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Cable Update (GBPUSD)

  • #224,601
  • May 6, 2010 3:07pm May 6, 2010 3:07pm
ok what the asian banks will do keep sellen the eur or buy it
  • #224,602
  • May 6, 2010 3:08pm May 6, 2010 3:08pm
Quoting cloggie
This is probably the best example of why trading with the trend is the safest bet, any contrarian trader would have had some serious losses. Wonder how many margin calls we had in this room alone.
Exactly. Took me a while, but I learned. It's gonna be volatile like you said so I'll be waiting for a candle that follows big pa moves, if I do anything at all.

CNBC Report: Citi is rumored to have made the mistake.
  • #224,603
  • May 6, 2010 3:12pm May 6, 2010 3:12pm
Quoting cloggie
This is probably the best example of why trading with the trend is the safest bet, any contrarian trader would have had some serious losses. Wonder how many margin calls we had in this room alone.

Hi Cloggie, What timeframe are you going to be trading in ie. 15min, 30min, just wondering what candle close do you wait for to confirm trend? Thanks
  • #224,604
  • May 6, 2010 3:12pm May 6, 2010 3:12pm
Quoting Ineedpips9
CNBC Report: Citi is rumored to have made the mistake.

What? Another "Billion should have been a Million fat-finger-f@ck up" ?
  • #224,605
  • May 6, 2010 3:12pm May 6, 2010 3:12pm
I don't EFFIn believe it! I close my short and go out for a curry, come back and the market has crashed. ARRRGH!
  • #224,606
  • May 6, 2010 3:13pm May 6, 2010 3:13pm
The lowest printed price I can see on GJ chart is 118 on 1st jan 2009.
  • #224,607
  • May 6, 2010 3:14pm May 6, 2010 3:14pm
Quoting sony
Hello

I used TG for same time and would like to sell it this days...

Started to use only esignal charts with better volume on it..and coos i use to trade only one pair and have learned some basic in VSA i dont need TG anymore...

I ask 3000Eurs. for it

New is 4000Eurs.

That is the newest version of it

RTV4

Best Regards
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  • #224,608
  • May 6, 2010 3:18pm May 6, 2010 3:18pm
By golly I woke up to an 833 pip gain on my cable/yen breakout short. Best one day gain so far.
  • #224,609
  • May 6, 2010 3:19pm May 6, 2010 3:19pm
Quoting cloggie
What? Another "Billion should have been a Million fat-finger-f@ck up" ?
It's all over reports. Citi just told cnbc that they're "looking into the situation."
  • #224,610
  • May 6, 2010 3:20pm May 6, 2010 3:20pm
thinking about going short, but after recent events i'm flat as of now.
  • #224,611
  • May 6, 2010 3:21pm May 6, 2010 3:21pm
Quoting cloggie
What? Another "Billion should have been a Million fat-finger-f@ck up" ?
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  • #224,612
  • May 6, 2010 3:24pm May 6, 2010 3:24pm
The Dow plunged nearly 1,000 points before paring those losses, apparently triggered by a trader error. Sources told CNBC a trader entered a "b" for billion instead of an "m" for million in a trade possibly involving Procter & Gamble.
  • #224,613
  • May 6, 2010 3:26pm May 6, 2010 3:26pm
any news about the election
  • #224,614
  • May 6, 2010 3:27pm May 6, 2010 3:27pm
Quoting kill56
any news about the election
Polls closing in 30 minutes.
  • #224,615
  • May 6, 2010 3:30pm May 6, 2010 3:30pm
According to multiple sources, a trader entered a "b" for billion instead of an "m" for million in a trade possibly involving Procter & Gamble [PG 60.75 -1.41 (-2.27%) ], a component in the Dow. (CNBC's Jim Cramer noted suspicious price movement in P&G stock on air during the height of the market selloff. Watch.)

Sources tell CNBC the firm in question that handled the erroneous trade is Citigroup [C 4.04 -0.14 (-3.35%) ]. The bank said it has no evidence of a bad trade but is investigating the situation

The massive selloff, which began shortly after 2 pm ET, amplified concerns about the spreading European debt crisis as the approval of austerity measures by the Greek Parliament sparked renewed rioting in Athens.

"There is simply a growing recognition that Greece has got to default," banking analyst Dick Bove told CNBC.com. "The riots in the streets showed the decision to repay the debt was not going to be made by the people in Germany, France and Switzerland—it's going to be made by people in Greece and they're not going to repay it."
  • #224,616
  • May 6, 2010 3:31pm May 6, 2010 3:31pm
Dow was exactly at 61.8 and FTSE alittle over it.....
This is no dam suprise at all!!!!!!!!!!!!

This is purey technical and news are only their to give consitancy to the move,
Illuminatis are rulling this sh8t as they want!....

Haven't heard them? : We will push price around 2006 level and crash market again.
This will help them to make the NEW WORL ORDER, whit only only one gouvernement, currency, the total TOTALITRISM.
Kinda hitler program...
"Fly Kite Fly!"
  • #224,617
  • May 6, 2010 3:33pm May 6, 2010 3:33pm
I don't believe all of that rumors.
  • #224,618
  • May 6, 2010 3:34pm May 6, 2010 3:34pm
Quoting Hansie
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  • #224,619
  • May 6, 2010 3:34pm May 6, 2010 3:34pm
Quoting Zulu
Dow was exactly at 61.8 and FTSE alittle over it.....
This is no dam suprise at all!!!!!!!!!!!!

This is purey technical and news are only their to give consitancy to the move,
Illuminatis are rulling this sh8t as they want!....
it happened in just 1/2 hour
  • #224,620
  • May 6, 2010 3:36pm May 6, 2010 3:36pm
THIS is why you must ALWAYS put a STOP LOSS on a position. Imagine putting a GBP1 trade on, and a few minutes later finding yourself a grand down. ouch. Google lost 6000 points!

I find this highly suspicious. The night of the UK general election, with all the Greek fears etc. Something fishy about this. Some high up people made some mega money earlier.
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