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Cable Update (GBPUSD)

  • #155,381
  • Aug 5, 2009 11:01am Aug 5, 2009 11:01am
Quoting mktjong
Agreed, stick to the trend is safer. Today's trend is sell al the rallies .. imo.
Ok, sell the rallies. Hoping to get 2 or 3 trades with target 20 pips each.
Great Bodies are Engineered not Born
  • #155,382
  • Aug 5, 2009 11:04am Aug 5, 2009 11:04am
is any one belive that cable will reach 1.7100 before coming back to 1.6900............
  • #155,383
  • Aug 5, 2009 11:05am Aug 5, 2009 11:05am
Quoting leesm
most of the time from 1130 to 1200, the price of Eur and Gbp will go up high and fast. Dunno wat the reason behind it, guess is the Eur and UK pushing it high.
  • #155,384
  • Aug 5, 2009 11:06am Aug 5, 2009 11:06am
Quoting zameer
is any one belive that cable will reach 1.7100 before coming back to 1.6900............
i belive you..
  • #155,385
  • Aug 5, 2009 11:07am Aug 5, 2009 11:07am
Aint lookin' bullish at ALL to me.
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There's always money in the banana stand.
  • #155,386
  • Aug 5, 2009 11:10am Aug 5, 2009 11:10am
but i dont like it that cable reach 1.7100 before coming back to 1.6900......
  • #155,387
  • Aug 5, 2009 11:12am Aug 5, 2009 11:12am
Quoting leesm
most of the time from 1130 to 1200, the price of Eur and Gbp will go up high and fast. Dunno wat the reason behind it, guess is the Eur and UK pushing it high.
Maybe a gap session for Eur and UK. Need more precaution when do a trade during this gap session.
Pride of opinion is a characteristic of losing traders
  • #155,388
  • Aug 5, 2009 11:20am Aug 5, 2009 11:20am
Lot of folks thinking short

Do they see a trend reversal on the horizon or just a day trader's correction (which some would see as just an opportunity to enter some more long) ?

Predicting a trend reversal is brave stuff

ps DOW coming back some right now

pps - kapow !! the shorts, trend is king
  • #155,389
  • Aug 5, 2009 11:23am Aug 5, 2009 11:23am
All you need is patience.
  • #155,390
  • Aug 5, 2009 11:24am Aug 5, 2009 11:24am
I can not see anything that is telling me that this could go short. As I said in my letter before. There is a lot of plain guessing going on in here.

Ne


Quoting allserene
Lot of folks thinking short

Do they see a trend reversal on the horizon or just a day trader's correction (which some would see as just an opportunity to enter some more long) ?

Predicting a trend reversal is brave stuff

ps DOW coming back some right now

pps - kapow !! the shorts, trend is king
  • #155,391
  • Aug 5, 2009 11:27am Aug 5, 2009 11:27am
Here is a good way of determining LTT.....LOL
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  • #155,392
  • Aug 5, 2009 11:28am Aug 5, 2009 11:28am
Close above 1.7042 is what we are looking for.
  • #155,393
  • Aug 5, 2009 11:29am Aug 5, 2009 11:29am
when it spikes up and down and looks panicky, i bet either way - but this is such a strong steady push that i dont want to bet against it

same with shares

when it gets all prickly and spiky and crazy and uncertain, I will start gaming it again

like in another 100 -200 pips
  • #155,394
  • Aug 5, 2009 11:29am Aug 5, 2009 11:29am
And it is a clean bounce.
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  • #155,395
  • Aug 5, 2009 11:29am Aug 5, 2009 11:29am
i'm done now...got 38 pips
time to sleep now...sweet dream for me
  • #155,396
  • Aug 5, 2009 11:33am Aug 5, 2009 11:33am
Good job, you really know when to fold them....LOL

Quoting Jimz
i'm done now...got 38 pips
time to sleep now...sweet dream for me
  • #155,397
  • Aug 5, 2009 11:35am Aug 5, 2009 11:35am
Quoting Nene
Close above 1.7042 is what we are looking for.
wat after 1.7042 ???????????????????
  • #155,398
  • Aug 5, 2009 11:37am Aug 5, 2009 11:37am
Quoting Nene
Here is a good way of determining LTT.....LOL
come on jim, you were calling short too many times before yesterday & that daily ltl was there too back then.
everybody guesses, be it with the trend or without.
Thank You
  • #155,399
  • Aug 5, 2009 11:38am Aug 5, 2009 11:38am

fuhhhhhhh..........thanks god...
now can going to
  • #155,400
  • Aug 5, 2009 11:39am Aug 5, 2009 11:39am
DOW just sank again and it had hardly any effect on cable - is it trying to tell me something
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