Cable Update (GBPUSD)

Arrghhh a watched market never moves, exited my charts to save the new settings, sent Nav a PM and switch it back on and dratttsss


May not be making $$$'s but I'm learning, which is key at this point.

Happy to just be learning, yesterday was just standing still really!!

cable uuuuuuuuuuuuuuuuupppppppppppppppp

is there any site that allows us to watch bernanke live

Eye4 what price did you get in at ??

Below the Nav line so Bearish is still the key lads don't get greedy, that includes you Eye4.

http://jec.senate.gov/Hearings/04.02...20Outlook.html

here u go mate click this link need realplayer to watch live

if it will hit 1.9835 i'm out..

could it hit ?? what do u say?

thnx mate
its great and clear

eye4spot: this may help your trade,...but then again forecasts look a bit $ bullish...Lol G/l

-1.3% actual -vs- +0.6% forecast

Eye4, looks like you just saw it, that still a loss or BE ??

Navin line be a strong 1, Short near has 80% in back test chance of success +++. ( need to go back further and do a real back test study though )

p.s. I'm aware of the concept of if you have 100's of lines some will hit, I have 6 lines and a range and a short term momentum indicator.

i saw it.. and hit it.. i'm out..

that was a lesson..


my plan was to enter on the short term trend that has formed (buy) and i wanted to enter after the ADP Nonfarm Employment Change on a corection but i enter to earlier.

As the older says better u wish to be IN a trade than OUT.

emotionaly

no worries, keep eye on republician Ron Paul question Bernanke and hear his(BB) voice quiver!!

Eye4, out with profit or loss ?? either way better off due to holding

Too many things going on in my brain to focus sadly!! I shoulda shorted your 35 but wuss mode is in.

breakeven.

it's enough.:

Infinitely better than -500, saved by the Nav Line

Abuawad.. how did you determine the 9853 target 2?

What time frame chart and line was used?

Thanks.

check your 4hr chart!! clear to see

Good to hear you broke even, market often gives a chance to get out from loosing positions with smaller losses or even to breakeven, but one has to be commited and act fast once one has changed the opinion regarding the validity for establishing the position in the first place. I am flat atm, although I am still of the opinion that the overall direction for cable is down. For better or worse I make a distinction between direction, and shorter timeframe trend.
Happy trading,
2be

Thanks.. for some reason i have a fib rt of 23.6 almost directly on that number so I must have thought price congestion was close enough to it as to not merit a separate line.

I haven't gotten the hang of this quite yet in the proper configuration process.

Nav's 62 hour sma has been respected 4 - 5 times dependings on how small a time frame you want to count it, doesn't mean to say it won't be taken out this time, but 4 respects 1 ignore damn nice line if so.