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Cable Update (GBPUSD)

  • #95,141
  • Oct 31, 2008 3:13pm Oct 31, 2008 3:13pm
Quoting musani
But im realy is this a right time to start long my friends and now we are at the lowers price? How can i diside it where to go?? But i trust all of u in the forum that i have learn alot...(at the moment)
Do nothing right now! It's the weekend and enjoy and relax. Be prepared to battle again when the market opens back up.

I'm getting ready to start my partying for the weekend in 10m.

Hope everyone made good money today!
Just digging in the trenches like everyone else!
  • #95,142
  • Oct 31, 2008 3:18pm Oct 31, 2008 3:18pm
Quoting eohater
Do nothing right now! It's the weekend and enjoy and relax. Be prepared to battle again when the market opens back up.

I'm getting ready to start my partying for the weekend in 10m.

Hope everyone made good money today!


HOLLA
  • #95,143
  • Oct 31, 2008 3:19pm Oct 31, 2008 3:19pm
Quoting eohater
Do nothing right now! It's the weekend and enjoy and relax. Be prepared to battle again when the market opens back up.

I'm getting ready to start my partying for the weekend in 10m.

Hope everyone made good money today!
Not much today, lost -45, 1 trade, thats it! Busy at work today.
But I'm up 200+ for the week.

Parrty starts soon!
  • #95,144
  • Oct 31, 2008 3:23pm Oct 31, 2008 3:23pm
Quoting eohater
Do nothing right now! It's the weekend and enjoy and relax. Be prepared to battle again when the market opens back up.

I'm getting ready to start my partying for the weekend in 10m.

Hope everyone made good money today!
That i call a signalThanks bro, Lets have a party....
GELORE
  • #95,145
  • Oct 31, 2008 3:29pm Oct 31, 2008 3:29pm
Quoting musani
But im realy is this a right time to start long my friends and now we are at the lowers price? How can i diside it where to go?? But i trust all of u in the forum that i have learn alot...(at the moment)
The way you say 'my friends' leads me to believe you are in fact john McCain- you should be out there saying Barrack picks his nose in the bath or something - not doing forex

I will let you into a little secret my fellow prisoners - NOBODY knows where this is going

If we did we could....well.... well nobody has a time machine that I know of - if they have I will swap it them for my motor bike - its a 2008

If you believe what I am saying then you will have learned a lot - and if you don't believe what I or anyone else says you will have learned a lot more

ok egg sandwich time on the pacific coast
  • #95,146
  • Oct 31, 2008 3:37pm Oct 31, 2008 3:37pm
Will there be GAP next week ?
  • #95,147
  • Oct 31, 2008 3:39pm Oct 31, 2008 3:39pm
Quoting allserene
The way you say 'my friends' leads me to believe you are in fact john McCain- you should be out there saying Barrack picks his nose in the bath or something - not doing forex

I will let you into a little secret my fellow prisoners - NOBODY knows where this is going

If we did we could....well.... well nobody has a time machine that I know of - if they have I will swap it them for my motor bike - its a 2008

If you believe what I am saying then you will have learned a lot - and if you don't believe what I or anyone else says you will have learned a lot more

ok egg sandwich time on the pacific coast
Very well said! We don't know where she's going, only where she's been.
Just digging in the trenches like everyone else!
  • #95,148
  • Oct 31, 2008 3:40pm Oct 31, 2008 3:40pm
Quoting allserene
The way you say 'my friends' leads me to believe you are in fact john McCain- you should be out there saying Barrack picks his nose in the bath or something - not doing forex

I will let you into a little secret my fellow prisoners - NOBODY knows where this is going

If we did we could....well.... well nobody has a time machine that I know of - if they have I will swap it them for my motor bike - its a 2008

If you believe what I am saying then you will have learned a lot - and if you don't believe what I or anyone else says you will have learned a lot more

ok egg sandwich time on the pacific coast
Now i get the point. I will learn more as i could from all of u then.
Thanks for an advice n keep in touch then. Party time and have a good rest bro
GELORE
  • #95,149
  • Oct 31, 2008 3:45pm Oct 31, 2008 3:45pm
Quoting eohater
Very well said! We don't know where she's going, only where she's been.
Party i guest
GELORE
  • #95,150
  • Oct 31, 2008 3:50pm Oct 31, 2008 3:50pm
Quoting musani
Party i guest
The partying has begun for me. I had a great week. Hit my goal today and made some extra change. I missed alot of pips today, but I was busy at the office taking care of my first love. There's always more to be had and I'll wait for her to tell me when I can have them.

