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Cable Update (GBPUSD)

  • #180,981
  • Nov 5, 2009 6:42am Nov 5, 2009 6:42am
Hi DubaiFX,
have he same style with ultra wide sl, joined the short side now but spread the risk on gbp/usd and eur/gbp.
regards
  • #180,982
  • Nov 5, 2009 6:42am Nov 5, 2009 6:42am
I think everybody should be very careful now before opening any position. We should all look towards the news coming out of the US now which is the Unemployment Claims, Prelim Nonfarm Productivity q/q and the Prelim Unit Labor Costs q/q. I think they would be the one that will determine if the GBP/USD will still move up futher or will come down.

What did you think about my suggestion now? Please I want to read from you. I am waiting for responses.
  • #180,983
  • Nov 5, 2009 6:44am Nov 5, 2009 6:44am
now it is 6630

I swear too god if I dont tuch 6515-20
I never trade more.

I want too see GU 6515-15 before end of this week even 6480
  • #180,984
  • Nov 5, 2009 6:47am Nov 5, 2009 6:47am
Quoting Wincent
now it is 6630

I swear too god if I dont tuch 6515-20
I never trade more.

I want too see GU 6515-15 before end of this week even 6480
Come on, dont be so down. i'm on red now from my short, i closed few lot which i enter on a bad number. the other still open. even i add small lot @1.6610.. we will get this thing down. am sure.

1.6620 provide a very good resistance. it will not be that easy...
  • #180,985
  • Nov 5, 2009 6:49am Nov 5, 2009 6:49am
Hello,
Sorry for those in shorts.
My bias now is long. But i think there will be brief moment for the market to adjust b4 final take off! .....am on board already but not comfortable yet.
  • #180,986
  • Nov 5, 2009 6:49am Nov 5, 2009 6:49am
Short GU at 1.6600. 1st Target 1.6480, 2nd 1.6320, 3rd 1.6220.

It needs some time to reach.

Good trading for all.
No Signal, No Trade. No fundamenals, No headache.
  • #180,987
  • Nov 5, 2009 6:52am Nov 5, 2009 6:52am
Quoting Wincent
now it is 6630

I swear too god if I dont tuch 6515-20
I never trade more.

I want too see GU 6515-15 before end of this week even 6480
Why swearing, SL protect you if you are wrong and opportunities in Forex are many. lol. A plan could function as it could fail. Even bigs could be wrong. Protect your money, that's the first target, profits will come after.
No Signal, No Trade. No fundamenals, No headache.
  • #180,988
  • Nov 5, 2009 6:53am Nov 5, 2009 6:53am
Quoting The K
hedging?

there are still people doing "hedging" on the same pair?

lol.
And what's wrong with that? I have been for a while now and I'm handsomely ahead. I trade the major releases such as BOE, FED, RBA, NFP.
  • #180,989
  • Nov 5, 2009 6:55am Nov 5, 2009 6:55am
http://www.forexfactory.com/showthre...09#post3210709

gang I think we will hit 1.6740 this week, then retrace, then test the 1.6960 area into next week.

P.S. new on this forum, will learn how to post charts, look at your H4 & D1
time frames to see if this makes any sense.

just my humble opinion
  • #180,990
  • Nov 5, 2009 6:56am Nov 5, 2009 6:56am
Quoting Wincent
now it is 6630

I swear too god if I dont tuch 6515-20
I never trade more.

I want too see GU 6515-15 before end of this week even 6480
Hello Dear,
If it goes up i gain
If it goes down u recover and probably gain
After all- it goes up....and comes down!!!
www.70yrsforexfocus.blog.com
  • #180,991
  • Nov 5, 2009 6:56am Nov 5, 2009 6:56am
Quoting DubaiTrader
And what's wrong with that? I have been for a while now and I'm handsomely ahead. I trade the major releases such as BOE, FED, RBA, NFP.
its the worse way of closing and then opening another trade... thats why
  • #180,992
  • Nov 5, 2009 6:56am Nov 5, 2009 6:56am
Quoting fx local
went long after inital spike, it set up for further ground, may well test 16665/16700 if not then we back in range,

