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Cable Update (GBPUSD)

  • #94,601
  • Oct 29, 2008 11:27am Oct 29, 2008 11:27am
Quoting enoh james a
hey dude hope ur not calling me stupid,i was only trying to console u,i just believe the stupid wasnt meant 4 me,let me believe that
No, I call it to myself that I should be consistent to apply the system and no break the rule !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #94,602
  • Oct 29, 2008 11:28am Oct 29, 2008 11:28am
Quoting micho
well i hope we stay happy hahahah
anyway, my account is not big now its 1.5 k only so ur account is around that too i guess... dont worry play with 0.1 its stress free and dont panic when u see -100 -200, if u r with the daily overall trend the price will come back to u if u open it above the 38% level
  • #94,603
  • Oct 29, 2008 11:28am Oct 29, 2008 11:28am
Quoting Big Wave Rider
He has his own porn studio

I wish I did





Seriously, 1.6420... 1º target reached. closing half position for +385... 1.7180 is target for this Double bottom
  • #94,604
  • Oct 29, 2008 11:28am Oct 29, 2008 11:28am
Quoting ezmystic
the key is still a good entry point though and then lock in profits then it doesn't matter it you get stopped out several times because your still making a pip or 2 and at some point you will get a good long trade.
yep but sometimes u enter at the wrong time and u get -100
When life gives you lemons, make lemonade
  • #94,605
  • Oct 29, 2008 11:29am Oct 29, 2008 11:29am
Quoting nAVIN2007
well its all relative...but u definately in my books as a competent trader and u have shown nemerous times u know yur game

i cannot believe this b*tch is actually going up
nav check out my chart above I think it has been indicated for the last couple of days candles, but I admit I didn't see it until it went up and I looked at my charts to see why.

Hope your new job is ok
please DON'T copy my trades I am still learning
  • #94,606
  • Oct 29, 2008 11:30am Oct 29, 2008 11:30am
now this baby might find support at 1.6385 and up at 1.6448 to touch the target lets see
When life gives you lemons, make lemonade
  • #94,607
  • Oct 29, 2008 11:30am Oct 29, 2008 11:30am
Quoting ezmystic
\cheers nav, how is your hedge goin or did you get out?

Please coorect me if I'm wrong, but I think that from the daily chart below there is a tweezer type formation indicating the medium term uptrend we seem to be in.
can u believe i actually exited the hedge 2 weeks back.....im just watching to see how high she actually can go then sell...i cant imagine the downtrend is finished......unless i sell
  • #94,608
  • Oct 29, 2008 11:31am Oct 29, 2008 11:31am
Corn and Wheat futures are skyrocketing
There must be a freeze in area's where they have not harvested yet.
Just Trade It
  • #94,609
  • Oct 29, 2008 11:32am Oct 29, 2008 11:32am
Quoting micho
yep but sometimes u enter at the wrong time and u get -100
I know mate I've done it several times, but when it comes back to you I think locking in the profits once you're about +30 pips is the way to go
please DON'T copy my trades I am still learning
  • #94,610
  • Oct 29, 2008 11:34am Oct 29, 2008 11:34am
Quoting ezmystic
I know mate I've done it several times, but when it comes back to you I think locking in the profits once you're about +30 pips is the way to go
well it depends... most of the time i set it to BE or i exit it
When life gives you lemons, make lemonade
  • #94,611
  • Oct 29, 2008 11:35am Oct 29, 2008 11:35am
pipgal
Attached Image
When life gives you lemons, make lemonade
  • #94,612
  • Oct 29, 2008 11:36am Oct 29, 2008 11:36am
ok target roughly touched 1.6445... give or take 3 pips
When life gives you lemons, make lemonade
  • #94,613
  • Oct 29, 2008 11:37am Oct 29, 2008 11:37am
Quoting ezmystic
\cheers nav, how is your hedge goin or did you get out?

Please coorect me if I'm wrong, but I think that from the daily chart below there is a tweezer type formation indicating the medium term uptrend we seem to be in.

....bullish engulfing pattern was the big clue...but with a downtrend like this..couldnt trust it
Attached Image (click to enlarge)
Click to Enlarge Name: bulldog.com.jpg Size: 123 KB
  • #94,614
  • Oct 29, 2008 11:38am Oct 29, 2008 11:38am
hola next resistance 1.6651 which is the 61% of the daily
When life gives you lemons, make lemonade
  • #94,615
  • Oct 29, 2008 11:38am Oct 29, 2008 11:38am
Quoting nAVIN2007
can u believe i actually exited the hedge 2 weeks back.....im just watching to see how high she actually can go then sell...i cant imagine the downtrend is finished......unless i sell
that would be typical, hope it wasn't too bad for ya. Are you trading on a practice account even if you can't or aren't trading on your real money account because it would be good practice and it doesn't matter if you blow it .

I have also started taking a screen shot and labelling the chart like I post of every trade I make good or bad to look back over and work out and try and understand mistakes and good points. I also saved eo's charts to look over and compare they have helped me loads.
please DON'T copy my trades I am still learning
  • #94,616
  • Oct 29, 2008 11:39am Oct 29, 2008 11:39am
Quoting micho
pipgal
LOL!

It seems to want to skyrocket!

I wish I had taken the long trade but too dangerous to enter now
  • #94,617
  • Oct 29, 2008 11:39am Oct 29, 2008 11:39am
Quoting nAVIN2007
....bullish engulfing pattern was the big clue...but with a downtrend like this..couldnt trust it
yup
When life gives you lemons, make lemonade
  • #94,618
  • Oct 29, 2008 11:42am Oct 29, 2008 11:42am
Quoting PipGal
LOL!

It seems to want to skyrocket!


zupport 1.6385
Attached Image
When life gives you lemons, make lemonade
  • #94,619
  • Oct 29, 2008 11:43am Oct 29, 2008 11:43am
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..I am long for now.See ya
As i said north day for cable.Moving my TP to 6800 area.If USD make rate cuts this will go even higher.Question is how much will they cut.If they 0.25 we might then go down.If we don't have rate cut we will fall i think hard.They might take that rate cut for next week together with ECB.This finacial down move is global so we might have global rate cut at same time so the market won;t get crazy.If they cut 0.5 no big move i think because price is alredy up and we all expect them to cut 0.5%.If they cut more then cable will go as a bird up.This 6400 pivot line should be nice support untill news but we will see.
When all this crazy thing with rates get over we might see new lows again because GBP needs to cut as well.Just need to see will they do it together or not and how much.And GBP have bad data as well maybe even worst then USD.That daily gann i was talking about is now arround 6650-90 area.

All guys who was seeing this at 57xx area as possible on rate cut fday for USD...Well next time think again

See ya tonight

trade well
  • #94,620
  • Oct 29, 2008 11:44am Oct 29, 2008 11:44am
Navin could you tell me the name of the green indicator top right of your screen and do you know where i should look for it,

many thanks
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