I hope you had a good week. I'll be on later tonight after the trick or treating and family time is over. I'll start getting my charts posted again since end of month is over for me and I can resume a normal schedule again.
Just digging in the trenches like everyone else!
  • #95,151
  • Oct 31, 2008 3:51pm Oct 31, 2008 3:51pm
[quote=musani;2319363]Party i guest/quote]

yes if u want to learn anything ..know this when she moves u must learn when to enter.all about trading the momentum...observe EO and his post..then u will see the light

sounds easy but it require u being one with the market...star wars shit!!!!!!

good weekend guys and girls....it party time
  • #95,152
  • Oct 31, 2008 3:55pm Oct 31, 2008 3:55pm
Quoting nAVIN2007
yes if u want to learn anything ..know this when she moves u must learn when to enter.all about trading the momentum...observe EO and his post..then u will see the light

sounds easy but it require u being one with the market...star wars shit!!!!!!

good weekend guys and girls....it party time
Have a good weekend bro! You be on later?
Just digging in the trenches like everyone else!
  • #95,153
  • Oct 31, 2008 3:58pm Oct 31, 2008 3:58pm
Quoting musani
Now i get the point. I will learn more as i could from all of u then.
Thanks for an advice n keep in touch then. Party time and have a good rest bro
There is some good advice on here but the general stuff is best - once somebody puts a position on they are cheering it on - up or down 'drill baby drill' or 'moose baby moose' or 'ignorant baby ignorant'

The general stuff like 'its best to wait for a retracement' then go back with the trend ' ---- is really useful and making money on retracements against the trend is risky - but doable with huge care and small positions

and trading through the news is risky

so general stuff like that is good , but - 'where are we going now' - is just anyone's guess and its best to lose your money through your own assessments

I make guesses as to where it's going but i hope nobody ever trades that...
  • #95,154
  • Oct 31, 2008 4:01pm Oct 31, 2008 4:01pm
[quote=eohater;2319368]
Quoting nAVIN2007

Have a good weekend bro! You be on later?

absolutely bro
im opening with a new broker next week i hope then im looking to get pips, i think my problem is the amaount i have in my account and for me to place trades i need to lower my risk,...get my confidence back then hopefully i should be ok
  • #95,155
  • Oct 31, 2008 4:32pm Oct 31, 2008 4:32pm
Here are the closing charts for the month, week, day, h4 and h1..
I still remain bearish going into the election and also the rate decisions for boe and ecb next week. We closed below significant resistance areas and rejection was strong on each test.. I will be selling all rallies unless Mccain wins next week.......Enjoy your weekend guys and dont' forget to party....
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Patience + Discipline - Greed = Success
  • #95,156
  • Edited 5:24pm Oct 31, 2008 5:07pm | Edited 5:24pm
Good day guys,

Well as for me, according to my 1hr chart, my rsi shows over sold but it is generally a downtrend since a candle stick has formed below the two 100 and 50 moving averages so i know that gbp/usd will experience a little reversal up to 1.6212 before continuing the bearish trend to the next support level which is 1.5546



Happy weekend
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  • #95,157
  • Nov 2, 2008 2:01am Nov 2, 2008 2:01am
Quoting eohater
Very well said! We don't know where she's going, only where she's been.
yeah after this week, i will be looking for smaller profits.
i'm a little tired of setting up a trade, watching it go 50 pips in my favor and killing my BE SL.

As for this next week, we have a new month, a very early christmas season opening, new low fuel prices in CA now below $3 for super, and a week of elections. If you think you know what's going to happen you are truly nuts.

this week i will be out of town most of the week at an auto trade show in vegas, but believe me, i will be trading all month with high caution lower TP's and a secure BE SL on every trade.

I would love to be totally wrong here and watch it be super easy to grab 100 pips at a time. and if so you know i'll be swingin for the fences.

you guys have an awesome week.
  • #95,158
  • Edited 12:42pm Nov 2, 2008 2:31am | Edited 12:42pm
hi traders.

as always with cable + euro price continue the down trend
as you see in my charts my friends the beginning of the last week was tend to be
bullish , but as you see in my daily charts the beers return to take control , + in my 4hr charts another one more down breakout
which make me forecast the end of the retrace for both cable+euro &the rule of bearish trend again.

& i want you my fellow traders to take care of fundamental as you take care of technicals :

and to be clear to you
all the buyers and the sellers are here in those threads and you know the forex basic rule
only 20% win and the other 80% loss
so try to figure it out by your mind

if you find most posts talk about retrace that will may happen you will find the price is going down, and if you find most posts talk about the continuation of down trend you will find price is going up .
they call this trick (news).

so trade well guys and have fun.
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  • #95,159
  • Nov 2, 2008 9:30am Nov 2, 2008 9:30am
Quoting dakrusha
yeah after this week, i will be looking for smaller profits.
i'm a little tired of setting up a trade, watching it go 50 pips in my favor and killing my BE SL.

As for this next week, we have a new month, a very early christmas season opening, new low fuel prices in CA now below $3 for super, and a week of elections. If you think you know what's going to happen you are truly nuts.

this week i will be out of town most of the week at an auto trade show in vegas, but believe me, i will be trading all month with high caution lower TP's and a secure BE SL on every trade.

I would love to be totally wrong here and watch it be super easy to grab 100 pips at a time. and if so you know i'll be swingin...
hey dakrusha,

i think too that this week is dangerous for trading... i hope to be able to hold my horses when i should stop trading... we might have big movements...

so hope to be smiling by the end of the week, lets see
When life gives you lemons, make lemonade
  • #95,160
  • Nov 2, 2008 10:56am Nov 2, 2008 10:56am
Quoting Shilva
If anybody is thinking of another currency pair to trade I recommend Euro/Cad.....she is very well behaved and worth the 8 pip spread.
When life gives you lemons, make lemonade
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