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Cable Update (GBPUSD)

  • #242,821
  • Aug 3, 2010 11:35am Aug 3, 2010 11:35am
Quoting jimmyloz
Hello traders i think about that what else ? => back to 1.5609 ?

http://nsa16.casimages.com/img/2010/...5546185654.jpg

other analysis on my blog http://foxtrade-foxtrade.blogspot.com/

impact on MA50 now ?...
  • #242,822
  • Aug 3, 2010 11:56am Aug 3, 2010 11:56am
6 minutes to go (sound just like a doomsday clock just now, lol..)

I'm preparing to go long the pair in about 6 minutes as of writing... It can't breach level 1.59100 until now, a valid long for me today...

Will see if I can get in soon...
  • #242,823
  • Aug 3, 2010 12:29pm Aug 3, 2010 12:29pm
OK, that's it... Got in already
Long @ 1.59299
TP @ 1.60899
SL @ 1.58813

The pair is seen many times trying to dive below 1.59100 level but just hesitated to do so... Felt safe to go long this time; Will leave for a good rest for today...

Quoting HowieTrader
6 minutes to go (sound just like a doomsday clock just now, lol..)

I'm preparing to go long the pair in about 6 minutes as of writing... It can't breach level 1.59100 until now, a valid long for me today...

Will see if I can get in soon...
  • #242,824
  • Aug 3, 2010 12:41pm Aug 3, 2010 12:41pm
Quoting trabagwe
not so good
Can someone help whats this mean? I'm thick when it comes to stuff like this will it affect my day trading?

Cheers.
  • #242,825
  • Aug 3, 2010 12:55pm Aug 3, 2010 12:55pm
Quoting reflex
Can someone help whats this mean? I'm thick when it comes to stuff like this will it affect my day trading?

Cheers.
Will not as long as you live in UK. But sooner or later it will come to Europe too
  • #242,826
  • Aug 3, 2010 1:03pm Aug 3, 2010 1:03pm
Quoting xenu
Will not as long as you live in UK. But sooner or later it will come to Europe too
OK cheers how will it affect traders in the US? and what does it actually mean? if you don't have time to answer don't worry but if you know where I can read about it please tell me.

Cheers
  • #242,827
  • Aug 3, 2010 1:09pm Aug 3, 2010 1:09pm
Quoting trabagwe
not so good

us is turning into a communist government.

what happened to freedom to trade whatever you want ?

You could always switch to trading futures ... issue is margins are higher and that does not allow those with smaller accounts to trade them.

beauty of fx is even if you only have 300 you can have a go at being a trader
Blogging daily now at www.volume.zone
  • #242,828
  • Aug 3, 2010 1:09pm Aug 3, 2010 1:09pm
Quoting reflex
Can someone help whats this mean? I'm thick when it comes to stuff like this will it affect my day trading?

Cheers.
I'm sure the legitimate brokerages will have no problem. If there is money to be made and the government can get their hands on some of it they are all for it.

It is just more proof that Obama is a power hungry peice of shit and won't be happy until he socializes America. After Nov. when he doesn't control congress things will slow down.
  • #242,829
  • Aug 3, 2010 1:16pm Aug 3, 2010 1:16pm
Quoting trabagwe
not so good
Amazing! As if retail forex traders were responsible for the mess! Well let's all switch to CDS then. Seems to be less risky according to the gvt.
  • #242,830
  • Aug 3, 2010 1:16pm Aug 3, 2010 1:16pm
look like USA going to be like my country..
forex trading is ilegal at my country..
but lot off people still trading it..
Revesal Trader
  • #242,831
  • Aug 3, 2010 1:23pm Aug 3, 2010 1:23pm
I do notice quite a few Malay trading. Been visiting KL and Malacca lately, and had no problems accessing my accounts from the hotels, so I guess they have yet to censor online access to it.

Quoting mygoldenpips
look like USA going to be like my country..
forex trading is ilegal at my country..
but lot off people still trading it..
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #242,832
  • Aug 3, 2010 1:25pm Aug 3, 2010 1:25pm
Quoting mdiz2
I'm sure the legitimate brokerages will have no problem. If there is money to be made and the government can get their hands on some of it they are all for it.

