You gotta laugh!! worse report ever and the dollar rallies!!
Cable Update (GBPUSD)
Cheers, Interesting articlae and seems to be a bit of common thinking on that about. I am suspecting an offload at this level but we can only wait and see... No point in get our shorts in a knot...
Alcando, just want to say THANKS!! you give "sterling" advice and I have certainly benefited from it this week.....
I have kept my pips for the week!!
Cheers mate...and thanks to all on this forum...u guys are brilliant...
Signing off now....have a great weekend.....
- #104,690
- Dec 5, 2008 7:55am Dec 5, 2008 7:55am
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
So, any forecast for a long, or we'll go short again?
I hope i dont regret this
- #104,692
- Dec 5, 2008 8:04am Dec 5, 2008 8:04am
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
Gallantly i entered long @ 1.4535.
I hope i dont regret this
I better stay sideline for the time being.
This is crazy
- #104,695
- Dec 5, 2008 8:13am Dec 5, 2008 8:13am
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
be careful, POTENTIAL bullish Gartley 222
The market is crazy at the moment
- #104,699
- Dec 5, 2008 8:17am Dec 5, 2008 8:17am
Thanks Dude, Just passing on what the boff's and school of hard knocks pass me.
I am currently long from 14560 after taking a risky 150+ off the short. As Steelhead points out, look at the 1H charts and see where we currently are and it is obvious that even though we could go down from here, the number of traders looking to offload their trades at this level is likely to be higher than the number looking to open new shorts at the bottom of the channel.
As a patient trader it is more profitable from here to wait for the bottom and pounce on the reversal to the top of the channel-ish than it is to sit here and wait to short... You may be left alone as the tide washes out. But saying that, we may be here for some time.
I am currently long from 14560 after taking a risky 150+ off the short. As Steelhead points out, look at the 1H charts and see where we currently are and it is obvious that even though we could go down from here, the number of traders looking to offload their trades at this level is likely to be higher than the number looking to open new shorts at the bottom of the channel.
As a patient trader it is more profitable from here to wait for the bottom and pounce on the reversal to the top of the channel-ish than it is to sit here and wait to short... You may be left alone as the tide washes out. But saying that, we may be here for some time.
Alcando, just want to say THANKS!! you give "sterling" advice and I have certainly benefited from it this week.....
I have kept my pips for the week!!
Cheers mate...and thanks to all on this forum...u guys are brilliant...
Signing off now....have a great weekend.....
Ride the Bulls bearback!
