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Cable Update (GBPUSD)

  • #83,601
  • Aug 22, 2008 3:47am Aug 22, 2008 3:47am
GDP in Uk is zero, which means sell GBP
lol
  • #83,602
  • Aug 22, 2008 3:48am Aug 22, 2008 3:48am
Quoting trading801
not broken.. still holding arrgghhhh send in the cavalry
Good that it's bouncing back. Hope it holds and moves up.
Expected the unexpected
  • #83,603
  • Aug 22, 2008 3:49am Aug 22, 2008 3:49am
who knows when we are retracing.maybe next year
  • #83,604
  • Aug 22, 2008 3:50am Aug 22, 2008 3:50am
Look guys,
It got me so bad but the good news is "am on demo trade"

I laugh but it is not funny for me... what if i was on live trade? I didnt even have SL on. I need to go back to discipling myself.

Any way... is there no sight of retracement?
  • #83,605
  • Aug 22, 2008 3:52am Aug 22, 2008 3:52am
Quoting oolides
who knows when we are retracing.maybe next year
lol maybe not
When life gives you lemons, make lemonade
  • #83,606
  • Aug 22, 2008 3:53am Aug 22, 2008 3:53am
pls give us shorters some break man.. i have been holding out at -200 pips since 36 hours... sweating man.. finally now i am +pips
  • #83,607
  • Aug 22, 2008 3:53am Aug 22, 2008 3:53am
Where are alll those can't fail Buy £ here @ 8670 level ($ bear) merchants now,..scuttled back to the woods no doubt, lol. Seruiously though it was a ridiculous call ahead of such potentially high impact data, and newbies watching here should take it as more proof that all view expressed here or any such place whilst useful/entertaining are not a usefulas meaningful analysis from which you can make your own decisions.
ex member
  • #83,608
  • Aug 22, 2008 3:54am Aug 22, 2008 3:54am
I'm still holding my long. That was just false breakout (news)
  • #83,609
  • Aug 22, 2008 3:56am Aug 22, 2008 3:56am
Quoting AmeriTrini
Patience + Discipline - Greed = Success

you could learn alot from the above equation, because anything that involves Greed, involves gambling. When you sell in a uptrend, it is Greed taking over. I am not trying to get on your case but just the opposite, make your case STRONGER!! all the best bro!!!

Yep i know it bro. thx for ur advice.

closed my short at 1.8600.
total 169 pips for today. no more trade today.
have a nice weekend all.

Patience + Discipline - Greed = Success
  • #83,610
  • Aug 22, 2008 3:57am Aug 22, 2008 3:57am
Quoting Ya-Razzaq
I'm still holding my long. That was just false breakout (news)

GDP is a big part of news and fundamental trading
u shouldnt cosider as a peice of "short term effect" news

its actually directly linked to rate decisions
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #83,611
  • Aug 22, 2008 3:59am Aug 22, 2008 3:59am
Don't forget Monday is a UK holiday.....

HOLLA
  • #83,612
  • Aug 22, 2008 4:06am Aug 22, 2008 4:06am
Quoting bbmac
Where are alll those can't fail Buy £ here @ 8670 level ($ bear) merchants now,..scuttled back to the woods no doubt, lol. Seruiously though it was a ridiculous call ahead of such potentially high impact data, and newbies watching here should take it as more proof that all view expressed here or any such place whilst useful/entertaining are not a usefulas meaningful analysis from which you can make your own decisions.
I apologize to anyone that might have followed me going long. I've said it before and I'll say it again, I'm not a fundamental trader. I don't care about news events. I'm only concerned about price levels, time of day and charts. If anyone would like for me to stop posting my trades, please let me know and I'll only post technical analysis.
Just digging in the trenches like everyone else!
  • #83,613
  • Aug 22, 2008 4:10am Aug 22, 2008 4:10am
Possible time for a nice long entry with a tight SL.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 71 KB
Just digging in the trenches like everyone else!
  • #83,614
  • Aug 22, 2008 4:13am Aug 22, 2008 4:13am
Quoting eohater
Possible time for a nice long entry with a tight SL.
Sounds good I am holding some longs still....
  • #83,615
  • Aug 22, 2008 4:15am Aug 22, 2008 4:15am
i hope its safe to go long now
  • #83,616
  • Aug 22, 2008 4:16am Aug 22, 2008 4:16am
Quoting oolides
i hope its safe to go long now
There may not be such a thing as safe in forex trading.
Expected the unexpected
  • #83,617
  • Aug 22, 2008 4:17am Aug 22, 2008 4:17am
looks like the support is covered by around 5030 area. that's the last point that it touched before heading north last time.

Just a head up.

I am still holding my short and it's been a great ride so far.
  • #83,618
  • Aug 22, 2008 4:19am Aug 22, 2008 4:19am
what if this is only a big stop hunting ? good opportunity to go long for all the next week !!!
  • #83,619
  • Aug 22, 2008 4:22am Aug 22, 2008 4:22am
I am new to this. What is stop hunting and how, and who does it?
  • #83,620
  • Aug 22, 2008 4:24am Aug 22, 2008 4:24am
I'm off to bed.
Just digging in the trenches like everyone else!
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