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Cable Update (GBPUSD)

  • #69,781
  • Jun 10, 2008 6:34am Jun 10, 2008 6:34am
Quoting salah k.

if i get out alive from lebanon
no realy funny but since you said it i can laugh
If I Go Broke Trying Then I Will die happy.
  • #69,782
  • Jun 10, 2008 6:37am Jun 10, 2008 6:37am
i cant believe this will not return to 1.98 again ..i shall hold this time., i say it everytime but this time im going to.....

might take a week but...i cant lose anymore, draw the line £1000 lose
  • #69,783
  • Jun 10, 2008 6:39am Jun 10, 2008 6:39am
Quoting Moe
no realy funny but since you said it i can laugh
its not funny to u because the people who are living in lebanon are the only ones who know y.

but thnx for laughing anyway
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,784
  • Jun 10, 2008 6:39am Jun 10, 2008 6:39am
we all know you can't pick the bottom are top, so why go long in a downtrend, unless you see something i don't see
If I Go Broke Trying Then I Will die happy.
  • #69,785
  • Jun 10, 2008 6:41am Jun 10, 2008 6:41am
Quoting salah k.
its not funny to u because the people who are living in lebanon are the only ones who know y.

but thnx for laughing anyway
If I Go Broke Trying Then I Will die happy.
  • #69,786
  • Jun 10, 2008 6:42am Jun 10, 2008 6:42am
Quoting nAVIN2007
i cant believe this will not return to 1.98 again ..i shall hold this time., i say it everytime but this time im going to.....

might take a week but...i cant lose anymore, draw the line £1000 lose

nav if there are signs of it going further down hedge half of ur positions at least so that u wont have to lose the whole account

good luck bro
P.S im with u on longs ATM but if US news is really good this baby might never see light today at least.

all the best
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,787
  • Jun 10, 2008 6:42am Jun 10, 2008 6:42am
back to bed, later
If I Go Broke Trying Then I Will die happy.
  • #69,788
  • Jun 10, 2008 6:45am Jun 10, 2008 6:45am
Quoting Moe
we all know you can't pick the bottom are top, so why go long in a downtrend, unless you see something i don't see
of course i dont see something u dont
but on a small time frame we are due for a slight correction which i want to make use of and then enter short.

this exam ruined a good day for cable trading.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,789
  • Jun 10, 2008 6:45am Jun 10, 2008 6:45am
Quoting Moe
we all know you can't pick the bottom are top, so why go long in a dowtrend, unless you see something i don't see

i know i guess its the old classic problem .....not trading what i see but what i think ..i have a bunch of ma's and im just trying to work out how they work ..trying to develop a system

cable has blasted past what i consider good support actually quite worrying but everyday we going up and down .....today totally one sided....
  • #69,790
  • Jun 10, 2008 6:46am Jun 10, 2008 6:46am
Quoting salah k.

if i get out alive from lebanon
Congrats on finishing your exams.You can now concentrate on trading forex full time or are you going to consult on IT. Please can I send you a personal mail of request for assistance on somethings.
  • #69,791
  • Jun 10, 2008 6:49am Jun 10, 2008 6:49am
Quoting samuzowulu
Congrats on finishing your exams.You can now concentrate on trading forex full time or are you going to consult on IT. Please can I send you a personal mail of request for assistance on somethings.
no i cant concentrate on forex full time except maybe in summer
cause i still have my masters hopefully in finance.
and yes u can consult me on watever u need.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,792
  • Jun 10, 2008 6:54am Jun 10, 2008 6:54am
Quoting nAVIN2007
i know i guess its the old classic problem .....not trading what i see but what i think ..i have a bunch of ma's and im just trying to work out how they work ..trying to develop a system

cable has blasted past what i consider good support actually quite worrying but everyday we going up and down .....today totally one sided....
Nav, I know from my own experience that i don't have the patience/tolerance to try and hold in trades other than intraday positions...hence I turn that potential weakness into a strength by trading the smaller time frames, using tigher stops and more leverage, also means i can achieve the same/better returns with far less pips gain.
ex member
  • #69,793
  • Jun 10, 2008 6:57am Jun 10, 2008 6:57am
Quoting salah k.
nav if there are signs of it going further down hedge half of ur positions at least so that u wont have to lose the whole account

good luck bro
P.S im with u on longs ATM but if US news is really good this baby might never see light today at least.

