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Cable Update (GBPUSD)

  • #155,441
  • Aug 5, 2009 2:17pm Aug 5, 2009 2:17pm
Quoting malcolmb14
get out on reatrce ... no matter what GU is liekly going to be pushed to 1.7100 / 1.7200 . Not due to news or anything like that ... jusar cause it is destined to come down .... but they will push her higher 1st to set a bull trap

That's what I intend to do. Thanks!
  • #155,442
  • Aug 5, 2009 2:29pm Aug 5, 2009 2:29pm
Quoting PiptheRipper
I've been trading live for about 8 weeks now. I have to admit, I'm not profitable yet but learning everyday which is great. I have to trade part time so trying to trade on higher time frames.
Hi Pip. Welcome
Stay away from the lower tf since you're new to trading. And avoid overtrading.

Btw you shouldn't be here at the cable thread if you want to learn. This is a bullshit thread.
Click here : http://www.forexfactory.com/t/69786/...e-chart-1.html
This is a master's trading room where you can learn the higher tf & be profitable.
It's a slow process my friend, all the best
Thank You
  • #155,443
  • Aug 5, 2009 2:58pm Aug 5, 2009 2:58pm
Quoting wormboy
Hi Pip. Welcome
Stay away from the lower tf since you're new to trading. And avoid overtrading.

Btw you shouldn't be here at the cable thread if you want to learn. This is a bullshit thread.
Click here : http://www.forexfactory.com/t/69786/...e-chart-1.html
This is a master's trading room where you can learn the higher tf & be profitable.
It's a slow process my friend, all the best
u forgot to mention your thread as well buddy..
  • #155,444
  • Aug 5, 2009 2:59pm Aug 5, 2009 2:59pm
Short closed. Looking upside region 1.7040 again!
  • #155,445
  • Aug 5, 2009 3:00pm Aug 5, 2009 3:00pm
Quoting PiptheRipper
Hello everyone.
I've been lurking on this thread for quite some time now. Been learning from guys like wormboy, Navin, DD, KillPhill, Forexlion, Stew and a few others. Keep it up.

I've been trading live for about 8 weeks now. I have to admit, I'm not profitable yet but learning everyday which is great. I have to trade part time so trying to trade on higher time frames. Anyway here is my chart:

Price is sitting on support, so if we can close above 1.7 today we might see a retrace to one of the trend lines followed by a move up. Not sure...
with charts like that my friend it wont be long b4 u become profitable..nice lines buddy
  • #155,446
  • Aug 5, 2009 3:14pm Aug 5, 2009 3:14pm
Quoting GlobalMacro
I will start accumulating longs around these levels...currently 1.6900/15
I'm still carrying my long position. The following chart outlines how I see the market right now.
Cable is trading @ 1.7009 as of this writing.

GM
Attached Image
Hear the music before the song is over ...
  • #155,447
  • Aug 5, 2009 3:38pm Aug 5, 2009 3:38pm
Quoting GlobalMacro
I'm still carrying my long position. The following chart outlines how I see the market right now.
Cable is trading @ 1.7009 as of this writing.

GM
now thats what i call a man following a plan..great trading buddy..
  • #155,448
  • Aug 5, 2009 3:51pm Aug 5, 2009 3:51pm
Quoting nAVIN2007
now thats what i call a man following a plan..great trading buddy..
Thnx buddy...

C U @ LDN.O
Hear the music before the song is over ...
  • #155,449
  • Aug 5, 2009 5:37pm Aug 5, 2009 5:37pm
This was the most guaranteed trade ever....
went long at 1.6980 and target 1.7020..........
Come on....
Two days of losses trying to short cable and made all the money back +profits...2 nasty days though must admin......

Hope all you guys are doing well
Let Price determine your future!
  • #155,450
  • Aug 5, 2009 5:53pm Aug 5, 2009 5:53pm
are we still long going into next uk session?
  • #155,451
  • Aug 5, 2009 6:09pm Aug 5, 2009 6:09pm
Short now to about 1.6910 with tight tight stop loss.
  • #155,452
  • Aug 5, 2009 6:11pm Aug 5, 2009 6:11pm
Quoting alex1976
are we still long going into next uk session?

Trend is still up, so Longs are key!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #155,453
  • Aug 5, 2009 6:13pm Aug 5, 2009 6:13pm
I believe after today news, eur and gbp will be moving high. If the news come is good, we will see 1.45 or 1.46 for eur and 1.71 or 1.72. Have to becareful for our trade.
  • #155,454
  • Aug 5, 2009 6:17pm Aug 5, 2009 6:17pm
Quoting bradorboy
Short now to about 1.6910 with tight tight stop loss.
Forgot to add that you should pay close attention to reaction first at daily pivot level 1.6976...key level to next support at 1.6910...
  • #155,455
  • Aug 5, 2009 6:19pm Aug 5, 2009 6:19pm
Morning guys, I took off after 2 straight losses in a row last night. I'm back on the short train today for the retrace.

Sell @ 1.7000.... SL 1.7060.... TP 1.6900

See you guys in the London session
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #155,456
  • Aug 5, 2009 6:48pm Aug 5, 2009 6:48pm
Quoting Turveyd
Trend is still up, so Longs are key!!

Where would you look to get long again?
  • #155,457
  • Aug 5, 2009 7:03pm Aug 5, 2009 7:03pm
I selling the pound gradually from now on...
Its overbought , the price keep going up but I think the retacement will start from 1.7500..
  • #155,458
  • Aug 5, 2009 8:11pm Aug 5, 2009 8:11pm
Quoting forex888
I selling the pound gradually from now on...
Its overbought , the price keep going up but I think the retacement will start from 1.7500..
Well, that's certainly a long term view and may be right. Selling from here in the near term seems profitable for me.
There's always money in the banana stand.
  • #155,459
  • Aug 5, 2009 8:25pm Aug 5, 2009 8:25pm
Quoting alex1976
Where would you look to get long again?
now my fren
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #155,460
  • Aug 5, 2009 8:31pm Aug 5, 2009 8:31pm
Getting a push off the Aussie news here guys. Maybe all it needs.

Ne
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