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Cable Update (GBPUSD)

  • #60,701
  • Apr 7, 2008 8:06am Apr 7, 2008 8:06am
Looks like she doesn't have enough power to move up. Short 1.9895, SL 1.9917, TP 1.9840.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #60,702
  • Apr 7, 2008 8:46am Apr 7, 2008 8:46am
Hi Mazine: This is Alqaz Syed. You are guru. I closed all my positions at about Mid night Central Zone with 26 pips of profit at 1.9895 even I put a stop loss of 1.9960 and TP at 1.9845, 1.9850 but I was already hesitated to run away my profit so I didn't follow you guys prediction and especially Dorris Halim prediction that it would go down up to 1.9825. I came back to trading platform and I am just observing 1 hour chart from MidNight Central Zone to 5:00 am Central Zone and I am so stupid that I couldn't wait 2 more hours to close my positions at 1.9850 because cable went down at 1.9840 (Buy rate) around 2:00 am central zone.

So Gentlemen it will take a lot of time for me to speed up because I was trading with emotions and not believing what other says so that is why I lost my profit at least $700 because I had 1 lot of Standard and 1 lot of 3 Mini Accounts.

Any way I need a lot of discipline and that is why I have decided to observe the trend every day and market whenever I am confident then I will place a trade with confidence, stop loss and TP level because at least I learned that without stop loss, TP level and a a trend, a trader is just like be a desert of 1500 years ago and asking help from Allah (GOD).

Thank you so much guys: we have a nice trading even on the first day of the week and lots more coming up. I am focusing on BOE decision on Thursday morning but you know what this doesn't look that easy as a person thinks. We have to be very careful and I have some points to discuss with you guys that I will present this in my next post. Thanks,
  • #60,703
  • Apr 7, 2008 8:50am Apr 7, 2008 8:50am
Quoting manize
Looks like she doesn't have enough power to move up. Short 1.9895, SL 1.9917, TP 1.9840.
ok but take care from 1.9860 its rebound area if broke ok ... or it will rebound
  • #60,704
  • Edited 11:30am Apr 7, 2008 8:56am | Edited 11:30am
Quoting asyed4
Hi Mazine: This is Alqaz Syed. You are guru. I closed all my positions at about Mid night Central Zone with 26 pips of profit at 1.9895 even I put a stop loss of 1.9960 and TP at 1.9845, 1.9850 but I was already hesitated to run away my profit so I didn't follow you guys prediction and especially Dorris Halim prediction that it would go down up to 1.9825. I came back to trading platform and I am just observing 1 hour chart from MidNight Central Zone to 5:00 am Central Zone and I am so stupid that I couldn't wait 2 more hours to close my positions at 1.9850 because cable went down at 1.9840 (Buy rate) around 2:00 am central zone.

So Gentlemen it will take a lot of time for me to speed up because I was trading with emotions and not believing what other says so that is why I lost my profit at least $700 because I had 1 lot of Standard and 1 lot of 3 Mini Accounts.

Any way I need a lot of discipline and that is why I have decided to observe the trend every day and market whenever I am confident then I will place a trade with confidence, stop loss and TP level because at least I learned that without stop loss, TP level and a a trend, a trader is just like be a desert of 1500 years ago and asking help from Allah (GOD).

Thank you so much guys: we have a nice trading even on the first day of the week and lots more coming up. I am focusing on BOE decision on Thursday morning but you know what this doesn't look that easy as a person thinks. We have to be very careful and I have some points to discuss with you guys that I will present this in my next post. Thanks,
Don't call me a guru..... I am a student same with you. I just learned seriously method analysis introduced by Master Abuawad from zero aknowledgement about FOREX. So all appreciations should be dedicated to him because he is really the best worthy guru for us .... Also who shares here like Bones , Navin, Deboo etc. really very very worthy guru as well.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #60,705
  • Apr 7, 2008 9:15am Apr 7, 2008 9:15am
Quoting deboooo2005
ok but take care from 1.9860 its rebound area if broke ok ... or it will rebound
Thanks Deboo, I close at 1.9850. So got 94 pips from 2 shorts today. Not so bad for a new student.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #60,706
  • Apr 7, 2008 9:19am Apr 7, 2008 9:19am
Quoting Zuke
Ok..my 9910 SHORt has been filled, SL 9945, TP1 9840
Stop moved to b/e. Will take 50% of size at 9860 and leave the rest to run to 9730 or breakeven
  • #60,707
  • Apr 7, 2008 9:38am Apr 7, 2008 9:38am
Quoting Zuke
Stop moved to b/e. Will take 50% of size at 9860 and leave the rest to run to 9730 or breakeven
I wait till currently 4H candle closed below 1.9850 --> The latest trend Monthly FIBO 31.8%, to make another short.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #60,708
  • Apr 7, 2008 9:41am Apr 7, 2008 9:41am
what is the site you find this useful info on? thanx
  • #60,709
  • Apr 7, 2008 9:42am Apr 7, 2008 9:42am
Quoting bbmac
Average ranges:

Today 107 Hi-Lo (so far) Friday's 141
oops, this is what I was looking for
  • #60,710
  • Apr 7, 2008 9:48am Apr 7, 2008 9:48am
Quoting deboooo2005
Good Day

if cable goes again below 1.9842 and then broke 1.9821 ... we will see 1.9752 to 1.9733
thats what i said from 8 hours ... take care
  • #60,711
  • Apr 7, 2008 11:01am Apr 7, 2008 11:01am
Quoting Zuke
Stop moved to b/e. Will take 50% of size at 9860 and leave the rest to run to 9730 or breakeven
Closed 50% of size at 9850 for +60 pips and will let remainder run to 9730 or b/e
  • #60,712
  • Apr 7, 2008 11:10am Apr 7, 2008 11:10am
Quoting tomaz55
short filled at 9900 30 pip stop
out at 9850 for +50

+155 for the day
  • #60,713
  • Apr 7, 2008 12:34pm Apr 7, 2008 12:34pm
neither north nor south is firmly confirmed. althought, i prefer short. however,,,----dollar???? may be Eur/GBP is safer
  • #60,714
  • Apr 7, 2008 2:09pm Apr 7, 2008 2:09pm
Good Day

any info about FOMC Meeting Minutes
  • #60,715
  • Apr 7, 2008 2:09pm Apr 7, 2008 2:09pm
08-04-2008,
Attached Image
  • #60,716
  • Apr 7, 2008 2:14pm Apr 7, 2008 2:14pm
Quoting Abuawad
08-04-2008,
Abu,
I think the date is wrong?
  • #60,717
  • Apr 7, 2008 2:19pm Apr 7, 2008 2:19pm
Quoting AmeriTrini
Abu,
I think the date is wrong?
No No in MiddleEast they write the day first and the month later so Abu's analysis is actually for April 8th's Asia, London and US Sessions....
  • #60,718
  • Apr 7, 2008 2:22pm Apr 7, 2008 2:22pm
Quoting AmeriTrini
Abu,
I think the date is wrong?
which data Ameria.
you mean the date or the values?
US session is no close and i do it after that session
  • #60,719
  • Apr 7, 2008 2:29pm Apr 7, 2008 2:29pm
i see i didnt miss much .....tony when u said the range might be tight ......u wernt kidding
  • #60,720
  • Apr 7, 2008 2:29pm Apr 7, 2008 2:29pm
Quoting Abuawad
which data Ameria.
you mean the date or the values?
US session is no close and i do it after that session
okay I get it, thanks.
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