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Cable Update (GBPUSD)

  • #56,921
  • Mar 3, 2008 11:54am Mar 3, 2008 11:54am
dunno how anyone can trade off 4H charts, no where near enough information for me.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,922
  • Mar 3, 2008 11:54am Mar 3, 2008 11:54am
one thing i learned.....sitting on the fence when this is happening means yur winning..these are the times when its gambling!!!!! and its best to just keep your funds
  • #56,923
  • Mar 3, 2008 11:58am Mar 3, 2008 11:58am
1 thing I learned is, if your not 100% alert and awake don't trade cause I will blow the account, better not to trade than lose.

Mondays, go for a swim soon see if that'll wake me up.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,924
  • Mar 3, 2008 11:58am Mar 3, 2008 11:58am
Do not bother with lower timeframes, I always look daily and up. I track down hourly chart just for clear wave count.
  • #56,925
  • Mar 3, 2008 12:00pm Mar 3, 2008 12:00pm
in reality this past 2 months there really has been no solid confermation if anyone noticed. but anyways;
My moneyes on the down move, i shorted again. im ready to roll.
And your mouth dropped
  • #56,926
  • Mar 3, 2008 12:11pm Mar 3, 2008 12:11pm
Quoting nAVIN2007
one thing i learned.....sitting on the fence when this is happening means yur winning..these are the times when its gambling!!!!! and its best to just keep your funds
this is not gambling.... nAV,
just make up your mind... which one you choose according your analysis...
use the bigger TF to find the direction... there's a lot chart posted here...
compare it with your chart...

i have my own direction...
Never Give Up.....
  • #56,927
  • Mar 3, 2008 12:16pm Mar 3, 2008 12:16pm
Remember you could flip a coin as to direction to enter and with good Money Management still make a profit.

On the positive side I have a totally 100% unique system, entirely self created
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,928
  • Mar 3, 2008 12:16pm Mar 3, 2008 12:16pm
Quoting lessy
this is not gambling.... nAV,
just make up your mind... which one you choose according your analysis...
use the bigger TF to find the direction... there's a lot chart posted here...
compare it with your chart...

i have my own direction...
loving the confidence buddy ...good for u ...
im going long ....i want to to go to 2.0 if it does lessy i will be trading next week on live account buddy..
  • #56,929
  • Mar 3, 2008 12:26pm Mar 3, 2008 12:26pm
no real movement today. all going in a sideways channel. i guess the mrket is waiting for the rate deciion on thursday. no real news coming out before then.
  • #56,930
  • Mar 3, 2008 12:26pm Mar 3, 2008 12:26pm
Quoting Abuawad
03-03-2008
from 1.9865 to 1.9851 & 1.9806 then from 1.9851 to 1.9905
total: +99 pips
i'm out
  • #56,931
  • Mar 3, 2008 12:27pm Mar 3, 2008 12:27pm
small live account Navin I trust ??? although $10 per pip would be fun for abit.

What was your score pips wise last week ??

I should have more money in the account, week after next, still $1 per pip, but can trade GBPUSD and EURUSD same time if there are trades on both, and also use the FXCM's hedging too make short term trades against the trend position I'll have, without any risk kinda, other than not making if market keeps going with the trend and doesn't give me small profit to eeck!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,932
  • Mar 3, 2008 12:31pm Mar 3, 2008 12:31pm
Quoting nAVIN2007
loving the confidence buddy ...good for u ...
im going long ....i want to to go to 2.0 if it does lessy i will be trading next week on live account buddy..
i tell you mine.....
cable down to 1.9800-10.... and then go up and break the triangle...
so bullish pennant confirmed... then you can see 2.0 area...
this is just my analysis...
Never Give Up.....
  • #56,933
  • Mar 3, 2008 12:33pm Mar 3, 2008 12:33pm
Looking back we are on a very powerful support/resistant line now. 4h hour chart has a lot of indecision. The best thing to do now is wait for direction. As I see it it could really go either way. I have arguments for long and short. I’ll rather wait to see. Above 1.9900 we going all the way up below 1.9800 it’s all the way down. (Sorry I that were Karmostaji call. Originally Posted by karmostaji
close above 9900 > Bullish
close below 9780 > Bearish

I also think that is correct. Btw got 67 pips of the drop today! Yeh that more than my target!
  • #56,934
  • Mar 3, 2008 12:34pm Mar 3, 2008 12:34pm
Fed speaking in 25mins ( Not rate cut though ), so I guess we'll get some movement after that.

Lessy, still sell side so high odds we'll test the lows of the day again.

* staying awake is the real challenge when it's like this LOL *
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,935
  • Mar 3, 2008 12:41pm Mar 3, 2008 12:41pm
Quoting Turveyd
Fed speaking in 25mins ( Not rate cut though ), so I guess we'll get some movement after that.

Lessy, still sell side so high odds we'll test the lows of the day again.

* staying awake is the real challenge when it's like this LOL *
i still keep my short @1.9908... i think i have to prepare to square it...
didn't hit my target yet... TP @1.9810
Never Give Up.....
  • #56,936
  • Mar 3, 2008 12:45pm Mar 3, 2008 12:45pm
Quoting nAVIN2007
i will be trading next week on live account buddy..
i thought you gonna start your live account in april?
can't wait ha? so tempting right?
Never Give Up.....
  • #56,937
  • Mar 3, 2008 12:50pm Mar 3, 2008 12:50pm
Quoting lessy
i thought you gonna start your live account in april?
can't wait ha? so tempting right?
I really nervous about having a live account i hate to lose even when i have a demo ..but if we go to 2.0 area i will get good $ to the £ more money in trading account so i might as well ....
  • #56,938
  • Mar 3, 2008 12:57pm Mar 3, 2008 12:57pm
Quoting nAVIN2007
I really nervous about having a live account i hate to lose even when i have a demo ..but if we go to 2.0 area i will get good $ to the £ more money in trading account so i might as well ....
if you nerveous......DON'T TRADE!!
wait 'till you ready.... at least 'till you find THE BEST PRICE to enter..
good luck buddy..
Never Give Up.....
  • #56,939
  • Mar 3, 2008 1:08pm Mar 3, 2008 1:08pm
Got to start small somewhere, just start small and don't put much money into the account so you've not got the option to get gambly and take a big hit.

If you put 5K in, you'll be flipping trades at $10 per pip like mad man and likely lose it all!!!

I'm going to add £300 per month for the next 3months I think ( maybe more if needed, hopefully less ), so it's not too much of a culture shock and if i blow it all 1 month, got more to keep trying with next month and so on and so forth!!

* on the basis no money sent since november and 80+ trades made, I shouldn't blow it, but hey always have a plan B *
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,940
  • Mar 3, 2008 1:13pm Mar 3, 2008 1:13pm
Traders raised bets that Fed will lower the key interest rate three quarters of a percentage point at its March 18 meeting. Fed fund futures contracts on the Chicago Board of Trade show 72 percent odds the Fed will cut 75 basis points to 2.25 percent. A week ago, the odds were 2 percent
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