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Cable Update (GBPUSD)

  • #201,601
  • Feb 24, 2010 8:53am Feb 24, 2010 8:53am
No trades for me until we break through with direction on one of these 2 zones...

Confirmation for my trading style comes to late, and the value of the gains is limited.

Best of luck on the day traders.

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,602
  • Feb 24, 2010 8:53am Feb 24, 2010 8:53am
I'm still short so I suggest you all go long. Call it a new indicator I developed
  • #201,603
  • Feb 24, 2010 8:54am Feb 24, 2010 8:54am
there she goes..
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  • #201,604
  • Feb 24, 2010 8:55am Feb 24, 2010 8:55am
Quoting TerpFan2
Magix,

All i can say is...
Thank God, i did not get on the computer @2am,
coming in from doing Night-Wk w/Verizon, to stumble
upon this & try to make something "happen".
-Better to sit w/hands under butt, than to mess w/that!
Have a great one,

Jeff !
I chased a couple of pips last night...but was very quick on the trigger.

Theres good money to be made, just have to wait for direction and break out of the current area...

Until then...I am out! EFF THIS!

Heh.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,605
  • Feb 24, 2010 8:58am Feb 24, 2010 8:58am
Quoting skc1970
I'm still short so I suggest you all go long. Call it a new indicator I developed
Buwahahahahahahaha.


Don't think we haven't all had the same feeling.

I like to refer to it as "WTF?"

Keep your chin up.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,606
  • Feb 24, 2010 8:58am Feb 24, 2010 8:58am
Quoting nAVIN2007
there she goes..
Well Done Mate
Good Luck
  • #201,607
  • Feb 24, 2010 9:04am Feb 24, 2010 9:04am
Quoting nAVIN2007
there she goes..


hey bro nice to see u back and active
  • #201,608
  • Feb 24, 2010 9:11am Feb 24, 2010 9:11am
Quoting Magix
Buwahahahahahahaha.


Don't think we haven't all had the same feeling.

I like to refer to it as "WTF?"

Keep your chin up.

F*%K

We are now in gambling territory so time for me to pull the plug

Good luck everyone
  • #201,609
  • Feb 24, 2010 9:18am Feb 24, 2010 9:18am
Quoting skc1970
F*%K

We are now in gambling territory so time for me to pull the plug

Good luck everyone
We are still confirmed to short side...5m short confirmation is close, but bottom side price support still looks strong...for now, who knows what the next 5m candle will say.

I'm with you...sidelines, there will be more plays, later, or tomorrow, or next week...I can wait.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,610
  • Feb 24, 2010 9:33am Feb 24, 2010 9:33am
berrrrrrrrrrrrrrrrrrrrrrnanke is testifing
  • #201,611
  • Feb 24, 2010 9:47am Feb 24, 2010 9:47am
Quoting Baby-Trader
Hi JRoyal,
everyone has its own trading style.
if you consistently make profit. so it is very excellent and keep it up.

this is my view on the weekly.
but of-course I may be totally wrong.

Good Luck with your trades.
I don't discount your analysis of the market. I think it's a great thing to have people that have different views of the market to share they're thoughts. I may pick up something from you that I didn't look at that may save my account that day! I just don't like to be blindsided. I've learned if you put all the info in front of you and then just trade the price action then you'll do ok. I don't know if the market is going up or down from here but if I had to bet on it I'd put my money on up. That in no way means that I'm married to the bulls. If I was a bear I would want somebody to point out the possibility that I could have some problems at a certain level. Maybe it's something I didn't consider in my analysis. That's what I'm in here to do. Use my experience in the market to put out as much info as possible and hopefully it'll help someone make some money or better, save them from a account crippling move and I hope you all do the same for me. By the way, I think your analysis has good merit based on the weekly chart Baby Trader.

I checked my ego at the door. The market doesn't like me or any of us. Everyday it tries to prove to us why!
  • #201,612
  • Feb 24, 2010 9:47am Feb 24, 2010 9:47am
darn dixy and cable in the same path eu is flying new highs ove 13600

i'll wait tell he finish then enter berrrrrrrnanke
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  • #201,613
  • Feb 24, 2010 9:49am Feb 24, 2010 9:49am
Uncle Bern said "interest rate will be stay low for a long time"

this is really bad for USD is it..
  • #201,614
  • Feb 24, 2010 9:49am Feb 24, 2010 9:49am
Quoting JRoyal
I don't discount your analysis of the market....

can i ask u something do wait for news to give a direction? or trading bearing in mind news releases?
  • #201,615
  • Feb 24, 2010 9:56am Feb 24, 2010 9:56am
i am sure when bernanke fart sorry speek

any way short from 64 1 baby w t f
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  • #201,616
  • Feb 24, 2010 9:59am Feb 24, 2010 9:59am
cannot resist to hit the button....
......
......
......
......
power off
Patience + Discipline =
  • #201,617
  • Feb 24, 2010 10:00am Feb 24, 2010 10:00am
Why buyers are so active...wait and see the big bear...
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Pride of opinion is a characteristic of losing traders
  • #201,618
  • Feb 24, 2010 10:01am Feb 24, 2010 10:01am
Quoting nAVIN2007
can i ask u something do wait for news to give a direction? or trading bearing in mind news releases?
Depends on the trade I'm in. I do enter trades during the day based on say a trendline break at a support area on a 15 min chart. If that happens close to a news announcement then I won't trade it because my stops on those trades are always small (15-25) pips and we all know when news comes out just the wild swings in the price will kill trades with that small stops even if your right about the direction. As far as my positions based on longer times frames with larger stops I've found that outside of a crazy NFP number or some geo event then it's not too necessary to avoid the news and the long term trend direction trumps any short term news announcement. Don't know if answered your question but I tried.
  • #201,619
  • Feb 24, 2010 10:02am Feb 24, 2010 10:02am
Quoting Jemmy
cannot resist to hit the button....
......
......
......
......
power off
itching bro we cant resist

out 12 pips no more
  • #201,620
  • Feb 24, 2010 10:08am Feb 24, 2010 10:08am
Quoting JRoyal
Depends on the trade I'm in....

thanks man! answered

i discount it always..i find the chart is actually a dealing indicator of what the news proper reaction will be but then again i never trade lower than 4hr time frame
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