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Cable Update (GBPUSD)

  • #93,921
  • Oct 24, 2008 11:50am Oct 24, 2008 11:50am
Quoting 4rexLady_de
this is what I have read about as spider-formation, which should indicate a change in trend, too...
ahh i see
u see on the chart it failed to make a new high so it was only ever going down, wicks facing north
downtrend: Lower low, lower highs
uptrend :higher highs . higher lows

please tell me yur still not long @ those entries?
  • #93,922
  • Oct 24, 2008 11:52am Oct 24, 2008 11:52am
Quoting dakrusha
why is it called the spider? i don't see a spider there
well, imagine looking at a tarantula from the front...then you can see the double tops as the knees...the middle top as the body and the left and right candles at the outside are the legs...
  • #93,923
  • Oct 24, 2008 11:56am Oct 24, 2008 11:56am
Quoting nAVIN2007
ahh i see
u see on the chart it failed to make a new high so it was only ever going down
downtrend: Lower low, lower highs
uptrend :higher highs . higher lows

please tell me yur still not long @ those entries?
Nope, I am not long...just trying to learn now, either what to do next now - when to short - or when weŽll see a change of trend...so I can understand that one of these formations could indicate a change of the downtrend, too...right?
I am not trading live on my own yet because I am not confident enough...only demo. But have been doing so for 5 months now....got lucky sometimes and failed just miserable at others
Think, that is the way it is as a newbie...
  • #93,924
  • Oct 24, 2008 12:00pm Oct 24, 2008 12:00pm
Quoting 4rexLady_de
Nope, I am not long...just trying to learn now, either what to do next now - when to short - or when weŽll see a change of trend...so I can understand that one of these formations could indicate a change of the downtrend, too...right?
I am not trading live on my own yet because I am not confident enough...only demo. But have been doing so for 5 months now....got lucky sometimes and failed just miserable at others
Think, that is the way it is as a newbie...

read the james16 thread....that place will help u big time
  • #93,925
  • Oct 24, 2008 12:02pm Oct 24, 2008 12:02pm
Quoting nAVIN2007
read the james16 thread....that place will help u big time
Thx a bunch 4 the hint...will do that
  • #93,926
  • Oct 24, 2008 12:02pm Oct 24, 2008 12:02pm
you'd be wise to watch the markets on TV cuz GU is following DOW again....dow just gained a bunch...keep ur eyes open
  • #93,927
  • Oct 24, 2008 12:04pm Oct 24, 2008 12:04pm
SEE dow now losing and so is GU
  • #93,928
  • Oct 24, 2008 12:05pm Oct 24, 2008 12:05pm
Whoa!!! Good thing I closed my shorts earlier... That was a hell of a bounce... That's why I don't like Freaky Fridays .. I hope everyone closed their shorts in profit...
Patience + Discipline - Greed = Success
  • #93,929
  • Oct 24, 2008 12:06pm Oct 24, 2008 12:06pm
I'm done trading today but if she should get to the 1h 50ema again. I'll be following my own advice this time and going short. I'm kicking myself in the ass for not taking the trade that I had called out yesterday. I'm drooling over 6 lots for 1000 pips. I could use an additional 60K!
Just digging in the trenches like everyone else!
  • #93,930
  • Oct 24, 2008 12:07pm Oct 24, 2008 12:07pm
Quoting eohater
I'm done trading today but if she should get to the 1h 50ema again. I'll be following my own advice this time and going short. I'm kicking myself in the ass for not taking the trade that I had called out yesterday. I'm drooling over 6 lots for 1000 pips. I could use an additional 60K!

HAHA...i wet myself just thinking bout seeing that kind of trade....OOOHHH baby!!!!
  • #93,931
  • Oct 24, 2008 12:07pm Oct 24, 2008 12:07pm
Quoting eohater
I'm done trading today but if she should get to the 1h 50ema again. I'll be following my own advice this time and going short. I'm kicking myself in the ass for not taking the trade that I had called out yesterday. I'm drooling over 6 lots for 1000 pips. I could use an additional 60K!
Patience + Discipline - Greed = Success
  • #93,932
  • Oct 24, 2008 12:10pm Oct 24, 2008 12:10pm
i think we're going directly to 1.445-1.435 zone before turn the trend. technically every fibo expansions guide to that place. but, you know how is this....
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  • #93,933
  • Oct 24, 2008 12:10pm Oct 24, 2008 12:10pm
Quoting dakrusha
HAHA...i wet myself just thinking bout seeing that kind of trade....OOOHHH baby!!!!
I know what you mean. After I typed it I had to go clean up!
Just digging in the trenches like everyone else!
  • #93,934
  • Oct 24, 2008 12:11pm Oct 24, 2008 12:11pm
I'm out guys....have agreat weekend..
catch you all next week
  • #93,935
  • Oct 24, 2008 12:11pm Oct 24, 2008 12:11pm
Quoting eohater
I'm done trading today but if she should get to the 1h 50ema again. I'll be following my own advice this time and going short. I'm kicking myself in the ass for not taking the trade that I had called out yesterday. I'm drooling over 6 lots for 1000 pips. I could use an additional 60K!
wow if u did that trade!!!!!!but theres no way to have own this day was gonna be like this.....i nearly went long yesterday...and i reckon if u did would have blown up my pc

man i would have been so pissed
  • #93,936
  • Oct 24, 2008 12:12pm Oct 24, 2008 12:12pm
Quoting cesarg
i think we're going directly to 1.445-1.435 zone before turn the trend. technically every fibo expansions guide to that place. but, you know how is this....
I haven't ran them and I will this weekend but what do your fibs tell you from the top and bottom on the monthly chart? Please use the highest point ever on monthly and the lowest point.
Just digging in the trenches like everyone else!
  • #93,937
  • Oct 24, 2008 12:12pm Oct 24, 2008 12:12pm
Quoting eohater
I know what you mean. After I typed it I had to go clean up!
HAHAH...EWWW!!!!
  • #93,938
  • Oct 24, 2008 12:12pm Oct 24, 2008 12:12pm
good weekend guys
  • #93,939
  • Oct 24, 2008 12:15pm Oct 24, 2008 12:15pm
Quoting nAVIN2007
....but theres no way to have own this day was gonna be like this.....
Your right! There was no way to have known it would have fallen like a brick outta the sky. But whenever she hasn't touched the 1h 50ema or 1h 62ema for a while. She usually produces a nice kick back from where she came. I could have entered and just managed the trade down. The pisser is I was long to the 1h 50ema yesterday about this time and closed out just shy of it. Then she touched and 15m into the new hour she confirmed she was going to fall for a minute. DAMNIT DAMNIT DAMNIT It's hard to come off of one trade and go directly the opposite direction. I'm working on this though! I want to get it down!
Just digging in the trenches like everyone else!
  • #93,940
  • Oct 24, 2008 12:16pm Oct 24, 2008 12:16pm
Quoting dakrusha
I'm out guys....have agreat weekend..
catch you all next week
Later on!
Just digging in the trenches like everyone else!
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