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Cable Update (GBPUSD)

  • #56,361
  • Feb 27, 2008 11:50am Feb 27, 2008 11:50am
Quoting allserene
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
i was short on it but somehow it seems to be stalling..the train dont want to stop ...lol be carefull
  • #56,362
  • Feb 27, 2008 11:51am Feb 27, 2008 11:51am
The way I see it the price is consolidating from the rapid rise and I will be looking to see what the close of day bar looks like for my next move. My original feeling of the rejection of price at above last months high still feels right and I am thinking further set backs down to the 9600s.Im glad last months highs have been broken though ,as it keeps that Pin in focus even if we fall back.
Right now I would really like a weekly close at over 9750
A daily close around 9850 would be nice.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #56,363
  • Feb 27, 2008 12:00pm Feb 27, 2008 12:00pm
Quoting salah k.
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
give yourself a chance u never gonna make money if u do that, im going to start with $3000 at least..
I plan is to do 0.5 lots get 20 pips I will exit 0.4 lots after this and ride the rest through, as soon as your confident yur with the trend move SL to entry and leave it alone.....u just have to get the entries perfect but if yur trading daily and 4 hrs..u have room to even if u get it wrong. This is what im going to drum into my head b4 i start
  • #56,364
  • Feb 27, 2008 12:12pm Feb 27, 2008 12:12pm
You can start with $1000 if you want. You basically just want to see how much of a % you can make (or not lose hehe). If you do well with $1000 maybe after a few months add more. I'm just using $1000 right now and will add more when I can get up to $2000.
  • #56,365
  • Feb 27, 2008 12:13pm Feb 27, 2008 12:13pm
Buy again 1,9700 area !ALL WAY UP
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  • #56,366
  • Feb 27, 2008 12:16pm Feb 27, 2008 12:16pm
never been stopped by something thats not on my chart, and I use a different chart feed.

But the big players know how to play the game and know where us grunts will likely put our stops.

Why didn't I take my 10pips profit earlier again, looking like another loss coming my way I was 4 pips off break even on the day to typical!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,367
  • Feb 27, 2008 12:19pm Feb 27, 2008 12:19pm
A break below 1.9825 confirms H&S and argue for move to support in 1.9700s where I will buy, probably. I hope so
  • #56,368
  • Feb 27, 2008 12:23pm Feb 27, 2008 12:23pm
Trading with @$300 here currently ( and falling ), I say keep your account pretty small, stops you getting gambly and doing too many lots per trade, yes you might wipe the account, which is a good eye opener, then transfer over more to get you back to $300 and see how many trades you get before margined out again.

When I'm consistently profitable, then well the account should grow on it's own fast enough to not require additional funds, but it would be nice to add $1000 cash permitting if i ever get it there.

Shoulda went Euro long, on my 6hour sma support line for @20pips, but hey, not given up on a GPB bounce yet.

and down it goes again, NOOOOOOOOOOOOOOOOOOO!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,369
  • Feb 27, 2008 12:26pm Feb 27, 2008 12:26pm
CT, do you mind if it bounced to say 1.9860 first pls
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,370
  • Feb 27, 2008 12:26pm Feb 27, 2008 12:26pm
Learn my favorite word, it's called 'Patience'
Trade what you see, not what you think.
  • #56,371
  • Feb 27, 2008 12:28pm Feb 27, 2008 12:28pm
STOPPED SOB SOB,

And the worse day goes to Wednesday

Classic Stop hitting tactic, UP UP and away without me LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,372
  • Feb 27, 2008 12:32pm Feb 27, 2008 12:32pm
Quoting FXdaily
Buy again 1,9700 area !ALL WAY UP
but it will go down for now, unless we will see consolidating channel, on which I doubt
  • #56,373
  • Feb 27, 2008 12:36pm Feb 27, 2008 12:36pm
geppy down too

plus i dont think this is a correction
because looks like euro is moving north and dollar is weak
cable made its mind
down it is then
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,374
  • Feb 27, 2008 12:39pm Feb 27, 2008 12:39pm
As said previously, not wise to use EUR to trade GBP this is a prime example of it.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,375
  • Feb 27, 2008 12:42pm Feb 27, 2008 12:42pm
Quoting salah k.
geppy down too

plus i dont think this is a correction
because looks like euro is moving north and dollar is weak
cable made its mind
down it is then
Man, You argue with yourself in this post
  • #56,376
  • Feb 27, 2008 12:55pm Feb 27, 2008 12:55pm
Quoting salah k.
geppy down too

plus i dont think this is a correction
because looks like euro is moving north and dollar is weak
cable made its mind
down it is then
42+ PIPS ON THE SHORT BRO ...and on the last 0.1 lot riding the wave or the she devil ...lol
  • #56,377
  • Feb 27, 2008 12:59pm Feb 27, 2008 12:59pm
Quoting nAVIN2007
42+ PIPS ON THE SHORT BRO ...and on the last 0.1 lot riding the wave or the she devil ...lol
congratulations mate
u deserve it after watching the screen that long it finally paid off
u jumped at the perfect time
all the best
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,378
  • Feb 27, 2008 1:01pm Feb 27, 2008 1:01pm
Quoting sDRs
Man, You argue with yourself in this post

not arguing with anyone bro im just saying wat i think
if i get comments that would b gr8
even better if i get corrected
then again the market is the best teacher.
good luck in ur trading.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,379
  • Feb 27, 2008 1:02pm Feb 27, 2008 1:02pm
Quoting salah k.
not arguing with anyone bro im just saying wat i think
if i get comments that would b gr8
even better if i get corrected
then again the market is the best teacher.
good luck in ur trading.
if EU will continue uptrend ( hardly ) then cable wount fall for sure as you have wrotte in your post
  • #56,380
  • Feb 27, 2008 1:05pm Feb 27, 2008 1:05pm
Quoting nAVIN2007
42+ PIPS ON THE SHORT BRO ...and on the last 0.1 lot riding the wave or the she devil ...lol
hey have you been promoted my friend senior member ?
im thinking if you want to short you may get a slightly better price from here before the nights out
On-site guru & also FF member's' psychiatrist, when not drinking tea
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