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Cable Update (GBPUSD)

  • #57,181
  • Mar 5, 2008 3:18am Mar 5, 2008 3:18am
Quoting salah k.
yes my friend i did hamdellah.
how about u buddy?
well i started the account at £3000 and last week because of that trade i lost a crazy amount...it dropped to 1,400$ now its 2,600$ still at a loss but im trading conservatively...just wanting to make money regardless. I think i might start next week ....but i thinking if i can grow 1,400$ to 2,600$ maybe its best to start with a small account and trade it up!
  • #57,182
  • Mar 5, 2008 3:23am Mar 5, 2008 3:23am
Quoting nAVIN2007
well i started the account at £3000 and last week because of that trade i lost a crazy amount...it dropped to 1,400$ now its 2,600$ still at a loss but im trading conservatively...just wanting to make money regardless. I think i might start next week ....but i thinking if i can grow 1,400$ to 2,600$ maybe its best to start with a small account and trade it up!

all the best my friend and sorry for ur loss i have no doubt u will make it back but my advice is try not to ignore fundamentals especially if ur trading short time frames.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,183
  • Mar 5, 2008 3:30am Mar 5, 2008 3:30am
Quoting Abuawad
05-03-2008
from 1.9840 to 1.9719 the third target for today , +121 pips

i'm out
  • #57,184
  • Mar 5, 2008 3:31am Mar 5, 2008 3:31am
Services PMI
54.0 52.0 52.5
thats wat the hike is all about.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,185
  • Mar 5, 2008 3:31am Mar 5, 2008 3:31am
Quoting lessy
sorry to hear that..

i told myself today that i will not go in the market.......but sc*** my pateince...i went in......all i made in feb...lost in couple of hours....


well tomm is a new day....
  • #57,186
  • Mar 5, 2008 3:32am Mar 5, 2008 3:32am
Quoting salah k.
all the best my friend and sorry for ur loss i have no doubt u will make it back but my advice is try not to ignore fundamentals especially if ur trading short time frames.
I trade 4hr time frame upwards now...i will take notice of news events though but i think and believe its all incoporated in the charts..
  • #57,187
  • Mar 5, 2008 3:38am Mar 5, 2008 3:38am
Anybody else pick up some fresh shorts at 19775?

And another batch out of the oven at 19795
"Timing Is Everything. Really I Swear It Is"
  • #57,188
  • Mar 5, 2008 3:39am Mar 5, 2008 3:39am
Quoting nAVIN2007
I trade 4hr time frame upwards now...i will take notice of news events though but i think and believe its all incoporated in the charts..
believe me my friend the news is wat triggers the markets and from there on listen to ur charts but be there wen they get triggered thats all im saying.
good luck (hope u didnt take another sick leave this week)
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,189
  • Mar 5, 2008 3:40am Mar 5, 2008 3:40am
Quoting TexasforEX
Anybody else pick up some fresh shorts at 19775?

I got .9772
  • #57,190
  • Mar 5, 2008 3:41am Mar 5, 2008 3:41am
Quoting salah k.
Services PMI
54.0 52.0 52.5
thats wat the hike is all about.
I see what u mean ...services PMI was just realised and it went up 40 pips or so ...but will it be enough to make us go up ...?
point noted thou ....i wasnt even aware of the news report ..this is another thing i need to condition too b4 i lose my account ...thx man for pointing it out ..
  • #57,191
  • Mar 5, 2008 3:46am Mar 5, 2008 3:46am
Quoting nAVIN2007
I see what u mean ...Manufacturing PMI was just realised and it went up 40 pips or so ...but will it be enough to make us go up ...?
well u c we were gonna correct from this sharp sell off but there is something u should know the fact that Manufacturing PMI was stronger than expected will get news traders thinking that BOE will surely not cut rates so it might have a stronger effect but if u look at ur charts(4h) looks like we will be seeing 9650 today.

anyway one more thing buddy we have some dollar numbers today watch out for them.
dollar might be very strong today(VERY STRONG)
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,192
  • Mar 5, 2008 3:57am Mar 5, 2008 3:57am
Quoting salah k.
well u c we were gonna correct from this sharp sell off but there is something u should know the fact that Manufacturing PMI was stronger than expected will get news traders thinking that BOE will surely not cut rates so it might have a stronger effect but if u look at ur charts(4h) looks like we will be seeing 9650 today.

anyway one more thing buddy we have some dollar numbers today watch out for them.
dollar might be very strong today(VERY STRONG)
ok so that chart say go short and news say £ is stronger than expected hence why we went up but will this report, change the perpective of the day form short to long u think? ...or is it just a glitch because people bought because of the news
  • #57,193
  • Mar 5, 2008 4:02am Mar 5, 2008 4:02am
i back again ... how is market now ... i was out for 3 hours
  • #57,194
  • Mar 5, 2008 4:03am Mar 5, 2008 4:03am
Quoting nAVIN2007
ok so that chart say go short and news say £ is stronger than expected hence why we went up but will this report, change the perpective of the day form short to long u think?
i dont think so ;
u c we have good dollar reports today plus i beleive dollar selloff lost its momentum so we might c cable fly a bit higher but only until 9:15 GMT .
then i believe we will go back down (to our original bearish movement)
at least thats wat i think.
any comments are welcome.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,195
  • Mar 5, 2008 4:03am Mar 5, 2008 4:03am
Quoting deboooo2005
i back again ... how is market now ... i was out for 3 hours
upside down
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,196
  • Mar 5, 2008 4:07am Mar 5, 2008 4:07am
Quoting salah k.
i dont think so ;
u c we have good dollar reports today plus i beleive dollar selloff lost its momentum so we might c cable fly a bit higher but only until 9:15 GMT .
then i believe we will go back down (to our original bearish movement)
at least thats wat i think.
any comments are welcome.
it seems to me your going to make a fine fundamentalist trader..nah i have to go work but im stalling cause of this this news thing...curious to see whats happening ...dont u just loving trading
  • #57,197
  • Mar 5, 2008 4:16am Mar 5, 2008 4:16am
Quoting makey2u
well.... not to brag... but i did say it was on a supported wedge
Well done mike ,you do have a gift,lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,198
  • Mar 5, 2008 4:29am Mar 5, 2008 4:29am
Quoting nAVIN2007
it seems to me your going to make a fine fundamentalist trader..nah i have to go work but im stalling cause of this this news thing...curious to see whats happening ...dont u just loving trading
no buddy i sold long be4 fundamentals told me to sell but i would rather be there when news come out for scalping or for changing t/p or s/l
but in the end i found out that the chart always prevails thnx to u ,bones, karmostaji and others. all of u told me the same thing charts are always right.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,199
  • Mar 5, 2008 4:29am Mar 5, 2008 4:29am
Quoting nAVIN2007
Moe do u know what the gartley formation means...
If I Go Broke Trying Then I Will die happy.
  • #57,200
  • Mar 5, 2008 4:33am Mar 5, 2008 4:33am
Just as i promised mackey2u, 1.9720
Fall again piggy, fall!!
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