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Cable Update (GBPUSD)

  • #93,801
  • Oct 24, 2008 11:09am Oct 24, 2008 11:09am
Hi everyone heres what ive been looking at today ,price now testing old support after bouncing off quaterly TL.I will be looking at the daily very closely if we get over that old support .
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #93,802
  • Oct 24, 2008 11:16am Oct 24, 2008 11:16am
Quoting ezmystic
I put on big stop loss 200 pips or so, but don't target 200 pips, just get into profit by 30 pips or so and set to beak even +1, then let her ride or aim to spot a 'get out' candle like eohater has shown us. Alot of the time I get a good profit and then think oh no I have to protct it and just get out. I really have to work on my exit.

what I'm saying tho nav is just get in at good entry with large SL and then when it gets into positive +30ish move to BE and don't worry about targeting 200 pips from one trade.

It sometimes goes -50ish pips before coming back and as long as you made good entry and with the trend of the timeframe and direction of particular trade you should be alright, just don't panic.

\good luck mate hope this helps
thanks bro but in the end u will end up being wrong and u will loss one trade which will wipe possibly 4 winning trades..u have to careful of this

as a rule whatever yur stop is the reward need at least to = it. this is a game of probability and to cover out winning i think its the way to go. Ecohater because of his experience trades like i trade on a demo but i just dont have this form on live account no matter what i do.....and this market condition is what i call an extreme so i cant take the chance here....but im gonna work at it (maybe account size is to small)

be carefull bro
  • #93,803
  • Oct 24, 2008 11:17am Oct 24, 2008 11:17am
i think this uptrend will end around 1.6050, because is the 100% expansion for the old LL @ 1.7445. all movement from there till now are exactly with such LL.
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  • #93,804
  • Oct 24, 2008 11:20am Oct 24, 2008 11:20am
Quoting Bones
Hi everyone heres what ive been looking at today ,price now testing old support after bouncing off quaterly TL.I will be looking at the daily very closely if we get over that old support .
lovin the quarterly chart..man are they usefull in situations like this
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  • #93,805
  • Oct 24, 2008 11:22am Oct 24, 2008 11:22am
Quoting LuckyLurker
lol this might be one of those 300 point drop in 3 minute days.
You think so?
I think it's on the way to reversal since many central banks are dumping usd now
  • #93,806
  • Oct 24, 2008 11:24am Oct 24, 2008 11:24am
Quoting Bones
Hi everyone heres what ive been looking at today ,price now testing old support after bouncing off quaterly TL.I will be looking at the daily very closely if we get over that old support .
welcome back bones
When life gives you lemons, make lemonade
  • #93,807
  • Oct 24, 2008 11:24am Oct 24, 2008 11:24am
Heres my 10 min and 4 hour chart as well.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #93,808
  • Oct 24, 2008 11:29am Oct 24, 2008 11:29am
Quoting Bones
Heres my 10 min and 4 hour chart as well.
good stuff tone! damn man jur charts are looking even better!! good to see bro
  • #93,809
  • Oct 24, 2008 11:30am Oct 24, 2008 11:30am
Quoting gagakrimba
You think so?
I think it's on the way to reversal since many central banks are dumping usd now
I dont care either way, but I do feel we are a long way from calling a bottom.
USD Est Non Mortuus
  • #93,810
  • Oct 24, 2008 11:30am Oct 24, 2008 11:30am
Just thought Id post somthing worth reading you get back to your failed systems,lol

Quoting micho
welcome back bones
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #93,811
  • Oct 24, 2008 11:33am Oct 24, 2008 11:33am
Quoting Bones
Just thought Id somthing worth reading you get back to your failed systems,lol
Welcome back bro and thank you for your excellent charts!! Don't be put off by negative comments because your contribution is greatly appreciated...
Patience + Discipline - Greed = Success
  • #93,812
  • Oct 24, 2008 11:36am Oct 24, 2008 11:36am
if we recall the new world order theories, we could be seeing the end of the actual currencies as we know till now... if those theories are right, so 1º we see parity in between some mayors: 1 pound=1 dollar=1 euro=100 yens... only to say exchange markets are not needed anymore , after that, USD and CAD dissapear from the mayors, and Amero appears as the new currency for the NAU, with the parity with Euro, and GBP enter into the Euro

well, i don't know.... anything is possible
  • #93,813
  • Oct 24, 2008 11:39am Oct 24, 2008 11:39am
Thanks mate I'm glad to see some of my friends left here,it seems to have all changed,I do miss seeing some of the old regulars posts ,I suppose things move on.
These crazy moves can easily wipe you out I guess.


Quoting Infinity
Welcome back bro and thank you for your excellent charts!! Don't be put off by negative comments because your contribution is greatly appreciated...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #93,814
  • Oct 24, 2008 11:39am Oct 24, 2008 11:39am
Quoting Bones
Just thought Id post somthing worth reading you get back to your failed systems,lol
Great analysis ! Long session might be begun by next week ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,815
  • Oct 24, 2008 11:40am Oct 24, 2008 11:40am
Quoting Bones
Just thought Id post somthing worth reading you get back to your failed systems,lol
i am not negative yoooo
im so fucking sleepy thats all
When life gives you lemons, make lemonade
  • #93,816
  • Oct 24, 2008 11:40am Oct 24, 2008 11:40am
i must say looking at the 1 hr chart it certainly looks like a opportunity to short.only its friday and that time of day....

if any1 is looking to take it for goodness sake wait for the next candle to confirm
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  • #93,817
  • Oct 24, 2008 11:44am Oct 24, 2008 11:44am
Quoting LuckyLurker
I dont care either way, but I do feel we are a long way from calling a bottom.
I agree with you there Lurker... Depending on the close today we could have some retracement but the weekly chart has one monster of a candle....2000 pips ... I see a lot of possibilities.. We could go to 1.6500, then 1.4500 or we could go to 1.4500 in a straight line .......either way... it seems that at the end of the day, the hole is deep...
Patience + Discipline - Greed = Success
  • #93,818
  • Edited 5:10pm Oct 24, 2008 11:45am | Edited 5:10pm
I'm sorry Micho,thats not what it looked like


Quoting micho
i am not negative yoooo
im so fucking sleepy thats all
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #93,819
  • Oct 24, 2008 11:46am Oct 24, 2008 11:46am
Quoting Bones
Thanks mate I'm glad to see some of my friends left here,it seems to have all changed,I do miss seeing some of the old regulars posts ,I suppose things move on.
These crazy moves can easily wipe you out I guess.
trust me plenty in here missing yur charts..i do hope that the regulars that aint here havent blown there accounts..these moves are hectic

I for one very happy to see u back bro
  • #93,820
  • Oct 24, 2008 11:47am Oct 24, 2008 11:47am
Quoting Bones
Thanks mate I'm glad to see some of my friends left here,it seems to have all changed,I do miss seeing some of the old regulars posts ,I suppose things move on.
These crazy moves can easily wipe you out I guess.
That's right bro...
Patience + Discipline - Greed = Success
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