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Cable Update (GBPUSD)

  • #84,081
  • Aug 26, 2008 6:26am Aug 26, 2008 6:26am
Quoting salah k.
nav buddy
my rules are strict but they are much needed
i say close and lose the 22 pips because the market will not stop after this trade

i entered a buy at 1.8545 and sell @ 1.8526 my hedged loss is £11.28 .. i just never did this b4..i figure we definately downtrend a but some movement up expected retrace..if figure the hedging thing is a option to not get caught ..kinda worked i think
  • #84,082
  • Aug 26, 2008 6:27am Aug 26, 2008 6:27am
Quoting salah k.
hehe man ive been shorting since last time i talked to u online
at 19700
same here!
Trading is 80% Emotional, 20% Technical
  • #84,083
  • Aug 26, 2008 6:32am Aug 26, 2008 6:32am
Quoting ddblue
lsg is doing really well! I talk to him once in awhile. I honestly believe he has a real talent for forex, he can profit in any environment.

And since I've never traded in a trend market before, could I ask what these warning signs look like? I honestly have no idea.
extremely doing welling by following kantors method..I bet he is smiling 2 his +ive swap interest...money...while ignoring the hugh drawdown...I wrote this for hime HERE. and hope he read it..

I told cha..if u trade forex with expectation of earning interest...u better quit.. u have to suffer big mentally burden is just too gr8..for this kind of reward...

here is some example..on EU.how trend ends...at least for D1 TF...

Double top with trend line broken...


but this is easier to say sth than taking action...

sonic
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  • #84,084
  • Aug 26, 2008 6:37am Aug 26, 2008 6:37am
Quoting nAVIN2007
i entered a buy at 1.8545 and sell @ 1.8526 my hedged loss is £11.28 .. i just never did this b4..i figure we definately downtrend a but some movement up expected retrace..if figure the hedging thing is a option to not get caught ..kinda worked i think

dude if its working out then congrats
but i just hate hedging
it keeps a person attached to the hope factor
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #84,085
  • Aug 26, 2008 6:38am Aug 26, 2008 6:38am
Quoting fx local
same here!
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #84,086
  • Aug 26, 2008 6:46am Aug 26, 2008 6:46am
Quoting salah k.
dude if its working out then congrats
but i just hate hedging
it keeps a person attached to the hope factor
what im looking to do know is ...enter another short so i can make 22 pips and that shouldnt be too hard...consumer confidence might do it....cant say its working but it prevented a huge loss...i have to remeber it could be a lot worse
  • #84,087
  • Aug 26, 2008 6:48am Aug 26, 2008 6:48am
Quoting txsr123
First short signal of the day lets see where it goes

entry 58
s/l 87
t/p ?
Well, I eventually got stopped out last night with a trailing stop, at .8425 so not too bad + 123. Its just damn its been a constant sell signal since 12 pm est yesterday. Have to wait for the next set up now.
  • #84,088
  • Aug 26, 2008 6:59am Aug 26, 2008 6:59am
Quoting nAVIN2007
what im looking to do know is ...enter another short so i can make 22 pips and that shouldnt be too hard...consumer confidence might do it....cant say its working but it prevented a huge loss...i have to remeber it could be a lot worse
These are the areas of previous swing lows on the hourly chart the first being that 8406-24 area, they may offer decent resistance (sbr) on any extended pullback particularly if there is the confluence of any fib retraces of meaningful moves down there too, and some hidden(reverse) divergence on the 1hr oscillators.


Just some ideas,
G/L
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ex member
  • #84,089
  • Aug 26, 2008 7:03am Aug 26, 2008 7:03am
Quoting bbmac
These are the areas of previous swing lows on the hourly chart the first being that 8406-24 area, they may offer decent resistance (sbr) on any extended pullback particularly if there is the confluence of any fib retraces of meaningful moves down there too, and some hidden(reverse) divergence on the 1hr oscillators.


Just some ideas,
G/L
thx bro
  • #84,090
  • Aug 26, 2008 7:05am Aug 26, 2008 7:05am
Guys I refuse to look at the charts because I'm trying to reduce my stress levels, but I'm currently short GBP/USD and I'm getting antsy.
Do you think the karate kid knows kung-fu?
  • #84,091
  • Edited 7:39am Aug 26, 2008 7:35am | Edited 7:39am
Intraday: Mni had highlighted 8330 as holding 'medium bids' the 8332 being the 1.618 ext of '..1158/9339 from 0151' according to their tech update.

