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Cable Update (GBPUSD)

  • #137,581
  • Jun 16, 2009 2:13pm Jun 16, 2009 2:13pm
If you want to short it praf the stocks fall... if not pray they get back on their feet(after the drop today)
I`m thinking it will crawl higher... but we will see... asia might make it drop
  • #137,582
  • Jun 16, 2009 2:23pm Jun 16, 2009 2:23pm
does anyone agree, that we are long again, and should be looking for long positions?
  • #137,583
  • Jun 16, 2009 2:30pm Jun 16, 2009 2:30pm
yep if price don't close at or above 1.6460 at 5pm toady we will see 1.6600.
  • #137,584
  • Jun 16, 2009 2:36pm Jun 16, 2009 2:36pm
Quoting alex1976
does anyone agree, that we are long again, and should be looking for long positions?

Jack, what do you think?
  • #137,585
  • Jun 16, 2009 2:38pm Jun 16, 2009 2:38pm
Quoting alex1976
Jack, what do you think?
Look 1 or 2 pages before and you'll see what he thinks.
Doh! I didn't mean to do that.
  • #137,586
  • Jun 16, 2009 2:39pm Jun 16, 2009 2:39pm
It did respect the 21 bar ma on the 1hr. I'd like to see it break the 1.6410 area.
  • #137,587
  • Jun 16, 2009 2:39pm Jun 16, 2009 2:39pm
Quoting MoeFx
yep if price don't close at or above 1.6460 at 5pm toady we will see 1.6600.

what levels would you look to long?
  • #137,588
  • Jun 16, 2009 2:41pm Jun 16, 2009 2:41pm
Quoting alex1976
Jack, what do you think?
Use your own system man!
What you`re doing now will ruin you. You can`t expect to win by doing this.
Not in the long run....
But it`s your money! Good luck!
  • #137,589
  • Jun 16, 2009 2:47pm Jun 16, 2009 2:47pm
Quoting alexandru987
Use your own system man!
What you`re doing now will ruin you. You can`t expect to win by doing this.
Not in the long run....
But it`s your money! Good luck!

What exactly am I doing now, that will "ruin me"??
  • #137,590
  • Jun 16, 2009 2:58pm Jun 16, 2009 2:58pm
Quoting alex1976
what levels would you look to long?
im already long http://www.forexfactory.com/showthread.php?t=176174
  • #137,591
  • Jun 16, 2009 3:13pm Jun 16, 2009 3:13pm
w/ the equities down, and very visible HS and double tops formations, we will prob see the USD continue to strengthen. The main them over the last year has been USD strengthening due to safe haven flows. Peeps on tv start talking about a market come back... I personally think its too early to tell and ... remember... the market CAN be wrong. I think its a head fake. Maybe in the next few quarters we'll see some buying... but reality bites. watch the asian session tonight. I say down.

Play it with stops above the highs - even though i'd rather wait for a more clear pattern. I also should point out that a true trader spends 90% of his/her time planning the trades. Only a small portion should work out (unless you're genius of course)

Happy trading everyone.
  • #137,592
  • Jun 16, 2009 3:30pm Jun 16, 2009 3:30pm
Quoting alex1976
What exactly am I doing now, that will "ruin me"??
He just means learn from what others do, but dont rely on it to determine what you SEE in the charts, when you trade.
  • #137,593
  • Jun 16, 2009 3:32pm Jun 16, 2009 3:32pm
Play it with stops above the highs - even though i'd rather wait for a more clear pattern. I also should point out that a true trader spends 90% of his/her time planning the trades. Only a small portion should work out (unless you're genius of course)
Yes, I agree.... most of the work is WAITING for the right entry/confirmation.... the trade itself should play out as planned
Happy trading everyone.[/quote]
  • #137,594
  • Jun 16, 2009 4:35pm Jun 16, 2009 4:35pm
Quoting smartalicus
Play it with stops above the highs - even though i'd rather wait for a more clear pattern. I also should point out that a true trader spends 90% of his/her time planning the trades. Only a small portion should work out (unless you're genius of course)
Yes, I agree.... most of the work is WAITING for the right entry/confirmation.... the trade itself should play out as planned
Happy trading everyone.
[/quote]


Do you see it long?
  • #137,595
  • Jun 16, 2009 4:55pm Jun 16, 2009 4:55pm
Do you see it long?[/quote]

No idea what the hell happened there. Does anyone know?
You've got to be IN IT to WIN IT!
  • #137,596
  • Edited 4:59pm Jun 16, 2009 4:58pm | Edited 4:59pm
You asked...here is what it means. Read it.


http://www.forexfactory.com/attachme...1&d=1245189487
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  • #137,597
  • Jun 16, 2009 4:59pm Jun 16, 2009 4:59pm
Yes but he thinks stops above the highs means long.
So i think the advice i gave him before sounds better and better.
  • #137,598
  • Jun 16, 2009 4:59pm Jun 16, 2009 4:59pm
I've been short all day. Looks like a downer for the Asian session as well.
There's always money in the banana stand.
  • #137,599
  • Jun 16, 2009 5:03pm Jun 16, 2009 5:03pm
Short @ 1.6420...... SL 1.6510..... TP open.

Loss on previous long of -20pips.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #137,600
  • Jun 16, 2009 5:25pm Jun 16, 2009 5:25pm
Do you see it long?[/quote]
i wont take a position now... if it gets back above 6450, i might go long, if below 6370, ill short...
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