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Cable Update (GBPUSD)

  • #94,481
  • Oct 29, 2008 2:01am Oct 29, 2008 2:01am
It has ran out of steam.
I guess it is southbound now
  • #94,482
  • Oct 29, 2008 2:06am Oct 29, 2008 2:06am
Quoting \"expert\"
Hi all.Well i did see my 5400 but no more.To bad it would be a nice ride. to 5300.But almost 180 pips on that one.Nice.

Today small short to 6000 and then long fromm 6000.I think we have place to go to next pivot line 6205 maybe and i am still long looking to see what will happend to this long.ON all TF below daily we are above gann so long then untill we break that gann.Hope to see testing of daily gannn maybe.Willl see.
For the first time for a long time i have some blue lines on 1 hr chart.Might go up

In short untill below this pivot at 6004 level and breaking gann on 15m minimum and momentum below 0 no shorts for me.I am long for now.See ya
6215 price now
Closed because huge taking profit will start now and price will fall.but 6270 area looks possible later maybe
250 pips in 1 hr work.Thak you very much.What will i do in us session then.

My thinking is that be carefull with shorts.Maybe as sculp or somthing.Today is big north day for cable for now.Will see later but daily is above and we might test it.For all of guys from yesterday which i was writing this was a trade with 20 pips SL not 200 like they are saying.No need for 200 pip Sl to take 400pips.Good trader takes 400 pips with smll SL.Sorry guys better learn something from this then just write wheare are Support and resistance lines.

To all others who are new don't trade because somebody say this might be and even he don't take that trade.BE CAREFULL WHO YOU ARE REDING.They will say later "i never told you to do that".
Se ya later.I am on yahoo for now.
  • #94,483
  • Oct 29, 2008 2:10am Oct 29, 2008 2:10am
Quoting \"expert\"
6215 price now
Closed because huge taking profit will start now and price will fall.but 6270 area looks possible later maybe
250 pips in 1 hr work.Thak you very much.What will i do in us session then.

My thinking is that be carefull with shorts.Maybe as sculp or somthing.Today is big north day for cable for now.Will see later but daily is above and we might test it.For all of guys from yesterday which i was writing this was a trade with 20 pips SL not 200 like they are saying.No need for 200 pip Sl to take 400pips.Good trader takes 400 pips with smll SL.Sorry guys better learn something from this then just write wheare are Support and resistance lines.

To all others who are new don't trade because somebody say this might be and even he don't take that trade.BE CAREFULL WHO YOU ARE REDING.They will say later \"i never told you to do that\".
Se ya later.I am on yahoo for now.
What's happening here, starting to set up for the big north?
  • #94,484
  • Oct 29, 2008 2:13am Oct 29, 2008 2:13am
dam, went short at 6038 off 1 hr 62ema roughly and didn;t wait for signal. . On close of 15min bar signal was lng, but too late. Still in short should have got out when against me.
please DON'T copy my trades I am still learning
  • #94,485
  • Oct 29, 2008 2:17am Oct 29, 2008 2:17am
closed my 2 shorts of USDJPY for +140 and -40
When life gives you lemons, make lemonade
  • #94,486
  • Oct 29, 2008 2:20am Oct 29, 2008 2:20am
short with da cable now a.6124 target 1.5794
When life gives you lemons, make lemonade
  • #94,487
  • Oct 29, 2008 2:26am Oct 29, 2008 2:26am
Quoting ezmystic
dam, went short at 6038 off 1 hr 62ema roughly and didn;t wait for signal. . On close of 15min bar signal was lng, but too late. Still in short should have got out when against me.
That is the problem with emas .They are just possible support and resistance level.You need more things then just go short at 1 hr 50 or 62.I dont know what was you confrm strategy on 15 m but try some indicator else.Not just emas,Macd CCI,RSI,STOCH momentum maybe

When you use 2 type of indictors and they are telling the same then...
If not better not to trade.I am not saying that this will not fall to that area again but today is rate cut in USD.So everybody are selling USD.And that will go all day i think.In every session will bemoves like this.I have stupid idea of 6400 even more for now for today.Will see how my gann moves.

But if today US delay that cut for next week so they will be able to do that together with ECB, or do not make cut as forecast then cable will fall like a rock.Just thinking not advice to trade that way.Will see.

