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Cable Update (GBPUSD)
- #116,741
- Jan 31, 2009 2:02pm Jan 31, 2009 2:02pm
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
- #116,745
- Feb 1, 2009 3:54am Feb 1, 2009 3:54am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
TODAY IS MY BIRTHDAY I am finnally 19
HAPPY BIRTHDAY SHERMO
man what i would do to see that age again
- #116,746
- Feb 1, 2009 4:05am Feb 1, 2009 4:05am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
Happy Birthday Sherm at this rate your be retired by 21 
TODAY IS MY BIRTHDAY I am finnally 19
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #116,747
- Feb 1, 2009 5:25am Feb 1, 2009 5:25am
- Joined Jan 2008 | Status: Pipaholics make better lovers ;) | 1,002 Posts
Im still short from Fri thru weekend from 1.4510
Hope the 4 hr chart overbought and leaning bearish signal leads to nice downward gap on Sunday open....
Hope the 4 hr chart overbought and leaning bearish signal leads to nice downward gap on Sunday open....
- #116,749
- Feb 1, 2009 6:31am Feb 1, 2009 6:31am
- | Joined Jan 2009 | Status: Cesco | 1,140 Posts
pound is going up before the Boe meeting of the coming thursday
I think we'll see more ups and downs in the three coming sessions, with remarkable data like Halifax HPI and the Manufacturing PMI out on monday and the Services PMI out on Wednesday.
I am short, was caught in early Friday night at 1,43 (sigh) and now have to wait.
Another mistake I should learn from.
It was a perfect week with 6 nice trades in a row, I should have understand it was enough when I closed my EURGBP short too early....
Looking at the chart, I see a possible top around 1,45 - 1,46.
That might be an important level to watch, if it breaks it, there space for a stronger recovery of the last months fall.
It the break fails, I see a new possible move towards the recent lows at 1,35.
Monday will be important to understand.
Logically, if it goes straight up to the resistance, I think there might be more chances of a new fall; if tomorrow indeed it's a consolidation day, then I think it might be wiser to close the shorts and watch it go up (or try a long if one is brave enough)
I think we'll see more ups and downs in the three coming sessions, with remarkable data like Halifax HPI and the Manufacturing PMI out on monday and the Services PMI out on Wednesday.
I am short, was caught in early Friday night at 1,43 (sigh) and now have to wait.
Another mistake I should learn from.
It was a perfect week with 6 nice trades in a row, I should have understand it was enough when I closed my EURGBP short too early....
Looking at the chart, I see a possible top around 1,45 - 1,46.
That might be an important level to watch, if it breaks it, there space for a stronger recovery of the last months fall.
It the break fails, I see a new possible move towards the recent lows at 1,35.
Monday will be important to understand.
Logically, if it goes straight up to the resistance, I think there might be more chances of a new fall; if tomorrow indeed it's a consolidation day, then I think it might be wiser to close the shorts and watch it go up (or try a long if one is brave enough)
- #116,751
- Feb 1, 2009 7:18am Feb 1, 2009 7:18am
Today is my sons birthday too. He is second year student of aviation institute. He passed his final information science exam yesterday and earned his grant.
But does he trade Forex yet. To be trading Forex for two years and come out on top will make second year student of aviation institution final information science exam seem like a breeze.
Only jesting my friend well done to your son and good luck to you.
- #116,752
- Feb 1, 2009 7:21am Feb 1, 2009 7:21am
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
TODAY IS MY BIRTHDAY I am finnally 19
Wish I was 19 again
- #116,753
- Feb 1, 2009 7:27am Feb 1, 2009 7:27am
- | Commercial User | Joined Mar 2007 | 2,287 Posts
But does he trade Forex yet. To be trading Forex for two years and come out on top will make second year student of aviation institution final information science exam seem like a breeze.
Only jesting my friend well done to your son and good luck to you.
- #116,755
- Feb 1, 2009 7:36am Feb 1, 2009 7:36am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I remember getting the BANG at 19 but it wasnt for studying
- #116,756
- Feb 1, 2009 7:38am Feb 1, 2009 7:38am
- | Commercial User | Joined Mar 2007 | 2,287 Posts
I remember getting the BANG at 19 but it wasnt for studying
Besides generation Y/born after 1982/ must win generation X /born before 1982/
- #116,759
- Feb 1, 2009 12:42pm Feb 1, 2009 12:42pm
xe.com gives a price for cable @ 1.4597 which I know for some of the guys who went short on friday night is almost 100 pips adrift. I took my short @ 1.4515 and need to make up some ground also. I do believe that cable will go down even if it hasnt gapped down by the time the brokers open, but I am also prepared for gap up and maybe even rise a little more before it turns round. For this reason I only put a small lot size on weekend trade (to expect the unexpected as EO says)
My thoughts are that I will not have lost any money untill I close a negative trade, so for those guys in the same boat as me you may have to stand your ground on this one but dont let it run away if you cant hack the drawdown. Good luck to you all.
My thoughts are that I will not have lost any money untill I close a negative trade, so for those guys in the same boat as me you may have to stand your ground on this one but dont let it run away if you cant hack the drawdown. Good luck to you all.