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Cable Update (GBPUSD)

  • #140,141
  • Jun 25, 2009 6:50am Jun 25, 2009 6:50am
Quoting wormboy
I'm gonna throw in my thoughts just for the sake of helping fellow traders.
No intention to be hurtful so I apologise in advance.

Going in long an hour away from the unemployment data & with so much selling pressure is gambling. And yes you are panicking, else you could always wait for a better confirmation to go long later. This thing right now could thrust deep into the lows of 6100 as it could spike upwards towards 6470 level. You might get lucky and get away with it but I guarantee you won't the next time around.
This is just a friendly reminder...
Words of encouragements for the newbies
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #140,142
  • Jun 25, 2009 6:50am Jun 25, 2009 6:50am
Quoting RichLadyFX
Thank You for helping newbie like me. Bila nak pekena teh tarik ni?
You're welcome melady

Teh tarik ka? I'm in Penang, if you're here boleh la
Thank You
  • #140,143
  • Jun 25, 2009 6:52am Jun 25, 2009 6:52am
Quoting Bull_Bear
Words of ...:
Hi bb how's it going bro. I hope you're doing good
Thank You
  • #140,144
  • Jun 25, 2009 6:53am Jun 25, 2009 6:53am
Quoting wormboy
I'm gonna throw in my thoughts just for the sake of helping fellow traders.
No intention to be hurtful so I apologise in advance.

Going in long an hour away from the unemployment data & with so much selling pressure is gambling. And yes you are panicking, else you could always wait for a better confirmation to go long later. This thing right now could thrust deep into the lows of 6100 as it could spike upwards towards 6470 level. You might get lucky and get away with it but I guarantee you won't the next time around.
This is just a friendly reminder...
Cheers,

you just slowed me right down.

Thanks.
  • #140,145
  • Jun 25, 2009 6:53am Jun 25, 2009 6:53am
Quoting tomie
i know you are speaking taiwanese ...
Korean
  • #140,146
  • Jun 25, 2009 6:54am Jun 25, 2009 6:54am
Quoting wormboy
Hi bb how's it going bro. I hope you're doing good
I'm good bro.... green pips always nice my friend. Where u at with your trades? Are you in the market mate?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #140,147
  • Jun 25, 2009 6:56am Jun 25, 2009 6:56am
Quoting Dillinger
Got nervous and TP at 6364! but I picked up 207 pips so not bad.
I wish I had jumped in earlier.. 500 pips! wow!! great trade!


.... but now I'm not sure what to do.

depending how the 15M closes, may jump back in short. still seems a bit early to go long.
Great post there and sweet profit Dillinger. Text book trade today on the Cable.. Got in this morning at 1.6434 and still maintaining open position. http://www.forexfactory.com/images/icons/icon10.gif
  • #140,148
  • Jun 25, 2009 6:57am Jun 25, 2009 6:57am
Hi everyone,

I'm pretty much new here and to the forex world.

Nice to meet you all and providing valuable suggestions and ideas, cheers
  • #140,149
  • Jun 25, 2009 6:59am Jun 25, 2009 6:59am
pjpipster : You're welcome
Thank You
  • #140,150
  • Jun 25, 2009 6:59am Jun 25, 2009 6:59am
Quoting leimonx
Hi everyone,

I'm pretty much new here and to the forex world.

Nice to meet you all and providing valuable suggestions and ideas, cheers
nice to meet you too. i am a newbie just like you.

another half an hour for Unemployment Claims, and we will know whether its a temporary bull or bear.
  • #140,151
  • Jun 25, 2009 7:01am Jun 25, 2009 7:01am
Quoting john123x
nice to meet you too. i am a newbie just like you.

As a start, i have no idea why someone says that its a textbook trade for gbp/usd to drop from its opening for the day till now.

Is there anyone to point out to us newbies as i'm only looking at the economic calendar.

thank you!
  • #140,152
  • Jun 25, 2009 7:01am Jun 25, 2009 7:01am
Quoting Bull_Bear
I'm good bro.... green pips always nice my friend. Where u at with your trades? Are you in the market mate?
Good to hear you're making bro.
Yup I'm holding a position. I'm trading my baby dragon atm
Thank You
  • #140,153
  • Jun 25, 2009 7:02am Jun 25, 2009 7:02am
wt will u do N/Y
  • #140,154
  • Jun 25, 2009 7:06am Jun 25, 2009 7:06am
Quoting leimonx
As a start, i have no...!
Selling weakness at the resistance is textbook trading buddy.
Thank You
  • #140,155
  • Jun 25, 2009 7:10am Jun 25, 2009 7:10am
Final call for those who wanna board the bull train. Train is leaving soon..
  • #140,156
  • Jun 25, 2009 7:14am Jun 25, 2009 7:14am
Quoting Ipips
Final call for those who wanna board the bull train. Train is leaving soon..
am in the first class
  • #140,157
  • Jun 25, 2009 7:14am Jun 25, 2009 7:14am
morning allz
  • #140,158
  • Jun 25, 2009 7:15am Jun 25, 2009 7:15am
Quoting roreki
am in the first class
Stay on the platform buddy
  • #140,159
  • Jun 25, 2009 7:16am Jun 25, 2009 7:16am
Quoting roreki
am in the first class
me too in the bull train. i think US economy still sucks
  • #140,160
  • Jun 25, 2009 7:18am Jun 25, 2009 7:18am
Quoting john123x
me too in the bull train. i think US economy still sucks
mmmm ?
But UK sucks far more
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