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Cable Update (GBPUSD)

  • #132,401
  • May 14, 2009 10:08pm May 14, 2009 10:08pm
hey jack, i think gbp if fooling us and will rise to a new high today, what u think...i know everyone is shorting to my knowledge
  • #132,402
  • May 14, 2009 10:28pm May 14, 2009 10:28pm
Quoting 4xHero
hey jack, i think gbp if fooling us and will rise to a new high today, what u think...i know everyone is shorting to my knowledge
Ya it very well could. If it does, I'll be looking to sell.
  • #132,403
  • May 14, 2009 10:35pm May 14, 2009 10:35pm
Quoting jack.canadia
Ya it very well could. If it does, I'll be looking to sell.
what name do u go by on fxstreet chat?
there is only one chatroom there right?
  • #132,404
  • May 14, 2009 10:46pm May 14, 2009 10:46pm
Quoting 4xHero
what name do u go by on fxstreet chat?
there is only one chatroom there right?
Same one as in here. I am not there now.
  • #132,405
  • May 14, 2009 10:47pm May 14, 2009 10:47pm
News coming out of germany in 14 minutes. Thats why market is quiet.
  • #132,406
  • May 14, 2009 11:01pm May 14, 2009 11:01pm
Forecast -3% .. actual -3.8% ,, not good for the euro .. I hope this weighs on the pound
  • #132,407
  • May 14, 2009 11:02pm May 14, 2009 11:02pm
Some of the charts pasted here, i cant even see the candle sticks...they are in a fog of lines and indicators...here is how my chart looks like.
Attached Image (click to enlarge)
Click to Enlarge Name: my chart.jpg Size: 214 KB
  • #132,408
  • May 14, 2009 11:03pm May 14, 2009 11:03pm
Remember this?

http://www.forexfactory.com/showpost...stcount=131487

I'm still holding these shorts from then...
Gone to a better place
  • #132,409
  • May 14, 2009 11:03pm May 14, 2009 11:03pm
Quoting 4xHero
Some of the charts pasted here, i cant even see the candle sticks...they are in a fog of lines and indicators...here is how my chart looks like.Attachment
Click the charts to make them larger
  • #132,410
  • May 14, 2009 11:05pm May 14, 2009 11:05pm
Quoting smikester
Remember this?

http://www.forexfactory.com/showpost...stcount=131487

I'm still holding these shorts from then...
From what price? Was that 5150?
  • #132,411
  • May 14, 2009 11:07pm May 14, 2009 11:07pm
1.5, but I added at 1.53. Patient or what?
Gone to a better place
  • #132,412
  • May 14, 2009 11:08pm May 14, 2009 11:08pm
Quoting smikester
Remember this?

http://www.forexfactory.com/showpost...stcount=131487

I'm still holding these shorts from then...
And are you trying to make a point about it??
  • #132,413
  • May 14, 2009 11:09pm May 14, 2009 11:09pm
Quoting smikester
1.5, but I added at 1.53. Patient or what?
Ah gotcha. Well holding through all this would have made me shit my pants lol but good for you getting another off at 53. You must be at or near break even?
  • #132,414
  • May 14, 2009 11:12pm May 14, 2009 11:12pm
Quoting smikester
1.5, but I added at 1.53. Patient or what?
Hey mike,
Since jack and others post every day what they are doing...that means they are day traders and not long term. Use a stop loss, fight another day...there will always be trades.
  • #132,415
  • May 14, 2009 11:13pm May 14, 2009 11:13pm
The worse than expected GDP from germany should lead to drops in the equities in London and the DOW this morning...

Risk aversion time. DOW correction, bearish G/U. Would be nice.

Bed time, short still from 5240.
  • #132,416
  • May 14, 2009 11:14pm May 14, 2009 11:14pm
Basically I was congratulating you on predicting the possibility of further rises and the possibility of a head and shoulders (whether it plays out or not we shall see).
Gone to a better place
  • #132,417
  • May 14, 2009 11:16pm May 14, 2009 11:16pm
Quoting smikester
Basically I was congratulating you on predicting the possibility of further rises and the possibility of a head and shoulders (whether it plays out or not we shall see).
Oh well thanks! The pound likes head and shoulders, if you look at the hourly chart. And there was still stronger resistance levels above 5150.
  • #132,418
  • May 14, 2009 11:16pm May 14, 2009 11:16pm
Quoting jack.canadia
The worse than expected GDP from germany should lead to drops in the equities in London and the DOW this morning...

Risk aversion time. DOW correction, bearish G/U. Would be nice.

Bed time, short still from 5240.
Its funny we want this h&s to work but if u remember last week there was one too, and that was very short lived...wait that was 2 weeks ago, man time flys.
  • #132,419
  • May 14, 2009 11:19pm May 14, 2009 11:19pm
Quoting 4xHero
Its funny we want this h&s to work but if u remember last week there was one too, and that was very short lived.
I dont care what it does. I want money!

And last week it had two heads, looked suspicious from the start. Speculating that it will occur is perfectly fine. Place a large bet on it is where you get in trouble.
  • #132,420
  • May 14, 2009 11:23pm May 14, 2009 11:23pm
ya i know what u mean jack...predicting always gets people in trouble, then they are scared to enter a trade even though there indicators are telling them to enter.
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