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Cable Update (GBPUSD)

  • #92,121
  • Oct 16, 2008 2:58pm Oct 16, 2008 2:58pm
Quoting PipGal
I am so so screwed
where? why??
When life gives you lemons, make lemonade
  • #92,122
  • Oct 16, 2008 3:01pm Oct 16, 2008 3:01pm
Quoting nAVIN2007
1.7300 ..i couldnt help myself
well you went short when the rsi is > 50 but 1.73 is the 38% of the last hourly... i guess we should see it again... i hope
When life gives you lemons, make lemonade
  • #92,123
  • Oct 16, 2008 3:03pm Oct 16, 2008 3:03pm
Quoting PipGal
I am so so screwed

if it passes 1.7418 then we are screwed
  • #92,124
  • Oct 16, 2008 3:04pm Oct 16, 2008 3:04pm
h4 close was very bullish...
Attached Image (click to enlarge)
Click to Enlarge Name: h4.GIF Size: 27 KB
Patience + Discipline - Greed = Success
  • #92,125
  • Oct 16, 2008 3:05pm Oct 16, 2008 3:05pm
Quoting micho
where? why??
shorted at the 1H 62 EMA
  • #92,126
  • Oct 16, 2008 3:06pm Oct 16, 2008 3:06pm
Quoting PipGal
shorted at the 1H 62 EMA
did you use a stop...?
Patience + Discipline - Greed = Success
  • #92,127
  • Oct 16, 2008 3:07pm Oct 16, 2008 3:07pm
next resistance 1.7365, and strong resistance at 1.7418
When life gives you lemons, make lemonade
  • #92,128
  • Oct 16, 2008 3:07pm Oct 16, 2008 3:07pm
Quoting PipGal
shorted at the 1H 62 EMA
at 1.73??
When life gives you lemons, make lemonade
  • #92,129
  • Oct 16, 2008 3:09pm Oct 16, 2008 3:09pm
Quoting nAVIN2007
if it passes 1.7418 then we are screwed
i hope that it will retrace to 1.7310... then you can get rid of your shorts
When life gives you lemons, make lemonade
  • #92,130
  • Oct 16, 2008 3:10pm Oct 16, 2008 3:10pm
Quoting Infinity
did you use a stop...?

No

I guess I have to cut my losses now, oh well. If you do something stupid like that....
  • #92,131
  • Oct 16, 2008 3:11pm Oct 16, 2008 3:11pm
Quoting micho
i hope that it will retrace to 1.7310... then you can get rid of your shorts
I'll get out there with minimal damage! Who knows I might get stopped out before we fall down there. Either way there's another trade at a later date to make it up!
Just digging in the trenches like everyone else!
  • #92,132
  • Oct 16, 2008 3:11pm Oct 16, 2008 3:11pm
Quoting PipGal
No

I guess I have to cut my losses now, oh well. If you do something stupid like that....
instead of closing a bad trade, hedge it... but dont hedge it anywhere... just in a right place and you will have a second chance with it
When life gives you lemons, make lemonade
  • #92,133
  • Oct 16, 2008 3:12pm Oct 16, 2008 3:12pm
Quoting eohater
I'll get out there with minimal damage! Who knows I might get stopped out before we fall down there. Either way there's another trade at a later date to make it up!
the 4 hour candle is ugly
When life gives you lemons, make lemonade
  • #92,134
  • Oct 16, 2008 3:20pm Oct 16, 2008 3:20pm
Quoting micho
i hope that it will retrace to 1.7310... then you can get rid of your shorts

well if it goes there then its going down...its part of this game, nothing i can do about it now apart from
  • #92,135
  • Oct 16, 2008 3:23pm Oct 16, 2008 3:23pm
Quoting eohater
I'll get out there with minimal damage! Who knows I might get stopped out before we fall down there. Either way there's another trade at a later date to make it up!
Patience + Discipline - Greed = Success
  • #92,136
  • Oct 16, 2008 3:24pm Oct 16, 2008 3:24pm
Quoting nAVIN2007
well if it goes there then its going down...its part of this game, nothing i can do about it now apart from
well i say if it goes to 1.7310 then its retracement and then go up again
When life gives you lemons, make lemonade
  • #92,137
  • Oct 16, 2008 3:24pm Oct 16, 2008 3:24pm
I don't use gartley patterns but there is a bearish bat on my m15..:nerd:
Patience + Discipline - Greed = Success
  • #92,138
  • Oct 16, 2008 3:29pm Oct 16, 2008 3:29pm
god dont u just love downtrends
  • #92,139
  • Oct 16, 2008 3:31pm Oct 16, 2008 3:31pm
hehehe navin is happy now
When life gives you lemons, make lemonade
  • #92,140
  • Oct 16, 2008 3:31pm Oct 16, 2008 3:31pm
Quoting PipGal
No

I guess I have to cut my losses now, oh well. If you do something stupid like that....
here's your chance if you dont feel confident..
Patience + Discipline - Greed = Success
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