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Cable Update (GBPUSD)

  • #93,081
  • Oct 22, 2008 2:42am Oct 22, 2008 2:42am
Quoting micho
im not thinking much

just shorting every retracement above 23% with 0.1
LOL, you gonna short for eveyr moment / every lower high and close with +ve. Clever move.
  • #93,082
  • Oct 22, 2008 2:46am Oct 22, 2008 2:46am
Quoting mphpopular
LOL, you gonna short for eveyr moment / every lower high and close with +ve. Clever move.
its not that clever is it lol
When life gives you lemons, make lemonade
  • #93,083
  • Oct 22, 2008 2:47am Oct 22, 2008 2:47am
call me crazy, but i want to buy here, near these lows.
  • #93,084
  • Oct 22, 2008 2:49am Oct 22, 2008 2:49am
Quoting big_pipin
call me crazy, but i want to buy here, near these lows.
you dont wanna do that
When life gives you lemons, make lemonade
  • #93,085
  • Oct 22, 2008 2:50am Oct 22, 2008 2:50am
just made 90 pips who cares to know how?
  • #93,086
  • Oct 22, 2008 2:53am Oct 22, 2008 2:53am
Quoting enoh james a
just made 90 pips who cares to know how?
on the up trend?
Jesus Christ is my only Lord !
  • #93,087
  • Oct 22, 2008 2:54am Oct 22, 2008 2:54am
wow, just logged in this morning can't believe what i'm seeing, cable reaching 1.62's. i think i may have missed the boat for a good short position. I'm a noob (only been trading for a month) so go easy

Any suggestions on next short position.
Forex Trading Noob
  • #93,088
  • Oct 22, 2008 3:13am Oct 22, 2008 3:13am
hi guys,MPC gbp Meeting Minutes is going to hold by 9.30,who knows what effect its going have on the market,pls i need to know.thanks
  • #93,089
  • Oct 22, 2008 3:14am Oct 22, 2008 3:14am
wow it's so scary...
i will buy if the price is above 1.6427 target 1.6566
or sell if it's breaking the low... with Trailing stop working
any suggestion for me?
thx
Money management is good for your health...
  • #93,090
  • Oct 22, 2008 3:15am Oct 22, 2008 3:15am
Quoting dakrusha
CRAPPY CRAPPY CRAP CRAP
I had a short entry at 571 w a target of 450. i was getting read to crash and didn't want to watch it and it hadn't moved significantly in my favor to put my standard BE SL. So i closed for plus 10 or so. now i just woke up to find my orig target not only hit but blown out of the water.....CRAP!!!!!!!
don't worry mate I've been in several shorts and got out for 50- 100 pips, should have just let it ride, i could retire at 29. CRAP
please DON'T copy my trades I am still learning
  • #93,091
  • Oct 22, 2008 3:19am Oct 22, 2008 3:19am
Quoting enoh james a
hi guys,MPC gbp Meeting Minutes is going to hold by 9.30,who knows what effect its going have on the market,pls i need to know.thanks
That will be interesting,
I -as usually - may be wrong, but I expect the confirmation of the trend.
Jesus Christ is my only Lord !
  • #93,092
  • Oct 22, 2008 3:21am Oct 22, 2008 3:21am
Quoting am108
wow, just logged in this morning can't believe what i'm seeing, cable reaching 1.62's. i think i may have missed the boat for a good short position. I'm a noob (only been trading for a month) so go easy

Any suggestions on next short position.
Welcome to the forum! I recommend you understand trading before you just jump into trading cable live. She is a beast and hard to handle at times. There are many great contributors on here and I do hope you learn. Please ask questions. If you haven't been here www.babypips.com I recommend you start.

Good luck trading!
Just digging in the trenches like everyone else!
  • #93,093
  • Oct 22, 2008 3:23am Oct 22, 2008 3:23am
Quoting hipcio
That will be interesting,
I -as usually - may be wrong, but I expect the confirmation of the trend.
but as we can see the reversed H&S on 15 min chart for the first we could go some 100 pps up?
Jesus Christ is my only Lord !
  • #93,094
  • Oct 22, 2008 3:36am Oct 22, 2008 3:36am
Quoting hipcio
on the up trend?
nope its on gbpjpy downwards you should check that market sometimes it runs like hell
  • #93,095
  • Oct 22, 2008 3:37am Oct 22, 2008 3:37am
Quoting enoh james a
hi guys,MPC gbp Meeting Minutes is going to hold by 9.30,who knows what effect its going have on the market,pls i need to know.thanks
MPC Meeting Minutes 0-9-0
so i.r. is going to be reduced
  • #93,096
  • Oct 22, 2008 3:38am Oct 22, 2008 3:38am
Quoting enoh james a
nope its on gbpjpy downwards you should check that market sometimes it runs like hell
what does it mean "nope"?
Jesus Christ is my only Lord !
  • #93,097
  • Oct 22, 2008 3:42am Oct 22, 2008 3:42am
Quoting hipcio
what does it mean \"nope\"?
it means no, just different way of saying it
please DON'T copy my trades I am still learning
  • #93,098
  • Oct 22, 2008 3:45am Oct 22, 2008 3:45am
Hi eohater,

Thanks for the suggestion, unfortunately i've learnt the hard way and lost a shed load of money on cable, and seem to keep missing good long/short positions. I think i may be trying too hard to recover the loss but i keep thinking if i don't trade now in the current market condition i will probably not recover the loss at all.
Forex Trading Noob
  • #93,099
  • Oct 22, 2008 3:49am Oct 22, 2008 3:49am
wow! what happened in the night this is flying down !!!
  • #93,100
  • Oct 22, 2008 3:51am Oct 22, 2008 3:51am
don't ever think to recover your past losses without proper understanding of the market. it's in the past. now, learn from the beginning and start fresh. otherwise, you'll surely loss again more than you loss in the past.
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