DislikedDaily chart ... just opinion ... maybe 1.9945 can hold .... I'm out the market from the morning after MPC minutesIgnored
What do you think members ... 1.9945 .... looking for long
Cable Update (GBPUSD)
- #46,069
- Dec 19, 2007 11:54am Dec 19, 2007 11:54am
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
this trend line has been defended vigorously for ages and today finaly we can safely say it has been penetrated, broken smashed - however you wanna call it ,now, those who didnt jump the train will be selling on every chance they can get therefore sell on pullbacks, some of those those who entered will start closing their positions so there will be pullbacks when they will think- ''' hold on...... its a good entry point again''' and will push it down again. Dont think its gonna stop till we reach some kind of double bottom or whatever.
One thing about cable i've learned ( with my money also) once it starts falling it keeps falling. Tomorrow i see as another red day. Just my thoughts and experience
)
One thing about cable i've learned ( with my money also) once it starts falling it keeps falling. Tomorrow i see as another red day. Just my thoughts and experience
)
- #46,071
- Dec 19, 2007 12:01pm Dec 19, 2007 12:01pm
this trend line has been defended vigorously for ages and today finaly we can safely say it has been penetrated, broken smashed - however you wanna call it ,now, those who didnt jump the train will be selling on every chance they can get therefore sell on pullbacks, some of those those who entered will start closing their positions so there will be pullbacks when they will think- ''' hold on...... its a good entry point again''' and will push it down again. Dont think its gonna stop till we reach some kind of double bottom or whatever.
One thing about cable i've learned ( with my money also) once it starts falling it keeps falling. Tomorrow i see as another red day. Just my thoughts and experience
so if you learn more --- you can sure where we are going -- this is my expereince 
- #46,078
- Dec 19, 2007 12:32pm Dec 19, 2007 12:32pm
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
just one more thing, to all people who are asking where is it going to go, ask yourselves where do you think it will go, analyse the charts ,try out some strategies, thats the only way.
By the way history does repeat it self in forex (not sure about other markets, as i dont trade them) so the best thing is experience. if you are new just keep watching the charts keep analysing and so on, and if you are not successful try again. And another good thing is to imagine yourself as a succesful trader, imagine yourself in different situations how would you behave. This exercise helps alot because you will know what to do before it happens and you dont get emotionally involved in the trade, or not as much.
I'm not saying that im a pro or anything , just sharing what i did and what others taught me to do
By the way history does repeat it self in forex (not sure about other markets, as i dont trade them) so the best thing is experience. if you are new just keep watching the charts keep analysing and so on, and if you are not successful try again. And another good thing is to imagine yourself as a succesful trader, imagine yourself in different situations how would you behave. This exercise helps alot because you will know what to do before it happens and you dont get emotionally involved in the trade, or not as much.
I'm not saying that im a pro or anything , just sharing what i did and what others taught me to do
- #46,080
- Edited 2:07pm Dec 19, 2007 1:29pm | Edited 2:07pm
- Joined Feb 2007 | Status: Trader | 2,428 Posts