I still don't believe that our economy is all that great, its just that in a world full of chaos, the reserve currency is the most stable!!
"what doesn't bankrupt me, makes me stronger" modern nietzche
Cable Update (GBPUSD)
- #81,582
- Aug 11, 2008 11:10pm Aug 11, 2008 11:10pm
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
- #81,583
- Aug 11, 2008 11:12pm Aug 11, 2008 11:12pm
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
no bro its far from great but the good thing is that europe is in worse condition because it just entered in a really dark territory especially UK
- #81,584
- Aug 11, 2008 11:17pm Aug 11, 2008 11:17pm
- Joined Feb 2007 | Status: Trader | 2,428 Posts
Cable just broke last yrs low, I closed my long for -650 pips. I learned my lesson, however I live to trade another day!!!!.
- #81,585
- Aug 11, 2008 11:26pm Aug 11, 2008 11:26pm
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
- #81,586
- Aug 11, 2008 11:27pm Aug 11, 2008 11:27pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,364 Posts
When life gives you lemons, make lemonade
- #81,587
- Aug 11, 2008 11:29pm Aug 11, 2008 11:29pm
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
- #81,588
- Aug 11, 2008 11:30pm Aug 11, 2008 11:30pm
- Joined Apr 2007 | Status: Trader | 2,387 Posts
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #81,589
- Aug 11, 2008 11:33pm Aug 11, 2008 11:33pm
- Joined Apr 2007 | Status: Trader | 2,387 Posts
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #81,590
- Aug 11, 2008 11:34pm Aug 11, 2008 11:34pm
Did I not say "seven days and possibly 650 short Pips"? 
For everyone still holding longs good luck with your account. I hope its big enough and/or your in a small enough position to hold it. But as my signature says "Don't get bitter, get better. That is the only way to fill your Money Bins back up.
For everyone still holding longs good luck with your account. I hope its big enough and/or your in a small enough position to hold it. But as my signature says "Don't get bitter, get better. That is the only way to fill your Money Bins back up.
Don't Get Bitter, Get Better
- #81,591
- Aug 11, 2008 11:51pm Aug 11, 2008 11:51pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Well I see that my tp of 1.9000 from 9250 was hit for 250 green pips. I had a buy order for a stop and reverse at the same place which was also hit. So I am now long from 9000 and will add down to 8850 stop below 8836. I started this with small lots and will add when I get signals to do so. My first tp is 9130 then 9330......
Patience + Discipline - Greed = Success
- #81,592
- Aug 11, 2008 11:53pm Aug 11, 2008 11:53pm
all i can say is that iff CPI came in strong then it will trigger a retracement to which i will be selling from
but the trend is downwards until dollar strength is over
i think it will be good time to resell more units
last few days i sell only , setups looks great for sellers on many pairs
that's what i had today morning (pic)
- #81,593
- Aug 12, 2008 12:00am Aug 12, 2008 12:00am
- Joined Apr 2007 | Status: Trader | 2,387 Posts
i think it will be good time to resell more units
last few days i sell only , setups looks great for sellers on many pairs
that's what i had today morning (pic)
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #81,595
- Aug 12, 2008 12:06am Aug 12, 2008 12:06am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
[
I made 250 short pips since yesterday and now I want 300+ long pips....
I hope I don't sound greedy....
Hi All I am back after loosing half my account last week. I stepped back over the weekend to get a clearer view of what is happening. Sometimes tech. wins sometimes Fundies win. Last week fundies ruled the roost. This was caused by the sell off of gold and oil which caused the buying of the dollar and not because the US economy is getting better. As Bloomberg says it is just winning the ugly pageant. So in my view USD buying will continue while the oil and gold is been sold off. Once that stops then only will we see any real retracment or reversal. So for now Short all the way until you see gold and oil stabilizes, if you are still long get out and live to trade another day.
I have already made my first 40pips this morning on the way down!
I hope I don't sound greedy....
Patience + Discipline - Greed = Success
- #81,596
- Aug 12, 2008 12:08am Aug 12, 2008 12:08am
- Joined Apr 2007 | Status: Trader | 2,387 Posts
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #81,597
- Aug 12, 2008 12:11am Aug 12, 2008 12:11am
- Joined Apr 2007 | Status: Trader | 2,387 Posts
[
I made 250 short pips since yesterday and now I want 300+ long pips....
I hope I don't sound greedy....
as long as have good MM then greed is good
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #81,598
- Aug 12, 2008 12:19am Aug 12, 2008 12:19am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
greed is partof the game
as long as have good MM then greed is good
You also must have a plan and apply good risk management, in other words stop loss (mental or automated).
Patience + Discipline - Greed = Success
- #81,599
- Aug 12, 2008 12:19am Aug 12, 2008 12:19am
- Joined Mar 2008 | Status: Fooled by randomness | 8,364 Posts
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
i strongly think so
When life gives you lemons, make lemonade
- #81,600
- Aug 12, 2008 12:22am Aug 12, 2008 12:22am
- Joined Apr 2007 | Status: Trader | 2,387 Posts
You also must have a plan and apply good risk management, in other words stop loss (mental or automated).
strict set loss and no emotions
"what doesn't bankrupt me, makes me stronger" modern nietzche