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Cable Update (GBPUSD)

  • #203,521
  • Mar 4, 2010 8:58am Mar 4, 2010 8:58am
Quoting peyman
I wonder how some traders don know the first rules of forex!!!
never trust to any confirmation of pattern or breakouts b4 important news
if u r daily or hourly trader, specially $ news bear or bull it could be clear
next hour after news

well if u trade the news wait for it if u trade charts then u have conformation in alot of time fram
  • #203,522
  • Mar 4, 2010 9:03am Mar 4, 2010 9:03am
the news was good bad ugly choose what u want
  • #203,523
  • Mar 4, 2010 9:04am Mar 4, 2010 9:04am
bad news $ + this bearish DV gbp= but if drop then is going deep
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  • #203,524
  • Mar 4, 2010 9:06am Mar 4, 2010 9:06am
Quoting kill56
well if u trade the news wait for it if u trade charts then u have conformation in alot of time fram
i mean 30 min b4 news don trust to movments breakouts ......
  • #203,525
  • Mar 4, 2010 9:09am Mar 4, 2010 9:09am
Quoting peyman
i mean 30 min b4 news don trust to movments breakouts ......
true bro unless u have an open position then u go for the chart or have u condom ready
  • #203,526
  • Mar 4, 2010 9:21am Mar 4, 2010 9:21am
Quoting kill56
true bro unless u have an open position then u go for the chart or have u condom ready
No worries man; 61% Fib reversalx4hr; divergence on both 1hr & 15m; Daily still Bear; and weekly even more so........yeah, anything can happen; but you gotta put your faith somewhere bro or give up trading...and I've been dancing with this trading lady for way to long to leave her now...she does ok for me, so I have to have faith in her eh..
  • #203,527
  • Mar 4, 2010 9:23am Mar 4, 2010 9:23am
greece greece greece the eu went down the drain
  • #203,528
  • Mar 4, 2010 9:26am Mar 4, 2010 9:26am
Quoting TrueBlue
No worries man; 61% Fib reversalx4hr; divergence on both 1hr & 15m; Daily still Bear; and weekly even more so........yeah, anything can happen; but you gotta put your faith somewhere bro or give up trading...and I've been dancing with this trading lady for way to long to leave her now...she does ok for me, so I have to have faith in her eh..
bro i allways have faith in god and i am a hit and run trader i doing great bro
  • #203,529
  • Mar 4, 2010 9:31am Mar 4, 2010 9:31am
now its time to go out of town to my inlow's in 2h i'll be online

good luck all green pips for longs and shorts all the best befor i go watch for them they might be coming
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  • #203,530
  • Mar 4, 2010 9:31am Mar 4, 2010 9:31am
Quoting kill56
bro i allways have faith in god and i am a hit and run trader i doing great bro
Good on ya buddy; I'm on "free ride" now; so it's off to bed for some zzzzzzzzzz's & hoping I can still open my eyes for work tomorrow (well....it's already "tomorrow" actually at 2.30am). Happy pippin dude...
  • #203,531
  • Mar 4, 2010 9:32am Mar 4, 2010 9:32am
Quoting wormboy
Those who had been attempting short or holding short. This is a good post by Magix, read it, understand it & take a look back at the charts



Make no mistake, this retracement can turn into a full blown uptrend if you're not careful.
Good luck
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #203,532
  • Mar 4, 2010 9:38am Mar 4, 2010 9:38am
Quoting omiunu
Ambiguity....

Though I hate to draw assumptions, a little of the feeling I get from people that take trades based on ambiguity...

Short from mid channel.
Spike against, Close position at a loss and enter long.
Spike against, Close position at a loss and wonder...

WTF JUST HAPPENED!

I love the market. The great equalizer!

And well, sure quiets down the chest thumpers and self proclaimed prophets.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,533
  • Mar 4, 2010 9:41am Mar 4, 2010 9:41am
Quoting Magix
Ambiguity....

Though I hate to draw assumptions, a little of the feeling I get from people that take trades based on ambiguity...

Short from mid channel.
Spike against, Close position at a loss and enter long.
Spike against, Close position at a loss and wonder...

WTF JUST HAPPENED!

I love the market. The great equalizer!

And well, sure quiets down the chest thumpers and self proclaimed prophets.

u are the hit man not me
  • #203,534
  • Mar 4, 2010 9:44am Mar 4, 2010 9:44am
Quoting omiunu
when that was posted it should have kept some people from shorting or least made them check there analisys again, would have kept them from sitting on a big draw down or getting whacked for a loss , wouldnt really argue with what they were saying at that point in time , those two posts at the very least may have helped a few newbies save a little bit of money
  • #203,535
  • Mar 4, 2010 9:46am Mar 4, 2010 9:46am
damn it... couldnt the moves wait until i'm back?!??
  • #203,536
  • Mar 4, 2010 9:48am Mar 4, 2010 9:48am
Quoting Magix
Ambiguity....

Though I hate to draw assumptions, a little of the feeling I get from people that take trades based on ambiguity...

Short from mid channel.
Spike against, Close position at a loss and enter long.
Spike against, Close position at a loss and wonder...

WTF JUST HAPPENED!

I love the market. The great equalizer!

And well, sure quiets down the chest thumpers and self proclaimed prophets.
ole market has a way of keeping a person humble dosent it lol, been a little upside down myself today but as kill says got some greenie so all is well
  • #203,537
  • Mar 4, 2010 9:50am Mar 4, 2010 9:50am
Quoting Mathias83
damn it... couldnt the moves wait until i'm back?!??
Usually Time, Tide and Currency do not wait for humans but if you tell them in advance .........may be . Try next time !
  • #203,538
  • Mar 4, 2010 9:52am Mar 4, 2010 9:52am
Quoting vilas
Usually Time, Tide and Currency do not wait for humans but if you tell them in advance .........may be . Try next time !
i'll try... well, no moving for tomorrow morning please. after lunch, ok!
  • #203,539
  • Mar 4, 2010 10:01am Mar 4, 2010 10:01am
Quoting digger1
ole market has a way of keeping a person humble dosent it lol, been a little upside down myself today but as kill says got some greenie so all is well
Rocky week is all...

I exited my longs, no, not at top...but when confirmation was lost.

An extra position closed at yesterdays HOD, however, helped out with the losses on the win.

I sit flat now.

You know me Dig, wait for confirmation, and as I am on my way out the door...not much sense in chasing the dream, I know a play will be waiting for me when I get home.

Enjoy the EONY, and best o Luck on the day.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,540
  • Mar 4, 2010 10:02am Mar 4, 2010 10:02am
Quoting omiunu
oh sure ..
you know after that was posted it shot up to create the day's high? which I think was 56 pips against your trade.
But like everyone else, I'm sure you got out at BE
Thank You
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