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Cable Update (GBPUSD)

  • #140,181
  • Jun 25, 2009 7:44am Jun 25, 2009 7:44am
Quoting Ipips
Final call for those who wanna board the bull train. Train is leaving soon..

You've been saying this for several hours now. Yep, "eventually" it will go back up but the platform for this bull train sits at 6220 - 6200 for me.

Just curious (no offense meant) but how much draw-down are you experiencing on your earlier longs you took?

Almost there now....
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 26 KB
Ghost Rider - WWTBMD?
  • #140,182
  • Jun 25, 2009 7:45am Jun 25, 2009 7:45am
Quoting slykyn
why is it good?

unempl. clains:

previus: 612k
forecast: 602k, actual: 627k

this is a plus of 25k of forecast. why more unemployment is good?

oh, i was referring to the q/q gdp
  • #140,183
  • Jun 25, 2009 7:48am Jun 25, 2009 7:48am
Quoting tedwardson
so wormie is GBP heading down ?
It was lol.
I don't know tbh. I don't guess trade the news. Just wait till the news subside to get a better view.
Thank You
  • #140,184
  • Jun 25, 2009 7:49am Jun 25, 2009 7:49am
Quoting albchr
You've been saying this for several hours now. Yep, "eventually" it will go back up but the platform for this bull train sits at 6220 - 6200 for me.

Just curious (no offense meant) but how much draw-down are you experiencing on your earlier longs you took?

Almost there now....
None taken my friend. I am holding longs from 1.6300. So it's only about 70-80 pips down now. Moreover, I did not risk everything so my account can handle more drawdown.

Yea, I was wrong about my call for the bull train earlier, hence the attached picture of a train wreck.

But I'm still in that train, among the other corpses and wreckage.
  • #140,185
  • Jun 25, 2009 7:50am Jun 25, 2009 7:50am
support at bout 6203. if it breaks the support then i will bear too.
  • #140,186
  • Jun 25, 2009 7:53am Jun 25, 2009 7:53am
Quoting Ipips
None taken my friend. I am holding longs from 1.6300. So it's only about 70-80 pips down now. Moreover, I did not risk everything so my account can handle more drawdown.

Yea, I was wrong about my call for the bull train earlier, hence the attached picture of a train wreck.

But I'm still in that train, among the other corpses and wreckage.
you are not alone. add to my lond at 1.624x will add another if it get to 1.6200.
trade wisely
  • #140,187
  • Jun 25, 2009 7:54am Jun 25, 2009 7:54am
boring respon from GU during the news..
EJ much better ...
waiting for 1.6200 to go long too..
  • #140,188
  • Jun 25, 2009 7:54am Jun 25, 2009 7:54am
Quoting Ipips
None taken my friend. I am holding longs from 1.6300. So it's only about 70-80 pips down now. Moreover, I did not risk everything so my account can handle more drawdown.

Yea, I was wrong about my call for the bull train earlier, hence the attached picture of a train wreck.

But I'm still in that train, among the other corpses and wreckage.
Takes a bigger man to admit a wrong call and post negative pips. This forum is fill with winners and yet they are all here. We ALL get hit in the wrong direction from time to time, but its all abt a trading plan and money management that makes one successful.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #140,189
  • Jun 25, 2009 7:57am Jun 25, 2009 7:57am
Quoting Ipips
None taken my friend. I am holding longs from 1.6300. So it's only about 70-80 pips down now. Moreover, I did not risk everything so my account can handle more drawdown.

Yea, I was wrong about my call for the bull train earlier, hence the attached picture of a train wreck.

