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Cable Update (GBPUSD)

  • #108,421
  • Dec 23, 2008 10:26am Dec 23, 2008 10:26am
Quoting trickytrader
i don't know if its time to go long, but I know its time to go home!!!

Merry Christmas all.
Happy trading for next year.

I agree with TrickyTrader.....

hang up your spurrs and call it a day...GBP may move...but not as a long...not if its going to parity with Euro..so be careful...

adios
  • #108,422
  • Dec 23, 2008 10:33am Dec 23, 2008 10:33am
Quoting ferndog
Keep on shorting. Only way to go.
What's the target ?
  • #108,423
  • Dec 23, 2008 10:34am Dec 23, 2008 10:34am
Merry Christmas all and have a good New Year, will see you then for some more pip collecting.

hohohoho...
please DON'T copy my trades I am still learning
  • #108,424
  • Dec 23, 2008 10:35am Dec 23, 2008 10:35am
Quoting JammerJams
I agree with TrickyTrader.....

hang up your spurrs and call it a day...GBP may move...but not as a long...not if its going to parity with Euro..so be careful...

adios
I don't disagree that both pairs could be headed towards parity. But I would disagree that one cannot make money on a long in this market. My longs on cable are doing just fine at the moment. Nice and green. I will however be looking to get rid of them and go back short, but only when she tells me.

We've had a hard fall since 15th of July, but no matter how hard she's fallen, she still goes up at certain times and price levels. I will continue to do such. If you're only trading her one way, your loosing half the pips you could be making.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #108,425
  • Dec 23, 2008 10:40am Dec 23, 2008 10:40am
Quoting eohater
I don't disagree that both pairs could be headed towards parity....
So...what now EO ?
  • #108,426
  • Dec 23, 2008 10:44am Dec 23, 2008 10:44am
Quoting gagakrimba
So...what now EO ?
As my last post stated, I'm long currently. Looking for around 4800, maybe less, depending upon price action. We'll probably continue north for the next 2 hours and then turn and run back down. That's what I'm lookin at. I could be wrong, but either way, I won't loose any money because I'm locked in at +2 and happy!
Just digging in the trenches like everyone else!
  • #108,427
  • Dec 23, 2008 10:49am Dec 23, 2008 10:49am
Quoting eohater
As my last post stated, I'm long currently. Looking for around 4800, maybe less, depending upon price action. We'll probably continue north for the next 2 hours and then turn and run back down. That's what I'm lookin at. I could be wrong, but either way, I won't loose any money because I'm locked in at +2 and happy!

Gaga...EO is right about movements..it can still go up...but right now..there is too much market sentiment and movement is unpredictable...entering right now is guessing. EO has already locked in his profits...

Thats my 2 cents...

as my clients say...be careful
  • #108,428
  • Dec 23, 2008 10:54am Dec 23, 2008 10:54am
Quoting eohater
As my last post stated, I'm long currently. Looking for around 4800, maybe less, depending upon price action. We'll probably continue north for the next 2 hours and then turn and run back down. That's what I'm lookin at. I could be wrong, but either way, I won't loose any money because I'm locked in at +2 and happy!
Nice trade....

I took a quick scalp long @ 4696, out @ 4717!

Kids need to stretch their legs so I closed it.

Will see if i have a setup later on!!

HOLLA
  • #108,429
  • Dec 23, 2008 10:56am Dec 23, 2008 10:56am
Quoting Turtle
Nice trade....

I took a quick scalp long @ 4696, out @ 4717!

Kids need to stretch their legs so I closed it.

Will see if i have a setup later on!!

HOLLA
What's up brother? I've been busier than a one legged man in an ass kickin contest. This is only my 3rd trade since the opening Sunday. We'll hook up later tonight.