It is just more proof that Obama is a power hungry peice of shit and won't be happy until he socializes America. After Nov. when he doesn't control congress things will slow down.

you gotta understand that he isnt pulling the strings, i dont know where people get this idea that he actually makes any decisions, hes told what to do and when to do it. Its been this way for years and years and years...........hes just a front.

check up on your history----look at presidents who opposed these dark figures that pull the strings.

alex hamilton----well known opposer of fed...shot, lincoln----refused to pay high interest during civil war to bankers and opposed fed----shot, jkf----opposed fed....shot, reagan---opposed fed....failed assasination attempt


there is a pattern here and its obvious...
  • #242,833
  • Aug 3, 2010 1:29pm Aug 3, 2010 1:29pm
Quoting 45Condor
I do notice quite a few Malay trading. Been visiting KL and Malacca lately, and had no problems accessing my accounts from the hotels, so I guess they have yet to censor online access to it.
yup..
we have no problem here..
problem only went to depo or w/d huge amount from outside county..
bank will ask where the source off there money and where you want to send it..
but it only if involve huge money..
by there way..
if u came to KL..PM me..i buy u a drink..
Revesal Trader
  • #242,834
  • Aug 3, 2010 1:33pm Aug 3, 2010 1:33pm
Quoting mdiz2
I'm sure the legitimate brokerages will have no problem. If there is money to be made and the government can get their hands on some of it they are all for it.

It is just more proof that Obama is a power hungry peice of shit and won't be happy until he socializes America. After Nov. when he doesn't control congress things will slow down.
Haha OK thanks.
  • #242,835
  • Aug 3, 2010 1:40pm Aug 3, 2010 1:40pm
Quoting mfoste1
you gotta understand that he isnt pulling the strings, i dont know where people get this idea that he actually makes any decisions, hes told what to do and when to do it. Its been this way for years and years and years...........hes just a front.

check up on your history----look at presidents who opposed these dark figures that pull the strings.

alex hamilton----well known opposer of fed...shot, lincoln----refused to pay high interest during civil war to bankers and opposed fed----shot, jkf----opposed fed....shot, reagan---opposed...

....

And here I thought everyone was blind.
Ghost Rider - WWTBMD?
  • #242,836
  • Aug 3, 2010 1:51pm Aug 3, 2010 1:51pm
Quoting mfoste1
you gotta understand that he isnt pulling the strings, i dont know where people get this idea that he actually makes any decisions, hes told what to do and when to do it. Its been this way for years and years and years...........hes just a front.

check up on your history----look at presidents who opposed these dark figures that pull the strings.

alex hamilton----well known opposer of fed...shot,...
Blacklisted keywords intercepted. Your IP is being logged...
  • #242,837
  • Aug 3, 2010 1:53pm Aug 3, 2010 1:53pm
May well do.

I recall bumping into some traders in the upper floor of a Starbucks in Taipei... Chinese platform on a tiny laptop and with dodgy wifi connection. A surreal experience, but heaps of fun as we debated strategies and techniques - all the while watching PA. It was great.

Quoting mygoldenpips
yup..
we have no problem here..
problem only went to depo or w/d huge amount from outside county..
bank will ask where the source off there money and where you want to send it..
but it only if involve huge money..
by there way..
if u came to KL..PM me..i buy u a drink..
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #242,838
  • Aug 3, 2010 1:58pm Aug 3, 2010 1:58pm
Quoting jimmyloz
Hello traders i think about that what else ? => back to 1.5609 ?

http://nsa16.casimages.com/img/2010/...5546185654.jpg

other analysis on my blog http://foxtrade-foxtrade.blogspot.com/

overbouht market ?
  • #242,839
  • Aug 3, 2010 2:06pm Aug 3, 2010 2:06pm
Quoting mfoste1
you gotta understand that he isnt pulling the strings, i dont know where people get this idea that he actually makes any decisions, hes told what to do and when to do it. Its been this way for years and years and years...........hes just a front.

check up on your history----look at presidents who opposed these dark figures that pull the strings.

alex hamilton----well known opposer of fed...shot, lincoln----refused to pay high interest during civil war to bankers and opposed fed----shot, jkf----opposed fed....shot, reagan---opposed...
I know exactly who he is. He is a progressive like Woodrow Wilson and Roosevelt. He was raised by comunists and his whole life has been geared to where he is right now. He surronds himself with like minded socialists, comunists and marxists. He is more than a figurehead, he is their leader. Sorros and the unions have a lot of control of him also.
  • #242,840
  • Aug 3, 2010 2:09pm Aug 3, 2010 2:09pm
Quoting jimmyloz
overbouht market ?
Cable can remain overbought a lot longer then your account can handle the DD.

Just checking in on that last H4 bar, the doji is kind of getting negated by the morning star on the hourly.

Wormy, did you get a good entry on your all-in play? Watch that M15 here.
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