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Cable Update (GBPUSD)

  • #151,781
  • Jul 28, 2009 4:20am Jul 28, 2009 4:20am
Quoting wormboy
hey bb, yea bro, still at opposite end lol
Buy you a drink if you make it
Now i'm well..... A beer would be very tasty....... Bring on Friday

catch up later mate dinner time
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #151,782
  • Jul 28, 2009 4:20am Jul 28, 2009 4:20am
Quoting wormboy
On the contrary : http://www.forexfactory.com/showpost...postcount=2051



Have a good day buddy
I trade 5m with 1hour/4hour direction. Since that call it's gone from my overnight level ( 16508) to the underside of the trendline up (exit). Until 16550 or 16508 breaks methinks = selling pressure 16550; buying pressure =16508.

However the more tests it has, well you know...

Still liking USD selling off, especially since these yen moves (and euro bullflag indicates upwards > also supposedly those 14300 options that were there yesterday are now hedged = less resistance).

Anyways, hope we both make some more pips! Mornings give me great risk trades.
  • #151,783
  • Jul 28, 2009 4:23am Jul 28, 2009 4:23am
Quoting stewrigh
Ok man - just trying to help.

GL

I know you are buddy and as I said yesterday, I honestly do appreciate it. And again, I do not disagree with buying the dips. I do that too. But If I waited to ONLY do that, especially with the snails pace PA of the last 2 weeks. I would have missed out on the $450 I just banked this morning by going short off the 6550 area which in my book, is very strong resistance.

Please don't take what I said personally. It 's just I can't afford to miss those opportunities.

Like I'd love the chance to buy at say 6380 or 6330. But if it gets there, who's to say it won't keep going down? Not me...LOL I have no idea what it would do. I have to rely on PA around the strong S/R's to play it either way. The way PA has been, it might very well get there but it might also take weeks...LOL

I minimize my risk by entering right at S/R levels. Because I have to place such large lot orders, as soon as I'm 5 or 6 pips in profit I get to BE. Until then, I have my finger on the trigger ready to kill it if goes a few against me beyond that S/R. So I get stopped out a LOT at BE or + a few but the one that runs pays me well.

This is why I always say the game I have to play is dangerous! I don't even like to post about it because God forbid some new trader sees it and thinks it's "a good way to trade". It's NOT! Pure and simple.
Ghost Rider - WWTBMD?
  • #151,784
  • Jul 28, 2009 4:26am Jul 28, 2009 4:26am
Quoting KillPhil08
I trade 5m with 1hour/4hour direction. Since that call it's gone from my overnight level ( 16508) to the underside of the trendline up (exit). Until 16550 or 16508 breaks methinks = selling pressure 16550; buying pressure =16508.

However the more tests it has, well you know...

Still liking USD selling off, especially since these yen moves (and euro bullflag indicates upwards > also supposedly those 14300 options that were there yesterday are now hedged = less resistance).

Anyways, hope we both make some more pips! Mornings give me...
understood.
I fancy my chances here. if price close above the utl i'll just close my trade & take a small loss, no issue.
Good luck to you buddy
Thank You
  • #151,785
  • Jul 28, 2009 4:27am Jul 28, 2009 4:27am
Quoting albchr
I know you are buddy and as I said yesterday, I honestly do appreciate it. And again, I do not disagree with buying the dips. I do that too. But If I waited to ONLY do that, especially with the snails pace PA of the last 2 weeks. I would have missed out on the $450 I just banked this morning by going short off the 6550 area which in my book, is very strong resistance.

Please don't take what I said personally. It 's just I can't afford to miss those opportunities.

Like I'd love the chance to buy at say 6380 or 6330. But if it gets there,...
hi chris
Thank You
  • #151,786
  • Jul 28, 2009 4:30am Jul 28, 2009 4:30am
Quoting wormboy
hi chris
Hey buddy!

She's testing my patience bro...LOL I sure wish it would just pick a direction and GO!!
Ghost Rider - WWTBMD?
  • #151,787
  • Jul 28, 2009 4:31am Jul 28, 2009 4:31am
TAKE CARE

AFTER 30 MIN

CBI Realized Sales FOR GBP -- effect = high
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #151,788
  • Jul 28, 2009 4:33am Jul 28, 2009 4:33am
Quoting albchr
Hey buddy!

She's testing my patience bro...LOL I sure wish it would just pick a direction and GO!!
the direction looks pretty clear
trade safe bro
Thank You
  • #151,789
  • Jul 28, 2009 4:34am Jul 28, 2009 4:34am
dose good gbp news make pound week or strong ...like how good usd news makes dollar week normally how dose it work with gbp news
  • #151,790
  • Jul 28, 2009 4:36am Jul 28, 2009 4:36am
Quoting pipmasterJ1
dose good gbp news make pound week or strong ...like how good usd news makes dollar week normally how dose it work with gbp news
it does both, if good news always make pound strong it will be to preditible and we all will be rich.
  • #151,791
  • Jul 28, 2009 4:36am Jul 28, 2009 4:36am
Quoting Bones
Bounce off yesturdays high ,shorts going to be squeezed....?
I'd rather see it as a case of shaking out the longs along the way...after having ditched them laughing all the way up...that's why PA looks so tormenting for both camps...you might say Ms. Cable's got a mild case of sadism this week
Hear the music before the song is over ...
  • #151,792
  • Jul 28, 2009 4:38am Jul 28, 2009 4:38am
why people dont quit trading although there is upcoming news ??
i see a clear path for my strategy for GBP-CHF
but too afraid to go
what do u think ?
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #151,793
  • Jul 28, 2009 4:38am Jul 28, 2009 4:38am
Quoting wormboy
the direction looks pretty clear
trade safe bro
Yep, I'm just looking for another shot to short off 6550 area again. Too much risk (for my trading) to enter where she's hanging right now....LOL
Ghost Rider - WWTBMD?
  • #151,794
  • Jul 28, 2009 4:42am Jul 28, 2009 4:42am
Quoting wormboy
the direction looks pretty clear
trade safe bro
ok, in your opionion what is the direction, up or down?
  • #151,795
  • Jul 28, 2009 4:44am Jul 28, 2009 4:44am
Quoting traderfx
ok, in your opionion what is the direction, up or down?
Thank You
  • #151,796
  • Jul 28, 2009 4:45am Jul 28, 2009 4:45am
Quoting wormboy

what about gbp news ?

THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #151,797
  • Jul 28, 2009 4:46am Jul 28, 2009 4:46am
Quoting negro wolf
TAKE CARE

AFTER 30 MIN

CBI Realized Sales FOR GBP -- effect = high
I HATE NEWS!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #151,798
  • Jul 28, 2009 4:47am Jul 28, 2009 4:47am
Quoting negro wolf

what about gbp news ?

news?? just dancing
  • #151,799
  • Jul 28, 2009 4:47am Jul 28, 2009 4:47am
Quoting akumelayu
news?? just dancing

u mean u dont care the news/?
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #151,800
  • Jul 28, 2009 4:49am Jul 28, 2009 4:49am
Quoting negro wolf
u mean u dont care the news/?
just a litle
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