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Cable Update (GBPUSD)

  • #58,201
  • Mar 13, 2008 4:06pm Mar 13, 2008 4:06pm
im confused about where this cable is ..are we in a retracement or in natural trend..
  • #58,202
  • Mar 13, 2008 4:09pm Mar 13, 2008 4:09pm
Quoting salah k.
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
welldone for not entering..im just happy to try and predict the direction..target 2.0352...
  • #58,203
  • Mar 13, 2008 4:10pm Mar 13, 2008 4:10pm
Quoting nAVIN2007
im confused about where this cable is ..are we in a retracement or in natural trend..
if we pass 365 area(high of last bullish 4h candle) then we are back bullish.

if we close under it i believe we are still in correction mode.
plus u dont wanna forget euro ( it will correct during asian session i think)
so it might take cable with it.
anyway too many factors
my head is killing me
back to finishing my assignment.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,204
  • Mar 13, 2008 4:10pm Mar 13, 2008 4:10pm
Choppy range bound market turned to trend, its the down side to my system and costs me dear frequently.


Got to love my GU 2.0335 top call though

LYY, UJ dipped below my line but it's sitting perfectly on it at the moment.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,205
  • Mar 13, 2008 4:11pm Mar 13, 2008 4:11pm
Nav Im going to help you out as to what I see is happening give me a min buddy
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,206
  • Mar 13, 2008 4:14pm Mar 13, 2008 4:14pm
im just going to have a cup of coffee and then do it I have had a hard day,but I think your like this
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,207
  • Mar 13, 2008 4:15pm Mar 13, 2008 4:15pm
Agree Salah, back to 1.5590 on the EU over the next 2-3hours is expected.


Or yesterdays profit was easily given back.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,208
  • Mar 13, 2008 4:17pm Mar 13, 2008 4:17pm
Quoting Bones
Nav Im going to help you out as to what I see is happening give me a min buddy
thx man ...cause im confused to be honest..i think we have bounced of a fib 23.6 on hr chart, 4hr chart confirms the bounce by bullish candle possible back upto 2.0387 ...
  • #58,209
  • Mar 13, 2008 4:20pm Mar 13, 2008 4:20pm
Nav, can you plot your enterys and exits on a chart, or give us a list of times / prices for both pls, so I can better understand your error myself.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,210
  • Mar 13, 2008 4:25pm Mar 13, 2008 4:25pm
Quoting Turveyd
Nav, can you plot your enterys and exits on a chart, or give us a list of times / prices for both pls, so I can better understand your error myself.
I have to say they are really bad ....and i definately over trading at the moment ..but i learn so much from it..it make me pay attention to the chart, thats why im doing it..
the last trade i canceled myself cause i realise we are moving up..
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  • #58,211
  • Mar 13, 2008 4:35pm Mar 13, 2008 4:35pm
Will have a proper look later, but you've got your head turned upside down, your trading based on continuation of the trend which has been working well upto today, but we've got a random market so it's failing today.


In your defence, the first big loser you had no way not to know it wasn't going to power up over the day again, after all all we can do is trade off how it's been working upto currently and hope that continues which more often than not it will do, thankfully.

Long at the top, short at the near perfect bottom been there done that
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,212
  • Mar 13, 2008 4:37pm Mar 13, 2008 4:37pm
When you start next week, I suggest 0.1 lots only, 0.2 TOPS, the bigger the Lots the bigger the emotion, got to stick to it seeing on that, your taking a loss on 0.3 or small profit then getting gambly with 1.0 lot and they are failing because of greed / emotion.


* yes I get the irony of me, ripping my slowly built up account back to square 1 currently LOL *
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,213
  • Mar 13, 2008 4:37pm Mar 13, 2008 4:37pm
Quoting Turveyd
Will have a proper look later, but you've got your head turned upside down, your trading based on continuation of the trend which has been working well upto today, but we've got a random market so it's failing today.


In your defence, the first big loser you had no way not to know it wasn't going to power up over the day again, after all all we can do is trade off how it's been working upto currently and hope that continues which more often than not it will do, thankfully.

Long at the top, short at the near perfect bottom been there done that
and the other bit
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  • #58,214
  • Mar 13, 2008 4:44pm Mar 13, 2008 4:44pm
Quoting Turveyd
When you start next week, I suggest 0.1 lots only, 0.2 TOPS, the bigger the Lots the bigger the emotion, got to stick to it seeing on that, your taking a loss on 0.3 or small profit then getting gambly with 1.0 lot and they are failing because of greed / emotion.


* yes I get the irony of me, ripping my slowly built up account back to square 1 currently LOL *
I will man definately stick to mm ...at the moment i havent done so..im just try to guess the direction and feel the market and also experimenting with day trading...my scalping days were great....90% success but i cant cause i wont be by the pc..which is why im trying my best to get large pips..
Its the loses which finish me off but i risky way to much and when mm rules kick in hopefully the losses will be small but then again so will the wins.....lol (still better to keep equity than lose it)
  • #58,215
  • Mar 13, 2008 4:45pm Mar 13, 2008 4:45pm
man you just need to get away from this forum and build you a trading system, you won't get the answer here, trust me.
If I Go Broke Trying Then I Will die happy.
  • #58,216
  • Mar 13, 2008 4:47pm Mar 13, 2008 4:47pm
Quoting Turveyd
Will have a proper look later, but you've got your head turned upside down, your trading based on continuation of the trend which has been working well upto today, but we've got a random market so it's failing today.


In your defence, the first big loser you had no way not to know it wasn't going to power up over the day again, after all all we can do is trade off how it's been working upto currently and hope that continues which more often than not it will do, thankfully.

Long at the top, short at the near perfect bottom been there done that
Im sorry but that is incorrect
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,217
  • Mar 13, 2008 4:48pm Mar 13, 2008 4:48pm
Another lesson, he who can prevail and hold long enough, eventually will get the sell off required

Order is in for 19tp to cancel out the previous trade, easy
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,218
  • Mar 13, 2008 4:48pm Mar 13, 2008 4:48pm
free end of day trade calls for the month of march, at 5pm edt i will give a trade signal thru instant messenger, this is a set and forget trade call, let me know if any are intrested.
If I Go Broke Trying Then I Will die happy.
  • #58,219
  • Mar 13, 2008 4:51pm Mar 13, 2008 4:51pm
Quoting Turveyd
When you start next week, I suggest 0.1 lots only, 0.2 TOPS, the bigger the Lots the bigger the emotion, got to stick to it seeing on that, your taking a loss on 0.3 or small profit then getting gambly with 1.0 lot and they are failing because of greed / emotion.


* yes I get the irony of me, ripping my slowly built up account back to square 1 currently LOL *
damn good analysis my friend im impressed ...and hit the nail on the head
  • #58,220
  • Mar 13, 2008 4:51pm Mar 13, 2008 4:51pm
Quoting Moe
man you just need to get away from this forum and build you a trading system, you won't get the answer here, trust me.
Yes open your horizons good advise
On-site guru & also FF member's' psychiatrist, when not drinking tea
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