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Cable Update (GBPUSD)

  • #75,641
  • Jul 11, 2008 1:31am Jul 11, 2008 1:31am
Quoting nAVIN2007


Im good bro ...made 180 pips this week .....trying to build my account back up, so far got back 20% of my losses so its going in the right direction
Don't Get Bitter, Get Better
  • #75,642
  • Jul 11, 2008 1:36am Jul 11, 2008 1:36am
Quoting nAVIN2007
oh im pissed wanted to see 1.99 just so i can place my short ...
for any1 lokking for longs....look at the weekly and see the diverence building up...this is seting up for a massive fall, all next week we may be falling..

im not in a trade right now as i got no entry
Nav dont you pls want ot post a chart on the divergance, I dont see it on MACD weekly. If anything I see positve div. on weekly??
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  • #75,643
  • Jul 11, 2008 1:38am Jul 11, 2008 1:38am
Quoting nAVIN2007


Im good bro ...made 180 pips this week .....trying to build my account back up, so far got back 20% of my losses so its going in the right direction
Great job man. Hello everybody, hope we will have nice last trading day in this week. I am back on 65% of my account, so hope we are both in the right direction
-- There's no winner without lose --
  • #75,644
  • Jul 11, 2008 1:39am Jul 11, 2008 1:39am
mann... short since 9700 and play around with the SL... and now it goes back down... let's see whether the next few hours can make me breakeven or not... otherwise I'll cut my loss..
Be a sniper not a jumper
  • #75,645
  • Edited 1:51am Jul 11, 2008 1:39am | Edited 1:51am
Quoting Moe
sounds like your finaly getting the hang of things.
sort of .....still have a long way to go b4 im the same as demo but im improving for sure......im just not allowing my target to reach...i keep exiting excellent trades because i want to be sure rather than sorry ..taking 25 pips instead of 50 or 100 ....

but i guess this is something which better come with time...
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  • #75,646
  • Jul 11, 2008 1:43am Jul 11, 2008 1:43am
Just woke up here, no news till 1:30pm, range bound so play the range i guess until further notice.

My Rangers are defined as M1 BB 90,3 and BB 180,3.

And we wait!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #75,647
  • Jul 11, 2008 1:49am Jul 11, 2008 1:49am
Quoting Runway Trade
Nav dont you pls want ot post a chart on the divergance, I dont see it on MACD weekly. If anything I see positve div. on weekly??

its still got a long way to go but think it will show bearish diverence by the end of sunday .....and also assuming we stay in this range the bullish effects of the week are gone according to the weekly, it would suggest a further test of 1.9650 and based on a rejecting perhaps a bullish move but not b4 i think


assuming we say in this range or move down today
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  • #75,648
  • Jul 11, 2008 1:54am Jul 11, 2008 1:54am
looks like we need to go deeper than 9755 to maintain the short chance... otherwise the bull will take charge...
Be a sniper not a jumper
  • #75,649
  • Jul 11, 2008 2:22am Jul 11, 2008 2:22am
1 hr chart.....
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  • #75,650
  • Jul 11, 2008 2:28am Jul 11, 2008 2:28am
dailly chart same lines
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  • #75,651
  • Jul 11, 2008 2:33am Jul 11, 2008 2:33am
Quoting nAVIN2007


Im good bro ...made 180 pips this week .....trying to build my account back up, so far got back 20% of my losses so its going in the right direction

good to hear you are back on track. keep it Hard and Green
  • #75,652
  • Jul 11, 2008 2:40am Jul 11, 2008 2:40am
Quoting nAVIN2007
dailly chart same lines
I would go with the bearish flag, been short since London open.
Price has been contained below the daily 100 sma so far.

The only thing thats scarying me right now though is the oil price.
If it's too good to be true, it probably is.
  • #75,653
  • Jul 11, 2008 2:43am Jul 11, 2008 2:43am
Quoting laposta74
good to hear you are back on track. keep it Hard and Green
thank u bro ....u too ..main thing is when market is like this dont enter ..this is known as macd neutralization, market is releiving it itself to make another big move
  • #75,654
  • Jul 11, 2008 2:57am Jul 11, 2008 2:57am
crude oil where the money to be had, $10 move in two days, now that a market that moves!! sorry forgot to mention gold also, cable seems to have died with very limited moves now, small risk reward trades, BoE recognise overall weak sterling is helping them in form of monetary easing, allowing to keep rates at 5%, so for them this tight stable range in cable is good. boring for short term trader, unless u dramatically increase ur size to make up for the shortfall in pips available with is an option i guess
Trading is 80% Emotional, 20% Technical
  • #75,655
  • Jul 11, 2008 3:15am Jul 11, 2008 3:15am
Quoting nAVIN2007


Im good bro ...made 180 pips this week .....trying to build my account back up, so far got back 20% of my losses so its going in the right direction
Hello nAVIN, I'm glad you are doing better.
Keep those pips coming back to you, 20% back is great. Besides, your charts are looking very good.

Take care

PD. I was trying to send you this by PM but your inbox is full, nned a little room.
  • #75,656
  • Jul 11, 2008 3:21am Jul 11, 2008 3:21am
everything (majors, comodities, oil) is dumping the USD - but price action in GBP suggests there is not a SINGLE big buyer and only cross related push

GBP price action looks VERY weak
  • #75,657
  • Jul 11, 2008 3:25am Jul 11, 2008 3:25am
Quoting nAVIN2007


Im good bro ...made 180 pips this week .....trying to build my account back up, so far got back 20% of my losses so its going in the right direction
thats good bro, well done, the only way we can learn this stuff is via losing and then evaluting and moving on so keep it up the good work...
Trading is 80% Emotional, 20% Technical
  • #75,658
  • Jul 11, 2008 4:05am Jul 11, 2008 4:05am
Nav he who dares wins!! Thats the attitude!!
Ofcourse the real SAS saying is check it and check it again, likely a wiser idea for trading to
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #75,659
  • Jul 11, 2008 4:29am Jul 11, 2008 4:29am
On 4hr we definetly have a bearish flag. Now on 1hr chart notice the bulls are fighting with the bears and we already have 1hr close above the descending channels UTL, so this might travel to the acending channels UTL marked in flat-black, but we still are mooving in a little 45pip channel from yesterday. If the LTL of the accending channel breaks then the 4hr bearish flag comes into play.
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  • #75,660
  • Jul 11, 2008 4:29am Jul 11, 2008 4:29am
Hello Everybody.....
Well done to all those guys that closed long, short and well also nothing. What a crappy trading day.
Have fun
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