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Cable Update (GBPUSD)

  • #152,601
  • Jul 29, 2009 6:50pm Jul 29, 2009 6:50pm
Quoting 5abi
treasury sales was not good today. but you are right dollar will strengthen

threw up the dx yesterday .... look what happened today ... updated chart . This thing is going to 80 test .. meaning dj down

some days I wish i was a swing trader ...would have been easy selling eu, gu and buying uc yesterday

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Blogging daily now at www.volume.zone
  • #152,602
  • Jul 29, 2009 6:55pm Jul 29, 2009 6:55pm
Quoting 5abi
treasury sales was not good today. but you are right dollar will strengthen
Do you have the same time machine as me ? It's a Lexus timemaster guaranteed for up to 7 days forward. I was in next friday yesterday and the dollar was weakening again because the health care bill was looking good

I came back here to this time because I realised I will be leaving the kitchen tap running tomorrow
  • #152,603
  • Jul 29, 2009 7:01pm Jul 29, 2009 7:01pm
lol. I have a v8 so it goes up to 8 days.

Hey health care bill if passed will drown the WALL STREET. I like to think that equities relate inversely well to the dollar. So just taking my chance.

Quoting allserene
Do you have the same time machine as me ? It's a Lexus timemaster guaranteed for up to 7 days forward. I was in next friday yesterday and the dollar was weakening again because the health care bill was looking good

I came back here to this time because I realised I will be leaving the kitchen tap running tomorrow
Its all in the mind.
  • #152,604
  • Jul 29, 2009 7:02pm Jul 29, 2009 7:02pm
Yes it is not if but when.

Btw Do you trade full time?

Quoting malcolmb14
threw up the dx yesterday .... look what happened today ... updated chart . This thing is going to 80 test .. meaning dj down

some days I wish i was a swing trader ...would have been easy selling eu, gu and buying uc yesterday

Attachment
Its all in the mind.
  • #152,605
  • Jul 29, 2009 7:06pm Jul 29, 2009 7:06pm
Could be a playback yesterday. Watching 6397.
Its all in the mind.
  • #152,606
  • Jul 29, 2009 7:17pm Jul 29, 2009 7:17pm
Quoting 5abi
Yes it is not if but when.

Btw Do you trade full time?
I lose money full time .. trade part time ....lol
Blogging daily now at www.volume.zone
  • #152,607
  • Jul 29, 2009 7:19pm Jul 29, 2009 7:19pm
Quoting 5abi
lol. I have a v8 so it goes up to 8 days.

Hey health care bill if passed will drown the WALL STREET. I like to think that equities relate inversely well to the dollar. So just taking my chance.

yes, since equities are "measured"/paid for in dollars
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #152,608
  • Jul 29, 2009 7:20pm Jul 29, 2009 7:20pm
[quote=malcolmb14;2913899]'

I hope it works for you ...

Thanks.
Im a swing trader and yes at this moment maybe i would loss 30-40 pips. I dont follow news & fundemental. All i use is trust with the indicator & follow the signal at my 1hr &4hr chart and BOOM..... this 2weeks i get return with 600% profit. Everyday i can enter 1 or 2 trade with minimum +50pips.
Well the profit is come from this forum to and i learn alot for 2 years to get the reaturn then. The best things is swing trade more relax to me.
GELORE
  • #152,609
  • Jul 29, 2009 7:22pm Jul 29, 2009 7:22pm
Quoting malcolmb14
I lose money full time .. trade part time ....lol
good one keep the good humor malcom
  • #152,610
  • Jul 29, 2009 7:22pm Jul 29, 2009 7:22pm
buy 1.6380 tp 1.6487
  • #152,611
  • Jul 29, 2009 7:24pm Jul 29, 2009 7:24pm
Nice bounce happening - best one since I saw dolly parton go past on a pogo stick
  • #152,612
  • Jul 29, 2009 7:27pm Jul 29, 2009 7:27pm
As I said before I awakened STRONG BULLS on euro and pound and they just began their high mission
ROBOT FOREX
  • #152,613
  • Jul 29, 2009 7:28pm Jul 29, 2009 7:28pm
My premise is that equities are a measure of risk aversion etc. so when it goes down people stock on safe haven USD and Yen.

Quoting djambazov84
yes, since equities are "measured"/paid for in dollars
Its all in the mind.
  • #152,614
  • Jul 29, 2009 7:28pm Jul 29, 2009 7:28pm
Watch out for a short. I have a sell entry at 6415. stop at 6455.
Its all in the mind.
  • #152,615
  • Jul 29, 2009 7:32pm Jul 29, 2009 7:32pm
Quoting 5abi
My premise is that equities are a measure of risk aversion etc. so when it goes down people stock on safe haven USD and Yen.

that is also true but i have seen days when both equities and usd move in tandem albeit rarely, which means that equities are gaining in "real" terms
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #152,616
  • Jul 29, 2009 7:33pm Jul 29, 2009 7:33pm
if the daily pivot 1.6397 -6400 hold I will closed my long go for short if it close above these are my target.
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  • #152,617
  • Jul 29, 2009 7:36pm Jul 29, 2009 7:36pm
Quoting 5abi
My premise is that equities are a measure of risk aversion etc. so when it goes down people stock on safe haven USD and Yen.
I agree - but watch out for the US economy recovering fast and foreigners buying into it - at that point, the USD and equities both go up

They used to catch me out with all that stuff - there are so many variables which flip flop at certain points, that I just go with the flow now and contra trade any massive moves

But then other times the momentum is such that I just trend trade and buy the dips

It all depends - I wish they would keep the rules the same through all the various economic phases - then everyone could be rich (haha)

Anyone who is married knows that the rules change the instant you think you have a method to cope
  • #152,618
  • Jul 29, 2009 7:46pm Jul 29, 2009 7:46pm
Lol. Not married but rituals of dating have taught me that just when you think you have all figured out something will give way

What time frame you trade bud? I concur rules change and to stay in here long, one needs to be nimble, be fast.

Quoting allserene
I agree - but watch out for the US economy recovering fast and foreigners buying into it - at that point, the USD and equities both go up

They used to catch me out with all that stuff - there are so many variables which flip flop at certain points, that I just go with the flow now and contra trade any massive moves

But then other times the momentum is such that I just trend trade and buy the dips

It all depends - I wish they would keep the rules the same through all the various economic phases - then everyone could be rich...
Its all in the mind.
  • #152,619
  • Jul 29, 2009 8:16pm Jul 29, 2009 8:16pm
deja vue hmmm..
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  • #152,620
  • Jul 29, 2009 8:17pm Jul 29, 2009 8:17pm
I like to check all time frames out before I pull the trigger - it gives me a sense of balance and perspective

If I am day trading I use the 15 minute and flick into 30 second before clicking, but I am very concious of the hourly and daily trend

I guess the hourly or 3 hourly is the most important but I try to give myself a few pips start by going in close at the last minute

Bit like Cramer who always buys shares on 'limit' rather than 'market' in order to save a couple of cents - most time it has moved against me a few more cents by the time i enter the limit amount - so he talks junk you know and I am better off entering a market order and getting in there quickly !
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