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Cable Update (GBPUSD)

  • #66,401
  • May 16, 2008 6:00am May 16, 2008 6:00am
Quoting uncleforex
I got in there too.

But I guess it was cause by many SLs concreated at 9500s

Should form a head and down later if USD news si good.
that top looks solid resistance but i cant trade that yet ..i exited cause it looked as it came down to test the weekly support and maybe fly back up! i'll wait for the beast to head towards the top enter there minimium risk instead of shorting a strong uptrend
  • #66,402
  • May 16, 2008 6:02am May 16, 2008 6:02am
Quoting Moe
this market got me going
The 4hr candle has been lit!!!!!

HOLLA
  • #66,403
  • May 16, 2008 6:03am May 16, 2008 6:03am
was so tempted to go long on cable ...now i look its definately looking short ..its crazy it so should be going up .i guess plenty of folks losing here

i never seen trading days so bad..with this currency
  • #66,404
  • May 16, 2008 6:09am May 16, 2008 6:09am
Seems like g/u is on a rising channel.

If the next US news is good then hopefully g/u can break down and make a new week's low.

Cheers.
  • #66,405
  • May 16, 2008 6:10am May 16, 2008 6:10am
market like this you need to keep things tight, wait for the perfect entries hence even if ur wrong u wont lose much...
Trading is 80% Emotional, 20% Technical
  • #66,406
  • May 16, 2008 6:17am May 16, 2008 6:17am
Well, either the Daily PP is gonna hold and shoot her down, or.........
  • #66,407
  • May 16, 2008 6:23am May 16, 2008 6:23am
Quoting hard1head1
Well, either the Daily PP is gonna hold and shoot her down, or.........
this will help it go up.....
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  • #66,408
  • May 16, 2008 6:42am May 16, 2008 6:42am
Quoting salah k.
hows ur short now
told u never underestimate the power of news

really good news for US housing
aussie will come back down well below 9400

1st TP 9329

come back next week and see
Don't chase the market, Let the market come to you
  • #66,409
  • May 16, 2008 6:45am May 16, 2008 6:45am
Quoting Tmac
aussie will come back down well below 9400
There really is no really for AUDUSD to make all time high. AUD is fundamentally weak. Look the data in the past several days. There is nothing but red news. For it to run up like that is just crazy. I hope that it comes down soon.
Expected the unexpected
  • #66,410
  • May 16, 2008 6:45am May 16, 2008 6:45am
Hey Guys..... I've been laying low this week licking my wounds . Can't trade GBP this week. Closed all positions at a 218 pip loss.
I think that I will wait for next week to place new trades else I am going to follow HH advice and look at other currencies.....
Happy trading everyone
  • #66,411
  • May 16, 2008 6:51am May 16, 2008 6:51am
losing money apart of this job, face upto it, moving fx pair aint going to change that at all....
Trading is 80% Emotional, 20% Technical
  • #66,412
  • May 16, 2008 6:51am May 16, 2008 6:51am
Aftar scalp long .... Short now from 1.9475.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #66,413
  • May 16, 2008 6:53am May 16, 2008 6:53am
Quoting DJ4x
Hey Guys..... I've been laying low this week licking my wounds . Can't trade GBP this week. Closed all positions at a 218 pip loss.
I think that I will wait for next week to place new trades else I am going to follow HH advice and look at other currencies.....
Happy trading everyone
Normally, sometimes got profits the other time got loss.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #66,414
  • May 16, 2008 6:55am May 16, 2008 6:55am
Quoting DJ4x
Hey Guys..... I've been laying low this week licking my wounds . Can't trade GBP this week. Closed all positions at a 218 pip loss.
I think that I will wait for next week to place new trades else I am going to follow HH advice and look at other currencies.....
Happy trading everyone
Sorry to hear about your loss dude.
  • #66,415
  • May 16, 2008 6:56am May 16, 2008 6:56am
59.5 lower than expected figure
Trading is 80% Emotional, 20% Technical
  • #66,416
  • May 16, 2008 7:03am May 16, 2008 7:03am
Quoting fx local
losing money apart of this job, face upto it, moving fx pair aint going to change that at all....
I realise that, but after posting +- 250 pips positive for each week for the last six weeks, I also need to look at another pair so that when this happens I can simply move over to the other pair...... Can't put all my eggs in one basket.(isn't that how the saying goes)
  • #66,417
  • May 16, 2008 7:07am May 16, 2008 7:07am
Quoting DJ4x
I realise that, but after posting +- 250 pips positive for each week for the last six weeks, I also need to look at another pair so that when this happens I can simply move over to the other pair...... Can't put all my eggs in one basket.(isn't that how the saying goes)
best to stick to what u know.. ive found looking at too many pairs can get confusing, but gud luck 2u, alls im saying 2u is that another pair doesnt guarantee consistant returns, its all mind over markets for consistancy
Trading is 80% Emotional, 20% Technical
  • #66,418
  • May 16, 2008 7:29am May 16, 2008 7:29am
Ive been stuck for the past 4 days without sleep. I went long on the news on 13th at 1.9585. I hedged it for a 35 pip loss. Then i tried to make it up by adding a long at 19464 and it went down!!! i hedged that one with a short 1.9426. I missed 3 opportunities to close them out because i knocked out. what is this thing supposed to do.
  • #66,419
  • May 16, 2008 7:30am May 16, 2008 7:30am
Hi guys,
Just wanted to let you know that I will be supplying "patience pills" from next week, feel free to let me know how many you want to order nAVIN, I got some special ones for you I really hoped that you would be holding on to your longs until the last minute, oh well there is always a next time. Good trading all.
  • #66,420
  • May 16, 2008 7:35am May 16, 2008 7:35am
Quoting SHarKTooTH
Hi guys,
Just wanted to let you know that I will be supplying "patience pills" from next week, feel free to let me know how many you want to order nAVIN, I got some special ones for you I really hoped that you would be holding on to your longs until the last minute, oh well there is always a next time. Good trading all.
yes i should have in the end of got fustrated with myself and actually went short, mad with myself and paid the price....if i stuck to my trade orginally id have lost less regardless..this has been the worst week ever trading

totally upset and feel like i could just give up right now ...lost £300 by being 100% stupid
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