by the way thats what king wanted the as h
Cable Update (GBPUSD)
- #169,162
- Sep 24, 2009 7:48pm Sep 24, 2009 7:48pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
I still think we are going further south on this train! Maybe not yet, but...
I know you don't like it but check out the M1. At the top the patterns were similar to what is forming now, then south, south again.
Perhaps LDN will be retrace? If it breaks up too much, that should be a signal up/ likewise down. I could be wrong.
Only thing that comforts the long positions is the small support from the 22nd to the 26th of May which is holding up. Other than that there isn't anything else that could stop cable from tanking deeper, except if you're gonna trade with the notion that cable had done a 400 and it MUST retrace. Complete rubbish to think that way btw.
That being said I am long off 5917 with a tight stop @5890 basing the trade off the support & the over 200+ pips hedge on euro to cushion the blow. It's a gamble on my part, but since I can't lose anyway, why not
Okay be back london session. Good luck to you sir
Thank You
- #169,163
- Sep 24, 2009 7:54pm Sep 24, 2009 7:54pm
Thanks WB. I see your Target got hit too. Nice to see we're on the same page here, dispite what happened some weeks ago.
Trade well.
Trade well.
lol he's still around? someone said I'm gonna need a loan not too long ago .. how about some humble pie
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- #169,164
- Sep 24, 2009 7:57pm Sep 24, 2009 7:57pm
- Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
- #169,165
- Sep 24, 2009 7:58pm Sep 24, 2009 7:58pm
Yes, but don't rule out the pullback from around 1.57915 / 1.57389, back to 1.60 levels before it head back to test lower levels. To assume 1.47 ish levels is too early to say.
Trade well.
Trade well.
we still could see a 1.47 before we break1.465 level...
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- #169,166
- Sep 24, 2009 7:59pm Sep 24, 2009 7:59pm
yet being the operative word?
Don't let your emotions get in the way just cos you don't like me. Or you will blow out your account.
Don't let your emotions get in the way just cos you don't like me. Or you will blow out your account.
who gives a shit ..
btw I have not blown up my account yet ....
PM Me If You Need Help!
- #169,167
- Sep 24, 2009 8:03pm Sep 24, 2009 8:03pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
yet being the operative word?
Don't let your emotions get in the way just cos you don't like me. Or you will blow out your account.
nostly i day trade , but last 2 weeks have been trying a bit more swing trading as was getting frustrated missing out on a few hundred pi moves
DJ and I have been doing very well on gu
Blogging daily now at www.volume.zone
- #169,171
- Sep 24, 2009 8:11pm Sep 24, 2009 8:11pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
Maybe, maybe not.
Only thing that comforts the long positions is the small support from the 22nd to the 26th of May which is holding up. Other than that there isn't anything else that could stop cable from tanking deeper, ............but since I can't lose anyway, why not
Okay be back london session. Good luck to you sir
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #169,173
- Sep 24, 2009 8:14pm Sep 24, 2009 8:14pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #169,175
- Sep 24, 2009 8:19pm Sep 24, 2009 8:19pm
- | Joined Jul 2008 | Status: Clear Cut System Trader | 1,111 Posts
- #169,177
- Edited 8:44pm Sep 24, 2009 8:24pm | Edited 8:44pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #169,179
- Sep 24, 2009 9:14pm Sep 24, 2009 9:14pm
- | Commercial User | Joined Feb 2008 | 7,914 Posts
The finest tool in the world still needs a MAN who KNOWS how to use it.
- #169,180
- Sep 24, 2009 9:26pm Sep 24, 2009 9:26pm
- Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts