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Cable Update (GBPUSD)

  • #181,981
  • Nov 10, 2009 3:37am Nov 10, 2009 3:37am
please the UK trade balance is bad let us sell.
  • #181,982
  • Nov 10, 2009 3:46am Nov 10, 2009 3:46am
Quoting tundeakins
please the UK trade balance is bad let us sell.
and the market buys ,,,
  • #181,983
  • Nov 10, 2009 3:46am Nov 10, 2009 3:46am
Quoting tundeakins
please the UK trade balance is bad let us sell.

And yet we turned to a uptrend at 9:30am GMT on the dot
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #181,984
  • Nov 10, 2009 3:47am Nov 10, 2009 3:47am
Quoting Jade Gate
This cross controls traffic on Cable. EG is in a classic (highly reliable) cup and handle pattern. Cable looks thoroughly cactus (for many weeks to come). Could be a very long wait to trade GU long in an up trend again, save for the occasional retracements.
Yes love this weekly pattern....but it should be with low volumes.....not really what I see....
What do you think ???
Attached Image (click to enlarge)
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Non licet omnibus adire Corinthum
  • #181,985
  • Nov 10, 2009 3:48am Nov 10, 2009 3:48am
Can please anyone give an explanation why negative GPB/Trade Balance results (-7.2B instead of -6.1B expected) lead to GBP rising?

Seems like my real-life logic does not work at forex markets?
  • #181,986
  • Nov 10, 2009 3:57am Nov 10, 2009 3:57am
Quoting ForexNoobian
Can please anyone give an explanation why negative GPB/Trade Balance results (-7.2B instead of -6.1B expected) lead to GBP rising?

Seems like my real-life logic does not work at forex markets?
It rarely goes the way it's supposed to and when it does it's a surprise and your not playing it the other way.


STOP READING THE NEWS AND FORMING OPINIONS JUST TRADE THE DAMN CHARTS!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #181,987
  • Nov 10, 2009 3:59am Nov 10, 2009 3:59am
Quoting Turveyd
STOP READING THE NEWS AND FORMING OPINIONS JUST TRADE THE DAMN CHARTS!!
STOP TALKING TO MY HEAD JUST TALK TO MY ASS
Non licet omnibus adire Corinthum
  • #181,988
  • Nov 10, 2009 4:03am Nov 10, 2009 4:03am
wow today market is crazy !!!!!!!!!!!!
  • #181,989
  • Nov 10, 2009 4:04am Nov 10, 2009 4:04am
Quoting tundeakins
please the UK trade balance is bad let us sell.
the news was bad...
So... God loves you buddy
  • #181,990
  • Nov 10, 2009 4:07am Nov 10, 2009 4:07am
I believe that too much news clouds the way you trade. The big boys knows the news even before it's released.

Just my 2 cents.
We are the TREND. Resistance is futile...
  • #181,991
  • Nov 10, 2009 4:08am Nov 10, 2009 4:08am
I am short now see details on my blog if you wish - everybody is invited
  • #181,992
  • Nov 10, 2009 4:14am Nov 10, 2009 4:14am
something unknown shakes the market!!!!
  • #181,993
  • Nov 10, 2009 4:19am Nov 10, 2009 4:19am
Yes and yet again we BOUNCE off resistance..

IN my eyes and the eyes of my account the trend is UP...

WHY WHY WHY continually place shorts? Short the scalping side. IF,
you know how to, I do NOT suggest this AT ALL to any Noobs.

If you must scalp. scalp with the trend then if there is another breakout YOU WILL PROFIT. And if loss you lose a small amount depending.
I NEVER use STOPS when scalping. I DO NoT recommend this to anyone who is not comfortable with it


Quoting Turveyd
And yet we turned to a uptrend at 9:30am GMT on the dot
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #181,994
  • Nov 10, 2009 4:22am Nov 10, 2009 4:22am
Quoting peyman
something unknown shakes the market!!!!
Just some traders with brain who think to sell at a higher price.......and love hunting stops......just their hobby when markets are boring...
Non licet omnibus adire Corinthum
  • #181,995
  • Nov 10, 2009 4:26am Nov 10, 2009 4:26am
it's like riding an 1st floor elevator today only the doors aint opening in the right places.
  • #181,996
  • Nov 10, 2009 4:43am Nov 10, 2009 4:43am
OH, and sorry,

I KNOW I AM late.

These are my postions:

8
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #181,997
  • Nov 10, 2009 4:54am Nov 10, 2009 4:54am
Quoting grashid
why dun we take long after the free fall just now...

come..another 100pips to go as my bonus this week..

already half way for both of them GU n GY...

Good luck all...

See all of u in US
  • #181,998
  • Nov 10, 2009 4:55am Nov 10, 2009 4:55am
Buy button mode on, breaks 1.6744 ---> flies up !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #181,999
  • Nov 10, 2009 4:56am Nov 10, 2009 4:56am
Quoting manize
Buy button mode on, breaks 1.6744 ---> flies up !
  • #182,000
  • Nov 10, 2009 4:58am Nov 10, 2009 4:58am
I only use stop or limit when I cannot watch the screen which is RARE.

My favorite is trailing stop .

THIS IS THE TIME. for me to TP
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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