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Cable Update (GBPUSD)

  • #83,701
  • Aug 22, 2008 10:33am Aug 22, 2008 10:33am
Quoting micho
i agree
i said those things at 2 and 1.93 now we in different water and ass is been chewed hard....best to sit on bench and wait for calm water ...
  • #83,702
  • Aug 22, 2008 10:34am Aug 22, 2008 10:34am
Quoting nAVIN2007
oh really..

i saw a big ass fall .luckly i went work and decided to sit on bench...i hope your out of the long cause this means more fall ..

Please close near the lows of the last four hour candle. I want my long position. Olympics coming to an end, and china getting back to normal. I see this thing going up as people start to focus post olympics on how crappy the US economy really is.


That and the end of August (vacation month) oil should rise again as china gets back to buisness as usual.
  • #83,703
  • Aug 22, 2008 10:40am Aug 22, 2008 10:40am
i got some nice pips this week thank god
still have long way to cover my loss of august hehehe
When life gives you lemons, make lemonade
  • #83,704
  • Aug 22, 2008 10:40am Aug 22, 2008 10:40am
Quoting steelhead
Please close near the lows of the last four hour candle. I want my long position. Olympics coming to an end, and china getting back to normal. I see this thing going up as people start to focus post olympics on how crappy the US economy really is.


That and the end of August (vacation month) oil should rise again as china gets back to buisness as usual.
be carefull with longs....moves like this suggesting we heading deep into downtrend.....i will only think long if theres a doji on monthly or weekly...a signal to suggest a trend change....otherwise id say to u think down...
  • #83,705
  • Aug 22, 2008 10:43am Aug 22, 2008 10:43am
Quoting micho
i got some nice pips this week thank god
still have long way to cover my loss of august hehehe
stay confident and good luck. I think we all know that feeling.
  • #83,706
  • Aug 22, 2008 10:45am Aug 22, 2008 10:45am
Quoting nAVIN2007
i said those things at 2 and 1.93 now we in different water and ass is been chewed hard....best to sit on bench and wait for calm water ...
I totally agree with you Mr. Bro... The best thing is we have main (London/US) 10 sessions per week, we already knew that the trend of the G/U is remain downward at least until the end of this year in a long term so just wait every week and see when it is at least 200 pips up from its previous lows then that is it man jump into it with Short and PT should be atleast 100-150 pips. I didn't say this as I just said it BUT I practically examined this theory this week. This week three times Cable is down for 130, 120 and 200 pips down from its highs.....

I have learned this technique after I lost $133 bugs on Cable this week and $13K in my earlier two weeks of August and guys be patient because take this way; winning one trade with 50-100 pips a week is 1000 times bater than chasing the pips every night and get into the stupid trade and loose your valuable money.
  • #83,707
  • Aug 22, 2008 10:46am Aug 22, 2008 10:46am
Quoting akirax
stay confident and good luck. I think we all know that feeling.
im confident but u still need hope that next month will be better than this one cause this one is really weird
When life gives you lemons, make lemonade
  • #83,708
  • Aug 22, 2008 10:50am Aug 22, 2008 10:50am
[quote=asyed4;2180122]
I have learned this technique after I lost $133 bugs on Cable this week and $13K in my earlier two weeks of August and guys be patient because take this way; winning one trade with 50-100 pips a week is 1000 times bater than chasing the pips every night and get into the stupid trade and loose your valuable money.[/quote]

so true
  • #83,709
  • Aug 22, 2008 10:54am Aug 22, 2008 10:54am
Quoting micho
im confident but u still need hope that next month will be better than this one cause this one is really weird
if you dont already do this, try keeping a journal of your trades. it will help you identify your mistakes. I started keeping one and have identified many bad habits that loose money.

Read your top ten do's and don't trading rules before each trading day.

good luck
  • #83,710
  • Aug 22, 2008 10:59am Aug 22, 2008 10:59am
Quoting nAVIN2007
good weekend buddy...
You do the same!
Just digging in the trenches like everyone else!
  • #83,711
  • Aug 22, 2008 10:59am Aug 22, 2008 10:59am
Quoting nAVIN2007
be carefull with longs....moves like this suggesting we heading deep into downtrend.....i will only think long if theres a doji on monthly or weekly...a signal to suggest a trend change....otherwise id say to u think down...

