i put a new oder for long @ 7149 tp: 7235..
Cable Update (GBPUSD)
- #91,944
- Oct 15, 2008 9:08pm Oct 15, 2008 9:08pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
- #91,946
- Edited 10:22pm Oct 15, 2008 10:04pm | Edited 10:22pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #91,947
- Oct 15, 2008 10:22pm Oct 15, 2008 10:22pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
- #91,949
- Oct 15, 2008 10:29pm Oct 15, 2008 10:29pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
- #91,950
- Oct 15, 2008 10:32pm Oct 15, 2008 10:32pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
- #91,951
- Oct 15, 2008 10:32pm Oct 15, 2008 10:32pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Hey bro... I'm in short from 7350 but I have stop at +1 because we are above 15m 5/10/50.. The 4h concerns me also as it could turn bullish..
Just digging in the trenches like everyone else!
- #91,953
- Oct 15, 2008 10:34pm Oct 15, 2008 10:34pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Nice entry!
Patience + Discipline - Greed = Success
- #91,954
- Oct 15, 2008 10:37pm Oct 15, 2008 10:37pm
- | Joined Jul 2008 | Status: Trader | 1,010 Posts
Let me add a little fundamental thought here.
It seems to me that when stocks are tanking, as they are all over the world, the money comes out of the stock market and goes into Treasury. (flight to safety, econ 101)
When money goes into Treasury the currency of that country gets stronger.
Therefore, when the European and British markets open the GBP & Euro goes up.
When the U.S. market opens and stocks drop the $ gets stronger.
That seems to be the pattern for the past several days.
So.......long at 8:30 GMT and short at 1:30 GMT.
Hope it's that simple!
It seems to me that when stocks are tanking, as they are all over the world, the money comes out of the stock market and goes into Treasury. (flight to safety, econ 101)
When money goes into Treasury the currency of that country gets stronger.
Therefore, when the European and British markets open the GBP & Euro goes up.
When the U.S. market opens and stocks drop the $ gets stronger.
That seems to be the pattern for the past several days.
So.......long at 8:30 GMT and short at 1:30 GMT.
Hope it's that simple!
- #91,955
- Oct 15, 2008 10:38pm Oct 15, 2008 10:38pm
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
Have no idea ! May up, may down ! The trend still up, no incation to fall again on M1.
Looks like going south
- #91,957
- Oct 15, 2008 10:40pm Oct 15, 2008 10:40pm
- | Joined Jul 2007 | Status: Trader | 1,036 Posts
Let me add a little fundamental thought here.
It seems to me that when stocks are tanking, as they are all over the world, the money comes out of the stock market and goes into Treasury. (flight to safety, econ 101)
When money goes into Treasury the currency of that country gets stronger.
Therefore, when the European and British markets open the GBP & Euro goes up.
When the U.S. market opens and stocks drop the $ gets stronger.
That seems to be the pattern for the past several days.
So.......long at 8:30 GMT and short at 1:30 GMT.
Hope it's that simple!
Thanks man! i hadn't noticed that. I need to take a better look at my charts.
- #91,958
- Oct 15, 2008 10:46pm Oct 15, 2008 10:46pm
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
Let me add a little fundamental thought here.
It seems to me that when stocks are tanking, as they are all over the world, the money comes out of the stock market and goes into Treasury. (flight to safety, econ 101)
When money goes into Treasury the currency of that country gets stronger.
Therefore, when the European and British markets open the GBP & Euro goes up.
When the U.S. market opens and stocks drop the $ gets stronger.
That seems to be the pattern for the past several days.
So.......long at 8:30 GMT and short at 1:30 GMT.
Hope it's that simple!
- #91,959
- Oct 15, 2008 10:46pm Oct 15, 2008 10:46pm
Let me add a little fundamental thought here.
It seems to me that when stocks are tanking, as they are all over the world, the money comes out of the stock market and goes into Treasury. (flight to safety, econ 101)
When money goes into Treasury the currency of that country gets stronger.
Therefore, when the European and British markets open the GBP & Euro goes up.
When the U.S. market opens and stocks drop the $ gets stronger.
That seems to be the pattern for the past several days.
So.......long at 8:30 GMT and short at 1:30 GMT.
Hope it's that simple!
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