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Cable Update (GBPUSD)

  • #168,681
  • Sep 24, 2009 5:11am Sep 24, 2009 5:11am
Quoting albchr
Hey DT, There are times I really wish I could trade both directions at once. This is one of them....LOL

Oh yes, the US hedging rules, 2 choices bro:


1. Open 2 seperate accounts with 2 different brokers or:

2. Move to the UK and get the beers in! lol
  • #168,682
  • Sep 24, 2009 5:13am Sep 24, 2009 5:13am
Quoting wormboy
lol, so where is my bullish in law GM is hiding?

Dear BearOnly-In-Law....I hate to break it to you time and time and time again....lol

I exited my longs early this morning and booked profits at 1.6374 for +160 pips

http://www.forexfactory.com/showpost...stcount=168530


and am now short from 1.6233 in greens +50 pips

http://www.forexfactory.com/showpost...stcount=168578


Sorry to disappoint your mono-bear-gamist a$$....

I think you took it too far with mono-bear-gamy and now you've become NO-NO-gamist....lol

but...hey...chin up....there is always the M1-chart you can pull up and watch...
Hear the music before the song is over ...
  • #168,683
  • Sep 24, 2009 5:14am Sep 24, 2009 5:14am
Quoting Bull_Bear
GT how doin mate? Looks like she's slowing down for a breather before another wave to the low TL support.

All good mate, yes looks like either stalling followed by a quick retracement for another entry or will just fall through this level...to be honest looks like it might just collapse...watching closely ATM.

How you doing? I see you have made some good pips/beer money bro
  • #168,684
  • Sep 24, 2009 5:16am Sep 24, 2009 5:16am
Quoting GlobalMacro
Dear BearOnly-In-Law....I hate to break it to you time and time and time again....lol

I exited my longs early this morning and booked profits at 1.6374 for +160 pips

http://www.forexfactory.com/showpost...stcount=168530


and am now short from 1.6233 in greens +50 pips

http://www.forexfactory.com/showpost...stcount=168578


Sorry to disappoint your mono-bear-gamist a$$....

I think you took it too far with mono-bear-gamy and now you've become NO-NO-gamist....lol

but...hey...chin...
GM you MUG, where you been bro?... welcome to the short side.... Guess theres no more trash talk for the time being.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #168,685
  • Sep 24, 2009 5:17am Sep 24, 2009 5:17am
Quoting direct-trade
All good mate, yes looks like either stalling followed by a quick retracement for another entry or will just fall through this level...to be honest looks like it might just collapse...watching closely ATM.

How you doing? I see you have made some good pips/beer money bro
PLUS the BEER from you when we get to 1.6000 will be the sweetest
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #168,686
  • Sep 24, 2009 5:18am Sep 24, 2009 5:18am
Quoting alexandru987
Well, let`s say all the retail market is long(or at least most of it).

Now we all know most traders in the retail market lose monet due to poor money management. In short, a sudden 100-200 pips move will wipe a lot of accounts while the remaining ones will bleed.

How does this help them? When you are long and get stopped out, they buy what you sell, giving them better profit. They are not that afraid, as they have the money to influence the market, while we don`t. And when you want to buy but there isn`t anyone selling, you just manipulate the...
The so-called "big boys" (the likes of DB, UBS, Citi, BARC, GS, HSBA) could not give a shit about retail traders, of that there is no doubt, given the gigantial size of the FX market and the tiny proportion of that daily turnover comprising of retail flows.
  • #168,687
  • Sep 24, 2009 5:20am Sep 24, 2009 5:20am
This has been such a strong downward movement, and all through pound weakness.

If the dollar rebounds aswell then there should be no stopping it.

