In forex, one currency is always up!
Cable Update (GBPUSD)
- #247,423
- Aug 20, 2010 3:56am Aug 20, 2010 3:56am
- Joined Jan 2008 | Status: Pipaholics make better lovers ;) | 1,002 Posts
joe - you seem a bit long happy this morning, must be all the Florida sunshine...does bullish divergence on the m1 actually mean anything?
waiting for 5 min to show the same
it has touched the bottom support line on 30 min too..if she holds then ...i will go long....IF she holds
- #247,426
- Aug 20, 2010 4:00am Aug 20, 2010 4:00am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
let's see if it can make a come back from 155 this time 
Peeps, I am expecting break today, to the down side..only reason pound has been going up frm past three days is due to news , today there isn't any. Who's gonna save the baby :-)
ta
ams
- #247,427
- Aug 20, 2010 4:00am Aug 20, 2010 4:00am
- Joined Jan 2008 | Status: Pipaholics make better lovers ;) | 1,002 Posts
[quote=AdrianHNV;3963381]Long live the 'shorts'.............. especially the drinking kind 
[/quoteut up !!
i don't like your tone of voice mister!
..... 
[/quoteut up !! i don't like your tone of voice mister!
..... - #247,428
- Aug 20, 2010 4:01am Aug 20, 2010 4:01am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
about to kiss my buy limit 5520 for a 100 pip ride
http://img827.imageshack.us/img827/331/70044690.gif
http://img827.imageshack.us/img827/331/70044690.gif
- #247,429
- Aug 20, 2010 4:02am Aug 20, 2010 4:02am
- Joined Jan 2008 | Status: Pipaholics make better lovers ;) | 1,002 Posts
next line in the sand 5500... 
- #247,431
- Aug 20, 2010 4:03am Aug 20, 2010 4:03am
- Joined Dec 2008 | Status: Trader | 2,753 Posts
any body tht shorted this morning has balls of steel nice if you did though.
Take a look at the Dollar Index Daily chart. If you were trading this alone, would you say it was bearish right now? Considering the significant rebound after yesterdays terrible US data? And it closed pretty much where it opened.
Not to mention the significant bullish divergence that has still to play out. Dollar bears gunna get their arses handed to them over the coming weeks I think, but we'll see.
- #247,432
- Aug 20, 2010 4:04am Aug 20, 2010 4:04am
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
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I'd rather make money than be right.
- #247,433
- Aug 20, 2010 4:04am Aug 20, 2010 4:04am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #247,434
- Aug 20, 2010 4:07am Aug 20, 2010 4:07am
- Joined Oct 2009 | Status: Trader | 15,211 Posts
let's see if it can make a come back from 155 this time
No news today to help out, but Gilts are dropping to a level not seen in over a year.
- #247,435
- Aug 20, 2010 4:09am Aug 20, 2010 4:09am
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
*******************
I'd rather make money than be right.
- #247,436
- Aug 20, 2010 4:09am Aug 20, 2010 4:09am
- | Joined Apr 2010 | Status: AFRIKANER :D | 449 Posts
Short was the most obvious trade for all XXX/USD pairs IMO.
Take a look at the Dollar Index Daily chart. If you were trading this alone, would you say it was bearish right now? Considering the significant rebound after yesterdays terrible US data? And it closed pretty much where it opened.
Not to mention the significant bullish divergence that has still to play out. Dollar bears gunna get their arses handed to them over the coming weeks I think, but we'll see.
Attachment
But i would not of thought of shorting g/u, also dont want to go to far of my method i trade lol, but if you made profit off it then well deserved.
- #247,437
- Aug 20, 2010 4:10am Aug 20, 2010 4:10am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
- #247,440
- Aug 20, 2010 4:12am Aug 20, 2010 4:12am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
any body tht shorted this morning has balls of steel nice if you did though.
