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Cable Update (GBPUSD)

  • #133,381
  • May 20, 2009 2:22pm May 20, 2009 2:22pm
Quoting pujolshomerun
bad idea.

the trand is upward.

if you think its gonna drop, don't short. just wait until it drops and then long after it drops

its too risky to short gbp/usd.
I think we'll see 1,56 again before 1,60....
  • #133,382
  • May 20, 2009 2:28pm May 20, 2009 2:28pm
The pound has broken a key level
Attached Image (click to enlarge)
Click to Enlarge Name: 10)gbp usd h8 20tn may.jpg Size: 126 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #133,383
  • May 20, 2009 2:32pm May 20, 2009 2:32pm
Medium term view tho
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #133,384
  • May 20, 2009 2:39pm May 20, 2009 2:39pm
Quoting Bones
The pound has broken a key level
hiya buddy....we are going back up!!
missed the move down (was in shock) missing it up also (still paper trading)...

how are u bro?
  • #133,385
  • May 20, 2009 2:45pm May 20, 2009 2:45pm
This is turning into an increasingly nasty dragon violating volatility bands one by one like there's nothing to it.
Usually implying one thing: lots and lots of shorts getting squeezed, refusing to give up...

- Volatility expanding as we speak -
Attached Image
Hear the music before the song is over ...
  • #133,386
  • May 20, 2009 2:46pm May 20, 2009 2:46pm
Quoting fammira
I think we'll see 1,56 again before 1,60....
what if it doesn't?

and if it does, you can wait until it goes down to 1.56 and then long to 1.60

you don't have to short to 1.56. its too risky
When I buy it, it moves down. When I sell it, it moves up.
  • #133,387
  • May 20, 2009 2:46pm May 20, 2009 2:46pm
tony : thanks mate
Thank You
  • #133,388
  • May 20, 2009 2:46pm May 20, 2009 2:46pm
Quoting Bones
The pound has broken a key level
Not bad. Thanks for the chart. So, where exactly do you project the target on this cross? 1.7?
  • #133,389
  • May 20, 2009 2:46pm May 20, 2009 2:46pm
Quoting 4xHero
shorting from 5785...but not sure if it will test 58 level
closed at 5750
  • #133,390
  • May 20, 2009 2:48pm May 20, 2009 2:48pm
Hay Navin......If she keeps on like this that long u had last fall around 8600 may finally pay off!!!!
  • #133,391
  • May 20, 2009 2:53pm May 20, 2009 2:53pm
Quoting 4xHero
closed at 5750
I also have closed at 1,5753 but would not touch the long side either for a while, USD will likely bounce
  • #133,392
  • May 20, 2009 2:53pm May 20, 2009 2:53pm
Quoting Shilva
Hay Navin......If she keeps on like this that long u had last fall around 8600 may finally pay off!!!!
yo bro! trading huh
  • #133,393
  • May 20, 2009 2:54pm May 20, 2009 2:54pm
Hey Nav I m paper trading a lot myself as I'm always busy and dont need the additional stress ,its definitely not easy this forex thing ,lol


Quoting nAVIN2007
hiya buddy....we are going back up!!
missed the move down (was in shock) missing it up also (still paper trading)...

how are u bro?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #133,394
  • Edited 3:38pm May 20, 2009 2:56pm | Edited 3:38pm
Quoting GlobalMacro
Bullish momentum reinstated w/ break of 1.5592
Exiting the entire long position.

short from 1.5511 to 1.5592 -> - 81 pips (Was up + 65 pips temporarily though before reversing)
long from 1.5592 to 1.5773 -> + 181 pips
Net => + 100 pips
Hear the music before the song is over ...
  • #133,395
  • May 20, 2009 2:59pm May 20, 2009 2:59pm
Well if the gbp lfx goes to 3 and the usdlfx consolidates /rises from here say to 1.8700

3 /1.8700=1.6 odd which is the next Round Number up


Quoting zapper
Not bad. Thanks for the chart. So, where exactly do you project the target on this cross? 1.7?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #133,396
  • May 20, 2009 3:02pm May 20, 2009 3:02pm
Quoting Bones
Hey Nav I m paper trading a lot myself as I'm always busy and dont need the additional stress ,its definitely not easy this forex thing ,lol
oh yes definately not easy at least we can paper trade as appossed to use real cash.....it shows we enjoy trading, have a passion for it, that i think maybe the factor that makes us heavily profitable one day!

heres hoping pal..
  • #133,397
  • May 20, 2009 3:07pm May 20, 2009 3:07pm
Implied Vols: 0.875%
Statistical Vols: 1.23% and rising
%Chng: 1.77%
Hear the music before the song is over ...
  • #133,398
  • May 20, 2009 3:10pm May 20, 2009 3:10pm
Quoting nAVIN2007
yo bro! trading huh
Got in late and closed early on the long off the 5500 level, then shorted it around 5700, which i thought was a great entry, and was stopped out with a few. Kicking myself for not reversing right then!

When u think u have a nice one running and it does not play out......

the market is usually telling u something.
  • #133,399
  • May 20, 2009 3:54pm May 20, 2009 3:54pm
Guys this is way over my head. I need to invent a time machine. Any helpers?
You've got to be IN IT to WIN IT!
  • #133,400
  • May 20, 2009 4:07pm May 20, 2009 4:07pm
Quoting Shilva
Got in late and closed early on the long off the 5500 level, then shorted it around 5700, which i thought was a great entry, and was stopped out with a few. Kicking myself for not reversing right then!

When u think u have a nice one running and it does not play out......

the market is usually telling u something.
Well, it`s telling you that it`s trending and not to go against it...
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