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Cable Update (GBPUSD)

  • #84,961
  • Aug 29, 2008 10:41am Aug 29, 2008 10:41am
Quoting hipcio
Forget about forex during the weekend, have it nice and peaceful,

best wishes
  • #84,962
  • Aug 29, 2008 10:42am Aug 29, 2008 10:42am
Quoting nAVIN2007
good to hear from u bro...yes im guilty of same thing...when we were going up, we dreaming of the shorts to go deep now we deep we looking for the sky...common thing really...we in soceity always looking to buy cheap and sell high, i guess this is why trading always have buyers and sellers..

anyways good luck next month and keep the pips in the pocket
Well... enjoy your weekend. Catch up with you guys next week
  • #84,963
  • Aug 29, 2008 10:47am Aug 29, 2008 10:47am
Quoting Infinity
Yo......
I made it through the storm.....

That was some scary shit but all is good. I had a short order at 9350 that was missed but I still got about 80 short pips this morning. I have some cleaning up to do so I'm done trading for today..Happy pippin to all and enjoy your weekend...

Be safe...
good to see yur ass didnt get blown away ...and still made pips in a hurricaine...thats a testiment to yur skills ..i like it!
  • #84,964
  • Aug 29, 2008 10:49am Aug 29, 2008 10:49am
Quoting steelhead
Eohater I'm not sure how i post charts on here. In the tech arena I lack experience.
Check your pm.
Just digging in the trenches like everyone else!
  • #84,965
  • Aug 29, 2008 10:49am Aug 29, 2008 10:49am
Quoting eohater
She's digging deeper. Possible hit 1.819x
Is there any steam left in the move? It's Friday and 11:50 est.
Just digging in the trenches like everyone else!
  • #84,966
  • Aug 29, 2008 10:50am Aug 29, 2008 10:50am
Quoting Infinity
Yo......
I made it through the storm.....

That was some scary shit but all is good. I had a short order at 9350 that was missed but I still got about 80 short pips this morning. I have some cleaning up to do so I'm done trading for today..Happy pippin to all and enjoy your weekend...

Be safe...
I didn't find any of your money flying around up here, but I'm glad to see you survived the storm.

Have a great weekend!
Just digging in the trenches like everyone else!
  • #84,967
  • Aug 29, 2008 10:52am Aug 29, 2008 10:52am
dollar index inline for its strongest monthly close since 1992...
Trading is 80% Emotional, 20% Technical
  • #84,968
  • Aug 29, 2008 11:02am Aug 29, 2008 11:02am
I ended up buying at 1.8187 at the close of the four hour candle.


We will see what happens. It's friday so don't know what will happen.
  • #84,969
  • Aug 29, 2008 11:11am Aug 29, 2008 11:11am
Quoting Infinity
Yo......
I made it through the storm.....

That was some scary shit but all is good. I had a short order at 9350 that was missed but I still got about 80 short pips this morning. I have some cleaning up to do so I'm done trading for today..Happy pippin to all and enjoy your weekend...

Be safe...
Glad to hear you made it through the storm bro, I pray that everyone is safe, I hope the new one doesn't even come close to Jamaica....

......Bless,
  • #84,970
  • Aug 29, 2008 11:16am Aug 29, 2008 11:16am
Quoting steelhead
Let's review long positions and what was possible pips this week.


Sunday/Monday we got a close of four hour candle at 1.8413 it rose to 1.8590 Possible 173 pips

Tuesday: got close of four hour candle at 1.8345 with a rise to 1.8489 possible pips 144

Wed: close of four hour candle at 1.8314 closing near the lows of the sunday close of 1.8314 or so. Rose to 1.8400 possible 86 pips.

thursday: close of candle around 1.8250 with a rise to 1.8341 possible pips 91.

That is a possible 494 pips this from following simple rules for entering a trade. Most those trades had little or no drawdown.

4 trades this week meaning You wouldnt have to sit in front of your computer all day. Wait for the market to come to you and take the trade.

One thing to keep in mind is the time of day. I only trade the London and New York session mainly with few exceptions.

