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Cable Update (GBPUSD)

  • #221,861
  • Apr 27, 2010 10:30am Apr 27, 2010 10:30am
ouch eh shit happens...
  • #221,862
  • Apr 27, 2010 10:30am Apr 27, 2010 10:30am
Quoting bbakker
No wonder EU is collapsing and cable is following like a good little boy. I got in with a short before the break
I had a sell signal too, but was too dumb to do anything about it.
Nevermind, theres always tomorrow.

Dazzer
  • #221,863
  • Apr 27, 2010 10:30am Apr 27, 2010 10:30am
Quoting USD-Bear
You could be right, but imagine the loads of stops below 1.532 take care of your stops....

Attachment
It is going after those stops. I just hope it ends around 15 and then tracks back north. I am long for about 30 minutes and get nervous on cable when I am wrong. I normally trade Fiber, but today Cable looked better (at the time). Well as I type it has hit 15. Now worried it will go after the 5300 stops. Been in profit today before this draw down. Not ready to get stopped out just yet.
  • #221,864
  • Apr 27, 2010 10:32am Apr 27, 2010 10:32am
Quoting Dazzer
I had a sell signal too, but was too dumb to do anything about it.
Nevermind, theres always tomorrow.

Dazzer
As I am sure there is no need for me to tell you, but there will be plenty of opportunities tomorrow and the day after tomorrow and the day after that, ad nauseam!
  • #221,865
  • Apr 27, 2010 10:32am Apr 27, 2010 10:32am
Quoting lexazver
this fall is different to previous ones.. before price would go down in jumps i.e. buyers were stepping in straight away and even after it went down quite quickly it was jumping still but today buyers seem to be asleep price just kind of slides down only now at 1.5350 im starting to see this jumpiness.. so i dont think we will see this down move being retraced in NY session.

also yesterday as it appears now we saw distribution around 1.5480 level....can I go a far as saying we will see 1.52 today ? certainly my expectations of 1.52 are greater...
Quoting lexazver
As far as I can see, any pull can be regarded as profit taking and better opportunity to short. Don't even see it testing 1.54 today..
HEllooooooo 1.53
  • #221,866
  • Apr 27, 2010 10:33am Apr 27, 2010 10:33am
Quoting Emanuele
ouch eh shit happens...
warned You..........
Don't be a hero. Don't have an ego. Always question yourself
  • #221,867
  • Apr 27, 2010 10:34am Apr 27, 2010 10:34am
Greece rating cut to junk status OK, Portugal - your turn next!
  • #221,868
  • Apr 27, 2010 10:35am Apr 27, 2010 10:35am
Quoting USD-Bear
warned You..........
I know, but hey that was my plan I sticked with it and it went wrong. Let's go ahead... I've nothing to complain.
  • #221,869
  • Apr 27, 2010 10:35am Apr 27, 2010 10:35am
Quoting Piptaker
It is going after those stops. I just hope it ends around 15 and then tracks back north. I am long for about 30 minutes and get nervous on cable when I am wrong. I normally trade Fiber, but today Cable looked better (at the time). Well as I type it has hit 15. Now worried it will go after the 5300 stops. Been in profit today before this draw down. Not ready to get stopped out just yet.
Get out then, you can't force the market......
Don't be a hero. Don't have an ego. Always question yourself
  • #221,870
  • Apr 27, 2010 10:35am Apr 27, 2010 10:35am
Quoting cloggie
There is nothing in the PA now that keeps this from still touching my target of 5294.

Hit, did not trade it though got out earlier, still nice to see.
  • #221,871
  • Apr 27, 2010 10:36am Apr 27, 2010 10:36am
Quoting kill56
1 of 1
PORTUGAL: S&P cuts Portugal ratings 2 notches from A+ from A- outlook

remains negative.
4/27/2010 10:56:56 AM

PORTUGAL

SP cuts Portugal ratings 2 notches from... crap to crappier LOL

1 of 1
EURO-DOLLAR: Skidding lower now for trade to $1.3290 on the two-step

ratings cut orn Portugal the euro retreating sharply from levels around

$1.3340 seen just ahead of the ratings announcement amid chatter on NY

bank buy orders for the fixing. Euro recovers to $1.3305.
4/27/2010 10:57:27 AM

EURO-DOLLAR

Skidding lower now for...
ECB Banks are really trying to prop the damn thing up!
  • #221,872
  • Apr 27, 2010 10:37am Apr 27, 2010 10:37am
Quoting cloggie
Hit, did not trade it though got out earlier, still nice to see.
On the button again! Too "cool for cats"!
  • #221,873
  • Apr 27, 2010 10:38am Apr 27, 2010 10:38am
malcom still dreaming about accumulation, lol,
told you 200 times to short any rallies in euro and cable

europe should collapse soon

china to control the world, they have the lowest debt if any
  • #221,874
  • Apr 27, 2010 10:38am Apr 27, 2010 10:38am
Quoting USD-Bear
Get out then, you can't force the market......
I've got my crowbar here... surely that will force them
  • #221,875
  • Apr 27, 2010 10:38am Apr 27, 2010 10:38am
Quoting Mathias83
canceled my pending long (and entered short) ... after portugals downgrade, i would expect some kind of a drop... now greece is almost out of the play and portugal enteres the scene!
closed the short... flat for the day... 4%

nice trading to you all - see ya
  • #221,876
  • Apr 27, 2010 10:39am Apr 27, 2010 10:39am
wow
Attached Image
  • #221,877
  • Apr 27, 2010 10:40am Apr 27, 2010 10:40am
Standard & Poor's said Tuesday it cut Greece's ratings to junk status
  • #221,878
  • Apr 27, 2010 10:41am Apr 27, 2010 10:41am
Quoting bbakker
ECB Banks are really trying to prop the damn thing up!

they are fffffffffffffffffffffooooooooooooooooooooked up bad but stil holding with blood all over
  • #221,879
  • Apr 27, 2010 10:43am Apr 27, 2010 10:43am
Quoting bbakker
As I am sure there is no need for me to tell you, but there will be plenty of opportunities tomorrow and the day after tomorrow and the day after that, ad nauseam!
Absolutely. Cockiness got the better of me (wouldn't be the first time). Still, 2% up since yesterday.
Losses still piss me off admittedly, however small they are.

I think that the big bar down was gunning for stops, but time will tell.

Good luck to all,

Dazzer
  • #221,880
  • Apr 27, 2010 10:43am Apr 27, 2010 10:43am
Blood on the streets - in Greece and Portugal. Lick your wounds ECB
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