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Cable Update (GBPUSD)

  • #78,021
  • Jul 28, 2008 2:53am Jul 28, 2008 2:53am
Quoting belekas
Not right now i think. We are near dayly ascending channels LTL and support. Im buying on the touch of this LTL, like a few pips below @ S1. If price reaches this level ill be in with very good price. Then a bounce up and break of the 4hr flag/channel and north we go hehe

Just my 2 cents...
I went ahead and closed my short at Seems to be a resistance here.
  • #78,022
  • Jul 28, 2008 2:56am Jul 28, 2008 2:56am
i stand aside and watch what is gonna happen
got 38 pips earlier
When life gives you lemons, make lemonade
  • #78,023
  • Jul 28, 2008 2:58am Jul 28, 2008 2:58am
This is an EW power.
Long setup is almost there.
lets see

Attached Image
  • #78,024
  • Jul 28, 2008 2:58am Jul 28, 2008 2:58am
Currently still holding short...price is currently moving short nicely....
Up 48 pips

looking for 9828....then 9815 ...and last 9771..

I will be a hawk watching price at this places....

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd1.gif Size: 37 KB
  • #78,025
  • Jul 28, 2008 3:02am Jul 28, 2008 3:02am
I have closed with 30 pips.....goodway to start the week....
goodnight guys dont like the fact price could not close below swing low


Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd1.gif Size: 36 KB
  • #78,026
  • Jul 28, 2008 3:03am Jul 28, 2008 3:03am
Price missed buy buylimit by a few pips and bounced nicely from the LTL of dayly ascending channelLets see if it takes off or comes back to test the LTL once more, or support.
  • #78,027
  • Jul 28, 2008 3:04am Jul 28, 2008 3:04am
Went ahead and went short again at 198.65. Looking for another 30 pips or so.
  • #78,028
  • Jul 28, 2008 3:05am Jul 28, 2008 3:05am
Quoting Seaward22
Went ahead and went short again at 198.65. Looking for another 30 pips or so.
Just be carefull or youll get burned trading this way.
  • #78,029
  • Jul 28, 2008 3:08am Jul 28, 2008 3:08am
Quoting belekas
Just be carefull or youll get burned trading this way.
Everytime I go for 100 pips or so it reverses. I have to sit and watch it do this countless amount of times. Whats the normal amount of pips to go for?
  • #78,030
  • Jul 28, 2008 3:10am Jul 28, 2008 3:10am
Long orders at 19832 and at 19812 SL below figure.
Good luck
  • #78,031
  • Jul 28, 2008 3:11am Jul 28, 2008 3:11am
Quoting Seaward22
Everytime I go for 100 pips or so it reverses. I have to sit and watch it do this countless amount of times. Whats the normal amount of pips to go for?
Never set an amount....let price show whents right to get in an out.....theirs nights I could get 100 theirs night I make 10....dont force the market into any amount.
Also dont have a bias goodnight guys...
I will see if I start posting my trades more often.
Later
  • #78,032
  • Jul 28, 2008 3:18am Jul 28, 2008 3:18am
Quoting 5ysfx
Long orders at 19832 and at 19812 SL below figure.
Good luck
Care to post a chart for everybody? We need a spike down thru dayly ascending channels LTL to touch .9832, but as from my point of view the price is very good to buy cable if it gets there. I see support @ ~ .9831. Your SL is good, and you might also add reverse order at the same price, just in case it breaks ;-)
  • #78,033
  • Jul 28, 2008 3:20am Jul 28, 2008 3:20am
i think most of the people here trade forex in a weird way. they just open a trade and wait until the tp to be hit... i dont think that is safe at all
When life gives you lemons, make lemonade
  • #78,034
  • Jul 28, 2008 3:22am Jul 28, 2008 3:22am
I would only be thinking about going long with this pair, unless it broke 9850.
  • #78,035
  • Jul 28, 2008 3:24am Jul 28, 2008 3:24am
Quoting micho
i think most of the people here trade forex in a weird way. they just open a trade and wait until the tp to be hit... i dont think that is safe at all
Hehe thats the sad thruth about this, also here seems everybody is making money but for real...i think you know the answer
  • #78,036
  • Jul 28, 2008 3:26am Jul 28, 2008 3:26am
Quoting micho
i think most of the people here trade forex in a weird way. they just open a trade and wait until the tp to be hit... i dont think that is safe at all
I open a trade and put in a target 50% of the time. I sit and stare at the graphs so I can afford to close manually. But when you are trading most pairs short term for 20-50 pips, targets are a must.
  • #78,037
  • Jul 28, 2008 3:28am Jul 28, 2008 3:28am
Quoting Clouds
I would only be thinking about going long with this pair, unless it broke 9850.
Yes, buy from LTL of dayly ascending channel...Sell was from the UTL of 4hr descending channel. Keep it simple guys and dont jump the gun ;-)
  • #78,038
  • Jul 28, 2008 3:28am Jul 28, 2008 3:28am
Quoting belekas
Hehe thats the sad thruth about this, also here seems everybody is making money but for real...i think you know the answer
well, I have consistently lost money in forex, principally through indiscipline and impatience. I'm learning from my mistakes and that's worth every £ I've lost so far.
TRADE FOR SWAP
  • #78,039
  • Jul 28, 2008 3:33am Jul 28, 2008 3:33am
Quoting belekas
Hehe thats the sad thruth about this, also here seems everybody is making money but for real...i think you know the answer
yeah, but i dont tend to doubt in people because i never lie... i am making profits.. but i dont just open an order like that and wait for the tp to be hit. its so dangerous!!!!! and they dont realize that until they lose alot
When life gives you lemons, make lemonade
  • #78,040
  • Jul 28, 2008 3:33am Jul 28, 2008 3:33am
Quoting cgldsmth
well, I have consistently lost money in forex, principally through indiscipline and impatience. I'm learning from my mistakes and that's worth every £ I've lost so far.
Consider it learning fee everybody had to pay in that phase ;-)
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