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Cable Update (GBPUSD)

  • #120,261
  • Feb 13, 2009 5:36am Feb 13, 2009 5:36am
Quoting JammerJams
I agree...too vague..

If I were to be a betting man..its going to drop like a rock once its made its mind up to drop...but for now..all traders are readng indicators..and waiting for candle confirmation.
Well thas was a wonderfull ride for 65 pips
  • #120,262
  • Feb 13, 2009 5:37am Feb 13, 2009 5:37am
Now on a side line will see
  • #120,263
  • Feb 13, 2009 5:39am Feb 13, 2009 5:39am
sofia : you're done?
Thank You
  • #120,264
  • Feb 13, 2009 5:40am Feb 13, 2009 5:40am
jammerjams : you don't trade any for yourself mate?
Thank You
  • #120,265
  • Feb 13, 2009 5:42am Feb 13, 2009 5:42am
Quoting wormboy
sofia : you're done?
For now I am waiting
  • #120,266
  • Feb 13, 2009 5:44am Feb 13, 2009 5:44am
..
Attached Image
  • #120,267
  • Feb 13, 2009 5:44am Feb 13, 2009 5:44am
I see a nice entry point forming..just below..4500 level..giving it room just incase of a spike..

short 1.4490 SL 20 at 1.4510 Target 1.4425

Once level 4450 hit..I will move SL to +BE 10 pips 1.4480

good luck
Attached Image
  • #120,268
  • Feb 13, 2009 5:45am Feb 13, 2009 5:45am
sofia : hats off to you, good call. Wondering bout that crystal ball ... you don't happen to have one of those broomsticks that fly do you?
Thank You
  • #120,269
  • Feb 13, 2009 5:45am Feb 13, 2009 5:45am
what I see now the stoch have crossing. Cable have reach to fibo 50% and divergence make. We will see cable close 1.4500 and touch to 1.4443

please do correct me?
  • #120,270
  • Feb 13, 2009 5:47am Feb 13, 2009 5:47am
Quoting wormboy
jammerjams : you don't trade any for yourself mate?
Yes..small compared to my customers..but yes..
  • #120,271
  • Feb 13, 2009 5:49am Feb 13, 2009 5:49am
jammerjams : good luck mate!

p/s : I must apologise for being trigger happy posting atm, guess that's what happens when you're in between trades. Welp, beats picking noses while staring at the charts for nothing!
Thank You
  • #120,272
  • Feb 13, 2009 5:51am Feb 13, 2009 5:51am
Quoting wormboy
sofia : hats off to you, good call. Wondering bout that crystal ball ... you don't happen to have one of those broomsticks that fly do you?
No I don't are you calling a witch
  • #120,273
  • Feb 13, 2009 5:53am Feb 13, 2009 5:53am
[quote=JammerJams;2537309]I know you are not asking me Barny..but there is a nice rule of thumb...

Reply really appreciated JJ. Nice to chat! Great rules, just need a cooooool head like Sofia!
- watching eagerly as in short from ...562
May take some short term profits at 436/445 as strong fib confluence there and one of my MAs and top channel line where it broke out. (all very short term though). Helps me improve my Risk/reward ratio for the longer run.
  • #120,274
  • Feb 13, 2009 5:55am Feb 13, 2009 5:55am
hehe...look at that move..
expected...
  • #120,275
  • Feb 13, 2009 5:55am Feb 13, 2009 5:55am
sofia : LOL, not in a bad way I wasn't. Some of your calls are outright impressive, got me wondering ..
Thank You
  • #120,276
  • Feb 13, 2009 5:58am Feb 13, 2009 5:58am
Quoting wormboy
sofia : hats off to you, good call. Wondering bout that crystal ball ... you don't happen to have one of those broomsticks that fly do you?
if u ask me the reason why sofia showing she has success in this game and thing that i associate this success with is the ability to trade a naked chart..that suggest she has a firm understanding of price action..if u have this tool u gonna see things b4 the crowd and thats the edge ....(thats the crystal ball)

something to think about????
  • #120,277
  • Feb 13, 2009 5:58am Feb 13, 2009 5:58am
Quoting wormboy
sofia : LOL, not in a bad way I wasn't. Some of your calls are outright impressive, got me wondering ..
Well thank kindly
  • #120,278
  • Feb 13, 2009 5:59am Feb 13, 2009 5:59am
Currency trader arrested in laundering probe

1 hour 15 mins ago
http://l.yimg.com/i/i/uk/ne/reute.jpg

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Police in London's financial district said they have arrested the head of a currency trading fund on suspicion of money laundering. Skip related content
Detectives from the City of London Police's economic crime unit arrested the 60-year-old director of GFX Capital Markets in Essex on Monday.
The trader, who police did not name, was questioned under financial regulation laws as part of an ongoing inquiry into trading at GFX.
The fund is thought to have held investments worth about 40 million pounds, a police source said.
Detective Constable Simon Cordell, of the City of London Police, asked GFX clients to contact him with details of their investments and any losses.
He posted a questionnaire on the force's website, www.cityoflondon.police.uk, asking people to give him information about GFX bank accounts where they sent money.
A spokeswoman for the Financial Services Authority, which regulates the industry, said it was aware of the case and was working with police.
Media reports said GFX Capital is believed to have ceased trading recently. No one at their London offices could be reached for comment.
(Reporting by Peter Griffiths)

  • #120,279
  • Feb 13, 2009 6:02am Feb 13, 2009 6:02am
Quoting FXaddict
Currency trader arrested in laundering probe

1 hour 15 mins ago
http://l.yimg.com/i/i/uk/ne/reute.jpg

  1. Print Story

Police in London's financial district said they have arrested the head of a currency trading fund on suspicion of money laundering. [url="http://uk.news.yahoo.com/22/20090213/tuk-uk-britain-fraud-fa6b408.html#ynw-article-part2"][color=#0000ff]Skip...


This why you should let your brokerage qualify your customers...wash your hands of this concern...
  • #120,280
  • Feb 13, 2009 6:02am Feb 13, 2009 6:02am
Quoting JammerJams
hehe...look at that move..
expected...
Are you trying to mislead people - you just said you were in short at 1.4490 - now you're saying the jump up was expected! I am new to trading but even I could see a better trade was to play the bounce there because of the resistance in the 4H....
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