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Cable Update (GBPUSD)

  • #86,501
  • Sep 8, 2008 2:44pm Sep 8, 2008 2:44pm
Quoting Hamood FX
How many of you think the cable down to 1.7300
to night
I don't think that it would drop to 1.73, but I'm holding my shorts
  • #86,502
  • Sep 8, 2008 2:47pm Sep 8, 2008 2:47pm
Quoting mattpajek
now where the cable is going


Why do some of you have to be in a trade every second of every day. Now is not the time to be trading long or short, in fact not the time to be trading at all.

Why why why must you be in a trade all the time?
  • #86,503
  • Sep 8, 2008 2:47pm Sep 8, 2008 2:47pm
short position is fading away now, it has to drop to stand a chance for a break
When life gives you lemons, make lemonade
  • #86,504
  • Sep 8, 2008 2:49pm Sep 8, 2008 2:49pm
Quoting steelhead
Why do some of you have to be in a trade every second of every day. Now is not the time to be trading long or short, in fact not the time to be trading at all.

Why why why must you be in a trade all the time?
lol funny post but i just wait for opportunities and ride with it
When life gives you lemons, make lemonade
  • #86,505
  • Sep 8, 2008 3:01pm Sep 8, 2008 3:01pm
I agree with steelhead.... no trades to be made right now.... unless your going long term .... just relax... then you wont have to stress over direction... patience = less stress my friends
Lets do this...
  • #86,506
  • Sep 8, 2008 3:01pm Sep 8, 2008 3:01pm
Quoting steelhead
Why do some of you have to be in a trade every second of every day. Now is not the time to be trading long or short, in fact not the time to be trading at all.

Why why why must you be in a trade all the time?
I admit I do tend to trade often. I have a small long on GU right now with a few pips profit locked in. Is there an entry point, and direction you are looking for right now. I read all of your posts and have great respect for your opinion.
  • #86,507
  • Sep 8, 2008 3:05pm Sep 8, 2008 3:05pm
Quoting steelhead
Why do some of you have to be in a trade every second of every day. Now is not the time to be trading long or short, in fact not the time to be trading at all.

Why why why must you be in a trade all the time?
It goes back to what we talked about last night PATIENCE

Or lack thereof for some!
Just digging in the trenches like everyone else!
  • #86,508
  • Sep 8, 2008 3:05pm Sep 8, 2008 3:05pm
Quoting eohater
Make it easy on yourself. Look at any of your charts. If it's a downward trend you will see top left and lower right. If it's an upward trend you'll see lower left and higher right.


Tell'em like it is Bubba!!!
  • #86,509
  • Sep 8, 2008 3:07pm Sep 8, 2008 3:07pm
some overly aggressive moves in this pair today!! been hectic altogether

dollar on steroids,
Trading is 80% Emotional, 20% Technical
  • #86,510
  • Sep 8, 2008 3:07pm Sep 8, 2008 3:07pm
Quoting fx local
why go long? everyone knows that trend is just stick with it, look for opps for good entries, be patient and pips come...
dont worry bro......i wont go long actually i rule is go with the trend, if i enter it certainly will to be short ....but im concerned cause we might have a bottom...
  • #86,511
  • Sep 8, 2008 3:09pm Sep 8, 2008 3:09pm
Quoting nAVIN2007
dont worry bro......i wont go long actually i rule is go with the trend, if i enter it certainly will to be short ....but im concerned cause we might have a bottom...

having said that u can make money going long as some people have suggested, look at that last move up. 130+ pips straight, fast market
Trading is 80% Emotional, 20% Technical
  • #86,512
  • Sep 8, 2008 3:10pm Sep 8, 2008 3:10pm
Quoting fx local
having said that u can make money going long as some people have suggested, look at that last move up. 130+ pips straight, fast market
Longs and shorts are always in play!
Just digging in the trenches like everyone else!
  • #86,513
  • Sep 8, 2008 3:15pm Sep 8, 2008 3:15pm
Quoting rosssurf
I admit I do tend to trade often. I have a small long on GU right now with a few pips profit locked in. Is there an entry point, and direction you are looking for right now. I read all of your posts and have great respect for your opinion.

Im not trading now so I can post right? lol. Yes there is an entry point its called waiting for london session. If it hits the lows Im long if it hits the highs im short.


Pretty simple. right now its popcorn and batman begins for me
  • #86,514
  • Sep 8, 2008 3:24pm Sep 8, 2008 3:24pm
Quoting eohater
Longs and shorts are always in play!
yep easy to out of sync thou, with all the fast moves
Trading is 80% Emotional, 20% Technical
  • #86,515
  • Sep 8, 2008 3:25pm Sep 8, 2008 3:25pm
1.7650 is an area I'm watching for a possible reentry of another short or two. Might be in another 3 1/2 hours or so. If we blast through, then I'm looking around 1.772x. I don't believe the bottom has been found. I haven't seen the pits of hell yet and that's where I think we're going to land.
Just digging in the trenches like everyone else!
  • #86,516
  • Sep 8, 2008 3:39pm Sep 8, 2008 3:39pm
Sell at 1.7600
i miss the higher price
SL 1.7635
TP 1.7445
  • #86,517
  • Sep 8, 2008 3:40pm Sep 8, 2008 3:40pm
Quoting eohater
1.7650 is an area I'm watching for a possible reentry of another short or two. Might be in another 3 1/2 hours or so. If we blast through, then I'm looking around 1.772x. I don't believe the bottom has been found. I haven't seen the pits of hell yet and that's where I think we're going to land.
I like the 1.7650 area a lot myself. I wouldn't think there would be enough upside oomph to see 1.7770's, but who know after a day like this. I'm thinking the lower number puts the 1.7400 barrier squarely in our sites w/o having to have a totally crazy day like today.
  • #86,518
  • Sep 8, 2008 3:41pm Sep 8, 2008 3:41pm
Quoting fx local
some overly aggressive moves in this pair today!! been hectic altogether

dollar on steroids,
like every pair dude like every pair, there some agressive sales and buys ,
Everything is a OK
  • #86,519
  • Sep 8, 2008 3:44pm Sep 8, 2008 3:44pm
i recently enter a short here: after the pullback to the 5m 200 EMA and broken trendline (that mades me won another 58 pips once broken) and with the MACD at point cross and going down. let's see what happen...

http://i189.photobucket.com/albums/z...orex/short.jpg
  • #86,520
  • Sep 8, 2008 3:47pm Sep 8, 2008 3:47pm
Quoting PippinAintEZ
I like the 1.7650 area a lot myself. I wouldn't think there would be enough upside oomph to see 1.7770's, but who know after a day like this. I'm thinking the lower number puts the 1.7400 barrier squarely in our sites w/o having to have a totally crazy day like today.
the 1.7650 is the top of the middle channel we're in currently. I'll be watching the next 4h candle which opens for me in 3 1/2 hours. I don't think we will see the 1.7770's again anytime soon, but this is FOREX and anything is possilbe. I'm currently still sitting on shorts with profit secured so I'm only playing shorts right now.
Just digging in the trenches like everyone else!
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