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Cable Update (GBPUSD)

  • #81,141
  • Aug 8, 2008 1:09pm Aug 8, 2008 1:09pm
Quoting nAVIN2007
1 thing i did want to mention to u ..i hope u realised it.

be carefull with the trendlines only take notice of it if it falls with a ristance area or support..i think it might have been the reason why u bought so high up..trendlines can be dangerous..u did the right thing i think closing out..stoping the rot

im in 3 mini lots and running the risk of blowing a fair bit..i will see what happens after weekend and try get out of this mess...

good weekend buddy..
Funny thing is, I don't generally work with any trend lines. Usually trade long on cable. I have been waiting for it to break out down, but was not expecting it this week. (hahaha)... It has certainly brought me back to earth with a crash. I have only closed 2 negative trades in the last 3 months.... And now I've closed ten weeks profit off in one week. Anyway, have fun guys. Enjoy your weekend.
  • #81,142
  • Aug 8, 2008 1:12pm Aug 8, 2008 1:12pm
Euro dropped 329 today. Might have something to do with the cable 290 .
Don't Get Bitter, Get Better
  • #81,143
  • Aug 8, 2008 1:17pm Aug 8, 2008 1:17pm
Quoting DJ4x
Funny thing is, I don't generally work with any trend lines. Usually trade long on cable. I have been waiting for it to break out down, but was not expecting it this week. (hahaha)... It has certainly brought me back to earth with a crash. I have only closed 2 negative trades in the last 3 months.... And now I've closed ten weeks profit off in one week. Anyway, have fun guys. Enjoy your weekend.
i know bro ...like tony said to me ..today is a day u get every once in a while.

i notice with me when i buy at a tough support...it doesnt matter how tough it is ..it will break..its actually quite funny .....oh well i must learn to control the force i possess
  • #81,144
  • Aug 8, 2008 1:19pm Aug 8, 2008 1:19pm
Well guys, I'm out of here. Have a good weekend, recoup, and come back strong. I'll see you guys Monday morning.
Don't Get Bitter, Get Better
  • #81,145
  • Aug 8, 2008 1:20pm Aug 8, 2008 1:20pm
Nomad

look at this chart . blue is 60 ema and red is 200. From my point of you and according to this chart. Price passed 60 and bounced back from it towards 200 ema. Plus MACD also crossed to positive but it on my other chart at home. i think it should go up to 200 ema. But today friday and its end of the day, so i dought it.

http://forexfactory.com/C:\Documents...ures\chart.JPG
  • #81,146
  • Aug 8, 2008 1:20pm Aug 8, 2008 1:20pm
sorry nomad cannot upload image
  • #81,147
  • Aug 8, 2008 1:23pm Aug 8, 2008 1:23pm
theres about 50 million resistances up! and u went long ...at least it a extreme low ...and im one to talk.....be carefull
  • #81,148
  • Aug 8, 2008 1:28pm Aug 8, 2008 1:28pm
Quoting nAVIN2007
theres about 50 million resistances up! and u went long ...at least it a extreme low ...and im one to talk.....be carefull

... i know, also price bounced back from 9225, that is big resistance now , i should of wait but my signals were aligned so i took it
  • #81,149
  • Aug 8, 2008 1:33pm Aug 8, 2008 1:33pm
I just want to say one thing here guys and gals. If you were in the longs and cable was falling out of control, you could have stopped the bleeding by hedging the same amount in the opposite direction until the bleeding stopped. I have done this in dire emergency and it has pulled me out. Have a good weekend and I hope you all weren't hurt to bad, I believe we will come back a bit now, though.

Jim
  • #81,150
  • Aug 8, 2008 1:37pm Aug 8, 2008 1:37pm
You've read my mind Jim that is what I would do in such a position and I used to do that all the time with pretty good results,lol



Quoting hard1head1
I just want to say one thing here guys and gals. If you were in the longs and cable was falling out of control, you could have stopped the bleeding by hedging the same amount in the opposite direction until the bleeding stopped. I have done this in dire emergency and it has pulled me out. Have a good weekend and I hope you all weren't hurt to bad, I believe we will come back a bit now, though.

