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Cable Update (GBPUSD)

  • #198,581
  • Feb 8, 2010 10:14am Feb 8, 2010 10:14am
Quoting marbellafx
Enter another long to 1.5697
Up !
  • #198,582
  • Feb 8, 2010 10:16am Feb 8, 2010 10:16am
Quoting marbellafx
Up !
i am in. looks like its having a little hard time to cross this hurdle at 1.5650
Good luck
  • #198,583
  • Feb 8, 2010 10:16am Feb 8, 2010 10:16am
Under the idea of protection of gains..closed my last long for +51, total on the day is +360, total on the week is 677.

Another great start to the week!

CHA CHING!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #198,584
  • Feb 8, 2010 10:18am Feb 8, 2010 10:18am
FXstreet.com (Barcelona) - The pound has broken above the 1.5625 resistance area, which has held the GBP/USD in check earlier, to set a new daily high at 1.5650 in American trading. The currently push upwards comes after the pair set a fresh eight-month low at 1.5557 early today.

According to Matías Salord, independent analyst of FXstreet.com, even though "bigger time frames favor further declines", the pair is "starting to turn bullish" on the daily charts and now with the 1.5625 resistance level snapped, the pound may gain further strength.

Salord points to resistance levels for the pair at 1.5705 and 1.5740 with support coming in at 1.5530, 1.5445 and 1.5360
  • #198,585
  • Feb 8, 2010 10:19am Feb 8, 2010 10:19am
Quoting Magix
Under the idea of protection of gains..closed my last long for +51, total on the day is +360, total on the week is 677.

Another great start to the week!

CHA CHING!
NICE !!
  • #198,586
  • Feb 8, 2010 10:23am Feb 8, 2010 10:23am
anyone about to short USDCHF? looks like its about to fall from a cliff?
  • #198,587
  • Feb 8, 2010 10:24am Feb 8, 2010 10:24am
Friday long closed at forseen retracement +53p
  • #198,588
  • Feb 8, 2010 10:26am Feb 8, 2010 10:26am
look to short 5680! This is what I intend to do, do not take it to the bank!
  • #198,589
  • Feb 8, 2010 10:28am Feb 8, 2010 10:28am
Quoting Magix
Under the idea of protection of gains..closed my last long for +51, total on the day is +360, total on the week is 677.

Another great start to the week!

CHA CHING!
  • #198,590
  • Feb 8, 2010 10:34am Feb 8, 2010 10:34am
Quoting Magix
Under the idea of protection of gains..closed my last long for +51, total on the day is +360, total on the week is 677.

Another great start to the week!

CHA CHING!
Geeeze!!! Are u chinese?
  • #198,591
  • Feb 8, 2010 10:35am Feb 8, 2010 10:35am
Quoting Magix
Under the idea of protection of gains..closed my last long for +51, total on the day is +360, total on the week is 677.

Another great start to the week!

CHA CHING!

wow...nice job master
Revesal Trader
  • #198,592
  • Feb 8, 2010 10:36am Feb 8, 2010 10:36am
Quoting mjay
Geeeze!!! Are u chinese?
No, but I do have a couple of great recipes....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #198,593
  • Feb 8, 2010 10:48am Feb 8, 2010 10:48am
Here is a fact: I know a guy who traded mostly winning trades based on one - two weeks based trading cycle. Normally he takes about 5% risk position with an equity capital of USD 150,000

Some of his position on the Cable can have slipages, sometimes a slipage can go for 300 bps, but he will wait since he does not want to lose by getting out prematurely./ Hence, he puts a s S/L sometimes at 500 bps...

There comes one trade he increased the risk expsosure to 30% with S/L at 300 bps and went long on Cable at around 1.61xx... The market turned volatile and he started bleeding, now, the market is almost down more than 500 bps from 1.61xx...and he lost all the money he made over two years of winning trades...

Guys, this is a painful lesson......You cannot win by TRADING in forex, stocks, futures, options, etc...Name it...

You can only win by trading in the style of George Soros....One objective, One Trend, One Direction.....once you meet the objective.....Get The HEll Out, before they get you
  • #198,594
  • Feb 8, 2010 10:51am Feb 8, 2010 10:51am
Winner winner, Chicken Dinner!

Closed another +46...
Attached Image (click to enlarge)
Click to Enlarge Name: closed.jpg Size: 10 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #198,595
  • Feb 8, 2010 10:54am Feb 8, 2010 10:54am
Quoting forexlion
I am LONG with a 50% retrace target of 1.60

@ 1.60 I will re-enter shorts to targets lower than 1.54
Quoting forexlion
don't know about him, but I am definitely ambitious
Ambition
Attached File(s)
File Type: pdf My Account.pdf   114 KB | 440 downloads
  • #198,596
  • Feb 8, 2010 10:56am Feb 8, 2010 10:56am
Quoting Magix
Winner winner, Chicken Dinner!

Closed another +46...

You can have a cockroach with this but not a chicken...Get a life
  • #198,597
  • Feb 8, 2010 10:58am Feb 8, 2010 10:58am
Quoting forexlion
Ambition
...and intuition.
  • #198,598
  • Feb 8, 2010 10:58am Feb 8, 2010 10:58am
Quoting Jassim
You can have a cockroach with this but not a chicken...Get a life
And another sad little man, enters the ring...

Sigh, where do you people come from anyways?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #198,599
  • Feb 8, 2010 11:00am Feb 8, 2010 11:00am
Quoting Magix
And another sad little man, enters the ring...

Sigh, where do you people come from anyways?

Taking a 1 and 2 Lotts position, calling it a big bang makes me sad...how much did you make ? 50 bucks ? Was it really worth it ?
  • #198,600
  • Feb 8, 2010 11:01am Feb 8, 2010 11:01am
Quoting direct-trade
...and intuition.
...and informed.

All the best with your trades ForexLion.
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