25 billion + hawkish talk on inflation

big stops touted above 16630 therefore could see fast move
as i said last month and i am saying again COMMENTS CAN'T CHANGE THE FUNDAMENTALS
we will see 16000 in couple of days
do u remember UK GDP

and UK eonomy is worse then it was in 1930's

http://www.forexfactory.com/showthre...61#post3084661
Don't compare your Trades with Others
  • #180,993
  • Nov 5, 2009 6:57am Nov 5, 2009 6:57am
Quoting The K
its the worse way of closing and then opening another trade... thats why
I open both a long and short 30 seconds pre release with an SL of 20-25 pips. As long as I get a clean move of 26 pips or more I'm in profit. It's working for me and I'll continue to do so. Thanks for the info though
  • #180,994
  • Nov 5, 2009 6:57am Nov 5, 2009 6:57am
Quoting DubaiFX
after BOE minutes i am still bearish

im shorting again 16425
i know it may go against me maybe much more then i think
but i am bearish and 160XX is still there and next month maybe 15500
BOE minutes cant change the fact that economy is getting worse.
ppl will realise soon ...

happy pips to all..

COMMENTS CANT CHANGE THE FUNDAMENTALS
GUYS be carefull..

happy pips to all
Don't compare your Trades with Others
  • #180,995
  • Nov 5, 2009 6:58am Nov 5, 2009 6:58am
Btw, maybe many people asking why there are some persistent bastard who's trying to short this thing while everything is looking to the sky..

for me, the 1.6600 -16700 provide a very good resistance, if u see your chart, it looked very tidy, with the limit of that area, and there is a head reaching 1.7 area. yes, the 1.6250 level is strong too.

And finally my and everybody's powerful TL here u go.see how it reacts?? Could u see it??

PS: i could be wrong, dont follow, pretty dangerous. really. as i put some part of gambling by picking a top.. dont do that.. you will be wiped out. Picking top is not good.. LOL..
Attached Image
  • #180,996
  • Nov 5, 2009 7:02am Nov 5, 2009 7:02am
4H will give su bette idea where GU might move..

See the chart

Choose.Wisely
Attached Image (click to enlarge)
Click to Enlarge Name: gu 4h macd.gif Size: 24 KB
Don't compare your Trades with Others
  • #180,997
  • Nov 5, 2009 7:04am Nov 5, 2009 7:04am
Quoting mloistianto
Btw, maybe many people asking why there are some persistent bastard who's trying to short this thing while everything is looking to the sky..

for me, the 1.6600 -16700 provide a very good resistance, if u see your chart, it looked very tidy, with the limit of that area, and there is a head reaching 1.7 area. yes, the 1.6250 level is strong too.

And finally my and everybody's powerful TL here u go.see how it reacts?? Could u see it??

PS: i could be wrong, dont follow, pretty dangerous. really. as i put some part of gambling by picking a top.....

How on earth do you cope with a chart like that?! Keep it simple imo.
  • #180,998
  • Nov 5, 2009 7:05am Nov 5, 2009 7:05am
CANT CHANGE THE FUNDAMENTALS

Hi - I respect your opinion and am strictly a tech trader, but you have to consider both sides of the equation. I wouldn't have an idea regarding economics so I leave it to the experts. According to them it's 6-3 to the pound. ...http://www.learningmarkets.com/index...-analysis.html

What an outstanding F1 race you guy's put on last week - rrrespect!
I've got my pips - go get yours!
  • #180,999
  • Nov 5, 2009 7:05am Nov 5, 2009 7:05am
i feel the difference in short or long sometime's is just the time frame that person is trading
  • #181,000
  • Nov 5, 2009 7:13am Nov 5, 2009 7:13am
Quoting ams
I wasn't mad after all.

Going short now with wide stop loss!


ams

Hope we're right bro. Seems to be hanging up here don't it? LOL
Ghost Rider - WWTBMD?
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