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Cable Update (GBPUSD)

  • #93,281
  • Oct 22, 2008 12:42pm Oct 22, 2008 12:42pm
Quoting \"expert\"
Well heare is my 6230.But will change my plan end go for some more i think.Let see what will cable do.Give me baby give it to me
lol dont punch the beat it will bite you
next target 1.6130
When life gives you lemons, make lemonade
  • #93,282
  • Oct 22, 2008 12:42pm Oct 22, 2008 12:42pm
Thanks " Expert " you are my best gurus, i got + 20 pips after i follow you to hold my position at 1.6292, keep that good work man.. if i follow your 2nd shot at 1.6340 will get more + 50 pips..
  • #93,283
  • Oct 22, 2008 12:55pm Oct 22, 2008 12:55pm
Quoting peulthai
Do you still see 5948?

Am really pissed today. Have a short and waiting for 6200... i will cut off and go sleep
well first target 1.6130 then support at 1.6060 then second target 1.6002
this is for the last small trend but for the 4h trend the targets are deeper in the 5x
When life gives you lemons, make lemonade
  • #93,284
  • Oct 22, 2008 1:09pm Oct 22, 2008 1:09pm
Quoting korerry
Thanks \" Expert \" you are my best gurus, i got + 20 pips after i follow you to hold my position at 1.6292, keep that good work man.. if i follow your 2nd shot at 1.6340 will get more + 50 pips..
Thanks man.See ya soon on yahoo.

I closed 2 nd short at 6230 as planed.But will wait to see will it break 6400 area:
6535 area looks like stron resistance for now

6720 and 6840 area might be good to go short again

I am not saying it will go up but for now no short.maybe in assia butwe will see.If get clear sign to go long i will at this level as well.But First i need to see what will new daily candle on opening bring

This might go to 6300 area agin but i will be out for now.If go down again happy shorts and bermudas.

Trade well
  • #93,285
  • Oct 22, 2008 1:09pm Oct 22, 2008 1:09pm
Quoting PipGal
6 lots?!!!!!!!!
No Doubt He's pack'n some big ones!!!!
  • #93,286
  • Oct 22, 2008 1:12pm Oct 22, 2008 1:12pm
Quoting eohater
I'm short from 1.6335 with 6 lots.

Sorry I haven't been on today everyone. I'm having heating issues at the house and have had the repairman here all day.
Just got back and I just closed out at 1.6260 for 75.
Just digging in the trenches like everyone else!
  • #93,287
  • Oct 22, 2008 1:15pm Oct 22, 2008 1:15pm
and look the price 6300.Man i am good
  • #93,288
  • Oct 22, 2008 1:17pm Oct 22, 2008 1:17pm
Here was my most recent trade.

I missed my exit point because I had to run and get something for the repairman. Damnit! Oh well! I'm happy with what I've got. Today has been very good!
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 89 KB
Just digging in the trenches like everyone else!
  • #93,289
  • Oct 22, 2008 1:18pm Oct 22, 2008 1:18pm
My trailing stop got hit for +30 better than noth'n
  • #93,290
  • Oct 22, 2008 1:18pm Oct 22, 2008 1:18pm
Quoting \"expert\"
and look the price 6300.Man i am good
I didn't see that one coming. I'm tired of this range already, I wish it would either break up properly of just drop off the map like I'm expecting it to.
  • #93,291
  • Oct 22, 2008 1:19pm Oct 22, 2008 1:19pm
Quoting sblank
My trailing stop got hit for +30 better than noth'n
That's good money! There' will be another seat for you to take!
Just digging in the trenches like everyone else!
  • #93,292
  • Oct 22, 2008 1:21pm Oct 22, 2008 1:21pm
I was too busy typing and posting, but she bounced off the 15m 50sma again. I would be careful right now. Remember it's triple swap and the end of the US Session.
Just digging in the trenches like everyone else!
  • #93,293
  • Oct 22, 2008 1:22pm Oct 22, 2008 1:22pm
Well this is stupid move of me but 6290 and long on cable.If it goes good if not i made more then 500 pips.I don't care.Just 1 lot.I think could go up this time.This is risky so don't do it because i say so.Not confermed yet

See ya later
  • #93,294
  • Oct 22, 2008 1:25pm Oct 22, 2008 1:25pm
Quoting \"expert\"
Well this is stupid move of me but 6290 and long on cable.If it goes good if not i made more then 500 pips.I don't care.Just 1 lot.I think could go up this time.This is risky so don't do it because i say so.Not confermed yet

See ya later
I can see that. Hell I can see 647x in the future. That'll be a nice short I'm sure!

