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Cable Update (GBPUSD)

  • #61,161
  • Apr 10, 2008 3:47am Apr 10, 2008 3:47am
Hi everyone!

tell me what is best for me to do right now, because i think i am going to loss everything.Yesterday i put sell at 19665.

Please HELP!!!!

P.S. And yes i am new at this
  • #61,162
  • Apr 10, 2008 3:56am Apr 10, 2008 3:56am
Quoting salah k.
there is rate cut today so i dont think its safe to go long plus im sure US trade balance will be a good number so fundamentally we are short.
technically we are on the 23.6 fibo line (from 2.11 to 1.93) hence it could go either way.( fundamentals should trigger the move and I think the will trigger south movement)
Market looks like doubtfull, maybe your're right, tsunami will come . Another 6 minutes, will hold the long or close with small pips.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #61,163
  • Apr 10, 2008 3:57am Apr 10, 2008 3:57am
Quoting mojcaa
Hi everyone!

tell me what is best for me to do right now, because i think i am going to loss everything.Yesterday i put sell at 19665.

Please HELP!!!!

P.S. And yes i am new at this
dude i going to be really honest with u ...and i hope u dont take it the wrong way..
every1 in here is either here to pass time or themselves in trouble when it comes to trading, nobody can help u cause nobody knows..im telling this whole thing is about probability ...i basing my trade on the fact fundamentally we are in a downtrend and am tring to sell as high as possible because UK data maybe be weak..

learn to trade so u can tell the diference between a good and bad trade, u dont need real money to learn this, I thought i was ready..i so aint and now i know it ...hence back to square one!
U dont have to make trading harder than it needs to be..goodluck!!!
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  • #61,164
  • Apr 10, 2008 4:00am Apr 10, 2008 4:00am
Quoting mojcaa
Hi everyone!

tell me what is best for me to do right now, because i think i am going to loss everything.Yesterday i put sell at 19665.

Please HELP!!!!

P.S. And yes i am new at this
dude if u cant last long u should hedge
and after the BOE decision decide wat to do but im warning u we might c great volatility so if ur account cant handle it act now.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #61,165
  • Apr 10, 2008 4:01am Apr 10, 2008 4:01am
H4 new candle here open at 1.9777. How about yours guys ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #61,166
  • Apr 10, 2008 4:03am Apr 10, 2008 4:03am
Quoting nAVIN2007
dude i going to be really honest with u ...and i hope u dont take it the wrong way..
every1 in here is either here to pass time or themselves in trouble when it comes to trading, nobody can help u cause nobody knows..im telling this whole thing is about probability ...i basing my trade on the fact fundamentally we are in a downtrend and am tring to sell as high as possible because UK data maybe be weak..

learn to trade so u can tell the diference between a good and bad trade, u dont need real money to learn this, I thought i was ready..i so aint and now i know it ...hence back to square one!
U dont have to make trading harder than it needs to be..goodluck!!!
Tnx for your opinion,
hope it does go down
  • #61,167
  • Apr 10, 2008 4:17am Apr 10, 2008 4:17am
Quoting manize
H4 new candle here open at 1.9777. How about yours guys ?
1.9764 IBFX GMT+8
  • #61,168
  • Apr 10, 2008 4:18am Apr 10, 2008 4:18am
Quoting manize
H4 new candle here open at 1.9777. How about yours guys ?
Just now Long @9784, I think can get it TP @9852
Mine one open 1.9764 ...

Hai Guy, how to get know the MT4 currently running on what time zone?
  • #61,169
  • Apr 10, 2008 4:23am Apr 10, 2008 4:23am
I got to start listening to myself.

Jim

Quoting hard1head1
Hi All,

I still say we are going to at least the 61.8% fib, maybe even 9900 depending on the news.

Jim
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  • #61,170
  • Apr 10, 2008 4:29am Apr 10, 2008 4:29am
1.9856 is next fib level
  • #61,171
  • Apr 10, 2008 4:29am Apr 10, 2008 4:29am
Hey everybody.

Has anybody read the book "Bird Watching in Lion Country. Retail Forex Trading"?
The one thing that I have been practicing is always trade in the direction of the fundamental trend.... Wait for the dips and hold on the rallies....
The other thing is let your losses run and cut your profits..... This goes against all the "expert advice" out there, but it certainly makes it easier when you do not have to get into a trade in the perfect position. It also avoids having to put tight stop losses.
Only been trading like this for two months now, but I am increasing my account balance steadily.
Just my two cents worth....
  • #61,172
  • Edited 4:42am Apr 10, 2008 4:30am | Edited 4:42am
Quoting mojcaa
Hi everyone!

tell me what is best for me to do right now, because i think i am going to loss everything.Yesterday i put sell at 19665.

Please HELP!!!!

P.S. And yes i am new at this
Do hedge quickly. I also have 2 open hedging. Long at 2.0156 and short at 1.9752. And I am still able do tradding with my remaining margin to cut step by step my floating loss, especially after hard learn Master Abuawad method analysis.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #61,173
  • Apr 10, 2008 4:32am Apr 10, 2008 4:32am
oh well i blew my first account loss £550 ...damnit back to demo now and get consistant profits
  • #61,174
  • Apr 10, 2008 4:45am Apr 10, 2008 4:45am
Quoting nAVIN2007
oh well i blew my first account loss £550 ...damnit back to demo now and get consistant profits
Dont let it get you down Nav, keep working. In time my friend, you must creep before you are able to walk...........
  • #61,175
  • Apr 10, 2008 4:47am Apr 10, 2008 4:47am
Quoting nAVIN2007
oh well i blew my first account loss £550 ...damnit back to demo now and get consistant profits
how long did it take to blow your acc? if you dont mind me asking
  • #61,176
  • Apr 10, 2008 4:50am Apr 10, 2008 4:50am
Hey Guys,

Looks like it may be failing the 61.8 Fib level here. Im a hoping it does so your shorts start to come alive. Tweezer tops on the 15

Jim
  • #61,177
  • Apr 10, 2008 4:51am Apr 10, 2008 4:51am
i have a feeling its goin to drop..i hope my feeling is right.. or i too will have blown my account!!
  • #61,178
  • Apr 10, 2008 4:53am Apr 10, 2008 4:53am
me too
I have stop on 1.99 if it will be reached I'll back on demo too
  • #61,179
  • Apr 10, 2008 4:53am Apr 10, 2008 4:53am
still hoping..going to 61.8 fib
  • #61,180
  • Apr 10, 2008 4:54am Apr 10, 2008 4:54am
Quoting AmeriTrini
Dont let it get you down Nav, keep working. In time my friend, you must creep before you are able to walk...........
i started with £3000 lost £550 of it ....and i have to just except that my entries are stupid so back to demo for me to get good entries then came back to it..its just i cant keep losing like this, especially when i lose more than i earn..so it better to play the game without encountering huge loss
all because of the bullish engulfing pattern on the blasted pivot.lol


mike was saying yesterday that he suspects we going to the top and the rate cut was already priced in ...i dont get that but i guess we will have to wait and see ...
thx man
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