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Cable Update (GBPUSD)

  • #205,521
  • Mar 12, 2010 6:52am Mar 12, 2010 6:52am
Quoting TauTrader
Good day to you,

I do not know your reasons for entering short - logic tells us it is "time" for a retracement, as we have been going in one direction for some time.. That was exactly me reason to exit my longs - I felt it was time for a breather. The top is at over 2.00 at this time. The bottom is parity - both highly unlikely, but not impossible, as price was there at one stage...

You may get lucky, but a leaf you need to take out of this, is that our perception of a top or bottom, may only be the start of a greater move....

Regards
Well spoken.
  • #205,522
  • Mar 12, 2010 6:54am Mar 12, 2010 6:54am
Quoting pawpaw1000
well, seeing as we assume your view is right, it should then spike to just below 52 and make a nice retracement ;-) love speculating about things there are no ways of knowing...
Don't assume my view is right, I could be very wrong. however, when I mentioned "volatile" news, I didn't mean a little spike to take out short stops followed by retracement at 152 area, I meant a large spike filled with large Buy orders that keeps going to 15320 area 1st stop. But like I say, anything could happen and I am already up +500 G/J and +300 G/U and can sit through the news volatility with plenty of distance from my entries and see what happens.

G/L
  • #205,523
  • Mar 12, 2010 7:03am Mar 12, 2010 7:03am
30m to the news have fun room
  • #205,524
  • Mar 12, 2010 7:07am Mar 12, 2010 7:07am
anyone heard of the DIBS system, just got a Inside Bar... if news is bad for US as it propably will be, I agree that we will push through quite a couple of resistance lines. Anyone wish to comment on the possible double bottom we could have on hourly/ 4 hourly chart???
@pawpaw1000 on Twitter
  • #205,525
  • Mar 12, 2010 7:10am Mar 12, 2010 7:10am
Quoting pawpaw1000
anyone heard of the DIBS system, just got a Inside Bar... if news is bad for US as it propably will be, I agree that we will push through quite a couple of resistance lines. Anyone wish to comment on the possible double bottom we could have on hourly/ 4 hourly chart???

darn i wish i could know i will make a killen
  • #205,526
  • Mar 12, 2010 7:11am Mar 12, 2010 7:11am
Quoting kill56
darn i wish i could know i will make a killen
could always put buy order just above current level and ride the wave as long as possible/???
@pawpaw1000 on Twitter
  • #205,527
  • Mar 12, 2010 7:13am Mar 12, 2010 7:13am
Quoting pawpaw1000
could always put buy order just above current level and ride the wave as long as possible/???

what if the news are good my advice dont trade the news wait at least 15m then enter as u are new to crackforex take u time man
  • #205,528
  • Mar 12, 2010 7:19am Mar 12, 2010 7:19am
Quoting kill56
what if the news are good my advice dont trade the news wait at least 15m then enter as u are new to crackforex take u time man
then my buy order doesnt execute...

but wow, I am really nervous and I dont even have a open trade
@pawpaw1000 on Twitter
  • #205,529
  • Mar 12, 2010 7:20am Mar 12, 2010 7:20am
Quoting pawpaw1000
then my buy order doesnt execute...

but wow, I am really nervous and I dont even have a open trade

safe than sorrrrrrrrrrrrrrrrrrrrrrry
  • #205,530
  • Mar 12, 2010 7:31am Mar 12, 2010 7:31am
it is good for US!!! but no real price movement???
@pawpaw1000 on Twitter
  • #205,531
  • Mar 12, 2010 7:33am Mar 12, 2010 7:33am
Looks like the bulls are really in control!!! good news for US but still cant break support??? Look for 52 soon...
@pawpaw1000 on Twitter
  • #205,532
  • Mar 12, 2010 7:38am Mar 12, 2010 7:38am
gat ya............take em down and wait for a pull back at 1.5110-15100 region. Trading Pattern's
  • #205,533
  • Mar 12, 2010 7:40am Mar 12, 2010 7:40am
long time ago we use to pay for advice now its free
  • #205,534
  • Mar 12, 2010 7:41am Mar 12, 2010 7:41am
Quoting fendi
gat ya............take em down and wait for a pull back at 1.5110-15100 region. Trading Pattern's
this price is going NOWHERE! the bull momentum is really strong!!!
@pawpaw1000 on Twitter
  • #205,535
  • Mar 12, 2010 7:46am Mar 12, 2010 7:46am
Quoting kill56
safe than sorrrrrrrrrrrrrrrrrrrrrrry
that reminds me of something i read recently http://www.baggagereclaim.co.uk/why-...being-married/
  • #205,536
  • Mar 12, 2010 7:49am Mar 12, 2010 7:49am
Quoting forexlion
that reminds me of something i read recently http://www.baggagereclaim.co.uk/why-...being-married/

man what shell i do i am with 2 of them
  • #205,537
  • Mar 12, 2010 7:50am Mar 12, 2010 7:50am
DT, i got something for ya, let me know when you are around
  • #205,538
  • Mar 12, 2010 7:52am Mar 12, 2010 7:52am
Quoting forexlion
DT, i got something for ya, let me know when you are around

another indi
  • #205,539
  • Mar 12, 2010 7:53am Mar 12, 2010 7:53am
its news

cable is down up then ??????????????????? darn we need an h1 open below 15139
  • #205,540
  • Mar 12, 2010 7:55am Mar 12, 2010 7:55am
and the price just stays... mmm! About the single thing, It's all good until you reach 50 - 60 and you have no family or someone to spend your old days with... Even at 35 it starts to become tough. But hey, some people enjoy that kind of life...

WHERE IS PRICE GOING!!!!
@pawpaw1000 on Twitter
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