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Cable Update (GBPUSD)

  • #95,681
  • Nov 5, 2008 7:40am Nov 5, 2008 7:40am
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #95,682
  • Nov 5, 2008 7:45am Nov 5, 2008 7:45am
Anyone go short??

Quoting manize
Yup went long 1.5950 !!! Damn too early hit +30 pips !
  • #95,683
  • Nov 5, 2008 8:00am Nov 5, 2008 8:00am
Ok. everybody standby for south. big money
  • #95,684
  • Nov 5, 2008 8:06am Nov 5, 2008 8:06am
Quoting Myman
Ok. everybody standby for south. big money
I hear ya
  • #95,685
  • Nov 5, 2008 8:07am Nov 5, 2008 8:07am
Oh man when i was thinking this will go down noone said anything.Now i finaly go long people are saying short.Oh....

New 4 hr candle looking good for some long.Momentum is good but some retrace is possible so If hit my SL wil wait to come to DP maybe and then if ok go long again.

We are above gann on every TF but daily and that is good for me to try long.Many lines above so wheare will it go don't know. See ya later hope we all made pips no meter long or short
  • #95,686
  • Nov 5, 2008 8:08am Nov 5, 2008 8:08am
Quoting Myman
Ok. everybody standby for south. big money
Please tell me why did you think this is going down?
Post a chart if possible
  • #95,687
  • Nov 5, 2008 8:09am Nov 5, 2008 8:09am
Quoting Myman
Ok. everybody standby for south. big money
South ?
  • #95,688
  • Nov 5, 2008 8:10am Nov 5, 2008 8:10am
Quoting \"expert\"
Please tell me why did you think this is going down?
Post a chart if possible
I think he hope this baby going south.
Possibly he had entered short
  • #95,689
  • Nov 5, 2008 8:16am Nov 5, 2008 8:16am
Quoting gagakrimba
I think he hope this baby going south.
Possibly he had entered short
It seems to me that the majority of people on this forum scalp as a trading style,
I've always been rubbish at scalping so generally I look for the bigger moves.
And yes I think south is still the direction. I don't think it's bottomed out yet.

I'm going to try and post a chart, bare with me, I haven't done this before.
  • #95,690
  • Nov 5, 2008 8:20am Nov 5, 2008 8:20am
No clue for short yet on M1 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #95,691
  • Nov 5, 2008 8:25am Nov 5, 2008 8:25am
Well onn 1 hr chart you can see after breaking blue line retrace.On 4 hr we need that retrace but momentum on 4 hr is diffrent so...
On 15 m we are above blue line but we have red arrow for seelThis has to be the same( above line and up arrow or oposit for clean signal)
So we could have that down and then up but 4 hr is big TF and takes time to ation take place.It is late afternoon and with this rate cuts tommorrow i will wait for clean signals.For now SL hit take another 20 and now watching.
MYMAN can you please post a chart or write why do you think down big money at this moment?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: cable 4 hr.gif Size: 24 KB
Click to Enlarge Name: cable 15 min.JPG Size: 192 KB
  • #95,692
  • Nov 5, 2008 8:25am Nov 5, 2008 8:25am
Ok, so I agree it may rally to the point that it touches the upper descending trendline, but then more down movement.
Bearing in mind, that I've been short from 1.6650, with quite a generous stop loss, even if it does move back up to the line, it shouldn't hurt me in the long run and won't change my bearish outlook.
Right, hope I haven't messed this up to badly
Attached Image (click to enlarge)
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  • #95,693
  • Nov 5, 2008 8:28am Nov 5, 2008 8:28am
15 wrong chart.Heare is write one
Attached Image (click to enlarge)
Click to Enlarge Name: cable 15m.gif Size: 26 KB
  • #95,694
  • Nov 5, 2008 8:35am Nov 5, 2008 8:35am
Quoting spintrader
Ok, so I agree it may rally to the point that it touches the upper descending trendline, but then more down movement.
Bearing in mind, that I've been short from 1.6650, with quite a generous stop loss, even if it does move back up to the line, it shouldn't hurt me in the long run and won't change my bearish outlook.
Right, hope I haven't messed this up to badly
I agree in loner ttime it might go more down we will see.But MYMAN said prepare for down big money.I understand that as very soon.You are trading in longer TF and someone might wont to sculp and the price is still moving up so somebody who is new might get in big trouble and if tha tnew guy don;t have biger account he might got be dead in no time.

I still wonder why he think why he think down.And if he mean in longer TF he should say that.We have to be carefull what are we writing.Some people heare is new don't know about MM and other things.

That is my point
And it would be good for me to see his way of thinking,so next time can use that
  • #95,695
  • Nov 5, 2008 8:38am Nov 5, 2008 8:38am
this could be double top on 15 min
please DON'T copy my trades I am still learning
  • #95,696
  • Nov 5, 2008 8:41am Nov 5, 2008 8:41am
Quoting \"expert\"
I agree in loner ttime it might go more down we will see.But MYMAN said prepare for down big money.I understand that as very soon.You are trading in longer TF and someone might wont to sculp and the price is still moving up so somebody who is new might get in big trouble and if tha tnew guy don;t have biger account he might got be dead in no time.

I still wonder why he think why he think down.And if he mean in longer TF he should say that.We have to be carefull what are we writing.Some people heare is new don't know about MM and other things.

That is my point
And it would be good for me to see his way of thinking,so next time can use that
You are right, but on the flip side someone new might think that your advice for long is safe for a even just a day or two, but before you know it there is a big rates decision or something else causes it to plummet.
You are clearly a good scalper, someone who is never allied to long or short but who can profit in both markets.
I like to place both trades, but I'd prefer safer market conditions to work with when going against the trend.
I guess I'm just saying that I hope everyone is careful and to always place sensible stoplosses- especially when trading countertrend.
  • #95,697
  • Nov 5, 2008 8:46am Nov 5, 2008 8:46am
Well you are wright.Ohh...
I should think what am i writing as well.Good point.

Well Better for me to back to my charts and what should i do next.
  • #95,698
  • Nov 5, 2008 8:47am Nov 5, 2008 8:47am
Top of the descending channel or climbing the ascending hmm?
Attached Image (click to enlarge)
Click to Enlarge Name: 30min.JPG Size: 128 KB
  • #95,699
  • Nov 5, 2008 8:53am Nov 5, 2008 8:53am
Quoting \"expert\"
Well you are wright.Ohh...
I should think what am i writing as well.Good point.

Well Better for me to back to my charts and what should i do next.
You are right man. Im new in this game, my advice bro some else not to do this again coz i still in minusPis no war.
GELORE
  • #95,700
  • Nov 5, 2008 8:57am Nov 5, 2008 8:57am
Quoting sblank
Top of the descending channel or climbing the ascending hmm?
I always skip 30m.Nice chart.You give me idea to do something.Will post chart just to make it.
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