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Cable Update (GBPUSD)

  • #150,441
  • Jul 24, 2009 2:51am Jul 24, 2009 2:51am
Quoting albchr
I bought 2 lots at 6310. I took them both at 6380 when it bounced and all that crazy PA was happening. You simply don't understand the NEED to bank em when I got em. I hope you never do.

Taking the chance it would turn around means my kids don't eat and the bills don't get paid and is SIMPLY NOT AN OPTION.

End of debate for me.
  • #150,442
  • Jul 24, 2009 2:52am Jul 24, 2009 2:52am
Quoting forexlion
go to marketiva
and learn to trade a $5 account....
i started my fx career at marketiva and moved on from there.
how long did u stay with marketiva? how much was your startup capital then?
is it good enough a broker?
Thanks!

im now entertaining the thought of opening a second account,
1. just to try Oanda software &
2. to increase more uber-Patience & consistency.
  • #150,443
  • Jul 24, 2009 2:56am Jul 24, 2009 2:56am
Quoting supremeChaos
yes, atm, fundamentally & technically improbable it seems.
i'll be more "strict". there's also the 1.67 - 1.68 zone to contend with (if ever price goes to 1.66+).
yup, you nailed it there, ATM
Thank You
  • #150,444
  • Jul 24, 2009 2:57am Jul 24, 2009 2:57am
News coming out. Any thoughts?
  • #150,445
  • Jul 24, 2009 2:58am Jul 24, 2009 2:58am
Quoting UncleSam123
News coming out. Any thoughts?
DUCK...LOL
Ghost Rider - WWTBMD?
  • #150,446
  • Jul 24, 2009 3:01am Jul 24, 2009 3:01am
Quoting supremeChaos
how long did u stay with marketiva? how much was your startup capital then?
is it good enough a broker?
Thanks!

im now entertaining the thought of opening a second account,
1. just to try Oanda software &
2. to increase more uber-Patience & consistency.
marketiva is a well known bucketshop, so i never invested anything

but, i learned a lot from there, infact that was my real school in forex

some of the top best people down there taught me to trade

i was known as junglelion down there.
  • #150,447
  • Jul 24, 2009 3:02am Jul 24, 2009 3:02am
Quoting forexlion
marketiva is a well known bucketshop, so i never invested anything

but, i learned a lot from there, infact that was my real school in forex

some of the top best people down there taught me to trade

i was known as junglelion down there.
Those were the days ...
  • #150,448
  • Jul 24, 2009 3:03am Jul 24, 2009 3:03am
Quoting forexlion
marketiva is a well known bucketshop, so i never invested anything

but, i learned a lot from there, infact that was my real school in forex

some of the top best people down there taught me to trade

i was known as junglelion down there.
and moforce was one of the guys with me down at marketiva in those days
  • #150,449
  • Jul 24, 2009 3:04am Jul 24, 2009 3:04am
Quoting MoForce
Those were the days ...
yeah and we had tons of fun down there

i miss cashflowfx the canadian guy
  • #150,450
  • Jul 24, 2009 3:06am Jul 24, 2009 3:06am
Quoting forexlion
and moforce was one of the guys with me down at marketiva in those days
That was my first experience with forex the only cool thing they had was built in chat. Chat is also the reason why I left them LOL... as a noob you'd take anyone's suggestions/signals.
  • #150,451
  • Jul 24, 2009 3:07am Jul 24, 2009 3:07am
head and shoulders on 15min?
  • #150,452
  • Jul 24, 2009 3:11am Jul 24, 2009 3:11am
GBP News coming out in 20 minutes. Anybody have any thoughts? Previous was negative number. Today...???
  • #150,453
  • Jul 24, 2009 3:11am Jul 24, 2009 3:11am
The pound is being sold off after the European news...
EUR is going up, the dollar continuing to climb lower.
Seems like the pound had the biggest reaction..?
  • #150,454
  • Jul 24, 2009 3:12am Jul 24, 2009 3:12am
Quoting UncleSam123
GBP News coming out in 20 minutes. Anybody have any thoughts? Previous was negative number. Today...???
screw
  • #150,455
  • Jul 24, 2009 3:14am Jul 24, 2009 3:14am
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  • #150,456
  • Jul 24, 2009 3:16am Jul 24, 2009 3:16am
sell@6525. GU potential down to 6430 before goes up 6550 even 6600. If the news not screw up.. LoL!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #150,457
  • Jul 24, 2009 3:18am Jul 24, 2009 3:18am
Quoting grashid
srry..not understnd ur chart sir
  • #150,458
  • Jul 24, 2009 3:20am Jul 24, 2009 3:20am
hmm... done for the day.. took my 40 pips...
  • #150,459
  • Jul 24, 2009 3:20am Jul 24, 2009 3:20am
Quoting wormboy
yup, you nailed it there, ATM
Thanks,
yes, i believe indicating "atm" was critical.
gbp$ has been in the roughly (tighter) 1.62 - 1.66 range since around June2. made a false upside breakout on June30, then broke the range on the downside last July6/7, then went back inside the range & currently staying there. yesterday price made another stab at 1.66 but failed.
obviously, currently $ is weak ($ index chart-wise) & gbp is not strong either.

i believe we may have a similar scenario just like that on the previous 6-8month $/cad range: breakout looming. up or down & when is the market's decision.
but my bias is bearish gbp$.
if gbp$ can't breach 1.6750 - 1.68 convincingly this month or early next month, then we are really in bear-landia soon. sub-1.60 is calling simply imho, btw.
  • #150,460
  • Jul 24, 2009 3:21am Jul 24, 2009 3:21am
Quoting UncleSam123
GBP News coming out in 20 minutes. Anybody have any thoughts? Previous was negative number. Today...???
If you want to gamble a little: Buy her as low as possible ahead of the news.
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