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Cable Update (GBPUSD)

  • #276,561
  • Apr 15, 2011 7:05am Apr 15, 2011 7:05am
Quoting albchr
"Feels" like? You mean "looks" like via your charts, right?

But then, (and this is just my personal view), I'd say no one is dominating or else price would be MOVING! LOL
Well then, that part is very correct. I just try to do analysis in this slowpoke market and it just "appears" to be dominated by bullish. I have tried to trade without any indicators and so far things are quite good but probably I tend to over analyze the situation because I need something to confirm what I do.
  • #276,562
  • Apr 15, 2011 7:07am Apr 15, 2011 7:07am
Quoting _BBKing_
all waitin for this white bear...

gosh i thought all were waiting for the white bear n the lady for me.....
ok ok...

me first, then all the others
90% of traders use TA, indicators and prediction
  • #276,563
  • Apr 15, 2011 7:10am Apr 15, 2011 7:10am
Quoting _BBKing_
gosh i thought all were waiting for the white bear n the lady for me.....
ok ok...

me first, then all the others
You can do the bear, and I'd do the lady
  • #276,564
  • Apr 15, 2011 7:10am Apr 15, 2011 7:10am
Quoting _BBKing_
all waitin for this white bear...
I don't know where you got it, but I'll thank you NOT to post anymore pictures of my girlfriend........Yea.... ...Right...
Ghost Rider - WWTBMD?
  • #276,565
  • Apr 15, 2011 7:12am Apr 15, 2011 7:12am
Quoting ohimae
BEAR TRAP?
Good day to you,

Sorry - I am just messing around.

That picture is one of the safest forex pics to post, as it can be interpreted in both ways. Either a "bear trap" like you suggested, or a trap by the bear for the bulls..

It is extremely challenging to decide on direction right now. Either short @ 1.6375-1.6385, or long @ 1.6310 - 1.6320 - for scalps.

If one had to decide for GU based on EU, probability is down rather than up.( if there is correlation) But this is just my opinion. Things change in a heartbeat.

I am not even going to attempt directional bias at this point.

Regards
  • #276,566
  • Apr 15, 2011 7:14am Apr 15, 2011 7:14am
Quoting 0rPhioZ
You can do the bear, and I'd do the lady
if I do the "bear" I can buy a lot of ladies after
  • #276,567
  • Apr 15, 2011 7:14am Apr 15, 2011 7:14am
Quoting _BBKing_
hihihiihih

guys im so bored.... i think i call this "a week"
now big data coming from usa
big boys will do their dirty jobs n burn billions of stops
and price will go nowhere n close same opening price.

unless us dollar wake up

meanwhile.....
i go for a walk on sunny day
Best "trading" advice I've heard all week!
Ghost Rider - WWTBMD?
  • #276,568
  • Apr 15, 2011 7:18am Apr 15, 2011 7:18am
Quoting 0rPhioZ
You can do the bear, and I'd do the lady
if you are a lady.... ok
90% of traders use TA, indicators and prediction
  • #276,569
  • Apr 15, 2011 7:18am Apr 15, 2011 7:18am
Quoting albchr
I don't know where you got it, but I'll thank you NOT to post anymore pictures of my girlfriend........Yea.... ...Right...
90% of traders use TA, indicators and prediction
  • #276,570
  • Apr 15, 2011 7:19am Apr 15, 2011 7:19am
Quoting albchr
Best "trading" advice I've heard all week!
tks
90% of traders use TA, indicators and prediction
  • #276,571
  • Apr 15, 2011 7:21am Apr 15, 2011 7:21am
its just ranging..im out for today.
  • #276,572
  • Apr 15, 2011 7:21am Apr 15, 2011 7:21am
UK exposure to EuroLand, and Moody's downgrade of Irish debt today, after yesterday's comment upon Greece and Portugal, and suspicion of rumblings in Spain may help to drag Sterling lower for the end of play today.

Of course, all eyes are probably on what money will do with the Core CPI out of the US.

Quoting TauTrader
Good day to you,

Sorry - I am just messing around.

That picture is one of the safest forex pics to post, as it can be interpreted in both ways. Either a "bear trap" like you suggested, or a trap by the bear for the bulls..

