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Cable Update (GBPUSD)

  • #94,641
  • Oct 29, 2008 10:34am Oct 29, 2008 10:34am
Quoting micho
what do you mean?
hi nate did u get my mail sent u a private one
  • #94,642
  • Oct 29, 2008 10:35am Oct 29, 2008 10:35am
I'm getting rich today guys! Just had another one closed out for +4, that makes +8 for the day! I don't know what I'm going to do with myself and all this money

I'm not leaving anything on the table today. She's volatile and ready to just explode some more.
Just digging in the trenches like everyone else!
  • #94,643
  • Oct 29, 2008 10:37am Oct 29, 2008 10:37am
They miss my SL for 3 pips.Uf.close very much.reverse bulish divergance on 5 min chart.If that plays out more up.But 5 m chart is to small time frame for taking this seriosly.And we are going back above 5 m gann.If close this way new battle for longs.
  • #94,644
  • Oct 29, 2008 10:38am Oct 29, 2008 10:38am
Quoting eohater
I'm getting rich today guys! Just had another one closed out for +4, that makes +8 for the day! I don't know what I'm going to do with myself and all this money

I'm not leaving anything on the table today. She's volatile and ready to just explode some more.
Which way will she explode is the question though!!!
Please ask questions and share your experiences with us all!
  • #94,645
  • Oct 29, 2008 10:38am Oct 29, 2008 10:38am
Hi guys....
What effect will be the Federal IR cut in about 30 minutes time ?
  • #94,646
  • Oct 29, 2008 10:39am Oct 29, 2008 10:39am
Quoting micho
i dont believe my eyes USDCAD 1.21!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1 holy shitttt
WHY I DIDN'T SELL YESTERDAY!!!! F**K
  • #94,647
  • Oct 29, 2008 10:40am Oct 29, 2008 10:40am
Quoting bkg102665
Which way will she explode is the question though!!!
Clueless bro! I'm not too worried if I don't get a ride. Every trade I've taken today, I've covered right away. I don't want her to get away and kick me in the nuts. The way she's looking, we could be seeing 1.69 sooner than 1.53.
Just digging in the trenches like everyone else!
  • #94,648
  • Oct 29, 2008 10:43am Oct 29, 2008 10:43am
Quoting eohater
Clueless bro! I'm not too worried if I don't get a ride. Every trade I've taken today, I've covered right away. I don't want her to get away and kick me in the nuts. The way she's looking, we could be seeing 1.69 sooner than 1.53.
Oh man now i have to make TP higher for 100 pips.
  • #94,649
  • Oct 29, 2008 10:50am Oct 29, 2008 10:50am
This thing has moved everytime I leave my desk.

Watch, I am leaving for couple of minutes, I wouldn't be surprised if she moved up!

  • #94,650
  • Oct 29, 2008 10:51am Oct 29, 2008 10:51am
Quoting enoh james a
hi nate did u get my mail sent u a private one
hi james,

im trying to reply to ur message but im getting this:

enoh james a has chosen not to receive private messages or may not be allowed to receive private messages. Therefore you may not send your message to him/her.


please read below my message:

hey james,

first of all, we are all here learning because trading is very risky and not always theorical...

the thing is you have to build your own system, even if you want to follow my posts or someone else's posts in here. you have to have your own system to make sure it gives you the same signal as ours. i am posting resistance/supports and target levels.. im not posting trades and advices to trade, u know what i mean... i want u to read more about forex because we all read... and play with money u can afford to lose... dont play with alot of money

read about fibonacci and rsi and look at different time frames from daily to 1 minute... and apply fibonacci on them
When life gives you lemons, make lemonade
  • #94,651
  • Oct 29, 2008 10:51am Oct 29, 2008 10:51am
Quoting eohater
some are expecting .75
yep, but dont fancy buying here if that happens!! 100+ pip whipsaw

rate cut days nearly always produce big upmoves prior to the announcement during the days trade. therefore this move has been predictable and easy to trade, same for stocks,

