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Cable Update (GBPUSD)

  • #89,881
  • Oct 1, 2008 9:53am Oct 1, 2008 9:53am
Quoting hipcio
they say that France proposes 300 EUR bio bailout fund

whatever it means
where u read or hear that
  • #89,882
  • Oct 1, 2008 10:07am Oct 1, 2008 10:07am
i hope no body close his short ....
  • #89,883
  • Oct 1, 2008 10:15am Oct 1, 2008 10:15am
Guys what do you think abaut this new (small) chanell in a big one . I was to quick with my short, but looks like still short to me.
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  • #89,884
  • Oct 1, 2008 10:19am Oct 1, 2008 10:19am
Quoting deboooo2005
i hope no body close his short ....
No not me. At +25 will short 2nd .1 lot Then at +50 will open 3rd .1 lot and maybe a 4th .1 lot at + 75. This way I will be playing with the house money so not much risk.
  • #89,885
  • Oct 1, 2008 10:20am Oct 1, 2008 10:20am
Quoting deboooo2005
where u read or hear that
forex.com
Jesus Christ is my only Lord !
  • #89,886
  • Oct 1, 2008 10:28am Oct 1, 2008 10:28am
It seems that yesterdays low is proving to be a good support still
  • #89,887
  • Oct 1, 2008 10:29am Oct 1, 2008 10:29am
i was on the phone and got SL'd for BE.
oh well, no red..that's wut's important.
there will be another opp later...like long back to 7835..

hmm or short back to 7635...all these choices!!!

AWWW crap. my orig TP was just hit..that would have been a nice trade..
  • #89,888
  • Oct 1, 2008 10:33am Oct 1, 2008 10:33am
60 + from my short @ 1.7795 ... still hold
  • #89,889
  • Oct 1, 2008 10:34am Oct 1, 2008 10:34am
Quoting Chris_35
It seems that yesterdays low is proving to be a good resistance still
it was bouncing off of the 200 SMA on 5M...pierced it a couple times but could not hold
  • #89,890
  • Oct 1, 2008 10:39am Oct 1, 2008 10:39am
Quoting deboooo2005
60 + from my short @ 1.7795 ... still hold
good job!
Jesus Christ is my only Lord !
  • #89,891
  • Oct 1, 2008 10:42am Oct 1, 2008 10:42am
Quoting deboooo2005
60 + from my short @ 1.7795 ... still hold
You could jump in and out of these trades , but maybe get your fingers burnt. Am still short and holding. Havn't taken out 2nd trade yet as last movement was a bit volatile will now do it at + 30
  • #89,892
  • Oct 1, 2008 10:52am Oct 1, 2008 10:52am
Took a 2nd short @17784
  • #89,893
  • Oct 1, 2008 10:55am Oct 1, 2008 10:55am
Quoting Chris_35
Took a 2nd short @17784
i should have just stopped this AM. i closed a 6 lot trade for 45 pips.
but NOOO i had to keep trading. had two other trade hit +20, but did i close them? NOOOOO i let them go BE.
Now i'm in a trade for -....you guessed it...45...

actually i'm in this one for the long haul...i'm seein a return to our low at 7635..but i'm affraid this may take a while. i want out of this one ATM....i may close if i can and reenter later
  • #89,894
  • Oct 1, 2008 11:00am Oct 1, 2008 11:00am
Quoting dakrusha
i should have just stopped this AM. i closed a 6 lot trade for 45 pips.
but NOOO i had to keep trading. had two other trade hit +20, but did i close them? NOOOOO i let them go BE.
Now i'm in a trade for -....you guessed it...45...
i am amazed at how often some of u guys trade..gees i thought i overtrade, this market is shockingly difficult and traders every where (pros) are strugling yet FF newbies are trading like tomorrow might not happen...

whats wrong with this picture
  • #89,895
  • Oct 1, 2008 11:01am Oct 1, 2008 11:01am
Quoting nAVIN2007
i am amazed at how often some of u guys trade..gees i thought i overtrade, this market is shockingly difficult and traders every where (pros) are strugling yet FF newbies are trading like tomorrow might not happen...

whats wrong with this picture
HEY NOW...enough fun pokin...i know the pooch is screwed here!
I am up 255 for yesterday so i can't complain too much...but still..
  • #89,896
  • Oct 1, 2008 11:05am Oct 1, 2008 11:05am
Quoting dakrusha
HEY NOW...enough fun pokin...i know the pooch is screwed here!
I am up 255 for yesterday so i can't complain too much...but still..
thats good that your up....just dont over trade, no offense was meant bro
  • #89,897
  • Oct 1, 2008 11:12am Oct 1, 2008 11:12am
Quoting nAVIN2007
thats good that your up....just dont over trade, no offense was meant bro
no it's all good. i'm very aware of my faults as a trader.
my biggest is getting cocky after a great day.
i have a pretty good sense of the market, but sometimes i get impulsive too.
but right now i'm trading on my phone and that is usually not a good thing.
I need my computer charts for that.
i'm on my mac right now so no big charts to look at. not fibs. no nothing.
i just need to stick to what's good for me and thats big charts and no phone.
  • #89,898
  • Oct 1, 2008 11:12am Oct 1, 2008 11:12am
On a normal day, I wouldn't short with a pin like this on the 4h but the question is, is it a normal day?
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Patience + Discipline - Greed = Success
  • #89,899
  • Oct 1, 2008 11:13am Oct 1, 2008 11:13am
Quoting Infinity
On a normal day, I wouldn't short with a pin like this on the 4h but the question is, is it a normal day?
i don't think anything stands as normal this week
  • #89,900
  • Oct 1, 2008 11:19am Oct 1, 2008 11:19am
Quoting Chris_35
Not any more and I closed them for a nice little profit. Started out with .1 lot then after another 25/30 pips added 2nd .1 lot then same again added the 3rd .1 lot. Closed all three at 17790. Left a bit on the table, but happy with result
short @17783 looking to the 17700 area
That worked well didn't it Chris.....way to read the charts and trust what yu see!

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