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Cable Update (GBPUSD)

  • #58,021
  • Mar 12, 2008 2:46pm Mar 12, 2008 2:46pm
Quoting karmostaji
bad MM, you will blow up the account sooner than you think.

Just warning you bro
no bro ....i did 3 trades so far
cable ...100 pips in the morning 0.5 lot
EUR .....87 pips 0.5 lot as well
and again cable in afternoon..1 lot but when it broke that major resistance and cash in 0.9 lot of it ..at this fib and now plan to buy on this dip

stop loss within 30 pips of entery...think im improving
  • #58,022
  • Mar 12, 2008 2:48pm Mar 12, 2008 2:48pm
Quoting nAVIN2007
no bro ....i did 3 trades so far
cable ...100 pips in the morning 0.5 lot
EUR .....87 pips 0.5 lot as well
and again cable in afternoon..1 lot but when it broke that major resistance and cash in 0.9 lot of it ..at this fib and now plan to buy on this dip

stop loss within 30 pips of entery...think im improving
and you will double the account? It means you are risking too much.
Trade what you see, not what you think.
  • #58,023
  • Mar 12, 2008 2:50pm Mar 12, 2008 2:50pm
Quoting karmostaji
and you will double the account? It means you are risking too much.
risk reward is 1:4
man i always trade this lot size...but when i trade live im doing 0.2 max..till i know what the hell is going on..
  • #58,024
  • Mar 12, 2008 2:55pm Mar 12, 2008 2:55pm
im thinking a little pull back at 8,that yellow box is strong.
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,025
  • Mar 12, 2008 3:44pm Mar 12, 2008 3:44pm
Quoting Bones
im thinking a little pull back at 8,that yellow box is strong.
u got me thinking with this retracement isnt it strange that on the 5 minute chart..price is sitting on a fib line.....just goes to show u.
Attached Image (click to enlarge)
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  • #58,026
  • Mar 12, 2008 3:54pm Mar 12, 2008 3:54pm
i will close my long at 2.0380, i been long since 2.0076, now im not to sure 2.0495 will hold. good luck and make those pips.
If I Go Broke Trying Then I Will die happy.
  • #58,027
  • Mar 12, 2008 4:07pm Mar 12, 2008 4:07pm
Quoting nAVIN2007
u got me thinking with this retracement isnt it strange that on the 5 minute chart..price is sitting on a fib line.....just goes to show u.
Yes Fibs Rule.
Im thinking a little futher than that Nav say down to to at least the 2.0215 area where we had that resistance on the way up.The thing is we just had a strong move up maybe an couple of hours or so will convince long traders to close out and look for a dip.Or mybe not the other similar candles in the daily did stay full untill close
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,028
  • Mar 12, 2008 4:11pm Mar 12, 2008 4:11pm
Quoting karmostaji
I said don't short it till it reaches the 61.8% and completes the bearish gartley pattern and then it should start collapsing downwards for a new low.
may i ask wats ur 61.8 fibo?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,029
  • Mar 12, 2008 4:12pm Mar 12, 2008 4:12pm
Quoting salah k.
may i ask wats ur 61.8 fibo?
0453
Trade what you see, not what you think.
  • #58,030
  • Mar 12, 2008 4:21pm Mar 12, 2008 4:21pm
Quoting karmostaji
0453
would it be crazy to say that after that we might be heading to 1.90 area?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,031
  • Mar 12, 2008 4:24pm Mar 12, 2008 4:24pm
Quoting Bones
Yes Fibs Rule.
Im thinking a little futher than that Nav say down to to at least the 2.0215 area where we had that resistance on the way up.The thing is we just had a strong move up maybe an couple of hours or so will convince long traders to close out and look for a dip.Or mybe not the other similar candles in the daily did stay full untill close
if we draw fibs from the last 4hr candle (low to high)..retracement to 23.6 @ 2.0256 i hope it doesnt go beyond this cause otherwise it might be strong enough to reverse this move...i think the market is just tirred and relieving itself but still moving up... im targetting 2.0336 as this is where i have my top trendline
Attached Image (click to enlarge)
Click to Enlarge Name: g.JPG Size: 78 KB
  • #58,032
  • Mar 12, 2008 4:26pm Mar 12, 2008 4:26pm
Quoting salah k.
would it be crazy to say that after that we might be heading to 1.90 area?
not crazy but a good tp for me
Trade what you see, not what you think.
  • #58,033
  • Mar 12, 2008 4:29pm Mar 12, 2008 4:29pm
Quoting karmostaji
not crazy but a good tp for me
nshallah for me too cause i started live bro since monday
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,034
  • Mar 12, 2008 4:29pm Mar 12, 2008 4:29pm
Good target for take profit will be 2.0500/50/80 !
  • #58,035
  • Mar 12, 2008 4:37pm Mar 12, 2008 4:37pm
Quoting oktagon
Good target for take profit will be 2.0500/50/80 !
u greedy man u ..
  • #58,036
  • Mar 12, 2008 4:43pm Mar 12, 2008 4:43pm
Quoting 4x_Trader
I'll go for short-term that's why M shorting the cable now @ 2.0199 tp 2.0050 sl 2.0225 risk a little rewards a lot! Let's see how it goes.....
Position short @ 2.0199 stopped @ 2.0225, stand aside. Even though cable is not very friendly to me, M very lucky 'coz I have traded the dollaryen not only saving my trade in cable but also deliver a handsome profit pls follow the link:

http://www.forexfactory.com/showthre...10#post1898610
  • #58,037
  • Mar 12, 2008 4:46pm Mar 12, 2008 4:46pm
Very interesting the way this pair is doing.
Arround 2.0340 could be a small correction 23%, it happened just before this current candle, then.... check my analysis (is a posibility) in the lower chart bellow here.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Harmonic numbers GBP-USD March 12-2008.png Size: 53 KB
Click to Enlarge Name: GBP-USD Daily analysis March 9-2008.png Size: 60 KB
  • #58,038
  • Mar 12, 2008 4:48pm Mar 12, 2008 4:48pm
Quoting nAVIN2007
if we draw fibs from the last 4hr candle (low to high)..retracement to 23.6 @ 2.0256 i hope it doesnt go beyond this cause otherwise it might be strong enough to reverse this move...i think the market is just tirred and relieving itself but still moving up... im targetting 2.0336 as this is where i have my top trendline
Nav this is some of the ways I come up with a possible projected target for tommorrow/Friday.
Remmeber 2.0352 is the minimum I need for the week close and weeks trend to remain in tact (from my week plan)
Around that number is comming up alot.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.gif Size: 38 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,039
  • Mar 12, 2008 5:00pm Mar 12, 2008 5:00pm
Quoting Carrera
Very interesting the way this pair is doing.
Arround 2.0340 could be a small correction 23%, it happened just before this current candle, then.... check my analysis (is a posibility) in the lower chart bellow here.
Even my friend Carrera is talking of 2.0350 area,lol
Yea I noticed that about them candle ranges.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,040
  • Mar 12, 2008 5:07pm Mar 12, 2008 5:07pm
Oh Nav even the top of your trendline is 2.0336 its just to much ,lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
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