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Cable Update (GBPUSD)

  • #66,141
  • May 15, 2008 4:49am May 15, 2008 4:49am
There are no gaurantees at all. It wouldnt surprise me if it turned short any minute.

Quoting scyang
How fast things have changed. Everybody was in short for cable. Now everybody is saying cable will go up?
  • #66,142
  • May 15, 2008 4:51am May 15, 2008 4:51am
My stop is at 9441, that how much I trust this pair against the trend. I follow the rules and put it 10 pips below the 89 Smoothy
  • #66,143
  • May 15, 2008 4:52am May 15, 2008 4:52am
Not a perfect pattern (s) I know but looking a bit H&S ish on 5/15min atm
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ex member
  • #66,144
  • May 15, 2008 4:53am May 15, 2008 4:53am
whats the deal guys everybody was going short then aaaaaaaaaaall long something wrong
  • #66,145
  • May 15, 2008 4:56am May 15, 2008 4:56am
Quoting bbmac
Not a perfect pattern (s) I know but looking a bit H&S ish on 5/15min atm
well spotted!
Trading is 80% Emotional, 20% Technical
  • #66,146
  • May 15, 2008 5:00am May 15, 2008 5:00am
Quoting 20 PiPs
whats the deal guys everybody was going short then aaaaaaaaaaall long something wrong
you ever heard the saying.... "Go with the flow" ?
The quality of your life is brought about by the quality of your thinking.
  • #66,147
  • May 15, 2008 5:00am May 15, 2008 5:00am
closed all my shorts at 1.9450 3k profit 450$
  • #66,148
  • May 15, 2008 5:01am May 15, 2008 5:01am
Like I said
  • #66,149
  • May 15, 2008 5:07am May 15, 2008 5:07am
Lost my trade but, only 1/4 of what I would have gone with the trend. Lesson, the trend is your friend. This thing may still go long, but it will go without me. Do you here me NAV?

Jim
  • #66,150
  • May 15, 2008 5:11am May 15, 2008 5:11am
Breaking through once tested ascending Support trend line on 1hr atm.
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ex member
  • #66,151
  • May 15, 2008 5:12am May 15, 2008 5:12am
Quoting hard1head1
Lost my trade but, only 1/4 of what I would have gone with the trend. Lesson, the trend is your friend. This thing may still go long, but it will go without me. Do you here me NAV?

Jim
Same here, got stopped out and now I am not getting in long anymore
The quality of your life is brought about by the quality of your thinking.
  • #66,152
  • May 15, 2008 5:16am May 15, 2008 5:16am
If it crosses the DPP at 9432, and tests the back and holds, Im a shorty again, and I will start kicking myself for getting in long. I should have listened to my post this morning when we got the nice set of Tweezer tops on the 1 Hr

Jim

Quoting hornet
Same here, got stopped out and now I am not getting in long anymore
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  • #66,153
  • May 15, 2008 5:16am May 15, 2008 5:16am
Quoting hard1head1
Lost my trade but, only 1/4 of what I would have gone with the trend. Lesson, the trend is your friend. This thing may still go long, but it will go without me. Do you here me NAV?

Jim

the trend (immediate was up) the things guys in here dont know the difference between an existing trend and a new one..

if cant go short on a pair that has uptrend retracements ...now the tide changed ..i dont mind losses happen at least i mimised it
  • #66,154
  • May 15, 2008 5:18am May 15, 2008 5:18am
Quoting hard1head1
If it crosses the DPP at 9432, and tests the back and holds, Im a shorty again, and I will start kicking myself for getting in long. I should have listened to my post this morning when we got the nice set of Tweezer tops on the 1 Hr

Jim
The TT were just 1 signal of a possible bearish move, there was more ammo for the longs....it's just one of those that didn't work out.

Can't win them all !
The quality of your life is brought about by the quality of your thinking.
  • #66,155
  • May 15, 2008 5:19am May 15, 2008 5:19am
Hornet, here is my original post that if we would have paid it heed we would be out and in high cotton by now. But we can learn from this, just because we get the tops, it may take awhile for them to follow thru.

Quoting hard1head1
Check em out.
  • #66,156
  • May 15, 2008 5:21am May 15, 2008 5:21am
Yep, we learn a lesson, but also I have been preached to many times that signal candles against the trend rarely work out, and for awhile last night I forgot that.

Quoting hornet
The TT were just 1 signal of a possible bearish move, there was more ammo for the longs....it's just one of those that didn't work out.

Can't win them all !
  • #66,157
  • May 15, 2008 5:22am May 15, 2008 5:22am
Quoting hard1head1
Hornet, here is my original post that if we would have paid it heed we would be out and in high cotton by now. But we can learn from this, just because we get the tops, it may take awhile for them to follow thru.
that's what mistakes are for....to learn from them !

Now then... is it back on the old southbound rail ?
The quality of your life is brought about by the quality of your thinking.
  • #66,158
  • May 15, 2008 5:25am May 15, 2008 5:25am
Hello all the members,

I'm a newbie here, and downloaded the smoothy but want to learn how to read it can anyone explain please
  • #66,159
  • May 15, 2008 5:25am May 15, 2008 5:25am
Testing the back of immediate trend line. Maybe we can get a bounce to push us thru the DPP.
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  • #66,160
  • May 15, 2008 5:28am May 15, 2008 5:28am
to me there is nothing new to learn..it is just a circle and also one of the bad characteristics of human being..undisciplined
i'm getting more into the question ..which one is more important or primary matter??..win/loss ratio or risk/reward
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