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Cable Update (GBPUSD)

  • #95,281
  • Nov 3, 2008 8:11am Nov 3, 2008 8:11am
Quoting micho
probably not soon... but lets see what is the low of today... i see it sink very hard
any estimate -- month or more?
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  • #95,282
  • Nov 3, 2008 8:14am Nov 3, 2008 8:14am
A long term fib from the high in 1980 to the low in 1985
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 17 KB
Just Trade It
  • #95,283
  • Nov 3, 2008 8:14am Nov 3, 2008 8:14am
Quoting Invest_Master
any estimate -- month or more?
i have no idea brother...
When life gives you lemons, make lemonade
  • #95,284
  • Nov 3, 2008 8:16am Nov 3, 2008 8:16am
Quoting Big Wave Rider
A long term fib from the high in 1980 to the low in 1985

Is finding support on the 38.2% level. A break below this and the pound will drop like a rock. (thousands of pips) All you trend followers get ready
Here is the weekly of that same fib.
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 15 KB
Just Trade It
  • #95,285
  • Nov 3, 2008 8:21am Nov 3, 2008 8:21am
Quoting \"expert\"
Second short closed.1st one still running.Hope to see 5800 and lower soon.But will see what will BOE governer say.If not SL will do the job.This was easy day for me.see ya
Hi guys remeber me.500 pipos so far on 1 short.Dont wont to add profit from second one that i closed because i will be.

How did i make that 600 pips.In 1 day!!!!
And started with 20 pips SL.And people heare was telling me that i as expert should know that 400 pips can be made with 200 pips SL??!!
All of you who was on MSN today happy pips.Others well sorry you missed this ride.And people who was long with 150-200 pips SL....SORRYYYY

Maybe i went to far now but when i make this money i feel like a KING.

Enjoy in scalping.

See ya
  • #95,286
  • Nov 3, 2008 8:24am Nov 3, 2008 8:24am
beware of the shorts at this time... just my opinion
stand aside
When life gives you lemons, make lemonade
  • #95,287
  • Nov 3, 2008 8:24am Nov 3, 2008 8:24am
Quoting Big Wave Rider
Is finding support on the 38.2% level. A break below this and the pound will drop like a rock. (thousands of pips) All you trend followers get ready
Here is the weekly of that same fib.

Here was my signal to get back in. Now up over 800 pips on my first position (I have 5 on now) including one that was left open since 1.8604
Long term Time Frames ROCK
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 18 KB
Just Trade It
  • #95,288
  • Nov 3, 2008 8:25am Nov 3, 2008 8:25am
On my platform bounce was at 15798.Man i lost 2 pips more

Ah this needs drink.Cheers
  • #95,289
  • Nov 3, 2008 8:26am Nov 3, 2008 8:26am
i only got 107 pips today but i was all the time in the office and couldnt open the terminal
When life gives you lemons, make lemonade
  • #95,290
  • Nov 3, 2008 8:30am Nov 3, 2008 8:30am
Quoting Big Wave Rider
Here was my signal to get back in. Now up over 800 pips on my first position (I have 5 on now) including one that was left open since 1.8604
Long term Time Frames ROCK

THATS OVER 2,700 PIPS ON ONE POSITION


Who says scalping is the way to get rich?
Just Trade It
  • #95,291
  • Nov 3, 2008 8:33am Nov 3, 2008 8:33am
Quoting Big Wave Rider
THATS OVER 2,700 PIPS ON ONE POSITION


Who says scalping is the way to get rich?
yeah but how much time did you get to have 2700 pips?
When life gives you lemons, make lemonade
  • #95,292
  • Nov 3, 2008 8:43am Nov 3, 2008 8:43am
Quoting micho
yeah but how much time did you get to have 2700 pips?

