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Cable Update (GBPUSD)

  • #200,601
  • Feb 18, 2010 6:02pm Feb 18, 2010 6:02pm
Quoting kill56
i feel realy sorry for the ppl who still hold longs
Me too , hope they got out alrite , some pretty lofty upside targets mentioned earlier today , they are a lot loftier now
  • #200,602
  • Feb 18, 2010 6:11pm Feb 18, 2010 6:11pm
Hey guys .. Looking for a long around the 50%
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  • #200,603
  • Feb 18, 2010 6:24pm Feb 18, 2010 6:24pm
Quoting jack.canadia
Hey guys .. Looking for a long around the 50%

jack, since they just increased the discount rate, do you see her going to 1.5?
  • #200,604
  • Feb 18, 2010 6:30pm Feb 18, 2010 6:30pm
Quoting alex1976
jack, since they just increased the discount rate, do you see her going to 1.5?
I know absolutely nothing about fundamentals. Just support and resistance. I took a long in USD/CAD at 1.0404 and it shot up over 100 pips since then in a couple hours and that was a strict trade from a level of support.

The GBP level may give some support for some pips but I never look to catch the be-all end-all position that grows my account to inifinity. Beyond there I like 4860, the 61.8% level
  • #200,605
  • Feb 18, 2010 6:45pm Feb 18, 2010 6:45pm
Quoting alex1976
jack, since they just increased the discount rate, do you see her going to 1.5?
I don't think rates as much as trends has anything to do with the fall...again, we are headed into much deeper waters according to the long term charts.

The question is not if we are headed to 1.5, but more a question of when...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,606
  • Feb 18, 2010 6:48pm Feb 18, 2010 6:48pm
Quoting Magix
I don't think rates as much as trends has anything to do with the fall...again, we are headed into much deeper waters according to the long term charts.

The question is not if we are headed to 1.5, but more a question of when...
yes i agree with that.

I am heavily short gold and suspect currencies and commodities will take a real dive soon, and the USD will fly.

Look at it today. wow!!!
  • #200,607
  • Feb 18, 2010 6:50pm Feb 18, 2010 6:50pm
Quoting Magix
I don't think rates as much as trends has anything to do with the fall...again, we are headed into much deeper waters according to the long term charts.

The question is not if we are headed to 1.5, but more a question of when...
hey magix you pipaholic was a nice day today lol
  • #200,608
  • Feb 18, 2010 6:54pm Feb 18, 2010 6:54pm
Quoting digger1
hey magix you pipaholic was a nice day today lol
The day is not over!

Somebody, put a rag in the fat lady's mouth!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,609
  • Feb 18, 2010 6:58pm Feb 18, 2010 6:58pm
Quoting jesterx
yes i agree with that.

I am heavily short gold and suspect currencies and commodities will take a real dive soon, and the USD will fly.

Look at it today. wow!!!
Not that I like to draw correlations on pairs, but I watch USD/CAD with cable. They always seem to play in opposite directions.

If you check back to when USDCAD capped last year, it is when GBP/USD started to make its ascent.

Nice on the nick jesterx, in some circles, that is my other handle.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,610
  • Feb 18, 2010 6:58pm Feb 18, 2010 6:58pm
Quoting fourxtrader
Congrats to someone off in suspended animation
smiling now as her 1.5489 target was hit first.

Dr. D.
THAT is exactly what I'm thinking.

I believe Apologies ARE in order.
  • #200,611
  • Feb 18, 2010 6:59pm Feb 18, 2010 6:59pm
Quoting Magix
The day is not over!

Somebody, put a rag in the fat lady's mouth!
well keep those pips adding up brother , enough there for everybody
  • #200,612
  • Feb 18, 2010 7:06pm Feb 18, 2010 7:06pm
Quoting digger1
well keep those pips adding up brother , enough there for everybody
You guys...go get your own. Thus the addon to my signature....

Show them my motto!

If you give a man a match, he'll be warm for the night. If you set a man on fire, he'll be warm for the rest of his life.

Speaking of adding up...geez I wish everyday was like this.
Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,613
  • Feb 18, 2010 7:11pm Feb 18, 2010 7:11pm
Gj is getting to the bottom of support.. if it breaks the bull channel in this downtrend... we could see some major carnage... I agree the day is not over.

Quoting Magix
The day is not over!

Somebody, put a rag in the fat lady's mouth!
DireXiv Make it happen, no one else is going to do it for you...
  • #200,614
  • Feb 18, 2010 7:20pm Feb 18, 2010 7:20pm
Quoting DireXiv
Gj is getting to the bottom of support.. if it breaks the bull channel in this downtrend... we could see some major carnage... I agree the day is not over.
For those that started building longs in the 1.5840...I am sure hoping they had the good sense to find a not so painful exit.

Almost as good as making money, and having fun here in the cable thread, is with the recent collapse, we haven't had to tolerate that Direct-Trade guy.

Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,615
  • Feb 18, 2010 7:35pm Feb 18, 2010 7:35pm
Quoting Magix
For those that started building longs in the 1.5840...I am sure hoping they had the good sense to find a not so painful exit.

Almost as good as making money, and having fun here in the cable thread, is with the recent collapse, we haven't had to tolerate that Direct-Trade guy.

Enjoy
BTW Depends on my system daily on Very strong support , i will watching the reaction "Can go above 1.5520 ?!"
  • #200,616
  • Feb 18, 2010 7:39pm Feb 18, 2010 7:39pm
So here is a story for you traders. Once upon a time there was a new trader who spent day and nights to understand trading lingo and tactics(As much as humanly possible). One day the trader decided to start trading. After a month of spending 12-15 hrs staring at the charts, the trader managed to make 500 pips. Everything seemed fine till..................... something horrible happened to the market. The trader lost all of the hard earned 500 baby pips (never got a chance to raise them with love) and lost another 500 on top of that. The trader being new didn't know what to do.
I invite you to write the end of the story.
  • #200,617
  • Feb 18, 2010 7:44pm Feb 18, 2010 7:44pm
Quoting pilotui
THAT is exactly what I'm thinking.

I believe Apologies ARE in order.
As apologies would definately be in order, they will not be given. You see, I'm still holding a short position from 1.7022 that had a 5 pip draw down and I was ran out of town in the cable thread for taking the position.

Everyone has their own method of trading. Not one method is superior to another as long as the method is profitable.

Trade well guys!
EO
Just digging in the trenches like everyone else!
  • #200,618
  • Feb 18, 2010 7:50pm Feb 18, 2010 7:50pm
Quoting digger1
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 Attachment
Halloooooo dig....i Loooooovveeeee You
are you still remember last night i already set Sell Stop Order (SL + TP too ) below 1.5554 but GU going up???
yes...after that my light run out..,i have no battrey, so i can do nothing...,
i already hopeless and will let my SL if it is been hit,
BUT YOU KNOW WHAT????
this morning i see my account +120 pips......
GOD must LOVE me..., yesterday i try to think and only get 1 pip...,but don't know from where money come by it self...,
thanks you GOD...., mMuuuuah....,
I will be the number one Manager.
  • #200,619
  • Feb 18, 2010 7:52pm Feb 18, 2010 7:52pm
Every little bit helps.

Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,620
  • Feb 18, 2010 8:03pm Feb 18, 2010 8:03pm
Quoting Magix
Every little bit helps.

I don't trade Futures , Anyone know when US open?
4 am here
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Waveskierrob