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Cable Update (GBPUSD)

  • #66,261
  • May 15, 2008 10:51am May 15, 2008 10:51am
+85 pips as of writing get in it guys its running with the bulls hah. target is 1.9625 to 1.9700
"Diversification is an excuse for a lack of talent" ~FXC
  • #66,262
  • May 15, 2008 10:53am May 15, 2008 10:53am
Quoting nAVIN2007
no i really am short ..
the same time i went short it went up like a rocket...
go with the trend my nuts
Cable is nuts! It is completely irradical.
Expected the unexpected
  • #66,263
  • May 15, 2008 10:54am May 15, 2008 10:54am
Normal Bullish divergence from 5/7 to 5/14 lower lows in price and higher lows in any 14 period oscillator you can put on it. check it out in the h4 charts.
"Diversification is an excuse for a lack of talent" ~FXC
  • #66,264
  • May 15, 2008 10:55am May 15, 2008 10:55am
H4 look at it. enter in the next opening candle.
"Diversification is an excuse for a lack of talent" ~FXC
  • #66,265
  • May 15, 2008 10:55am May 15, 2008 10:55am
Quoting manize
I close my long 1.9470 at 1.9486. Bearish ?
.
going short from here is a bit suicidal
i mean we are in the middle of a 4h bullish candle

then again no one knows it might go ur way
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,266
  • May 15, 2008 10:59am May 15, 2008 10:59am
any one heard the phrase "topped and tailed", well icertainty know the feeling!!
Trading is 80% Emotional, 20% Technical
  • #66,267
  • May 15, 2008 11:06am May 15, 2008 11:06am
this still could go down..it didnt make a high
  • #66,268
  • May 15, 2008 11:08am May 15, 2008 11:08am
OR, perhaps there is another option... I am an MBA, and I assure you not "very stupid", and I doubt the Pope would give anymor of a crap about me than I do about him. Salah, I was kidding.

Quoting salah k.
that guy is either very stupid

or he traded with the POPE's blessing
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  • #66,269
  • May 15, 2008 11:15am May 15, 2008 11:15am
Quoting ciscoguy
OR, perhaps there is another option... I am an MBA, and I assure you not "very stupid", and I doubt the Pope would give anymor of a crap about me than I do about him. Salah, I was kidding.
dude relax im joking too

plus i really couldnt help myself but i must say it
an MBA wont do u any good in FOREX
only reading as much as u can on technical analysis and experience with fundamentals and market reactions.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,270
  • May 15, 2008 11:16am May 15, 2008 11:16am
Quoting salah k.
going short from here is a bit suicidal
i mean we are in the middle of a 4h bullish candle

then again no one knows it might go ur way
Thank you Salah .... Hmmm .....
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #66,271
  • May 15, 2008 11:20am May 15, 2008 11:20am
Concentrations in Economics and Finance helps more than you might think... Although I have to say that for the most part, I learned more about Forex playing Poker, than I did in any of my Economics classes.

Quoting salah k.
dude relax im joking too

plus i really couldnt help myself but i must say it
an MBA wont do u any good in FOREX
only reading as much as u can on technical analysis and experience with fundamentals and market reactions.
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  • #66,272
  • May 15, 2008 11:26am May 15, 2008 11:26am
Quoting ciscoguy
Concentrations in Economics and Finance helps more than you might think... Although I have to say that for the most part, I learned more about Forex playing Poker, than I did in any of my Economics classes.
poker or tossing a coin as turveyd said are the keys to a great and successful trader
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,273
  • May 15, 2008 11:28am May 15, 2008 11:28am

  1. Academic success and trading success are potentially mutually exclusive

Trading is 80% Emotional, 20% Technical
  • #66,274
  • May 15, 2008 11:36am May 15, 2008 11:36am
Quoting salah k.
poker or tossing a coin as turveyd said are the keys to a great and successful trader

impossible to tell whats happening..might as well be gambling like right now ..who knows where this 4hr candle is going it might go to the bottom and test then come up...

1hr, 30 minutes and relieving overbought condition
  • #66,275
  • May 15, 2008 11:38am May 15, 2008 11:38am
Quoting nAVIN2007
impossible to tell whats happening..might as well be gambling like right now ..who knows where this 4hr candle is going it might go to the bottom and test then come up...

1hr, 30 minutes and relieving overbought condition
im just worried about my shorts
i think im gona stop half right now
after all i aint losing anything
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,276
  • May 15, 2008 11:39am May 15, 2008 11:39am
Quoting salah k.
im just worried about my shorts
i think im gona stop half right now
after all i aint losing anything

its going to test the bottom then buy ...it wont i doubt break the high of yesterday ...
  • #66,277
  • May 15, 2008 11:42am May 15, 2008 11:42am
Quoting nAVIN2007
its going to test the bottom then buy ...it wont i doubt break the high of yesterday ...
as usual i closed half of my short
and it goes down 40 pips
freaking unbelievable

its like it was waiting for me to close
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,278
  • May 15, 2008 11:44am May 15, 2008 11:44am
guys wat the hell happened to the market

euro tested new lows commodities fell (oil fell 5$ in 30-->60 minutes)
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,279
  • May 15, 2008 11:48am May 15, 2008 11:48am
I've had days when I wait for the daily candle to close, and place an order (with the 4H trend) On several random pairs. Each got a 50 pip SL. No analysis beyond the 4H trend... The thing was about break even with a 24 hour trade window.

Quoting salah k.
poker or tossing a coin as turveyd said are the keys to a great and successful trader
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  • #66,280
  • May 15, 2008 11:51am May 15, 2008 11:51am
Anyway, this day was a waste after about 5:30 am. I should have quit looking for trades when I made my daily goal. I could have been on my sailboat or golfing. Good luck everyone. I'm off to bed!

Quoting ciscoguy
I've had days when I wait for the daily candle to close, and place an order (with the 4H trend) On several random pairs. Each got a 50 pip SL. No analysis beyond the 4H trend... The thing was about break even with a 24 hour trade window.
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