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Cable Update (GBPUSD)

  • #78,941
  • Jul 30, 2008 2:28pm Jul 30, 2008 2:28pm
Quoting eohater
In time you will be able to. It took me a couple of years to get to that point. Sad thing is, work sucks for me as well. I could close my company down and keep all the profits myself, but I would be taking away jobs from my employees. I would rather give people jobs. Not to mention, the lose my company takes helps offset the profits from trading.
Its def.. not easy, I dont know where you at! but the economy didnt help to kepp my business alive. i closed it down 3 months ago. Now, I'm a stay home dad and got my ass back to school. i enjoy it very much! and i'm also very glad i closed down the bussiness (12plus hrs a day..no profits no fun)... but anyways this gpb/usd played tricks on me all week.. there is no point in me telling anybody where this currency is moving, although as soon as i get out of my negative positions ... i'm going to wait..........

daily chart shows some sense navin.
  • #78,942
  • Jul 30, 2008 2:32pm Jul 30, 2008 2:32pm
Quoting eohater
In time you will be able to. It took me a couple of years to get to that point. Sad thing is, work sucks for me as well. I could close my company down and keep all the profits myself, but I would be taking away jobs from my employees. I would rather give people jobs. Not to mention, the lose my company takes helps offset the profits from trading.
I am also a small business owner that should close down and keep my forex profits as you said.I am like you though I feel I need to stay open so my employees can keep living a decent life.If it was not for the profits I have been able to make here I would almost 100% have to go out of business.
Please ask questions and share your experiences with us all!
  • #78,943
  • Jul 30, 2008 2:36pm Jul 30, 2008 2:36pm
closed my eur short for +20 pips
and cable for +14

ofc reverse

went long both at 15567 and 19807
then I will see
  • #78,944
  • Jul 30, 2008 3:06pm Jul 30, 2008 3:06pm
Quoting 5ysfx
closed my eur short for +20 pips
and cable for +14

ofc reverse

went long both at 15567 and 19807
then I will see

u are trading like tere gonna be no forex tomorrow..but it working .. welldone man ....thats some serious pips
  • #78,945
  • Jul 30, 2008 3:15pm Jul 30, 2008 3:15pm
closed all for 10 pips
abc pattern i suppose
short eur from 15578
  • #78,946
  • Jul 30, 2008 3:19pm Jul 30, 2008 3:19pm
Quoting Infinity
I am out of all positions now but I think this pair could be a good short after interest is paid... The next 4h close is crucial ( next hour and 3 min)
Yup.....all the signs are there... we may get a push to around 9826ish and then get some movement down after interest is paid... If uk cc is bad, it will be sweet for shorts....
Patience + Discipline - Greed = Success
  • #78,947
  • Jul 30, 2008 3:26pm Jul 30, 2008 3:26pm
Quoting 5ysfx
Today i gain 245 pips on cable and euro swingtrade with regular position
Some loses with cathing knives like long ej = -19, au= -21 pips -tiny positon aj=-22 large position but low leverage.
Day is not over yet currently have two position
shorts swing
cable from 19823
eu from 15588

short ew style
gj from 2120 average looking for 196 finally.
uj closed for +10 pips maybe will see better level.
eurgbp still short from 7863
hi five stary koń ! I like
  • #78,948
  • Jul 30, 2008 3:29pm Jul 30, 2008 3:29pm
Quoting bkg102665
I am also a small business owner that should close down and keep my forex profits as you said.I am like you though I feel I need to stay open so my employees can keep living a decent life.If it was not for the profits I have been able to make here I would almost 100% have to go out of business.
That makes me feel good that I'm not the only one wanting the keep jobs open for their employees.
Just digging in the trenches like everyone else!
  • #78,949
  • Jul 30, 2008 3:36pm Jul 30, 2008 3:36pm
Quoting Infinity
Yup.....all the signs are there... we may get a push to around 9826ish and then get some movement down after interest is paid... If uk cc is bad, it will be sweet for shorts....

infinity hows u dear bro
  • #78,950
  • Jul 30, 2008 3:50pm Jul 30, 2008 3:50pm
Quoting eohater
That makes me feel good that I'm not the only one wanting the keep jobs open for their employees.
But is this socialism or capitalist patriarchy ?

