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Cable Update (GBPUSD)

  • #66,741
  • May 20, 2008 11:54am May 20, 2008 11:54am
Quoting allserene
this coincides with my simplistic theory that most times cable moves 250 pips in any direction quickly, I should place a contrary position

then i scale out of it gently as the reversal comes

lets see if it works this time
I think it'll work

Should be good for at least 100 pips IMHO.
Patience + Discipline - Greed = Success
  • #66,742
  • May 20, 2008 11:54am May 20, 2008 11:54am
Quoting nAVIN2007
I may be wrong here but i thing the move up is just the start...
You could well be right but whether there is retracement first or whether it just powers straight up without blinking is the decision

I am betting on it taking a breather on the way and that often causes initial losses at this point as it is betting against the trend - so its keep the faith time

Betting against the trend is very naughty and I should wait for the fall back and then go long - so I am being greedy and wanting both movements
  • #66,743
  • May 20, 2008 11:57am May 20, 2008 11:57am
URGENT RESPONSE

need advise from experience trader. im short around 1.9560 and lost connection for about five hours.i met -140pips against me when i got the connection back.iv lost about 50% of my account and i dont know wat to do.advise is urgently needed.the trade still open
  • #66,744
  • May 20, 2008 11:57am May 20, 2008 11:57am
Quoting beejay
need advise from experience trader. im short around 1.9560 and lost connection for about five hours.i met -140pips against me when i got the connection back.iv lost about 50% of my account and i dont know wat to do.advise is urgently needed.the trade still open
bro this thing could go up quickly tomorrow after MPC meeting

u need to hedge or close and make the money back
but dont get attached according to hope only
that will screw up ur mind and make u lose the other half of ur account
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,745
  • May 20, 2008 12:02pm May 20, 2008 12:02pm
Quoting beejay
URGENT RESPONSE

need advise from experience trader. im short around 1.9560 and lost connection for about five hours.i met -140pips against me when i got the connection back.iv lost about 50% of my account and i dont know wat to do.advise is urgently needed.the trade still open
Advice......
- next time use stop loss
- don't overleverage (how the hell could you lose 50% from 140pips)
- learn forex before jumping in ....babypips.com
Patience + Discipline - Greed = Success
  • #66,746
  • May 20, 2008 12:06pm May 20, 2008 12:06pm
Quoting salah k.
bro this thing could go up quickly tomorrow after MPC meeting

u need to hedge or close and make the money back
but dont get attached according to hope only
that will screw up ur mind and make u lose the other half of ur account
hey guys hows u all
hi salah kifak liom
i have a question guys : is the hedge exist with metatrade4 ?
  • #66,747
  • May 20, 2008 12:07pm May 20, 2008 12:07pm
Quoting beejay
URGENT RESPONSE

need advise from experience trader. im short around 1.9560 and lost connection for about five hours.i met -140pips against me when i got the connection back.iv lost about 50% of my account and i dont know wat to do.advise is urgently needed.the trade still open

this is not advice .. its just my opinion ... 1.9740 is important point ... if its break cable will fly up ... if not broke it will reverse

my opinion trade @ your own risk .... you must accpt lose first to win from forex
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  • #66,748
  • May 20, 2008 12:11pm May 20, 2008 12:11pm
Exactly what I would say Salah.
Also no one really knows where we are going but that is a mighty bullish daily candle that dose not want to give up.


