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Cable Update (GBPUSD)

  • #90,141
  • Oct 3, 2008 4:16am Oct 3, 2008 4:16am
i'm out...good advise on the not letting the winning trade turn into a losing trade
  • #90,142
  • Oct 3, 2008 4:17am Oct 3, 2008 4:17am
On a serious note

The $700 billion bailout will make the dow index jump, which translates into weaker dollar as more money is pumped into the system, which translates into 1.90 levels for GBPUSD over a period of time.
  • #90,143
  • Oct 3, 2008 4:22am Oct 3, 2008 4:22am
this is kinda interseting...the first highlighted elipse is from semtember 5th to 8th, you can see the gap fro the weekend and you can also see how it broke out of the down channel...the second highlight is obviously now...

just thought i would throw it out there and see what you guys think..a bit of discussion would go a long way in this dieing thread!
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  • #90,144
  • Oct 3, 2008 4:26am Oct 3, 2008 4:26am
.....
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  • #90,145
  • Oct 3, 2008 4:44am Oct 3, 2008 4:44am
Quoting pip me
i'm out...good advise on the not letting the winning trade turn into a losing trade
welldone on that...i was gonna say to to u
when u have a channel breach its a sign which is what u thinking wont happen unless u take a drawdrawn....and its always better to sell at higher price....

personally i believe we are at a technical key level...short to go to 1.74 is certainly possible but theres nothing in the chart suggesting that is likely..

anyways what do i know ....watch it tank now i opened my month..
  • #90,146
  • Oct 3, 2008 4:47am Oct 3, 2008 4:47am
Hi guys,

What do you think of my trade?

Sell at 1.7725 SL 1.7757 TP 1.7647

Criticise please
  • #90,147
  • Oct 3, 2008 4:48am Oct 3, 2008 4:48am
Quoting nAVIN2007
welldone on that...i was gonna say to to u
when u have a channel breach its a sign which is what u thinking wont happen unless u take a drawdrawn....and its always better to sell at higher price....

personally i believe we are at a technical key level...short to go to 1.74 is certainly possible but theres nothing in the chart suggesting that is likely..

anyways what do i know ....watch it tank now i opened my month..
cheers mate...
  • #90,148
  • Oct 3, 2008 4:50am Oct 3, 2008 4:50am
Quoting peulthai
Hi guys,

What do you think of my trade?

Sell at 1.7725 SL 1.7757 TP 1.7647

Criticise please
good luck, i just tried the same trade and took profit halfway because it didn't have the legs... and ....
  • #90,149
  • Oct 3, 2008 4:55am Oct 3, 2008 4:55am
http://www.forexfactory.com/nfs/cust...tar55268_2.gif nAVIN2007
Senior Member

anyways what do i know ....watch it tank now i opened my month..[/quote]

I go short then
  • #90,150
  • Oct 3, 2008 5:16am Oct 3, 2008 5:16am
short at 1.8100, its since 29/9/08... still open
  • #90,151
  • Oct 3, 2008 5:29am Oct 3, 2008 5:29am
Quoting uzair3001
short at 1.8100, its since 29/9/08... still open
What is your target ?
I Deeply Love My Virtual Life In Virtual World , RLC
  • #90,152
  • Oct 3, 2008 5:29am Oct 3, 2008 5:29am
Quoting Chris_35
http://www.forexfactory.com/nfs/cust...tar55268_2.gif nAVIN2007
Senior Member

anyways what do i know ....watch it tank now i opened my month..
I go short then[/quote]

to be honest i have no idea i will wait foir the non farm, i waited 2 months another 3 hr wont kill me!
  • #90,153
  • Oct 3, 2008 5:51am Oct 3, 2008 5:51am
Hi there nAVIN. What are you expecting if the non-farm news isnt very favourable. Apollo maybe??
  • #90,154
  • Oct 3, 2008 6:25am Oct 3, 2008 6:25am
closed yesterday shorts with 22 pips + and long @ 1.7659
  • #90,155
  • Oct 3, 2008 6:46am Oct 3, 2008 6:46am
Short at 1.7659
  • #90,156
  • Oct 3, 2008 6:51am Oct 3, 2008 6:51am
yesterday was crap. i had that stupid short open all day while the market flatlined. thankfully i dropped and i closed it for + 30.
opened long last night and didn't feel like letting it go so closed it for +20.
shorting again at 7666. target 7585
  • #90,157
  • Oct 3, 2008 6:56am Oct 3, 2008 6:56am
Quoting Chris_35
Hi there nAVIN. What are you expecting if the non-farm news isnt very favourable. Apollo maybe??
i havent got a clue bro....
  • #90,158
  • Oct 3, 2008 6:57am Oct 3, 2008 6:57am
Quoting dakrusha
yesterday was crap. i had that stupid short open all day while the market flatlined. thankfully i dropped and i closed it for + 30.
opened long last night and didn't feel like letting it go so closed it for +20.
shorting again at 7666. target 7585

are u on a demo bro?
  • #90,159
  • Oct 3, 2008 7:01am Oct 3, 2008 7:01am
Quoting nAVIN2007
are u on a demo bro?
on this trade yeah, i closed my life accounts last week and am waiting for my new live acct to fund. i was on FXCM and switching to alpari.
yeah i know NFP is today....i don't usually trade..but it's demo..could make for a fun ride.. http://www.forexfactory.com/images/icons/icon10.gif

edited....it's not NFP today...woops...i thot it was...only Emp Change.
  • #90,160
  • Oct 3, 2008 7:05am Oct 3, 2008 7:05am
Quoting dakrusha
on this trade yeah, i closed my life accounts last week and am waiting for my new live acct to fund. i was on FXCM and switching to alpari.
yeah i know NFP is today....i don't usually trade..but it's demo..could make for a fun ride.. http://www.forexfactory.com/images/icons/icon10.gif
Is no good getting us all excited about going on a trip unless we have a destination in mind or are you a fan of The Beatles Magical Mystery Tour
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