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Cable Update (GBPUSD)

  • #56,341
  • Feb 27, 2008 1:14pm Feb 27, 2008 1:14pm
Quoting salah k.
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.
I was permature on the long and the support has now turned to resistance..its falling i feel and is confirmed my the 1 hr chart
piercing pattern...stoch the 2 lines crossed.
ero is falling too this is a good sign...maybe 200 pips possible its a good time to make a trade

target 198.20 then i will look for next target
  • #56,342
  • Feb 27, 2008 1:15pm Feb 27, 2008 1:15pm
Maybe it will dip, and I will buy the dip.. or sell a rally above 2.0
  • #56,343
  • Feb 27, 2008 1:23pm Feb 27, 2008 1:23pm
Quoting nAVIN2007
I was permature on the long and the support has now turned to resistance..its falling i feel and is confirmed my the 1 hr chart
piercing pattern...stoch the 2 lines crossed.
ero is falling too this is a good sign...maybe 200 pips possible its a good time to make a trade

target 198.20 then i will look for next target
im looking at my charts and i dont know if u realized this is the second time we hit 9900 area and cant brake it seems like we r gona fall hardly
then again maybe this assumption is too premature.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,344
  • Feb 27, 2008 1:23pm Feb 27, 2008 1:23pm
So far so good Navin

Past trades/profits/losses, should never interfere with your trade direction, as soon as you think your on the wrong side, flip, the second your unsure about direction exit and watch.

If your base your next trade decision bases on your previous trade, your most likely doomed.

100pip down move, and i watched it
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,345
  • Feb 27, 2008 1:24pm Feb 27, 2008 1:24pm
oh yeah sheck out the whole market
its falling
DOW geppy euro aussie oil silver gold
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,346
  • Feb 27, 2008 1:25pm Feb 27, 2008 1:25pm
Quoting Turveyd
So far so good Navin

Past trades/profits/losses, should never interfere with your trade direction, as soon as you think your on the wrong side, flip, the second your unsure about direction exit and watch.

If your base your next trade decision bases on your previous trade, your most likely doomed.

100pip down move, and i watched it
Agreed. Use the Force Nav
  • #56,347
  • Feb 27, 2008 1:26pm Feb 27, 2008 1:26pm
Quoting TIckerShuffl
Agreed. Use the Force Nav
  • #56,348
  • Feb 27, 2008 1:28pm Feb 27, 2008 1:28pm
GPB 50% long here, EUR strength should raise all boats!!

watch GBP do nothing this time


Theory being shouldn't have alot more downside, double up 10pips lower if that happens.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,349
  • Feb 27, 2008 1:28pm Feb 27, 2008 1:28pm
Quoting Turveyd
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!!!
nevermind so long as u have a account theres always a comeback
  • #56,350
  • Feb 27, 2008 1:29pm Feb 27, 2008 1:29pm
we should be back where we started this week in the 9600's
If I Go Broke Trying Then I Will die happy.
  • #56,351
  • Feb 27, 2008 1:31pm Feb 27, 2008 1:31pm
Well aslong as FXCM keep accepting my cheques, top up required soon at this rate.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,352
  • Feb 27, 2008 1:32pm Feb 27, 2008 1:32pm
Quoting Moe
we should be back where we started this week in the 9600's
im likely u say this..
  • #56,353
  • Feb 27, 2008 1:36pm Feb 27, 2008 1:36pm
Quoting salah k.
oh yeah sheck out the whole market
its falling
DOW geppy euro aussie oil silver gold

when u go live what lot sizes are u likely to trade with?
  • #56,354
  • Feb 27, 2008 1:37pm Feb 27, 2008 1:37pm
Ok i'm thinking if 1.9826 gets broken GBP is in for a fall. That would be a 1-2-3 top reversal on the 1 hour charts. This is also a bounce off resistance of the Jan 30 high. Target would be around 1.96.
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  • #56,355
  • Feb 27, 2008 1:42pm Feb 27, 2008 1:42pm
Concur Btard, put the other 1/2 of my position in, theory being bounce off the days lows or tight stop and take another hit!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,356
  • Feb 27, 2008 1:42pm Feb 27, 2008 1:42pm
Quoting Moe
we should be back where we started this week in the 9600's
Looking in the past maybe even 1.94, but it was good trade day today
  • #56,357
  • Feb 27, 2008 1:45pm Feb 27, 2008 1:45pm
look at the euro/usd 1 hour chart and see if you can resist a short

i couldnt

make a bundle then come back and buy cable on the next real dip
  • #56,358
  • Feb 27, 2008 1:49pm Feb 27, 2008 1:49pm
Quoting Turveyd
Concur Btard, put the other 1/2 of my position in, theory being bounce off the days lows or tight stop and take another hit!!
i find when ever i place trades with sl i getting stopped out ..so i stoped using them unless i really need too (not by pc) it might be yur broker, its actually quite common and they can do this quite easily.
  • #56,359
  • Feb 27, 2008 1:49pm Feb 27, 2008 1:49pm
Quoting sDRs
Looking in the past maybe even 1.94, but it was good trade day today
gbp is going back over 2 i reckon - the US is sliding so fast and europe + the sceptred isle, this England is doing just fine in comparison

whats so good about the crumby dollar anyway ?

even the guy who lives next door to osama and plays golf with him cant be bothered collecting the reward coz its in dollars
  • #56,360
  • Feb 27, 2008 1:50pm Feb 27, 2008 1:50pm
Quoting nAVIN2007
when u go live what lot sizes are u likely to trade with?
im gona try out with 1000$ so 0.1 lots is the most i would use if that
plus im aiming at long time frames.

for more safety
"what doesn't bankrupt me, makes me stronger" modern nietzche
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