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Cable Update (GBPUSD)

  • #52,421
  • Feb 6, 2008 9:56am Feb 6, 2008 9:56am
Just look haw its funny,
I was very busy today for one of my company project and I save for my company over 200,000 $ in this project and I forget to add stop loss to my order also take profit point.
My order was short from 1.9615 to “in my mind not the platform” 1.9585. now out the market with only 10 pip.
  • #52,422
  • Feb 6, 2008 9:56am Feb 6, 2008 9:56am
Quoting Wilko
Can you post a picture of your wave count?
just open up the daily and count the waves you see after the previous low. simple............
  • #52,423
  • Feb 6, 2008 9:58am Feb 6, 2008 9:58am
Quoting Abuawad
Just look haw its funny,
I was very busy today for one of my company project and I save for my company over 200,000 $ in this project and I forget to add stop loss to my order also take profit point.
My order was short from 1.9615 to “in my mind not the platform” 1.9585. now out the market with only 10 pip.
why would you forget to use a sl or a tp if you are not at your computer??
careless.
  • #52,424
  • Feb 6, 2008 10:02am Feb 6, 2008 10:02am
Quoting AmeriTrini
why would you forget to use a sl or a tp if you are not at your computer??
careless.
No i went out side
any way +10 pip better than - or nothing and this is another lesson to learn in this market, whatever your experience in it you will have a mistakes.
i hope tomorrow is a better day
  • #52,425
  • Feb 6, 2008 10:04am Feb 6, 2008 10:04am
Quoting AmeriTrini
why would you forget to use a sl or a tp if you are not at your computer??
careless.
I'm not careless, i just forget the reason was urgent call from the client that make me go outside without planning for anything.
  • #52,426
  • Feb 6, 2008 10:11am Feb 6, 2008 10:11am
Quoting YudhaGBP7
U2 Buddy Out 4 now, almost 1 AM here.... (U shouldn't Novice but Outstanding or Exceptional... hehehe...) Thanks Buddy...
Good Night Buddy

Nice Signature !
  • #52,427
  • Feb 6, 2008 11:20am Feb 6, 2008 11:20am
Hi everyone,
I just want to say thank you to everyone on here… There is a nice mix of opinion and everyone has there reasons where the market might go… I appreciate all those that have shared there technical analysis and thoughts with all of us… The market will go up or down we need to be flexible and go with the trend… Also, I agree with an earlier comment about being positive or at least nice to one another with our comments, it is obvious that those that are sharing there comments and technical analysis are trying to help and want for all of us to make a ton of pips today so let’s be positive and nice about any criticism or trading frustration… It looks like it might be starting to head south but again who knows…

May the pips be with us all…
  • #52,428
  • Feb 6, 2008 11:47am Feb 6, 2008 11:47am
Quoting AmeriTrini
just open up the daily and count the waves you see after the previous low. simple............

Got it. Thanks.
  • #52,429
  • Feb 6, 2008 11:58am Feb 6, 2008 11:58am
i never seen cable so static...it better go up!!!!!!!
  • #52,430
  • Feb 6, 2008 12:04pm Feb 6, 2008 12:04pm
Quoting TradeHound
Hi everyone,
I just want to say thank you to everyone on here… There is a nice mix of opinion and everyone has there reasons where the market might go… I appreciate all those that have shared there technical analysis and thoughts with all of us… The market will go up or down we need to be flexible and go with the trend… Also, I agree with an earlier comment about being positive or at least nice to one another with our comments, it is obvious that those that are sharing there comments and technical analysis are trying to help and want for all of us to make a ton of pips today so let’s be positive and nice about any criticism or trading frustration… It looks like it might be starting to head south but again who knows…

May the pips be with us all…
Sounds a bit like a 'miss world' acceptance speech to me..

I don't swear at anyone except people with religious symbols on their cars who drive in an 'unholy' manner, but in order to examine all the UP and DOWN calls we have to pull people up and ask em 'why'

It doesn't matter that the reasoning was wrong - and I was wrong on the reaction to US jobs last week - but it is necessary to understand how people think and then look at why they might be right more than wrong or t'other way round in future

What a frustrating mkt just now...it's a mystery...
  • #52,431
  • Feb 6, 2008 12:11pm Feb 6, 2008 12:11pm
For the EW analysts can you take a look at my wave count and provide any feedback !!!!

