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Cable Update (GBPUSD)

  • #18,541
  • Jul 13, 2007 2:53am Jul 13, 2007 2:53am
Good morning

I left a buy order at 271 before go to bed and now is filled. have sell order at 336
Johann Channels and cycles are everything
  • #18,542
  • Jul 13, 2007 2:56am Jul 13, 2007 2:56am
I'm long cable @ 2.0263 I temporarily changed SL to BE
  • #18,543
  • Jul 13, 2007 3:02am Jul 13, 2007 3:02am
Quoting deboooo2005
as i told before it 'll test 2.0259 and its broke we'll see 2.0216

thanks again


It is not going down dude........instead ur axx will be kicked again today..... LOL

Heading to 2.0400s today..


Just switch ur chart to H1 and H4 TFs.....and scroll from left to right.

Tell me what you see.

Even my 5 year old cousin can see it is going up.
  • #18,544
  • Jul 13, 2007 3:03am Jul 13, 2007 3:03am
Quoting Spineynorman
Some of my research says it may go down as far as 1.8800. I think 1.9700. well some have said "so much for your account" lol it my go up some .... but it is going down that is a guarantee. no ifs ands or buts it is 1.9700. I call it like I see it. say I am wrong well when it comes true then I will just have to remind you I was right. lol. 1.9700 mid. I would say good luck to all but I don't believe in luck. so good fortune to all. if you are a bull you will need it. 1.9700 woot
In what time horizon do you think will this happen? What are your arguments for saying that? I mean I would like the cable go down to 2.0000 at least but seems like USD is constantly loosing ground. I would like to believe what you say...
  • #18,545
  • Jul 13, 2007 3:05am Jul 13, 2007 3:05am
Quoting henrycarol
It is not going down dude........instead ur axx will be kicked again today..... LOL

Heading to 2.0400s today..


Just switch ur chart to H1 and H4 TFs.....and scroll from left to right.

Tell me what you see.

Even my 5 year old cousin can see it is going up.
Trade what you see, not what you think.
  • #18,546
  • Edited 4:32am Jul 13, 2007 3:08am | Edited 4:32am
Quoting Tragapips
Good morning

I left a buy order at 271 before go to bed and now is filled. have sell order at 336
Readjust sell order to 0327

Edit: readjust to 0324
Johann Channels and cycles are everything
  • #18,547
  • Jul 13, 2007 3:17am Jul 13, 2007 3:17am
Quoting henrycarol
It is not going down dude........instead ur axx will be kicked again today..... LOL

Heading to 2.0400s today..


Just switch ur chart to H1 and H4 TFs.....and scroll from left to right.

Tell me what you see.

Even my 5 year old cousin can see it is going up.

Hello Henry
i'm go long with cable 2.0259 with stop lose @ 2.0254 as i mention its support and if its broke we'll see 2.0216 and now my target is 2.0353 then 2.0404 then 2.0447 i hope to see it today and i told before when cable above 2.0310 & EUR above 1.3776 so it will goes up .... i just short in the morning from 2.0295 to 2.0260 then i long from 2.0259 .... thanks
  • #18,548
  • Jul 13, 2007 3:17am Jul 13, 2007 3:17am
hello everyone, i am new at this forum and i saw some good analysis, so i decided to share with you analysis that i made myself.
i think that the cabl should start falling strongly from next week,but we must pay attention on todays news. if todays news will breake the high of yesterday (2,0362) then the cabl could go up to my next point resistance (2,0567). WATCH PICTURES BELOW

http://img299.imageshack.us/img299/9999/fx77si0.th.gifhttp://img299.imageshack.us/img299/1...pangpb1.th.gif

tnx and have a nice day




money,money,money,.....more

www.trading-fx.com
  • #18,549
  • Jul 13, 2007 3:18am Jul 13, 2007 3:18am
Quoting Spineynorman
Some of my research says it may go down as far as 1.8800. I think 1.9700. well some have said "so much for your account" lol it my go up some .... but it is going down that is a guarantee. no ifs ands or buts it is 1.9700. I call it like I see it. say I am wrong well when it comes true then I will just have to remind you I was right. lol. 1.9700 mid. I would say good luck to all but I don't believe in luck. so good fortune to all. if you are a bull you will need it. 1.9700 woot
mind to share how u come with that "guaranteed 1.97"???
  • #18,550
  • Jul 13, 2007 3:18am Jul 13, 2007 3:18am
Quoting hotstorm
In what time horizon do you think will this happen? What are your arguments for saying that? I mean I would like the cable go down to 2.0000 at least but seems like USD is constantly loosing ground. I would like to believe what you say...
why, still in shorts?...9888 is possible to be reached somwhere between avg.15 and sept 15, when futures are expired,...and when i start to catch top at oil arround 79-82 usd, till then....its buy,buy,buy....a little advise to those who are caught short, next time play options, when dealing with psihological numbers like 1.9000 and 2.0000 or (learn to take a loss)...Banks & hedgers do options, im told...
its just money
  • #18,551
  • Jul 13, 2007 3:19am Jul 13, 2007 3:19am
Hmmm all the cable shorty's gone silent?
  • #18,552
  • Jul 13, 2007 3:20am Jul 13, 2007 3:20am
Quoting deboooo2005
Hello Henry
i'm go long with cable 2.0259 with stop lose @ 2.0254 as i mention its support and if its broke we'll see 2.0216 and now my target is 2.0353 then 2.0404 then 2.0447 i hope to see it today and i told before when cable above 2.0310 & EUR above 1.3776 so it will goes up .... i just short in the morning from 2.0295 to 2.0260 then i long from 2.0259 .... thanks
At least you changed your mind and went long...

