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Cable Update (GBPUSD)

  • #288,801
  • Sep 15, 2011 10:09am Sep 15, 2011 10:09am
1H.
Short and closed already . now waiting for this bear got tired


Quoting iqyu5an
Adjust the fibo after price back to 85 level ...

waiting PA back to 5759 - 5774 ( or 5767 ) to add long after get rejection at the lower level ( whatever it is ) OR waiting for short at 5825-5850 ( after get rejection at higher level [ prev weekly low ] ) ?

bull and bear give profit .... no fighting

cheers
from paris van java

***
1H
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not euphoria follower
  • #288,802
  • Sep 15, 2011 10:09am Sep 15, 2011 10:09am
Heard that rouge trader at UBS worked on the european forex desk- I wonder what trade could have possibly caught him so badly last week- guessing he had a big eur/chf trade. guess he didn't get the memo from the SNB.
  • #288,803
  • Edited 10:12am Sep 15, 2011 10:11am | Edited 10:12am
Quoting Flatfish
Heard that rouge trader at UBS worked on the european forex desk- I wonder what trade could have possibly caught him so badly last week- guessing he had a big eur/chf trade. guess he didn't get the memo from the SNB.
I'm not having it about these "rogue traders". UBS had similar problems in 2008 and to lose 2 BILLION in one trading account is a bit too much to swallow.
Gone to a better place
  • #288,804
  • Sep 15, 2011 10:11am Sep 15, 2011 10:11am
Quoting nAVIN2007
im guessing but i think it will be the opposite

FED will print more than ever, creating more debt, diluting USD like in same way QE does..but i have no idea really i completely guessing and hoping
Ovaforty is correct bro,Its time for USD Perform...( Runnnn Before got attacked )
If there was easy money lying around,no one would be forcing it into your
  • #288,805
  • Sep 15, 2011 10:12am Sep 15, 2011 10:12am
Quoting ovaforty
Market sentiments are given a strong boost after ECB announced to coordinate with Fed, BoE, BoJ and SNB to conduct three US dollar liquidity providing operations eurozone banks to cover the rest of the year.

from Action Forex website
gosh
what do you think this mean?
typical scam from web or what?
90% of traders use TA, indicators and prediction
  • #288,806
  • Sep 15, 2011 10:13am Sep 15, 2011 10:13am
Quoting sinchan
Brother I think, U need to be patient at least for early next week to do long for longer term trade I think my Brother if there is a breakout.. But Who knows
Not doing any long term counter trend trades. If price stays below previous day hi after ny close, I will close this trade regardless of the loss.

Quoting wormboy
I won't position trade. My money still says dollar is bullish, so at the most, I will only trade the i/d setups, if I'm going to position, it'll definitely be with the downtrend. I'm treating the same with cable.

Good luck
Thank You
  • #288,807
  • Sep 15, 2011 10:14am Sep 15, 2011 10:14am
Quoting iqyu5an
1H.
Short and closed already . now waiting for this bear got tired
This could be a very good place to short if this channel continues. I keep plugging away and I've got 2 at break even now.
Gone to a better place
  • #288,808
  • Sep 15, 2011 10:18am Sep 15, 2011 10:18am
Going to try a risky long entry around 1.5780 - for a test and a bounce of last weeks low- stop very close by around 10 pips-expecting to enter on a quick spike down there, one of those it works or it doesn't trades.
  • #288,809
  • Sep 15, 2011 10:25am Sep 15, 2011 10:25am
agree dude... but already got 10% ++ return today and see little rejection... so enough. now just waiting for long . the projection for long is located 5670-5660 ( just may be hehehheehe )

am trying to breakdown to lower TF

cheers...

Quoting smikester
This could be a very good place to short if this channel continues. I keep plugging away and I've got 2 at break even now.
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not euphoria follower
  • #288,810
  • Sep 15, 2011 10:27am Sep 15, 2011 10:27am
Quoting Flatfish
Heard that rouge trader at UBS worked on the european forex desk- I wonder what trade could have possibly caught him so badly last week- guessing he had a big eur/chf trade. guess he didn't get the memo from the SNB.
naah
was me that one! i withdrawn some money to spend the weekend with a blondie

90% of traders use TA, indicators and prediction
  • #288,811
  • Sep 15, 2011 10:29am Sep 15, 2011 10:29am
sorry if i post it here
but it could be interesting
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90% of traders use TA, indicators and prediction
  • #288,812
  • Sep 15, 2011 10:33am Sep 15, 2011 10:33am
i am taking more profit here on short gbp/aud.
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  • #288,813
  • Sep 15, 2011 10:36am Sep 15, 2011 10:36am
Quoting _BBKing_
sorry if i post it here
but it could be interesting
hi bbking,

do you mind telling what it means?
  • #288,814
  • Sep 15, 2011 10:37am Sep 15, 2011 10:37am
Quoting ovaforty
i am taking more profit here on short gbp/aud.
interesting!
since you posted the gbp aud i checked those charts
there is nice moves there!
still not trading it im only 'studying' for the moment

i also opened first time gbp nzd and gbp cad


maybe one day will go up all together (or down...)
90% of traders use TA, indicators and prediction
  • #288,815
  • Sep 15, 2011 10:39am Sep 15, 2011 10:39am
Quoting _BBKing_
sorry if i post it here
but it could be interesting
I know Goldman had a target of 1.4 on eur/chf- in that letter to its corporate clients advising them to go long eur/chf at 1.10 a week before the SNB were ordered to do their masters bidding.
  • #288,816
  • Sep 15, 2011 10:42am Sep 15, 2011 10:42am
Quoting _BBKing_
interesting!
since you posted the gbp aud i checked those charts
there is nice moves there!
still not trading it im only 'studying' for the moment

i also opened first time gbp nzd and gbp cad


maybe one day will go up all together (or down...)
thanx.
In the global long term situation the aud will hold it's value over the gbp.
This pair pays about 23 dollars a day in swap interest for a full lot. A break even stop loss insures no risk of loss to principle. no reason to ever close my 4 positions there. Passive interest income will build a nice nest egg over time with NO risk.
  • #288,817
  • Sep 15, 2011 10:50am Sep 15, 2011 10:50am
m5
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not euphoria follower
  • #288,818
  • Sep 15, 2011 10:53am Sep 15, 2011 10:53am
Quoting forex-newbie
hi bbking,

do you mind telling what it means?
sure!
means eur chf was closing m15 candle out of that red pattern.
now you see below price went back again to that channel line and go more up

i call it a bull flag.
since SNB set min rate @1.20 on it... i think good idea to search nice entries for long positions
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90% of traders use TA, indicators and prediction
  • #288,819
  • Sep 15, 2011 10:54am Sep 15, 2011 10:54am
Thanks BBking for your time
  • #288,820
  • Sep 15, 2011 10:57am Sep 15, 2011 10:57am
Alhamdulillah now I'am Done with my short ...

Tomorrow probably I will not trade due its critical now for short or long , let see next week

Good Luck

Salam
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