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Cable Update (GBPUSD)

  • #263,741
  • Nov 9, 2010 4:28am Nov 9, 2010 4:28am
It is unbelievable how many professional currency dealer idiots are sitting in front of their screens and watching the British trade deficit rising ! Borderless stupidity must be punished and whoever is not listening to Bank of Englandīs King that England needs lower currency rates to compensate 500.000 losing jobs in the public sector - is either a professional moron or wishes to destroy the UKīs competitiveness !
________________________________ Errare humanum est
  • #263,742
  • Nov 9, 2010 4:38am Nov 9, 2010 4:38am
Quoting MisterTrader
whoever is not listening to Bank of Englandīs King...
You're always coming on here saying everyone should listen to Mervyn King...lol
  • #263,743
  • Nov 9, 2010 4:50am Nov 9, 2010 4:50am
Quoting chazzle
You're always coming on here saying everyone should listen to Mervyn King...lol
Obviously these elite group of crooks would sell their own mothers/sisters for money so why would they give a crap about us. Lets just ride the markets to the best of our abilities and see what crumbs we collect. Hopefully with the right trading plans and good MM we can not fall victims to the big boys manipulations. Lets make pips people and ignore the BS.

This up move seems to be quite strong so won't be jumping short any time soon. I see resistance at 1.6223 as well as 1.6293, so will wait until then to consider another trade.
You've got to be IN IT to WIN IT!
  • #263,744
  • Nov 9, 2010 5:00am Nov 9, 2010 5:00am
Quoting Ifty
This up move seems to be quite strong so won't be jumping short any time soon. I see resistance at 1.6223 as well as 1.6293, so will wait until then to consider another trade.
Agreed, i do see some resistance at 1.6170 also though
Enter Signature
  • #263,745
  • Nov 9, 2010 5:17am Nov 9, 2010 5:17am
sold @ 1.61477
  • #263,746
  • Nov 9, 2010 5:47am Nov 9, 2010 5:47am
Quoting marcucci
Iīm trading live with Hotforex.com and Iīm happy with them. Spread is right now 0,8-1,5pip on Currenex account.
How long and did u withdrew, thants?
  • #263,747
  • Nov 9, 2010 6:08am Nov 9, 2010 6:08am
desc utl & w1 pvp breach. back to bullish.
Attached Image (click to enlarge)
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Thank You
  • #263,748
  • Nov 9, 2010 6:12am Nov 9, 2010 6:12am
Quoting darrenware
Agreed, i do see some resistance at 1.6170 also though
I see resistance 16180 - 16220 area . I am short 16170
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  • #263,749
  • Nov 9, 2010 6:15am Nov 9, 2010 6:15am
what do you guys think would be the effect of the G 20 meeting on Nov 11th - 12th? Is it going to be another strong dollar like the previous one?
  • #263,750
  • Nov 9, 2010 6:15am Nov 9, 2010 6:15am
Quoting chazzle
I see resistance 16180 - 16220 area . I am short 16170
the biggest resistance since yesterday was the w1 pvp chaz. cable now is trading above it
Thank You
  • #263,751
  • Nov 9, 2010 6:15am Nov 9, 2010 6:15am
Quoting chazzle
I see resistance 16180 - 16220 area . I am short 16170
Your latter resistance seems more appropriate but by that time you can be -50 pips so just be careful. I hope it does retrace from here but it seems to be holding quite strong and for quite some time as well. My thoughts now are more on the 1.63 level. If that level is broken then 1.66-67 possible or a drop back down again towards 1.60 or below. Lets see what happens.
You've got to be IN IT to WIN IT!
  • #263,752
  • Nov 9, 2010 6:18am Nov 9, 2010 6:18am
Quoting chazzle
I see resistance 16180 - 16220 area . I am short 16170
out for a handful cos WB says bullish
  • #263,753
  • Nov 9, 2010 6:19am Nov 9, 2010 6:19am
Good Luck....i am undecided at the moment on direction

Quoting chazzle
I see resistance 16180 - 16220 area . I am short 16170
Enter Signature
  • #263,754
  • Nov 9, 2010 6:21am Nov 9, 2010 6:21am
Quoting chazzle
out for a handful cos WB says bullish
Enter Signature
  • #263,755
  • Nov 9, 2010 6:22am Nov 9, 2010 6:22am
Quoting chazzle
out for a handful cos WB says bullish
it was just a heads up.
Thank You
  • #263,756
  • Nov 9, 2010 6:23am Nov 9, 2010 6:23am
TP2 HIT! Sl set to TP1 final TP3 is set to 6250

Quoting scurt
TP1 HIT! SL set to BE
TP3 calculated for 6250

Quoting scurt
Long 6105 SL6065 tp1 6130 tp2 6170 tp3 undecided yet depends on news within 30 min.

reasons:
15M 2 nice hammers
unable to close below S1
200EMA on H1 should provide some support
created llow, hhigh
  • #263,757
  • Nov 9, 2010 6:25am Nov 9, 2010 6:25am
Quoting wormboy
it was just a heads up.
Very useful when you give PA updates in respect to pivots,thanks
  • #263,758
  • Nov 9, 2010 6:29am Nov 9, 2010 6:29am
Quoting wormboy
it was just a heads up.
So many great traders seem to come and go but you are one of those who regularly contributes and helps. Could not do without you WB. Keep it up bro.
You've got to be IN IT to WIN IT!
  • #263,759
  • Nov 9, 2010 6:33am Nov 9, 2010 6:33am
Quoting chazzle
Very useful when you give PA updates in respect to pivots,thanks

you're welcome my friend.
Keep an eye on the monthly resistance @6203.
I'm long myself with stop place @1.6040, & targeting previous week's high first.
Will only reevaluate the current trade position if price dips back below the pivot.

Right I'm off, have a good one
Thank You
  • #263,760
  • Nov 9, 2010 6:36am Nov 9, 2010 6:36am
Quoting Ifty
So many great traders seem to come and go but you are one of those who regularly contributes and helps. Could not do without you WB. Keep it up bro.
I'm not a great trader
Hope you are trading well, I'll catch you later. Movie time with the ladyboss

Have a good one brother!
Thank You
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