DislikedHey, i envy u for the buying profit.. damn i miss buy entry.. u doin good too!Ignored

Cable Update (GBP/USD) without Idiots 23 replies
Is it just me or is cable acting random? 44 replies
Why is GBPUSD called cable? 66 replies
Cable (GBPUSD) vs Euro (EURUSD) 26 replies
cable short for gbpusd? 6 replies
DislikedHey, i envy u for the buying profit.. damn i miss buy entry.. u doin good too!Ignored
Dislikedthis top has been taking along time to form 1st weakness july 2009
http://www.forexfactory.com/showpost...stcount=145327Ignored
DislikedIt is a retracement. Look at your monthly candle. This current candle reached the 161.8 fib on that. That is the S2. No matter what you trade; currency, stocks, bonds, options etc. it gets to a point where things retrace.
We are at the end of the month and end of the year. The monthly candle has been going down all month. People are taking their profits and getting ready for the next month. It is retracing up or reversing direction, time will tell. News usually doesn't affect the market because the big boys know what its going to do before it...Ignored
DislikedI decided to weather the storm and allow today to play itself out, without my making any further trading decisions. But to have it in perspective my decision, know that 80% of my trade was closed out before the rise so I have both profits to work with and a greatly reduced trade risk.
As I write this. More than 1/2 of todays gains are gone.
There are so many possibilities and my imagination can come up with many variations on what might be taking place. The truth is, I do not know what is happening or why and won't ever know. There could be...Ignored
DislikedWith no doubt in my mind, and I will take all bets on this one, the market will close today. And I will go one step further, it will not reopen until next year.
Any takers want to prove me wrong?
as for the 1.6040 today, I doubt it but anything is possible.Ignored
DislikedBR,
Actually it has been going sideways for about 7 months now. It may continue, it may not. I do believe that the long term it will go down and test the bottom that was formed back in Janurary but it could go up to 1.78/1.79 area before it does. Time will tell and I don't like to make it a habit of predicting the very long term since I am not a long term trader. The majority of my trades are held open less than a day. Some I keep for a week to a month depending on what the market is doing.Ignored
DislikedLet me see.... $10,000 x 100 = $1,000,000
(whispering) For a price... one can trade 24/7, spreads are wide, but OANDA is one that allows trading around the clock.
Now I could have increased your educational expense significantly, but in the spirit of the season...giving you an easy exit
Hope you have a great 2010!
BRIgnored
Top of Form
Bottom of Form
Sydney
closed
opens on Sun Jan 3, 2010 5:00 PM
Tokyo
closed
opens in 7 hours 12 minutes
London
open
closes in 0 hours 12 minutes
New York
open
closes in 5 hours 12 minutes
DislikedGlad I lingered here in the asylum a bit longer to get this
nifty reference chart.
Later, til next year.
Dr. D.Ignored