I would say no. Longs should be really good.

If you were going to short the time for that was 8800 not now.


So thanks but I will be thinking longs at lows of four hour. Keep going short though again makes me feel better about longs.
  • #83,712
  • Aug 22, 2008 11:06am Aug 22, 2008 11:06am
Quoting asyed4
I totally agree with you Mr. Bro... The best thing is we have main (London/US) 10 sessions per week, we already knew that the trend of the G/U is remain downward at least until the end of this year in a long term so just wait every week and see when it is at least 200 pips up from its previous lows then that is it man jump into it with Short and PT should be atleast 100-150 pips. I didn't say this as I just said it BUT I practically examined this theory this week. This week three times Cable is down for 130, 120 and 200 pips down from its highs.....

I have learned this technique after I lost $133 bugs on Cable this week and $13K in my earlier two weeks of August and guys be patient because take this way; winning one trade with 50-100 pips a week is 1000 times bater than chasing the pips every night and get into the stupid trade and loose your valuable money.
200% agree.....who ever said august is a strange trading month was not kidding.
  • #83,713
  • Aug 22, 2008 11:10am Aug 22, 2008 11:10am
Quoting steelhead
I would say no. Longs should be really good.

If you were going to short the time for that was 8800 not now.


So thanks but I will be thinking longs at lows of four hour. Keep going short though again makes me feel better about longs.
good for u .u have to stick to yur own plan...but u have to have noticed that the dailly range always gets exceeded when going down and hardly moving up..just be carefull and trade smart bro..

many pips to u .
  • #83,714
  • Aug 22, 2008 11:13am Aug 22, 2008 11:13am
There seems to be no end. It keeps sliding further and further down. I dont see any sign of reversal yet.
  • #83,715
  • Aug 22, 2008 11:21am Aug 22, 2008 11:21am
Who's wife had a dream of 1.70? She might be onto something with that number.
Just digging in the trenches like everyone else!
  • #83,716
  • Aug 22, 2008 11:24am Aug 22, 2008 11:24am
Quoting nAVIN2007
good for u .u have to stick to yur own plan...but u have to have noticed that the dailly range always gets exceeded when going down and hardly moving up..just be carefull and trade smart bro..

many pips to u .

Thanks man. I dont sell as market is going down I buy as market is going down. Again the time to sell this thing was 300 pips ago not now.

The olympics do have an effect on things. With China being the host nation that is a big reason for these down moves this month.

Now that that is coming to an end. Oil should spike up again.
  • #83,717
  • Aug 22, 2008 11:24am Aug 22, 2008 11:24am
Quoting nAVIN2007
good for u .u have to stick to yur own plan...but u have to have noticed that the dailly range always gets exceeded when going down and hardly moving up..just be carefull and trade smart bro..

many pips to u .
I concur! It appears she wants to close below 1.851x which will be a new lower low.

Didn't you say earlier this month that it was going to 0?
Just digging in the trenches like everyone else!
  • #83,718
  • Aug 22, 2008 11:25am Aug 22, 2008 11:25am
Quoting nAVIN2007
good for u .u have to stick to yur own plan...but u have to have noticed that the dailly range always gets exceeded when going down and hardly moving up..just be carefull and trade smart bro..

many pips to u .

Thanks man. I dont sell as market is going down I buy as market is going down. Again the time to sell this thing was 300 pips ago not now.

The olympics do have an effect on things. With China being the host nation that is a big reason for these down moves this month.

Now that that is coming to an end. Oil should spike up again.

Focus will again be turned to the crappy US economy.
  • #83,719
  • Aug 22, 2008 11:26am Aug 22, 2008 11:26am
Quoting steelhead
Thanks man. I dont sell as market is going down I buy as market is going down. Again the time to sell this thing was 300 pips ago not now.

The olympics do have an effect on things. With China being the host nation that is a big reason for these down moves this month.

Now that that is coming to an end. Oil should spike up again.
Interesting analysis!
Just digging in the trenches like everyone else!
  • #83,720
  • Aug 22, 2008 11:35am Aug 22, 2008 11:35am
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