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Cable Update (GBPUSD)

  • #200,581
  • Feb 18, 2010 2:06pm Feb 18, 2010 2:06pm
Geez I wish I had the nuts to play standards on this....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,582
  • Feb 18, 2010 2:07pm Feb 18, 2010 2:07pm
room my advice is to waite and see the the market will doo no longs for now its deadly

dixy hit 81.98
  • #200,583
  • Feb 18, 2010 2:09pm Feb 18, 2010 2:09pm
Quoting kill56
room my advice is to waite and see the the market will doo no longs for now its deadly

dixy hit 81.98
I agree...

I was going to go fer a nap, but now I'm all charged...

Will hafta just sit n watch now.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,584
  • Feb 18, 2010 2:12pm Feb 18, 2010 2:12pm
Quoting Magix
Geez I wish I had the nuts to play standards on this....
i think we are back to the 200-300pips move when the news comes out do u remember those days bro THE NFP RATE
  • #200,585
  • Feb 18, 2010 2:13pm Feb 18, 2010 2:13pm
Think we could test long term fib 50 fib level near 5340.
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  • #200,586
  • Feb 18, 2010 2:15pm Feb 18, 2010 2:15pm
Quoting kill56
i think we are back to the 200-300pips move when the news comes out do u remember those days bro THE NFP RATE
I played a couple NFP roller coasters, the ups n downs, I think best I took was about a buck fity, this one, no way I was buying.

Locked in a couple, good ride!

CHA CHING!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,587
  • Feb 18, 2010 2:15pm Feb 18, 2010 2:15pm
9 month low now breached. How low do you see this going with this news?
  • #200,588
  • Feb 18, 2010 2:19pm Feb 18, 2010 2:19pm
Wow I went short 6 contracts just before this huge move based on analysis and price actiion I captured the whole thing. Where do you guys get your news? I need to listen to important news as they come out.
  • #200,589
  • Feb 18, 2010 2:26pm Feb 18, 2010 2:26pm
update an h1 or h4 open below the 50% will confirem the move
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  • #200,590
  • Feb 18, 2010 2:30pm Feb 18, 2010 2:30pm
Quoting Magix
Trapped in the support/resistance range of the time frames...

We currently hold support of the 5m chart, but not confirmed long. We sit on the 50% fib line for the day, and right at support on the 15m. The 30m says we have support, but too again, not confirmed.

This is a good time to do nothing. No trades, No speculation.

At least, thats how I'm going to play it. Sometimes the best trade, is the veto trade.

Magix,

The best thing about this post... hopefully it caused a few
traders like myself to carefully look at their positions. I closed
a couple long trades at around 1.5625, just minutes before the
drop seeing the daily S2 (@1.5627) as a barrier and the 24sma
trapped between the 55ema and the 200ema on the 5m. My 5m
compression chart was in a gathering (converging, condensing)
no trade mode and you never know which direction it will take
when it pops with or without news it can be violent.

The conservative approach then is alway wait for the break.

Glad I was looking off in space at some intergalactic indicator. lol

Hope no one got scorched by that meteor that landed.

Dr. D.
  • #200,591
  • Feb 18, 2010 2:40pm Feb 18, 2010 2:40pm
Congrats to someone off in suspended animation
smiling now as her 1.5489 target was hit first.

Dr. D.
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  • #200,592
  • Feb 18, 2010 2:47pm Feb 18, 2010 2:47pm
The best thing to do sometimes when constantly trading in a market is to take a step back and do nothing. I took the day off from trading starting 11pm EST yesterday until probably London session tomorrow (It was hard but I did it). I entered no positions at all. Why did I do this you ask?

When you look at the charts and you can't figure out what is happening because your too tired, too stressed, or whatever..DO NOT TRADE. Take time to step back and recharge the batteries. When you come back and look at the charts again, they become way more clear. It's like empting your temporary internet files folder. Get the old charts out of your head and when you come back:::::New charts, new thoughts, new perspectives.

C.
  • #200,593
  • Feb 18, 2010 3:11pm Feb 18, 2010 3:11pm
Quoting fourxtrader
Magix,

The best thing about this post... hopefully it caused a few
traders like myself to carefully look at their positions. I closed
a couple long trades at around 1.5625, just minutes before the
drop seeing the daily S2 (@1.5627) as a barrier and the 24sma
[color=blue][i]trapped between the 55ema...
This is why I :
1. Try to stay in market only when there is sustainable volume.
2. Only take a trade with confirmation.
3. Follow the money.

There is no perfect way to trade, but in this, I have had one trade this week hit me for $28 bucks, and am sitting close to $1800 on the week.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,594
  • Feb 18, 2010 3:16pm Feb 18, 2010 3:16pm
Quoting investing101
Wow I went short 6 contracts just before this huge move based on analysis and price actiion I captured the whole thing. Where do you guys get your news? I need to listen to important news as they come out.
GOD sure loves you
  • #200,595
  • Feb 18, 2010 3:22pm Feb 18, 2010 3:22pm
Quoting ice_chill
GOD sure loves you
As does his ex-wifes divorce attorney.

RIM SHOT!

(This is a joke, I don't know who this guy is, just seemed an opportune time to make fun of blood sucking divorce attorneys. No offense to blood sucking divorce attorneys, I know they already have their special place in hell and shouldn't have to deal with my mockery).
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,596
  • Feb 18, 2010 3:24pm Feb 18, 2010 3:24pm
well traders the bear flag pattern I have showed a few times has definitly showed its hand I had some nice shorts yesterday but like most got snookerd on the sharp bounce but due to what I was seeing on the daily chart and price not being able to hold above the weekly open I wasent worried about going short again hope all done well
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  • #200,597
  • Feb 18, 2010 3:42pm Feb 18, 2010 3:42pm
Quoting Magix
As does his ex-wifes divorce attorney.

RIM SHOT!

(This is a joke, I don't know who this guy is, just seemed an opportune time to make fun of blood sucking divorce attorneys. No offense to blood sucking divorce attorneys, I know they already have their special place in hell and shouldn't have to deal with my mockery).
I'm a divorce attorney...Are you looking for one? Let me know if you do. Based on the pips you make I will only charge $2500 per hour..

Just kidding, I'm not a divorce attorney, just seemed like a good post to make.
  • #200,598
  • Feb 18, 2010 3:46pm Feb 18, 2010 3:46pm
Quoting Ctic
I'm a divorce attorney...Are you looking for one? Let me know if you do. Based on the pips you make I will only charge $2500 per hour..

Just kidding, I'm not a divorce attorney, just seemed like a good post to make.
darn thats too cheep chrge him more he is the wise man and makes ton's of pips
  • #200,599
  • Feb 18, 2010 3:50pm Feb 18, 2010 3:50pm
i feel realy sorry for the ppl who still hold longs
  • #200,600
  • Feb 18, 2010 4:01pm Feb 18, 2010 4:01pm
I dedicate this song for everyone help to Recovery we are going to it next weeks
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