I am sure the employees don't care as long as they have a job

You could give them the company so they could run it as a co-op

I reckon there are more socialist style co-ops in the US than in England nowadays...

credit unions and public utility companies etc
  • #78,951
  • Edited 4:13pm Jul 30, 2008 3:57pm | Edited 4:13pm
Quoting warta
infinity hows u dear bro
I'm great Warta..thanks... I hope you are doing well...
Patience + Discipline - Greed = Success
  • #78,952
  • Jul 30, 2008 4:10pm Jul 30, 2008 4:10pm
Quoting allserene
But is this socialism or capitalist patriarchy ?

I am sure the employees don't care as long as they have a job

You could give them the company so they could run it as a co-op

I reckon there are more socialist style co-ops in the US than in England nowadays...

credit unions and public utility companies etc
My employees do benefit from the company making profits through profit sharing. The benefit they get, they don't have to burden the losses. They know they can buy the company if they want, but my wife and I can't just give it to them. We have too much blood, sweat and tears into making this company what it is today.

Their great employees, they look after my money closer than I do.
Just digging in the trenches like everyone else!
  • #78,953
  • Jul 30, 2008 5:06pm Jul 30, 2008 5:06pm
I have moved my intraday to what it will most llikely be....Kepp in mind yesterday intraday is a major swing for price today I have locked my swing in it since its key resistance today. Though look at the W formation we had at the bottom caused by the retracement short (61.8 fibb daily chart) and also the fact the intraday reversed itself already and we are now looking for support to be found and begin to take breaks of highs and also notice how price hit the bottom side of the channel....Though Its still to early for anything but this what I see as of right now...

Attached Image (click to enlarge)
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  • #78,954
  • Jul 30, 2008 5:45pm Jul 30, 2008 5:45pm
One for fun

There is indeed a bullish pin on the daily ,Its not pretty but I reckon the low has been marked for the next 24hrs.
Attached Image (click to enlarge)
Click to Enlarge Name: 30 min h+s.gif Size: 40 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #78,955
  • Jul 30, 2008 5:48pm Jul 30, 2008 5:48pm
I would think this thing is on its way to 1.96. EUR took its hit but GBP hasn't moved much to the downside. Same with GBP/JPY.
  • #78,956
  • Edited 7:10pm Jul 30, 2008 6:53pm | Edited 7:10pm
What is a boy to make of all this - all these highly skilled and experienced chart jockeys predicting exactly opposite views...

You know what this means don't you - charts are....unreliable ?

Could be that some are working hourly and some daily but it's still a mess

So Euro has gone down and GBP not - perhaps the euro will rebound strongly and pump up GBP even higher

I have a long on the euro as a one week play

The US stock mkt has been doing well recently on all this 'cheap' oil haha !

It's only 3 years since greenspan said $55 oil would cause a recession if it ever got there. Did someone change the rules or is this optimism just escapism ?

I still think we are at a real cross roads and it's too early to call
  • #78,957
  • Jul 30, 2008 7:01pm Jul 30, 2008 7:01pm
Quote
So Euro has gone down and GBP not - perhaps the euro will rebound strongly and pump up GBP even higher

If EUR going down didn't send GBP down, why would EUR going up send GBP up? I see a delay is all.
  • #78,958
  • Jul 30, 2008 8:10pm Jul 30, 2008 8:10pm
Quoting Infinity
Yup.....all the signs are there... we may get a push to around 9826ish and then get some movement down after interest is paid... If uk cc is bad, it will be sweet for shorts....
nice....
Patience + Discipline - Greed = Success
  • #78,959
  • Jul 30, 2008 8:18pm Jul 30, 2008 8:18pm
Quoting Bones
One for fun

There is indeed a bullish pin on the daily ,Its not pretty but I reckon the low has been marked for the next 24hrs.
I think longs should approach with caution because as you stated on your chart, the right shoulder has not formed yet and this thing could head down to 9712 easily.... weekly chart is bearish and if monthly closes as is now, it could get ugly.....for longs that is....
Patience + Discipline - Greed = Success
  • #78,960
  • Jul 30, 2008 8:19pm Jul 30, 2008 8:19pm
I'm short 1.9780 TP 1.9725
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