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Cable Update (GBPUSD)

  • #85,341
  • Sep 1, 2008 2:13pm Sep 1, 2008 2:13pm
Quoting Forextrader4
Im still holding my stupid long trade. I had a rule for myself to never trade on a sunday (monday night) and i broke that rule and now i am paying for it. I have always been consistant following my rules and i just don't know what got into me last night. I'm so pissed i have to sit here wait for it to go back up my way..ugh
how many pips are u down..?
  • #85,342
  • Sep 1, 2008 2:15pm Sep 1, 2008 2:15pm
Quoting nAVIN2007
how many pips are u down..?
59 pips down
  • #85,343
  • Edited 3:09pm Sep 1, 2008 2:24pm | Edited 3:09pm
Quoting Forextrader4
59 pips down
I think u have every chance to get out at 1.8050 area its acting as resistance...i dunno if it will pass this...it might do that also....but more likly down again..theres a pin on 4hr at least......so u have every chance
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  • #85,344
  • Sep 1, 2008 2:26pm Sep 1, 2008 2:26pm
Quoting nAVIN2007
i think u have every chance to get out at 1.8050 area its acting as resistance...i dunno if it will pass this...i might do that also....but more likly down again..theres a pin on 4hr at least......so u have every chance
That's exactly what i'm waiting for now. As soon as i am out i will NEVER EVER break my rules again, this is defenitely a lesson to me..
  • #85,345
  • Sep 1, 2008 2:30pm Sep 1, 2008 2:30pm
why you guys are even looking at the market right now is beyond me. There is no reason to even be looking.



Come back during London session when the market is actually moving.
  • #85,346
  • Sep 1, 2008 2:37pm Sep 1, 2008 2:37pm
Quoting steelhead
why you guys are even looking at the market right now is beyond me. There is no reason to even be looking.



Come back during London session when the market is actually moving.
The market might be moving VERY VERY slow, but for me now all i care about is to see the 50's area again to get out of this stupid trade. I never ever trade this time, and never ever trade on sunday, monday opening, I broke my rule and i'm paying for it basically.
  • #85,347
  • Sep 1, 2008 2:59pm Sep 1, 2008 2:59pm
Quote
steelhead;2194815]Navin you really need to stop over trading. The best way to get into the poor house is over trading. Be patient and wait for the right setup.

lol, he is not over trading, he is over posting. Just joking nAVIN, you cool guy.
  • #85,348
  • Sep 1, 2008 3:03pm Sep 1, 2008 3:03pm
Quoting Forextrader4
That's exactly what i'm waiting for now. As soon as i am out i will NEVER EVER break my rules again, this is defenitely a lesson to me..
wish u luck bro ....i know, i consistantley break rules, infact i didnt have any, thats why i started a journal, need rules and need to stick to them otherwise the market just swallows money....

i just watched a doc. here in UK about UK ecomony...its looking very bleak...reckon at least 1 year to come out this crisis...
  • #85,349
  • Sep 1, 2008 3:04pm Sep 1, 2008 3:04pm
Quoting Carrera
lol, he is not over trading, he is over posting. Just joking nAVIN, you cool guy.

u are right bro, my ass is on the bench, am just posting..
  • #85,350
  • Sep 1, 2008 3:09pm Sep 1, 2008 3:09pm
I'm an intra-day trader but sometimes I need to check big TF to see what is going on in the long run, so here is an analisys on Monthly chart to have an idea of how low this currency could go. Based on that, I feel more confortable about going with the current trend.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: (Carrera) Closer-Monthly Fibo Analisys Sept. 1-2008.png Size: 67 KB
  • #85,351
  • Sep 1, 2008 3:10pm Sep 1, 2008 3:10pm
Hi to every one here im new in forex trading and im have a bye operation since 2 weeks until now cant close it did any one agree the cable will be back to 1.8760 and when?
Thanx alot to all of U.
  • #85,352
  • Sep 1, 2008 3:29pm Sep 1, 2008 3:29pm
Quoting khateebsoft
Hi to every one here im new in forex trading and im have a bye operation since 2 weeks until now cant close it did any one agree the cable will be back to 1.8760 and when?
Thanx alot to all of U.
WOW i thought i was in a huge loss, Good luck to you man.
  • #85,353
  • Sep 1, 2008 3:47pm Sep 1, 2008 3:47pm
1.8760 may not be hit again for a loooong time.

lols I just checked he chart it is 1 pip from my exit 30 mins after pmi news last night be back to trade after Asia good luck all
  • #85,354
  • Sep 1, 2008 4:30pm Sep 1, 2008 4:30pm
I closed my trade with -64 pips loss. Big mistake and will never happen again...
  • #85,355
  • Sep 1, 2008 4:37pm Sep 1, 2008 4:37pm
Quoting Forextrader4
I closed my trade with -64 pips loss. Big mistake and will never happen again...
better to be safe than sorry...i think u did the right thing....

nonfarm on friday .......god knows what that will bring..
  • #85,356
  • Edited Sep 2, 2008 2:01pm Sep 1, 2008 4:40pm | Edited Sep 2, 2008 2:01pm
Quoting Carrera
I'm an intra-day trader but sometimes I need to check big TF to see what is going on in the long run, so here is an analisys on Monthly chart to have an idea of how low this currency could go. Based on that, I feel more confortable about going with the current trend.
That area is definitely possible but I am targeting the 365 sma on the weekly. 61.8 would be sweet though...
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Patience + Discipline - Greed = Success
  • #85,357
  • Sep 1, 2008 5:22pm Sep 1, 2008 5:22pm
nice 1,7950 :|.
Mister Alister had short?? . It's not so common that someone like him talks that it is so bad, he should talk that it is not so bad. Like in USA...

heh, Asians hitting Stop Losses when Europe is sleeping.
  • #85,358
  • Sep 1, 2008 5:26pm Sep 1, 2008 5:26pm
woohoo just got back to check cable and short from 8010 is looking sweet will be watching for a good place to add lots
  • #85,359
  • Sep 1, 2008 5:29pm Sep 1, 2008 5:29pm
wow added at 7915 looking for a big gain today
  • #85,360
  • Sep 1, 2008 5:30pm Sep 1, 2008 5:30pm
Anyone thinking of a LONG at this point?
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