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Cable Update (GBPUSD)

  • #71,781
  • Jun 20, 2008 11:29am Jun 20, 2008 11:29am
Nav been around this week ???
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #71,782
  • Jun 20, 2008 11:29am Jun 20, 2008 11:29am
Quoting Turveyd
Shorting in a upward market is risky as if the price moves against you and your unwilling to exit it can get nasty ofcourse, 80% of the time it's going to continue in it's direction, so you've got a 1:5 shot at making more than a scalp!!

My systems became very much, markets going up, I have SMA levels where the odds are the price will reject and continue higher, I get in, if it fails I'll double up at the next SMA line, then add again at the next, below that the trends reversed and it's time to bail.

Hence, 11 wins in a row, but I fully accept with this, when I take a Loss it's going to SUCK!!!! if last line woulda broken i'd of took a 25% account loss, but I made 10% and I'm suffering no draw downs so far!!

If it looks really ugly I'll bail early stages so the 25% hit should be rare!!

Good thing I am not shorting in an upward trend then.
  • #71,783
  • Jun 20, 2008 11:35am Jun 20, 2008 11:35am
Quoting Turveyd
Nav been around this week ???
no man he hasnt been around for some time now
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #71,784
  • Jun 20, 2008 11:50am Jun 20, 2008 11:50am
Quoting steelhead
Good thing I am not shorting in an upward trend then.

Upward trend to my system
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #71,785
  • Jun 20, 2008 11:51am Jun 20, 2008 11:51am
Quoting salah k.
no man he hasnt been around for some time now
Might of dropped below 2K account value where he planned to give up if so, SUCKS!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #71,786
  • Jun 20, 2008 12:09pm Jun 20, 2008 12:09pm
Quoting Turveyd
Upward trend to my system


what system would that be, common sense?
  • #71,787
  • Jun 20, 2008 12:20pm Jun 20, 2008 12:20pm


good sense = best indicators in the world
bad sense = worst indicators in the world
i dont know about common sense
I Deeply Love My Virtual Life In Virtual World , RLC
  • #71,788
  • Jun 20, 2008 12:31pm Jun 20, 2008 12:31pm
Quoting salah k.
no man he hasnt been around for some time now
well salah everything is possible really and i do believe , well 2 days ago i saw an articles talking about the new release of a water motor in japan , so u need only 1 liter of water to run for 1 h with a speed of 80 km / h
no need oil no need electricity , no need shit lol all what you nead is 1 L of water , any water ever u can use tea if you dont have pure water so i think we start with a new generations ands we will say byebye oil and byebye gulf countries whom based on oil economics
  • #71,789
  • Jun 20, 2008 12:39pm Jun 20, 2008 12:39pm
Well Salah K did you get to test that indicator I dropped for you ? If you did not find it, check all posts by me for the past 4 days
  • #71,790
  • Jun 20, 2008 12:46pm Jun 20, 2008 12:46pm
Quoting warta
well salah everything is possible really and i do believe , well 2 days ago i saw an articles talking about the new release of a water motor in japan , so u need only 1 liter of water to run for 1 h with a speed of 80 km / h
no need oil no need electricity , no need shit lol all what you nead is 1 L of water , any water ever u can use tea if you dont have pure water so i think we start with a new generations ands we will say byebye oil and byebye gulf countries whom based on oil economics
hope ur right
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #71,791
  • Jun 20, 2008 12:48pm Jun 20, 2008 12:48pm
Quoting warta
well salah everything is possible really and i do believe , well 2 days ago i saw an articles talking about the new release of a water motor in japan , so u need only 1 liter of water to run for 1 h with a speed of 80 km / h
no need oil no need electricity , no need shit lol all what you nead is 1 L of water , any water ever u can use tea if you dont have pure water so i think we start with a new generations ands we will say byebye oil and byebye gulf countries whom based on oil economics

It's possible ofcourse to extract the hydrogen from water, but to extract it efficiently enough that you get more out than you put in is a different story, I don't think this has been done yet.

