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Cable Update (GBPUSD)

  • #74,521
  • Jul 3, 2008 1:27pm Jul 3, 2008 1:27pm
Quoting nAVIN2007
im holding till it reaches my targets bro ..but thx for the tip


If your target is below today's low, then it will not get there until we hit 2.02, sorry Navin.

take care bro,
Jamie.
  • #74,522
  • Jul 3, 2008 1:31pm Jul 3, 2008 1:31pm
Quoting Moe
if you trade base on numbers your be broke in a week.
but you are a fundamental trader Moe, so you trade based on numbers, right?
  • #74,523
  • Jul 3, 2008 1:31pm Jul 3, 2008 1:31pm
Quoting AmeriTrini
If your target is below today's low, then it will not get there until we hit 2.02, sorry Navin.

take care bro,
Jamie.

thx for the tip jamie
u know i think your the only person apart from tony that could have made me cash my trade in ......the other one i shall keep as its 0.1 in only now
  • #74,524
  • Jul 3, 2008 1:37pm Jul 3, 2008 1:37pm
Quoting nAVIN2007
thx for the tip jamie
u know i think your the only person apart from tony that could have made me cash my trade in ......the other one i shall keep as its 0.1 in only now
no problem!!........
  • #74,525
  • Jul 3, 2008 1:40pm Jul 3, 2008 1:40pm
Quoting AmeriTrini
but you are a fundamental trader Moe, so you trade based on numbers, right?
Moes not fundemental, he's just old ( in forex terms ) and Wise, sadly you can't teach that to people.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,526
  • Jul 3, 2008 1:51pm Jul 3, 2008 1:51pm
Can you belive it,EURO tanks +200 pips,and Cable just does its normal range.
We should have traded Euro today.
One thing i have noticed,not always,but after NFP day,the trend is usually reversed the following couple of days.
Lets see what friday brings if anything at all .

baz
  • #74,527
  • Jul 3, 2008 2:00pm Jul 3, 2008 2:00pm
Quoting baz
Can you belive it,EURO tanks +200 pips,and Cable just does its normal range.
We should have traded Euro today.
One thing i have noticed,not always,but after NFP day,the trend is usually reversed the following couple of days.
Lets see what friday brings if anything at all .

baz

based on whats happened today ...where u seeing cable heading towards buddy ....still above 2?
  • #74,528
  • Jul 3, 2008 2:07pm Jul 3, 2008 2:07pm
im still here baby
be patient, self-belief and discipline... stay focus...
  • #74,529
  • Jul 3, 2008 2:10pm Jul 3, 2008 2:10pm
Quoting nAVIN2007
based on whats happened today ...where u seeing cable heading towards buddy ....still above 2?
Nav
the way i read charts,the WEEKLY is still bullish,HH,HL,so you expect a retracement along the way.
The 4 hr Tf is testing 1.9800 level,and on my Chart it may form a PIN.
But i normaly take position on LONDON open,so will wait for that.
I closed my LONG,and went short at START of LONDON open today,based on the DAiLY candle that formed yesterday.
As to target,i am not good at predicting,but just let my STOP take me out.
SO i will wait for LONDON OPEN tommorow,and go with the flow and candle pattern.

baz
  • #74,530
  • Jul 3, 2008 2:13pm Jul 3, 2008 2:13pm
close all 6 position. not touching 1.97 this time i think. Cable on the way up to 2 and above again. But that's just me. keep the green.
  • #74,531
  • Jul 3, 2008 2:19pm Jul 3, 2008 2:19pm
Quoting baz
Nav
the way i read charts,the WEEKLY is still bullish,HH,HL,so you expect a retracement along the way.
The 4 hr Tf is testing 1.9800 level,and on my Chart it may form a PIN.
But i normaly take position on LONDON open,so will wait for that.
I closed my LONG,and went short at START of LONDON open today,based on the DAiLY candle that formed yesterday.
As to target,i am not good at predicting,but just let my STOP take me out.
SO i will wait for LONDON OPEN tommorow,and go with the flow and candle pattern.

baz
thx bro
  • #74,532
  • Jul 3, 2008 2:29pm Jul 3, 2008 2:29pm
im waiting baby....
be patient, self-belief and discipline... stay focus...
  • #74,533
  • Jul 3, 2008 2:30pm Jul 3, 2008 2:30pm
Quoting AmeriTrini
If your target is below today's low, then it will not get there until we hit 2.02, sorry Navin.

take care bro,
Jamie.
ahhhhh i see why u say this now ...i guess inorder for short to continue further it would have to break the diagonal trendline to break the uptrend...

thanks again bro ...got it now
  • #74,534
  • Jul 3, 2008 2:33pm Jul 3, 2008 2:33pm
Quoting nAVIN2007
thx bro
NAV
Also a 50% fibo from the LOWS of 23/06/08 to the recent HIghs,and previous ressistance seen at the 1.9800 now MAY become a SUPPORT.

Lets see,for all you know it may tank as well.
Trade Safe
baz
  • #74,535
  • Jul 3, 2008 2:34pm Jul 3, 2008 2:34pm
Quoting radit27
hmm....baby....im out now... long at 1.9815 s/L 1.9797 t/p 1.9962...
i leave my position...hope will go up
come baby im patient now...even you go slower up...baby...
be patient, self-belief and discipline... stay focus...
  • #74,536
  • Jul 3, 2008 2:39pm Jul 3, 2008 2:39pm
Nav looking at this 4H chart is there any other way but up!!?
Attached Image (click to enlarge)
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  • #74,537
  • Jul 3, 2008 2:40pm Jul 3, 2008 2:40pm
be patient, self-belief and discipline... stay focus...
  • #74,538
  • Jul 3, 2008 2:40pm Jul 3, 2008 2:40pm
Quoting baz
NAV
Also a 50% fibo from the LOWS of 23/06/08 to the recent HIghs,and previous ressistance seen at the 1.9800 now MAY become a SUPPORT.

Lets see,for all you know it may tank as well.
Trade Safe
baz

u know it is possible also that this has actually broke out the uptrend channel according to this chart ..
Attached Image (click to enlarge)
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  • #74,539
  • Jul 3, 2008 2:42pm Jul 3, 2008 2:42pm
Quoting Runway Trade
Nav looking at this 4H chart is there any other way but up!!?

yes i know ....have a look at mine... both are conviencing
it could actually go either way ....
  • #74,540
  • Jul 3, 2008 2:47pm Jul 3, 2008 2:47pm
Quoting nAVIN2007
u know it is possible also that this has actually broke out the uptrend channel according to this chart ..

You give the same blank chart to 50 different traders, 25 bullish 25 bearish they will all find different setups to suite there mindset.

And which ever group is right will say yeah there great regardless of the fact they could of easily of been the losing group and next time likely will be.

1000's of ways to interupt it, sadly 99% of them are useless so Keep It Simple!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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