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Cable Update (GBPUSD)

  • #81,581
  • Aug 12, 2008 1:09am Aug 12, 2008 1:09am
Quoting AmeriTrini
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!!

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
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,582
  • Aug 12, 2008 1:10am Aug 12, 2008 1:10am
Sorry for i'm late for today...
12-08-2008
Attached Image
  • #81,583
  • Aug 12, 2008 1:12am Aug 12, 2008 1:12am
Quoting salah k.
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
This is crazy, I'm going to try and get some rest..................
  • #81,584
  • Aug 12, 2008 1:17am Aug 12, 2008 1:17am
Quoting AmeriTrini
Cable just broke last yrs low, I closed my long for -650 pips. I learned my lesson, however I live to trade another day!!!!.
Sorry to hear that ..... Ameri ... i suggest to leave trading for a week and go and take vacation ... and forget anything ...
  • #81,585
  • Aug 12, 2008 1:26am Aug 12, 2008 1:26am
start to hate this pair
  • #81,586
  • Aug 12, 2008 1:27am Aug 12, 2008 1:27am
this month is so full of shit
When life gives you lemons, make lemonade
  • #81,587
  • Aug 12, 2008 1:29am Aug 12, 2008 1:29am
Quoting salah k.
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

sal u think CPI can do something today ?
  • #81,588
  • Aug 12, 2008 1:30am Aug 12, 2008 1:30am
Quoting warta
start to hate this pair
i'm lovin it
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,589
  • Aug 12, 2008 1:33am Aug 12, 2008 1:33am
Quoting warta
sal u think CPI can do something today ?

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
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,590
  • Aug 12, 2008 1:34am Aug 12, 2008 1:34am
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.
Don't Get Bitter, Get Better
  • #81,591
  • Aug 12, 2008 1:51am Aug 12, 2008 1:51am
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 12, 2008 1:53am Aug 12, 2008 1:53am
Quoting salah k.
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)
Attached Image
  • #81,593
  • Aug 12, 2008 2:00am Aug 12, 2008 2:00am
Quoting oleevier
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
  • #81,594
  • Aug 12, 2008 2:00am Aug 12, 2008 2:00am
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!
  • #81,595
  • Aug 12, 2008 2:06am Aug 12, 2008 2:06am
[
Quoting Runway Trade
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 made 250 short pips since yesterday and now I want 300+ long pips....

I hope I don't sound greedy....
Patience + Discipline - Greed = Success
  • #81,596
  • Aug 12, 2008 2:08am Aug 12, 2008 2:08am
Quoting Runway Trade
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 have to disagree because oil and gold selloff was caused by dollar strength and not the other way around plus USA showed some really good numbers while europe is in bad shape(USA 6 months ago) and trichet's famoius speech and his mistake of raising rates this year.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,597
  • Aug 12, 2008 2:11am Aug 12, 2008 2:11am
Quoting Infinity
[

I made 250 short pips since yesterday and now I want 300+ long pips....

I hope I don't sound greedy....
greed is partof the game
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 2:19am Aug 12, 2008 2:19am
Quoting salah k.
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 2:19am Aug 12, 2008 2:19am
Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
now back to this question lol

i strongly think so
When life gives you lemons, make lemonade
  • #81,600
  • Aug 12, 2008 2:22am Aug 12, 2008 2:22am
Quoting Infinity

You also must have a plan and apply good risk management, in other words stop loss (mental or automated).
yeah bro thats wat i mean by MM
strict set loss and no emotions

"what doesn't bankrupt me, makes me stronger" modern nietzche
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