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Cable Update (GBPUSD)

  • #64,681
  • May 8, 2008 3:17am May 8, 2008 3:17am
Quoting nAVIN2007

what we thinking?
I think 1.9560 is going to act as resistance, after that I see 1.9600 and 1.9620.

But you see, being long of 140 lots....1.9620 I don't think I have the heart to see on all of them. I might start scaling out in a short while.
The quality of your life is brought about by the quality of your thinking.
  • #64,682
  • May 8, 2008 3:21am May 8, 2008 3:21am
Quoting hornet
Took the 04.00 trigger for another buy,

I calculated as if my previous entry had been stopped out. So still only 5% risk.

Now I have 140 lots long...fingers crossed !
140 lots...man for that we shal pray for u ..
i got stoped out too, i had 2 entries and now just one and its right by the weekly pivot...
  • #64,683
  • May 8, 2008 3:25am May 8, 2008 3:25am
Quoting hornet
I think 1.9560 is going to act as resistance, after that I see 1.9600 and 1.9620.

But you see, being long of 140 lots....1.9620 I don't think I have the heart to see on all of them. I might start scaling out in a short while.
stupidily i bought at 1.9558...and there we got the pivot point and weekly pivot
  • #64,684
  • May 8, 2008 3:27am May 8, 2008 3:27am
Quoting nAVIN2007
stupidily i bought at 1.9558...and there we got the pivot point and weekly pivot
thats why i personally buy at beginning of a new candle not smaller than 15min (which started at 9544) no matter how much movement there is...
  • #64,685
  • May 8, 2008 3:28am May 8, 2008 3:28am
Quoting nAVIN2007
140 lots...man for that we shal pray for u ..
Mini lots though, so it's 14 regular lots.
The quality of your life is brought about by the quality of your thinking.
  • #64,686
  • May 8, 2008 3:30am May 8, 2008 3:30am
Do you think the same bank rate, 5.0% will make the GBP north? Look like 5.0% bank rate will anounced.
  • #64,687
  • May 8, 2008 3:30am May 8, 2008 3:30am
Quoting nomask
thats why i personally buy at beginning of a new candle not smaller than 15min no matter how much movement there is...
i try my best to do the same....i placed a long yesterday and i so thought it was going to go up ...oh well ....we live to learn

we going to weekly pivot and then we will get the direction hopefully its up...
  • #64,688
  • May 8, 2008 3:30am May 8, 2008 3:30am
Quoting nAVIN2007
stupidily i bought at 1.9558...and there we got the pivot point and weekly pivot
Not the best of places to enter long but I am sure it will work out....


Obviously...LOL
The quality of your life is brought about by the quality of your thinking.
  • #64,689
  • May 8, 2008 3:39am May 8, 2008 3:39am
THE WRITING WAS ON THE WALL !!!




moved my SL to break even and will start scaling out soon, want to see 1.9600 and then I will lose some. Only thing against this is that it's moving TOO fast
The quality of your life is brought about by the quality of your thinking.
  • #64,690
  • May 8, 2008 3:39am May 8, 2008 3:39am
Quoting nAVIN2007
i try my best to do the same....i placed a long yesterday and i so thought it was going to go up ...oh well ....we live to learn

we going to weekly pivot and then we will get the direction hopefully its up...
ohh..then that what sometimes happens to me too ...
but didnt matter this time..that going in our favor
  • #64,691
  • May 8, 2008 3:41am May 8, 2008 3:41am
On daily pivot Will it break??
  • #64,692
  • May 8, 2008 3:43am May 8, 2008 3:43am
Quoting hornet
Not the best of places to enter long but I am sure it will work out....


Obviously...LOL
i gotta stop doing this..how easy would it have been to sell at the top of a downtrend, preventing all these problems...
  • #64,693
  • May 8, 2008 3:45am May 8, 2008 3:45am
Quoting Runway Trade
On daily pivot Will it break??
believe me if it breaks the weekly pivot it will break pivot level...i think this is a retracement but what do i know ...lol
  • #64,694
  • May 8, 2008 3:46am May 8, 2008 3:46am
All i know is exactly;

The diference between a winning trade and losing trade is only the entery

  • #64,695
  • May 8, 2008 3:46am May 8, 2008 3:46am
Will it break
Attached Image (click to enlarge)
Click to Enlarge Name: gbp1.gif Size: 20 KB
  • #64,696
  • May 8, 2008 3:47am May 8, 2008 3:47am
Quoting Runway Trade
Will it break
yes
  • #64,697
  • May 8, 2008 3:47am May 8, 2008 3:47am
Quoting Runway Trade
Will it break
Just did
  • #64,698
  • May 8, 2008 3:48am May 8, 2008 3:48am
whoa.. jumpin' out..

but i'm already get my BEP a few hours ago..
i hope i could find better spot tonight or tommorow..

congratulation for all of you that could riding this nice wave..
  • #64,699
  • May 8, 2008 3:49am May 8, 2008 3:49am
Quoting manize
I don't care the other news. I am waiting for H4 candle open/close beyond 1.9501 - 1.9541 to get the strong trend to open a trade. It is the only news I believe. H1 also can be used to detect the trend , but sometimes failed... hmmm said the success/fail ratio 2:2 to 3 :1. So H4 action is my choice to trade. Maybe late to scrab huge profits but more better late with a few profits than got nothing or even got loss.
H1 open/close above 1.9541 and she moves up. Let see how far it goes ! 1sy target 1.9600
Attached Image
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #64,700
  • May 8, 2008 3:50am May 8, 2008 3:50am
Quoting hipcio
Yesterday I told so, and was wrong, this time I hope to be right
He you are,
but it was not my idea ....
Jesus Christ is my only Lord !
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