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Cable Update (GBPUSD)

  • #159,561
  • Aug 20, 2009 6:21am Aug 20, 2009 6:21am
Quoting GlobalMacro
I know you are laughing your way to the bank
You were loading up shorts heavy when everyone was going long yesterday. Excellent trading bro
Thank You
  • #159,562
  • Aug 20, 2009 6:21am Aug 20, 2009 6:21am
Quoting colbru
when are the pros here taking profit...?
looks like a good time NOW!
I can see no technical reason to get out, there is an emotional one if you are ahead.
  • #159,563
  • Aug 20, 2009 6:22am Aug 20, 2009 6:22am
Quoting wormboy
I know you are laughing your way to the bank
You were loading up shorts heavy when everyone was going long yesterday. Excellent trading bro

I WON
  • #159,564
  • Aug 20, 2009 6:24am Aug 20, 2009 6:24am
I would say around 1.642x but hey am aiming for yesterday's low

need to recover all my loss from this morning !! still -20pips
Lets Soar The Sky
  • #159,565
  • Aug 20, 2009 6:25am Aug 20, 2009 6:25am
Quoting Faryad
I WON
That makes the both of us! lol
Thank You
  • #159,566
  • Aug 20, 2009 6:25am Aug 20, 2009 6:25am
Quoting wormboy
I was stuck in a meeting bro. Just got back to my workstation.
How are the trades coming?
2 Words "BEER MONEY"
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #159,567
  • Aug 20, 2009 6:26am Aug 20, 2009 6:26am
Quoting wormboy
I was stuck in a meeting bro. Just got back to my workstation.
How are the trades coming?
Hi WB its all comeing together for me, I suspect there is more to the downside yet, news at 00 30 hrs local time ( 08 30 EST) here may change things. I plan still to be in the game with a wide stop. time will tell....
  • #159,568
  • Aug 20, 2009 6:26am Aug 20, 2009 6:26am
To all my seniors and fellow traders in here going short....Whats your TP.....Can we have each other TP view(s)?


I believe helping make others better will only make you better likewise!
  • #159,569
  • Aug 20, 2009 6:28am Aug 20, 2009 6:28am
Quoting wormboy
I know you are laughing your way to the bank
You were loading up shorts heavy when everyone was going long yesterday. Excellent trading bro
lol...yea...I think we don't have to worry about the space in that car this time...only you, BB and me...lol

now where is that dancing bear...bring it on...
Hear the music before the song is over ...
  • #159,570
  • Aug 20, 2009 6:28am Aug 20, 2009 6:28am
Quoting Bull_Bear
2 Words "BEER MONEY"
lol excellent!
Thank You
  • #159,571
  • Aug 20, 2009 6:28am Aug 20, 2009 6:28am
Quoting qp2
I can see no technical reason to get out, there is an emotional one if you are ahead.
The ascending TL and the horizontal resistance are not a good reason?

I''m asking...

Thanks for your feedback
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  • #159,572
  • Aug 20, 2009 6:29am Aug 20, 2009 6:29am
Heres news to all the shorties.... cable weakness across the board
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #159,573
  • Aug 20, 2009 6:29am Aug 20, 2009 6:29am
Quoting qp2
Hi WB its all comeing together for me, I suspect there is more to the downside yet, news at 00 30 hrs local time ( 08 30 EST) here may change things. I plan still to be in the game with a wide stop. time will tell....
yup, don't worry there's no breakout to the topside anyway, your short position is safe methinks
Thank You
  • #159,574
  • Aug 20, 2009 6:30am Aug 20, 2009 6:30am
Quoting topestyles
To all my seniors and fellow traders in here going short....Whats your TP.....Can we have each other TP view(s)?


I believe helping make others better will only make you better likewise!
6380 tp 1.
6165 tp 2.

I'm not a senior, just want to share
Thank You
  • #159,575
  • Aug 20, 2009 6:32am Aug 20, 2009 6:32am
Quoting GlobalMacro
lol...yea...I think we don't have to worry about the space in that car this time...only you, BB and me...lol

now where is that dancing bear...bring it on...
faryad & paul too! lol it's crammed up trust me. the lot of you need to get in the trunk before that bear gets pissed off lol

Cesar has that dancing bear!
Thank You
  • #159,576
  • Aug 20, 2009 6:32am Aug 20, 2009 6:32am
Quoting wormboy
lol excellent!
I had to borrow your magic button today
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #159,577
  • Aug 20, 2009 6:38am Aug 20, 2009 6:38am
its retraced back up a bit.. Shld i be thinkin about a short now...?

im late in the game... but pros.. i need your advice!
  • #159,578
  • Aug 20, 2009 6:42am Aug 20, 2009 6:42am
Quoting GlobalMacro
lol...yea...I think we don't have to worry about the space in that car this time...only you, BB and me...lol

now where is that dancing bear...bring it on...
Who's driving? I know one thing, I'm drinking....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #159,579
  • Aug 20, 2009 6:43am Aug 20, 2009 6:43am
Quoting $maker
its retraced back up a bit.. Shld i be thinkin about a short now...?

im late in the game... but pros.. i need your advice!
I'm no pro! but I exited my shorts at 60.
I reenter at 90 if it gets there...
  • #159,580
  • Aug 20, 2009 6:44am Aug 20, 2009 6:44am
Quoting colbru
The ascending TL and the horizontal resistance are not a good reason?

I''m asking...

Thanks for your feedback
Many thanks for that, it puts as you say reason into the question.

I actually buy it, to a degree as I have sold 1/2 and am waiting to see if its worth shorting again. I try to wait for a reverse signal for an exit, or if there is a parabolic curve on the smaller time frames 5-15 minutes, and I feel if this keeps going logic says it will be on the moon in 2 hours. This being unsustainable maybee its time to get out.

I also look at levels, 50 and 100's are important, will it bounce off will it go through....I hope this answers the question. Very descretionary sums it up..
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