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Cable Update (GBPUSD)

  • #262,201
  • Oct 28, 2010 10:59am Oct 28, 2010 10:59am
mmmm...

wave 5 done?
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Verily, in every difficulties there is relief
  • #262,202
  • Oct 28, 2010 11:01am Oct 28, 2010 11:01am
Quoting trending


The shorters needs to start learning how to read the news. 1.53 my ass.
lets c
Verily, in every difficulties there is relief
  • #262,203
  • Oct 28, 2010 11:04am Oct 28, 2010 11:04am
sold for first a test @909 subltl. If the ltl fails, price will likely retest 5800 level.
Else, it's back up. Hope I don't get kicked in the balls before the 909 test.
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Thank You
  • #262,204
  • Oct 28, 2010 11:06am Oct 28, 2010 11:06am
Quoting wormboy
sold for first a test @909 subltl. If the ltl fails, price will likely retest 5800 level.
Else, it's back up. Hope I don't get kicked in the balls before the 909 test.
yo matey glad to see you back
Verily, in every difficulties there is relief
  • #262,205
  • Oct 28, 2010 11:10am Oct 28, 2010 11:10am
Quoting primzvicious
yo matey glad to see you back
I never left mate. how you been?
Thank You
  • #262,206
  • Oct 28, 2010 11:10am Oct 28, 2010 11:10am
Quoting Fudomyo
nicely done

thanks u also nice job..
  • #262,207
  • Oct 28, 2010 11:10am Oct 28, 2010 11:10am
help me, there are my chart with my open positions, please help me go out without lose. What I need to do?
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  • #262,208
  • Oct 28, 2010 11:14am Oct 28, 2010 11:14am
Quoting wormboy
I never left mate. how you been?
mmm today not good i guess... early shorted and switched but still cannot cover the losses... hope this shorties paid me back
Verily, in every difficulties there is relief
  • #262,209
  • Oct 28, 2010 11:16am Oct 28, 2010 11:16am
Quoting Erinieks
help me, there are my chart with my open positions, please help me go out without lose. What I need to do?
looks to me a prayer mat only answer.
  • #262,210
  • Oct 28, 2010 11:17am Oct 28, 2010 11:17am
Quoting primzvicious
mmm today not good i guess... early shorted and switched but still cannot cover the losses... hope this shorties paid me back
ah, no worries you'll get them back
Thank You
  • #262,211
  • Oct 28, 2010 11:21am Oct 28, 2010 11:21am
Quoting wormboy
ah, no worries you'll get them back
hopefully
Verily, in every difficulties there is relief
  • #262,212
  • Oct 28, 2010 11:22am Oct 28, 2010 11:22am
Quoting trending


The shorters needs to start learning how to read the news. 1.53 my ass.
The longers need to start learning how to read the charts. 1.65 my ass... lol
  • #262,213
  • Oct 28, 2010 11:23am Oct 28, 2010 11:23am
Quoting trending


The shorters needs to start learning how to read the news. 1.53 my ass.
Not so.

This is an instance where a news release and price acted in tangent, but that's not always the case. Many times it's priced in prior to release and the markets utilize the news to catch uninformed traders off guard. If you want to work in absolutes, ignore all news except for an awareness that releases will create volatility. Outside of that, there is no way to establish a metric based on how and when news hits the mainstream. Even with a Reuters feed, it isn't always a guarantee that price will respond how you think it will.

Fundi trading is a very difficult and specialized market approach that I have a great respect for. The post you responded to was just a lucky guess by an uninformed trader.
  • #262,214
  • Oct 28, 2010 11:27am Oct 28, 2010 11:27am
Quoting Erinieks
help me, there are my chart with my open positions, please help me go out without lose. What I need to do?
My question to you is, because I find this very puzzling, is that you sold on the way up and then right at the top you bought!!! Now why would you do that?

My advice is when you want to click on the buy button, click sell instead, and vice versa! You'll be minted in no time... lol

On a serious note, I cannot help you get out of this one WITHOUT a loss!
  • #262,215
  • Oct 28, 2010 11:32am Oct 28, 2010 11:32am
Quoting Fudomyo
Not so.

This is an instance where a news release and price acted in tangent, but that's not always the case. Many times it's priced in prior to release and the markets utilize the news to catch uninformed traders off guard. If you want to work in absolutes, ignore all news except for an awareness that releases will create volatility. Outside of that, there is no way to establish a metric based on how and when news hits the mainstream. Even with a Reuters feed, it isn't always a guarantee that price will respond how you think it will.

Fundi...
well said fudo
Verily, in every difficulties there is relief
  • #262,216
  • Oct 28, 2010 11:33am Oct 28, 2010 11:33am
Quoting bbakker
My question to you is, because I find this very puzzling, is that you sold on the way up and then right at the top you bought!!! Now why would you do that?

My advice is when you want to click on the buy button, click sell instead, and vice versa! You'll be minted in no time... lol

On a serious note, I cannot help you get out of this one WITHOUT a loss!
but what you can do, how can you help me?
  • #262,217
  • Oct 28, 2010 11:36am Oct 28, 2010 11:36am
Quoting Fudomyo
Not so.

This is an instance where a news release and price acted in tangent, but that's not always the case. Many times it's priced in prior to release and the markets utilize the news to catch uninformed traders off guard. If you want to work in absolutes, ignore all news except for an awareness that releases will create volatility. Outside of that, there is no way to establish a metric based on how and when news hits the mainstream. Even with a Reuters feed, it isn't always a guarantee that price will respond how you think it will.

Fundi trading...


Don't really care if it goes up to 1.65 or 1.53. Just unhappy with those who are so sure about it and posting stupid pictures and videos.

Read my nick.
  • #262,218
  • Oct 28, 2010 11:38am Oct 28, 2010 11:38am
Quoting Erinieks
help me, there are my chart with my open positions, please help me go out without lose. What I need to do?
it'll need days buddy to close all your position,may be weeks.i need to know your lot size of all your sell and buy order, may be i can help you min your lost
yesterday was good, today is the best, tomorrow is amazing.....
  • #262,219
  • Oct 28, 2010 11:38am Oct 28, 2010 11:38am
Quoting wormboy
sold for first a test @909 subltl. If the ltl fails, price will likely retest 5800 level.
Else, it's back up. Hope I don't get kicked in the balls before the 909 test.
5792 to be exact... lol.. IF she breaks 909 and the tl.

My 250 pip gain in EU has shrunk to 83 pips... lol. It is a freebie and if it goes any higher, I will just sell at a better price

I see Pip Stunner never took you up on your challenge... lol

Otherwise, you still taking plenty of dough from the markets, as always!
  • #262,220
  • Oct 28, 2010 11:39am Oct 28, 2010 11:39am
Quoting bbakker
The longers need to start learning how to read the charts. 1.65 my ass... lol
LOL, I needed that laugh!!!

We'll have to see where we close today. We're coming off the 1.598 top fairly quickly with some USD stability/strength returning, although we're into the NY/Chicago lunch-hour, so a retrace of the moves is fairly common.

Interesting though that S&P is coming undone, even with the POMO behind it - speaks to it being built in, or insufficient QE2 $$$'s. Regardless, we'll have to see where things head after 2pm EST. A close below 1.594 still remains bearish for cable, but tomorrow & that cable close will be telling. Since it's not a POMO day, and with it being a Friday, I'm going to expect a down day, perhaps aided by the 8:30 GDP news. Me thinks everything is building up to next week, pre-or-on-Nov-3 fed news, and we should see our directions set.

It's not that Sterling or the euro for that matter have any quality to them ... it's simply their repricing due to the weak USD.
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