Jim
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #81,151
  • Aug 8, 2008 1:39pm Aug 8, 2008 1:39pm
Just wanted to chime in,
Beautiful Job Carrera, love the movie !
-What else can you do this time a day, anyway...

You're
either cry/pip sob camp, -or laughing @all if you've won,
or @least glad to have "broke even" it seems!
Hopefully a better week for us next week Navin,
and more pips where they're to be had,
Have 'great wkd,

Jeff
I will work to Objectively Identify my Edges
  • #81,152
  • Aug 8, 2008 1:41pm Aug 8, 2008 1:41pm
If you can not close hedge it works sociologically ,but not in reality as you actually have no position.But it cost nothing cause you would enter the market again anyway,except you could bank some of the opposite direction as well as long as it goes in your favor after you close one of the positions.
I think that makes sense.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #81,153
  • Aug 8, 2008 1:44pm Aug 8, 2008 1:44pm
Quoting nAVIN2007
theres about 50 million resistances up! and u went long ...at least it a extreme low ...and im one to talk.....be carefull

navin u still holding or u quit ?
  • #81,154
  • Aug 8, 2008 1:49pm Aug 8, 2008 1:49pm
Quoting TerpFan2
Just wanted to chime in,
Beautiful Job Carrera, love the movie !
-What else can you do this time a day, anyway...

You're
either cry/pip sob camp, -or laughing @all if you've won,
or @least glad to have "broke even" it seems!
Hopefully a better week for us next week Navin,
and more pips where they're to be had,
Have 'great wkd,

Jeff
I scalped GBP 3 times- EUR 2 times- AUS 3 times, all but 1 winning. I stoppet trading 6 hours ago, not need to stay longer. There is when I loose money, if I get in to the greed thing.
  • #81,155
  • Aug 8, 2008 1:55pm Aug 8, 2008 1:55pm
Quoting Carrera
Well after make xxK, no more trading for me, I stop trading before I give it back to my broker. Free time now.
Carrera, nice job on the cinema. Reminds me of the photomags that were in Spanish way back when. Cuentas de jabon. Have a couple of drinks at Senor Frogs in SJ. Have a good weekend. I'm going to be sweating out hopeful resolution of longs by beginning of the new week. Mas Tarde.

Linqtrader
  • #81,156
  • Aug 8, 2008 1:57pm Aug 8, 2008 1:57pm
hwy carrera , u think the gap will be long or short the sunday ?
any idea guys?
  • #81,157
  • Aug 8, 2008 1:57pm Aug 8, 2008 1:57pm
could someone please post a 15 minute chart with the 60ema & 200ema on it ....can't see where price has come close to the 60ema since U.S. open yesterday...08/07/08

thanks
  • #81,158
  • Aug 8, 2008 2:00pm Aug 8, 2008 2:00pm
Quoting Linqtrader
Carrera, nice job on the cinema. Reminds me of the photomags that were in Spanish way back when. Cuentas de jabon. Have a couple of drinks at Senor Frogs in SJ. Have a good weekend. I'm going to be sweating out hopeful resolution of longs by beginning of the new week. Mas Tarde.

Linqtrader
Cool, when you came back to Puerto Rico, let me know.
TC
  • #81,159
  • Aug 8, 2008 2:01pm Aug 8, 2008 2:01pm
Quoting Carrera

The End

This is the work of a pure comic genius.

Is there a sequel for next week?!
Trading is 80% Emotional, 20% Technical
  • #81,160
  • Aug 8, 2008 2:02pm Aug 8, 2008 2:02pm
Quoting fx local
This the the work of a pure comic genius.

Is there a sequel for next week?!

wahaha nice one carrera
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