Be disciplined...trade once per day per pair...and stay away until tomorrow...
Cable Update (GBPUSD)
- #52,342
- Feb 6, 2008 8:41am Feb 6, 2008 8:41am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
- #52,343
- Feb 6, 2008 8:42am Feb 6, 2008 8:42am
The GBPUSD pair is trading beautifully at the moment and is near, or has already entered, its corrective c wave. Either a fall towards 1.935 followed by an uptrend or an uptrend should develop now. Looking for the pair to trade up towards 2.02-2.03 price within the next 15-10 days, respectively, depending on the strength. Hard to say if this is a bearish flat or triangle formation, but it's looking more like a triangle due to the b wave retracing only 61.8%. Regardless, all signs point to GBPUSD being bullish. Next few days will be really interesting, especially with several important news reports coming out. Hopefully the BoE announcement sends the pair down for a bearish flat to provide some more trading opportunities 
- #52,345
- Feb 6, 2008 8:45am Feb 6, 2008 8:45am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
The GBPUSD pair is trading beautifully at the moment and is near, or has already entered, its corrective c wave. Looking for the pair to trade up towards 2.02-2.03 price within the next 15-10 days, respectively, depending on the strength. Hard to say if this is a bearish flat or triangle formation, but it's looking more like a triangle due to the b wave retracing only 61.8%. Regardless, all signs point to GBPUSD being bullish. Next few days will be really interesting, especially with several important news reports coming out
anyways today was'nt a gr8 day for me, yesterday i made 60 pips, today i lost 18...
...does'nt matter i am still 60 pips profit from monday till today...
I believe . . .
- #52,346
- Feb 6, 2008 8:50am Feb 6, 2008 8:50am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
30 minutes more.. and wollah we are going to 1.9500
http://i81.photobucket.com/albums/j2...pifagiph-2.gif
do you consider it wise going short for a few pips??
I believe . . .
- #52,348
- Feb 6, 2008 8:56am Feb 6, 2008 8:56am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Just wait 30 mins more and see..
I believe . . .
- #52,349
- Feb 6, 2008 8:57am Feb 6, 2008 8:57am
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
Just wait 30 mins more and see..
- #52,350
- Feb 6, 2008 8:59am Feb 6, 2008 8:59am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
loool man good to hear that still holding my short at 601
the present 1H candle did it for me, thought this was all gonna fai, so closed the trade at -18 pips! lol! i am still learning...
I believe . . .
lol! you're lucky, my loss for the day came when i mis understood the market jerks today...
- #52,352
- Feb 6, 2008 9:02am Feb 6, 2008 9:02am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I think i ate ur 18 pips..
I believe . . .
- #52,353
- Feb 6, 2008 9:04am Feb 6, 2008 9:04am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
ok finally went short at 1.9585 for 24 pips! hope this all comes out ok for me, already a loss for the day, hope i can get some food back...lololol!
you need to let the pair breathe for a while after it took 100 PIPS downfall..
Suppose you have run 100 KMS.. dont know if someone with no stop lolz.. and then after you have run 100 KMS, you would stop,, drink water, relax, adjust your self...
And then you will run another 100 KMS towards your home (thats 1.9500)
Then you say ooh damn i forgot something 50 KMS behind me, then you go to 1.9555, get it.. and then think.. should i go back to 1.9500 or shall i just go back to 1.9600..
Lolz a nice story i think so i have written
... After this i am writing a book.. hehe
- #52,357
- Feb 6, 2008 9:15am Feb 6, 2008 9:15am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Just be patient.. dont worry.. we are in downtrend still..
you need to let the pair breathe for a while after it took 100 PIPS downfall..
Suppose you have run 100 KMS.. dont know if someone with no stop lolz.. and then after you have run 100 KMS, you would stop,, drink water, relax, adjust your self...
And then you will run another 100 KMS towards your home (thats 1.9500)
Then you say ooh damn i forgot something 50 KMS behind me, then you go to 1.9555, get it.. and then think.. should i go back to 1.9500 or shall i just go back to 1.9600..
Lolz a nice story i think so i made
After this i am writing a book.. hehe
first off you'll do good as an author....
anyways coming back to the topic, you mean to sayt his consolidation process that seems to be building up is juts a breather for the pair...woohooo man! i am sill new to forex a few pips against me makes me sweat in damn cold! haha! so guess i'll just log off and have some trust in you, let's see if yu're correct, and if you really are i would want to know what made you say all of this...
I believe . . .
- #52,358
- Feb 6, 2008 9:17am Feb 6, 2008 9:17am
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
why is this red and it came out better than expected??
8:30am USDhttp://www.forexfactory.com/images/m...mpact_high.gifNonfarm Productivity q/q (p)
http://www.forexfactory.com/images/m...etail_star.gif 1.8%
0.5%6.3%
8:30am USDhttp://www.forexfactory.com/images/m...mpact_high.gifNonfarm Productivity q/q (p)
http://www.forexfactory.com/images/m...etail_star.gif 1.8%
0.5%6.3%
- #52,359
- Feb 6, 2008 9:19am Feb 6, 2008 9:19am
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
30 minutes more.. and wollah we are going to 1.9500
