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Cable Update (GBPUSD)

  • #277,821
  • Apr 28, 2011 4:42am Apr 28, 2011 4:42am
Quoting sphinx8
what do you mean? bad news and USD will fail even more?
nope

it's just news meaning fundies which means manipulation which means bad things for traders that try to predict how will the market spike at news.

so unless you are trapped in a trade now just don't trade.
this market is more a game of mind than indies and real economic facts

don't get me wrong.I did study economics during university for 2 full years including micro and macro economy but still I see no link to what is happening in the magical world of forex

and as I am not a shark yet(I only have my jar of coins to trade with)and have no inside info in regard to following news I cannot rely on rumors

I just stay out of the noise.

if news will be good we will confirm further more the start of a pullback

if not....well....there is the wedding as well.told you Uk will be spreading flags on the streets now and not bother about their currency ))))))
  • #277,822
  • Apr 28, 2011 4:43am Apr 28, 2011 4:43am
Quoting Exciter135
Hi TauTrader,

Where is ur SL? Good pips to you.
@BE already. If taken out, I will buy again @ 1.6620 area at this stage.

All the best

Regards
  • #277,823
  • Apr 28, 2011 4:43am Apr 28, 2011 4:43am
Quoting TauTrader
Good day to you,
Stop @ BE+2
All success to you
That's the spirit! The same wishes go to you, too.
Gone to a better place
  • #277,824
  • Apr 28, 2011 4:45am Apr 28, 2011 4:45am
When do you think right time to go long?
  • #277,825
  • Apr 28, 2011 4:45am Apr 28, 2011 4:45am
Quoting PhAnTi'
i recommend 6619. below previous cluster, daily midlevel 3 and yesterdays high.
Thks PhanTi. Good pips to you.
  • #277,826
  • Apr 28, 2011 4:49am Apr 28, 2011 4:49am
Quoting PhAnTi'
i recommend 6619. below previous cluster, daily midlevel 3 and yesterdays high.
Hey phanti. You keep popping up. You are right, but I think BE +2 is the safest just before news, for a new trade. LOL. Just my opinion.
Gone to a better place
  • #277,827
  • Apr 28, 2011 4:50am Apr 28, 2011 4:50am
Quoting smikester
Hey phanti. You keep popping up. You are right, but I think BE +2 is the safest just before news, for a new trade. LOL. Just my opinion.
sure!
if you are even in profit move sl to be
Hero calls followed by margin calls...
  • #277,828
  • Apr 28, 2011 4:56am Apr 28, 2011 4:56am
i think 1.6610 -1.6625 a good place to go long because this is the 38.2% fibo projecting from 1.6429 to 1.6743 and also there is a good support in 1.6597
right or wrong ??
  • #277,829
  • Apr 28, 2011 4:57am Apr 28, 2011 4:57am
Quoting TauTrader
Good day,

Long went in @ 1.6639

Regards
Stopped out at +2. Now watch her fly.

Regards
  • #277,830
  • Apr 28, 2011 5:00am Apr 28, 2011 5:00am
Quoting bluefalcon
i think 1.6610 -1.6625 a good place to go long because this is the 38.2% fibo projecting from 1.6429 to 1.6743 and also there is a good support in 1.6597
right or wrong ??
Good day,

Correct. That would be a good area - with prime entry sitting @ 1.6560 - 1.6580 area

Regards
  • #277,831
  • Apr 28, 2011 5:08am Apr 28, 2011 5:08am
hmm watching the move
Attached Image (click to enlarge)
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be patient, self-belief and discipline... stay focus...
  • #277,832
  • Apr 28, 2011 5:13am Apr 28, 2011 5:13am
I have a sell in place @ 1.658 TP 1 @1.652,TP 2 @1.648-9
time span next 13 h to cross that level

we will have to go up in the meanwhile in order to have 50% confirmation

we'll see we'll see
  • #277,833
  • Apr 28, 2011 5:20am Apr 28, 2011 5:20am
Quoting ghblehjr
hi REDBEDEN, i do smth like you do, buy when others sell and sell when others buy, on GU if max at 1.67xx will stay i have target 1.626x. i'd like to ask you about EU my target if max 1.488x stay 1.452x, what you think about that. Only difference i don't know when the target will be hit. Thanks. Like all your posts very much,thanks for post them.
As he is not replying to you, and with respect to redbeben, who on his own admission is trading with some pesetas from a jar, I would refer you to this thread: http://www.forexfactory.com/showthread.php?t=39514 Here you will find some useful basics which you must learn before you start trading with money.
Gone to a better place
  • #277,834
  • Apr 28, 2011 5:21am Apr 28, 2011 5:21am
Quoting bluefalcon
hi redbeben
I'm new in forex and really i like your posts (all of them) and i wish that learn from you.
but i still have no strategy how to trade and i wish learn from you how to trade and how you enter the market? how you put tour TP & SL ?? i wish if you have time to tell me i'll appreciate that so much .

As he is not replying to you, and with respect to redbeben, who on his own admission is trading with some pesetas from a jar, I would refer you to this thread: http://www.forexfactory.com/showthread.php?t=39514 Here you will find some useful basics which you must learn before you start trading with money.
Gone to a better place
  • #277,835
  • Apr 28, 2011 5:40am Apr 28, 2011 5:40am
Quoting smikester
As he is not replying to you, and with respect to redbeben, who on his own admission is trading with some pesetas from a jar, I would refer you to this thread: http://www.forexfactory.com/showthread.php?t=39514 Here you will find some useful basics which you must learn before you start trading with money.
thank you very much bro
  • #277,836
  • Apr 28, 2011 5:40am Apr 28, 2011 5:40am
what is that? such bad US data a no bull? .... or bet yet right? better be carefull what I wish for....... I just can't trust 1.64 a lower today .....
  • #277,837
  • Apr 28, 2011 5:42am Apr 28, 2011 5:42am
hmm seem too dangerious im watch the move
be patient, self-belief and discipline... stay focus...
  • #277,838
  • Apr 28, 2011 5:46am Apr 28, 2011 5:46am
Those figures out of the USA are dreadful and might promote a correction in equities. We've been in a bull market recently. If there is a fall in equities then USD will get stronger, at least in the short term, as stock becomes cash. That would be my concern.
Gone to a better place
  • #277,839
  • Apr 28, 2011 5:46am Apr 28, 2011 5:46am
''tolded'' you to stay out.

we might see another 40-60 pips down today from 1.664

but still no go for me unless we are under 1.658 level and I can sell some pesetas
  • #277,840
  • Apr 28, 2011 5:47am Apr 28, 2011 5:47am
seem it rejected up im short
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be patient, self-belief and discipline... stay focus...
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