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Cable Update (GBPUSD)

  • #279,721
  • May 20, 2011 6:14am May 20, 2011 6:14am
anyway plz post a chart and explain us why u sold at this certain point
Hero calls followed by margin calls...
  • #279,722
  • May 20, 2011 6:21am May 20, 2011 6:21am
Quoting PhAnTi'
well u should define and set a stop next time....30 pip target..30 pip stop or less to get a reliable r:r .....now u have to handle a 45 pip drawdown..... means - 900 $ ??

ouch

anyway....

what i WOULD do:
add another 2 lots short when price reaches 6275 area and set stops to 6325.

see blue coloured box.

set all targets to 6160.

Attachment
did not you just asnwered him what he was asking that it will go to 1.616 ?
  • #279,723
  • May 20, 2011 6:24am May 20, 2011 6:24am
Quoting sphinx8
did not you just asnwered him what he was asking that it will go to 1.616 ?
guess he asked what to do with his opened sell order?

anyway that WOULD be my line...but i always use fix stops when i enter a trade
Hero calls followed by margin calls...
  • #279,724
  • May 20, 2011 6:26am May 20, 2011 6:26am
guess direction will be taken in 30mins
  • #279,725
  • May 20, 2011 6:29am May 20, 2011 6:29am
Quoting sphinx8
guess direction will be taken in 30mins
h4 down, m30 up.

hh,hl,lh,ll etc
Hero calls followed by margin calls...
  • #279,726
  • May 20, 2011 6:37am May 20, 2011 6:37am
hi all, please share

what is the maximum possible lowest number that will be reach for end of this week?
"sharing knowledge make us more rich"
  • #279,727
  • May 20, 2011 6:43am May 20, 2011 6:43am
Quoting rullyforex
hi all, please share

what is the maximum possible lowest number that will be reach for end of this week?
anything is possible in FX

but my quess 1.62 or 1.615 ? hmm not sure yet
  • #279,728
  • May 20, 2011 6:47am May 20, 2011 6:47am
Quoting rullyforex
hi all, please share

what is the maximum possible lowest number that will be reach for end of this week?
0.1....anything is possible...nobody knows
Hero calls followed by margin calls...
  • #279,729
  • May 20, 2011 7:02am May 20, 2011 7:02am
Quoting PhAnTi'
0.1....anything is possible...nobody knows
lol this is considering obama killed, osama live again, and william re-married?
  • #279,730
  • May 20, 2011 7:08am May 20, 2011 7:08am
if consolidate above 6225 will go up
Attached Image (click to enlarge)
Click to Enlarge Name: gusdm5.jpg Size: 106 KB
90% of traders use TA, indicators and prediction
  • #279,731
  • May 20, 2011 7:15am May 20, 2011 7:15am
Quoting wasaf
lol this is considering obama killed, osama live again, and william re-married?
yep, and an electric crash at the LSE
Hero calls followed by margin calls...
  • #279,732
  • May 20, 2011 7:19am May 20, 2011 7:19am
Quoting sueroe
Has anyone ever had such a bad week that they think that someone might be changing the chart direction as soon as you place a trade?
we could open an x-file about this thing.
or best thing find better levels to open the position and understand better market moves.
not easy...
anyway, i killed the small man inside my pc since that day things goes better
90% of traders use TA, indicators and prediction
  • #279,733
  • May 20, 2011 7:31am May 20, 2011 7:31am
Hi all,

From Action Forex signal:

In view of this, we are looking to buy cable on dips but one must exit on such rebound. Only below yesterday’s low at 1.6130 would abort and risk a retest of 1.6105, break there would signal recent decline has resumed and extend weakness towards 1.6076-77 (61.8% projection of 1.6518-1.6147 measuring from 1.6305 and 50% Fibonacci retracement of 1.5407), bring another rebound.

They are on the ball as my 15 min chart shows with my rough trend line!!

Price has been bouncing nicely off 15min vegas tunnel!

rgds
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd m15.gif Size: 27 KB
  • #279,734
  • May 20, 2011 7:42am May 20, 2011 7:42am
Quoting jmtini
Hi all,

From Action Forex signal:

In view of this, we are looking to buy cable on dips but one must exit on such rebound. Only below yesterday’s low at 1.6130 would abort and risk a retest of 1.6105, break there would signal recent decline has resumed and extend weakness towards 1.6076-77 (61.8% projection of 1.6518-1.6147 measuring from 1.6305 and 50% Fibonacci retracement of 1.5407), bring another rebound.

They are on the ball as my 15 min chart shows with my rough trend line!!

Price has been bouncing nicely off 15min vegas...
dont trust them anything...

lol.
Hero calls followed by margin calls...
  • #279,735
  • May 20, 2011 7:53am May 20, 2011 7:53am
Quoting PhAnTi'
dont trust them anything...

lol.

Don't worry - only use them as a crutch!!!



BTW nice buy trade set-up just appearing over on EURUSD after the fall.


rgds
  • #279,736
  • May 20, 2011 7:57am May 20, 2011 7:57am
Quoting jmtini
Don't worry - only use them as a crutch!!!



BTW nice buy trade set-up just appearing over on EURUSD after the fall.


rgds
Hero calls followed by margin calls...
  • #279,737
  • May 20, 2011 8:01am May 20, 2011 8:01am
Quoting _BBKing_
if consolidate above 6225 will go up
90% of traders use TA, indicators and prediction
  • #279,738
  • May 20, 2011 8:11am May 20, 2011 8:11am
now imo need to test 6240 area as last try did not hold.
if consolidation there, will try then the 6300
Attached Image (click to enlarge)
Click to Enlarge Name: gusdm5.jpg Size: 111 KB
90% of traders use TA, indicators and prediction
  • #279,739
  • May 20, 2011 8:32am May 20, 2011 8:32am
Quoting _BBKing_
now imo need to test 6240 area as last try did not hold.
if consolidation there, will try then the 6300
consolidation failed.
straight down
90% of traders use TA, indicators and prediction
  • #279,740
  • May 20, 2011 8:32am May 20, 2011 8:32am
Quoting _BBKing_
consolidation failed.
straight down
reaction up on NY opening DJ
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