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Cable Update (GBPUSD)

  • #58,181
  • Mar 13, 2008 3:10pm Mar 13, 2008 3:10pm
yeap, im in short on EU @ 1.5610
Long on UJ since 100.070..

I'm gonna perma hold UJ for the roll overs.. =p
IMO I just simply believe 100 is a really strong resistance level for UJ, since there're many carry traders around, a low USD against Yen is the best opportunity for the carry traders..

Anyone with any other opinions? Anyway I'm using a 4Hr MACD strategy..
  • #58,182
  • Mar 13, 2008 3:11pm Mar 13, 2008 3:11pm
I had it today ...i need to sort out my charts...any1 here using metatrader and save template with the lines and transfer template to different time frames..
  • #58,183
  • Mar 13, 2008 3:12pm Mar 13, 2008 3:12pm
Yeah, not a good starter should bailed and jumping on UJ short but I will be victorious. Or stopped out for a small loss, first loss in 8 if you disclude the trade I went Long on instead of short so bailed immediately.


But I hear no fat lady singing
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,184
  • Mar 13, 2008 3:17pm Mar 13, 2008 3:17pm
LYY 08 here on EU it's relatively weak but hmmm damn

I'll be looking for UJ support on the 100.00 aswell for a bounce.

GU's likely got legs to reach 335 pulling.



EU stopped -19 arrghhhh!!!!

BACK in EU think I got punk stopped LOL Either way much better trade here
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,185
  • Mar 13, 2008 3:26pm Mar 13, 2008 3:26pm
Navin How many trades ?? how many pips down approx ???

GU even in retrospect looks hard to call today, EU on the other hand go Long near the 1day SMA ( average value of the day ) ( 2 white lines on my chart 15M ) Worked a few times, a setup I'd of been trying to play!!!
Attached Image
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,186
  • Mar 13, 2008 3:33pm Mar 13, 2008 3:33pm
Quoting Turveyd
Navin How many trades ?? how many pips down approx ???

GU even in retrospect looks hard to call today, EU on the other hand go Long near the 1day SMA ( average value of the day ) ( 2 white lines on my chart 15M ) Worked a few times, a setup I'd of been trying to play!!!
dude i did it again ...i blew my profit from yesterday again
about 90 pips down
but i wasnt really here today just experimenting and stuff messing with 5 minute chart..I think today is a joke..cause the candle formation mean jack swat!!!...the market is only open to swallow cash...thank god i didnt go live today, i nearly did.
analysis based on 4hr chart and the formation of candle mean nothing.
I been looking at the screen so much i got nausea .....
  • #58,187
  • Mar 13, 2008 3:37pm Mar 13, 2008 3:37pm
euro new highs
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,188
  • Mar 13, 2008 3:38pm Mar 13, 2008 3:38pm
Quoting Turveyd
LYY 08 here on EU it's relatively weak but hmmm damn

I'll be looking for UJ support on the 100.00 aswell for a bounce.

GU's likely got legs to reach 335 pulling.



EU stopped -19 arrghhhh!!!!

BACK in EU think I got punk stopped LOL Either way much better trade here
you're trading with ur emotions man.. chill out, wait out.. i myself aint sure the actual direction of EU's movement, no idea the upside's due to 5pm coming up.. interest period.. i'll be monitoring for a while, eyes are getting tired.. will update u if i see a negative sign and exit.. eu's bullish.. but it has to end someday.. anything can happen, best of luck.. i just hope my uj dun fall back to 100.. lol.. my 100+ pips would be gone.. *Sad*
  • #58,189
  • Mar 13, 2008 3:39pm Mar 13, 2008 3:39pm
Quoting salah k.
euro new highs
i bet a lot of folk wondering "how long is a piece of string"
  • #58,190
  • Mar 13, 2008 3:41pm Mar 13, 2008 3:41pm
Quoting lyy.sg
you're trading with ur emotions man.. chill out, wait out.. i myself aint sure the actual direction of EU's movement, no idea the upside's due to 5pm coming up.. interest period.. i'll be monitoring for a while, eyes are getting tired.. will update u if i see a negative sign and exit.. eu's bullish.. but it has to end someday.. anything can happen, best of luck.. i just hope my uj dun fall back to 100.. lol.. my 100+ pips would be gone.. *Sad*
dont trade if your eyes are tirred...its better to sit it out and wait than lose..
  • #58,191
  • Mar 13, 2008 3:44pm Mar 13, 2008 3:44pm
LYY should not be trading, long meeting all day SHATTERED to be honest.

