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Cable Update (GBPUSD)

  • #273,921
  • Mar 11, 2011 8:30am Mar 11, 2011 8:30am
  •  Sahil
  • | Joined Jan 2009 | Status: Options Trader - Commodities & FX | 24 Posts
Quoting Riskee
Well, that's a great question , the way I see it , the $$ is a safe haven despite a Tsunami hitting a US coast , what increases this probability , is one this happens , DJ is likely to fall and Markets globally would seek Liquidity , the same as happened with Japan . But this time the US dollar will appreciate , also the Yen will gain further momentum ....so Overall this is the conclusion :
Winners are Dollar , Yen and Frank. :nerd:
Thanks for ur reply and I also thinks the same. If anyone else think the other way, please reply
  • #273,922
  • Mar 11, 2011 8:47am Mar 11, 2011 8:47am
Quoting Sahil
Thanks for ur reply and I also thinks the same. If anyone else think the other way, please reply
i let my long on gbp usd running tgt open med-long term trade.
now stops @BE
90% of traders use TA, indicators and prediction
  • #273,923
  • Mar 11, 2011 8:51am Mar 11, 2011 8:51am
If price breaks clear through 16127...good place to short would be around 16065 /16085..... dont follow me i'm just talking aloud.
Gotta go out... dont listen to me i'm only the Cats mother.
All systems of divination, like music itself,work through patterns.
  • #273,924
  • Mar 11, 2011 9:17am Mar 11, 2011 9:17am
Quoting _BBKing_
i let my long on gbp usd running tgt open med-long term trade.
now stops @BE
Same going for the two fib points 6060 and 6085 (in a bit late 6018 and 6025).
Attached Image (click to enlarge)
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  • #273,925
  • Mar 11, 2011 9:18am Mar 11, 2011 9:18am
Quoting Sahil
Thanks for ur reply and I also thinks the same. If anyone else think the other way, please reply
The dollar has lost its international shine. Frank and Jennie seem to be more in favour, but that does not mean that the dollar will appreciate. By the time the Tsunami hits the US, the markets will probably be closed and people will have been able to prepare themselves for the oncoming disaster hopefully meaning there will be no loss of life. There will be destruction but these material things can be rebuilt.
  • #273,926
  • Mar 11, 2011 9:21am Mar 11, 2011 9:21am
http://www.tradingacademy.com/lesson...ed_article.htm

An article written by one of my instructors and a great trader too. He is in London on the 22nd March and I am looking forward to seeing him again.

Enjoy your weekend!
  • #273,927
  • Mar 11, 2011 9:38am Mar 11, 2011 9:38am
Quoting bbakker
This is what I am looking at -

Attachment
Nice reaction of this demand level that I posted yesterday. Here is the updated chart. I didn't trade this one today for several reasons, one of which is that today is Friday and since I generally trade of the higher timeframes, I do not open new positions before Friday's close.

Attached Image (click to enlarge)
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Have a nice weekend!
  • #273,928
  • Mar 11, 2011 12:01pm Mar 11, 2011 12:01pm
Quoting bbakker
The dollar has lost its international shine. Frank and Jennie seem to be more in favour, but that does not mean that the dollar will appreciate. By the time the Tsunami hits the US, the markets will probably be closed and people will have been able to prepare themselves for the oncoming disaster hopefully meaning there will be no loss of life. There will be destruction but these material things can be rebuilt.
Actually it's quite a nice day here in Venice Beach. I'll bring some vodka in anticipation of some tsunami sightseeing.
  • #273,929
  • Mar 11, 2011 12:19pm Mar 11, 2011 12:19pm
Quoting bbakker
http://www.tradingacademy.com/lesson...ed_article.htm

An article written by one of my instructors and a great trader too. He is in London on the 22nd March and I am looking forward to seeing him again.

Enjoy your weekend!
I so love this man ..Sam Seiden..."one of the best antidotes for fear is love".
No Fear..great weekend all.
All systems of divination, like music itself,work through patterns.
  • #273,930
  • Mar 11, 2011 12:47pm Mar 11, 2011 12:47pm
Quoting forexcompoun
Buy GU @ 1.5986 TP 1.6060 sl 1.5936
Reason: 15min channel bottom tested and held as support.
Happy trading!
Meshach.
That was an amazingly easy 74-pip trade. Target hit in just a couple of hours in NY session.
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  • #273,931
  • Mar 11, 2011 1:06pm Mar 11, 2011 1:06pm
Quoting forexcompoun
That was an amazingly easy 74-pip trade. Target hit in just a couple of hours in NY session.
Nice trade
  • #273,932
  • Mar 11, 2011 1:51pm Mar 11, 2011 1:51pm
Quoting Kwackers
Same going for the two fib points 6060 and 6085 (in a bit late 6018 and 6025).
Hit first TP at 60590 for 32 pips. 54 pips up on current trade but using 20 pip trailing stop, so could stop out if we get a small restracement.
  • #273,933
  • Mar 11, 2011 2:39pm Mar 11, 2011 2:39pm
Quoting FxPlayboy
Indeed, i personally think if GU didn't close below 1.6 we'll be going up. PPI news in less an hour thou.
Today's candle is forming a very long wick doji unable to close below 1.6. Seems like our daily trend will continues bullish. Have a nice weekend guys and come back fresh for next week trading
Make it rain baby
  • #273,934
  • Mar 11, 2011 3:12pm Mar 11, 2011 3:12pm
Quoting bbakker
http://www.tradingacademy.com/lesson...ed_article.htm

An article written by one of my instructors and a great trader too. He is in London on the 22nd March and I am looking forward to seeing him again.

Enjoy your weekend!
Thanx for that Brain...it was written for me...
workin my way through his many webinars, just not enough hours in the day for me....
  • #273,935
  • Mar 11, 2011 4:28pm Mar 11, 2011 4:28pm
Quoting bbakker
http://www.tradingacademy.com/lesson...ed_article.htm

An article written by one of my instructors and a great trader too. He is in London on the 22nd March and I am looking forward to seeing him again.

Enjoy your weekend!
very good sharing!!
very good!
90% of traders use TA, indicators and prediction
  • #273,936
  • Mar 11, 2011 5:12pm Mar 11, 2011 5:12pm
Quoting forexcompoun
That was an amazingly easy 74-pip trade. Target hit in just a couple of hours in NY session.
I missed this thread today!
I think it is very good!

I went long same exact level (5980) but with completely different reasons!
And i did not see that confirmation on the chart.
I have everyday something to learn

Very good
90% of traders use TA, indicators and prediction
  • #273,937
  • Mar 11, 2011 5:34pm Mar 11, 2011 5:34pm
nice trade guys, I'm completely bullish on this pair with the impending UK interest rate rise
  • #273,938
  • Mar 11, 2011 11:10pm Mar 11, 2011 11:10pm
i just find ,there are less people posted here than the EU area. why ?
A chart helps those who can read it.
  • #273,939
  • Mar 12, 2011 1:03am Mar 12, 2011 1:03am
Quoting geniusztc
i just find ,there are less people posted here than the EU area. why ?
Because we have longer attention spans. I trade the Euro plenty, doesn't mean I want to keep up with that endless thread.
  • #273,940
  • Mar 12, 2011 1:06am Mar 12, 2011 1:06am
Quoting _BBKing_
I have everyday something to learn
Keep that up and you'll do fine.
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