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Cable Update (GBPUSD)

  • #132,921
  • May 19, 2009 4:29am May 19, 2009 4:29am
Quoting yf6288
one thing fully beyond me is that why most news recently is negative for pounds, but it still kept on going up endlessly?
because the BOE have cut rates to there lowest and a bottom has been identified...attempt to recover some strength....historically we have seen the lows, now we just going to go through the ranges in about 3 years possibly we going to head back up and see 1.93...

if u ask me...august till now...solid downtrend was meant to be easy cash...now we heading up, perhaps the longer term shorters are profit taking, hence we flying to the moon

world of forex, plenty of speculation
  • #132,922
  • May 19, 2009 4:32am May 19, 2009 4:32am
this is looking like a bullish flag to me..
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  • #132,923
  • May 19, 2009 4:34am May 19, 2009 4:34am
Quoting nAVIN2007
yo jeff..good to see u around pal..glad yur doing well, keep it up buddy

-As you, trying to learn 'lesson of fully accepting
the loss before the trade.

hardest lesson me feels..we will get there thou
Yeah Baby,

UNDERLINE that in Red for me Baby!!! !

Great to hear back Nav-
Trading now just about only when a bigger edge,
i (perceive!) -appears,
And... when to me the Risk is really worth the loss to play.

I think she'll toy back up & down till N.Y. get's in & maybe crack 1.55
My "Cowboy Call" Maybe @least 1.55 & the 1/4's. -We'll see!
Have a great one, great hearin from ya bud,
Will chat more,

Jeff ! Long for another "Kwacking" @the Windmill here... Let's see!
I will work to Objectively Identify my Edges
  • #132,924
  • May 19, 2009 4:34am May 19, 2009 4:34am
Quoting TerpFan2
Hey bud,

I wouldn't worry so much on "why", it just is...

-Look for some correlations -(if i spelled that right)!
'Dow was up yest. 230 pt's, Asia, continued the trend,
Now London is up -(Look at futures, up). -So G.U. is up.
Probably greater reasons you, i & 'fencepost could'nt
Esplain! !
Best of luck & insight,

Jeff !
Where on MT4 I can look at futures? Which one are indicators for Cable.
  • #132,925
  • May 19, 2009 4:37am May 19, 2009 4:37am
Quoting TerpFan2
Yeah Baby,

UNDERLINE that in Red for me Baby!!! !

Great to hear back Nav-
Trading now just about only when a bigger edge,
i (perceive!) -appears,
And... when to me the Risk is really worth the loss to play.

I think she'll toy back up & down till N.Y. get's in & maybe crack 1.55
My "Cowboy Call" Maybe @least 1.55 & the 1/4's. -We'll see!
Have a great one, great hearin from ya bud,
Will chat more,

Jeff ! Long for another "Kwacking" @the Windmill here... Let's see!
u the man! u have good insight and we still here so we definately doing something right

keep in touch bro!
  • #132,926
  • May 19, 2009 4:39am May 19, 2009 4:39am
Quoting Bull_Bear
long @ 1.5270 & 1.5240... First TP 1.5375.... 2nd TP 1.5520
Funny how trading with the trend and break out is such an easy concept
and yet everyone was shorting in yesterday session.

First TP hit +105pips.... waiting for 2nd TP to hit with +110pips locked in
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #132,927
  • May 19, 2009 4:42am May 19, 2009 4:42am
Quoting Bull_Bear
Funny how trading with the trend and break out is such an easy concept
and yet everyone was shorting in yesterday session.

First TP hit +105pips.... waiting for 2nd TP to hit with +110pips locked in
LOL.....true
  • #132,928
  • May 19, 2009 4:43am May 19, 2009 4:43am
Hey At2Au,

I just meant nothing really technical-there,

However...
Just "Roll Out" to say, "Bloomberg",
scoll down on the main page to the right,
and Futures, are looking green.

-Though Navin's advice is probably as good
an explanation or better, as well. -Just some different
pieces of the puzzle, we all may have.

