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Cable Update (GBPUSD)

  • #269,181
  • Jan 20, 2011 3:28am Jan 20, 2011 3:28am
Quoting JuliusCeasar
How are your shorts coming along?




.
holding and holding and holding with 3305 target
doesnt matter if we will see 3305 lvl in 2 or 3 weeks. i wont close them.
no way.

Hero calls followed by margin calls...
  • #269,182
  • Jan 20, 2011 3:30am Jan 20, 2011 3:30am
Attached Image (click to enlarge)
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Put your hands in the air , Give me all your money ! !
  • #269,183
  • Jan 20, 2011 3:30am Jan 20, 2011 3:30am
Quoting PoundTrader
as i posted before i got out at 1.6043, now im short at 1.6029 don't have a T/P yet as you can see from my chart we could be in for a long downfall, good luck to all
what on your chart tells you/us that we '...could be in for a long downfall ..'

Thanks

G/L
ex member
  • #269,184
  • Jan 20, 2011 3:32am Jan 20, 2011 3:32am
Quoting bbmac
what on your chart tells you/us that we '...could be in for a long downfall ..'

Thanks

G/L
lol, we all reads charts in a diffrent way, once my red line face short i pretty much hold till it start to face long again, from my back testing my lines don't turn up or down so quickly, good luck to you
  • #269,185
  • Jan 20, 2011 3:34am Jan 20, 2011 3:34am
with my last posting, im prefer bull riht now... just wait and see
usd now weak because of oil now raise...
  • #269,186
  • Jan 20, 2011 3:36am Jan 20, 2011 3:36am
Quoting PoundTrader
lol, we all reads charts in a diffrent way, once my red line face short i pretty much hold till it start to face long again, from my back testing my lines don't turn up or down so quickly, good luck to you
Thank you for the explanation.

G/L
ex member
  • #269,187
  • Jan 20, 2011 3:36am Jan 20, 2011 3:36am
shorts are in play, we could also see a nice move up before and major move down, i just got in a little early so it all depends on your system, on my short at 1.6029 my s/l lost is at breakeven just for this reason, like always be careful and trade with common sense
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  • #269,188
  • Jan 20, 2011 3:38am Jan 20, 2011 3:38am
Quoting bbmac
Thank you for the explanation.

G/L
once 1.6060 broke theyll panic...

but dang current target 1.6024 seems became strong resistance now
Verily, in every difficulties there is relief
  • #269,189
  • Jan 20, 2011 3:40am Jan 20, 2011 3:40am
Quoting veer2010
BIS buys GBP/USD...
Great news Mr Veer. Shall thank you to know where we can track b/s figs of BIS. Good statistic to keep handly. If you can shed more light on this, would be an addition to general knowledge instead of just some "pipe dreams" of some posters who say " Bank will do this and do that". Far Better to know what they have done instead.

Vacuous posters have spoiled this thread - used to be very good - now an area of fish-market gossip.

So, thanks for your coperation.
  • #269,190
  • Jan 20, 2011 3:41am Jan 20, 2011 3:41am
Quoting primzvicious
once 1.6060 broke theyll panic...

but dang current target 1.6024 seems became strong resistance now
if there's a trader that panic then he or she shall not be trading
  • #269,191
  • Jan 20, 2011 3:42am Jan 20, 2011 3:42am
Move up recovery off current daily lo 5907 now challenging the previous 1hr swing hi zoine (previous resistance)

Overhead the unbreeched fibs of the moves down to that 5907 from 6059 and 6037 hi's.

G/L
Attached Image (click to enlarge)
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ex member
  • #269,192
  • Jan 20, 2011 3:42am Jan 20, 2011 3:42am
Quoting primzvicious
once 1.6060 broke theyll panic...

but dang current target 1.6024 seems became strong resistance now
6028-6030 key area
Hero calls followed by margin calls...
  • #269,193
  • Jan 20, 2011 3:42am Jan 20, 2011 3:42am
Quoting vilas
Great news Mr Veer. Shall thank you to know where we can track b/s figs of BIS. Good statistic to keep handly. If you can shed more light on this, would be an addition to general knowledge instead of just some "pipe dreams" of some posters who say " Bank will do this and do that". Far Better to know what they have done instead.

Vacuous posters have spoiled this thread - used to be very good - now an area of fish-market gossip.

So, thanks for your coperation.
whats up glad to see you here, just got your PM about 15min ago, i will respond a little later.
  • #269,194
  • Jan 20, 2011 3:45am Jan 20, 2011 3:45am
Quoting PhAnTi'
6028-6030 key area
Bulls & Bears Make Money, Pigs Get Slaughtered.
  • #269,195
  • Jan 20, 2011 3:45am Jan 20, 2011 3:45am
my humble opinion-it will go first to 1.61-62 and then fall back to 1.53
  • #269,196
  • Jan 20, 2011 3:46am Jan 20, 2011 3:46am
I feel very sorry for you guys... cable should have continued its journey south but suddenly, out of no where it has started to move north and almost covered 90 pips so far and targetting 1.6 again...
Since I was short on cable, it is moving against me.. I'm always on the losing side :-(
There is no news why cable has jumped all of a sudden... hope you guys get green pips in other pairs which i'm not trading..
  • #269,197
  • Jan 20, 2011 3:49am Jan 20, 2011 3:49am
Quoting redbeben
my humble opinion-it will go first to 1.61-62 and then fall back to 1.53
not to be rude but HUMBLE OPINIONS don't matter in this business only trading plans and systems.
  • #269,198
  • Edited 4:12am Jan 20, 2011 3:54am | Edited 4:12am
weekly resistance of 6013 is holding so far...... short at 5998 with tight stop just above
  • #269,199
  • Jan 20, 2011 3:54am Jan 20, 2011 3:54am
I try to have no opinion on what might happen next or where it might or might not go whether that be over the next minute, hour, day or week etc.., this only influences/affects my ability to take a clear set-up that is part of my trading edge, that may run contra to that pre-formed opinion. The old adage trade what you see not what you think applys. All we know from our analysis beit technical or fundamentally or howsoever based is what the greater probability is, no more...to think we can predict is a mistake.

G/L
ex member
  • #269,200
  • Jan 20, 2011 3:55am Jan 20, 2011 3:55am
Quoting PoundTrader
shorts are in play, we could also see a nice move up before and major move down, i just got in a little early so it all depends on your system, on my short at 1.6029 my s/l lost is at breakeven just for this reason, like always be careful and trade with common sense
this trade is a little premature base on my daily chart so i got my eye on this one
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