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Cable Update (GBPUSD)

  • #65,261
  • May 12, 2008 7:27am May 12, 2008 7:27am
Quoting hard1head1
Retracement is over.
Agree but not buying, my rules are not met right now
The quality of your life is brought about by the quality of your thinking.
  • #65,262
  • May 12, 2008 7:34am May 12, 2008 7:34am
Yea, my EMA's havent crossed yet, but they will. Remember, we have a daily up trend line top side right in our face and it will take a whole bunch to get back above that.

Quoting hornet
Agree but not buying, my rules are not met right now
  • #65,263
  • May 12, 2008 7:36am May 12, 2008 7:36am
Quoting priceaction
One of the long time traders at FF is Jacko. He posted at this thread over the weekend actually.

He trades around 50 lots at a time, he's one of the most successful traders at FF and just over a year ago, he made his first half million USD from trading EURUSD http://www.forexfactory.com/showpost.php?p=1431044

He uses the 50 fib.

Rob
Well there you go then.
  • #65,264
  • May 12, 2008 7:53am May 12, 2008 7:53am
So far a nice wave down forming, notice the lower highs and lower lows
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  • #65,265
  • May 12, 2008 8:13am May 12, 2008 8:13am
Quoting hard1head1
So far a nice wave down forming, notice the lower highs and lower lows
Unfortunatly I have noticed that. Maybe I must just take my 100pip los now and what for the short.............but it has to go the the upper 4H trendline!?
  • #65,266
  • May 12, 2008 8:16am May 12, 2008 8:16am
RICS House Price Balance this should trigger a strong move probably defining this move as trend reversal or retracement from 9460.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #65,267
  • May 12, 2008 8:26am May 12, 2008 8:26am
Is that down wave now broken?
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  • #65,268
  • May 12, 2008 8:26am May 12, 2008 8:26am
Morning Guys I'm surprise not much has happened in the last hour since I left for work.

I noticed people were saying bear bear but the reality we have to wait for a signal. Those who are holding longs have good reason to continue holding. My Charts indicate a 80% chance the we still in a bull.

Here is my 5m and 15m.

I'm a newbie so dont take my word as gospel. I will wait a little then make my decision.
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  • #65,269
  • May 12, 2008 8:33am May 12, 2008 8:33am
Oh there is even a morning star on both the 5m and the 15m. Just noticing that also..
  • #65,270
  • May 12, 2008 8:38am May 12, 2008 8:38am
Is a metter of time.
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  • #65,271
  • May 12, 2008 8:41am May 12, 2008 8:41am
Quoting nAVIN2007
im thinking retrace to 38% or possible 50% then long? ...or u thinking straight down?
Nav,

I think you were long on cable and floating. Are you out of the hole yet? Good luck.
Expected the unexpected
  • #65,272
  • May 12, 2008 8:43am May 12, 2008 8:43am
But how far will it go.


Quoting Runway Trade
Is that down wave now broken?
  • #65,273
  • May 12, 2008 8:43am May 12, 2008 8:43am
Quoting Carrera
Is a metter of time.
I must agree it is just a "metter of time" 3rd try today to brake 1.96 hope it can do it now or it might just fall on it back! Carrera I like your thinking (it suits my imposition)
  • #65,274
  • May 12, 2008 8:44am May 12, 2008 8:44am
targeting 9650/9700 for TP.
  • #65,275
  • May 12, 2008 8:46am May 12, 2008 8:46am
Quoting Carrera
Is a metter of time.
very good stuff
Trading is 80% Emotional, 20% Technical
  • #65,276
  • May 12, 2008 8:50am May 12, 2008 8:50am
Quoting scyang
Nav,

I think you were long on cable and floating. Are you out of the hole yet? Good luck.
yeah i got out on a slight profit gone short now it looks like it wants to break out of the resistance...crazy market
  • #65,277
  • May 12, 2008 8:51am May 12, 2008 8:51am
Quoting Carrera
Is a metter of time.
  • #65,278
  • May 12, 2008 8:59am May 12, 2008 8:59am
Quoting nAVIN2007
yeah i got out on a slight profit gone short now it looks like it wants to break out of the resistance...crazy market
Glad to hear that you didn't have take loss on this trade. Was looking pretty dire last Friday and earlier Monday. I am staying away cable for now. Will come back when time is right.
Expected the unexpected
  • #65,279
  • May 12, 2008 8:59am May 12, 2008 8:59am
Quoting Runway Trade
I must agree it is just a "metter of time" 3rd try today to brake 1.96 hope it can do it now or it might just fall on it back! Carrera I like your thinking (it suits my imposition)

mmm, sorry, what is imposition?

English is my second language.
  • #65,280
  • May 12, 2008 9:01am May 12, 2008 9:01am
Quoting scyang
Glad to hear that you didn't have take loss on this trade. Was looking pretty dire last Friday and earlier Monday. I am staying away cable for now. Will come back when time is right.
like i said where there indecision we will see both ranges high and low ..if i wsnt sure i wont have remained in the trade mm is very important to me ...u just need to ensure the trade u enter u can hold incase it goes the wrong way ..
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