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Cable Update (GBPUSD)

  • #321,141
  • Aug 9, 2012 9:47am Aug 9, 2012 9:47am
Quoting inpatient
anyone expecting this to bottom out around 1.5600?

2 long trades im now questioning closing...?
i'm looking for a long but something telling me better wait.
5640 proved strong few minutes ago.
90% of traders use TA, indicators and prediction
  • #321,142
  • Aug 9, 2012 9:47am Aug 9, 2012 9:47am
Quoting iqyu5an
.http://www.forexfactory.com/attachme...2&d=1344530057
hopefully it doesn't make new low .. below than 5600..
  • #321,143
  • Aug 9, 2012 9:50am Aug 9, 2012 9:50am
Quoting _BBKing_
i'm looking for a long but something telling me better wait.
5640 proved strong few minutes ago.
im going long .. maybe too fast.. IMHO looking at EU and GU tf M5 price consolidate and expecting for bounce .. SL @ 5900 .. entry @ 5613
  • #321,144
  • Aug 9, 2012 9:57am Aug 9, 2012 9:57am
feel like slapping myself, confidence is low and im not sure why...

Holding the longs and gonna walk away for a few hours.

see you in a few guys, hope when i return were 1.566 plus
Money never sleeps...
  • #321,145
  • Aug 9, 2012 10:49am Aug 9, 2012 10:49am
Quoting inpatient
feel like slapping myself, confidence is low and im not sure why...

Holding the longs and gonna walk away for a few hours.

see you in a few guys, hope when i return were 1.566 plus
http://www.pic4ever.com/images/snapoutofit.gif
  • #321,146
  • Aug 9, 2012 11:58am Aug 9, 2012 11:58am
Quoting inpatient
anyone expecting this to bottom out around 1.5600?

2 long trades im now questioning closing...?
Hmm.. The overall trend on daily charts are strongly bullish..

I may long GU @1.56300 .. TP @1.57000 and SL @1.56000

F
  • #321,147
  • Aug 9, 2012 12:08pm Aug 9, 2012 12:08pm
Quoting FaizanKauser
Hmm.. The overall trend on daily charts are strongly bullish..

I may long GU @1.56300 .. TP @1.57000 and SL @1.56000

F
i like the stop loss, a break beneath there spells trouble for the longs...
Money never sleeps...
  • #321,148
  • Aug 9, 2012 12:55pm Aug 9, 2012 12:55pm
After years of scrimping and saving, a husband told his wife the good news:
"Honey, we've finally got enough money to buy what we started saving for in 1979."
"You mean a brand-new Cadillac?" she asked eagerly.
"No," said the husband, "a 1979 Cadillac."
  • #321,149
  • Aug 9, 2012 1:04pm Aug 9, 2012 1:04pm
Quoting PoundTrader
After years of scrimping and saving, a husband told his wife the good news:
"Honey, we've finally got enough money to buy what we started saving for in 1979."
"You mean a brand-new Cadillac?" she asked eagerly.
"No," said the husband, "a 1979 Cadillac."
devaluation of currency across time frame..

Quoting rokokdaun
im going long .. maybe too fast.. IMHO looking at EU and GU tf M5 price consolidate and expecting for bounce .. SL @ 5900 .. entry @ 5613
closed all position.. waiting for hourly new daily candle to give sight..
  • #321,150
  • Aug 9, 2012 1:16pm Aug 9, 2012 1:16pm
A wife comes in and yells, “Honey! Pack your clothes! I just won the lottery!” Her husband yells back, “But what should I pack?” The wife replies, “I DON’T CARE! JUST PACK AND GET OUT!”
  • #321,151
  • Aug 9, 2012 1:19pm Aug 9, 2012 1:19pm
The market may be bad, but I slept like a baby last night. I woke up every hour and cried.
  • #321,152
  • Aug 9, 2012 1:22pm Aug 9, 2012 1:22pm
A man walks into a bar and asks the bartender for a glass of water. The bartender pulls out a shotgun and fires a blast just missing the guy. The guy says "thank you sir", leaves a tip and walks out.

Why the thanks and why the tip?
Ghost Rider - WWTBMD?
  • #321,153
  • Aug 9, 2012 1:27pm Aug 9, 2012 1:27pm
Quoting PoundTrader
I woke up every hour and cried.
what happen bro ??
  • #321,154
  • Edited 2:19pm Aug 9, 2012 1:30pm | Edited 2:19pm
Quoting PoundTrader
A wife comes in and yells, “Honey! Pack your clothes! I just won the lottery!” Her husband yells back, “But what should I pack?” The wife replies, “I DON’T CARE! JUST PACK AND GET OUT!”
I like this one

Wife is watching her favorite late night TV show when her husband says "come to bed honey". She resists and resists and he persists and persists until eventually she says "ok, but I'm not going to come quietly".
Husband says to himself
"I look forward to that"...
Come with me if you want to live....
  • #321,155
  • Aug 9, 2012 1:31pm Aug 9, 2012 1:31pm
How The Forex Market Works.

Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each. The villagers, seeing that there were many monkeys around, went out to the forest and started catching them.

The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.

Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!

The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.

In the absence of the man, the assistant told the villagers; "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each."

The villagers rounded up with all their savings and bought all the monkeys.

They never saw the man nor his assistant, only monkeys everywhere!

Now you have a better understanding of how the forex market works.
  • #321,156
  • Aug 9, 2012 1:36pm Aug 9, 2012 1:36pm
ok to do but not, next day decide for next plan .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 14 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #321,157
  • Aug 9, 2012 1:41pm Aug 9, 2012 1:41pm
There are primarily 3 different types of investors who post on the message boards.

1. Those who don't know anything: approx. 10%

2. Those who know a little: approx. 10%

3. Those who don't realize they don't know anything: approx. 80%

From Dimgroup.com
  • #321,158
  • Aug 9, 2012 1:49pm Aug 9, 2012 1:49pm
Quoting fontu
ok to do but not, next day decide for next plan .
fontu
  • #321,159
  • Aug 9, 2012 1:49pm Aug 9, 2012 1:49pm
Quoting PoundTrader
There are primarily 3 different types of investors who post on the message boards.

1. Those who don't know anything: approx. 10%

2. Those who know a little: approx. 10%

3. Those who don't realize they don't know anything: approx. 80%

From Dimgroup.com
So we are all screwed either way ?
  • #321,160
  • Aug 9, 2012 1:52pm Aug 9, 2012 1:52pm
Quoting FaizanKauser
So we are all screwed either way ?
yep
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