You have to go to the Mthly chart to see the last significant previous swing highs that may offer any support (rbs) on any continued fall in this pairing, starting at 7357 area, with 3 fibs of longer term upmoves before that; 8307 [38.2% 3680-1162,] 8021 [76.4% 7031-1162] and 7423 [76.4% 7031-1162]

Back to intraday and mni saying 8330 bids still remain with interest at 8310/00 8300 possibly holding an option barrier, below this and 8291 is a tech area, another 1.618ext, and 8380/65 said to hold minor demaind interest.
ex member
  • #84,092
  • Aug 26, 2008 7:39am Aug 26, 2008 7:39am
Quoting ddblue
Guys I refuse to look at the charts because I'm trying to reduce my stress levels, but I'm currently short GBP/USD and I'm getting antsy.
where did u shorted??

a clear short should taken place 1.8402 lvl..
In DT, correction are xpected... and hopefully 10 AM ESt data will fire up USD even more....


sonic
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  • #84,093
  • Aug 26, 2008 7:58am Aug 26, 2008 7:58am
Hurricane Gustav looks to be heading straight for the oil fields in the Gulf of Mexico...................

Oil looks to be starting to spike up.

Long @ 8372
  • #84,094
  • Aug 26, 2008 8:05am Aug 26, 2008 8:05am
I'm long at 1,8366. Morning star formation on H1.
  • #84,095
  • Aug 26, 2008 8:11am Aug 26, 2008 8:11am
shorts still in play i think - looking at the houriles, nothing giving a long signal yet...
  • #84,096
  • Aug 26, 2008 8:16am Aug 26, 2008 8:16am
Quoting magictrader
I'm long at 1,8366. Morning star formation on H1.
hi there, i could be wrong, but i think the morning star formation you are talking about isn't really well supported but other indicators such as the macd, rsi etc. i wouldnt give it much weight on its own...just a suggestion of course.
  • #84,097
  • Aug 26, 2008 8:19am Aug 26, 2008 8:19am
How low or high could price go?

I have hear that question probably more than 1,000 times. If you are scalping, you won't need to know the answer. You go for quick pips in and out and that's it. Best way try to enter in a retracement but for scalpers, this is not big deal.

IF you are a day trader, well you should know how far price could move.

Everybody know that my trading is all about harmonic patterns and fibos. Patterns are the formation of the crow psychology specialy the harmonics one and Fibos are the numbers of everything in the nature made by God or mens.

So I use that to answer the question at the top. I use patterns and fibos and here are some samples.

First check my analisys here ---> #81224 and here ---> #81225 from Aug. 10.

Now how do I get in the market where some call it crazy, unstable, unpredictable, so, so ...

Here are my trades entries from yesterday.

As my signature said...
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  • #84,098
  • Aug 26, 2008 8:29am Aug 26, 2008 8:29am
Well put together Carrera.

Now oil is in play.
  • #84,099
  • Aug 26, 2008 8:30am Aug 26, 2008 8:30am
Quoting Carrera
How low or high could price go?

I have hear that question probably more than 1,000 times. If you are scalping, you won't need to know the answer. You go for quick pips in and out and that's it. Best way try to enter in a retracement but for scalpers, this is not big deal.

IF you are a day trader, well you should know how far price could move.

Everybody know that my trading is all about harmonic patterns and fibos. Patterns are the formation of the crow psychology specialy the harmonics one and Fibos are the numbers of everything in the nature made by God or mens.

So I use that to answer the question at the top. I use patterns and fibos and here are some samples.

First check my analisys here ---> #81224 and here ---> #81225 from Aug. 10.

Now how do I get in the market where some call it crazy, unstable, unpredictable, so, so ...

Here are my trades entries from yesterday.

As my signature said...
good stuff ..where did u place the stop loss buddy?.im haveing problem with this
actually no need to answer this..i see it on the chart
  • #84,100
  • Aug 26, 2008 8:38am Aug 26, 2008 8:38am
hi

if us news comes bad to dollar and cable go up .... there is area between 1.8420 to 1.8465 if cable not broke it will fall hardly
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