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Cable Update (GBPUSD)

  • #80,981
  • Aug 8, 2008 5:59am Aug 8, 2008 5:59am
Quoting fx local
FYI
FX...where did you find that order book?
  • #80,982
  • Aug 8, 2008 6:00am Aug 8, 2008 6:00am
Hi guys,This is my first tyme to post here on this thread. enjoy readin ur comments decided to start contributin.So why do some u guys keep hoping for a move( retracement) to happen. Still new in this biz but learnt the hard way in FX hope aint ur friend leave hope and faith to religion.But all in all this move is extraordinaire
  • #80,983
  • Aug 8, 2008 6:01am Aug 8, 2008 6:01am
So..........
I just cut one of my positions for a total of neg 11%. Have another 3 positions open sitting at also neg 11%. Feeling stressed. So what to do.
I am going to sit on my hands today and slap them silly if I want to load anymore longs.
Will wait for US open and then will probably wait for Monday open.
Coincidentally, this is my biggest loss I have taken in six months trading live. Had to happen I suppose. Still here to trade another day.
  • #80,984
  • Aug 8, 2008 6:06am Aug 8, 2008 6:06am
Quoting nAVIN2007
now i know what u mean when u say ...just action yur thoughts and stick to it....i got screwed cause of retrace..welldone bro on yur short..
thanks Nav, how are u doing my friend? been a while

hows ur roadtrip to profitabilty and the learning curve going? im getting there slowly myself, takes time, effort and self evalution on daily basis, think we spend too much analysing market rather than assessing own behaviour!

happy trading
Trading is 80% Emotional, 20% Technical
  • #80,985
  • Aug 8, 2008 6:09am Aug 8, 2008 6:09am
Quoting DJ4x
So..........
I just cut one of my positions for a total of neg 11%. Have another 3 positions open sitting at also neg 11%. Feeling stressed. So what to do.
I am going to sit on my hands today and slap them silly if I want to load anymore longs.
Will wait for US open and then will probably wait for Monday open.
Coincidentally, this is my biggest loss I have taken in six months trading live. Had to happen I suppose. Still here to trade another day.
im in the shit too....biggest loss i face also.....all my profit made lost in this trade...assuming it dont go up..let keep positive and see this and as chance to develop a pin...to go up...

ps: this is the last time i dont follow dailly...f*ck retracements, id rather go in direction of trend..good luck bro
  • #80,986
  • Aug 8, 2008 6:09am Aug 8, 2008 6:09am
Quoting hard1head1
We are at a level that I consider particularly strong since there were only 2 hits each time. I other words, it didn't hang around at this level the last 2 times it was here. We may turn here, FX.

Jim
thanks for insight, would like to think cable not going to move in straight line forever!! got profit stop set alreadly. just a case of searching for best price to get out rather than the bottom!
Trading is 80% Emotional, 20% Technical
  • #80,987
  • Aug 8, 2008 6:09am Aug 8, 2008 6:09am
Quoting fx local
i second that, my small short trade from 19445 yesterday currently 225pips onside and counting....

seems king dollar is back temporarily!



happy trading all
Is King Dollar back temporarily or is he here to stay?
Expected the unexpected
  • #80,988
  • Aug 8, 2008 6:10am Aug 8, 2008 6:10am
Quoting usdivers
FX...where did you find that order book?
my news provider, MNI
Trading is 80% Emotional, 20% Technical
  • #80,989
  • Aug 8, 2008 6:15am Aug 8, 2008 6:15am
Quoting DJ4x
So..........
I just cut one of my positions for a total of neg 11%. Have another 3 positions open sitting at also neg 11%. Feeling stressed. So what to do.
I am going to sit on my hands today and slap them silly if I want to load anymore longs.
Will wait for US open and then will probably wait for Monday open.
Coincidentally, this is my biggest loss I have taken in six months trading live. Had to happen I suppose. Still here to trade another day.
unlucky mate, keep ur head up, losses apart of the game and unavoidable. take a breather assess what went wrong. take time to develop low risk plan/idea. one rule i have is that if im long and expect the market to bounce but it only goes sideways i always get out.

good luck
Trading is 80% Emotional, 20% Technical
  • #80,990
  • Aug 8, 2008 6:21am Aug 8, 2008 6:21am
very slow
{Promotion Removed}
  • #80,991
  • Aug 8, 2008 6:23am Aug 8, 2008 6:23am
Quoting scyang
Is King Dollar back temporarily or is he here to stay?
well this is the break below 1.9400(1.5300 in euro) all the dollar bulls been waiting for, if crude carries on to fall further to $110 then sub $100 per barrel then things will get very interesting in FX. UK and EU data getting worse day by day also, so are we just merely behind the US curve in bad news, remains to be seen, general concensus among FX market "strategists" is cable year end at 1.8600 and Euro 1.4500. This is based on the premise that inflation here and EU is short term phenomanan and both ECB and UK shall have to cut rates aggressively to support growth and job creation. The risk is that inflation is not short term and lasts longer and growth suffers with the BOE and ECB unable to combat either of the problems.
Trading is 80% Emotional, 20% Technical
  • #80,992
  • Aug 8, 2008 6:23am Aug 8, 2008 6:23am
Quoting artsameer
very slow
but sound serious
  • #80,993
  • Aug 8, 2008 6:27am Aug 8, 2008 6:27am
Quoting fx local
well this is the break below 1.9400(1.5300 in euro) all the dollar bulls been waiting for, if crude carries on to fall further to $110 then sub $100 per barrel then things will get very interesting in FX. UK and EU data getting worse day by day also, so are we just merely behind the US curve in bad news, remains to be seen, general concensus among FX market "strategists" is cable year end at 1.8600 and Euro 1.4500. This is based on the premise that inflation here and EU is short term phenomanan and both ECB and UK shall have to cut rates aggressively to support growth and job creation. The risk is that inflation is not short term and lasts longer and growth suffers with the BOE and ECB unable to combat either of the problems.
any idea how far up this bitch can go? bro....sounds like max 1.96 possibly
  • #80,994
  • Aug 8, 2008 6:29am Aug 8, 2008 6:29am
30 min new york market open
{Promotion Removed}
  • #80,995
  • Aug 8, 2008 6:30am Aug 8, 2008 6:30am
Hi guys! It's my first time here.

We'll see if it breaks and closes above the M15 20 EMA resistance and Daily S3.
Life is a journey... So is trading.
  • #80,996
  • Aug 8, 2008 6:33am Aug 8, 2008 6:33am
Well, one of my first Down trend lines has been broken. I have been waiting for this. Lets see if it holds up under the test.
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  • #80,997
  • Aug 8, 2008 6:33am Aug 8, 2008 6:33am
Quoting artsameer
30 min new york market open

if im right then ..the move down quickly had to happen cause a rejection to a support level has to happen otherwise we keep falling, gold is at a support which i expect it not to break based on past....

dollar index is frozen....if we drop more im gonna have a baby!
  • #80,998
  • Aug 8, 2008 6:36am Aug 8, 2008 6:36am
Quoting nAVIN2007
if im right then ..the move down quickly had to happen cause a rejection to a support level has to happen otherwise we keep falling, gold is at a support which i expect it not to break based on past....

dollar index is frozen....if we drop more im gonna have a baby!

call him Cable
  • #80,999
  • Aug 8, 2008 6:37am Aug 8, 2008 6:37am
Quoting warta
call him Cable

cant do that i might kill him/her
  • #81,000
  • Aug 8, 2008 6:38am Aug 8, 2008 6:38am
Quoting nAVIN2007
cant do that i might kill him/her

to never forget his name when u become old
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