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Cable Update (GBPUSD)

  • #132,881
  • May 19, 2009 3:29am May 19, 2009 3:29am
Quoting 4xHero
Im planning to go long at 5190/5200 closing at 5310, shorting from there for another 20-30 pips(lets hope it works out)
looks like i had a good plan on friday, too bad it happened on monday...lol
  • #132,882
  • May 19, 2009 3:32am May 19, 2009 3:32am
doesn't it suppose to go down now , so bad news for GBP
CrizZzZzZzZz
  • #132,883
  • May 19, 2009 3:34am May 19, 2009 3:34am
Quoting Marj
Lets wait and see, all this talk of a drop, been the same on this thread for ages and the trend has been nothing but up.

What happened to trend being the friend, been the case for the last week or so. Lets face it we do not move the markets we have to follow what the big boys do and they have their reasons for moving the price as they do. Remember they control it not us, sure it will turn down again but when who knows.
good one..
Patience is the keyword here...
  • #132,884
  • May 19, 2009 3:34am May 19, 2009 3:34am
Quoting IcoHristovBG
doesn't it suppose to go down now , so bad news for GBP
NO! Its not "supposed" to do anything.
  • #132,885
  • May 19, 2009 3:34am May 19, 2009 3:34am
Data pretty much in line with expectation: I will hold off from shorting, as yet.
  • #132,886
  • May 19, 2009 3:35am May 19, 2009 3:35am
Quoting 4xHero
looks like i had a good plan on friday, too bad it happened on monday...lol
i know what u mean ...i expected this last week instead we went down and swissy went up...i then realised after exited my position because everything was in a drawdown ( i got it wrong) only to find actually i was right but not strong enough to stay with my decisions

in plain...i NEVER accepted the losses the trades could give....in trading(maybe everything) we only learn from the mistakes...and the wins makes us weak unless conditioned
  • #132,887
  • May 19, 2009 3:36am May 19, 2009 3:36am
Quoting IcoHristovBG
doesn't it suppose to go down now , so bad news for GBP
Have u ever played chess with a chess master?...they will beat u 100% of the time...well we are no the chess masters in forex, the banks are. They are just pumping up the price probably to knock out some stops and send it down...but at the end of the day if they want to pump it up, who cares what the news is.
  • #132,888
  • May 19, 2009 3:37am May 19, 2009 3:37am
Quoting nAVIN2007
i know what u mean ...i expected this last week instead we went down and swissy went up...i then realised after exited my position because everything was in a drawdown ( i got it wrong) only to find actually i was right but not strong enough to stay with my decisions

in plain...i NEVER accepted the losses the trades could give....in trading(maybe everything) we only learn from the mistakes...and the wins makes us weak unless conditioned
Ya today my brother asked me what i thought was gonna happen, i told him 5470 was a target but i didnt think it was gonna happen today or even that fast...that was like at 8 PST
  • #132,889
  • May 19, 2009 3:41am May 19, 2009 3:41am
short 5495, TP 5460
  • #132,890
  • May 19, 2009 3:41am May 19, 2009 3:41am
Quoting Marj
Well if I was brave I would buy, but waiting now for a turn south. Lets see what the news does at 9:30 ah hate waiting but rushing in always costs me.

Funny how it always moves when I go for a coffee..........
Ah well should have been brave....... maybe a cup of tea will send it the other way lol
  • #132,891
  • May 19, 2009 3:42am May 19, 2009 3:42am
this pair is going up and up

don't listen to other people and risk your money. do what you believe in

those guys who keep saying here that it will go down since it was 1.51 opened wrong short positions and are losing money and they are just saying what they HOPE cause they are losing money now.
When I buy it, it moves down. When I sell it, it moves up.
  • #132,892
  • May 19, 2009 3:42am May 19, 2009 3:42am
so will it continue up or consolidate
CrizZzZzZzZz
  • #132,893
  • May 19, 2009 3:43am May 19, 2009 3:43am
Quoting free4440273
Data pretty much in line with expectation: I will hold off from shorting, as yet.
my advise to u is wait for a signal on dailly to show 1.54 will hold or wait for a retest of 1.54...cause this will hold for going up if dailly can close above it...

u have the strength of the weekly and monthly...rounded bottom on monthly..1.55214...1.57043 if that passes 1.67 is on the cards
  • #132,894
  • May 19, 2009 3:45am May 19, 2009 3:45am
short G/U 1.5485 sl, 1.56,take profit 1.53
  • #132,895
  • May 19, 2009 3:46am May 19, 2009 3:46am
It has to come down to go up, its true the trend is up but eventually it's coming down so YOUR so called continuation can continue
99% of Traders fail, so don't follow the herd
  • #132,896
  • May 19, 2009 3:46am May 19, 2009 3:46am
news on Red...and RSI overbuy...
down will be...
talking about chessmaster...yep hard to beat it...
but if you set Fritz to fight it...it will be a good show...
Fritz wont easily got beaten
- Always pray on your trading - God know the best for everyone
  • #132,897
  • May 19, 2009 3:48am May 19, 2009 3:48am
Quoting vangcuibap
short G/U 1.5485 sl, 1.56,take profit 1.53
You have balls. Thank You for posting.
  • #132,898
  • May 19, 2009 3:48am May 19, 2009 3:48am
Quoting free4440273
short 5495, TP 5460
exit 5480
  • #132,899
  • May 19, 2009 3:49am May 19, 2009 3:49am
Quoting sweetaction
It has to come down to go up, its true the trend is up but eventually it's coming down so YOUR so called continuation can continue
thats what everyone said in august last year where it sank for months...nothing has to happen, everything happens
  • #132,900
  • May 19, 2009 3:50am May 19, 2009 3:50am
Quoting vangcuibap
short G/U 1.5485 sl, 1.56,take profit 1.53

Good luck, too early to call for me, making this tea last, better get biscuits. This is the hardest time keeping out of the market.

We have really only had three down moves since mid March, see daily chart......
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