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Cable Update (GBPUSD)

  • #101,141
  • Nov 25, 2008 4:17pm Nov 25, 2008 4:17pm
Quoting eohater
This I will have to agree on! Many jump on the short bus after she's already made her move and vice versa and end up loosing or having major draw down on their account just to make a few pips. It's all about the entry!
i agree entry is the key, timing is always underestimated, fancy shorts from up here, trend is ultimately down, next few days should be a crap shoot though, alot of traders taking time off for thanksgiving holidays, postion squaring, end of this week/start of next week is where we could see a move back down,
Trading is 80% Emotional, 20% Technical
  • #101,142
  • Nov 25, 2008 4:18pm Nov 25, 2008 4:18pm
Quoting alcando
Cheers chaps. I am out of this for the night. Before I leave I just want to say thank you to the US Treasury Secretary for improving the markets and damaging the dollar. His words improved my account and my international spending strength today. I am sure he trades here (probably goes by the nickname Steelhead) and makes a mint.
im with u on that.....nice to se the pound rise a bit
  • #101,143
  • Nov 25, 2008 4:20pm Nov 25, 2008 4:20pm
Quoting steelhead
Eohater you and I have talked about this many times. When you sell as the market is going down its to easy to get cought in a retrace and your stop losses with have to be greater. Knowing that and knowing that most in here use a tight stop loss that is a reciept for disaster.

I dont understand why some of you wont listen. Eohater is a very good trader listen to him if you dont want to listen to me. Sell as the market is going up buy as the market is going down. That concept is not a new one guys. Sell high buy low.

1.5500 was a good s/r level...

We have indeed talked about this in depth with one another. We are on the same page. For some reason, many traders can't get this in their head. They want to fight it and force trades. It's all in the charts.
Just digging in the trenches like everyone else!
  • #101,144
  • Nov 25, 2008 4:20pm Nov 25, 2008 4:20pm
I thought no-one will ever buy the old queens head again but mybe they are just selling there dollars (which is why the retrace wont retrace...)

Quoting nAVIN2007
im with u on that.....nice to se the pound rise a bit
Ride the Bulls bearback!
  • #101,145
  • Nov 25, 2008 4:20pm Nov 25, 2008 4:20pm
Quoting gagakrimba
It's new day a new game dude.
I think we'll see 1.6000 now
we will see where the price going at 7.30 +8GMT.
Got to go now for praying time
GELORE
  • #101,146
  • Nov 25, 2008 4:22pm Nov 25, 2008 4:22pm
Quoting musani
we will see where the price going at 7.30 +8GMT.
Got to go now for praying time
Enjoy your time! See you later.
Just digging in the trenches like everyone else!
  • #101,147
  • Nov 25, 2008 4:24pm Nov 25, 2008 4:24pm
Quoting alcando
I thought no-one will ever buy the old queens head again but mybe they are just selling there dollars (which is why the retrace wont retrace...)

yep this can quite easily on dailly turn into a inverse head and shoulder pattern...the diverence target is nowhere near reached to so it highly possible
  • #101,148
  • Nov 25, 2008 4:34pm Nov 25, 2008 4:34pm
cnbc everyone squawking and shouting and bawling and screaming and i can't hear what they are saying...

A degree of restraint and manners would help me listen and therefore I would be available to listen to the cialis adverts every 2.5 minutes - anyway I sure wouldnt like a do-dah tickling the underside of my keyboard for 36 hours so I will stick to the gin and chocolate biscuits thank you...

so my rio tinto shares (5 star strong buy according to s&p), shot down 35% today and cable went into the stratosphere

I dont understand anything anymore so i am off to buy a winter bird feeder at walmart with my remaining pennies and they can all go get stuffed in my considered opinion

the world has gone mad - or I have
  • #101,149
  • Nov 25, 2008 4:40pm Nov 25, 2008 4:40pm
Quoting allserene
cnbc everyone squawking and shouting and bawling and screaming and i can't hear what they are saying...

A degree of restraint and manners would help me listen and therefore I would be available to listen to the cialis adverts every 2.5 minutes - anyway I sure wouldnt like a do-dah tickling the underside of my keyboard...
i did feel it was going up but the supposed support which it flew from i didnt even see as being strong ....so i have say...apart from yesterdays dailly chart there was a idea we are heading up part from that..considering this downtrend and now the stregth of the upmove....i have to say the world has gone mad! ....and who could have seen this move up?
  • #101,150
  • Nov 25, 2008 4:42pm Nov 25, 2008 4:42pm
I'm outta here guys!

Best of luck to everyone in a trade or looking to get in. I'll be back online later tonight to see how the Asian session is going and to grab a few pips myself then.
Just digging in the trenches like everyone else!
  • #101,151
  • Nov 25, 2008 4:45pm Nov 25, 2008 4:45pm
Quoting eohater
I'm outta here guys!

Best of luck to everyone in a trade or looking to get in. I'll be back online later tonight to see how the Asian session is going and to grab a few pips myself then.

enjoy bro
  • #101,152
  • Nov 25, 2008 5:06pm Nov 25, 2008 5:06pm
Sharp drop.....enter another long @ 1.5425
  • #101,153
  • Nov 25, 2008 5:08pm Nov 25, 2008 5:08pm
Quoting gagakrimba
Sharp drop.....enter another long @ 1.5425
me 5432.. bro gud luck to me..
Patience is the keyword here...
  • #101,154
  • Nov 25, 2008 5:18pm Nov 25, 2008 5:18pm
I think buys will come back into play in the low 53xx..
Attached Image
Patience + Discipline - Greed = Success
  • #101,155
  • Nov 25, 2008 5:24pm Nov 25, 2008 5:24pm
Quoting Infinity
I think buys will come back into play in the low 53xx..
yes, i am waiting 1.5340 to inter my pinding order...lets see if it comes there in te next two hours
what you get in the wind goes through the storms
  • #101,156
  • Nov 25, 2008 5:27pm Nov 25, 2008 5:27pm
I don't know if anyone elses chart looks similar, but on mine, it is approaching the top of the longterm downtrend channel.
I find it hard to see it reaching higher than 1.5600- unless of course this truly is the end of dollar strength.
Attached Image
  • #101,157
  • Nov 25, 2008 5:28pm Nov 25, 2008 5:28pm
Quoting affandiz
me 5432.. bro gud luck to me..
Don't look good bro
  • #101,158
  • Nov 25, 2008 5:31pm Nov 25, 2008 5:31pm
Quoting i.shawish
yes, i am waiting 1.5340 to inter my pinding order...lets see if it comes there in te next two hours
I hope it wont drop that far or else it will catch my stop
  • #101,159
  • Nov 25, 2008 5:31pm Nov 25, 2008 5:31pm
Quoting Infinity
I think buys will come back into play in the low 53xx..

There you go!!!!........tell them man, tell them!!!!

  • #101,160
  • Nov 25, 2008 5:33pm Nov 25, 2008 5:33pm
Quoting alcando
I thought no-one will ever buy the old queens head again but mybe they are just selling there dollars (which is why the retrace wont retrace...)
I thought the old queens head was a pub in islington....
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