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Cable Update (GBPUSD)

  • #213,901
  • Apr 7, 2010 7:19am Apr 7, 2010 7:19am
Taken a small short at 1.51764..PA has done 30% retracement of current down move.

Lets see how it goes.
  • #213,902
  • Apr 7, 2010 7:22am Apr 7, 2010 7:22am
Quoting kingfisher
Taken a small short at 1.51764..PA has done 30% retracement of current down move.

Lets see how it goes.
mmm... g2g but would like for close below 25ma before entering...

8min before i leave. AIAIAI!!!

I hate having to leave my forex
@pawpaw1000 on Twitter
  • #213,903
  • Apr 7, 2010 7:23am Apr 7, 2010 7:23am
Quoting kingfisher
Stop predicting the market. If it moves from 1.52 to 1.54 or from 1.52 to 1.50, it will break daily S/R/DP points..Market moves with current theme/flow.

No body in this universe can predict the market..it is suicidal.
Sorry, glossed over that I suppose, there is no way to predict where it's going. It's just good to know where the common lines are. I do have visions of very rich people sat in a room manipulating the markets and laughing at us.
Back to basics, it has to be for me!
  • #213,904
  • Apr 7, 2010 7:26am Apr 7, 2010 7:26am
closed below ma...

taken short at 65 tp at 5100 s/l 90
@pawpaw1000 on Twitter
  • #213,905
  • Apr 7, 2010 7:28am Apr 7, 2010 7:28am
wake up buddy party may be over for today entr tom now

Quoting extraneo
We are bearish if it breaks 5128!
Its all in the mind.
  • #213,906
  • Apr 7, 2010 7:30am Apr 7, 2010 7:30am
Quoting BadTradingFi
Sorry, glossed over that I suppose, there is no way to predict where it's going. It's just good to know where the common lines are. I do have visions of very rich people sat in a room manipulating the markets and laughing at us.
No one can manipulate the most liquidated market on this planet, so get that idea straight out of your head. Not even Soros, LOL. Maybe during low volume you can hunt for SLs, but that's about it.
  • #213,907
  • Apr 7, 2010 7:30am Apr 7, 2010 7:30am
just got home from work... oopss i forgot to close my trade at the office..
thx god it's still green... im out now... family time...
thk u guys... see u tomorrow....
i'll do my best, and let the old lady decide where she wanna go
  • #213,908
  • Apr 7, 2010 7:30am Apr 7, 2010 7:30am
Quoting 5abi
wake up buddy party may be over for today entr tom now
why would you say that??? we still have london close which normally brings a nice move and we still have 3hrs of power hours left...

You are gravely mistaken if you think the party is over friend...

Might not go down but we still got ALOT of movement left today!!!
@pawpaw1000 on Twitter
  • #213,909
  • Apr 7, 2010 7:33am Apr 7, 2010 7:33am
Quoting bbakker
No one can manipulate the most liquidated market on this planet, so get that idea straight out of your head. Not even Soros, LOL. Maybe during low volume you can hunt for SLs, but that's about it.
At the very least, there is a webcam in my room somewhere watching what trades I make, and just when it will hurt the most, they press the "OPPOSITE TO THE NOOB WITH EXTREME FORCE" trade button
Back to basics, it has to be for me!
  • #213,910
  • Apr 7, 2010 7:35am Apr 7, 2010 7:35am
GBP seems to be well bid compared to other currency .... but i can't wait to make it down through 1.5130 to expect further move down
COT: The precious data ignored
  • #213,911
  • Apr 7, 2010 7:35am Apr 7, 2010 7:35am
hi paw paw

normal daily range is 150 take or leave a dozen points we have travelled around 100 --- plus there is strong support at 5130. see the bulish hourly close at that area.

there may be movement left but I don't want to be a seller today now. Ofcourse there would be meaningful movement for traders with different styles.

Quoting pawpaw1000
why would you say that??? we still have london close which normally brings a nice move and we still have 3hrs of power hours left...

You are gravely mistaken if you think the party is over friend...

Might not go down but we still got ALOT of movement left today!!!
Its all in the mind.
  • #213,912
  • Apr 7, 2010 7:37am Apr 7, 2010 7:37am
short cable 518

short fibre 33333
  • #213,913
  • Apr 7, 2010 7:39am Apr 7, 2010 7:39am
Quoting kuroro001
GBP seems to be well bid compared to other currency .... but i can't wait to make it down through 1.5130 to expect further move down
I agree
you must break through the cable 5128 to consider very bearish
  • #213,914
  • Apr 7, 2010 7:40am Apr 7, 2010 7:40am
Dow futures down.

FTSE 100 moved 10 points up from S 1 of 5753 giving some relief to G/U.

But with dow futures down, risk aversion will be back causing US $ strengthen. Add to it, GBP is bearish due to service data.

Short seems the right way to go.
  • #213,915
  • Apr 7, 2010 7:44am Apr 7, 2010 7:44am
Quoting cloggie
short cable 518

short fibre 33333
I'm with you on that one!
  • #213,916
  • Apr 7, 2010 7:44am Apr 7, 2010 7:44am
Just playing the ranges today..... I have just turned a buyer

1.5181.. SL.. 1.5120.. TP.. open

Breakout is imminent
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 105 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #213,917
  • Apr 7, 2010 7:44am Apr 7, 2010 7:44am
Quoting BadTradingFi
At the very least, there is a webcam in my room somewhere watching what trades I make, and just when it will hurt the most, they press the "OPPOSITE TO THE NOOB WITH EXTREME FORCE" trade button


Quality!
  • #213,918
  • Apr 7, 2010 7:46am Apr 7, 2010 7:46am
Quoting cloggie
short cable 518

short fibre 33333
I've lost my b@lls to do that after yesterdays loss. It's knocking on 518 and not giving up. I'm just observing today (unless I catch a break), and (not wishing you ill luck) hoping it goes back up a bit more again.

Seemed to take a while yesterday to break 518 too although as you have pointed out, what happened yesterday is not always a good indication of what may happen today.
Back to basics, it has to be for me!
  • #213,919
  • Apr 7, 2010 7:48am Apr 7, 2010 7:48am
Quoting Bull_Bear
Just playing the ranges today..... I have just turned a buyer

1.5181.. SL.. 1.5120.. TP.. open

Breakout is imminent

BB thats it
  • #213,920
  • Apr 7, 2010 7:50am Apr 7, 2010 7:50am
Quoting bbakker


Quality!
I just wish it was a joke! The number of times a trade has kicked in I've had waiting, or I've done it on the fly and moments later it's shot in the opposite direction, amazing!

If anyone wants to cover my losses, I'll happy BUY/SELL right now and give you about a 90% chance of it going the opposite way, probably quite dramatically!
Back to basics, it has to be for me!
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