mrmunir
ooohhhh..what'd i miss??..what was trichet speech guys??

he said : " don't play forex because what i'm saying here right here , right now
shall make u broke....and broke....or maybe broke...."


by the way, RSI 8 and Moving Average 8 crossed (Fozzy method) on GU and EG today,just make it sure where cable will go for next day
  • #74,022
  • Jul 2, 2008 3:22am Jul 2, 2008 3:22am
from what im seeing and what my system is telling me we shall see a turn around point at about 1.9860 if we fall below (1.9880 50 fib retracement level) i wont go in until then. if we break below 1.9860 im shorting towards 1.9825 and 1.9800.
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #74,023
  • Jul 2, 2008 3:23am Jul 2, 2008 3:23am
I have a pending buy order at 81 with stop loss 70
When life gives you lemons, make lemonade
  • #74,024
  • Jul 2, 2008 3:25am Jul 2, 2008 3:25am
Quoting micho
I have a pending buy order at 81 with stop loss 70
May want to lift it... If the news is negative it will hit your buy and your stop real quick... But trade your plan I suppose.
  • #74,025
  • Jul 2, 2008 3:27am Jul 2, 2008 3:27am
Cable works hard to break support level. It is the third effort from yesterday. !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #74,026
  • Jul 2, 2008 3:27am Jul 2, 2008 3:27am
Quoting mmccormac
May want to lift it... If the news is negative it will hit your buy and your stop real quick... But trade your plan I suppose.
It is okay, i hope it hits. It came one pip away and didnt trigger yet. 11 pips loss is not something big to lose
When life gives you lemons, make lemonade
  • #74,027
  • Jul 2, 2008 3:27am Jul 2, 2008 3:27am
Quoting micho
Lets just worry about the second half of the day dude. Stop thinking too far
  • #74,028
  • Jul 2, 2008 3:30am Jul 2, 2008 3:30am
Quoting micho
It is okay, i hope it hits. It came one pip away and didnt trigger yet. 11 pips loss is not something big to lose

as they say make your losses smaller then your winning ratios..
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #74,029
  • Jul 2, 2008 3:30am Jul 2, 2008 3:30am
Quoting micho
It is okay, i hope it hits. It came one pip away and didnt trigger yet. 11 pips loss is not something big to lose
Ups... SL hit .... damn !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #74,030
  • Jul 2, 2008 3:32am Jul 2, 2008 3:32am
please hold please hold
When life gives you lemons, make lemonade
  • #74,031
  • Jul 2, 2008 3:32am Jul 2, 2008 3:32am
does anyone watching trichet speech?
  • #74,032
  • Jul 2, 2008 3:33am Jul 2, 2008 3:33am
yuck
When life gives you lemons, make lemonade
  • #74,033
  • Jul 2, 2008 3:37am Jul 2, 2008 3:37am
id be very carefull here with longs...whatever this man is saying is killing the pound and dollar index isnt even responding
  • #74,034
  • Jul 2, 2008 3:38am Jul 2, 2008 3:38am
Quoting manize
Ups... SL hit .... damn !
  • #74,035
  • Jul 2, 2008 3:38am Jul 2, 2008 3:38am
Quoting manize
Ups... SL hit .... damn !
me too -11 but its okay
When life gives you lemons, make lemonade
  • #74,036
  • Jul 2, 2008 3:38am Jul 2, 2008 3:38am
DAMN DAMN DAMN Ive been waiting on this move all week and I missed it. 100+ PIPS Down the drain. F*&% it I'm going to sleep see you guys tomorrow
Don't Get Bitter, Get Better
  • #74,037
  • Jul 2, 2008 3:46am Jul 2, 2008 3:46am
Hello,
I am a relatively new trader, so please forgive my (vast) ignorance...
The GBP has slipped noticeably against the USD in a small amount of time, now trading 'round 1.9870's - would this be a good time to buy the pounds, and perhaps profit off of a light gain against the dollar in the next few hours?...
  • #74,038
  • Jul 2, 2008 3:46am Jul 2, 2008 3:46am
Hi, we could have possible ABCD continuation pattern formation.
AB=CD now holds, D is exactly 161.8% of BC so it's harmonic and maybe it will hold.

If not short all the way, on daily very strong evening star formation.
Attached Image (click to enlarge)
Click to Enlarge Name: abcd_gbp.GIF Size: 46 KB
  • #74,039
  • Jul 2, 2008 3:51am Jul 2, 2008 3:51am
Quoting elmondello
Hello,
I am a relatively new trader, so please forgive my (vast) ignorance...
The GBP has slipped noticeably against the USD in a small amount of time, now trading 'round 1.9870's - would this be a good time to buy the pounds, and perhaps profit off of a light gain against the dollar in the next few hours?...

u must be crazy!!!!
we are falling and dollar is at a bottom ...news from non farm likely take back to 2.0 and sell from there..
  • #74,040
  • Jul 2, 2008 3:51am Jul 2, 2008 3:51am
Quoting NuB
DAMN DAMN DAMN Ive been waiting on this move all week and I missed it. 100+ PIPS Down the drain. F*&% it I'm going to sleep see you guys tomorrow

good night
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