EO
Just digging in the trenches like everyone else!
  • #108,430
  • Dec 23, 2008 10:59am Dec 23, 2008 10:59am
Quoting Bullfx
This is very interesting :
U.K. Mortgage Approvals Declined by 61% in November to Lowest Since 1994
Pound May Reach Parity With Euro Next Week, Bank of New York Mellon Says The pound may weaken to parity with the euro for the first time as early as next week due to BOE will cut interest rate at faster pace next month.
This is the most exciting thing I've ever seen in my life.
  • #108,431
  • Dec 23, 2008 11:19am Dec 23, 2008 11:19am
Quoting eohater
As my last post stated, I'm long currently. Looking for around 4800, maybe less, depending upon price action. We'll probably continue north for the next 2 hours and then turn and run back down. That's what I'm lookin at. I could be wrong, but either way, I won't loose any money because I'm locked in at +2 and happy!
At what price you entered long dude
  • #108,432
  • Dec 23, 2008 11:47am Dec 23, 2008 11:47am
Quoting ezmystic
Merry Christmas all and have a good New Year, will see you then for some more pip collecting.

hohohoho...
merry christmas bud....
  • #108,433
  • Dec 23, 2008 11:58am Dec 23, 2008 11:58am
Navin!

'Wish you the best this Christmas bud.
'Been busy taking care of dad from the Nursing Home
to the hospital, back & forth... a "busy" drill!

Anyway,
'Wish you the best for the new year too bud.
I hope both do the best we can this upcoming
year.
Again, 'wish you the best Nav,

Jeff !
I will work to Objectively Identify my Edges
  • #108,434
  • Dec 23, 2008 12:06pm Dec 23, 2008 12:06pm
Hey all,
I feel lucky to have made a few green pips today. weird market all morning.
Is this the atmosphere we should look forward to for the rest of '08?

Happy holidays to all. I cant wait to start a live account in the new year! But first....
Vacay in Nicaragua!

My best to all, and see you on the battlefield in '09.
  • #108,435
  • Dec 23, 2008 12:12pm Dec 23, 2008 12:12pm
Quoting nAVIN2007
merry christmas bud....
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #108,436
  • Dec 23, 2008 12:14pm Dec 23, 2008 12:14pm
Quoting eohater
What's up brother? I've been busier than a one legged man in an ass kickin contest. This is only my 3rd trade since the opening Sunday. We'll hook up later tonight.

EO
I'll be up...just let me know!!

I made about 4 trades since Sunday, holiday time so I don't worry to much if I trade!

HOLLA
  • #108,437
  • Dec 23, 2008 12:16pm Dec 23, 2008 12:16pm
Quoting TerpFan2
Navin!

'Wish you the best this Christmas bud.
'Been busy taking care of dad from the Nursing Home
to the hospital, back & forth... a "busy" drill!

Anyway,
'Wish you the best for the new year too bud.
I hope both do the best we can this upcoming
year.
Again, 'wish you the best Nav,

Jeff !
u too bro..have a blast every1...

lets hope the new year bring us all great fortune, happinness and fantastic health
  • #108,438
  • Dec 23, 2008 12:23pm Dec 23, 2008 12:23pm
Quoting gagakrimba
At what price you entered long dude
I entered long at 4700, came back from lunch and I had a TP set of 4780 and missed it by 3 pips. DAMN IT! SL was hit for +2. I just reentered long again though at 4705. I only put 2 on this order.
Just digging in the trenches like everyone else!
  • #108,439
  • Dec 23, 2008 12:28pm Dec 23, 2008 12:28pm
Hey guys.... I only had one trade all week and that was a short earlier today at 4850.....closed at 4750... This market is too thin and slow.... not very interesting for me....

I wish everyone a Merry Christmas when it comes and a blessed New Year...
Patience + Discipline - Greed = Success
  • #108,440
  • Dec 23, 2008 12:32pm Dec 23, 2008 12:32pm
Quoting Infinity
Hey guys.... I only had one trade all week and that was a short earlier today at 4850.....closed at 4750... This market is too thin and slow.... not very interesting for me....

I wish everyone a Merry Christmas when it comes and a blessed New Year...
How's it going bro? I undestand about not making very many trades. I'm doing the same. But, I will say, we both had the same short from 4850, I closed mine at 4700 and went back long on her ass. My TP was just a little too high, got closed out at +2, but back long at 4705, just a small one. Slow at the office right now, so I'm just playing around a little.

If we don't talk before hand, Merry Christmas to you as well! I hope you and your family have a great one!
Just digging in the trenches like everyone else!
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