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Cable Update (GBPUSD)

  • #285,401
  • Aug 1, 2011 8:02am Aug 1, 2011 8:02am
That's more like it bears, evil laugh time !
  • #285,402
  • Aug 1, 2011 8:07am Aug 1, 2011 8:07am
looking downwards I see 6270 area will this play out.
Keep the Lights on then you can catch the rise from the dark.
  • #285,403
  • Aug 1, 2011 8:26am Aug 1, 2011 8:26am
Taken profits, adding about 0.3% to my account.
  • #285,404
  • Aug 1, 2011 8:30am Aug 1, 2011 8:30am
Quoting CoffeeGamble
Taken profits, adding about 0.3% to my account.
yur to damn emotional man!!..the move is just getting started
  • #285,405
  • Aug 1, 2011 8:32am Aug 1, 2011 8:32am
Quoting nAVIN2007
yur to damn emotional man!!..the move is just getting started

Don't worry about me, you don't know what amount I just moved. Take advantage of the situation as you see it.
  • #285,406
  • Aug 1, 2011 8:36am Aug 1, 2011 8:36am
Quoting CoffeeGamble
Don't worry about me, you don't know what amount I just moved. Take advantage of the situation as you see it.

im not worried..
  • #285,407
  • Aug 1, 2011 9:04am Aug 1, 2011 9:04am
How every1 so quite in here?
  • #285,408
  • Aug 1, 2011 9:08am Aug 1, 2011 9:08am
ISM manufacturing comes out at 50.9 versus 54.5 expected. More awful economic data for the US.
  • #285,409
  • Aug 1, 2011 9:11am Aug 1, 2011 9:11am
Quoting CoffeeGamble
ISM manufacturing comes out at 50.9 versus 54.5 expected. More awful economic data for the US.

are u going long then?
  • #285,410
  • Aug 1, 2011 9:13am Aug 1, 2011 9:13am
Cannot understand, ISM down and USD keep up?
  • #285,411
  • Aug 1, 2011 9:13am Aug 1, 2011 9:13am
Quoting nAVIN2007
are u going long then?
i'm short since 1.64 & 1.6316
  • #285,412
  • Aug 1, 2011 9:14am Aug 1, 2011 9:14am
Quoting ricmaj
looking downwards I see 6270 area will this play out.

It played out beautifully
Keep the Lights on then you can catch the rise from the dark.
  • #285,413
  • Aug 1, 2011 9:15am Aug 1, 2011 9:15am
Quoting Hoang Long
Cannot understand, ISM down and USD keep up?
whatever news is it wont matter usd will go up..bailout is positive, if they have new plan what does this suggest, correction..which is positive
cutting spending in military..beautiful ..lol
think about it:- u trade the direction not the news..unless u want to lose money

Quoting Praga
i'm short since 1.64 & 1.6316
welldone
  • #285,414
  • Aug 1, 2011 9:15am Aug 1, 2011 9:15am
Quoting Hoang Long
Cannot understand, ISM down and USD keep up?
first of all, you have to ask yourself.
IS the ISM the only number in the whole year that matters for the USD and thus be the only factor in the direction of the USD?
  • #285,415
  • Aug 1, 2011 9:15am Aug 1, 2011 9:15am
Quoting nAVIN2007
are u going long then?
What makes you think I'd go long based on that ? Despite Friday's weak US GDP release and subsequent Greenback reaction, there remains an inverse correlation between equities and the greenback. Are you going long ?
  • #285,416
  • Aug 1, 2011 9:19am Aug 1, 2011 9:19am
Quoting nAVIN2007
whatever news is it wont matter usd will go up..bailout is positive

think about it:- u trade the direction not the news..unless u want to lose money



welldone
Then I did bad decision! Out @6318 right after news released, be more patient next time then
  • #285,417
  • Aug 1, 2011 9:20am Aug 1, 2011 9:20am
Quoting CoffeeGamble
What makes you think I'd go long based on that ? Despite Friday's weak US GDP release and subsequent Greenback reaction, there remains an inverse correlation between equities and the greenback. Are you going long ?

well u cut yur short..if u thought it wasnt going up then why did u cut the short?

its logical for me to assume u go long based on that

not having a go..just trying to help if it possible..
  • #285,418
  • Aug 1, 2011 9:22am Aug 1, 2011 9:22am
Hi y'all.
I'm a newbie in this forum but I found really interesting to see other people's strategies.

I'm well chuffed with the outcome of the cable today - I've been waiting since last week to see the USD raising again....

-by the looks of it, some of the ones here are making serious money today!

Happy trading!
  • #285,419
  • Aug 1, 2011 9:33am Aug 1, 2011 9:33am
Quoting nAVIN2007
well u cut yur short..if u thought it wasnt going up then why did u cut the short?

its logical for me to assume u go long based on that

not having a go..just trying to help if it possible..
I cut the short cuz I was happy with the profit made, while not knowing what the looming ISM number would be. If it were better than expected, it could've triggered more risk on trading, which is sterling bullish and that could have erased my profit. This worse than expected release has sent the S&P 500 off a cliff and the greenback strengthened, making cable more short term bearish.
  • #285,420
  • Aug 1, 2011 9:41am Aug 1, 2011 9:41am
Quoting CoffeeGamble
I cut the short cuz I was happy with the profit made, while not knowing what the looming ISM number would be. If it were better than expected, it could've triggered more risk on trading, which is sterling bullish and that could have erased my profit. This worse than expected release has sent the S&P 500 off a cliff and the greenback strengthened, making cable more short term bearish.
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