It is extremely challenging to decide on direction right now. Either short @ 1.6375-1.6385, or long @ 1.6310 - 1.6320 - for scalps.

If one had to decide for GU based on EU, probability is down rather than up.( if there is correlation) But this is just my opinion. Things change in a heartbeat.

I...
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #276,573
  • Apr 15, 2011 7:22am Apr 15, 2011 7:22am
Quoting _BBKing_
if you are a lady.... ok
LOL. okay, another 10 minutes. It's raining out there, giving the atmosphere before the news...
  • #276,574
  • Apr 15, 2011 7:26am Apr 15, 2011 7:26am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Dollar buying will drag anything down but Wouldn't this let EG to run downwards and pound to be protected I'd assume?



Quoting 45Condor
UK exposure to EuroLand, and Moody's downgrade of Irish debt today, after yesterday's comment upon Greece and Portugal, and suspicion of rumblings in Spain may help to drag Sterling lower for the end of play today.

Of course, all eyes are probably on what money will do with the Core CPI out of the US.
  • #276,575
  • Apr 15, 2011 7:40am Apr 15, 2011 7:40am
USD News did not create much effect. Dont you think so?
  • #276,576
  • Apr 15, 2011 7:42am Apr 15, 2011 7:42am
Maybe, but fundies have really been funny as of late, I cannot ignore the exposure risks for Sterling.

Regardless, it will be big money that decides...

Quoting ams
Dollar buying will drag anything down but Wouldn't this let EG to run downwards and pound to be protected I'd assume?
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #276,577
  • Apr 15, 2011 7:45am Apr 15, 2011 7:45am
Quoting MartinMyster
USD News did not create much effect. Dont you think so?

let wall street guys to work n you will see the effect of that CPI.....
ihihih
90% of traders use TA, indicators and prediction
  • #276,578
  • Apr 15, 2011 7:46am Apr 15, 2011 7:46am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
They already have mate....look at EG, EU and GU ..


Quoting 45Condor
Maybe, but fundies have really been funny as of late, I cannot ignore the exposure risks for Sterling.

Regardless, it will be big money that decides...
  • #276,579
  • Apr 15, 2011 7:47am Apr 15, 2011 7:47am
Quoting 45Condor
UK exposure to EuroLand, and Moody's downgrade of Irish debt today, after yesterday's comment upon Greece and Portugal, and suspicion of rumblings in Spain may help to drag Sterling lower for the end of play today.

Of course, all eyes are probably on what money will do with the Core CPI out of the US.
Good day to you,

Thank you for taking the time to post. I do admire your general fundamental knowledge and awareness. I do.

I am terrible with this portion of the Forex package.

I think your take is correct. I went short already @ 1.6357 as a start - could not get momentum to my 1.637x short scalp entry zone.

So figured if I was to enter there, I could build a short towards that anyway.... to exit @ 1.6320 and reverse

all the best

Regards
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  • #276,580
  • Edited 8:01am Apr 15, 2011 7:48am | Edited 8:01am
Quoting 0rPhioZ
Well then, that part is very correct. I just try to do analysis in this slowpoke market and it just "appears" to be dominated by bullish. I have tried to trade without any indicators and so far things are quite good but probably I tend to over analyze the situation because I need something to confirm what I do.
I understand. Analysis is good and quite necessary in this business. But "over analyzing" is an account killer. I also tend to over analyze EVERYTHING in life. I've been through so much in my learning curve (trying this, trying that, indicators, "systems" and such) that my head literally hurt a LOT and at the end of the day, I was more confused and generally a little poorer...LOL Especially in conditions like this. We want to trade so badly that we start looking for anything we can justify as a chance to pull that trigger. Unfortunately, when we do that, we "usually" FIND things that aren't really there.

Most of the long time regulars here on FF (that I've learned much from) can attest to what I've been through in learning to trade. Hence my signature tag which I put there long ago to remind me of what I've always known, but didn't "always" follow. KISS!!

Most know this as I do but I have to continually remind myself of... "knowing when NOT to trade is FAR more important than knowing when TO trade"

I'd rather miss a good trade than be in a bad one!

Still learning.....
Ghost Rider - WWTBMD?
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