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Cable Update (GBPUSD)

  • #95,001
  • Oct 31, 2008 4:54am Oct 31, 2008 4:54am
Quoting enoh james a
hi micho my main man good morning,hope u are getting all them pips,so today going to be like,it surely look bearish to me,a little analysing me bro.thanks your no 1 fan.
hi man
i will give u some reasons why not to trade today

1- today is friday
2- benny on tv tonight
3- we are in a bad position where price could still blow either ways because we are near the 38 Fibonacci's. a break of 1.6223 might send it way down while meanwhile it can still go up to the channel above 1.63

so its better not to trade today, just watch whats going to happen... unless u see some signals u know
When life gives you lemons, make lemonade
  • #95,002
  • Oct 31, 2008 4:55am Oct 31, 2008 4:55am
Dont think we can 1.5XXX.
Not today at least
  • #95,003
  • Oct 31, 2008 4:58am Oct 31, 2008 4:58am
see u laters
When life gives you lemons, make lemonade
  • #95,004
  • Oct 31, 2008 5:43am Oct 31, 2008 5:43am
On Thursday next week, BOE may cut 0.5% interest rate. Gbp/Usd will be down sharply to 1.5.
Give me patience
  • #95,005
  • Oct 31, 2008 6:24am Oct 31, 2008 6:24am
Quoting Bullfx
On Thursday next week, BOE may cut 0.5% interest rate. Gbp/Usd will be down sharply to 1.5.
awesome , should we start openning short positions??
  • #95,006
  • Oct 31, 2008 6:26am Oct 31, 2008 6:26am
Quoting micho
but you can still play with 0.1 lot
yes i can but its so difficult trying to go work and enter in this crazy ass market..
  • #95,007
  • Oct 31, 2008 6:31am Oct 31, 2008 6:31am
Quoting nAVIN2007
yes i can but its so difficult trying to go work and enter in this crazy ass market..
well i am playing with 0.1 from 875$... now i have 1588$ in 10 days but really picking the good signals and until now i didnt encounter a major trend reversal to wipe out my account...
but i had drawdown of -250$ for 2 days which i didnt close until it came back down because i am playing with the daily trend above 38% so its all good till now...
When life gives you lemons, make lemonade
  • #95,008
  • Oct 31, 2008 6:33am Oct 31, 2008 6:33am
Quoting micho
hi man
i will give u some reasons why not to trade today

1- today is friday
2- benny on tv tonight
3- we are in a bad position where price could still blow either ways because we are near the 38 Fibonacci's. a break of 1.6223 might send it way down while meanwhile it can still go up to the channel above 1.63

so its better not to trade today, just watch whats going to happen... unless u see some signals u know
Well put Micho, I am staying away today. Good luck guys!
  • #95,009
  • Oct 31, 2008 6:33am Oct 31, 2008 6:33am
Morning all.

On 15 m gann we just went above.So i went small short and close for 39pips.That is my new system.When break gann usualy retrace and then up again.Now waiting to go more down little and to go long.ON 30 m gann is about to be breking so could price go more up.On 1 hr ,4 hr and daily we are below.So My plan is to go long to some of this Gann level and then short agin if they don't break.On samler TF looking for signals for enter and close when come to this areas

623o-35 for long.1 hr gann is at 6315 area and 5 hr is 6490 area

Hope new system works.If any new data will let you know.
  • #95,010
  • Oct 31, 2008 6:37am Oct 31, 2008 6:37am
Quoting PipGal
Well put Micho, I am staying away today. Good luck guys!
staying away from me?
When life gives you lemons, make lemonade
  • #95,011
  • Oct 31, 2008 6:37am Oct 31, 2008 6:37am
6227 entered.Now i can
  • #95,012
  • Oct 31, 2008 6:48am Oct 31, 2008 6:48am
Just what i needed now.Reverse bearish divergance.Cant watch this.Good i take that 39 pips before so i can make SL little biger then usualy..Oh come on

Maybe i should stay with way of trading that is safe.

Oh...
  • #95,013
  • Oct 31, 2008 6:49am Oct 31, 2008 6:49am
With this reverse bearish divergance we might test 6160 area
  • #95,014
  • Oct 31, 2008 6:53am Oct 31, 2008 6:53am
Quoting \"expert\"
With this reverse bearish divergance we might test 6160 area
When life gives you lemons, make lemonade
  • #95,015
  • Oct 31, 2008 6:54am Oct 31, 2008 6:54am
Quoting micho
staying away from me?
LOL,. no, the market! You are funny Micho
  • #95,016
  • Oct 31, 2008 6:57am Oct 31, 2008 6:57am
Quoting PipGal
LOL,. no, the market! You are funny Micho
yep. im trying to stay away too... just took a quick 26 in the morning and now im watching this random illogical ranging

1.6123 key resistance level if we break it we might fall down.. but i dont think we will break it today hopefully we go up so that next week we get a nice opportunity to short again
When life gives you lemons, make lemonade
  • #95,017
  • Oct 31, 2008 7:01am Oct 31, 2008 7:01am
Quoting micho
yep. im trying to stay away too... just took a quick 26 in the morning and now im watching this random illogical ranging

1.6123 key resistance level if we break it we might fall down.. but i dont think we will break it today hopefully we go up so that next week we get a nice opportunity to short again
Exactly...precisely my thinking. Hoping for 66 today so I can short the crap out of it
  • #95,018
  • Oct 31, 2008 7:05am Oct 31, 2008 7:05am
Quoting PipGal
Exactly...precisely my thinking. Hoping for 66 today so I can short the crap out of it
1.66 you are too ambitious
When life gives you lemons, make lemonade
  • #95,019
  • Oct 31, 2008 7:08am Oct 31, 2008 7:08am
Quoting micho
1.66 you are too ambitious
We can only dream....I will be happy with 6280 close to 1H 62 EMA
  • #95,020
  • Oct 31, 2008 7:08am Oct 31, 2008 7:08am
Quoting micho
yep. im trying to stay away too... just took a quick 26 in the morning and now im watching this random illogical ranging

1.6123 key resistance level if we break it we might fall down.. but i dont think we will break it today hopefully we go up so that next week we get a nice opportunity to short again
Oh MIcho So happy that we are finaly on the same side.Especialy that i went long.BUT if this 15gann of mine flips again and he is at 6164 for now and we are alredy below 1 hr and 4 hr gann then that 6123 is so near and i think then it will be tpouched and maybe breaking that level.And this new retrace system of mine is .But it takes more then 1 try to make something good and working only next time i will try on demo and on real account playing all good system that i do.
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