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Cable Update (GBPUSD)

  • #210,481
  • Mar 26, 2010 3:50am Mar 26, 2010 3:50am
I've got training again...

Will put in an automated trade for below 4785 and hope to catch the ride down...

will be back in 3 - 4 hours...

GOODLUCK ALL!!!

it should be an interesting day!!!
@pawpaw1000 on Twitter
  • #210,482
  • Mar 26, 2010 3:52am Mar 26, 2010 3:52am
Attached Image
  • #210,483
  • Mar 26, 2010 3:57am Mar 26, 2010 3:57am
put one at 4885 just for incase we go higher, s/l 4925...

second one 4770 with s/l 4805

any ideas?
@pawpaw1000 on Twitter
  • #210,484
  • Mar 26, 2010 3:57am Mar 26, 2010 3:57am
i went short at 1.4871, s/l 1.4946, t/p 1.4668
  • #210,485
  • Mar 26, 2010 3:58am Mar 26, 2010 3:58am
Quoting pawpaw1000
put one at 4885 just for incase we go higher, s/l 4925...

second one 4770 with s/l 4805

any ideas?

It is Friday, leave it alone, go to training and focus on that. Don't be greedy and blow away your profits.
  • #210,486
  • Mar 26, 2010 4:00am Mar 26, 2010 4:00am
Quoting cloggie
It is Friday, leave it alone, go to training and focus on that. Don't be greedy and blow away your profits.
alright... but I'm anticipating a HUGE downward move today!!!
@pawpaw1000 on Twitter
  • #210,487
  • Mar 26, 2010 4:02am Mar 26, 2010 4:02am
Quoting pawpaw1000
alright... but I'm anticipating a HUGE downward move today!!!

This is not the last day in your trading life, there is always another trade, another HUGE move around the corner. Unless you trade the daily and H4, don't worry about missing one move.
  • #210,488
  • Mar 26, 2010 4:03am Mar 26, 2010 4:03am
Quoting pawpaw1000
put one at 4885 just for incase we go higher, s/l 4925...

second one 4770 with s/l 4805

any ideas?
Gosh,,,, you are getting rather brave ( good ? ) at this ,,,,,,
  • #210,489
  • Mar 26, 2010 4:06am Mar 26, 2010 4:06am
Quoting solrac
Gosh,,,, you are getting rather brave ( good ? ) at this ,,,,,,
stupid I'd say...
@pawpaw1000 on Twitter
  • #210,490
  • Mar 26, 2010 4:08am Mar 26, 2010 4:08am
I hate ranging days...
  • #210,491
  • Mar 26, 2010 4:09am Mar 26, 2010 4:09am
Quoting pawpaw1000
stupid I'd say...
You barely broke even on your sell order last night and now your are a glutton for punishment and want to try it again to see how the stress feels the second time around? Trading the M15 needs a bit of micro management to get the entries right, remember that 100 pip run yesterday? Could you have predicted that by using an arbritary sell order?
  • #210,492
  • Mar 26, 2010 4:09am Mar 26, 2010 4:09am
anyone any idea why euro is rallying but not pound?
  • #210,493
  • Mar 26, 2010 4:12am Mar 26, 2010 4:12am
Quoting yuan83
anyone any idea why euro is rallying but not pound?


Written by Gerry Davies
March 26, 2010 at 08:46 GMT


"Euro bulls have tripped stops above 1.3350 and we’ve been as high as 1.3375 so far, presently at 1.3365. Been talk of hedge funds buying.
Elsewhere Greek/German 10 year government bond yield spread has tightened to 309 bps from 320 bps at settlement close Thursday, while Greek stocks up a very healthy 7%."
Thank You
  • #210,494
  • Mar 26, 2010 4:13am Mar 26, 2010 4:13am
Greece is the center of universe.
Thank You
  • #210,495
  • Mar 26, 2010 4:13am Mar 26, 2010 4:13am
Quoting yuan83
anyone any idea why euro is rallying but not pound?
One is not correlated to the other unless the correlation is driven by the dollar, today the euro is recovering from its fall yesterday, which does not mean the the dollar is weakening. The fall of the Sterling is not driven by a strength in the dollar, it is just so far in the hole that it can happily drop on its own accord.

The big boys can drive one currency up with no correlation to another. Look at the swissy it is dropping against both the euro and the dollar right now.
  • #210,496
  • Mar 26, 2010 4:21am Mar 26, 2010 4:21am
1 of 1
EURO-DOLLAR: Traders report some decent buying going through in

euro-dollar talk of an ACB a UK clearer and a Spanish name buying

euros pushing it higher to $1.3375 however good selling interest

emerges and the euro retreats to currently trade at $1.3359
3/26/2010 4:13:57 AM



EURO-DOLLAR

Traders report some decent buying going.
  • #210,497
  • Mar 26, 2010 4:26am Mar 26, 2010 4:26am
news from the UK in 4m
  • #210,498
  • Mar 26, 2010 4:30am Mar 26, 2010 4:30am
Sorry, i was wondering if someone could quicky explain what, for example "200ma" means?
I hear this mentioned allot but it's something i have never come across.

I've tried google but no so luck!

Thanks in advance for any advice,
  • #210,499
  • Mar 26, 2010 4:33am Mar 26, 2010 4:33am
Quoting Nasca
Sorry, i was wondering if someone could quicky explain what, for example "200ma" means?
I hear this mentioned allot but it's something i have never come across.

I've tried google but no so luck!

Thanks in advance for any advice,

Hi Nasca,

It means 200 Moving Average, sometimes you may see EMA (exponential Moving Average) or SMA (simple moving average)

Hope that helps!

Ant
  • #210,500
  • Mar 26, 2010 4:36am Mar 26, 2010 4:36am
Quoting Nasca
Sorry, i was wondering if someone could quicky explain what, for example "200ma" means?
I hear this mentioned allot but it's something i have never come across.

I've tried google but no so luck!

Thanks in advance for any advice,
http://www.investopedia.com is always a good place to look for terms you haven't heard of
Nil Desperandum Illegitimi Carborundum
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