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Cable Update (GBPUSD)

  • #179,401
  • Oct 28, 2009 8:38am Oct 28, 2009 8:38am
channels again, guess I'm in the minority. Just closed my long.
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  • #179,402
  • Oct 28, 2009 8:40am Oct 28, 2009 8:40am
Im getting the horrible impression that my luck has not improved...my stop is 407...if that gets taken then, well then thats me out.

And thats me runnning out of ideas...
  • #179,403
  • Oct 28, 2009 8:43am Oct 28, 2009 8:43am
Quoting antic81
Im getting the horrible impression that my luck has not improved...my stop is 407...if that gets taken then, well then thats me out.

And thats me runnning out of ideas...
has nothing to do with luck....These moves are simply not tradable, my friend.....all noise till later....you need to be patient and sit out...

Trade Well!


P/S: how is your commercial license coming along?
Hear the music before the song is over ...
  • #179,404
  • Oct 28, 2009 8:44am Oct 28, 2009 8:44am
Quoting TerpFan2
P.A. and the (now) Stinking Dow...

May all determine it...
Here are two charts together on Paint.
Laugh
as you may, @the 4xme -i care not.
Just another way / viewpt. on looking at things.

All this drives home your pt Java,
above... this is all flurries of action till either way.
Let's see what happens-

Jeff
But even we.....may be wrong...lol
Non licet omnibus adire Corinthum
  • #179,405
  • Oct 28, 2009 8:49am Oct 28, 2009 8:49am
Look at GBP index...
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  • #179,406
  • Oct 28, 2009 8:49am Oct 28, 2009 8:49am
LOL. what a bull's power. hate it really.. Yes simply untradeable. until my trade closed, @1.6428 and 1.6419 then i'm still on.. Good luck for us who short.. This is a massive Head and shoulder. i believe we should complete this pattern in no time..
  • #179,407
  • Oct 28, 2009 8:51am Oct 28, 2009 8:51am
Damn, Thats Some Kinda bull Run...

Sadly sat this ride out...

Just crossed the 24ma on the 4hr, first breach since we collapsed....


Gunna sit n watch fer a while, seems to be only hurt in the market right now...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #179,408
  • Oct 28, 2009 8:52am Oct 28, 2009 8:52am
With this PA,
True!

It could've been a fake out to the downside
as well, to draw us all in. -We'll see...

As Global said, "Patience"...
-It's hard if you're down 50 pips or so!
The Pound can run anywhere, that's for sure.
Best of "Pipping", off to making the donuts,
The other way,

Jeff
I will work to Objectively Identify my Edges
  • #179,409
  • Oct 28, 2009 8:54am Oct 28, 2009 8:54am
GBP broke up...
Attached Image (click to enlarge)
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  • #179,410
  • Oct 28, 2009 8:54am Oct 28, 2009 8:54am
I see the big vol...looks like big boys loading up Short..after eating up newbie Long's stop ...

Sonic
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  • #179,411
  • Oct 28, 2009 8:57am Oct 28, 2009 8:57am
push it up to bring it down, isnt it 2+2=5-1 lol
  • #179,412
  • Oct 28, 2009 8:59am Oct 28, 2009 8:59am
Quoting antic81
Im getting the horrible impression that my luck has not improved...my stop is 407...if that gets taken then, well then thats me out.

And thats me runnning out of ideas...
Hello Antic,

Have you spent any time in the 'trade what you see not what you expect thread'?

There's a lot of extremely useful info there that you might find helpful. It's helped me to look out for reversals at key areas - like yesterdays low, which is where we reversed today.

Also, and this is from my own observations and not yet proven through the test of time - if you drew the range this morning it was in the middle of yesterdays price range. It seems that when this happens, the previous days highs and lows are important to watch for potential reversals which go right back across the asian range and maybe further. Which is just what it's doing now.


Alison
  • #179,413
  • Oct 28, 2009 9:05am Oct 28, 2009 9:05am
Hmm.. i Never trading according to the news. any explanation for this kind of news?
  • #179,414
  • Oct 28, 2009 9:06am Oct 28, 2009 9:06am
Quoting frito
GBP broke up...
Ok now GBP got below the break out line
  • #179,415
  • Oct 28, 2009 9:06am Oct 28, 2009 9:06am
welcome back dollar bulls
Thank You
  • #179,416
  • Oct 28, 2009 9:06am Oct 28, 2009 9:06am
my germany news service realesed that us homesales unexpected dropped to 402.000 -3,6% .
just readed it no guarantee

http://www.godmode-trader.de/nachricht/,a1925345.html
  • #179,417
  • Oct 28, 2009 9:07am Oct 28, 2009 9:07am
Looks like the LTL that became the UTL is back to being the LTL....

CRIPES!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #179,418
  • Oct 28, 2009 9:08am Oct 28, 2009 9:08am
Quoting GlobalMacro
has nothing to do with luck....These moves are simply not tradable, my friend.....all noise till later....you need to be patient and sit out...

Trade Well!


P/S: how is your commercial license coming along?
Well said GM.....

'Antic81' you can only load up the odds in your favour before executing a trade i.e. do your homework. If it dont work the way you want it, forget about it and move on to the next trade with a clear head.
  • #179,419
  • Oct 28, 2009 9:09am Oct 28, 2009 9:09am
Tough tough market conditions right now but I didn't cut my shorts on spike. This feels like a bull#### shakeout of weak shorts. imvho
"Timing Is Everything. Really I Swear It Is"
  • #179,420
  • Oct 28, 2009 9:10am Oct 28, 2009 9:10am
Quoting wormboy
welcome back dollar bulls
lol....brother....that stuff you're smoking must be real good... cable just fired up boosters 130 pips and you still feeling good....lol

heck....forget the beers....send me some of that stuff you're doing.....bro....
Hear the music before the song is over ...
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