But I'm still in that train, among the other corpses and wreckage.
That's cool, as long as you can handle the draw down. It's a big physic thing for me. I just HATE draw down...LOL

3 lot Buy pending at 6200.....
Ghost Rider - WWTBMD?
  • #140,190
  • Jun 25, 2009 7:57am Jun 25, 2009 7:57am
lets see where it will go
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 16 KB
  • #140,191
  • Jun 25, 2009 7:58am Jun 25, 2009 7:58am
Quoting Bull_Bear
Takes a bigger man to admit a wrong call and post negative pips. This forum is fill with winners and yet they are all here. We ALL get hit in the wrong direction from time to time, but its all abt a trading plan and money management that makes one successful.
Thanks very much bull bear.
  • #140,192
  • Jun 25, 2009 7:59am Jun 25, 2009 7:59am
Quoting beejay
you are not alone. add to my lond at 1.624x will add another if it get to 1.6200.
trade wisely
I must be missing something...
Are you not supposed to add a position at support to go long....which support do you keep finding...to go long....

I have shorted in 6200 zone 5 times now..and it seems to easy to trade...sold the retracements every time....

All that are adding longs....

Point to add ...for scalps

200 220 ...no other place at all...( scalps only)
Let Price determine your future!
  • #140,193
  • Jun 25, 2009 7:59am Jun 25, 2009 7:59am
anybody took long on 1.6230? 50% fibo on 4h..
any scalpers? miss it cos was bz on ej
  • #140,194
  • Jun 25, 2009 8:01am Jun 25, 2009 8:01am
even GU on the support level, .. price action doesn't look very good

Attached Image (click to enlarge)
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-----------------------

S + R = $$$

.
  • #140,195
  • Jun 25, 2009 8:02am Jun 25, 2009 8:02am
Good Luck all...
I am done for the day........
Still got 2 majors' open from 513 mark the rest is history profit were taken at 290 and added short again at 290 half the positions...

Good Luck to all that are short or long....my stops at break even...So i dont mind anyne winning...lol

Good Luck I pips...may your dream come true....

Wormboy.....My Loading orders are ready in the 300 zone if it goes there....hahah

Take care

GeppyG
Let Price determine your future!
  • #140,196
  • Jun 25, 2009 8:03am Jun 25, 2009 8:03am
U.S. Stock-Index Futures Drop on Unanticipated Increase in Jobless Claims

does this mean that gbp is most likely to climb ?
  • #140,197
  • Jun 25, 2009 8:03am Jun 25, 2009 8:03am
Quoting Bull_Bear
Takes a bigger man to admit a wrong call and post negative pips. This forum is fill with winners and yet they are all here. We ALL get hit in the wrong direction from time to time, but its all abt a trading plan and money management that makes one successful.

So true...
Ghost Rider - WWTBMD?
  • #140,198
  • Jun 25, 2009 8:04am Jun 25, 2009 8:04am
Hi,

I'm a newbie to this forum and to forex trading. Been learning since March. I have enjoyed following the posts here - education and fun.

I use a few indicators including sma. The daily GBPUSD has traded above 10 and 20 ma since april, but this week it has tested the 20 twice. It has gone below the 20 ma on both occasions but hasn't closed below it. imho a close below the 20ma could signal a potential down move?

I'm here to learn!
  • #140,199
  • Jun 25, 2009 8:04am Jun 25, 2009 8:04am
Quoting albchr
You've been saying this for several hours now. Yep, "eventually" it will go back up but the platform for this bull train sits at 6220 - 6200 for me.

Just curious (no offense meant) but how much draw-down are you experiencing on your earlier longs you took?

Almost there now....
Nice chart you got there albchr. I couldn't agree more on your support levels. Anything below the 1.6230 threshold is probably is a bonus for me. Live to fight another day.
  • #140,200
  • Jun 25, 2009 8:05am Jun 25, 2009 8:05am
Quoting Geppyg
Good Luck all...
I am done for the day........
Still got 2 majors' open from 513 mark the rest is history profit were taken at 290 and added short again at 290 half the positions...

Good Luck to all that are short or long....my stops at break even...So i dont mind anyne winning...lol

Good Luck I pips...may your dream come true....

Wormboy.....My Loading orders are ready in the 300 zone if it goes there....hahah

Take care

GeppyG
Take care Geppyg. Well done! Have a good rest and come back strong again tomorrow.
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