Quoting salah k.
bro this thing could go up quickly tomorrow after MPC meeting

u need to hedge or close and make the money back
but dont get attached according to hope only
that will screw up ur mind and make u lose the other half of ur account
Attached Image (click to enlarge)
Click to Enlarge Name: 5.gif Size: 48 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #66,749
  • May 20, 2008 12:11pm May 20, 2008 12:11pm
Quoting warta
hey guys hows u all
hi salah kifak liom
i have a question guys : is the hedge exist with metatrade4 ?
tameeem inta keeef
shakelna ma la7 ne5las min hal politics

anyway yeah bro it does in MT4
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,750
  • May 20, 2008 12:14pm May 20, 2008 12:14pm
Quoting Bones
Exactly what I would say Salah.
Also no one really knows where we are going but that is a mighty bullish daily candle that dose not want to give up.
yeah bro if it wanted to give up we'd be down 50 pips already from daily high.

who knows cable has been crazy these couple of months with no clear trend anymore.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,751
  • May 20, 2008 12:16pm May 20, 2008 12:16pm
Quoting deboooo2005
this is not advice .. its just my opinion ... 1.9740 is important point ... if its break cable will fly up ... if not broke it will reverse

my opinion trade @ your own risk .... you must accpt lose first to win from forex
agreeeeeeeeeed
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,752
  • May 20, 2008 12:20pm May 20, 2008 12:20pm
Hi

any forecast about GBP MPC Meeting Minutes forecast 8-1 previous hld 7-2 cut
  • #66,753
  • May 20, 2008 12:20pm May 20, 2008 12:20pm
I hedged at a 15% loss of my account but ive been hesitant to commit to any one direction to make it back up. Lost an excellent opportunity to make it up and more today with the move up. Just feel burned out from always loosing to try to do anything ive been avoiding looking at it.
  • #66,754
  • May 20, 2008 12:24pm May 20, 2008 12:24pm
Quoting deboooo2005
Hi

any forecast about GBP MPC Meeting Minutes forecast 8-1 previous hld 7-2 cut
it would be very interesting to see lone arch dove Blanchflower vote for rates to stay on hold making it a 9-0 nil, unlikely as it seems, it would be very good for sterling bulls...

on the other hand a close call of 6-3 or 5-4 would be have bearish implications....

they would of had the 3.0% inflation figures ahead of the meeting...
Trading is 80% Emotional, 20% Technical
  • #66,755
  • May 20, 2008 12:28pm May 20, 2008 12:28pm
Quoting salah k.
tameeem inta keeef
shakelna ma la7 ne5las min hal politics

anyway yeah bro it does in MT4
rawa2 ya bro
w 3a awltak ma la7 nekhlas
ra7o yetef2o 3ala ino ma yetef2o bil marra alla y3ina wala chi bi aref
  • #66,756
  • May 20, 2008 12:28pm May 20, 2008 12:28pm
Quoting fx local
it would be very interesting to see lone arch dove Blanchflower vote for rates to stay on hold making it a 9-0 nil, unlikely as it seems, it would be very good for sterling bulls...

on the other hand a close call of 6-3 or 5-4 would be have bearish implications....

they would of had the 3.0% inflation figures ahead of the meeting...
with that kind of inflation they shouldnt be thinking about cuts at all. at least not until oil takes a rest.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,757
  • May 20, 2008 12:30pm May 20, 2008 12:30pm
cant see the point in hedging really - it's only delaying the inevitable

anyway here comes a retracement i hope so the shorters can get half their losses back and then lick their wounds
  • #66,758
  • May 20, 2008 12:35pm May 20, 2008 12:35pm
as for me i am a fan of macd divergence and the macd divergence is now showing on the 15 mins chart.so i think the downtrend is about to commence.it is only an opinion.
  • #66,759
  • May 20, 2008 12:35pm May 20, 2008 12:35pm
Quoting allserene
cant see the point in hedging really - it's only delaying the inevitable

anyway here comes a retracement i hope so the shorters can get half their losses back and then lick their wounds
really i short @ 1.9712 ... after closed my long from 1.9474 @ 1.9691

letus watch this short
  • #66,760
  • May 20, 2008 12:45pm May 20, 2008 12:45pm
Quoting deboooo2005
really i short @ 1.9712 ... after closed my long from 1.9474 @ 1.9691

letus watch this short
Nice run, care to share this short target ?
I Deeply Love My Virtual Life In Virtual World , RLC
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