It's looking like it's going to make a decent attack on the support line, what do you reckon, 4th time's the charm?
  • #168,688
  • Sep 24, 2009 5:20am Sep 24, 2009 5:20am
Quoting direct-trade
Oh yes, the US hedging rules, 2 choices bro:


1. Open 2 seperate accounts with 2 different brokers or:

2. Move to the UK and get the beers in! lol
LOL...Option #1 is what I want to do when and "if" I ever have enough to do it with. But Unless I shrug off proper mm and start taking some serious risks, I fear it will take years to get there....
Ghost Rider - WWTBMD?
  • #168,689
  • Sep 24, 2009 5:21am Sep 24, 2009 5:21am
Quoting GlobalMacro
Dear BearOnly-In-Law....I hate to break it to you time and time and time again....lol

what? my bull in law trade both ways and only manage 210 pips?bahahahahaha I can do that with my hand tied behind my back pushing one button boooooooooooooo

that's how it's done:
http://www.forexfactory.com/showpost...postcount=3069

ooopps
Thank You
  • #168,690
  • Sep 24, 2009 5:22am Sep 24, 2009 5:22am
Quoting spintrader
This has been such a strong downward movement, and all through pound weakness.

If the dollar rebounds aswell then there should be no stopping it.

It's looking like it's going to make a decent attack on the support line, what do you reckon, 4th time's the charm?
Agreed, 100%.

We're trading in a range with cable, 6110-6750, which obviously has to break eventually.

In my mind, the combination of the unfolding fundamentals and deteriorating market sentiment towards sterling, makes a downside break of that range seem the FAR more plausible scenario.
  • #168,691
  • Sep 24, 2009 5:24am Sep 24, 2009 5:24am
Quoting Bull_Bear
PLUS the BEER from you when we get to 1.6000 will be the sweetest


I'm sure you'll let me know if we get to 16000 , I'll certainly let you know when we hit 170 lol
  • #168,692
  • Sep 24, 2009 5:26am Sep 24, 2009 5:26am
Worth checking this out.

H&S about to be triggered in cable, target as low as 1.50

GJ triggering a double top with target as low as 130
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  • #168,693
  • Sep 24, 2009 5:27am Sep 24, 2009 5:27am
Quoting albchr
LOL...Option #1 is what I want to do when and "if" I ever have enough to do it with. But Unless I shrug off proper mm and start taking some serious risks, I fear it will take years to get there....
Damn, I though you might take option 2, move to the UK and buy the beers. Never mind, I'm sure BB will get them in when we hit 170 lol.

BTW, Good MM is essential, good choice.
  • #168,694
  • Sep 24, 2009 5:27am Sep 24, 2009 5:27am
crap that's 25 pips missed! OI! get back up here!
Thank You
  • #168,695
  • Sep 24, 2009 5:28am Sep 24, 2009 5:28am
Quoting traderfx
we should see 1.6135
come on baby make me explode.
  • #168,696
  • Sep 24, 2009 5:28am Sep 24, 2009 5:28am
Quoting direct-trade


I'm sure you'll let me know if we get to 16000 , I'll certainly let you know when we hit 170 lol
Dame 1.7000 seems soooo soooooo sooooooo sooooooooo far away.

Its been quite a battle, I'm sure you won't put your swords down until the end.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #168,697
  • Sep 24, 2009 5:29am Sep 24, 2009 5:29am
Quoting cesarnc
Worth checking this out.

H&S about to be triggered in cable, target as low as 1.50

GJ triggering a double top with target as low as 130
Edit: Sorry cesarnc, thought you were someone else bro..
  • #168,698
  • Sep 24, 2009 5:29am Sep 24, 2009 5:29am
Quoting cesarnc
Worth checking this out.

H&S about to be triggered in cable, target as low as 1.50

GJ triggering a double top with target as low as 130
lol cesar sees 5000, that's 300 lower than my 5300.
Bring that dancing bear over bro
Thank You
  • #168,699
  • Sep 24, 2009 5:31am Sep 24, 2009 5:31am
Quoting wormboy
crap that's 25 pips missed! OI! get back up here!
No way dude, I'm getting my 6130 first....
Ghost Rider - WWTBMD?
  • #168,700
  • Sep 24, 2009 5:31am Sep 24, 2009 5:31am
Quoting direct-trade
Edit: Sorry cesarnc, thought you were someone else bro..
it don't look good for him
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