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Cable Update (GBPUSD)

  • #58,501
  • Mar 17, 2008 5:09am Mar 17, 2008 5:09am
Quoting salah k.
exactly my friend
i know u are much more experienced than me so i want to ask you:

if cable is being dumped all across the board does it still have a chance to be back in bullish mode against usd even if USD is in pretty bad shape.

I mean it cant get any worse however UK has a lot room to get much worse.

thnx in advance.
yes it does and i do look for it to get back bullish but me i wont take no chances till i see a clear sign, also this is when cycle trading comes into play because sooner are later u.k/cable will be in the same boat as u.s. but not as worst.
If I Go Broke Trying Then I Will die happy.
  • #58,502
  • Mar 17, 2008 5:10am Mar 17, 2008 5:10am
Lost $600 on the GBPCHF today, but made just about the whole lot back later - crazy days!
  • #58,503
  • Mar 17, 2008 5:15am Mar 17, 2008 5:15am
Quoting dodge
Lost $600 on the GBPCHF today, but made just about the whole lot back later - crazy days!
i guess you can say you dodge a bullet.
If I Go Broke Trying Then I Will die happy.
  • #58,504
  • Mar 17, 2008 5:17am Mar 17, 2008 5:17am
who suspend abuzant and for what reason?
If I Go Broke Trying Then I Will die happy.
  • #58,505
  • Mar 17, 2008 5:17am Mar 17, 2008 5:17am
Quoting Moe
yes it does and i do look for it to get back bullish but me i wont take no chances till i see a clear sign, also this is when cycle trading comes into play because sooner are later u.k/cable will be in the same boat as u.s. but not as worst.

I went live already buddy .....
  • #58,506
  • Mar 17, 2008 5:19am Mar 17, 2008 5:19am
Quoting nAVIN2007
I went live already buddy .....
how does it feel? is this your first account?
If I Go Broke Trying Then I Will die happy.
  • #58,507
  • Mar 17, 2008 5:30am Mar 17, 2008 5:30am
Quoting Moe
how does it feel? is this your first account?
to be honest..i dont know buddy ...I just know one thing i cant place a trade unless everything is right ..
and must keep lot size small ..and think risk : reward everytime
its scary to think i can actually blow 3K ....
  • #58,508
  • Mar 17, 2008 5:33am Mar 17, 2008 5:33am
Thats why I was trying to keep your account size, to £500 if your keeping your lots small it's all you need, limits your getting carried away, then add money later if it's a issue.

The old under capatilized for newbies is a huge trap, basically it's if your going to lose all of your money do it in 1 shot and make it big that way you can't make it back, funds only profit from our losses they have not got your interest at heart.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,509
  • Mar 17, 2008 5:35am Mar 17, 2008 5:35am
Quoting Abuawad
17-3-2008
From 2.0200 to 2.0088 112 pip
  • #58,510
  • Mar 17, 2008 5:38am Mar 17, 2008 5:38am
Quoting Turveyd
Thats why I was trying to keep your account size, to £500 if your keeping your lots small it's all you need, limits your getting carried away, then add money later if it's a issue.

The old under capatilized for newbies is a huge trap, basically it's if your going to lose all of your money do it in 1 shot and make it big that way you can't make it back, funds only profit from our losses they have not got your interest at heart.
I wont blow my account i pray and i wont enter any position which is stupid..i shall look for strong support and resistance look at the candle formations around this areas and see if they live to there name......then look at risk : reward...it might take 3 days to make my first trade...i dont want to lose my money..
  • #58,511
  • Mar 17, 2008 5:41am Mar 17, 2008 5:41am
Quoting Abuawad
From 2.0200 to 2.0088 112 pip
how long did it take u b4 u started making money consistantly ..did u blow a lot of account ....or did u hit the ground running?
  • #58,512
  • Mar 17, 2008 5:47am Mar 17, 2008 5:47am
i blew at least 10 account, each was funded with a $1,000 but i blew more then that because each account grew, i will never blow another account because im smarter and wiser plus i can fund 1,000 more account if i had to, thank god for forex.
If I Go Broke Trying Then I Will die happy.
  • #58,513
  • Mar 17, 2008 6:05am Mar 17, 2008 6:05am
Quoting Moe
i blew at least 10 account, each was funded with a $1,000 but i blew more then that because each account grew, i will never blow another account because im smarter and wiser plus i can fund 1,000 more account if i had to, thank god for forex.
whats the most important advise u can give me bro .....
  • #58,514
  • Mar 17, 2008 6:05am Mar 17, 2008 6:05am
hey guys can we check out the trust in UK through these
usd/jpy==237 pip loss
gbp/jpy==729 pip loss

usd/chf==314 pip loss
gbp/chf==752 pip loss

usd/cad==96 pip loss
gbp/cad==290 pip loss

of course i mean between high and low but here remarkably high was open in most cases.

i am trying to show you that trust in gbp is weakening a lot. and i think the last bullish hit will be triggered by US FED cut tomorrow and by wednesday we will be back in bearish mode.

any comments are much appreciated.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,515
  • Mar 17, 2008 6:18am Mar 17, 2008 6:18am
Quoting salah k.
hey guys can we check out the trust in UK through these
usd/jpy==237 pip loss
gbp/jpy==729 pip loss

usd/chf==314 pip loss
gbp/chf==752 pip loss

usd/cad==96 pip loss
gbp/cad==290 pip loss

of course i mean between high and low but here remarkably high was open in most cases.

i am trying to show you that trust in gbp is weakening a lot. and i think the last bullish hit will be triggered by US FED cut tomorrow and by wednesday we will be back in bearish mode.

any comments are much appreciated.
Hello Guys and good evening! hmm so what do we have here, some great long entries, i'll be looking to place mine just after the bounce occurs, for now Gu seems to go down to report to the 50% fib level.

Salah you could be right but i would still favour a bullish move atleast in the short term, what you're referrign to is bound to happen but not right now.
I believe . . .
  • #58,516
  • Mar 17, 2008 6:23am Mar 17, 2008 6:23am
http://i81.photobucket.com/albums/j209/ghous/lsk-2.gif
I believe . . .
  • #58,517
  • Mar 17, 2008 6:31am Mar 17, 2008 6:31am
Quoting ghous
Hello Guys and good evening! hmm so what do we have here, some great long entries, i'll be looking to place mine just after the bounce occurs, for now Gu seems to go down to report to the 50% fib level.

Salah you could be right but i would still favour a bullish move atleast in the short term, what you're referrign to is bound to happen but not right now.
you are perfectly right i think on wednesday we will c a big selloff.
tomorrow might the FED might cause cable to be bullish a bit.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,518
  • Mar 17, 2008 6:46am Mar 17, 2008 6:46am
Hi all

Could we consider 1.9990 ... today bottom ... first weekly support
  • #58,519
  • Mar 17, 2008 6:51am Mar 17, 2008 6:51am
ofcaorse we can infact i see the previous 1H candle almost kissing this level, dunno that it was also a weekly support level but on my charts it's the 61.8 fib level to which the price has been shopwing respect.
I believe . . .
  • #58,520
  • Mar 17, 2008 6:51am Mar 17, 2008 6:51am
1.9990 is the support for weekly. Good support.

I think that's confirmation for a back up later maybe from now on.
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