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Cable Update (GBPUSD)

  • #57,681
  • Mar 10, 2008 4:52pm Mar 10, 2008 4:52pm
Quoting nAVIN2007
what do u see the likely hood of this happening, cause i think we had a retracement to 50% now we are resuming normal trend..see diagram
what do u think?
very possible, I like how you think.. simple and effective
Trade what you see, not what you think.
  • #57,682
  • Mar 10, 2008 4:54pm Mar 10, 2008 4:54pm
Quoting karmostaji
I know you are afraid of losing and entering bad trades but the truth is that you will do mistakes, enter bad trades, lose real money, and that is HOW you are going to truly learn how to trade and to start leave your emotions next door.

We humans learn from our mistakes, so don't be afraid and if you see a setup, believe in yourself and your analysis and click that button with no fear whatsoever.

Believe in yourself my brother
nshallah kheir my brother
im just waiting for the right moment because in a 1000$ account there isnt much equity to be able to take risk since the smallest size is a 0.1 lot which is 10% of the account.

so im trying the best i can to learn from my demo mistakes. hopefully it will work out fine without the need to blow my account.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,683
  • Mar 10, 2008 4:55pm Mar 10, 2008 4:55pm
Quoting karmostaji
very possible, I like how you think.. simple and effective
thx man ..I think im starting to get a idea of how this pair works...and learning from u guys everyday...
  • #57,684
  • Mar 10, 2008 4:56pm Mar 10, 2008 4:56pm
Quoting nAVIN2007
what do u see the likely hood of this happening, cause i think we had a retracement to 50% now we are resuming normal trend..see diagram
what do u think?
Well spotted Nav ,50 is indeed a great turning point. But totally on its own not so good. What do you know about Fib Expansions Nav cause if you believed that graph you could apply one to get some targets.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,685
  • Mar 10, 2008 4:56pm Mar 10, 2008 4:56pm
Quoting Abuawad
I’m out for today, the market tricky and I have something else today here is the summary of today:

from 2.0170 to 2.0188 18 pip , then from 2.0180 to 2.0120 50 pip, and the total +78 pip

I think the cable will test the down limit target at 2.0188. but I’m happy with the 78 pip

Till now the average pip/day for March 2008 is 98.3 pip.
Done
  • #57,686
  • Mar 10, 2008 4:56pm Mar 10, 2008 4:56pm
EURUSD going up, GBPUSD going down, interesting moderate volume on GU for the time to.


Long GU ( maybe ) for a bounce soon, but patience is KEY!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57,687
  • Mar 10, 2008 4:59pm Mar 10, 2008 4:59pm
Quoting salah k.
nshallah kheir my brother
im just waiting for the right moment because in a 1000$ account there isnt much equity to be able to take risk since the smallest size is a 0.1 lot which is 10% of the account.

so im trying the best i can to learn from my demo mistakes. hopefully it will work out fine without the need to blow my account.
with $1K you should open a mini account and not a standard account coz you are currently in suicide mode.

If you think you're not going to blow your account, think again bro.
Trade what you see, not what you think.
  • #57,688
  • Mar 10, 2008 5:01pm Mar 10, 2008 5:01pm
is it good to long gu right now.....any comments...
  • #57,689
  • Mar 10, 2008 5:02pm Mar 10, 2008 5:02pm
salam to muslim and greeting to the others!

im new in this forum but im already in this industry for quite so long..

im already entering sell at 2.0100 seems the price is suppose to bounce back to the exact track.. the retracement is almost completed and daily candle is showing good sign of reversal..

cheers!
  • #57,690
  • Mar 10, 2008 5:02pm Mar 10, 2008 5:02pm
Quoting karmostaji
with $1K you should open a mini account and not a standard account coz you are currently in suicide mode.

If you think you're not going to blow your account, think again bro.
the problem is they dont have smaller lot sizes
u c y im thinking a 1000 times be4 entering a trade.

so im not thinking again only
im thinking again and again and again .....
but im not gonna blow my account nshallah
i'll keep u posted about the account.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,691
  • Mar 10, 2008 5:05pm Mar 10, 2008 5:05pm
Quoting iakq
is it good to long gu right now.....any comments...
i would wait if i were u
we have RICS house price in 2 hours
it would be better to long or short after its done plus at this times there isnt much volume usually.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,692
  • Mar 10, 2008 5:05pm Mar 10, 2008 5:05pm
Quoting karmostaji
with $1K you should open a mini account and not a standard account coz you are currently in suicide mode.

If you think you're not going to blow your account, think again bro.
That is so true,Infact its a necessary experiance ,lol
Having said that i really wish you guys great trading.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,693
  • Mar 10, 2008 5:06pm Mar 10, 2008 5:06pm
IAKQ, long at 20060, so till well tell, only for a bounce tight stop.

back to 80 is the target!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57,694
  • Mar 10, 2008 5:06pm Mar 10, 2008 5:06pm
Quoting Bones
Well spotted Nav ,50 is indeed a great turning point. But totally on its own not so good. What do you know about Fib Expansions Nav cause if you believed that graph you could apply one to get some targets.
to be honest i dont but my objective to to see patterns in this pair and i have notice retracements at 50% fib level on weekly charts...when we get to each fib i will look for reversal signs but im thinking we are going down

daily chart stochastics is showing diverenge also ...which kinda strengthens my believe that my target is below like 1.93....but its kinda a hunch and really have nothing as a confirmation which is why every fib level is impt
  • #57,695
  • Mar 10, 2008 5:07pm Mar 10, 2008 5:07pm
11-3-2008
Attached Image
  • #57,696
  • Mar 10, 2008 5:08pm Mar 10, 2008 5:08pm
Quoting salah k.
the problem is they dont have smaller lot sizes
u c y im thinking a 1000 times be4 entering a trade.

so im not thinking again only
im thinking again and again and again .....
but im not gonna blow my account nshallah
i'll keep u posted about the account.
Close the account, find a different broker which allows you (Oanda, IBFX)

I'm just trying to help because your hard earned money will evaporate sooner than you think and it will hurt you emotionally, but if you insist then you'll have an experience you'll never forget.
Trade what you see, not what you think.
  • #57,697
  • Mar 10, 2008 5:10pm Mar 10, 2008 5:10pm
Quoting salah k.
the problem is they dont have smaller lot sizes
u c y im thinking a 1000 times be4 entering a trade.

so im not thinking again only
im thinking again and again and again .....
but im not gonna blow my account nshallah
i'll keep u posted about the account.
id scalp if i was u....u stand a better chance keep loses to mininum
  • #57,698
  • Mar 10, 2008 5:11pm Mar 10, 2008 5:11pm
Quoting karmostaji
Close the account, find a different broker which allows you (Oanda, IBFX)

I'm just trying to help because your hard earned money will evaporate sooner than you think and it will hurt you emotionally, but if you insist then you'll have an experience you'll never forget.
I agree .....its all against u...and if u get a margin call that will hurt even more
  • #57,699
  • Mar 10, 2008 5:12pm Mar 10, 2008 5:12pm
on the grounds someone is selling, someone either knows the RICS will be bad, or just assumes it'll be bad, I expect it'll be bad aswell.


Looking to exit my long, will less loss if possible doh!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57,700
  • Mar 10, 2008 5:13pm Mar 10, 2008 5:13pm
Daily bearish pattern playing out already? It looks like it and if so then GU is going to tank badly.
Trade what you see, not what you think.
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