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Cable Update (GBPUSD)

  • #85,101
  • Aug 31, 2008 8:24pm Aug 31, 2008 8:24pm
short 8025 TP 8000 SL 8050
  • #85,102
  • Aug 31, 2008 8:26pm Aug 31, 2008 8:26pm
ok i dont want to fight the market. I just stop out. Let the trend continue going down.

i'm only watching right now.
maybe i will buy at 7960 area
"Invest With The Insiders, Not The Masses" George Muzea
  • #85,103
  • Aug 31, 2008 8:27pm Aug 31, 2008 8:27pm
Turn, again? 8100?

The guess now long
  • #85,104
  • Aug 31, 2008 8:28pm Aug 31, 2008 8:28pm
Quoting Cpreacher
As inexperenced as I am... logic tells me trying to long is bad. I think either stay out, or short at each new break lower. At the moment it just doesn't want to climb. Looking at the price action she is getting beat down everytime it tries to climb. Just my own thoughts.

Cpreacher
u callled that one kid
  • #85,105
  • Aug 31, 2008 8:28pm Aug 31, 2008 8:28pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
I missed my entry so I'll wait for a push up to get short. Sucks when it drops with no retraces, but that's the game sometimes.
"Wishful thinking dies hard." Igor T.
  • #85,106
  • Aug 31, 2008 8:30pm Aug 31, 2008 8:30pm
currently hold three short positions targeting around 7900
  • #85,107
  • Aug 31, 2008 8:34pm Aug 31, 2008 8:34pm
Quoting mr.leahy
currently hold three short positions targeting around 7900
ehm.. GU now build a new pattern.. a new support for her.. i will stay away from market this week.. c u guys..
just follow the trend...
  • #85,108
  • Aug 31, 2008 8:47pm Aug 31, 2008 8:47pm
Quoting WedWed
I think now will go Up form 1.8043

Up to 1.8079

i am Prepare to go short From 1.8079 Once i got bearish candel for confirmation on 15 min TF
Never sell @ lower upward channel unless breacked and vise versa .
  • #85,109
  • Aug 31, 2008 9:36pm Aug 31, 2008 9:36pm
What are you thinking?

1,81 or 1,79 Which one ?
  • #85,110
  • Aug 31, 2008 9:39pm Aug 31, 2008 9:39pm
Quoting steelhead
Hurricane Gustav is predicted to hit landfall right where the oil for the gulf of mexico is held. I could be wrong but that should drive the price of oil up in the next several days.

On a side note may i say that my thoughts and prayers are with everyone in those areas effected by the storms. My prayers are with you. Be safe

EUR/USD dips lower: Traders cite reports that hurricane Gustav might not be as powerful as once feared,
Don't chase the market, Let the market come to you
  • #85,111
  • Aug 31, 2008 9:58pm Aug 31, 2008 9:58pm
Quoting nAVIN2007
i know one thing all the progress i have made has been destroyed in this month ...must have been one of the easiest to play so long as u followed the trend...nobody should go against the trend and its a newbie mistake...

if u dont scalp and yur counter trend trading that even worse....anyways i need to start listening to myself instead of doing the opposite i shall start a journal once i move house and try dig myself out of this hole...

good weekend all
Nav my friend, u did say that for the last 2-3 week but u keep broke that promises. Maybe this is the time u should listen to your self for real.

Nav buddy u a nice people, I just concern for you buddy. Hope u take it positively.
Go figure.. Simplicity work
  • #85,112
  • Aug 31, 2008 10:36pm Aug 31, 2008 10:36pm
Is anyone thinking about taking a long position now that the price is at 1.8020??
  • #85,113
  • Aug 31, 2008 10:38pm Aug 31, 2008 10:38pm
Quoting Forextrader4
Is anyone thinking about taking a long position now that the price is at 1.8020??

I am thinking of taking a long position at close of four hour candle
  • #85,114
  • Aug 31, 2008 10:39pm Aug 31, 2008 10:39pm
Quoting steelhead
I am thinking of taking a long position at close of four hour candle
How much time is left to the 4hour candle to close?
  • #85,115
  • Aug 31, 2008 10:47pm Aug 31, 2008 10:47pm
waiting for a retrace to 8120's for a short
  • #85,116
  • Aug 31, 2008 10:50pm Aug 31, 2008 10:50pm
Quoting Forextrader4
How much time is left to the 4hour candle to close?

10 minutes. If it closes with out much of a tail im in
  • #85,117
  • Aug 31, 2008 10:59pm Aug 31, 2008 10:59pm
Quoting steelhead
10 minutes. If it closes with out much of a tail im in
Ok, i am still waiting also as i really don't have a clear setup yet. I know that the overall trend is DOWN but i just dont see where it is going to stop.
  • #85,118
  • Aug 31, 2008 11:05pm Aug 31, 2008 11:05pm
booked profits on 2 shorts at 8025 total profit of 96 pips still holding one short from 125 aiming at 7900
  • #85,119
  • Aug 31, 2008 11:09pm Aug 31, 2008 11:09pm
Anyone tempted to trade that gap? I figured based on the news about Gustav oil would of creeped up but its actually going down.
  • #85,120
  • Aug 31, 2008 11:25pm Aug 31, 2008 11:25pm
Quoting Donyouth4eva
Anyone tempted to trade that gap? I figured based on the news about Gustav oil would of creeped up but its actually going down.


Give it time It should go up and fill the gap. Going down should give you a better price to buy at.

The full extent of Gustov will not be felt for a few days, but Oil should go up. I could be totally wrong the way this market is the last month or so.

Im Long at 1.8017
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