i wonder what pin is that forming on an active candle...lol
..
Cable Update (GBPUSD)
so you blow your account up up up 
- #70,984
- Jun 16, 2008 8:14am Jun 16, 2008 8:14am
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
Well I blew my account up today too6 lots in at 1.9450 TP hit @ .9650!
Now if i could do this every day!
- #70,985
- Jun 16, 2008 8:23am Jun 16, 2008 8:23am
- | Joined Aug 2006 | Status: Trader | 1,152 Posts
Well I blew my account up today too
Now if i could do this every day!
- #70,987
- Jun 16, 2008 8:29am Jun 16, 2008 8:29am
- | Joined Dec 2007 | Status: Senior Member | 1,461 Posts
Trading is 80% Emotional, 20% Technical
- #70,988
- Jun 16, 2008 8:34am Jun 16, 2008 8:34am
- | Joined Aug 2006 | Status: Trader | 1,152 Posts
So pin bar we would seee 4sure ...time will tell .Max i see GU going north would be 1.9720 ... which will definately nt happen today
even if this candle closed as pin bar, cable will remain long at least till we get bad cpi tomorrow, and predictions are for higher cpi.
- #70,990
- Jun 16, 2008 8:42am Jun 16, 2008 8:42am
- Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
- #70,992
- Jun 16, 2008 9:38am Jun 16, 2008 9:38am
GU have nt convince me still to hold any long position, i would say market would test 1.9720 if tht comes bak i see it hitting 1.9362 else.If it Crossess 1.9720 tomorro then we expect a movie of atleast 1.9800 which i think will not happen and market continues down.. Time will .tell .
- #70,993
- Jun 16, 2008 9:42am Jun 16, 2008 9:42am
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
If we are trading trends and the trend is down, a cursory look at the daily charts would indicate that we are at the top of the channel and a short would be a good bet
Sometimes we look to our 30 second charts with our noses stuck to the screen and we don't observe the big picture
Of course it's necessary to have the bet size and the account funding proportional to ride out the bumps without too much sweat and to leave it running overnight
If the trend/channel breaks then my bet will be lost but I can take that ok
because the account is funded properly and the bet is not a 'get rich quick' bet
ok the wheel is spinning
and trade at very high risk levels.So my entrys have to be such that :-
a) High odds of the trade workings.
b) A defined point where i can generally double up.
c) a Criteria where if the market turns against me I start looking for a exit and there is normally a better price to exit to minimize the loss, but not always.
Shame I over slept today, hard weekend ( no it wasn't drinking )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #70,994
- Jun 16, 2008 12:25pm Jun 16, 2008 12:25pm
- | Joined Aug 2006 | Status: Trader | 1,152 Posts
GU have nt convince me still to hold any long position, i would say market would test 1.9720 if tht comes bak i see it hitting 1.9362 else.If it Crossess 1.9720 tomorro then we expect a movie of atleast 1.9800 which i think will not happen and market continues down.. Time will .tell .
as I see it it might retrace about 50 pips max, if it will, and then the way is up.
it is a short long trend
- #70,995
- Jun 16, 2008 12:54pm Jun 16, 2008 12:54pm
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
Its still holding very well.
as I see it it might retrace about 50 pips max, if it will, and then the way is up.
it is a short long trend
- #70,996
- Jun 16, 2008 1:00pm Jun 16, 2008 1:00pm
- | Membership Revoked | Joined Mar 2005 | 4,703 Posts
If I Go Broke Trying Then I Will die happy.
- #70,997
- Jun 16, 2008 1:04pm Jun 16, 2008 1:04pm
- | Membership Revoked | Joined Mar 2005 | 4,703 Posts
If I Go Broke Trying Then I Will die happy.
- #70,998
- Jun 16, 2008 1:09pm Jun 16, 2008 1:09pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
somewhere around 1.9450 if it hold above 1.9620
Just digging in the trenches like everyone else!