My GU target / resistance area worked out.

No stop on EU at all, when it popped to a new high just, doh!! but still holding!!

My brain tells me to BAIL and be happy I'm still tradeable, but I'm still holding, and hoping to get lucky and catch a sell off!!

Navin, down days happen, if you can say you traded well regardless of profit, that sometimes is the best you can do, did you ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,192
  • Mar 13, 2008 3:45pm Mar 13, 2008 3:45pm
Quoting nAVIN2007
dont trade if your eyes are tirred...its better to sit it out and wait than lose..
yea man, think i might just set a reasonable stop loss and go to bed.. ~_~.. wondering if i should put in another lot to average down my loss.. but hey, no idea where eu is heading.. maybe i'll just take my losses and sleep..
  • #58,193
  • Mar 13, 2008 3:47pm Mar 13, 2008 3:47pm
Quoting Turveyd
LYY should not be trading, long meeting all day SHATTERED to be honest.

My GU target / resistance area worked out.

No stop on EU at all, when it popped to a new high just, doh!! but still holding!!

My brain tells me to BAIL and be happy I'm still tradeable, but I'm still holding, and hoping to get lucky and catch a sell off!!

Navin, down days happen, if you can say you traded well regardless of profit, that sometimes is the best you can do, did you ??
no i traded stupid today salah been telling me the whole day "get a grip)...lol .....he is right (best to stay out)...i think i been in front of the screen to much today ..
  • #58,194
  • Mar 13, 2008 3:52pm Mar 13, 2008 3:52pm
Quoting lyy.sg
yea man, think i might just set a reasonable stop loss and go to bed.. ~_~.. wondering if i should put in another lot to average down my loss.. but hey, no idea where eu is heading.. maybe i'll just take my losses and sleep..
cable on the way up now, im just not alert today and if yur not here there really isnt no point getting into trades...best to sleep and save equity
  • #58,195
  • Mar 13, 2008 3:53pm Mar 13, 2008 3:53pm
Navin, ohhh okay fair enough, me to he says holding onto EU as it heads up again, after a near break even exit coulda been had

Tommorow off trading myself ( might not be optional at this rate LOL )


GU 335 resistance holding as expected.

LYY I've got a 100.55 JU 12hour sma line that it's just tested and held over so odds are you'll be fine, GU's using this as resistance currently to.


* sometimes you learn more on down days ( small sollise ) LOL *
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,196
  • Mar 13, 2008 3:54pm Mar 13, 2008 3:54pm
GAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!
  • #58,197
  • Mar 13, 2008 3:55pm Mar 13, 2008 3:55pm
Nav i thought down time, bounced off my 6hour sma line perfect

Hate it when my system works against me LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,198
  • Mar 13, 2008 3:56pm Mar 13, 2008 3:56pm
you seem to have many pips at your disposal.. lol..
  • #58,199
  • Mar 13, 2008 4:01pm Mar 13, 2008 4:01pm
@63pips at this point before I'm margined out, so no.

But business wise had a good day, sending more ££'s soon hopefully, maybe tommorow so consider this my last blow out
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,200
  • Mar 13, 2008 4:02pm Mar 13, 2008 4:02pm
Quoting nAVIN2007
i bet a lot of folk wondering "how long is a piece of string"
yeah well im thinking two more weeks if that
because im sure after the US rate cut we will hear a hawkish statement.
anyway tomorrow's news are very important
lets c wat bernanke will do if CPI comes higher than expected.

good luck bro
i didnt enter the market today
its a shame
no problem tomorrows another day
"what doesn't bankrupt me, makes me stronger" modern nietzche
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