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Cable Update (GBPUSD)

  • #93,001
  • Edited 7:51pm Oct 21, 2008 7:24pm | Edited 7:51pm
shorts aware of the large daily trendline at 1.6553
  • #93,002
  • Oct 21, 2008 7:28pm Oct 21, 2008 7:28pm
Anyone has any idea when this crazy sell off will finally end?
  • #93,003
  • Oct 21, 2008 7:37pm Oct 21, 2008 7:37pm
Quoting emeric33
Anyone has any idea when this crazy sell off will finally end?
Why?You want to price go up again and start to range?Just look for good points to go short.it is easyer this way.That gann is good.70 area is holding for almost 20 minutes.Momentum is at zero.It could bounce down and move price again down.

Oh can't watch this ,have to sleep
  • #93,004
  • Oct 21, 2008 7:37pm Oct 21, 2008 7:37pm
Quoting emeric33
Anyone has any idea when this crazy sell off will finally end?
1.4464
USD Est Non Mortuus
  • #93,005
  • Oct 21, 2008 7:42pm Oct 21, 2008 7:42pm
Quoting LuckyLurker
1.4464
Not so sure maybe lower

Gann is below price so no could come to that 6010 area which is are arround 1 of ema's and cable for last few days just loves to go short from that area.Will see now what will happen
  • #93,006
  • Oct 21, 2008 7:53pm Oct 21, 2008 7:53pm
Quoting LuckyLurker
1.4464
How ya been, making pips I hope!!
Please ask questions and share your experiences with us all!
  • #93,007
  • Oct 21, 2008 7:55pm Oct 21, 2008 7:55pm
Quoting bkg102665
How ya been, making pips I hope!!
good good.. yes. this market has been great lately. These are the times we wait for. How about you?
USD Est Non Mortuus
  • #93,008
  • Oct 21, 2008 8:02pm Oct 21, 2008 8:02pm
Quoting LuckyLurker
good good.. yes. this market has been great lately. These are the times we wait for. How about you?
Things are good thanks to help from the people in here mainly eohater
Please ask questions and share your experiences with us all!
  • #93,009
  • Oct 21, 2008 8:06pm Oct 21, 2008 8:06pm
Quoting bkg102665
Things are good thanks to help from the people in here mainly eohater
good guy.
USD Est Non Mortuus
  • #93,010
  • Oct 21, 2008 8:17pm Oct 21, 2008 8:17pm
Short 1.6595 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,011
  • Edited 8:31pm Oct 21, 2008 8:18pm | Edited 8:31pm
Quoting \"expert\"
Not so sure maybe lower

Gann is below price so no could come to that 6010 area which is are arround 1 of ema's and cable for last few days just loves to go short from that area.Will see now what will happen
Thanks for share and is confirmized by my system ! 3 weeks experience using my system is very effective when the cable moves slowly !
Attached Image (click to enlarge)
Click to Enlarge Name: retrace221008.gif Size: 41 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,012
  • Oct 21, 2008 8:37pm Oct 21, 2008 8:37pm
Quoting manize
Thanks for share and is confirmized by my system ! 3 weeks experience using my system is very effective when the cable moves slowly !
Manize,
Hey pal, i kinda need suggestions here. I have an entry i left without a SL since 1.74.. i was hoping the trend could retrace to get out of it but since then it hasn't.

It's not allowed me enjoy the full benefits of these down movements. Now am thinking of closing it, making some loses but at least enjoy the jolly ride south.

What do you think?
  • #93,013
  • Oct 21, 2008 8:37pm Oct 21, 2008 8:37pm
Again, below is the clue for long ! But I don't take a long becuase overall trend still down !
Attached Image (click to enlarge)
Click to Enlarge Name: retrace221008a.gif Size: 43 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,014
  • Oct 21, 2008 8:42pm Oct 21, 2008 8:42pm
Quoting bkg102665
Things are good thanks to help from the people in here mainly eohater
Quoting LuckyLurker
good guy.
Thank you both very much!

I'm working on tonights charts, once family time is over I will have them posted. Hope everyone is making money. There has been a nice move south since the close of the US Session and there's plenty more money to be made.
Just digging in the trenches like everyone else!
  • #93,015
  • Oct 21, 2008 8:48pm Oct 21, 2008 8:48pm
Quoting peulthai
Manize,
Hey pal, i kinda need suggestions here. I have an entry i left without a SL since 1.74.. i was hoping the trend could retrace to get out of it but since then it hasn't.

It's not allowed me enjoy the full benefits of these down movements. Now am thinking of closing it, making some loses but at least enjoy the jolly ride south.

What do you think?
I ever have a similar situation. Before know any system, I did hedge and is the hell situation within a month, I tried to lessen the loss but the loss more bigger. Then I closed all trade, start again with the new system, the result within 3 weeks ( not full time) my remaining margin has been blown to 150%.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,016
  • Oct 21, 2008 8:50pm Oct 21, 2008 8:50pm
careful with shorts at these levels..... we could be in for a big retracement soon....... but if this decending tl is broken to the downside..... you know what will happen.... don't you?
Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 31 KB
Patience + Discipline - Greed = Success
  • #93,017
  • Oct 21, 2008 8:51pm Oct 21, 2008 8:51pm
Quoting eohater
Thank you both very much!

I'm working on tonights charts, once family time is over I will have them posted. Hope everyone is making money. There has been a nice move south since the close of the US Session and there's plenty more money to be made.
Very appreciated. Sure, it is very helpfull for us !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,018
  • Oct 21, 2008 8:54pm Oct 21, 2008 8:54pm
Quoting Infinity
careful with shorts at these levels..... we could be in for a big retracement soon....... but if this decending tl is broken to the downside..... you know what will happen.... don't you?
Nice advice !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,019
  • Oct 21, 2008 10:08pm Oct 21, 2008 10:08pm
did we ever move 700 pips in 1 days on gbp?
  • #93,020
  • Oct 21, 2008 10:16pm Oct 21, 2008 10:16pm
Anyone has any idea why this baby drop more than 800 pips since yesterday?
Where is it heading now?
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