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Cable Update (GBPUSD)

  • #155,241
  • Aug 5, 2009 6:39am Aug 5, 2009 6:39am
Quoting direct-trade
Wonder if LDN will drop this through the floor before NY open.

There's an Option around here somewhere....Suppose we will find out where it is after it's hit LOL
  • #155,242
  • Aug 5, 2009 6:39am Aug 5, 2009 6:39am
Quoting Turveyd
80% chance of losing your bucks cause your against the trend, strangely if you'd traded with the trend, you'd have a 80% chance of making 30bucks!!

It really is that simple!!
Yup, shame on me. Really need to discipline myself!
Great Bodies are Engineered not Born
  • #155,243
  • Aug 5, 2009 6:43am Aug 5, 2009 6:43am
Don't loose hope. But don't adjust your stop loss!


Quoting RichLadyFX
Yup, shame on me. Really need to discipline myself!
  • #155,244
  • Aug 5, 2009 6:47am Aug 5, 2009 6:47am
Looks like a pattern
Is Price Movement really this predictable?
Target not far away.


Quoting Bones
Seems like consolidation after up thrust 7 is nice round number but has it been tested enough yet??I suspect price will reach through it at the very least.
Price has changed its mood from consolidation to trend.
Attached Image (click to enlarge)
Click to Enlarge Name: 11) gbpusd h8 5 aug.gif Size: 12 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #155,245
  • Aug 5, 2009 6:47am Aug 5, 2009 6:47am
I have closed one of the long entry. That may make the price fall a little.
  • #155,246
  • Aug 5, 2009 6:47am Aug 5, 2009 6:47am
Quoting rashidcm2004
Don't loose hope. But don't adjust your stop loss!
Still hoping. SL remains.

Please Bull, my SL tastes terrible!
Great Bodies are Engineered not Born
  • #155,247
  • Aug 5, 2009 6:48am Aug 5, 2009 6:48am
Quoting RichLadyFX
Yup, shame on me. Really need to discipline myself!

Ohhh that leaves so many lines open, all of which would get me banned
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #155,248
  • Aug 5, 2009 6:49am Aug 5, 2009 6:49am
This is one horny beast!
Probability Professor
  • #155,249
  • Aug 5, 2009 6:50am Aug 5, 2009 6:50am
Time for another consolidation. Next move upon ISM NMPMI Report!
  • #155,250
  • Aug 5, 2009 6:50am Aug 5, 2009 6:50am
Quoting RichLadyFX
Still hoping. SL remains.

Please Bull, my SL tastes terrible!

Big news in 25mins, you don't want to be holding a position either way.

This news can blow past your SL by 100pips close you at -100 easy, then reverse direction 200pips.

Get OUT!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #155,251
  • Aug 5, 2009 6:51am Aug 5, 2009 6:51am
Quoting RichLadyFX
Still hoping. SL remains.

Please Bull, my SL tastes terrible!
You're getting your chance to get out for less of a loss. DON'T sit there hoping it will come back. Cutting losses is a HUGE part of this game.
Ghost Rider - WWTBMD?
  • #155,252
  • Aug 5, 2009 6:58am Aug 5, 2009 6:58am
Price @ Breakeven. Decide yourself. But in no time!

Quoting RichLadyFX
Still hoping. SL remains.

Please Bull, my SL tastes terrible!
  • #155,253
  • Aug 5, 2009 6:59am Aug 5, 2009 6:59am
fibo month 50% 1.73
wait...)
  • #155,254
  • Aug 5, 2009 6:59am Aug 5, 2009 6:59am
Quoting RichLadyFX
Still hoping. SL remains.

Please Bull, my SL tastes terrible!
im short too @7030 with a stop loss at 7055. it maybe too early, but i think it is worth a try...i think it is going to tank soon.

the problem with trading against the trend is your entry has to more accurate; however going with the trend towards the end of of a long trend is more dangerous (unless you are trading off of the 1, and 5 minute charts), because when the trend reverses, it is normally a violent move.
  • #155,255
  • Aug 5, 2009 7:02am Aug 5, 2009 7:02am
Quoting Bones
Looks like a pattern
Is Price Movement really this predictable?
Target not far away.
tony, watch cad/lfx, its turning bearish (watch daily and weekly chart).

USD should move opposite, turning bullish. Lets see what we have at end of day
  • #155,256
  • Aug 5, 2009 7:02am Aug 5, 2009 7:02am
To be or not to be?
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 81 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #155,257
  • Aug 5, 2009 7:03am Aug 5, 2009 7:03am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I can understand going short but why risk at 70300?

go short from 70500 and SL of 20 pips.

It will touch 70550 at every cost, wait and watch. There are 2 news one in 15 min another at 1500.




Quoting mpurdy1973
im short too @7030 with a stop loss at 7055. it maybe too early, but i think it is worth a try...i think it is going to tank soon.

the problem with trading against the trend is your entry has to more accurate; however going with the trend towards the end of of a long trend is more dangerous (unless you are trading off of the 1, and 5 minute charts), because when the trend reverses, it is normally a violent move.
  • #155,258
  • Aug 5, 2009 7:06am Aug 5, 2009 7:06am
Quoting Bull_Bear
To be or not to be?
I think to be buddy.

Any bets on which way it will spike on the news?

Just for fun, my gut says up 50 to 100, stall and a retrace back...LOL
Ghost Rider - WWTBMD?
  • #155,259
  • Aug 5, 2009 7:07am Aug 5, 2009 7:07am
Quoting RichLadyFX
Still hoping. SL remains.

Please Bull, my SL tastes terrible!
IT HAS TO GO UP, but maybe the news will hit your SL first and then go loooong loong.
  • #155,260
  • Aug 5, 2009 7:08am Aug 5, 2009 7:08am
Quoting albchr
I think to be buddy.

Any bets on which way it will spike on the news?

Just for fun, my gut says up 50 to 100, stall and a retrace back...LOL
1 gust u are right budy
GELORE
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