Again, I'm not endorsing a long here either nor am I long currently. My day is done trading until we get through the close.
Just digging in the trenches like everyone else!
  • #93,295
  • Oct 22, 2008 1:26pm Oct 22, 2008 1:26pm
we have tested the TL on 15 from the down side bounced off the 55 sma
so I would say rather south
- but as usually I can be wrong
Attached Image
Jesus Christ is my only Lord !
  • #93,296
  • Oct 22, 2008 1:32pm Oct 22, 2008 1:32pm
Quoting eohater
I can see that. Hell I can see 647x in the future. That'll be a nice short I'm sure!

Again, I'm not endorsing a long here either nor am I long currently. My day is done trading until we get through the close.
I was lookin for 6400 area and maybe more but we will see.usualy i don' t trade this late and risky because i don't what will ninjas bring and this 6300 area not confermed as break on up for me at all.but as i said it before great chance to make new experiance for real.And after day like this can do some lost pips and still be happy.

Hope you will make that heat wright it is winter in my country.See ya all later
  • #93,297
  • Oct 22, 2008 1:35pm Oct 22, 2008 1:35pm
Quoting \"expert\"
I was lookin for 6400 area and maybe more but we will see.usualy i don' t trade this late and risky because i don't what will ninjas bring and this 6300 area not confermed as break on up for me at all.but as i said it before great chance to make new experiance for real.And after day like this can do some lost pips and still be happy.

Hope you will make that heat wright it is winter in my country.See ya all later
Still working on the heat! Winter is coming here, it's still fall, but we got down to freezing last night and it was cold this morning.

As usually, I don't know nor do I want to predict where price is going, but the 4h candles are strong right now. We could go up and test the 10sma on the 4h. I don't like to enter trades this time of day either. It's been a good day and I'm happy with the profit I've made.
Just digging in the trenches like everyone else!
  • #93,298
  • Oct 22, 2008 1:37pm Oct 22, 2008 1:37pm
my broker is acting funny now........ spread range from 5 pips to 30+ pips....... anyone got good broker in sg?
loss 100k in Forex, up 1k, still have 99% to go!!
  • #93,299
  • Oct 22, 2008 1:40pm Oct 22, 2008 1:40pm
Quoting spintrader
I didn't see that one coming. I'm tired of this range already, I wish it would either break up properly of just drop off the map like I'm expecting it to.
I think we are in range but on small time frames.I was wrighting that we need break below 17000 or above 7600 area and that would be better to go down because if we break 7600 it could be still just a retrace not new trend and we never now how much retrace will go and will it become new trend maybe.And we break 700 thanks God.
As for this small range i take almost 100 pips in 2 trades.And very fast.I am starting to like them. I try to learn how to trade in range as well in trend.They are good because in range we have to lines and just trade them.We know when to enter and when to close very easy.And small risk too usualy peaks are 10 to 15 pips most.with trend always asking did it start, is it too late now,when to close..With range we don't have that think.

But that is just me..
  • #93,300
  • Oct 22, 2008 2:37pm Oct 22, 2008 2:37pm
Ranges can be dangerous in these conditions though. It gets to the bottom and you buy and it begins to travel up as you would expect- and before you know it the big boys start selling and it crashes through the range and continues the trend. You need tight stop losses.
Whenever I try and trade these ranges I put such a tight stop loss in for fear of it breaking out- that it usually gets hit and I just make a series of small losses that add up to quite a big loss.
I've been short for a while now- and just as I'm typing this it begins to fall out of the range in a quick 50 pips move in a couple of seconds- that's the danger I'm scared of in ranges.
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