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Cable Update (GBPUSD)

  • #248,621
  • Aug 25, 2010 7:34am Aug 25, 2010 7:34am
when U.S. market opens at 9:30am, then the real fun begins
  • #248,622
  • Aug 25, 2010 7:39am Aug 25, 2010 7:39am
Quoting joemiami
when U.S. market opens at 9:30am, then the real fun begins
Is there going to beeee a party
  • #248,623
  • Aug 25, 2010 7:39am Aug 25, 2010 7:39am
I screwed it up well...
Too small S/L and broke out before he would have gone up... -1.7$
  • #248,624
  • Aug 25, 2010 7:42am Aug 25, 2010 7:42am
Quoting Mészike
I screwed it up well...
Too small S/L and broke out before he would have gone up... -1.7$
dont worry..i remember what u are going through..just remain calm and dont enter a war with the market..she gonna make a new hole if u try
  • #248,625
  • Aug 25, 2010 7:46am Aug 25, 2010 7:46am
Quoting nAVIN2007
dont worry..i remember what u are going through..just remain calm and dont enter a war with the market..she gonna make a new hole if u try
Ok

New Home Sales, maybe again go up?

Existing Home Sales - 1.5400 -> go up 1.5480
  • #248,626
  • Aug 25, 2010 7:47am Aug 25, 2010 7:47am
Quoting AdrianHNV
Is there going to beeee a party

YUP!...with Jack Daniels and coke drinks and lots of nude girls!
Will tip the girls with pip coins
  • #248,627
  • Aug 25, 2010 7:48am Aug 25, 2010 7:48am
Quoting AdrianHNV
Is there going to beeee a party
yah man, a forex party!
  • #248,628
  • Aug 25, 2010 7:48am Aug 25, 2010 7:48am
Quoting joemiami
YUP!...with Jack Daniels and coke drinks and lots of nude girls!
Will tip the girls with pip coins
i see you're excited!
  • #248,629
  • Aug 25, 2010 7:53am Aug 25, 2010 7:53am
Quoting joemiami
YUP!...with Jack Daniels and coke drinks and lots of nude girls!
Will tip the girls with pip coins
  • #248,630
  • Aug 25, 2010 7:53am Aug 25, 2010 7:53am
Quoting Mészike
Ok

New Home Sales, maybe again go up?

Existing Home Sales - 1.5400 -> go up 1.5480

cannot predict market emotion..trade to elimate emotion..in other word stay out when news is released..unless u have a system taking it into account
  • #248,631
  • Aug 25, 2010 7:54am Aug 25, 2010 7:54am
Quoting witsnpips
i see you're excited!
Actually. I'll be more excited when the new home sales data comes out, make some pippage off that move, then i can finally get some sleep. I haven't gone to sleep since Tues night
  • #248,632
  • Aug 25, 2010 8:00am Aug 25, 2010 8:00am
Quoting joemiami
Actually. I'll be more excited when the new home sales data comes out, make some $$ off that move, then i can finally get some sleep. I haven't gone to sleep since Tues night
Well with all the $$$$$$$$$$ you'll be making you'll be able to sleep for a week
  • #248,633
  • Aug 25, 2010 8:17am Aug 25, 2010 8:17am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
As noticed... We do not have a seller in pound, rather a buyer. Don't see it going anywhere before friday (GDP).

Enjoy another range..

ta
ams



Quoting ams
Look at everything eu,aus, kiwi else other than cable, tanking...
usd/chf,cad going up.

seems we have a buyer or someone protecting her..

ta
ams
  • #248,634
  • Aug 25, 2010 8:17am Aug 25, 2010 8:17am
Well, the M15 200 EMA seems to be the line in the sand as of current. A little positive mo on the day but not really a great range as of yet.

Took some profit, holding one lot to see if we gain a little more juice.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #248,635
  • Aug 25, 2010 8:19am Aug 25, 2010 8:19am
Quoting Magix
Well, the M15 200 EMA seems to be the line in the sand as of current. A little positive mo on the day but not really a great range as of yet.

Took some profit, holding one lot to see if we gain a little more juice.
yes, lets see if that line holds to short again...
  • #248,636
  • Aug 25, 2010 8:24am Aug 25, 2010 8:24am
i think 1.5478 is good pint to short gu again
  • #248,637
  • Aug 25, 2010 8:24am Aug 25, 2010 8:24am
iv showed such poor discipline today, instead of exiting up 40 pips at 1.54 iv waited for it to drop further & it never did, to do this once is amateur but to do this three times is poor stupidity, I could have shorted from 1.4550 again and again n made my pips rather than waiting for it to fall to 1.5370
  • #248,638
  • Aug 25, 2010 8:24am Aug 25, 2010 8:24am
Quoting joemiami
yes, lets see if that line holds to short again...
Overall, not that confident in the long position right now...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #248,639
  • Aug 25, 2010 8:28am Aug 25, 2010 8:28am
Quoting monkey@forex
iv showed such poor discipline today, instead of exiting up 40 pips at 1.54 iv waited for it to drop further & it never did, to do this once is amateur but to do this three times is poor stupidity, I could have shorted from 1.4550 again and again n made my pips rather than waiting for it to fall to 1.5370
Don't beat yourself up here my friend. Sideways range days can be a little tough to play out.

If you get into the situation where you are chasing and taking premature exits, poor discipline will end up costing you a lot more.

Patience is still the name of the game.

Understanding that we are at a pretty heavy support area here might help, but given the market...it still is anybodies guess.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #248,640
  • Aug 25, 2010 8:33am Aug 25, 2010 8:33am
Quoting Magix
Don't beat yourself up here my friend. Sideways range days can be a little tough to play out.

If you get into the situation where you are chasing and taking premature exits, poor discipline will end up costing you a lot more.

Patience is still the name of the game.

Understanding that we are at a pretty heavy support area here might help, but given the market...it still is anybodies guess.
Think bbaker has mentioned it as well but I try and have 3 different targets in mind when I take a trade.

For example, 1st target will be 10 pips away so close one part of your trade, 2nd target might be 25 pips away so close a second part of your trade and just let the 3rd part run and move s/l up each time an area of resistance is passed. That way, you can ensure that you take some profit instead of leaving it on the table...
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