Looks like if it breaks 1.9482 next stop is 1.9260 area...
Cable Update (GBPUSD)
- #50,386
- Jan 21, 2008 2:01am Jan 21, 2008 2:01am
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
Cable play up and down from 1.9500 and 1.953 for the last two hours.
around 25~27 pips * 4 on the 30min chart = 100 ~ 108 pip
Cooool
around 25~27 pips * 4 on the 30min chart = 100 ~ 108 pip
Cooool
- #50,387
- Jan 21, 2008 2:06am Jan 21, 2008 2:06am
I think the day today is up, but forex sharks will take first the money of the 95% of retail traders before blowing their billions in the system... otherwise everyone could make money if price shows the intention from the beginning. If you think forex is for everyone think again 
- #50,388
- Jan 21, 2008 2:08am Jan 21, 2008 2:08am
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
I think the day today is up, but forex sharks will take first the money of the 95% of retail traders before blowing their billions in the system... otherwise everyone could make money if price shows the intention from the beginning. If you think forex is for everyone think again
i agree with you on that point. and let's hope that one day we will be one of these sharks
- #50,390
- Jan 21, 2008 2:13am Jan 21, 2008 2:13am
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
so I guess you are short...
: Playing with Cable from 1.9500 and 1.953 short and long. as the cable want.i'm not a swing trader.
i have a plan arround 50~100 pip per day and let the market go where ever it want. determent the S/R with the daily trend and collect the pips
- #50,392
- Jan 21, 2008 2:15am Jan 21, 2008 2:15am
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
Yes that is demo account that my charting account i make trades in sparenFX
- #50,393
- Jan 21, 2008 2:17am Jan 21, 2008 2:17am
i'm not a swing trader.
i have a plan arround 50~100 pip per day and let the market go where ever it want. determent the S/R with the daily trend and collect the pips
- #50,394
- Jan 21, 2008 2:20am Jan 21, 2008 2:20am
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
yes but what if you are on support levels and price continutes to go down.. you will lose, I guess you have tight stop loss.
Sure i do what do you think that i collect my money from the street, i blow few accounts before that's it
let's see cable where it will hit today...
- #50,399
- Jan 21, 2008 3:33am Jan 21, 2008 3:33am
- | Joined Dec 2007 | Status: Wish I had more capital !! ;-) | 1,050 Posts