I really doubt that anyone can say there system yielded almost 500 pips on one currency. If you can say your system did I know it wasnt in four trades. Most likely 10-12 trades or more.You could have literally pounded the pound this week.
anyone can call trades once they see the past charts setup, why don't you post an account statement, I seriously doubt you did this. Even the oldest and most recognized trading firm advises against trading the countertrend, rather selling into the rallies. You are a joker!!!, nothing more.
  • #84,971
  • Aug 29, 2008 11:20am Aug 29, 2008 11:20am
Quoting AmeriTrini
anyone can call trades once they see the past charts setup, why don't you post an account statement, I seriously doubt you did this. Even the oldest and most recognized trading firm advises against trading the countertrend, rather selling into the rallies. You are a joker!!!, nothing more.

you are so funny. I posted that i took the trade all week before it went up so nice try. Do yourself a favor go read the posts.
  • #84,972
  • Aug 29, 2008 11:40am Aug 29, 2008 11:40am
Quoting steelhead
you are so funny. I posted that i took the trade all week before it went up so nice try. Do yourself a favor go read the posts.

seems that this website is becoming more and more littered with TRASH, I found a much better one and as a result will hardly post here anymore.
  • #84,973
  • Aug 29, 2008 11:47am Aug 29, 2008 11:47am
Quoting AmeriTrini
seems that this website is becoming more and more littered with TRASH, I found a much better one and as a result will hardly post here anymore.
Check your pm please
Please ask questions and share your experiences with us all!
  • #84,974
  • Aug 29, 2008 11:53am Aug 29, 2008 11:53am
Quoting steelhead
I ended up buying at 1.8187 at the close of the four hour candle.


We will see what happens. It's friday so don't know what will happen.
wheres ur stop and pl seems market keeps moving lower and lower at this stage
Trading is 80% Emotional, 20% Technical
  • #84,975
  • Aug 29, 2008 11:59am Aug 29, 2008 11:59am
i am laughing and laughing and laughing watching this weird pound in this weird month and thanking god for not holding any longs now....

i mean, is it for real? is this forex or what?? where are the supports? resistances? do they exist at all anymore lol lol
When life gives you lemons, make lemonade
  • #84,976
  • Aug 29, 2008 12:02pm Aug 29, 2008 12:02pm
Quoting fx local
wheres ur stop and pl seems market keeps moving lower and lower at this stage

Local I got stopped out at break even. Being friday when I got up 25 pips put stop at entry and got stopped out.

Its friday so i didnt want to mess with it to much. Ameritrini is all about hate.

I don't have to prove anything to people like that. Again read the posts that were posted long before cable went up everytime.

I will look for another entry when market opens.
  • #84,977
  • Aug 29, 2008 12:05pm Aug 29, 2008 12:05pm
Quoting steelhead
Local I got stopped out at break even. Being friday when I got up 25 pips put stop at entry and got stopped out.

Its friday so i didnt want to mess with it to much. Ameritrini is all about hate.

I don't have to prove anything to people like that. Again read the posts that were posted long before cable went up everytime.

I will look for another entry when market opens.
No, I am all about not dealing with people who has been trading for 2 weeks!! HEAD OF STEEL!!
  • #84,978
  • Aug 29, 2008 12:05pm Aug 29, 2008 12:05pm
welcome to the new age of forex as you can see attached is the chart of the new pattern of GBPUSD, down trend candles highlighted in bold
Attached Image
When life gives you lemons, make lemonade
  • #84,979
  • Aug 29, 2008 12:07pm Aug 29, 2008 12:07pm
Quoting micho
i am laughing and laughing and laughing watching this weird pound in this weird month and thanking god for not holding any longs now....

i mean, is it for real? is this forex or what?? where are the supports? resistances? do they exist at all anymore lol lol

yeah i know what u mean i took a chance to go long right where hardsteall thought was a bottom it even broke the wedge when i went long...i know i should go against the trend ....but for F*ck sake...when ever i do something its like it amplifies the opposite reaction...i feel like god upstairs dont want me to trade..i just cant believe it ...
  • #84,980
  • Aug 29, 2008 12:09pm Aug 29, 2008 12:09pm
Quoting micho
welcome to the new age of forex as you can see attached is the chart of the new pattern of GBPUSD, down trend candles highlighted in bold
i like this trend
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