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Cable Update (GBPUSD)

  • #96,781
  • Nov 10, 2008 11:55am Nov 10, 2008 11:55am
Quoting ezmystic
good luck nav buddy, and remember don't be nervous just be like a terminator, no emotion
yes definately..if i still get nervous at 0.01 i will just say this isnt for me ...10p a pips and nerves would be rediculous but the plan is to get stronger at least to january and then build on it
  • #96,782
  • Nov 10, 2008 11:56am Nov 10, 2008 11:56am
Quoting spintrader
Great job man, you'll do fine, just always have a plan, and if the market turns in an unexpected way be prepared to adapt your plan.
If I can make a suggestion, also maybe consider trading with longer timeframes, it's been working wonders for me the past couple of months!
thanks man thats my plan
  • #96,783
  • Nov 10, 2008 11:57am Nov 10, 2008 11:57am
Quoting cesarg
UJ is falling like a coin from airplane...
but you got air resistance up there it wont fall straight hahahha
When life gives you lemons, make lemonade
  • #96,784
  • Nov 10, 2008 11:57am Nov 10, 2008 11:57am
Back from lunch and seeing a little downwards movement.. Not much going on at the moment however. My next 4 hour closes at two o clock and it looks like I'll be having quite a bit of short orders based on the crossing of the Gann line and QQEs crossing downwards. For the moment, we will most likely continue in a small consolidation until more buildup for another ride lower. I'm looking to end this week in the 1.52's at least (prior lows).
I dream, therefore I become.
  • #96,785
  • Nov 10, 2008 11:58am Nov 10, 2008 11:58am
Quoting TerpFan2
Thanks EO... Word brother...
The more i play G.U. again, as I've been taught and the consistency
comes back in the less i could care about how big a win, (greed),
i could get that i have given back to G.J. time, and time again!

Navin, great to see your posts, trying to build back up as well!
Thx Again Eo...
Terrapin Pipper,

Jeff !
that's it bro just collect the pips regardless of size and try not to give any away. You'll build it up again, just don't aim to and it will just happen.
please DON'T copy my trades I am still learning
  • #96,786
  • Nov 10, 2008 11:58am Nov 10, 2008 11:58am
Quoting allserene
good thinking - sometimes a situation is a great setup and its just a question of waiting for it and then getting that s/l on - if we get stopped out after 20 seconds and then it does the huge move we were expecting, we just have to shrug - thats the trick and i reckon avoiding losses is number 1 - and then getting profits can be almost accidental and we have to take that nice profit without being greedy.

Seems to me its more about our own psychology than the technical skill - especially in these panicky times
absolutely agree......
  • #96,787
  • Nov 10, 2008 12:00pm Nov 10, 2008 12:00pm
Quoting TerpFan2
Thanks EO... Word brother...
The more i play G.U. again, as I've been taught and the consistency
comes back in the less i could care about how big a win, (greed),
i could get that i have given back to G.J. time, and time again!

Navin, great to see your posts, trying to build back up as well!
Thx Again Eo...
Terrapin Pipper,

Jeff !
thanks bro...good to see u back as well ...dont worry this is round 5 and now we gonna tame the beast
  • #96,788
  • Nov 10, 2008 12:01pm Nov 10, 2008 12:01pm
Quoting micho
but you got air resistance up there it wont fall straight hahahha

yes you right!!! I don't realise about that resistance!!!!!
  • #96,789
  • Nov 10, 2008 12:01pm Nov 10, 2008 12:01pm
Quoting TerpFan2
Thanks again, a ton buddy...
Haha. Hope all of you caught that GU breakout. Got out myself with roughly 50 some pips. It's testing the 5640 support right now, waiting for a confirm before shorting till next level 5535..

On a side note, my USDJPY is up a good 150 right now, and I believe theres still plenty room to move down. Look for a confirmation break before 97, the retest, then short the living hell out of it I will be closing out my first entry in 3 levels and will be looking for a clear start entry after a break/retest.
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  • #96,790
  • Nov 10, 2008 12:06pm Nov 10, 2008 12:06pm
once GU breaks .5585, it will tank hard
Trade what you see, not what you think.
  • #96,791
  • Nov 10, 2008 12:07pm Nov 10, 2008 12:07pm
i don't know if Uchf will break the 1.18 area... At least, a bearish wedge is formed in daily & weekly and now we are exactly at the top...
i play for a short @ 1.1779 targeting 1.12 at least.... SL 1.1815

How i wish a beautiful fall!!!


Aware the bullish wedge in GU 15m!!!! target could be around 1.5770
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  • #96,792
  • Nov 10, 2008 12:09pm Nov 10, 2008 12:09pm
AL alhamdulillah (thank god) for such progress i found in Da market.

trade assessment:
today was very good to my analysis (as always).

i forecast @market open yesterday by the continuation of the down trend of both euro+cable and here we are . today both charts was bearish .

for who talk about trend reversal in euro+cable, he is dreaming and will suffer loose coz euro+GBP will suffer long period weakness against dollar .

trade well and have fun
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  • #96,793
  • Nov 10, 2008 12:11pm Nov 10, 2008 12:11pm
.....
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  • #96,794
  • Nov 10, 2008 12:11pm Nov 10, 2008 12:11pm
Just got in short GBPUSD @ 1.5630 stop 1.5660 , TP : 1.5550 before re-assessment on next move.
  • #96,795
  • Nov 10, 2008 12:12pm Nov 10, 2008 12:12pm
Quoting karmostaji
once GU breaks .5585, it will tank hard
Agreed wholeheartedly.
I dream, therefore I become.
  • #96,796
  • Nov 10, 2008 12:17pm Nov 10, 2008 12:17pm
Quoting karmostaji
once GU breaks .5585, it will tank hard
yes a break of the weekly low should definately do it but i dunno...i think we will see a descent retrace...i doubt it will break the low..we are also forming indecision bars on weekly...might even get a inside bar
  • #96,797
  • Nov 10, 2008 12:19pm Nov 10, 2008 12:19pm
Just close short 5621 from 5643 = +22pips
Im gona wait amoment long and then i'll go short again.
GELORE
  • #96,798
  • Nov 10, 2008 12:22pm Nov 10, 2008 12:22pm
Quoting nAVIN2007
yes a break of the weekly low just definately do it but i dunno...i think we will see a descent retrace...i doubt it will break the low..we are also forming indecision bars on weekly...might even get a inside bar
earlier GU broke out of a bear flag and now .5585 is in the way only, if it breaks then down it will go.
Trade what you see, not what you think.
  • #96,799
  • Nov 10, 2008 12:24pm Nov 10, 2008 12:24pm
...
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  • #96,800
  • Nov 10, 2008 12:26pm Nov 10, 2008 12:26pm
Quoting nAVIN2007
...
Navin, are we finally coming to decision point on this bear flag!? I been waiting since start of euro session for this...looking forward to a breakout downwards.
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