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Cable Update (GBPUSD)

  • #56,561
  • Feb 28, 2008 1:38pm Feb 28, 2008 1:38pm
See???????????
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  • #56,562
  • Feb 28, 2008 1:56pm Feb 28, 2008 1:56pm
Awful feeling when your stop is missed by few pips to see your trade was going so well. But there is always tomorrow, next move, isn't?
  • #56,563
  • Feb 28, 2008 1:59pm Feb 28, 2008 1:59pm
hopefully this puppy going up instead of down..postive note the overbought is releived on 15 chart and we hardily went down..that has to be postive
  • #56,564
  • Feb 28, 2008 1:59pm Feb 28, 2008 1:59pm
Quoting Turveyd
Salah K, brush yourself off, forget the loss ever happened ( if it's just a speed bump ), look at the charts and take your best guess again.
your right my friend
your all right for that matter
i need to delay my live trading and rest a bit as i have been on the screen day and night and maybe that was my problem
thnx to all
gr8 advice
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,565
  • Feb 28, 2008 2:14pm Feb 28, 2008 2:14pm
Quoting salah k.
your right my friend
your all right for that matter
i need to delay my live trading and rest a bit as i have been on the screen day and night and maybe that was my problem
thnx to all
gr8 advice
it natural buddy ..damn when i first started (first month) i did 180 trades in 4 days .....lol
dont worry ..it will happen for u i know
I got the feeling this puppy is about to backfire
  • #56,566
  • Feb 28, 2008 2:26pm Feb 28, 2008 2:26pm
Quoting nAVIN2007
it natural buddy ..damn when i first started (first month) i did 180 trades in 4 days .....lol
dont worry ..it will happen for u i know
I got the feeling this puppy is about to backfire
thnx bro u have been more than helpful
but be4 i go i have one last question

if 4h candle closes under 9900 u think it might continue bearish
and if it ccloses above 9930 bullish?
wat do u think?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,567
  • Feb 28, 2008 2:46pm Feb 28, 2008 2:46pm
I imagine we might be in this 4Hr triangle for news in the morning
We are still very much on bull a run for the momment
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #56,568
  • Feb 28, 2008 3:10pm Feb 28, 2008 3:10pm
Quoting salah k.
thnx bro u have been more than helpful
but be4 i go i have one last question

if 4h candle closes under 9900 u think it might continue bearish
and if it ccloses above 9930 bullish?
wat do u think?
if 4 hr candle closes below 9900 ..definately bearish and yes to the other one bullish
  • #56,569
  • Feb 28, 2008 3:15pm Feb 28, 2008 3:15pm
whats so important about 9900 lads ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #56,570
  • Edited 3:38pm Feb 28, 2008 3:23pm | Edited 3:38pm
Quoting Bones
whats so important about 9900 lads ?
its a good support point? maybe if that point break we might look at a big drop...interesting to see if we drop tonight or go up...stachastic on daily saying we are over bought ..but that can always go sideways on the top...i learned my listen dont worry ..aint falling for that again.
  • #56,571
  • Feb 28, 2008 3:44pm Feb 28, 2008 3:44pm
Ok it might be a good physiological round number but not a great support to look out for to change from bullish to bearish. I mean do you know if we are above of below the daily pivot?
You could probably guess right, but where is it?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #56,572
  • Feb 28, 2008 4:01pm Feb 28, 2008 4:01pm
I notice that if the euro goes up a lot, GBP goes up a bit

but if the euro comes down a bit, then GBP comes down a lot

as the euro is so toweringly high, i reckon a drop in the euro to 1.50 will really wreck the gbp

summary - the GBP does not really have confidence , its just dragged up some in the wake if the euro
  • #56,573
  • Feb 28, 2008 4:08pm Feb 28, 2008 4:08pm
Quoting allserene
I notice that if the euro goes up a lot, GBP goes up a bit

but if the euro comes down a bit, then GBP comes down a lot

as the euro is so toweringly high, i reckon a drop in the euro to 1.50 will really wreck the gbp

summary - the GBP does not really have confidence , its just dragged up some in the wake if the euro
How about this allserene?

http://www.forexfactory.com/showpost...ostcount=56573
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  • #56,574
  • Feb 28, 2008 4:20pm Feb 28, 2008 4:20pm
Quoting bullrock
How about this allserene?

http://www.forexfactory.com/showpost...ostcount=56573
Yeah, how about it indeed. Interesting analysis.
  • #56,575
  • Feb 28, 2008 4:25pm Feb 28, 2008 4:25pm
Ok im gonna tell you about my trade even though it means there is a risk of being thought to be living in a fantasia land.

My chart above is showing a rising price over some time. We are right at resistance.
Got this triangle, which I love by the way. We are right at the top of that triangle which I feel will not be broken till morning.
What way is price gonna go?
Got these two dotted lines inside that triangle and price has broke and sitting right under them.
So I short.
My target is close as we are countertrend.
So I pick 1.9862 (daily pivot on mine) and think Ill wait to 12 and close out.
That is my trade to the dot .
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #56,576
  • Feb 28, 2008 4:31pm Feb 28, 2008 4:31pm
Basically I have bailed out my longs and I just go short. Actually. This cannot go like that forever.
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  • #56,577
  • Feb 28, 2008 4:32pm Feb 28, 2008 4:32pm
Salah, it's hard work I'm shatter to, only started trading hard this week, trading is quite stressful, guess thats 1 of the obstacles to overcome to become a good trader.

400 in 4 days, think I'm only on 900 trades in 3 1/2 years, okay over 1/2 that time I had below margin and couldn't trade

So I'm the only 1 trading off a 1min chart system then


Missed some good moves, when i went for a swim, but needed it.

GU sitting on my 12hour sma line, ST trend is still down though so no long I think yet!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,578
  • Feb 28, 2008 4:33pm Feb 28, 2008 4:33pm
I also believe that we have a triple top on the hourly chart.
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  • #56,579
  • Feb 28, 2008 4:39pm Feb 28, 2008 4:39pm
29-2-2008
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  • #56,580
  • Feb 28, 2008 4:51pm Feb 28, 2008 4:51pm
Ok im out as the picture attached ,im shattered and going to bed as i only had 4 hours sleep last night,lol
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Click to Enlarge Name: 4 hr.gif Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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