Not saying the car didn't/won't work, just it likely had a full battery at the start and a empty 1 after 1 hour infact it likely had a few batterys, abit of a cheat.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #71,792
  • Jun 20, 2008 12:57pm Jun 20, 2008 12:57pm
guys check this link

http://www.reuters.com/news/video?videoId=84561

The car has an energy generator that extracts hydrogen from water that is poured into the car's tank. The generator then releases electrons that produce electric power to run the car. Genepax, the company that invented the technology, aims to collaborate with Japanese manufacturers to mass produce it.
  • #71,793
  • Jun 20, 2008 12:57pm Jun 20, 2008 12:57pm
Quote
Upward trend to my system

Quote
Good thing I am not shorting in an upward trend then.

The beauty of FX!

Well my 2 cents is if your looking at the daily chart, were still in an obvious down trend.

I'm expecting the cable to drop, I'm short 1.9740, 1.9780, if it touches 1.9800 i'll add to my short. I'm looking for at least 1.9550 area

Cheers, happy trading
  • #71,794
  • Jun 20, 2008 1:04pm Jun 20, 2008 1:04pm
Quoting Cdawg
The beauty of FX!

Well my 2 cents is if your looking at the daily chart, were still in an obvious down trend.

I'm expecting the cable to drop, I'm short 1.9740, 1.9780, if it touches 1.9800 i'll add to my short. I'm looking for at least 1.9550 area

Cheers, happy trading
Just digging in the trenches like everyone else!
  • #71,795
  • Jun 20, 2008 1:30pm Jun 20, 2008 1:30pm
Quoting Cdawg
The beauty of FX!

Well my 2 cents is if your looking at the daily chart, were still in an obvious down trend.

I'm expecting the cable to drop, I'm short 1.9740, 1.9780, if it touches 1.9800 i'll add to my short. I'm looking for at least 1.9550 area

Cheers, happy trading

Ahhhh, daily chart trend is too inefficient for my likings, I'm interested in solely intraday trend, which I guage off SMA lines, above the line and live going up is uptrend, nice and simple.

Check out my system, failing on the lower line woulda had me exiting for a huge loss, the downside!!! but it beats being nickeled and dimed.

And I think I'm sticking to this plan, still very much scalpy try not to less the market move again me, if in profit I'll kill it and wait rather than risk going negative for instance.
Attached Image (click to enlarge)
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Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #71,796
  • Jun 20, 2008 2:48pm Jun 20, 2008 2:48pm
Quoting samuzowulu
Well Salah K did you get to test that indicator I dropped for you ? If you did not find it, check all posts by me for the past 4 days
i just downloaded it
thnx
i'll test it this week
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #71,797
  • Edited 4:04pm Jun 20, 2008 2:58pm | Edited 4:04pm
My approach is the attached.

Only just had a chance to check in just a min ago the higher buy was a resting order was looking for the weekly falling TL to break.
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #71,798
  • Jun 21, 2008 12:43am Jun 21, 2008 12:43am
I am back on Wednesday night from my family vacation and the very first thing I checked my 3 lots that were lined up with long positons at 1.9592 and 1.9594 and two of them were closed with + pips and one of them was closed by Thursday afternoon.

I see most of the times it is better to close the current positions successfully but if you are stuck then one thing I learned last week is that strong your account and put SL a very far from the current position and PT is also very far from the current position and have a deep breath and turn off your computer if you are leaving for a week or so.

And that is why I did on last Friday and with the help of Allah (GOD) when I came back all of my lots by Thursday closed out successfully.

This week Cable had all news were good and that is why Cable went towards at the top. We will see next week, there is only one Nationwide red news of UK and one major news of US (Intererest rate). If they leave the interest rate is unchanged then the pair (G/U) will go down and if the Nationwide house price comes out negative then the pair would also go down. If the Euro goes up because of oil goes up and if the Nation wide house price comes out in green then the Cable could go back to its current hight and exceeds 2.0000. These possibilities are based on the fundamentals and according to the daily chart the G/U is still on the downward side. What do you guys think ??????

Alqaz.
  • #71,799
  • Jun 21, 2008 2:11am Jun 21, 2008 2:11am
steelhead what chart setup prompt u to short g\u

Quoting steelhead
shorts were good today if you knew where to take them. I took a short at close of four hour candle around 1.9780. It was a great setup.



Again folks charts charts charts. Read them they paint the picture. Just say no to indicators
  • #71,800
  • Jun 21, 2008 3:45am Jun 21, 2008 3:45am
i think on monday GU will retrace down to 1.9633, just wait n see
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