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Cable Update (GBPUSD)

  • #77,501
  • Jul 24, 2008 8:38am Jul 24, 2008 8:38am
Quoting T 1 Ti
did anyone still hold long ? mine @9866 n @9874 still hold
mine @9873. TP 9921
  • #77,502
  • Jul 24, 2008 8:39am Jul 24, 2008 8:39am
Quoting eohater
I long with mulitples at 1.984x
Dude it may be a bottom on the charts but im afraid of Geithner ... Him and Paulson are usually aligned and will probably give us the same Bull shit as a couple days ago ....

this could go either way but good luck Im long too at 98.20 with a tight stop but I will short the heck out of it if 98 breaks.
  • #77,503
  • Jul 24, 2008 8:51am Jul 24, 2008 8:51am
Hi, I'm back...........
Hmmmm
Still in long 1.9856
Looks like cable looking for reason to tank. Lets see
  • #77,504
  • Jul 24, 2008 8:51am Jul 24, 2008 8:51am
Quoting poweredbuyer
Dude it may be a bottom on the charts but im afraid of Geithner ... Him and Paulson are usually aligned and will probably give us the same Bull shit as a couple days ago ....

this could go either way but good luck Im long too at 98.20 with a tight stop but I will short the heck out of it if 98 breaks.
I don't pay attention to the news, it's too emotional for me. I only focus on the charts.

As well, this could go either way, but it's already moved a shit load south.
Just digging in the trenches like everyone else!
  • #77,505
  • Jul 24, 2008 8:56am Jul 24, 2008 8:56am
hey hey,
the trendline still holds for now as my charts have it. major price level(1.9814) was also tested. technically should be up but if the US news comes out so gooooddddddd. we clould head down. might cacth some free pips either way... stay safe
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  • #77,506
  • Jul 24, 2008 8:57am Jul 24, 2008 8:57am
if this a vote.. i saw more than 50% pick long~
but its still confusing me..
yep~ fundamental always ruins my emotion. my analysis as well.
but, i just cant forget about the news while its much distorting the candles
+_+.
i hate being loss..
but im loss now +_+.

.
.
.


(or maybe not yet??)
  • #77,507
  • Jul 24, 2008 9:03am Jul 24, 2008 9:03am
Makes sense for it to go up after that news
  • #77,508
  • Jul 24, 2008 9:03am Jul 24, 2008 9:03am
Yipee... she is going to the north,
wakakaka..
  • #77,509
  • Jul 24, 2008 9:05am Jul 24, 2008 9:05am
Everyone looking for 900 or higher maybe?
Please ask questions and share your experiences with us all!
  • #77,510
  • Jul 24, 2008 9:05am Jul 24, 2008 9:05am
Quoting pendaki
Yipee... she is going to the north,
wakakaka..
thx god for that....i really for once want to be on te train...its my first long in ages too
  • #77,511
  • Jul 24, 2008 9:06am Jul 24, 2008 9:06am
rock and roll
  • #77,512
  • Jul 24, 2008 9:06am Jul 24, 2008 9:06am
Quoting iflogic
if this a vote.. i saw more than 50% pick long~
but its still confusing me..
yep~ fundamental always ruins my emotion. my analysis as well.
but, i just cant forget about the news while its much distorting the candles
+_+.
i hate being loss..
but im loss now +_+.

.
.
.


(or maybe not yet??)
When In Doubt -- STAY OUT

Unless you like giving your money away, then in that case feel free to send it to me.

Without a trading plan, confidence in that plan, and good money management you will never make it.

Demo and learn first, that is my advice, I hope you heed it.

Take care,

G10
Enlightened.
  • #77,513
  • Jul 24, 2008 9:07am Jul 24, 2008 9:07am
Quoting DJ4x
Makes sense for it to go up after that news
Can't watch, going for another break...
  • #77,514
  • Jul 24, 2008 9:07am Jul 24, 2008 9:07am
Quoting pendaki
Yipee... she is going to the north,
wakakaka..
Hold your horses ... USD H figures were bad but not terribly... The FED Speech can negate this run ... tight stops folks ...
  • #77,515
  • Jul 24, 2008 9:09am Jul 24, 2008 9:09am
viva green pips
  • #77,516
  • Jul 24, 2008 9:20am Jul 24, 2008 9:20am
Somebody big somewhere sure wants the dollar strong!!
Please ask questions and share your experiences with us all!
  • #77,517
  • Jul 24, 2008 9:23am Jul 24, 2008 9:23am
Quoting pendaki
mine @9873. TP 9921
Hope you make cash on this one, my friend. But where was your S/L?

You let the trade go 53 pips underwater for a potential profit gain of 48 pips. That's a bad way to trade.
  • #77,518
  • Jul 24, 2008 9:32am Jul 24, 2008 9:32am
Quoting gammase1
Hope you make cash on this one, my friend. But where was your S/L?

You let the trade go 53 pips underwater for a potential profit gain of 48 pips. That's a bad way to trade.
I dont use my SL, Usually I Close it manally at -70 to -100, depend on the situation.
Thanks to remind me.
  • #77,519
  • Jul 24, 2008 9:36am Jul 24, 2008 9:36am
Quoting bkg102665
Somebody big somewhere sure wants the dollar strong!!
Which is percisley why some of us are in denial. The bottom line is nothing is making sense my charts my analysis nor the fundamentals. This is pure manipulation by someone "big" per say.

Guys going against the dollar right now at least for this week is not a wise idea in my mind. I have never seen this ... just crazy
  • #77,520
  • Jul 24, 2008 9:37am Jul 24, 2008 9:37am
Quoting pendaki
I dont use my SL, Usually I Close it manally at -70 to -100, depend on the situation.
Thanks to remind me.
But that's bad risk management to lose 70 to 100 pips for less than 50 pips gain. I don't know how long you've been trading but, in time, you will definitely come unstuck using those kind of risk/reward ratios. The risk isn't worth the potential reward on offer.

I am sure that experienced traders on this forum will back me on this one.

I have been trading FX for over a year now and in that time have made nearly every mistake in the book. And your strategy is a classic mistake made by novices.

As I said before, good luck with your position.
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