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Cable Update (GBPUSD)

  • #70,381
  • Jun 12, 2008 4:42am Jun 12, 2008 4:42am
I close my shor at 1.9500 from 1.9621. Now open a long at 1.9490, SL 1.9450, TP will see next ! Hope to see the roller coaster session ! Don't follow me, I only play a gamble ! My H4 chart says still possible fall till 1.93..
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #70,382
  • Jun 12, 2008 4:42am Jun 12, 2008 4:42am
Will some one please tel cable not to start a ride so early in the morning. If it started 4 hours later we could all have gotten on the train. Gee now even Eur is thinking of going south again. Dont they know it is winter and cold down here. Go north to Nav for the summer!
  • #70,383
  • Jun 12, 2008 4:43am Jun 12, 2008 4:43am
What could possibly stop cable from going down another 100 pips before the news? Perhaps the market is pricing in incredible retail sales numbers... this is utterly ridiculous.
  • #70,384
  • Jun 12, 2008 4:44am Jun 12, 2008 4:44am
Quoting laposta74
Navin, i guess long is good but ur entry is poor. thing you were trying to catch the bottom there. i was thought not to do that sometimes ago. guess it'll be better if you wait for thebig guys to bottome it out and then join the moving train instead of trying to stop one moving in an opposite direction. u should have waited for a good long setup. wish ya all the best.
well i entered on a hamer on 1 hr chart if thats not a signal dont know what is ..actually entery for once was ok but it was a fake signal....

weekly support was the there as well as a s level....surprised it passed it..
  • #70,385
  • Jun 12, 2008 4:46am Jun 12, 2008 4:46am
Quoting laposta74
my trades
GU: short 1.9563
EU: short 1.5429
any ideas? on demo anyway...

GU: TP hit @1.9493. guess i learnt from yeaterdays mistake by waiting patiently till my TP or Traling stop gets hit. i closed my long prematurely yesterday only to see it push past my intial TP.

am trough with GU today. but if anything comes up on EU. be sure i'll take it.
  • #70,386
  • Jun 12, 2008 4:55am Jun 12, 2008 4:55am
Quoting Moe
it will be hard for me to explain becuse my system was pre-build by me a long time ago, the system has pre-define trade set ups that i backtested and program it into my system, so what my system is seeing is something i program years ago so i can't say why it gave me that number, all i do is enter the end of day data in it, and sometime i do it early just to see what it gives me.

You did program your system, and you don't know what it's doing...

You should stop the drugs imho, it starts to impact negatively on your brain
Getting it right is NOT as important as not getting it wrong.
  • #70,387
  • Jun 12, 2008 4:55am Jun 12, 2008 4:55am
i dont even want to think of what might happen to cable if retail sales came in better than expected
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #70,388
  • Jun 12, 2008 4:57am Jun 12, 2008 4:57am
Quoting salah k.
i dont even want to think of what might happen to cable if retail sales came in better than expected
the lower the better ...

i will be worried once 1.93 breaks......
  • #70,389
  • Jun 12, 2008 4:59am Jun 12, 2008 4:59am
Quoting nAVIN2007
the lower the better ...

i will be worried once 1.93 breaks......
i thought u had 2 long positions!!!

ur gona hold 200 pips against u
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #70,390
  • Jun 12, 2008 5:02am Jun 12, 2008 5:02am
Quoting nAVIN2007
well i entered on a hamer on 1 hr chart if thats not a signal dont know what is ..actually entery for once was ok but it was a fake signal....

weekly support was the there as well as a s level....surprised it passed it..
Navin, when i was learning candlestick patterns, i was told hammers need confirmations. so i think another candle is needed to confirm the bullish set up probably a morning star formation or evenning star depending on the initial trend.
  • #70,391
  • Jun 12, 2008 5:03am Jun 12, 2008 5:03am
Quoting salah k.
i thought u had 2 long positions!!!

