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Cable Update (GBPUSD)

  • #59,361
  • Mar 25, 2008 9:56am Mar 25, 2008 9:56am
Quoting zones
My friend if you think you are wrong then get out of the trade and wait for another opportunity. If you stay in a trade where you know you are wrong but are hoping for the market to turn then you will possibly make a small loss into a big one. Also the emotional capital that one loses in these types of trades is immense. Good luck but act according to your plan.

im sure we are sinking now ...but if i get a slight doubt now i will cancel trade
  • #59,362
  • Mar 25, 2008 10:03am Mar 25, 2008 10:03am
Quoting nAVIN2007
im sure we are sinking now ...but if i get a slight doubt now i will cancel trade
when cale pass 1.9998 ... it will rock up to 2.0033
  • #59,363
  • Mar 25, 2008 10:03am Mar 25, 2008 10:03am
Quoting fdowtf
Where's your SL? Didn't you mention about level 1.9944? You must have a real good analysis to keep you holding the position, you know...The fundamental releases aren't signaling support for $...
Anyway, fundamental is not the only aspect we should look for in trading FOREX, please share your technical point of view to hold the short...^^
my stop loss is 2.0012
the reason why i am short is because the weekly chart suggest start of a downtrend movement (i think) and im still in the postion because we are at the top of my channel ...either it breakouts or goes down..
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  • #59,364
  • Edited 10:23am Mar 25, 2008 10:12am | Edited 10:23am
also daily ....
north are a confluence of fib also ..it break north what the hall i tried my best ....but i totally sold at the wrong place
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  • #59,365
  • Mar 25, 2008 10:20am Mar 25, 2008 10:20am
OMG, all of you absolutely crack me up. Why don't you simply wait for the market to tell you where its going instead of guessing? The market leaves footprints you know, in the form of candles and S/R breaks. For instance, right now if you go short, you might be right. But why the hell not wait until the market leaves a footprint and TELLS you to go short???? There is NOTHING indicating a short is a good idea right now. I'm not saying go long. I'm stepping aside and waiting for more info.

Jesus, all this speculation makes my blood boil sometimes. Sorry to butt in. Happy Trading All. :-)
There's always money in the banana stand.
  • #59,366
  • Mar 25, 2008 10:27am Mar 25, 2008 10:27am
really in the morning i short when cable wasnt pass wekly pivot from 1.9930 it it fall to 1.9899 ... then i put my SL +5 .. then it hit ... then i long before CAD News @ 1.9915 and i wait my today target 2.0033
  • #59,367
  • Mar 25, 2008 10:32am Mar 25, 2008 10:32am
Man... I'd suggest you to take some time to get used to your trading signal and plan instead of just money management. More indicators can be put to the chart and thus making you the chart wizard...

You will find better view if you combine your technical aspect with fundamental news releases which I call it "The Trigger". The chart will show you all, and for the trigger, when to enter/exit, look for fundamental news releases, they are sure very helpful...^^

Quoting nAVIN2007
also daily ....
north are a confluence of fib also ..it break north what the hall i tried my best ....but i totally sold at the wrong place
  • #59,368
  • Mar 25, 2008 10:32am Mar 25, 2008 10:32am
Quoting deboooo2005
really in the morning i short when cable wasnt pass wekly pivot from 1.9930 it it fall to 1.9899 ... then i put my SL +5 .. then it hit ... then i long before CAD News @ 1.9915 and i wait my today target 2.0033

im trying something new ...my target is a weekly target as tomorrow and remainder of week i cant trade ...good thing, stop me from losing more cash...lol
if my lines are respected i should hit the target maybe ..assuming up is a no no !
  • #59,369
  • Mar 25, 2008 10:40am Mar 25, 2008 10:40am
Quoting fdowtf
Man... I'd suggest you to take some time to get used to your trading signal and plan instead of just money management. More indicators can be put to the chart and thus making you the chart wizard...

You will find better view if you combine your technical aspect with fundamental news releases which I call it "The Trigger". The chart will show you all, and for the trigger, when to enter/exit, look for fundamental news releases, they are sure very helpful...^^
yeah i know man ...im just thinking longer term....if cable goes up any more it will invalidate the evening star formation and going down wont happen..the rest of the weak i think likely to be bearish ..we shall see, it all learning and putting the peices together..at least trying to ..
  • #59,370
  • Mar 25, 2008 11:09am Mar 25, 2008 11:09am
shorting at 2.0050's range between 30 pips from there, all the way too 1.9900 and below.. any suggestions?
And your mouth dropped
  • #59,371
  • Mar 25, 2008 11:15am Mar 25, 2008 11:15am
a simple chart. possible resistance at 1.9985 area, along with the trend line at the same place.
if we see a break here... guess what?
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Nihil Sine Deo.
  • #59,372
  • Mar 25, 2008 11:17am Mar 25, 2008 11:17am
Guys,

After capable for breaking the pennant earlier yesterday, cable is breaking another support and i guess pound is just strengthening... bdw, take a look on weekly chart and its still shown bearish but it was a clean cut again in TF4H..

comment!

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  • #59,373
  • Mar 25, 2008 11:19am Mar 25, 2008 11:19am
Quoting Scrat
a simple chart. possible resistance at 1.9985 area, along with the trend line at the same place.
if we see a break here... guess what?
Good taught scrat.. im holding long position from 1.9850
  • #59,374
  • Mar 25, 2008 11:24am Mar 25, 2008 11:24am
Who knows what is going on, Im hedged in at the moment. Which is something I dont usually do but I just cant stand by and watch my account lose money...........
  • #59,375
  • Mar 25, 2008 11:25am Mar 25, 2008 11:25am
gbpusd has made a strong upside break now through that previous 9973-9721 congestion from late february, hitting some resistance in the 9990-2.0012 area that includes a descending rees t/line as werll as 3 x fibs

50% 0273-9725, 61.8% 0155-9724 and 38.2% of 0397-9725.

Chart shows the trend line and the red and green horizontal lines are prev 1hr swing highs and lows ie potential Supp/res
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ex member
  • #59,376
  • Mar 25, 2008 11:27am Mar 25, 2008 11:27am
I see that Abuawad's 1st two "up" targets have been reached.

Congrats again Abuawad.

Seems like you have invented the wheel for us here, but many are attempting to reinvent it, so to speak, by going off in other directions.

In any event, i'm sticking with this methodology until it proves it can't produce consistent profits.
"I know how hard it is for you to put food on your family." George W. Bush
  • #59,377
  • Mar 25, 2008 11:28am Mar 25, 2008 11:28am
Quoting AmeriTrini
Who knows what is going on, Im hedged in at the moment. Which is something I dont usually do but I just cant stand by and watch my account lose money...........
Bro,

stay away from market if you are confusing... theres always trow.. sometimes it was a big day bad for us..
  • #59,378
  • Mar 25, 2008 11:30am Mar 25, 2008 11:30am
looking at the 1hr from a trending point of view the high (H) and the Higher low (HL) followed by the higher high (HH) meands that 1hr is in an uptrend and the higher high is above the last low (L) of the previous downtrend
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ex member
  • #59,379
  • Mar 25, 2008 11:30am Mar 25, 2008 11:30am
why short now ?
I will admit the bus must be getting full now ,lol
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #59,380
  • Mar 25, 2008 11:39am Mar 25, 2008 11:39am
I'm Long @ 1.9973, TP @ 2.0169 (50 fibo weekly TF)
Quoting Bones
why short now ?
I will admit the bus must be getting full now ,lol
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