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Cable Update (GBPUSD)

  • #74,481
  • Jul 3, 2008 9:01am Jul 3, 2008 9:01am
Quoting young trader
is any one still short
yeah yeah, and intend to stay short - for a few more days...
  • #74,482
  • Jul 3, 2008 9:03am Jul 3, 2008 9:03am
Quoting JanPoko
yeah yeah, and intend to stay short - for a few more days...
im thinking similiar...hope we right ..
  • #74,483
  • Jul 3, 2008 9:24am Jul 3, 2008 9:24am
Quoting Moe
im awake, sell entry got trigger at 1.9873, s/l 1.9985, t/p 1.9729.
still holding short, little worry tho.
If I Go Broke Trying Then I Will die happy.
  • #74,484
  • Jul 3, 2008 9:26am Jul 3, 2008 9:26am
Quoting Moe
still holding short, little worry tho.
bad figures for USD
  • #74,485
  • Jul 3, 2008 9:27am Jul 3, 2008 9:27am
Quoting tarektm
bad figures for USD
i don't get into numbers
If I Go Broke Trying Then I Will die happy.
  • #74,486
  • Jul 3, 2008 9:30am Jul 3, 2008 9:30am
Quoting Moe
still holding short, little worry tho.
me too short with pips banked now still holding
  • #74,487
  • Jul 3, 2008 9:38am Jul 3, 2008 9:38am
Quoting Moe
i don't get into numbers
  • #74,488
  • Jul 3, 2008 9:47am Jul 3, 2008 9:47am
Quoting Moe
i don't get into numbers
Good the numbers where bad, but not terrible, bad for the USA shoulda sent the price UP not down, which highlights how stupid reading the news is, just know when it is.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,489
  • Jul 3, 2008 9:54am Jul 3, 2008 9:54am
yawn -morning all -just woken up..

I see a big red line on the euro/dollar and similar on cable

I accidentally left a short running so that's good

But what happened ? Trichet added his expected quarter percent and all the US figures came out slightly worse that expected - so what happened ?

Just took my accidental short off and put a small long on
  • #74,490
  • Jul 3, 2008 10:05am Jul 3, 2008 10:05am
Quoting allserene
yawn -morning all -just woken up..

I see a big red line on the euro/dollar and similar on cable

I accidentally left a short running so that's good

But what happened ? Trichet added his expected quarter percent and all the US figures came out slightly worse that expected - so what happened ?

Just took my accidental short off and put a small long on
u lucky man ....those kind of accidents i pray for
  • #74,491
  • Jul 3, 2008 10:20am Jul 3, 2008 10:20am
Yes my biggest ever win was 2004 when I accidentally left a position running when I moved from UK to Milwaukee - it took me 10 days to get my computer up and running and I was amazed at the win !

It was a good lesson in long term trading - had my computer been running I would have been in and out 10 times in that 10 days and probably lost


Seems Trichet said something to the effect that this .25% might do it while everyone was expecting 10% by xmas

What - with the US going down the drain fast ?

What a weak excuse for chopping the euro - this little long is bouncing nicely
  • #74,492
  • Jul 3, 2008 10:32am Jul 3, 2008 10:32am
rising trendline since mid june being tested
we got 9840
a close under those and i short like a motha fucaaa
otherwise itl test 2 by early next week coz i doubt tomorrow wll see much action.

im buyin here coz if its gonna close above 9840 its gona do it soon. tight stops under the lows. if they hit then i start selling
  • #74,493
  • Jul 3, 2008 10:39am Jul 3, 2008 10:39am
DOW is peeping up a bit but that's only to make the wage slaves feel a bit better about their 401k's for the holiday

July 4th, I will be in gas works park in Seattle shouting -

'the illegal armed insurgency will fail and if it takes 300 years we will stamp it out !'

They will all think I am talking about iraq rather than yorktown so i should get away with it

Next week the DOW will get slammed again and gbp will go up in response
  • #74,494
  • Jul 3, 2008 10:49am Jul 3, 2008 10:49am
Quoting Turveyd
Good the numbers where bad, but not terrible, bad for the USA shoulda sent the price UP not down, which highlights how stupid reading the news is, just know when it is.
if you trade base on numbers your be broke in a week.
If I Go Broke Trying Then I Will die happy.
  • #74,495
  • Jul 3, 2008 10:56am Jul 3, 2008 10:56am
Quoting Moe
if you trade base on numbers your be broke in a week.
Hey Moe.... U still holding your shorts? Even with the holiday tomorrow?
  • #74,496
  • Jul 3, 2008 11:04am Jul 3, 2008 11:04am
Quoting Moe
if you trade base on numbers your be broke in a week.
I always trade for a bounce either way after a big move following numbers - most of the time it bounces back and i make money

but I never plan on it bouncing more than the magic %
  • #74,497
  • Jul 3, 2008 11:05am Jul 3, 2008 11:05am
Tommorrow is holiday in US What do you think of the market tomorrow?
  • #74,498
  • Jul 3, 2008 11:08am Jul 3, 2008 11:08am
number for UK should be weak and we move toward my damn target 1.97 at least im getting my shit together at long last...i hope
  • #74,499
  • Jul 3, 2008 11:20am Jul 3, 2008 11:20am
Quoting uncletrumpet
Tommorrow is holiday in US What do you think of the market tomorrow?
i vote for a quiet market tomorrow

i vote for euro up strongly next week

we will have to consult luscious lucy the mysterious oriental lady with the silk curtains and sly cat and heavy makeup and joss sticks burning dimly

she can even say what time of day the market will move and which way

We haven't heard from her since she asked the lone ranger to cross her palm with silver

Buy the dips
  • #74,500
  • Jul 3, 2008 11:22am Jul 3, 2008 11:22am
Quoting allserene
i vote for a quiet market tomorrow

i vote for euro up strongly next week

we will have to consult luscious lucy the mysterious oriental lady with the silk curtains and sly cat and heavy makeup and joss sticks burning dimly

she can even say what time of day the market will move and which way

We haven't heard from her since she asked the lone ranger to cross her palm with silver

Buy the dips
Well said.
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