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Cable Update (GBPUSD)

  • #56,321
  • Feb 27, 2008 11:47am Feb 27, 2008 11:47am
technically = 4hr ichimoco and 4hr - 1hr alligator are bullish.

fundamentally = dow is bullish....data for us came out bad....$ down....

lets hope it takes double top before bearing..
  • #56,322
  • Feb 27, 2008 11:52am Feb 27, 2008 11:52am
it better...otherwise im going to go live on micro lots...lol
  • #56,323
  • Feb 27, 2008 11:52am Feb 27, 2008 11:52am
Quoting nAVIN2007
if this tanks im going o be pissed..i just bought 2 lots 1 hr ago..
shorting euro now - i can just hear cesarnc saying i am trying to stop a train but even gold has its upper price and some profit taking must be on the cards (he says)
  • #56,324
  • Feb 27, 2008 12:01pm Feb 27, 2008 12:01pm
what happened no ir cuts....
  • #56,325
  • Feb 27, 2008 12:02pm Feb 27, 2008 12:02pm
GBP sitting on 6hour and 24hour sma giving it good support, tempted to go GBP long here, trying to wait for the trend to turn up first though.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,326
  • Feb 27, 2008 12:03pm Feb 27, 2008 12:03pm
Quoting nAVIN2007
it better...otherwise im going to go live on micro lots...lol
WHY did yOU BUY?!?! lol, thats like trying to climb a building while walking off the edge at the top. It aint Happen should wait confermation
And your mouth dropped
  • #56,327
  • Feb 27, 2008 12:14pm Feb 27, 2008 12:14pm
Quoting lessy
time to bed... 00.23am...
bye nAVIN... bye makey..
good night you all...
Hey lessy hows your trades bud??
And your mouth dropped
  • #56,328
  • Feb 27, 2008 12:24pm Feb 27, 2008 12:24pm
Have I misread it, I was under the impression there was a rate decision today, but it's not on the calendar ??

GBP 1hour SMA keeping it down, 6hour SMA keeping it up, which will win, and even then will it have a good move worth the risk.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,329
  • Feb 27, 2008 12:27pm Feb 27, 2008 12:27pm
Quoting makey2u
WHY did yOU BUY?!?! lol, thats like trying to climb a building while walking off the edge at the top. It aint Happen should wait confermation
i guess all the crazyness of yesterday still there in my head, yeah i need to get confirmations first stupid stupid stupid me...

are we paused or what?
  • #56,330
  • Feb 27, 2008 12:32pm Feb 27, 2008 12:32pm
Quoting nAVIN2007
i guess all the crazyness of yesterday still there in my head, yeah i need to get confirmations first stupid stupid stupid me...

are we paused or what?
patience buddy u might still c it ur way!!!!!!!
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,331
  • Feb 27, 2008 12:33pm Feb 27, 2008 12:33pm
Quoting salah k.
patience buddy u might still c it ur way!!!!!!!
are u in the trade too?
  • #56,332
  • Feb 27, 2008 12:34pm Feb 27, 2008 12:34pm
Here is my logic behind the pause.

White / blue line going down, 1hour average keeping it pinned down.

Green / Yellow twin line creating support.

Bollinger bands have closed to.

* be nearly break even if I was holding the EUR short still dratts *
Attached Image (click to enlarge)
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Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,333
  • Feb 27, 2008 12:46pm Feb 27, 2008 12:46pm
Quoting nAVIN2007
are u in the trade too?
no im out for the day but i hve trades in aud and silver
i just closed aud but keeping silver
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,334
  • Feb 27, 2008 12:46pm Feb 27, 2008 12:46pm
what happened to berkake or whatever his name is ..we are sinking ..lol
  • #56,335
  • Feb 27, 2008 12:48pm Feb 27, 2008 12:48pm
Quoting nAVIN2007
what happened to berkake or whatever his name is ..we are sinking ..lol
Trade what you see, not what you think.
  • #56,336
  • Feb 27, 2008 12:53pm Feb 27, 2008 12:53pm
Quoting karmostaji
this time i cancel the position and now in short..it better not go up!
  • #56,337
  • Feb 27, 2008 12:54pm Feb 27, 2008 12:54pm
Quoting nAVIN2007
are u in the trade too?
no im out for the day but i hve trades in aud and silver
i just closed aud but keeping silver
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,338
  • Feb 27, 2008 12:58pm Feb 27, 2008 12:58pm
Quoting nAVIN2007
this time i cancel the position and now in short..it better not go up!

i am still holding my long position....
  • #56,339
  • Feb 27, 2008 12:58pm Feb 27, 2008 12:58pm
Quoting nAVIN2007
this time i cancel the position and now in short..it better not go up!
im not trying to act like i know even half as much as u do
but dont u think that u r losing pips by entering the market wen theres no clear direction
i mean uve already closed shorts and buys and now if it goes up u will close ur shorts again.

have patience and the market will eventually get clearer.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,340
  • Feb 27, 2008 1:04pm Feb 27, 2008 1:04pm
Salah, don't worry Navin is Demo only till April, best way to learn is by your mistakes. ( sadly I've got no memory these days so mistakes and forget them )

i played the trying to pick tops, which works on a short term +10 basis but ultimately always kicks you, well eventually it'll pay off, but yeah


Anyway, enough losses for 1 day, off to ride my bike and reflect on the days errors!!

GL all!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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