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Cable Update (GBPUSD)

  • #96,081
  • Nov 6, 2008 9:00am Nov 6, 2008 9:00am
oh shite! Fek!
Ride the Bulls bearback!
  • #96,082
  • Nov 6, 2008 9:03am Nov 6, 2008 9:03am
Quoting alcando
oh shite! Fek!
what???
When life gives you lemons, make lemonade
  • #96,083
  • Nov 6, 2008 9:04am Nov 6, 2008 9:04am
can anyone see a pin bar on 1hr eurjpy combind with double bottom on almost all the time frames.if u must understand its the beginning of good thing for the gbp so pls watch out
  • #96,084
  • Nov 6, 2008 9:04am Nov 6, 2008 9:04am
How is it that whenever I close off a short, it goes south again...

Quoting micho
what???
Ride the Bulls bearback!
  • #96,085
  • Nov 6, 2008 9:05am Nov 6, 2008 9:05am
Quoting beejay
can anyone see a pin bar on 1hr eurjpy combind with double bottom on almost all the time frames.if u must understand its the beginning of good thing for the gbp so pls watch out
all i see is head and shoulders and down trend
When life gives you lemons, make lemonade
  • #96,086
  • Nov 6, 2008 9:06am Nov 6, 2008 9:06am
Quoting alcando
How is it that whenever I close off a short, it goes south again...
it still long way... its testing 1.5785~95 area... very strong support... lots of fibo here
When life gives you lemons, make lemonade
  • #96,087
  • Nov 6, 2008 9:08am Nov 6, 2008 9:08am
Quoting micho
all i see is head and shoulders and down trend
EMA Cross Trend going Down on GBPUSD. 60min.
How about u?
GELORE
  • #96,088
  • Nov 6, 2008 9:08am Nov 6, 2008 9:08am
uh huh...

Quoting micho
it still long way... its testing 1.5785~95 area... very strong support... lots of fibo here
Ride the Bulls bearback!
  • #96,089
  • Nov 6, 2008 9:09am Nov 6, 2008 9:09am
Quoting musani
EMA Cross Trend going Down on GBPUSD. 60min.
How about u?
its down alright but we have to break these stupid levels otherwise we bounce back up and tomorrow NFP and then weekend
When life gives you lemons, make lemonade
  • #96,090
  • Nov 6, 2008 9:16am Nov 6, 2008 9:16am
Quoting micho
its down alright but we have to break these stupid levels otherwise we bounce back up and tomorrow NFP and then weekend
Yah.. is that in 15min chart.
GELORE
  • #96,091
  • Nov 6, 2008 9:32am Nov 6, 2008 9:32am
Quoting Infinity
There is a shampoo inside a shampoo on there.....
looks better on the 4 hour chart ...
Trading is 80% Emotional, 20% Technical
  • #96,092
  • Nov 6, 2008 9:45am Nov 6, 2008 9:45am
Its the day of the triangle, the "triangle day'"!....


------------------

"Head and sholder, the traders prefered shampoo!'"
  • #96,093
  • Nov 6, 2008 9:51am Nov 6, 2008 9:51am
Quoting beejay
MICHO stop looking for reasons why this will go down.try and face reality cos it has more that 60% of not going down.check your chart, it doesnt lie and also follow what u think buffet will do if he his in your shoe
Can you please tell me that reason for up.I went short at DP area an still short.150 pips so far.Yesterday MYMAN or something like that said READY FOR DOWN BIG MONEY and price went up BIG TIME.Good i was long and not listen others.Now you say going up.WHY do you think.Maybe i should close my short then.I know this is forum we all should write thinking,but guys when saying up or down could you PLEASE write why you think that way.POsting some chart would be nice as well.That way this topic would be more quality.

MICHO look that RSI and enjoy.Try 21 set up as well.Be carefull He is oscilator indicator.Use it with some trend indicaor (MACD or momentum....,i found parabolic very usful last couple days)as well for confrm.Oscilators can be wrong sometime but gives earlu signs,only that signs could be wrong.trend indicator gives late signals but more telling true.
This should know every trader new or old so guys learn that and try it.

