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Cable Update (GBPUSD)

  • #65,281
  • May 12, 2008 9:03am May 12, 2008 9:03am
Quoting tomaz55
i am still long from 9474 from friday, looking for a big 200 pip bull run to retest the 4hr trendline

will add more if it falls to 9400
hello freaks

just put a stop at 9540, locking in +76

1st tp 9645
  • #65,282
  • May 12, 2008 9:05am May 12, 2008 9:05am
Quoting tomaz55
hello freaks

just put a stop at 9540, locking in +76

1st tp 9645
Good for you Tomaz.
  • #65,283
  • May 12, 2008 9:05am May 12, 2008 9:05am
Quoting nAVIN2007
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 ..
You are right about MM. Nice job pulling yourself out of the hole. UK economy might not be as bad as everybody thought. I am not too sure where cable is going to go now that there were two green news out today.
Expected the unexpected
  • #65,284
  • May 12, 2008 9:11am May 12, 2008 9:11am
Quoting tomaz55
hello freaks
Umm yeah, hello...
  • #65,285
  • May 12, 2008 9:13am May 12, 2008 9:13am
Quoting Carrera
mmm, sorry, what is imposition?

English is my second language.
No worries! It means I am still in the sh_it!!! (was putting it mildly)
I want to go to 1.9700!! So I am looking for anybody who says long with me!
  • #65,286
  • May 12, 2008 9:19am May 12, 2008 9:19am
Wanna know why it wont go up, check it out.
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  • #65,287
  • May 12, 2008 9:19am May 12, 2008 9:19am
theres a lot of pressure to go down ...it seems
  • #65,288
  • May 12, 2008 9:23am May 12, 2008 9:23am
Quoting hard1head1
Wanna know why it wont go up, check it out.
Nice H&S on that GY chart with price retracing nearly 50%. Cycle almost complete.
The quality of your life is brought about by the quality of your thinking.
  • #65,289
  • May 12, 2008 9:23am May 12, 2008 9:23am
my gut says i'd better stay away for a while from the cable that already reached its daily average...i expect it'll be ranging for the rest of the day..
  • #65,290
  • Edited 9:36am May 12, 2008 9:24am | Edited 9:36am
Quoting Runway Trade
No worries! It means I am still in the sh_it!!! (was putting it mildly)
I want to go to 1.9700!! So I am looking for anybody who says long with me!
Damn .. touched Stop Loss at 1.9960 from 1.9598. Just think to make long again once break 1.9615. Otherwise short ????????
Attached Image
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #65,291
  • May 12, 2008 9:26am May 12, 2008 9:26am
Yea, and I got a huge hunk of it being stuffed into my account. I told you guys you need this pair in your arsenal when dealing with GU

Quoting hornet
Nice H&S on that GY chart with price retracing nearly 50%. Cycle almost complete.
  • #65,292
  • May 12, 2008 9:26am May 12, 2008 9:26am
might be in the channel between the black lines ......
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  • #65,293
  • May 12, 2008 9:27am May 12, 2008 9:27am
Maybe it is just this resistance line from before (support) line
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  • #65,294
  • May 12, 2008 9:29am May 12, 2008 9:29am
Quoting hard1head1
Yea, and I got a huge hunk of it being stuffed into my account. I told you guys you need this pair in your arsenal when dealing with GU
The quality of your life is brought about by the quality of your thinking.
  • #65,295
  • May 12, 2008 9:32am May 12, 2008 9:32am
this is why my ass is short...
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  • #65,296
  • May 12, 2008 9:33am May 12, 2008 9:33am
Quoting nAVIN2007
might be in the channel between the black lines ......
I am quite sure you are right!
  • #65,297
  • May 12, 2008 9:35am May 12, 2008 9:35am
Quoting nAVIN2007
this is why my ass is short...
Nav, next time use the previous high to enter short near, then you can use a small stop, which is where the MM comes in.

And don't play the first down move as a break down, better odds on it reversing, if there is no news around.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #65,298
  • May 12, 2008 9:40am May 12, 2008 9:40am
Quoting Turveyd
Nav, next time use the previous high to enter short near, then you can use a small stop, which is where the MM comes in.

And don't play the first down move as a break down, better odds on it reversing, if there is no news around.

yeah i know ....i shorted had a confirmation and it jumped up...but still the resistance is there and diverence is there as well and over soled so i have my comfluence to enter and its in direction of trend too ..so what to do ..

arguments for long and short...both hold

good point thou ..thx bud
  • #65,299
  • May 12, 2008 9:42am May 12, 2008 9:42am
Quoting nAVIN2007
yeah i know ....i shorted had a confirmation and it jumped up...but still the resistance is there and diverence is there as well and over soled so i have my comfluence to enter and its in direction of trend too ..so what to do ..

arguments for long and short...both hold
what you mean by over soled ?
The quality of your life is brought about by the quality of your thinking.
  • #65,300
  • May 12, 2008 9:44am May 12, 2008 9:44am
You should be fine, Nav. As long as your stop is above that daily UTL. But nothing is gauranteed.

Quoting nAVIN2007
yeah i know ....i shorted had a confirmation and it jumped up...but still the resistance is there and diverence is there as well and over soled so i have my comfluence to enter and its in direction of trend too ..so what to do ..

arguments for long and short...both hold

good point thou ..thx bud
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