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Cable Update (GBPUSD)

  • #155,861
  • Aug 6, 2009 10:44am Aug 6, 2009 10:44am
Quoting wormboy
going good chris. how's the trading coming?
Doing well buddy. Putting a small bucket of pips together...

Actually thought it was gonna go up after this mornings wind up. Glad I didn't place any longs though...

Helping the wife get ready for school and missed the BIG fall...lol
Ghost Rider - WWTBMD?
  • #155,862
  • Aug 6, 2009 10:45am Aug 6, 2009 10:45am
Quoting skerdi-meta
Hey dudes/gals what's up?

ANY OF YOU GOT A CONFIDENCE PROBLEM (iN TRADING FX)?

i GOT A BIG 1. IF I TRADED ALL TRADES i SEEN THIS LAST 2-3 WEEKS i'D HAVE MADE ABOUT 1000 PIPS......, OR EVEN MORE
INSTEAD I GOT IN ONLY A FEW TIMES MAKING ABOUT 100 DIRTY PIPS

ANY1 GOT A SUGGESTION ON CONFIDENCE GAINING?
Self deception works for me - my mother said I was cleverer than anyone else, and I hang onto that thought despite all evidence to the contrary

ps long stopped out for a few bob loss
  • #155,863
  • Aug 6, 2009 10:46am Aug 6, 2009 10:46am
Quoting ams
Chris, buddy hope your SL is not before 67500, as it will touch 67700-7600 atleast in few mins.....might go to 500 as well but reverse then

LOL...nope, I had a 10 pip stop on her and a very samll position. PA was looking funky enough to me to figure it could drop some more. Stopped out as I've been typing here...LOL

Anyway, back to trading
Ghost Rider - WWTBMD?
  • #155,864
  • Aug 6, 2009 10:52am Aug 6, 2009 10:52am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
it's alright not too much of a headache then...well time for reversal at least 50 pips....




Quoting albchr
LOL...nope, I had a 10 pip stop on her and a very samll position. PA was looking funky enough to me to figure it could drop some more. Stopped out as I've been typing here...LOL

Anyway, back to trading
  • #155,865
  • Aug 6, 2009 10:53am Aug 6, 2009 10:53am
Quoting albchr
Yeah, those bug eyes were starting to creep me out...

I have a small long at 6798 with a tight stop. Not much PA to work with right now but I've been digging a few pips out of the muck. Thought we might be in for a bit retrace before the next fall but....

Yeah, I put my useless 2 cents in on the out of taste, and flat out wrong comments of this morning...
looks like BOE-QE shock sits deep in the mkt, trying to test the stops...for now I'm keeping my longs warm...last loaded just below the figure...
Hear the music before the song is over ...
  • #155,866
  • Aug 6, 2009 10:56am Aug 6, 2009 10:56am
will it stop at 1.6700 ...............................
  • #155,867
  • Aug 6, 2009 11:02am Aug 6, 2009 11:02am
Depends on how bullish it is...just look at the bands..
  • #155,868
  • Aug 6, 2009 11:05am Aug 6, 2009 11:05am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Long term it will just go up and up.
Short term, might go to 67000 and 66000.....

If people on this forum (including me) knew the answer they would be millionare by now and wouldn't be trading on this forum :-)


For now, keep an eye on 67500 then it will retrace back...A BIT



Quoting zameer
will it stop at 1.6700 ...............................
  • #155,869
  • Edited 11:15am Aug 6, 2009 11:09am | Edited 11:15am
Quoting allserene
self deception works for me - my mother said i was cleverer than anyone else, and i hang onto that thought despite all evidence to the contrary

ps long stopped out for a few bob loss

cheers man, i'll work on that
  • #155,870
  • Aug 6, 2009 11:11am Aug 6, 2009 11:11am
.6740ish might be a bit of resistance, and then if it doesnt hold 6700 might come 2 pounds rescue
  • #155,871
  • Aug 6, 2009 11:20am Aug 6, 2009 11:20am
Quoting skerdi-meta
.6740ish might be a bit of resistance, and then if it doesnt hold 6700 might come 2 pounds rescue
6730 or 6663 or 6617.... i guess 6730
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #155,872
  • Aug 6, 2009 11:22am Aug 6, 2009 11:22am
back in long 6769

hope this s/l doesnt get whacked - 6750 - that's tight - it's as tight as a crab's bottom - and that's water tight
  • #155,873
  • Aug 6, 2009 11:27am Aug 6, 2009 11:27am
Looks like the move is done temporarily .. may see some short covering into the close .. imo .. ( Be done for the day and come back the next day, people )
  • #155,874
  • Aug 6, 2009 11:28am Aug 6, 2009 11:28am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
if you can make it 67300, 67700 is a good place for long entry..I have a doubt it will go upto 683xxx before falling again to 6700 or perhaps 6600 ..... which is far too stretched for me...




Quoting allserene
back in long 6769

hope this s/l doesnt get whacked - 6750 - that's tight - it's as tight as a crab's bottom - and that's water tight
  • #155,875
  • Aug 6, 2009 11:28am Aug 6, 2009 11:28am
OK...my long position's running @ AvgPrc of 1.6805 right now...chart below shows I'm playing the false TL Brk theme....
Attached Image
Hear the music before the song is over ...
  • #155,876
  • Aug 6, 2009 11:29am Aug 6, 2009 11:29am
Quoting PatrickDDM
lol yeah, i think everyone just get on cable to see what is the inside scoop !
yes
after beaten :-))
  • #155,877
  • Aug 6, 2009 11:29am Aug 6, 2009 11:29am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
traders sometimes eat food as well mktjong, I know they are famous for eating money and sucking blood ....



Quoting mktjong
Looks like the move is done temporarily .. may see some short covering into the close .. imo .. ( Be done for the day and come back the next day, people )
  • #155,878
  • Aug 6, 2009 11:31am Aug 6, 2009 11:31am
Quoting ams
traders sometimes eat food as well mktjong, I know they are famous for eating money and sucking blood ....
yeah ..Vampire .. lol
  • #155,879
  • Aug 6, 2009 11:35am Aug 6, 2009 11:35am
Quoting ams
Long term it will just go up and up.
Short term, might go to 67000 and 66000.....

If people on this forum (including me) knew the answer they would be millionare by now and wouldn't be trading on this forum :-)


For now, keep an eye on 67500 then it will retrace back...A BIT

why will it go up and up

Uk in worse condition than US ...local tescos opened for 300 job there were 4000 applicaants at grocerty store... who the hell really wants to work at a grocery store for min wage , obvously the 4000 people that are unemplyed and will take anything.

Look at daily .. up move was cooked .... it was going up on declining volume.

Maybe the rumour that BOE was stopped QE was false ..lol ..no they would not put that out there to manipulate price upwards ?

really not much bullish if weekly ends on this doji .

I said earlier in week 1.7000 and a peak above for bull trap ...before drop

bear div rsx daily and weekly , weak up move ( no volume behind it) ...will be interesting going forward into mid August

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Blogging daily now at www.volume.zone
  • #155,880
  • Aug 6, 2009 11:40am Aug 6, 2009 11:40am
Will this 38.2 fib is a stop? Give 1/8 lot try first.
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Pride of opinion is a characteristic of losing traders
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