Micho Be good man,see ya
  • #96,094
  • Nov 6, 2008 9:55am Nov 6, 2008 9:55am
Quoting "expert"
Can you please tell me that reason for up.I went short at DP area an still short.150 pips so far.Yesterday MYMAN or something like that said READY FOR DOWN BIG MONEY and price went up BIG TIME.Good i was long and not listen others.Now you say going up.WHY do you think.Maybe i should close my short then.I know this is forum we all should write thinking,but guys when saying up or down could you PLEASE write why you think that way.POsting some chart would be nice as well.That way this topic would be more quality.

MICHO look that RSI and enjoy.Try 21 set up as well.Be carefull He is oscilator indicator.Use it with some trend indicaor (MACD or momentum....,i found parabolic very usful last couple...
this week until now i am on +80 pips ... today i got fucked
When life gives you lemons, make lemonade
  • #96,095
  • Nov 6, 2008 10:02am Nov 6, 2008 10:02am
Hello friends,

Here's the 4H chart, there's an important fibo level whith a dinamic support.

Now i'm long.

.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 196 KB
  • #96,096
  • Nov 6, 2008 10:12am Nov 6, 2008 10:12am
Quoting Drake
Hello friends,

Here's the 4H chart, there's an important fibo level whith a dinamic support.

Now i'm long.

.
Entered already ?
Whar price ?
  • #96,097
  • Nov 6, 2008 10:14am Nov 6, 2008 10:14am
Quoting gagakrimba
Entered already ?
Whar price ?

1.5804

SL 1.5745
  • #96,098
  • Nov 6, 2008 10:17am Nov 6, 2008 10:17am
Quoting micho
this week until now i am on +80 pips ... today i got fucked
Don't get angry on me but that is why i was telling you that is bad to use 200 pips SL.No metter how big account or trading on micro or real.

I think we all must learn to make good entering point and then with small SL to make good pips.If you need 200pips SL then you are trader who thinks that it is ok to make mistake of enering point in 200 pips size.That is so bad entering then.1 day you start to trade with real account and no metter how big it is to risk 2000$????For me it is crazy.
People who trade long time and very good on GBPJPY which is even more volatily theb cable trade with 50-60 pips SL.100 maximum as i remember while i was learning to trade from them.Then they told me cable 30 -50 maximum.If yoe enter to soon and SL stoped you out you will make new enter later.If they trade gappy with 60 pips why will we trade cable with 200.?

In short if you allow you self 200 pips Sl then you don't see good price movement and having problem to pick good place for trade.No metter how big volatility is.And when you lost 30 pips you will feel better then when lost 200.
Today we had big spikes i know and that is why maybe better to not trade on news days,maybe even tommorof because of NFP news.(i thnk it is toomorow).I know traders who don't trade 2 days before NFP news.

I am not saying that anyone must say this is ok,or that he has to trade that way,just sharing my thinking with you end others as well.And of course everybody should trade on his risk and his sytem,no problem with that.

See ya later man
  • #96,099
  • Nov 6, 2008 10:18am Nov 6, 2008 10:18am
Quoting Drake
1.5804

SL 1.5745
Good luck.
  • #96,100
  • Nov 6, 2008 10:29am Nov 6, 2008 10:29am
Quoting "expert"
Don't get angry on me but that is why i was telling you that is bad to use 200 pips SL.No metter how big account or trading on micro or real.

I think we all must learn to make good entering point and then with small SL to make good pips.If you need 200pips SL then you are trader who thinks that it is ok to make mistake of enering point in 200 pips size.That is so bad entering then.1 day you start to trade with real account and no metter how big it is to risk 2000$????For me it is crazy.
People who trade long time and very good on GBPJPY which is even more volatily theb cable trade with 50-60 pips SL.100 maximum as i remember while i was learning to trade from them.Then they told me cable 30...
im not playing with stop loss im exiting manually
When life gives you lemons, make lemonade
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