all the best
bro i wont blow my account ....i started in april with £3000 now im at £2006
now i have to get my shit together so i dont blow anymore....but im still doing the same old stuff...my target is 1.98 over next week if need be ..

i cant short now since we exceeded dailly range and are around 61% retracement on bullish move...and very slose to weekly support..wicks on 1 hr also becoming shown ..should start moving up soon....otherwise ill wait till 1.9496 to look for a buy signal ...

i think this just wanting to test the bottom why i have no idea especially after the bullish moves last week..
  • #69,794
  • Jun 10, 2008 6:58am Jun 10, 2008 6:58am
588 seems to be the very very near term resistance for intraday retracement.. meanwhile on the hourlies price is quite nicely away from the 5 period EMA this usually indicates a retracement from the preceeding trend.. i think a retracement a due anytime now.. either right before the news or right after..

ps. i have noticed that if this happens before the news the trend continues.. gluk guys
  • #69,795
  • Jun 10, 2008 7:07am Jun 10, 2008 7:07am
Quoting salah k.
no i cant concentrate on forex full time except maybe in summer
cause i still have my masters hopefully in finance.
and yes u can consult me on watever u need.

I will like you to personally guide me as I will like to trade forex full time. I am from Nigeria. Graduated as an Architect but studied a became a consultant in IT especially in fixed/ wireless networking and programming in Linux. I could send you my C.V. to your box if you will like. In forex I have been using Peter Bain's systems and have just recently started trading my real account. I have been trading demo for the past 3months
  • #69,796
  • Jun 10, 2008 7:12am Jun 10, 2008 7:12am
Quoting samuzowulu
I will like you to personally guide me as I will like to trade forex full time. I am from Nigeria. Graduated as an Architect but studied a became a consultant in IT especially in fixed/ wireless networking and programming in Linux. I could send you my C.V. to your box if you will like. In forex I have been using Peter Bain's systems and have just recently started trading my real account. I have been trading demo for the past 3months
bro in forex im sorry but i cant guide u because i need much guidance myself.

however in IT, networking is by far my best subject so ask away and send me watever through pm or email.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,797
  • Jun 10, 2008 7:15am Jun 10, 2008 7:15am
Quoting nAVIN2007
bro i wont blow my account ....i started in april with £3000 now im at £2006
now i have to get my shit together so i dont blow anymore....but im still doing the same old stuff...my target is 1.98 over next week if need be ..

i cant short now since we exceeded dailly range and are around 61% retracement on bullish move...and very slose to weekly support..wicks on 1 hr also becoming shown ..should start moving up soon....otherwise ill wait till 1.9496 to look for a buy signal ...

i think this just wanting to test the bottom why i have no idea especially after the bullish moves last week..

good luck bro and check out oil its flying so it might cause dollar weakness and hence a bit of a cable push.

"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,798
  • Jun 10, 2008 7:17am Jun 10, 2008 7:17am
Quoting salah k.
bro in forex im sorry but i cant guide u because i need much guidance myself.

however in IT, networking is by far my best subject so ask away and send me watever through pm or email.
Well Which system are you using for your price projection. Are you scalping or position trading?
  • #69,799
  • Jun 10, 2008 7:21am Jun 10, 2008 7:21am
Quoting samuzowulu
Well Which system are you using for your price projection. Are you scalping or position trading?

i just entered long as a scalp and not a position to be held more than today.
tight s/l
risk to rewards 1:2.5
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,800
  • Jun 10, 2008 7:39am Jun 10, 2008 7:39am
Quoting salah k.
i just entered long as a scalp and not a position to be held more than today.
tight s/l
risk to rewards 1:2.5
nice one
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