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Cable Update (GBPUSD)

  • #181,281
  • Nov 6, 2009 5:46am Nov 6, 2009 5:46am
Quoting wormboy
all in the charts.

close above the inv shampoo neckline we're likely see 8000.
but that won't be today. but reaction around nfp release later will give a pretty clear idea whether the long term trend stays bearish or tilts bullish.

Good luck.
daily spotted as inverted shampoo, weekly spotted as a cup of coffee. What took you so long, it's time to join us on the bull party
we just start the party two weeks ago.

warm regard,
Bull
  • #181,282
  • Nov 6, 2009 5:49am Nov 6, 2009 5:49am
Please what should we be expecting from the news coming out from the US now. Should we trade. Please what are the signals to bepart of this great opportunity that is going to happen in the next one and half hour?
  • #181,283
  • Nov 6, 2009 5:50am Nov 6, 2009 5:50am
Quoting wormboy
A little something to share with the new guys :
http://www.forexfactory.com/showpost...postcount=3741
thanks wormboy,on stage two thats me http://cdn.forexfactory.com/images/icons/icon10.gif
Money is made by sitting, not trading. Jesse L. Livermore
  • #181,284
  • Nov 6, 2009 5:53am Nov 6, 2009 5:53am
I have a doubt on my chart as the posibility to go up or down is 50/50. Should i straddle and TP at both point...


p/s : sorry about the 2 white circles...
Attached Image (click to enlarge)
Click to Enlarge Name: guoct06.gif Size: 21 KB
Pride of opinion is a characteristic of losing traders
  • #181,285
  • Nov 6, 2009 5:53am Nov 6, 2009 5:53am
Quoting tundeakins
Please what should we be expecting from the news coming out from the US now. Should we trade. Please what are the signals to bepart of this great opportunity that is going to happen in the next one and half hour?

G/L
Attached Image
ex member
  • #181,286
  • Nov 6, 2009 6:01am Nov 6, 2009 6:01am
Quoting Geppyg
Before you guyst start having a go at these traders...
It is not going to make a difference to them at this point when they are under the phsychological stress of a loss. They posted as they needed help. I will never judge any trader in that position as 5 years ago i was in the same position and till date some times I take advice from some of my senior traders here on Forex factory...that does not make me a bad trader....

For new trader:
Be honest state your actual position and there are some good traders here that will actually help you .

BBmac...
agree... as a newbie i learn a lot from this forum tq so much traders....
  • #181,287
  • Nov 6, 2009 6:02am Nov 6, 2009 6:02am
Quoting need-help
Right now I have 2 longs at 1.6602 and another one at 1.6613.
The short are at 1.6428, 1.6470, 1690.
FF is more than a community. Its a family.
Thanx geppyg for all the support. And the rest of the traders too.
I think you said you use fsxol, how is that possible to hedge your position, till if it impossible after nfa s damn regulations and fifo rules?
Chief Member of 220 mph Riders Club...
  • #181,288
  • Nov 6, 2009 6:03am Nov 6, 2009 6:03am
Quoting Sedaka
I have a doubt on my chart as the posibility to go up or down is 50/50. Should i straddle and TP at both point...


p/s : sorry about the 2 white circles...
  • #181,289
  • Nov 6, 2009 6:07am Nov 6, 2009 6:07am
Quoting wormboy
Tau Trader, good stuff as always.
You have my vote of confidence. Keep it up brother
  • #181,290
  • Nov 6, 2009 6:07am Nov 6, 2009 6:07am
Quoting wormboy
A little something to share with the new guys :
http://www.forexfactory.com/showpost...postcount=3741
WOW... another invaluable post . Thanks, I love it.
This kind of post is more educating than posting system/analysis.
It will be very nice if everybody can post useful stuff like this.
  • #181,291
  • Nov 6, 2009 6:09am Nov 6, 2009 6:09am
Quoting bbmac
G/L
LOL - it never ceases to amaze me how little notice some people take of serious posts warning that is time to be on the sidelines - longer term or expert news traders excepted....
Trading Levels with WRBs
  • #181,292
  • Nov 6, 2009 6:11am Nov 6, 2009 6:11am
Quoting wormboy
all in the charts.

close above the inv shampoo neckline we're likely see 8000.
but that won't be today. but reaction around nfp release later will give a pretty clear idea whether the long term trend stays bearish or tilts bullish.

Good luck.


http://www.forexfactory.com/showpost...stcount=179172

http://www.forexfactory.com/showpost...stcount=179508
  • #181,293
  • Nov 6, 2009 6:12am Nov 6, 2009 6:12am
Quoting Warwick

Don't mean to be cynical again, but you must understand there is no optimism in trading, you must remain neutral in your thoughts. In forex a bias is akin to ego.

Good luck, peace.
Good post

Thank you for sharing this

Regards
  • #181,294
  • Nov 6, 2009 6:16am Nov 6, 2009 6:16am
Quoting grashid
Thnx mate...still hearing your voice talked to me this afternoon...
Pride of opinion is a characteristic of losing traders
  • #181,295
  • Nov 6, 2009 6:17am Nov 6, 2009 6:17am
wow. i did not open my trade for a day, and luckily my sl did not hit yet. my sl @ 1.6650. and i believe this will hold until the nfp, actually the worst part of US economics has been passed. and many people said that actually UK still under the recession and hit by the economic storm without a way out until now.

My view is US does not push the dollar to the bottom, but the weakening dollar is the reaction of stock and the cash flow of the government, US always try to avoid inflation blast that occured in 1960 if i'm not mistaken. Bernanke know that to avoid the inflation blast, we must not fill the government money needs with the reserve.

I dont know what i am saying. LOL. this is just an observation from a young and innocent boy. maybe i'm wrong. the point is USD will continue going Up. full stop.
  • #181,296
  • Nov 6, 2009 6:17am Nov 6, 2009 6:17am
Good day to you, Chris!

Are you in on a short position on GU?

Regards
  • #181,297
  • Nov 6, 2009 6:19am Nov 6, 2009 6:19am
It is possible if you use the fxsol UK version.
Quoting kanji
I think you said you use fsxol, how is that possible to hedge your position, till if it impossible after nfa s damn regulations and fifo rules?
  • #181,298
  • Nov 6, 2009 6:20am Nov 6, 2009 6:20am
Quoting Sedaka
Thnx mate...still hearing your voice talked to me this afternoon...
...Good luck mate
  • #181,299
  • Nov 6, 2009 6:20am Nov 6, 2009 6:20am
Quoting Islander
LOL - it never ceases to amaze me how little notice some people take of serious posts warning that is time to be on the sidelines - longer term or expert news traders excepted....

Yeh agree

My favoured tactic (simplistically put below) post nfp release if, and only if there is a clear direction taken by the market in reaction to it is to either

a. price goes up-sell first hi-and buy first pullback @ any retest of broken resistance

-or conversely-

b. price goes down-buy first lo-and sell first pullback @ any re-test of broken support

As I say above this is a simplistic explanation and whether i do it depends on a number of other factors, but it is a ttypical posts news/data play that may develop (or not.)

G/L
ex member
  • #181,300
  • Nov 6, 2009 6:27am Nov 6, 2009 6:27am
Quoting need-help
It is possible if you use the fxsol UK version.
you are lucky my friend...at least you can hedge it then... good luck with your trades
Chief Member of 220 mph Riders Club...
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