Sept. 24th is when I put on my first position, then put on many others which I took profit or scaled out last week, Now scaling back in. My account % has grown through the roof even with minimal risk. All and all I took home more than 12,000 pips in the last three months. (cant confirm the exact number as I dont keep track of a 100 pips here or 70 pips there.) But all my positions in E.U, A.U, Cable and UCad in the last three months is more than my yearly target

But of course I will have to go back to scalping when the trend is over but for now the trend is my best friend
Just Trade It
  • #95,293
  • Nov 3, 2008 8:46am Nov 3, 2008 8:46am
Quoting Big Wave Rider
Sept. 24th is when I put on my first position, then put on many others which I took profit or scaled out last week, Now scaling back in. My account % has grown through the roof even with minimal risk. All and all I took home more than 12,000 pips in the last three months. (cant confirm the exact number as I dont keep track of a 100 pips here or 70 pips there.) But all my positions in E.U, A.U, Cable and UCad in the last three months is more than my yearly target

But of course I will have to go back to scalping when the trend is over but for now the trend is my best friend
cool
i hope this trend never ends... we can make 100 in one trade not hard
When life gives you lemons, make lemonade
  • #95,294
  • Nov 3, 2008 8:48am Nov 3, 2008 8:48am
i guess now possible retracement to 1.59XX

but dont go long ok
When life gives you lemons, make lemonade
  • #95,295
  • Nov 3, 2008 8:48am Nov 3, 2008 8:48am
And for the end 1 of my clients account,Look that beauty.red line is Sl for now.

He is very happy man so far.I have his approval for post this picture

See ya
Attached Image (click to enlarge)
Click to Enlarge Name: cable-client account.jpg Size: 247 KB
  • #95,296
  • Nov 3, 2008 8:52am Nov 3, 2008 8:52am
Quoting \"expert\"
And for the end 1 of my clients account,Look that beauty.red line is Sl for now.

He is very happy man so far.I have his approval for post this picture

See ya
i wouldn't play with 1 lot if i had 2k in my account
just my opinion... im looking at the profit and at the account... the profit is larger than the account... lol
When life gives you lemons, make lemonade
  • #95,297
  • Nov 3, 2008 8:54am Nov 3, 2008 8:54am
lots of resistances on the way up... we have one at 1.5901 then 1.5938 then 1.5967 then 1.6024

most likely it will hit 1.5901 or 1.5938 then back down
When life gives you lemons, make lemonade
  • #95,298
  • Nov 3, 2008 9:12am Nov 3, 2008 9:12am
Hell's bells!!! That is a nice ride. Awesome! Well done...

I struggle to hold a position for long.... I scalped out a profit of 30 pips on a short short from 16340 this morning. As much as I told myself to hold the position as today would be a slider... I just could not risk the pipppi's!!! 500 pips later I kind of regret that!!! I am so dissappointed in only making 290 pips today.... Somebody please help me to gain the confidence to hold a position!!!

With all the talk of interest rate cuts, there are very few big players releasing their positions now as this girl will continue to slide thru the elections and until Swervin' Mervyn announces the rates cut... Do you think I can take the nerve to hold... I wishhh...



Quoting Big Wave Rider
Here was my signal to get back in. Now up over 800 pips on my first position (I have 5 on now) including one that was left open since 1.8604
Long term Time Frames ROCK
Ride the Bulls bearback!
  • #95,299
  • Nov 3, 2008 9:18am Nov 3, 2008 9:18am
Micho, what chart are you using? I have fibs on 240 min, daily & 15 min and havent got the ones you are quoting around 1.59, other than a horizontal resistance at 1.5923 from 25/27 Oct.
  • #95,300
  • Nov 3, 2008 9:21am Nov 3, 2008 9:21am
Quoting micho
i wouldn't play with 1 lot if i had 2k in my account
just my opinion... im looking at the profit and at the account... the profit is larger than the account... lol
Yes and you also think that we should make 200 pips SL to make 400.he made 30 pips Sl in begining and take 700 so far.

He has balls and go 1 lot on 2k with 30 pips SL,you trade with micro and make 200 pips SL.Well that is what You said few days ago.

Difrent startegy difrent result.He made 7000k in few days.And You?(Buy You i don't think just to you Micho,but all)

He risk 30 pips and made 700.others risk 200 and still not making 1k.That is my opinion too.

Of corse my self was closed and opened many times since then and made more money ,and i told him to do that,but he doesn,t wont to be at desk all the time so he plays this way.He says he is making good profit so far,more then he made in stock market so is happy. when he got Sl hit he will make next trade with 2 lots maybe and make enter when i do and make target arround my 3rd target.And from thera he will see what next.I wish he closed that and make new enter agin when retrace get over because that way my% will be bigger but....He wants this way.

Of course he will make 30 Sl next time as well and i am sure that he will make big money with me and my people again.

he is more investitor type not trader type of guy in my opinion.But as long he makes money i don't care much.
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