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Cable Update (GBPUSD)

  • #58,341
  • Mar 14, 2008 10:37am Mar 14, 2008 10:37am
man i hope she continues at this angle.. down
And your mouth dropped
  • #58,342
  • Mar 14, 2008 10:43am Mar 14, 2008 10:43am
Quoting makey2u
man i hope she continues at this angle.. down
I was thinking the same thing ...i think she going to break her water if it dont go down now it never will...
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  • #58,343
  • Edited 11:10am Mar 14, 2008 10:50am | Edited 11:10am
Quoting fxpredator
Hello Abuawad

i have short at 2.0238 and long at 2.317 (-79pip hedged loss)

can you give me advice what to do

best regards
FXP
I have a same experienced with you yesterday. Waiting for till one of them got profits and wait what the trend in the longterm is prevailed. If in the long term is predicted up. Hold your open long, and close your short when sharp up what any pips you got. Then open again short in good position. Short close, short close, short close. Till your long got profit or at least BEP. Used M15 chart to open a good position. Maybe you can solve the problem.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #58,344
  • Mar 14, 2008 10:52am Mar 14, 2008 10:52am
Quoting nAVIN2007
I was thinking the same thing ...i think she going to break her water
i somehow don't wnat to agree with that... the 72 ema is providing good support to the pair, i highly dought a bearish breakout here...we'll have to wait a few days to see what happens...
I believe . . .
  • #58,345
  • Mar 14, 2008 10:53am Mar 14, 2008 10:53am
Quoting fxpredator
Hello Abuawad

i have short at 2.0238 and long at 2.317 (-79pip hedged loss)

can you give me advice what to do

best regards
FXP
My advice is don’t use the hedged unless your account can handle it.
For the long at 2.0317 “if I was on your place I’ll keep it to the next week if my account can handle it to 2.0395 and 2.0456 then 2.0525” during the next week.
For the short at 2.0238 behind the 38.2 fibo level at 2.0239, the trend now in small correction way, so also if I was in your place I’ll close it at the same entry point or the fibo level. Or wait till hitting the low we retch it today at 2.0222 which its maybe hard to retch it for today.
  • #58,346
  • Mar 14, 2008 10:59am Mar 14, 2008 10:59am
Quoting manize
I have a same experienced with you yesterday. Waiting for what the trend prevail. If in the long term is predicted up. Hold your open long, and close your short when sharp up what any pips you got. Then open again short in good position. Short close, short close, short close. Till your long got profit or at least BEP. Used M15 chart to open a good position. Maybe you can solve the problem.
Here is the 15 chart haw can you decide the good position entry on it, it’s very dangerous chart to entry on it.
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  • #58,347
  • Mar 14, 2008 10:59am Mar 14, 2008 10:59am
Quoting ghous
i somehow don't wnat to agree with that... the 72 ema is providing good support to the pair, i highly dought a bearish breakout here...we'll have to wait a few days to see what happens...
72ema is the white moving average..
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  • #58,348
  • Mar 14, 2008 11:15am Mar 14, 2008 11:15am
Quoting makey2u
man i hope she continues at this angle.. down

hey dude were have u been?
anyway if it doesnt brake 2.0170 (weekly pivot in my opinion) we will c people buying at the dips.

because they all have in mind one thing
FED WILL CUT RATES NEXT WEEK

dont 4get this guys
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,349
  • Mar 14, 2008 11:16am Mar 14, 2008 11:16am
Quoting WTB
You reckon EURUSD looks good for a short? Really? hmmm...
Hey man can you post a cable chart we need guys like you,I really like that
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,350
  • Mar 14, 2008 11:17am Mar 14, 2008 11:17am
Navin use 1H TF, 72 ema seems like supporting though.
  • #58,351
  • Edited 11:41am Mar 14, 2008 11:20am | Edited 11:41am
Quoting Abuawad
My advice is don’t use the hedged unless your account can handle it.
For the long at 2.0317 “if I was on your place I’ll keep it to the next week if my account can handle it to 2.0395 and 2.0456 then 2.0525” during the next week.
For the short at 2.0238 behind the 38.2 fibo level at 2.0239, the trend now in small correction way, so also if I was in your place I’ll close it at the same entry point or the fibo level. Or wait till hitting the low we retch it today at 2.0222 which its maybe hard to retch it for today.
Thank you, Abuawad

my positions are with 6% from my equty (for the hedge i dont pay margin), so if i close the short, or half of it, i can handle many pips

and where do you thing is good entry for another long or short, just to double the profitable position? and then to close with CLOSE BY ,after reaching good profit?

best regards
fxp
  • #58,352
  • Mar 14, 2008 11:21am Mar 14, 2008 11:21am
weird how cable follows euro/usd slavishly sometimes - step by step - then other times there is a total disconnect - like now where the euro is chugging upwards steadily

any thoughts on why this occurs differently on different days and how to predict it ?
  • #58,353
  • Mar 14, 2008 11:23am Mar 14, 2008 11:23am
Hey gentlemen,
Say hi to the future Forex Master , with this tricky smile:
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  • #58,354
  • Mar 14, 2008 11:25am Mar 14, 2008 11:25am
Quoting FxPhreak
Navin use 1H TF, 72 ema seems like supporting though.
I never used 72 but 62 ema is fantastic for a guide ...try it..which one is correct? ..god only knows...maybe use both as cable price is under both right now anyways

LOL .....she might fall hard ...no resistance down , plenty up!!

u see it there....I must be improving!!!!
  • #58,355
  • Mar 14, 2008 11:28am Mar 14, 2008 11:28am
Quoting Abuawad
Hey gentlemen,
Say hi to the future Forex Master , with this tricky smile:


Cute kid, is he your baby?
  • #58,356
  • Mar 14, 2008 11:29am Mar 14, 2008 11:29am
Quoting allserene
weird how cable follows euro/usd slavishly sometimes - step by step - then other times there is a total disconnect - like now where the euro is chugging upwards steadily

any thoughts on why this occurs differently on different days and how to predict it ?
im guessin euro is a more secure buy than cable
maybe
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,357
  • Mar 14, 2008 11:30am Mar 14, 2008 11:30am
Quoting FxPhreak
Cute kid, is he your baby?
Yes
  • #58,358
  • Mar 14, 2008 11:30am Mar 14, 2008 11:30am
Navin nothing is sure in Forex. place any number with EMA it would have worked in some way or other I guess.
innit?

But still gotta live to trade another day
  • #58,359
  • Mar 14, 2008 11:32am Mar 14, 2008 11:32am
Quoting fxpredator
Thank you
I hope your short is ok now
  • #58,360
  • Mar 14, 2008 11:34am Mar 14, 2008 11:34am
Quoting FxPhreak
Cute kid, is he your baby?
are you sure you are clever enough to be doing this ?
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