Cable Update (GBPUSD) | Page 3170 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #63,381
  • Apr 30, 2008 4:28am Apr 30, 2008 4:28am
Everyone is right.. short in a long term but long at the moment.. why to keep short when the price goes up.. especially if you have time and you sit by the computer. Many times i have been holding to my positions even when I saw the price going the other way thinking that no matter what it will go my way... and many times I was wrong One thing that is good to learn is to trade in a price direction.. and for now it is going up... when it will go down I will close my long... simple... is it??
  • #63,382
  • Apr 30, 2008 4:31am Apr 30, 2008 4:31am
Quoting nAVIN2007
ok if u look at the daily chart..u can see clearly the markers to show price was rejected, now when we were high it didnt break the trendline..we are spiralling down....best to sell at the top as u never quite know where the bottom is ....

2.04 can only come when we see 1.9932 levels above 2.00 can be got by a breakout of the downtrend only...

the bottoms are getting lower and so are the highs (daily)
one way or other...decision need to be made as to where we go ...the signs point downward and because today is the final day for thee new monthly candle, u just never knows what gonna happens....so its very tricky..not sure if i answered your question but i hope this helps
thankz for the explanation
but rite now GBPUSD try to get higher?
i'm scared if i wanna to short now,
u get idea?
  • #63,383
  • Apr 30, 2008 4:36am Apr 30, 2008 4:36am
Quoting Ultraman
thankz for the explanation
but rite now GBPUSD try to get higher?
i'm scared if i wanna to short now,
u get idea?

trading isnt about getting into trades, make a plan and stick to it...im tempted also but if yur going to enter..id wait for the 15 min stoct to be undersoled, theres a doji formation now meaning its overbought for the time frame cycle it will come down when its at the bottom u might wish to enter..

try to sell at the top and buy on the bottom..buying is risky if u ask me but it all depends on yur risk reward...
  • #63,384
  • Apr 30, 2008 4:38am Apr 30, 2008 4:38am
Quoting nAVIN2007
trading isnt about getting into trades, make a plan and stick to it...im tempted also but if yur going to enter..id wait for the 15 min stoct to be undersoled, theres a doji formation now meaning its overbought for the time frame cycle it will come down when its at the bottom u might wish to enter..

try to sell at the top and buy on the bottom..buying is risky if u ask me but it all depends on yur risk reward...
i went short 1.9679
how about u, and how far it's falling down?
  • #63,385
  • Apr 30, 2008 4:39am Apr 30, 2008 4:39am
Quoting nAVIN2007
ok if u look at the daily chart..u can see clearly the markers to show price was rejected, now when we were high it didnt break the trendline..we are spiralling down....best to sell at the top as u never quite know where the bottom is ....

2.04 can only come when we see 1.9932 levels above 2.00 can be got by a breakout of the downtrend only...

the bottoms are getting lower and so are the highs (daily)
one way or other...decision need to be made as to where we go ...the signs point downward and because today is the final day for thee new monthly candle, u just never knows what gonna happens....so its very tricky..not sure if i answered your question but i hope this helps
Yes really appreciate your explaining.
Expected the unexpected
  • #63,386
  • Apr 30, 2008 4:42am Apr 30, 2008 4:42am
Quoting Ultraman
i went short 1.9679
how about u, and how far it's falling down?

i havent even entered yet ...this all speculation, nobody knows whats happening all probability...at the very least this shuld move up i think and go toward weekly pivot....then it might come back down ..
  • #63,387
  • Apr 30, 2008 4:42am Apr 30, 2008 4:42am
Quoting Ultraman
i went short 1.9679
how about u, and how far it's falling down?
how baout diz TP 1.9637?
isn't can further down?
  • #63,388
  • Apr 30, 2008 4:44am Apr 30, 2008 4:44am
happy trading 2 all of you...good luck...bye
  • #63,389
  • Apr 30, 2008 4:45am Apr 30, 2008 4:45am
Quoting nAVIN2007
i havent even entered yet ...this all speculation, nobody knows whats happening all probability...at the very least this shuld move up i think and go toward weekly pivot....then it might come back down ..
weekly pivot is 1.9843...
so, it climb to 9843 b4 shooting down?
isn;t true?
correct me if i'm wrong
  • #63,390
  • Apr 30, 2008 4:46am Apr 30, 2008 4:46am
Quoting Ultraman
weekly pivot is 1.9843...
so, it climb to 9843 b4 shooting down?
isn;t true?
correct me if i'm wrong
not sure...it likely will head toward this pivot and find a direction..assuming there buyer in the market...if not then ....south
Attached Image (click to enlarge)
Click to Enlarge Name: picture.JPG Size: 111 KB
  • #63,391
  • Apr 30, 2008 4:52am Apr 30, 2008 4:52am
Quote
the bottoms are getting lower and so are the highs (daily)

very nice analysis and well thought out. A no trade when unsure of direction is a winner everytime. The market will tell you where it is headed but you just need to be patient and not CHASE a trade to be in a trade, let it develop and profit from it
Don't chase the market, Let the market come to you
  • #63,392
  • Apr 30, 2008 4:53am Apr 30, 2008 4:53am
Quoting Ultraman
what the reason u go short on GBPUSD?
this is why mate i said so look @ the chart the 1.9755 to 60 is the 38.2 retracment from the move yestarday
so if it get there ill start to fo short to the low agine
to go long from there
thats for the short term trade for like tomorow this sinario not more
see the chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 34 KB
Senior Trader Multi-Account Manager
  • #63,393
  • Apr 30, 2008 4:56am Apr 30, 2008 4:56am
+ i have my pivot @ 1.9760 thats also a good indecaion
Senior Trader Multi-Account Manager
  • #63,394
  • Apr 30, 2008 4:59am Apr 30, 2008 4:59am
why does everyone worry and think what the markets going to do?! no one here has any control over that...

we should only try and think about what about what your going to do when it gets there - sometime you can control!

best to focus on those things you least want to happen and your what response should be...
Trading is 80% Emotional, 20% Technical
  • #63,395
  • Apr 30, 2008 5:01am Apr 30, 2008 5:01am
Straight out of "Trading in the zone"

and your signature too.

Great book and a must read for wanna be traders.
The quality of your life is brought about by the quality of your thinking.
  • #63,396
  • Apr 30, 2008 5:03am Apr 30, 2008 5:03am
i see a first level of interest for sellers at around 1.9720/30

up there I will lose half of my long and wait for 1.9780 (or there about)
The quality of your life is brought about by the quality of your thinking.
  • #63,397
  • Apr 30, 2008 5:04am Apr 30, 2008 5:04am
Quoting Ultraman
i went long, no more downward for GBPUSD,
you still long
If I Go Broke Trying Then I Will die happy.
  • #63,398
  • Apr 30, 2008 5:05am Apr 30, 2008 5:05am
No Cut
If I Go Broke Trying Then I Will die happy.
  • #63,399
  • Apr 30, 2008 5:05am Apr 30, 2008 5:05am
Quoting Moe
you still long
i'm went long and short,
long profit, short floating
  • #63,400
  • Apr 30, 2008 5:06am Apr 30, 2008 5:06am
Quoting Moe
No Cut
what the reason GBPUSD will reach at 1.9500?
any idea?
982 traders viewing now, 4 are registered:
,
,
Molaro
,
sam3234