Thanks in advance for any guidance.

(I appreciate that we don't really know if daily wave b has ended yet - I hope so as I'm holding longs.)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD Weekly 060208.jpg Size: 82 KB
Click to Enlarge Name: GBPUSD Daily 060208.jpg Size: 71 KB
  • #52,432
  • Feb 6, 2008 12:15pm Feb 6, 2008 12:15pm
Quoting allserene
Sounds a bit like a 'miss world' acceptance speech to me..

I don't swear at anyone except people with religious symbols on their cars who drive in an 'unholy' manner, but in order to examine all the UP and DOWN calls we have to pull people up and ask em 'why'

It doesn't matter that the reasoning was wrong - and I was wrong on the reaction to US jobs last week - but it is necessary to understand how people think and then look at why they might be right more than wrong or t'other way round in future

What a frustrating mkt just now...it's a mystery...
Nicely said, I could not agree more…
  • #52,433
  • Feb 6, 2008 12:18pm Feb 6, 2008 12:18pm
Quoting Wilko
For the EW analysts can you take a look at my wave count and provide any feedback !!!!

Thanks in advance for any guidance.

(I appreciate that we don't really know if daily wave b has ended yet - I hope so as I'm holding longs.)
The second chart looks good to me, I think that the first one is probably a lil bit zoomed out. That's why you probably cant see the waves clearly.

Now, for a wave C to be valid, what has to happen?
  • #52,434
  • Feb 6, 2008 12:39pm Feb 6, 2008 12:39pm
Quoting Abuawad
Just look haw its funny,
I was very busy today for one of my company project and I save for my company over 200,000 $ in this project and I forget to add stop loss to my order also take profit point.
My order was short from 1.9615 to “in my mind not the platform” 1.9585. now out the market with only 10 pip.
Well at least you never lose money so there is a consolation...
  • #52,435
  • Feb 6, 2008 12:40pm Feb 6, 2008 12:40pm
Wilko, good chart. cheers

i just felt sometimes, daily chart are just good for keep in mind in trading, not for pursuiting.
  • #52,436
  • Feb 6, 2008 12:58pm Feb 6, 2008 12:58pm
Quoting winwise
Wilko, good chart. cheers

i just felt sometimes, daily chart are just good for keep in mind in trading, not for pursuiting.
are you saying dailys are not good for trading ,thats funny cause I thought that was where the smart money is ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #52,437
  • Feb 6, 2008 1:09pm Feb 6, 2008 1:09pm
Thanks for your guidance so far ....

I have now created 2 charts for the 60 min chart. I cannot make up my mind which is correct.

I have longs and fear that the second chart is correct and we have a wave 5 down to complete before the upturn. In which case my stops need to handle a downturn to 1.9509 ????

I think I'll wait for the breakout (due shortly) to determine the direction.

Again, your feedback is appreciated.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD 60m v2.jpg Size: 71 KB
Click to Enlarge Name: GBPUSD 60min v1.jpg Size: 88 KB
  • #52,438
  • Feb 6, 2008 1:19pm Feb 6, 2008 1:19pm
Quoting Wilko
Thanks for your guidance so far ....

I have now created 2 charts for the 60 min chart. I cannot make up my mind which is correct.

I have longs and fear that the second chart is correct and we have a wave 5 down to complete before the upturn. In which case my stops need to handle a downturn to 1.9509 ????

I think I'll wait for the breakout (due shortly) to determine the direction.

Again, your feedback is appreciated.
The first chart is correct, in the second chart you completely missed one wave, so 5 should have ended at 1.9550 like it did in the first chart. You'll know which one you missed when you compare the charts.

Happy Trading!
  • #52,439
  • Feb 6, 2008 2:04pm Feb 6, 2008 2:04pm
will it go to 1.9550 before bulling...........
  • #52,440
  • Feb 6, 2008 2:21pm Feb 6, 2008 2:21pm
Quoting iakq
will it go to 1.9550 before bulling...........
its bulling now........
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