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Cable Update (GBPUSD)

  • #109,801
  • Jan 7, 2009 9:16am Jan 7, 2009 9:16am
Quoting gammase1
I was jealous of you having a semengly incompetent broker, one that gives off-market prices in your favour, that's all.

Am short myself from 1.5240. Nice analysis earlier btw!
thanks
  • #109,802
  • Jan 7, 2009 9:24am Jan 7, 2009 9:24am
well i come back and see all this going on, so much for a lunch. well im gonna start tacking on shorts throughout the 5200-5300 range and see what happens tonight and tomorrow.

good luck everyone
  • #109,803
  • Jan 7, 2009 9:25am Jan 7, 2009 9:25am
Quoting gammase1
I was jealous of you having a semengly incompetent broker, one that gives off-market prices in your favour, that's all.

Am short myself from 1.5240. Nice analysis earlier btw!
That is about the same price that i enter.
Good luck to us then
  • #109,804
  • Jan 7, 2009 9:58am Jan 7, 2009 9:58am
heck it's exciting !

having money in the bank in GBP and also USD, I can engage in self-deception and tell myself i have made money whichever way it goes

I am confused at the moment so it's coffee and toast time

I knew there was something wrong about GBP weakness when I looked at what was ACTUALLY going on with UK house prices - they are NOT going down really

I can check them street by street and compare to when I left in November 2007 - and if anything , they are up

So most folks think we are going back down and the long term trend of down is intact ?

eh ?

do you ?


Just what is the long term trend right now ? anyone know ?
  • #109,805
  • Jan 7, 2009 10:03am Jan 7, 2009 10:03am
PS if the long term trend is still down and this is the top of the daily channel, then this must be the biggest short opportunity since short opportunities were invented
  • #109,806
  • Jan 7, 2009 10:06am Jan 7, 2009 10:06am
Quoting allserene
PS if the long term trend is still down and this is the top of the daily channel, then this must be the biggest short opportunity since short opportunities were invented
I agree. Longing GU is like playing with fire. You could get few pips for now. but 2morrow the rate cut hit SLs of all longers.
  • #109,807
  • Jan 7, 2009 10:08am Jan 7, 2009 10:08am
Quoting Terminale
I agree. Longing GU is like playing with fire. You could get few pips for now. but 2morrow the rate cut hit SLs of all longers.
i can't see any profit pips even for tonight
  • #109,808
  • Jan 7, 2009 10:08am Jan 7, 2009 10:08am
1h candle just closed below 61.8fib,

seems it's going down for a while..

what do you guys think?
  • #109,809
  • Jan 7, 2009 10:14am Jan 7, 2009 10:14am
hello anybody... i still hold my short at 14500.... is the trend still down?
pls give me advice...
  • #109,810
  • Jan 7, 2009 10:17am Jan 7, 2009 10:17am
Quoting pocetung
hello anybody... i still hold my short at 14500.... is the trend still down?
pls give me advice...
advice = stoploss
Patience + Discipline - Greed = Success
  • #109,811
  • Jan 7, 2009 10:18am Jan 7, 2009 10:18am
Quoting pocetung
hello anybody... i still hold my short at 14500.... is the trend still down?
pls give me advice...
WOW! Your still holding that? Well, that's my third TP on my shorts if we should get there.
Just digging in the trenches like everyone else!
  • #109,812
  • Jan 7, 2009 10:18am Jan 7, 2009 10:18am
Quoting pocetung
hello anybody... i still hold my short at 14500.... is the trend still down?
pls give me advice...
you really have a deep pocket
what make you hold this order will make you hold it more, you can add a short to adding more margin to your account on the way down
  • #109,813
  • Jan 7, 2009 10:18am Jan 7, 2009 10:18am
Quoting Infinity
advice = stoploss
Oh so true brother!
Just digging in the trenches like everyone else!
  • #109,814
  • Jan 7, 2009 10:21am Jan 7, 2009 10:21am
Quoting eohater
Oh so true brother!
heeeey he is new as you wasn't there before, who doesn't!
  • #109,815
  • Jan 7, 2009 10:23am Jan 7, 2009 10:23am
Quoting Abuawad
heeeey he is new as you wasn't there before, who doesn't!
This is true as well!

We've all sold the bottom and bought the top at one point in our career. Hell, I started my short brigade yesterday and got stopped out this morning for a 22K loss. So, what the hell do I know. You can all laugh at me for that one for sure.
Just digging in the trenches like everyone else!
  • #109,816
  • Jan 7, 2009 10:26am Jan 7, 2009 10:26am
Quoting eohater
WOW! Your still holding that? Well, that's my third TP on my shorts if we should get there.
youre still holding from last night buddy?I got out around 20 pips after infinity this morning.His analysis was spot on.Took a few longs but flat right now.Wasted from yesterday.
  • #109,817
  • Jan 7, 2009 10:29am Jan 7, 2009 10:29am
Quoting eohater
This is true as well!

We've all sold the bottom and bought the top at one point in our career. Hell, I started my short brigade yesterday and got stopped out this morning for a 22K loss. So, what the hell do I know. You can all laugh at me for that one for sure.
That's right bro we've all been there... I am sorry to hear of your loss but I know you will get it back plus some before the week is out...
Patience + Discipline - Greed = Success
  • #109,818
  • Jan 7, 2009 10:29am Jan 7, 2009 10:29am
Quoting eohater
This is true as well! We've all sold the bottom and bought the top at one point in our career. Hell, I started my short brigade yesterday and got stopped out this morning for a 22K loss. So, what the hell do I know. You can all laugh at me for that one for sure.
easy i stop in 2008 after i lost more than 35K, i think at that time i lost my mind, i post analysis and some people her follow it and make profit. but for me i just keep modified it and change it till i lost that amount. so i punish myself by stop trading till i return my mind
  • #109,819
  • Jan 7, 2009 10:29am Jan 7, 2009 10:29am
Quoting trader2160
youre still holding from last night buddy?I got out around 20 pips after infinity this morning.His analysis was spot on.Took a few longs but flat right now.Wasted from yesterday.
No, I'm not holding those shorts any longer. When she didn't break 4810 this morning, I set my SL at 5050 and went to bed. Woke up to the slaughtering. Hell of a way to start my day, but it happens, so now I move on. I do have new shorts atm.
Just digging in the trenches like everyone else!
  • #109,820
  • Jan 7, 2009 10:30am Jan 7, 2009 10:30am
Quoting eohater
This is true as well!

We've all sold the bottom and bought the top at one point in our career. Hell, I started my short brigade yesterday and got stopped out this morning for a 22K loss. So, what the hell do I know. You can all laugh at me for that one for sure.
LOl I nearly got shafted too.All hail infinity.
heck I was even asking you if I could go short again at 4925.sometimes its scary what a huge difference timing makes.
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