ur gona hold 200 pips against u
i bought again ..stupid buy but i know the direction of cable....im going to trade like i do on demo no different.....i was profitable, doing what im doing seems to work....so i shall stick to it...

if i blow my account thats life, cant do anything about but learn...
  • #70,392
  • Jun 12, 2008 5:03am Jun 12, 2008 5:03am
Well I was still short from yesterday, draw down was over a 100 pips... i knew this baby would come home... we are going to see it hit 1.9400 area for sure!
  • #70,393
  • Jun 12, 2008 5:04am Jun 12, 2008 5:04am
Actually double bottom on the hour chart, I just seen it, so I have closed out my position for 64 pips.
  • #70,394
  • Jun 12, 2008 5:07am Jun 12, 2008 5:07am
Quoting nAVIN2007
i bought again ..stupid buy but i know the direction of cable....im going to trade like i do on demo no different.....i was profitable, doing what im doing seems to work....so i shall stick to it...

if i blow my account thats life, cant do anything about but learn...
hope no navin
but i think u r taking alot of risk with ur trade
till now we dunno where is the bottom
it may be @ 450 or 430 and maybe not so i think if u were long , one lot is good as risk but not more
try always to kick greedy outa ur account , plus 20 pips or - 20 pips in one trade not a big deal if u can low ur risk
wish u the best bro
  • #70,395
  • Jun 12, 2008 5:09am Jun 12, 2008 5:09am
salah .....right now the price is testing the low of last week, may well be a rejection here and we going up..

200 pips is nothing.....what is important is what u go in at...im in 0.3 mini lot not 10 lots or anything like this..price definately likely to go up from where i bought and based on candle patterns....i dont see the bottom breaking here
  • #70,396
  • Jun 12, 2008 5:10am Jun 12, 2008 5:10am
Quoting fxswing
You did program your system, and you don't know what it's doing...

You should stop the drugs imho, it starts to impact negatively on your brain
there's one thing i do know, this mf kicks out pips day after day month after month year after year , oh yeah can't forget the condo in bahamas
If I Go Broke Trying Then I Will die happy.
  • #70,397
  • Jun 12, 2008 5:11am Jun 12, 2008 5:11am
Quoting warta
hope no navin
but i think u r taking alot of risk with ur trade
till now we dunno where is the bottom
it may be @ 450 or 430 and maybe not so i think if u were long , one lot is good as risk but not more
try always to kick greedy outa ur account , plus 20 pips or - 20 pips in one trade not a big deal if u can low ur risk
wish u the best bro

i go in small till i know what the hell im doing...will take 6 months b4 i think big im in 0.3 lot at different place this is also to lower my risks
  • #70,398
  • Jun 12, 2008 5:11am Jun 12, 2008 5:11am
Long just before the news if it comes down another 30-40 pips seems like a good idea.
  • #70,399
  • Jun 12, 2008 5:12am Jun 12, 2008 5:12am
Quoting Subdude
What could possibly stop cable from going down another 100 pips before the news? Perhaps the market is pricing in incredible retail sales numbers... this is utterly ridiculous.
Don't forget the Irish Lisbon EU referendum taking place today...
It's normal to see eurusd and gbpusd being weaker, the last time when the French and Dutch voted no in 2005, it sent these 2 currencies spiraling down into chaos.

So don't be too surprised to see it happen another time, if the "No" wins...
Getting it right is NOT as important as not getting it wrong.
  • #70,400
  • Jun 12, 2008 5:12am Jun 12, 2008 5:12am
Quoting nAVIN2007
salah .....right now the price is testing the low of last week, may well be a rejection here and we going up..

200 pips is nothing.....what is important is what u go in at...im in 0.3 mini lot not 10 lots or anything like this..price definately likely to go up from where i bought and based on candle patterns....i dont see the bottom breaking here
i hope ur right but still 0.3 lot on a 1000$ account is too much

but good luck and watch out dollar is getting much strength from the recent drop in oil.
"what doesn't bankrupt me, makes me stronger" modern nietzche
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