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Cable Update (GBPUSD)

  • #207,541
  • Mar 18, 2010 10:58am Mar 18, 2010 10:58am
Quoting cloggie
This pull back may have quite a bit of momentum.
reckon we will be able to short it from the same levels again? 5325??

GREAT! might get my chance at those pips after all
@pawpaw1000 on Twitter
  • #207,542
  • Mar 18, 2010 11:00am Mar 18, 2010 11:00am
struggling at 50 level...
@pawpaw1000 on Twitter
  • #207,543
  • Mar 18, 2010 11:00am Mar 18, 2010 11:00am
Don't try to pick bottoms.....
Attached Image (click to enlarge)
Click to Enlarge Name: ape_bottom.jpg Size: 39 KB
  • #207,544
  • Mar 18, 2010 11:02am Mar 18, 2010 11:02am
CNBC is reporting the Fed will be increasing the discount rate again tonight
  • #207,545
  • Mar 18, 2010 11:03am Mar 18, 2010 11:03am
Quoting cloggie
Don't try to pick bottoms.....
trying to pick tops for my entry

so should I wait until reaches top, not sure if it'll do that? we are going down again round about 5250...
@pawpaw1000 on Twitter
  • #207,546
  • Mar 18, 2010 11:06am Mar 18, 2010 11:06am
Quoting pawpaw1000
trying to pick tops for my entry

so should I wait until reaches top, not sure if it'll do that? we are going down again round about 5250...
has more to go
  • #207,547
  • Mar 18, 2010 11:06am Mar 18, 2010 11:06am
Quoting cloggie
CNBC is reporting the Fed will be increasing the discount rate again tonight
last time they did that cable dropped like a stone if i remembered correctly. after ny session close was it?
Thank You
  • #207,548
  • Mar 18, 2010 11:07am Mar 18, 2010 11:07am
Quoting wormboy
last time they did that cable dropped like a stone if i remembered correctly. after ny session close was it?
Yeah correct by over 200 pips, they did it right after NY close. Not sure of course if CNBC is right. Can't find anything on Bloomy or anywhere else right now. Anybody?
  • #207,549
  • Mar 18, 2010 11:07am Mar 18, 2010 11:07am
Quoting cloggie
CNBC is reporting the Fed will be increasing the discount rate again tonight
The Fed said the rumor was a fake one
COT: The precious data ignored
  • #207,550
  • Mar 18, 2010 11:08am Mar 18, 2010 11:08am
every time I post something, I realise how inexperienced I am!!! It is ridiculous how much I have to learn. Or how much I just ignore while watching my charts...

does this ever subside? I'm like a teenager with raging hormones at a fraternity party!
@pawpaw1000 on Twitter
  • #207,551
  • Mar 18, 2010 11:09am Mar 18, 2010 11:09am
Cable likes 5250,,,,,,,,,we are going sideways here by the look of it
  • #207,552
  • Mar 18, 2010 11:10am Mar 18, 2010 11:10am
Just got back now. Are we in downtrend ? at this point... sell or buy.
i am looking to short now but the 1.5200 , our fortifier, should hold right ?
  • #207,553
  • Mar 18, 2010 11:11am Mar 18, 2010 11:11am
Quoting pawpaw1000
every time I post something, I realise how inexperienced I am!!! It is ridiculous how much I have to learn. Or how much I just ignore while watching my charts...

does this ever subside? I'm like a teenager with raging hormones at a fraternity party!

It takes time. Just slow down formulate a trading plan, actually spend time writing it down for yourself. Demo, demo, demo and oh yeah demo.

Keep posting here, nobody will ridicule you (usually) and we can all give you a hand.
  • #207,554
  • Mar 18, 2010 11:13am Mar 18, 2010 11:13am
Quoting cloggie
CNBC is reporting the Fed will be increasing the discount rate again tonight


if true long will say
Attached Image
  • #207,555
  • Mar 18, 2010 11:13am Mar 18, 2010 11:13am
Quoting kuroro001
The Fed said the rumor was a fake one
So it is definitely true then....
  • #207,556
  • Mar 18, 2010 11:13am Mar 18, 2010 11:13am
Quoting kuroro001
The Fed said the rumor was a fake one
if it was fake, the euro bulls just got one up in the arse for that greg louganis stunt
Thank You
  • #207,557
  • Mar 18, 2010 11:14am Mar 18, 2010 11:14am
Quoting cloggie
It takes time. Just slow down formulate a trading plan, actually spend time writing it down for yourself. Demo, demo, demo and oh yeah demo.

Keep posting here, nobody will ridicule you (usually) and we can all give you a hand.
I agree,,,, I demo for about 3/4 trades a day,, but once you get confident to trade live ,,,, well it is a whole of a different world to that of the demo
  • #207,558
  • Mar 18, 2010 11:14am Mar 18, 2010 11:14am
Quoting cloggie
It takes time. Just slow down formulate a trading plan, actually spend time writing it down for yourself. Demo, demo, demo and oh yeah demo.
demo for 3 months, profitable, but have recently traded in my indicators for PA, S/R and Trend Lines... started live last monday and am now 10% up. I prefer to learn while trading live as the emotions add alot to the equation! Small account though, dont worry
@pawpaw1000 on Twitter
  • #207,559
  • Mar 18, 2010 11:15am Mar 18, 2010 11:15am
Quoting wormboy
last time they did that cable dropped like a stone if i remembered correctly. after ny session close was it?

was it 100 or 150 pis
  • #207,560
  • Mar 18, 2010 11:16am Mar 18, 2010 11:16am
Quoting pawpaw1000
demo for 3 months, profitable, but have recently traded in my indicators for PA, S/R and Trend Lines... started live last monday and am now 10% up. I prefer to learn while trading live as the emotions add alot to the equation! Small account though, dont worry
I have been trading for a long time and still make some really b*lls up trades. Don't look for trades, look for setups and as an exit just look for the reverse.
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