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Cable Update (GBPUSD)

  • #131,581
  • May 8, 2009 7:33am May 8, 2009 7:33am
Quoting deboooo2005
above 1.5135
thanks
  • #131,582
  • May 8, 2009 7:34am May 8, 2009 7:34am
MUTED
BORING
YAWN

daily says down, but fundies ISQ so big boys will do what they like.

may as well just look out the window and guess the weather
TRADE FOR SWAP
  • #131,583
  • May 8, 2009 7:40am May 8, 2009 7:40am
Quoting cgldsmth
MUTED
BORING
YAWN

daily says down, but fundies ISQ so big boys will do what they like.

may as well just look out the window and guess the weather
Agreed - thats the only risk right now - otherwise good position to short.
  • #131,584
  • May 8, 2009 7:46am May 8, 2009 7:46am
coooooooooool
  • #131,585
  • May 8, 2009 7:53am May 8, 2009 7:53am
my broker crashed, I cant see my position
  • #131,586
  • May 8, 2009 7:55am May 8, 2009 7:55am
Shorted at 1.5095. First target 1.4940.

Good luck all.
  • #131,587
  • May 8, 2009 7:56am May 8, 2009 7:56am
Bearish W 1htf

PRZ = 1.5169/1.5144

Wish u luck!
  • #131,588
  • May 8, 2009 8:30am May 8, 2009 8:30am
1.5055 serving as support, needs to be broken to continue downwards
  • #131,589
  • May 8, 2009 9:12am May 8, 2009 9:12am
PP - 1.5051 showed some support. 1.5118 is a lower high in the top range though.
{Promotion Removed}
  • #131,590
  • May 8, 2009 9:13am May 8, 2009 9:13am
Quoting Mapuche
my broker crashed, I cant see my position
Same here.
{Promotion Removed}
  • #131,591
  • May 8, 2009 9:13am May 8, 2009 9:13am
The market is really baffling.

NFP was apparently better than expected but hey, what about the upward revisions to Feb and Mar figures (which would btw have made the figures for those two months worse than expected at the time). If these were not revised upwards, April would not be better! But no, let's ignore that fact. USD weakens, equities rally.

Inventories lowest since Nov 07 and sales down by 2.4% largest decline since Nov 2001. These are hard economic facts but, let's ignore the reality and keep riding the bull. No impact whatsoever.

The bubble is going to burst.
  • #131,592
  • May 8, 2009 9:22am May 8, 2009 9:22am
Quoting dimlat
1.5055 serving as support, needs to be broken to continue downwards

Switch on your pm mate, Are you working off the 5 minute chart?
Gone to a better place
  • #131,593
  • May 8, 2009 9:34am May 8, 2009 9:34am
Quoting 4cfx
The market is really baffling.

NFP was apparently better than expected but hey, what about the upward revisions to Feb and Mar figures (which would btw have made the figures for those two months worse than expected at the time). If these were not revised upwards, April would not be better! But no, let's ignore that fact. USD weakens, equities rally.

Inventories lowest since Nov 07 and sales down by 2.4% largest decline since Nov 2001. These are hard economic facts but, let's ignore the reality and keep riding the bull. No impact whatsoever....
The rallies are a manufactured event. We may have reached the bottom but growth is expected to be very slow - not remotely at the levels of the DJ rally. Too much optimism too soon. Ofcourse there could be a bottom this year or towards the end of this year but there will never be the amount of leveraging available that led to the last boom.
  • #131,594
  • May 8, 2009 10:46am May 8, 2009 10:46am
Quoting smikester
Switch on your pm mate, Are you working off the 5 minute chart?
sorry, excuse ignorance, what is PM??
  • #131,595
  • May 8, 2009 10:48am May 8, 2009 10:48am
Quoting dimlat
sorry, excuse ignorance, what is PM??
PM = Private message
Probability Professor
  • #131,596
  • May 8, 2009 10:56am May 8, 2009 10:56am
Quoting Galation
PM = Private message
thanks, switched on now!
  • #131,597
  • May 8, 2009 10:57am May 8, 2009 10:57am
Quoting smikester
Switch on your pm mate, Are you working off the 5 minute chart?
switched on now, working mainly off M15
  • #131,598
  • May 8, 2009 11:40am May 8, 2009 11:40am
will down for short time because of RSI
- Always pray on your trading - God know the best for everyone
  • #131,599
  • May 8, 2009 12:16pm May 8, 2009 12:16pm
Tough morning for me. I got stopped out twice. Finally, the third time I started making some good $$. Today was a test on my emotions. My set-up kept telling me one thing and the market kept going the other direction. I stuck to my guns and kept my emotions under control. It finally paid off....
{Promotion Removed}
  • #131,600
  • May 8, 2009 12:18pm May 8, 2009 12:18pm
Gentlemen I am perplexed again on why this thing is rising when all indication should be for it to move down. Inzider - anything on your harmonics?! The daily and 60 minute charts were pointing oppsite.
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