See ya
  • #94,488
  • Oct 29, 2008 2:29am Oct 29, 2008 2:29am
but probably might fall to the 1.5x area prior to the rate cut, lets see
When life gives you lemons, make lemonade
  • #94,489
  • Oct 29, 2008 2:45am Oct 29, 2008 2:45am
closed for a quick +54
When life gives you lemons, make lemonade
  • #94,490
  • Oct 29, 2008 2:47am Oct 29, 2008 2:47am
O 1 more thing.Be carefull of guys who just say how much pips made with out saying when will enter and when close.That way you don't know are yhey good trader or just show of.When he makes 6 or 7 minimum godd forecast and just 3 bad then he is good in my opinion.That is how i did learn all things and choose who to follow in my learning.

I did this show of a lot.So be carefull.

Don't write on private can't answer all.I will be on some messenger

See ya
  • #94,491
  • Oct 29, 2008 2:48am Oct 29, 2008 2:48am
closed position -30ish pips. will wait for another setup.still up 120pips this week.
please DON'T copy my trades I am still learning
  • #94,492
  • Oct 29, 2008 2:51am Oct 29, 2008 2:51am
sh*t should have sat on it I'd be fine now
please DON'T copy my trades I am still learning
  • #94,493
  • Oct 29, 2008 2:51am Oct 29, 2008 2:51am
Quoting \"expert\"
O 1 more thing.Be carefull of guys who just say how much pips made with out saying when will enter and when close.That way you don't know are yhey good trader or just show of.When he makes 6 or 7 minimum godd forecast and just 3 bad then he is good in my opinion.That is how i did learn all things and choose who to follow in my learning.

I did this show of a lot.So be carefull.

Don't write on private can't answer all.I will be on some messenger

See ya
listen asswipe, i am really sick of you and your posts. if you were referring to my post in your stupid opinion just go back and read the last posts.
When life gives you lemons, make lemonade
  • #94,494
  • Oct 29, 2008 2:54am Oct 29, 2008 2:54am
Quoting ezmystic
sh*t should have sat on it I'd be fine now
its ok u will get another opportunity
When life gives you lemons, make lemonade
  • #94,495
  • Oct 29, 2008 2:54am Oct 29, 2008 2:54am
hello price is at 1.6020 is it safe to go short here.thanks
  • #94,496
  • Oct 29, 2008 2:59am Oct 29, 2008 2:59am
Quoting micho
its ok u will get another opportunity
I know losses are just part of the game. was a stupid move by me on that though taking the loss when it was heading my way. Oh well onto the next trade.

cheers bro
please DON'T copy my trades I am still learning
  • #94,497
  • Oct 29, 2008 3:00am Oct 29, 2008 3:00am
hello micho...whats up dude..i've been reading your post all the time..so whats your opinion for today's market?do u think today its gonna be freefall?
  • #94,498
  • Oct 29, 2008 3:01am Oct 29, 2008 3:01am
Quoting ezmystic
I know losses are just part of the game. was a stupid move by me on that though taking the loss when it was heading my way. Oh well onto the next trade.

cheers bro
i closed my short as well i could have won additional 40 or 50 now but i am getting hit on BE many times, and today maybe it will bounce up and down alot so i dont want BE again i want pips
When life gives you lemons, make lemonade
  • #94,499
  • Oct 29, 2008 3:03am Oct 29, 2008 3:03am
Quoting mrmunir
hello micho...whats up dude..i've been reading your post all the time..so whats your opinion for today's market?do u think today its gonna be freefall?
as"expert" said, maybe thats the only thing right he said in his post, the rate cut is today... so maybe its already priced in the market but its gonna be volatile and dangerous to play because we are already near the 61% Fibonacci line, if we break it then it will be trend reversal... i am being cautious today thats all
When life gives you lemons, make lemonade
  • #94,500
  • Oct 29, 2008 3:05am Oct 29, 2008 3:05am
Quoting micho
listen asswipe, i am really sick of you and your posts. if you were referring to my post in your stupid opinion just go back and read the last posts.
We are seeing some loving here. Well just show us off your trades and we'll see who's better on the two of you
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