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Cable Update (GBPUSD)

  • #61,281
  • Apr 10, 2008 8:31am Apr 10, 2008 8:31am
Quoting DJ4x
I opened a long at 1.9792..........
would you share a chart showing your reasoning for this?
Don't chase the market, Let the market come to you
  • #61,282
  • Edited 8:44am Apr 10, 2008 8:31am | Edited 8:44am
Short again ! No need waiting for till 4.00 PM !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #61,283
  • Apr 10, 2008 8:33am Apr 10, 2008 8:33am
Ya'll dont need to guess the market

one long one short

please post charts showing your reasons why you are in the position you are in
Don't chase the market, Let the market come to you
  • #61,284
  • Apr 10, 2008 8:35am Apr 10, 2008 8:35am
Quoting DJ4x
I opened a long at 1.9792..........
why do you go long on a triangle south breakout??????
  • #61,285
  • Apr 10, 2008 8:37am Apr 10, 2008 8:37am
Quoting Tmac
Ya'll dont need to guess the market

one long one short

please post charts showing your reasons why you are in the position you are in
This is true, I wish I could post my 8 hour charts which will be closing in about a half an hour. It will be closing as a perfect pin off of resistance or slightly more bearish even. There is a solid chance that the daily will close as a pin bar or overall bearish bar, but that's still a good ways away yet. If it does, I will add to my short position yet again. The monthly says it all folks. JUST THINK and you will make money.
I dream, therefore I become.
  • #61,286
  • Apr 10, 2008 8:40am Apr 10, 2008 8:40am
Quoting Tmac
would you share a chart showing your reasoning for this?
My broker is Oanda... Not sure how to download charts, but I can tell you my reasoning..... I have a 1 hour chart open and this is near the bottom level of the range for the last month.... give or take 50 pips or so....I only trade in the direction of the fundamental trend which in this case is long....
  • #61,287
  • Apr 10, 2008 8:40am Apr 10, 2008 8:40am
In short at 9780 - tp 9724 (Daily pivot) but could go to S1 at 9658, wouldnt that be nice!
  • #61,288
  • Apr 10, 2008 8:41am Apr 10, 2008 8:41am
Quoting Tmac
Ya'll dont need to guess the market

one long one short

please post charts showing your reasons why you are in the position you are in
Hi TMAC, I would like you to share your method tool. Looks like very worthy. I try to open the attachment, but can not. May you guide me guy ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #61,289
  • Apr 10, 2008 8:45am Apr 10, 2008 8:45am
Quoting Runway Trade
In short at 9780 - tp 9724 (Daily pivot) but could go to S1 at 9658, wouldnt that be nice!

I have a feeling that we will see lower than that in the coming days to weeks. I'm looking for this to really hit the floor hard.
I dream, therefore I become.
  • #61,290
  • Apr 10, 2008 8:46am Apr 10, 2008 8:46am
Quoting manize
Hi TMAC, I would like you to share your method tool. Looks like very worthy. I try to open the attachment, but can not. May you guide me guy ?

post 61289
Don't chase the market, Let the market come to you
  • #61,291
  • Apr 10, 2008 8:47am Apr 10, 2008 8:47am
Quoting mike w
I have a feeling that we will see lower than that in the coming days to weeks. I'm looking for this to really hit the floor hard.
9300 ish next week or 2

who knows? soros does but he aint talking
Don't chase the market, Let the market come to you
  • #61,292
  • Apr 10, 2008 8:52am Apr 10, 2008 8:52am
That was kinda fun, I'm going to stop here though!!!! because my brain cell is fried!!!

Just having a brain training, click the damn button place the damn trade day, need to put the thought back behind the trades.

KISS plan, the market is going in A direction, jump on it. Stop trying to pick tops and bottoms, just join in with the flow, ride it hop off, much easier!!

If I can solve above, with some thought I've made it, pure and simple!!



Dratts I was holding short




13 trades 6 losers 7 winners +16pips over all
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #61,293
  • Apr 10, 2008 8:52am Apr 10, 2008 8:52am
Quite sure its dropping right now, unless Bernanke say something extremely @#$@#$ stupid.

1. Bounce off down trendline on Daily

2. Double bearish candles off 1.9835, and bounce off 62 ema on h4 ... even more confirmation when current candle closes

3. Long legged candles on H1 for the past couple of hours with high volume (i.e. bulls and bears fighting hard), current candle with only slightly less volume, but strong bearish (i.e. bears won and finishing off last survivors)... close would again mean confirmation for short

reloading short positions...
Trade the reaction, not the news!
  • #61,294
  • Apr 10, 2008 8:52am Apr 10, 2008 8:52am
Quoting Tmac
Ya'll dont need to guess the market

one long one short

please post charts showing your reasons why you are in the position you are in
Let me repost my chart why I am sure for short !
Attached Image
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #61,295
  • Apr 10, 2008 8:54am Apr 10, 2008 8:54am
Quoting Tmac
9300 ish next week
Gentlemen, Allah saved me only for my stop loss of 2 pips difference in my Standard account this early morning. I got fade up and closed my computer and went to bed.

Can anyone tell me what PT level is reasonable for today. I have currently 1.9740.

I know many people have shorts for different high rates. I have checked the 4 hr momentum and it is down and daily chart is down as well. The only hurdle is 1HR momentum is up. I have a stop loss of 1.9849. What I will do increase my stop loss a bit and change my PT level up to 1.9720 .....

What do you think guys.........
  • #61,296
  • Apr 10, 2008 8:56am Apr 10, 2008 8:56am
very tempted to short but i just cant get bernanke out of my head
he never misses to trash dollar its like he gets high off it
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #61,297
  • Apr 10, 2008 8:56am Apr 10, 2008 8:56am
Quoting asyed4
Gentlemen, Allah saved me only for my stop loss of 2 pips difference in my Standard account this early morning. I got fade up and closed my computer and went to bed.

Can anyone tell me what PT level is reasonable for today. I have currently 1.9740.

I know many people have shorts for different high rates. I have checked the 4 hr momentum and it is down and daily chart is down as well. The only hurdle is 1HR momentum is up. I have a stop loss of 1.9849. What I will do increase my stop loss a bit and change my PT level up to 1.9720 .....

What do you think guys.........
You are lucky, not touch 1.9849.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #61,298
  • Apr 10, 2008 8:57am Apr 10, 2008 8:57am
Quoting salah k.
very tempted to short but i just cant get bernanke out of my head
he never misses to trash dollar its like he gets high off it
I agree with you 100% it seems like $ is his significant others, Ha Ha Ha Ha....
  • #61,299
  • Apr 10, 2008 8:58am Apr 10, 2008 8:58am
Quoting mike w
I have a feeling that we will see lower than that in the coming days to weeks. I'm looking for this to really hit the floor hard.
I tink I must me my TP to S1 this going down hard!
  • #61,300
  • Apr 10, 2008 9:01am Apr 10, 2008 9:01am
Quoting manize
You are lucky, not touch 1.9849.
I am 100% lucky Manize, I was thinking to close my STANDARD Account as I lost $2000 from my previous trade (Short at 1.9677). And now I am asking help to all the excellent traders about my PT level and SL level for short at 1.9779. It is greatly appreicated because you guys will go too far in this trade business. I am not sure about myself. But I atleast I am sure that I have to study more and more and back my self confidence....

Thanks guys,

Alqaz.
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