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Cable Update (GBPUSD)

  • #86,241
  • Sep 7, 2008 5:17pm Sep 7, 2008 5:17pm
wow theres a lot of volatility....
  • #86,242
  • Sep 7, 2008 5:18pm Sep 7, 2008 5:18pm
ok i hedged her back to 0 yay haha.... might ride out for alittle profit due to hopefuly good reports for dollar tomorrow
Lets do this...
  • #86,243
  • Sep 7, 2008 5:18pm Sep 7, 2008 5:18pm
Eccck, I just saw a 90pip move down in under 30seconds, 1 blip really ouuccchhhh glad I'm staying outta this nuts,

100point blips = margin or stop and account killed in no time.



When is this madness going to stop.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #86,244
  • Sep 7, 2008 5:20pm Sep 7, 2008 5:20pm
lol look at the markets hahahhahaha
When life gives you lemons, make lemonade
  • #86,245
  • Sep 7, 2008 5:24pm Sep 7, 2008 5:24pm
Quoting Turveyd
Eccck, I just saw a 90pip move down in under 30seconds, 1 blip really ouuccchhhh glad I'm staying outta this nuts,

100point blips = margin or stop and account killed in no time.



When is this madness going to stop.
I tried to buy in at 860 on the drop...of course i wasn't allowed in. Zoomed on down then bounced up....the hour isn't over yet...but at the moment talk about the doji candle from hell!!
  • #86,246
  • Sep 7, 2008 5:27pm Sep 7, 2008 5:27pm
direction .... down
  • #86,247
  • Sep 7, 2008 5:30pm Sep 7, 2008 5:30pm
short your pants off gentleman... hooray... anyone have any expectations for tomorrow?
Lets do this...
  • #86,248
  • Sep 7, 2008 5:30pm Sep 7, 2008 5:30pm
Hey Guys,

I've just been trading (demo account) for the past 30 minutes and already have got off to a good start. I'm testing out a system i made and its looking good so far. I got stopped out once and made 4 trades since i began - all shorting GBP/USD on the 4 hour chart.
"The trend is your friend, until the end."
  • #86,249
  • Sep 7, 2008 5:32pm Sep 7, 2008 5:32pm
Guys, I am still on the computer, one last thing I want to ask you for all the expert traders can you tell me what would be the appropriate PT levels, because it seems like if this week started with 1.7935 then the end of the week might be on the very low end around 1.72/1.73 as you guys know that trend is downward and we don't have to mess with the trend right guys!!!!!!!!!!!!!!!!!!!!!!!!!!!!.

Would anybody have PT level is 1.7540

Mine is currently @ 1.77 any suggestion would be really appreciated...
  • #86,250
  • Sep 7, 2008 5:33pm Sep 7, 2008 5:33pm
Quoting deboooo2005
direction .... down
Any one knows why the whole market stops now? It is just like dying on 1.7853..

Is there a storm coming in?
  • #86,251
  • Sep 7, 2008 5:38pm Sep 7, 2008 5:38pm
Quoting jcminvest
short your pants off gentleman... hooray... anyone have any expectations for tomorrow?
We may be back on the short train....definitely in the long run I think, but for the moment all the majors are just sorta returning towards their Sun. open gap prices. Like someones trying to make us forget what we saw going on for the last 2 hours!!! lol...now, will we just sorta range till the London open??
  • #86,252
  • Sep 7, 2008 5:51pm Sep 7, 2008 5:51pm
Quoting jcminvest
short your pants off gentleman... hooray... anyone have any expectations for tomorrow?
Well in terms of Fundamentals i would be looking out for:

9:30am (UK Time) - PPI Input
6:00pm (UK Time) - FOMC Member Fisher Speaks from Austin, TX.

In the mean time i'm short from 1.7828.

ForexRookie
"The trend is your friend, until the end."
  • #86,253
  • Sep 7, 2008 5:52pm Sep 7, 2008 5:52pm
i would be very careful with shorts right now. Reading these posts the last new pages makes me laugh. Everyone trying to figure out why this or that happened.

Its in no mans land right now. It either needs to test the high for a short or go lower for a long. Time and place right now are not right for either

I think everyone knows the way I will be trading it again this week
  • #86,254
  • Sep 7, 2008 5:53pm Sep 7, 2008 5:53pm
Quoting PippinAintEZ
We may be back on the short train....definitely in the long run I think, but for the moment all the majors are just sorta returning towards their Sun. open gap prices. Like someones trying to make us forget what we saw going on for the last 2 hours!!! lol...now, will we just sorta range till the London open??
Yeah Sunday evening and early part of Monday is like the day when the price will fill in the gap made over the weekend. I expect so, just look for the London Open and News Release at 9:30am UK Time.

ForexRookie
"The trend is your friend, until the end."
  • #86,255
  • Sep 7, 2008 5:53pm Sep 7, 2008 5:53pm
Quoting steelhead
i would be very careful with shorts right now. Reading these posts the last new pages makes me laugh. Everyone trying to figure out why this or that happened.

Its in no mans land right now. It either needs to test the high for a short or go lower for a long. Time and place right now are not right for either

I think everyone knows the way I will be trading it again this week

haha going long again my friend?
Lets do this...
  • #86,256
  • Sep 7, 2008 5:57pm Sep 7, 2008 5:57pm
Quoting steelhead
i would be very careful with shorts right now. Reading these posts the last new pages makes me laugh. Everyone trying to figure out why this or that happened.

Its in no mans land right now. It either needs to test the high for a short or go lower for a long. Time and place right now are not right for either

I think everyone knows the way I will be trading it again this week
I can understand where you're coming from, the way i see it is the gap made over the weekend could have been a test for the high and has given us the opportunity to short again, if that makes sense?
"The trend is your friend, until the end."
  • #86,257
  • Sep 7, 2008 6:46pm Sep 7, 2008 6:46pm
1.7844 now is resitance
  • #86,258
  • Sep 7, 2008 6:51pm Sep 7, 2008 6:51pm
Hello guys,here is what I see on my charts. This analisys is based on last friday closed. I have not open my platform yet.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: (Carrera) GBP-USD Sept. 07 Monthly Chart.png Size: 68 KB
Click to Enlarge Name: (Carrera) GBP-USD Sept. 07 Weekly Chart.png Size: 161 KB
  • #86,259
  • Sep 7, 2008 6:55pm Sep 7, 2008 6:55pm
Quoting steelhead
i would be very careful with shorts right now. Reading these posts the last new pages makes me laugh. Everyone trying to figure out why this or that happened.

Its in no mans land right now. It either needs to test the high for a short or go lower for a long. Time and place right now are not right for either

I think everyone knows the way I will be trading it again this week
and such an illiquid market to boot, BUT you must remember the mentality of the retail trader to be in a trade almost all the time, this is why so many lose and names change so often. even when the market is completely unstable and uncertain, most here continue to look for S/R points, fib lines and trades to enter
Don't chase the market, Let the market come to you
  • #86,260
  • Sep 7, 2008 7:06pm Sep 7, 2008 7:06pm
Quoting Tmac
and such an illiquid market to boot, BUT you must remember the mentality of the retail trader to be in a trade almost all the time, this is why so many lose and names change so often. even when the market is completely unstable and uncertain, most here continue to look for S/R points, fib lines and trades to enter

Totally agree tmac. No patience have to be in a trade all the time. Offcourse when you are scalping 10-15 pips I guess you can do that.


I prefer to let the market come to me, not chase it. Then again what do I know about the market lol.

Forex Expo in Vegas this weekend I will be there. Anyone going let me know.
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