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Cable Update (GBPUSD)

  • #162,141
  • Sep 1, 2009 3:47am Sep 1, 2009 3:47am
i booked 40pips and placed the other on break even till we see a new low or my stop ..

u see how forex changes when i go live...i was actually doing u lot a favour being on demo...

if u placed a pin just above the high of the dailly..u probably got stopped out......was a stop hunting exercise
  • #162,142
  • Sep 1, 2009 3:48am Sep 1, 2009 3:48am
Quoting Bull_Bear
Dame GM, this is a battle and a half...... looks like we like we all staying true to our plans.... lots of battles fought, no war won yet.

The bears is on lead as of now
My edge ===> Patience
  • #162,143
  • Sep 1, 2009 3:48am Sep 1, 2009 3:48am
Quoting Bull_Bear
Dame GM, this is a battle and a half...... looks like we like we all staying true to our plans.... lots of battles fought, no war won yet.
Oh yes my friend...the wars are won by winning the battles!

I already won the first battle yesterday from 1.6199 and cashed in at 1.6281.


This is the second battle we are fighting....

If it goes down...I'll be on it riding it....until then we're where we are...
Hear the music before the song is over ...
  • #162,144
  • Sep 1, 2009 3:49am Sep 1, 2009 3:49am
Damn hit + 8 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #162,145
  • Sep 1, 2009 3:50am Sep 1, 2009 3:50am
The writing is on the wall....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Daily.JPG Size: 112 KB
Click to Enlarge Name: 4H.JPG Size: 149 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #162,146
  • Sep 1, 2009 3:51am Sep 1, 2009 3:51am
Quoting maurofx
So am I...tet's see where it goes... Porfit taking area @1.6300??
Whta do you think?

Check out this post:

http://www.forexfactory.com/showpost...stcount=161917
Hear the music before the song is over ...
  • #162,147
  • Sep 1, 2009 3:54am Sep 1, 2009 3:54am
Quoting antic81
I see what you mean, had a look on the 4 hr, could be a nice engulfing candle, but still 76 mins left of that candle...so who knows.

Looking at the 5 min, not sure if it will be able to make a 50% retracement on the news release.

How far south are you expecting?

Hows the live account going?

To be honest I never traded a demo, do you find that trading live changes your psychology at all?
A new low ..that fact that we danced aroud so long..is a sign of a big fall..trading live is very different...first time i was shaking, now i can think straight but i exited a winning position....and thats a sign of weakness, i need to work on that!

at least 1.59 i think
  • #162,148
  • Sep 1, 2009 3:54am Sep 1, 2009 3:54am
Quoting bbmac
yeh price dropped further just ahead of the data on rumours then helped by the weak data, rumours correct lol..first decline on record re consumer lending

it wasnt a rumour its just reuters customers get data 2minutes before public release.
  • #162,149
  • Sep 1, 2009 3:55am Sep 1, 2009 3:55am
Quoting GlobalMacro
Check out this post:

http://www.forexfactory.com/showpost...stcount=161917
That's a good one...I think like you as well. So,let's not call it profit taking area...instead I'll tell you: Which is your sentiment on PA? lol
  • #162,150
  • Sep 1, 2009 3:56am Sep 1, 2009 3:56am
Quoting GlobalMacro
Oh yes my friend...the wars are won by winning the battles!

I already won the first battle yesterday from 1.6199 and cashed in at 1.6281.


This is the second battle we are fighting....

If it goes down...I'll be on it riding it....until then we're where we are...

Yup you called it from 1.6199, i was holding from 1.6330, so I have not lost as we stand.

You can win all the battles my friend, as long as I win the war
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #162,151
  • Sep 1, 2009 3:56am Sep 1, 2009 3:56am
what a drop, glad that I closed my position before the release. I am looking to sell. 1.625 is a support (intraday), it seems do u think it will break?
  • #162,152
  • Sep 1, 2009 3:58am Sep 1, 2009 3:58am
Quoting bbmac
[b][i]By Laurence Norman...

wow for the long term GBP this is very good news. People repaying debts rather than digging deeper hole - good for the future of the economy. people keep up the good work
  • #162,153
  • Sep 1, 2009 3:59am Sep 1, 2009 3:59am
Quoting lexazver
it wasnt a rumour its just reuters customers get data 2minutes before public release.

I am aware of a few companies that you pay roughly £150 per month for that kind of service, may be cheaper, I guess it could certainly be worth while if you trade news releases (personally I run away screaming, Im not there yet!)
  • #162,154
  • Sep 1, 2009 3:59am Sep 1, 2009 3:59am
Quoting Bull_Bear
Yup you called it from 1.6199, i was holding from 1.6330, so I have not lost as we stand.

You can win all the battles my friend, as long as I win the war

OK...I'm cool with that...
Hear the music before the song is over ...
  • #162,155
  • Sep 1, 2009 4:01am Sep 1, 2009 4:01am
Quoting maurofx
That's a good one...I think like you as well. So,let's not call it profit taking area...instead I'll tell you: Which is your sentiment on PA? lol
OK...I did say that I'm a buyer at 1.6260, right? so you could logically infer that my current sentiment is.......
Of course I'm watching PA very carefully!
Hear the music before the song is over ...
  • #162,156
  • Sep 1, 2009 4:02am Sep 1, 2009 4:02am
4hr chart is below, the previous swing hi=previous resistance=potential resistance that was co-existant with a 1hr prev sw hi zone and that 76.4% fib 6443-6151 is shown circled, this precipated the drop helped by the |Uk data. The downside obstacles re potential support=previous swing lows=previous support are also shown and a lot of these zones on the 4hr are co-existant with 1hr zones in respect of previous near term obvious imbalances of supp/dem and dem/supp.

G/L

http://i27.tinypic.com/epkncx.gif
ex member
  • #162,157
  • Sep 1, 2009 4:03am Sep 1, 2009 4:03am
Quoting Ben920FX
The bears is on lead as of now
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #162,158
  • Sep 1, 2009 4:05am Sep 1, 2009 4:05am
Quoting antic81
I am aware of a few companies that you pay roughly £150 per month for that kind of service, may be cheaper, I guess it could certainly be worth while if you trade news releases (personally I run away screaming, Im not there yet!)

well not only that, big money my sell on good or bad news or they can buy on good or bad news. alot of trading decisions nowadays based on models and in every bank they are different so really you dont know how the model going react to a change in any parameter.
  • #162,159
  • Sep 1, 2009 4:07am Sep 1, 2009 4:07am
What a drop was not able to join in that drop well still Beer Money for me lucky enough to close all long on time.
  • #162,160
  • Sep 1, 2009 4:07am Sep 1, 2009 4:07am
I am short at 1.626 SL 1.63 TP 1.62. I think the support at 1.625 won't hold. Let see.
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