50 baked into the cake for sure, 75 - how higher will it go? risk reward not great now

cut 25 is the best for us, will be easy to trade, sell.
Trading is 80% Emotional, 20% Technical
  • #94,652
  • Oct 29, 2008 10:51am Oct 29, 2008 10:51am
Here's a war story for you. This was years back but right now reminds of the time. There was an interest rate statement due out and I was trading the AUD/USD, I was holding one position (can't remember long or short) and right when the announcement came out, she fell over 150 pips in less than 1m and then rose 250 pips the following minute (I can't remember the exact amount, but it was insane). I had my ass wiped and handed to me that day. For some reason, today reminds me of this.

Good luck to whoever is holding a position or going to enter a postion upon the announcement! I think I'll be sitting on my thumbs just looking for nice entries. Remember, you don't have to trade everyday to make money, you just have to take good trades when you do.
Just digging in the trenches like everyone else!
  • #94,653
  • Oct 29, 2008 10:53am Oct 29, 2008 10:53am
Quoting eohater
I'm getting rich today guys! Just had another one closed out for +4, that makes +8 for the day! I don't know what I'm going to do with myself and all this money

I'm not leaving anything on the table today. She's volatile and ready to just explode some more.
loooooooooooooooooooooooool
When life gives you lemons, make lemonade
  • #94,654
  • Oct 29, 2008 10:53am Oct 29, 2008 10:53am
Quoting eohater
Here's a war story for you. This was years back but right now reminds of the time. There was an interest rate statement due out and I was trading the AUD/USD, I was holding one position (can't remember long or short) and right when the announcement came out, she fell over 150 pips in less than 1m and then rose 250 pips the following minute (I can't remember the exact amount, but it was insane). I had my ass wiped and handed to me that day. For some reason, today reminds me of this.

Good luck to whoever is holding a position or going to enter a postion upon the announcement! I think I'll be sitting on my thumbs just looking for nice entries. Remember, you don't have to trade everyday to make money, you just have to take good trades when you do.
well said, day trading into announcement is just asking for it!! unless ur up 400 pips already!!
Trading is 80% Emotional, 20% Technical
  • #94,655
  • Oct 29, 2008 10:54am Oct 29, 2008 10:54am
Quoting cesarg
WHY I DIDN'T SELL YESTERDAY!!!! F**K
why didnt you?
When life gives you lemons, make lemonade
  • #94,656
  • Oct 29, 2008 10:54am Oct 29, 2008 10:54am
eohater drinks on you today
When life gives you lemons, make lemonade
  • #94,657
  • Oct 29, 2008 10:54am Oct 29, 2008 10:54am
Quoting micho
what do you mean?
That means I have (had) 400 pips profit in UCAD. Now at 300 and some change.
Just Trade It
  • #94,658
  • Oct 29, 2008 10:56am Oct 29, 2008 10:56am
Quoting micho
eohater drinks on you today
Nothing but top shelf!
Just digging in the trenches like everyone else!
  • #94,659
  • Oct 29, 2008 10:59am Oct 29, 2008 10:59am
MACD on 5 m is making lower highs and price not.If theare is no news tonight o would go short and set Tp for 100 pips minimum.But since waiting this news holdig longs.If go down SL will do the job.But it would be very nice to go short from Daily gann 6680 area for now.QQE on 4 hr is just below 50 level and on daily is about to cross.But on daily takes time to move(new daily candle).New 4 hr candle is in 2 minutes.Let see new momentum.if it is bulish and QQE cros 50 levelwell...

but it will neutral i think last 4 candle was to big.
  • #94,660
  • Oct 29, 2008 11:03am Oct 29, 2008 11:03am
I was just in a long and could not stand the pressure so I closed it so we should see a spike up in about 15 min
Please ask questions and share your experiences with us all!
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