Personally, i would just trade from your edge.
_ Do you have it (your edge)?
_ What's it worth the risk to you?
_ Act on it -period.
Best of luck,

Jeff !
I will work to Objectively Identify my Edges
  • #132,929
  • May 19, 2009 4:45am May 19, 2009 4:45am
Quoting mattpajek
LOL.....true
I believe you were they only few that had long last night
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #132,930
  • May 19, 2009 4:52am May 19, 2009 4:52am
No-

You the man bro'!
You got it, will hope to see you around these kinda days!
(When the man is smiling handing out dollA bills on the street!) !
Have a great one Nav,

Jeff! !

Quoting nAVIN2007
u the man! u have good insight and we still here so we definately doing something right

keep in touch bro!
I will work to Objectively Identify my Edges
  • #132,931
  • May 19, 2009 4:56am May 19, 2009 4:56am
Quoting TerpFan2
Hey At2Au,

I just meant nothing really technical-there,

However...
Just "Roll Out" to say, "Bloomberg",
scoll down on the main page to the right,
and Futures, are looking green.

-Though Navin's advice is probably as good
an explanation or better, as well. -Just some different
pieces of the puzzle, we all may have.

Personally, i would just trade from your edge.
_ Do you have it (your edge)?
_ What's it worth the risk to you?
_ Act on it -period.
Best of luck,

Jeff !
absolutely jeff..i think the difference is when u have been doing it a while is that u realise all it is a speculation, when yur wrong its life..u dont need to know where it going, u just have to go with it...use yur defined edge and what yur willing to risk inorder to find out if your right....very well put jeff!!

trading is simple but we as people make it rather difficult because emotions comes into play. A life without it, would make u stinking rich but would u be really living
  • #132,932
  • May 19, 2009 5:02am May 19, 2009 5:02am
Is the latest 1H candle classed as Bearish engulfing? (sorry the candle that just closed)
  • #132,933
  • May 19, 2009 5:04am May 19, 2009 5:04am
Quoting riggster
Is the latest 1H candle classed as Bearish engulfing?
yes...
  • #132,934
  • May 19, 2009 5:04am May 19, 2009 5:04am
Quoting Bull_Bear
Funny how trading with the trend and break out is such an easy concept
and yet everyone was shorting in yesterday session.

First TP hit +105pips.... waiting for 2nd TP to hit with +110pips locked in
nice play my friend
i hope i can learn to be more patience and play for long time
i dont have confidence on doing it lol
- Always pray on your trading - God know the best for everyone
  • #132,935
  • May 19, 2009 5:05am May 19, 2009 5:05am
Quoting nAVIN2007
yes...
Thanks Nav .....doesnt mean im pulling triggers yet!
  • #132,936
  • May 19, 2009 5:08am May 19, 2009 5:08am
Quoting kingindian
nice play my friend
i hope i can learn to be more patience and play for long time
i dont have confidence on doing it lol
Have a trading plan and stick to it. Psyc of trading is your biggest enemy
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #132,937
  • May 19, 2009 5:11am May 19, 2009 5:11am
You got it bud,

We all have to do some sort of analysis,
hemming & hawing over what we "think" it "may" do,
but we don't really need to know.
-That's the really wierd paradox.

It's so different for me now on that aspect...
I'm just Looking for my edges, not where it will go.
-Turn them, (edges), use them,
for what they're worth. Grab the pips move on.
-I don't have to know where it's going. (i don't anyway really).

You're right...
Have a great one Nav,

Jeff !
I will work to Objectively Identify my Edges
  • #132,938
  • May 19, 2009 5:13am May 19, 2009 5:13am
But if we get "Pimp Slapped",

Here @ .96 "ish",
Then i think that Pennant, Nav,
Is a gonna carry thru 'rest of the way buddy!!

If not,
She goes North!
I will work to Objectively Identify my Edges
  • #132,939
  • May 19, 2009 5:34am May 19, 2009 5:34am
short 5496, TP 5470
  • #132,940
  • May 19, 2009 5:35am May 19, 2009 5:35am
go new york go...!

my account getting weaker and weaker....
- Always pray on your trading - God know the best for everyone
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