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Cable Update (GBPUSD)

  • #84,301
  • Aug 27, 2008 8:56am Aug 27, 2008 8:56am
this 8422-8399 is a confluence of the 1hr asc supp t/line, prev 1hr swing hi/lo area, 50% retrace of the move up from 8330, and daily pivot although trend line under threat again as I type this....should this area give way it starts to look potentially bearish from an intraday viewpoint. Mni saying bids to 8400.
ex member
  • #84,302
  • Aug 27, 2008 8:57am Aug 27, 2008 8:57am
Quoting Why Oh Why
http://www.tradingcentral.com/chart/...0827144910.GIF
[/center]
I really, really like this analysis
Do you think the karate kid knows kung-fu?
  • #84,303
  • Aug 27, 2008 9:08am Aug 27, 2008 9:08am
Quoting micho
all i know is during this month of august the GBPUSD is very thin and this pair is constantly being manipulated by some big boys day and night eating the money. it doesn't make sense but i think its all because of the low volumes this month.

correct me if i am wrong
seems deadly easy at mo to me, just sell sell and sell again, free money in this market at moment, u just have to have a trading plan that can take advantage of it
Trading is 80% Emotional, 20% Technical
  • #84,304
  • Aug 27, 2008 9:09am Aug 27, 2008 9:09am
Quoting nAVIN2007
this is a very bad month for me ...im consistely paying the market anyway im hedged and i have no top this better got 1.86 b4 it goes down otherwise im hedged for 6 month till we start heading totoward 1.93....

this is manipulated big time......the number of false breakouts i have been caught with is unbelieveable....anyway i loss another £30 and hedge loss £18
market is the market, forget about that kind of stuff just trade what u see?! sell into falied rallies is easy money making strategy at mo, see in sept if the trend continues, consensus is that it will...
Trading is 80% Emotional, 20% Technical
  • #84,305
  • Aug 27, 2008 9:19am Aug 27, 2008 9:19am
Quoting fx local
market is the market, forget about that kind of stuff just trade what u see?! sell into falied rallies is easy money making strategy at mo, see in sept if the trend continues, consensus is that it will...
i know what yur saying and yur right....i just always in my life when things are easy..i always think outside the box...cause i think theres a catch..i know this sound crazy and im paying the price in my trading..anyways the loses are coverable ..(i hope)

many pips to u bro...if i lose u might as well get them ..
  • #84,306
  • Aug 27, 2008 9:24am Aug 27, 2008 9:24am
Hey everyone, back again today looking for my +30 pips, seems like i missed on a good down move already. Anyone here trading the news coming out at 10:35am?
  • #84,307
  • Aug 27, 2008 9:25am Aug 27, 2008 9:25am
Quoting Alastair
whats up eohater!
how you doing?
i hope so too i have had this short posi for a couple hours now 1.8448
I hope your still short!
Just digging in the trenches like everyone else!
  • #84,308
  • Aug 27, 2008 9:29am Aug 27, 2008 9:29am
Quoting nAVIN2007
i know what yur saying and yur right....i just always in my life when things are easy..i always think outside the box...cause i think theres a catch..i know this sound crazy and im paying the price in my trading..anyways the loses are coverable ..(i hope)

many pips to u bro...if i lose u might as well get them ..
key to stick with the trend, every trading in world will tell u that!

keep it simple ie look for an area to get involved and enter and wait to sell off to occur, has worked well for me all month, will change strategy when market changes, first six months of this year required different strategy since we were stuck in range bracket, trading all about evolving ur approach, having flexiable mindset,

u can do it Nav, just need to readjust and improve ur trade setups,

happy trading to all
Trading is 80% Emotional, 20% Technical
  • #84,309
  • Aug 27, 2008 9:31am Aug 27, 2008 9:31am
Quoting ddblue
I really, really like this analysis
I guess I closed a bit prematurely,but hey any winner is a good winner
  • #84,310
  • Aug 27, 2008 9:56am Aug 27, 2008 9:56am
Quoting fx local
key to stick with the trend, every trading in world will tell u that!

keep it simple ie look for an area to get involved and enter and wait to sell off to occur, has worked well for me all month, will change strategy when market changes, first six months of this year required different strategy since we were stuck in range bracket, trading all about evolving ur approach, having flexiable mindset,

u can do it Nav, just need to readjust and improve ur trade setups,

happy trading to all
This is so true. Systems and traders need to adapt to the conditions of the market.

Thank you for the reminder fx local!
Just digging in the trenches like everyone else!
  • #84,311
  • Aug 27, 2008 9:57am Aug 27, 2008 9:57am
Quoting torcuswelby
I guess I closed a bit prematurely,but hey any winner is a good winner
Anytime it's green it's good!
Just digging in the trenches like everyone else!
  • #84,312
  • Aug 27, 2008 10:00am Aug 27, 2008 10:00am
Still holding my shorts from 1.8442 with profit locked in. I don't know how much further she will fall with oil rising.
Just digging in the trenches like everyone else!
  • #84,313
  • Aug 27, 2008 10:00am Aug 27, 2008 10:00am
Quoting eohater
I hope your still short!
i got 55 green ones. just got back to my p.c.
will look for another short later on!
Keep It Simple Stupid
  • #84,314
  • Aug 27, 2008 10:06am Aug 27, 2008 10:06am
sterling taking a real pasting against the euro keeping cable down

now above 0.8000 level now
Trading is 80% Emotional, 20% Technical
  • #84,315
  • Aug 27, 2008 10:07am Aug 27, 2008 10:07am
Quoting Alastair
i got 55 green ones. just got back to my p.c.
will look for another short later on!
Just digging in the trenches like everyone else!
  • #84,316
  • Aug 27, 2008 10:11am Aug 27, 2008 10:11am
looking for 8309 hopefully before 5pm EST. dont wanna pay triple interest on multiple lots..
  • #84,317
  • Aug 27, 2008 10:12am Aug 27, 2008 10:12am
Quoting akirax
looking for 8309 hopefully before 5pm EST. dont wanna pay triple interest on multiple lots..

...i have that as a target too ...
  • #84,318
  • Aug 27, 2008 10:18am Aug 27, 2008 10:18am
Quoting eohater
Still holding my shorts from 1.8442 with profit locked in. I don't know how much further she will fall with oil rising.
Profit was just taken at 1.8350 Waiting now for my next setup! Time to hit the pipe and chill.
Just digging in the trenches like everyone else!
  • #84,319
  • Aug 27, 2008 10:18am Aug 27, 2008 10:18am
Interesting divergence cable/euro against the dollar

Havent seen that for a while

My first exposure to the democratic convention has made me jumpy. Michelle loves Barack and he loves her and the kids love their parents and they all pray to god together and they have pink bunnies sown into their pillow cases and they have no tooth cavities and they love to go to school etc etc etc
They can't say 'America' without crying with pride
Everything but a smear of vaseline on the lens to make it dreamy

No wonder everyone wants to shoot the rest of their class mates by the time they get to 16 years old - the need to scream must build and build

I think I will work off the yuck factor by placing some big positions and either flagelate myself with the losses or go buy a truck load of gin with the winnings

Now which is the real direction - the euros strength or cables despair ?
  • #84,320
  • Aug 27, 2008 10:19am Aug 27, 2008 10:19am
Quoting eohater
Profit was just taken at 1.8350 Waiting now for my next setup! Time to hit the pipe and chill.
Nice one!
Keep It Simple Stupid
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