al bundy hahaha
Cable Update (GBPUSD)
- #105,541
- Dec 9, 2008 2:08pm Dec 9, 2008 2:08pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #105,542
- Dec 9, 2008 3:31pm Dec 9, 2008 3:31pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
sup bro ...u on the boat?
hey man
i dunno did i miss any boat??....
sideways all the week long, it sucks
When life gives you lemons, make lemonade
- #105,543
- Dec 9, 2008 3:37pm Dec 9, 2008 3:37pm
- | Commercial User | Joined May 2008 | 1,334 Posts
hey man
i dunno did i miss any boat??....
sideways all the week long, it sucks
Its just tuesday. Patience Patience
- #105,545
- Dec 9, 2008 4:11pm Dec 9, 2008 4:11pm
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
short....im hoping this will break the low..
Im thinking long from here, might open a position
- #105,546
- Dec 9, 2008 4:19pm Dec 9, 2008 4:19pm
The problems with GBPUSD today is practually a case of inconsistency in the economy of UK. I checked USD movement across all pairs and found it to be moving smoothly.
In actual fact, check on lower TF between 11:25 - 13:10GMT when the price was consolidation on GBPUSD other USD pairs like EURUSD and USDCHF shows that USD was weakening but GBP was not getting strong herself so it made the currency pair moving sideways.
I actually closed my trading platform at 13:00GMT and I checked just now to see some really serious moves of above 150 pips afterward.
It's better to watch a trading going smoothly and think you were in it than to be in a trade and thought you were out. It saves capital for another day.
In actual fact, check on lower TF between 11:25 - 13:10GMT when the price was consolidation on GBPUSD other USD pairs like EURUSD and USDCHF shows that USD was weakening but GBP was not getting strong herself so it made the currency pair moving sideways.
I actually closed my trading platform at 13:00GMT and I checked just now to see some really serious moves of above 150 pips afterward.
It's better to watch a trading going smoothly and think you were in it than to be in a trade and thought you were out. It saves capital for another day.
Trading Just Got Easier...
- #105,547
- Dec 9, 2008 4:25pm Dec 9, 2008 4:25pm
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
I was short as well, grabbed some more pips, Im glad to hear you've over come your emotional issues and are back at it too
Im thinking long from here, might open a position
that or collapse of dollar . But the main tell-tale sign for me is price action and it shows that gu has been quite reluctant to go down all day today ( who would sell large amounts at these low levels...). So I hope it can make some kind of rounded bottom during asian session and will try to catch breakout to the upside during london. If however it decides to slide below 4h trendline would be looking to short ( with tight stop) during london session.
- #105,549
- Dec 9, 2008 4:44pm Dec 9, 2008 4:44pm
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
im thinking long from here as well as new daily candle opened above 4h trendline, there is bullish triangle and once we break out of it it should fly - my target 1.5 for tomorrow. Also wednesdays usualy have big moves ( whichever direction it chooses) . And also, however less importnt, christmas rally should be starting soon
I took a long at 4765 just now, yen and eur are gaining
- #105,552
- Dec 9, 2008 6:41pm Dec 9, 2008 6:41pm
- Joined Jan 2008 | Status: Trader | 2,996 Posts
I have decrease my risk in my daily gbpusd short....by about 150 pips....
- #105,555
- Dec 9, 2008 7:21pm Dec 9, 2008 7:21pm
- Joined Jan 2008 | Status: Trader | 2,996 Posts
I have a buy stop at 1.4785
I this get triggered you will see me start trading against my short and make some pips up...
I this get triggered you will see me start trading against my short and make some pips up...
- #105,556
- Dec 9, 2008 7:38pm Dec 9, 2008 7:38pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #105,557
- Edited 8:02pm Dec 9, 2008 7:47pm | Edited 8:02pm
- | Commercial User | Joined Mar 2008 | 9,071 Posts
- #105,559
- Dec 9, 2008 7:55pm Dec 9, 2008 7:55pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
I only trade XAU/USD. Based on USD news & Fib SR & BB20