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Cable Update (GBPUSD)

  • #93,761
  • Oct 24, 2008 8:17am Oct 24, 2008 8:17am
It seems to be a bit of a trend to trickle up before the open of Wall street and as the Bloodbath begins there, so it does here...
Ride the Bulls bearback!
  • #93,762
  • Oct 24, 2008 8:18am Oct 24, 2008 8:18am
Quoting nAVIN2007
holly shit 900 pips from the high and low
my chart shows 1040 pips from high to low. Today is my first time see the longest candle in my life!
  • #93,763
  • Oct 24, 2008 8:19am Oct 24, 2008 8:19am
got stopped should have taken 100pips eurghhh but the damn connection got off
When life gives you lemons, make lemonade
  • #93,764
  • Oct 24, 2008 8:22am Oct 24, 2008 8:22am
Quoting swap
Another calm before storm .. i hate this
That what I wait for !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,765
  • Oct 24, 2008 8:29am Oct 24, 2008 8:29am
Nearly 400 pips retracement already.
Will there be another shoot down to break new low ?
  • #93,766
  • Oct 24, 2008 8:33am Oct 24, 2008 8:33am
this market is scarying the hell out of me.....yesterday i wanted to long because i saw 2 pins on 4hr chart...because it was counter trend i decided not to go for it....

thank the lord i decided this ...i would have got it hard!!!!!!
  • #93,767
  • Oct 24, 2008 8:33am Oct 24, 2008 8:33am
Quoting gagakrimba
Nearly 400 pips retracement already.
Will there be another shoot down to break new low ?
God I hope so. My money is on a short.
  • #93,768
  • Oct 24, 2008 8:48am Oct 24, 2008 8:48am
hope all of u are making money and not blowing accounts..im just back from work, if we want to call it that
  • #93,769
  • Oct 24, 2008 8:54am Oct 24, 2008 8:54am
Went to fibo 50% ! Damn, bad connection !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,770
  • Oct 24, 2008 9:05am Oct 24, 2008 9:05am
Anyone still on short ?
  • #93,771
  • Oct 24, 2008 9:08am Oct 24, 2008 9:08am
Damn, those early shorts hurt. But it has bouncedback into the pocket
Ride the Bulls bearback!
  • #93,772
  • Oct 24, 2008 9:33am Oct 24, 2008 9:33am
Quoting gagakrimba
Anyone still on short ?
Yes ... 1.5775 ! Closed +100 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,773
  • Oct 24, 2008 9:37am Oct 24, 2008 9:37am
my recommendations for you guys:

1- play with small lots because the trend is huge, hence the retracement/stop loss might be huge so keep your lots smallest

2- never go long without a tight stop loss

3- dont open the trade when you feel itchy to open it, just open it when it reaches the ideal price

4- just open the order with the stop loss and take profit and go away from the PC


When life gives you lemons, make lemonade
  • #93,774
  • Oct 24, 2008 9:39am Oct 24, 2008 9:39am
Geez this room gets quiet when you guys are making profits... MA62 - the crossing point... lovely
Ride the Bulls bearback!
  • #93,775
  • Oct 24, 2008 9:40am Oct 24, 2008 9:40am
Quoting micho
my recommendations for you guys:

1- play with small lots because the trend is huge, hence the retracement/stop loss might be huge so keep your lots smallest

2- never go long without a tight stop loss

3- dont open the trade when you feel itchy to open it, just open it when it reaches the ideal price

4- just open the order with the stop loss and take profit and go away from the PC


Great advice !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,776
  • Oct 24, 2008 9:41am Oct 24, 2008 9:41am
Quoting micho
my recommendations for you guys:

1- play with small lots because the trend is huge, hence the retracement/stop loss might be huge so keep your lots smallest

2- never go long without a tight stop loss

3- dont open the trade when you feel itchy to open it, just open it when it reaches the ideal price

4- just open the order with the stop loss and take profit and go away from the PC



haha a tight sl in this market is 200+ pips!
USD Est Non Mortuus
  • #93,777
  • Oct 24, 2008 9:41am Oct 24, 2008 9:41am
shorted 5807, grabbed +119 pips. sweet. I couldn't get 1000 pips last night, but this is good enough!


GIMME MORE!
  • #93,778
  • Oct 24, 2008 9:42am Oct 24, 2008 9:42am
hi guys

as always with cable + euro price continue the down trend

i predict more massive falls will happen my friends and i
want as you but eye on technicals to put your eyes on fundamentals too.

and to be clear to you
all the buyers and the sellers are here in those threads and you know the forex basic rule
only 20% win and the other 80% loss
so try to figure it out by your mind

if you find most posts talk about retrace that will may happen you will find the price is going down, and if you find most posts talk about the continuation of down trend you will find price is going up .

and make it obvious to you about the trend guys.

from the day i start to post in euro+cable a 2000 pip drop
and still the trend is down.

and i still predict more bearish activity co
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  • #93,779
  • Oct 24, 2008 9:45am Oct 24, 2008 9:45am
Quoting m00jiman
shorted 5807, grabbed +119 pips. sweet. I couldn't get 1000 pips last night, but this is good enough!


GIMME MORE!
Congratz !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,780
  • Oct 24, 2008 9:47am Oct 24, 2008 9:47am
Quoting LuckyLurker
haha a tight sl in this market is 200+ pips!
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