Unlike some shorters.....quiet..
  • #18,553
  • Jul 13, 2007 3:26am Jul 13, 2007 3:26am
Quoting Brabo
Hmmm all the cable shorty's gone silent?
Dun worry.. soon we will see some fresh one shouting and singing for shorts again.. Its almost like a cycle.. Some gone silent after got busted account / margin calls.. new one will come to replace..

Cant wait until months ahead when cable finally on down trend and suddenly all of them come back altogether and performed their "TOLD YA SO" parade..
  • #18,554
  • Jul 13, 2007 3:27am Jul 13, 2007 3:27am
Quoting de123
why, still in shorts?...9888 is possible to be reached somwhere between avg.15 and sept 15, when futures are expired,...and when i start to catch top at oil arround 79-82 usd, till then....its buy,buy,buy....a little advise to those who are caught short, next time play options, when dealing with psihological numbers like 1.9000 and 2.0000 or (learn to take a loss)...Banks & hedgers do options, im told...
Why? Because I am stupid.... I got to a great floating loss and now it is too late to bail out. I just wait for correction to come. 200 pips down would be fine, but chances are rather small...

I have learned a lesson and now I know I cannot catch the tops or bottoms of the trend (well, I can but it is too risky...)

I am quite new to forex trading and I simply made a costly mistake... And do not laugh please, it is not funny to me... Instead a good advise is welcome.
  • #18,555
  • Jul 13, 2007 3:32am Jul 13, 2007 3:32am
Quoting hotstorm
Why? Because I am stupid.... I got to a great floating loss and now it is too late to bail out. I just wait for correction to come. 200 pips down would be fine, but chances are rather small...

I have learned a lesson and now I know I cannot catch the tops or bottoms of the trend (well, I can but it is too risky...)

I am quite new to forex trading and I simply made a costly mistake... And do not laugh please, it is not funny to me... Instead a good advise is welcome.
I'm wishing you success and happy trading, and it's good that you learnt the lesson
  • #18,556
  • Jul 13, 2007 3:37am Jul 13, 2007 3:37am
I tried to, but u aint listen, so what the fuck, SHORT, SHORT; SHORT...buy a book, why we wont u to be reach ^ DUMP DOLARS HEAVILLY LONG RUN, change ur accounts in EUROS like TODAY...OR ASK BUSH TO MOVE FROM IRAQ, that what u wont to HEAR....
its just money
  • #18,557
  • Jul 13, 2007 3:43am Jul 13, 2007 3:43am
This was about EURUSD mainly but it applies to any pair and especially GBPUSD currently, too.

Read this post by jacko (Millionaire, multi-lot trader. There, maybe that helps.) and realize what he's saying.

http://forexfactory.com/showpost.php...&postcount=481

If you realize huh, that might just be sensible feel free to read the rest of the thread as well

Personally I still prefer using price action for entries instead of fibs and price alone, but the important message here is: the trend is your friend. And no, it won't bend just because of a 400 pip correction, it WILL resume it's classic 600-1200 pip runs afterwards.
Trust price. Know yourself.
  • #18,558
  • Jul 13, 2007 3:44am Jul 13, 2007 3:44am
Quoting hotstorm
Why? Because I am stupid.... I got to a great floating loss and now it is too late to bail out. I just wait for correction to come. 200 pips down would be fine, but chances are rather small...

I have learned a lesson and now I know I cannot catch the tops or bottoms of the trend (well, I can but it is too risky...)

I am quite new to forex trading and I simply made a costly mistake... And do not laugh please, it is not funny to me... Instead a good advise is welcome.
Admitting mistakes and learn from it is one step forward to financial success.. I have been there done that too.. Being unrealistic for too long and suddenly.. BAM!!!.. blown out my account..

Have u "hedge" ur position? If not.. its better to do that before u got margin calls.. Or if u still can survive with the remaining account.. may be u can cut it loss.. Its better too late rather than die with it..

Wishing u great success in trading n life...
  • #18,559
  • Jul 13, 2007 3:46am Jul 13, 2007 3:46am
Quoting hotstorm
Why? Because I am stupid.... I got to a great floating loss and now it is too late to bail out. I just wait for correction to come. 200 pips down would be fine, but chances are rather small...

I have learned a lesson and now I know I cannot catch the tops or bottoms of the trend (well, I can but it is too risky...)

I am quite new to forex trading and I simply made a costly mistake... And do not laugh please, it is not funny to me... Instead a good advise is welcome.
I lost £7,000 in my first month - then I went on holiday and left a position open by mistake with no stop loss or limits - when I got home I made £2,200 profit by mistake !

All that stuff just had to stop - when you are alone and your face is burning with embarrasment you know you have to start again with great caution and go back to school. It's great for ego reduction and education motivation

Good news is that even a small gain is very good for your spirit - so start by trying to capture those without getting cocky and complacent which will be the next challenge

Take everyone's advice and comments with a pinch of salt - except this one.
  • #18,560
  • Jul 13, 2007 3:49am Jul 13, 2007 3:49am
http://www.uppic.net/te/0editor1.jpg

4h

http://www.uppic.net/te/editor2.jpg

15 m
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