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Cable Update (GBPUSD)

  • #97,381
  • Nov 12, 2008 6:21am Nov 12, 2008 6:21am
Quoting vorschlag
now as the wiseman said it will go up.
Dont be too sure.
  • #97,382
  • Nov 12, 2008 6:24am Nov 12, 2008 6:24am
haha,
we're in the middle of a massive downtrend, and whenever it retraces up a mere 100-200 pips, all the long shouters act like they're victorious! get with the programme- it's down time.
countertrend trading is by definition very risky, please remember that. Don't want to see too many accounts getting blown.
  • #97,383
  • Nov 12, 2008 6:28am Nov 12, 2008 6:28am
Quoting spintrader
haha,
we're in the middle of a massive downtrend, and whenever it retraces up a mere 100-200 pips, all the long shouters act like they're victorious! get with the programme- it's down time.
countertrend trading is by definition very risky, please remember that. Don't want to see too many accounts getting blown.
so true. now as another wiseman said it will go down. Let's see staying aside who is more wise.
  • #97,384
  • Nov 12, 2008 6:28am Nov 12, 2008 6:28am
Add another short @ 1.5325
  • #97,385
  • Nov 12, 2008 6:32am Nov 12, 2008 6:32am
Quoting spintrader
haha,
we're in the middle of a massive downtrend, and whenever it retraces up a mere 100-200 pips, all the long shouters act like they're victorious! get with the programme- it's down time.
countertrend trading is by definition very risky, please remember that. Don't want to see too many accounts getting blown.
ok so when this thing will finally go up?
  • #97,386
  • Nov 12, 2008 6:33am Nov 12, 2008 6:33am
should have gone short higher 1.53~50 but its ok lets see if we get positive out of it
When life gives you lemons, make lemonade
  • #97,387
  • Nov 12, 2008 6:36am Nov 12, 2008 6:36am
i think we'll revisit 152, but dont know after that for today, we'll see
  • #97,388
  • Nov 12, 2008 6:37am Nov 12, 2008 6:37am
target maybe 1.5233
When life gives you lemons, make lemonade
  • #97,389
  • Nov 12, 2008 6:39am Nov 12, 2008 6:39am
hi clouds how u doing
When life gives you lemons, make lemonade
  • #97,390
  • Nov 12, 2008 6:41am Nov 12, 2008 6:41am
Damn too early hit +10 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #97,391
  • Nov 12, 2008 6:41am Nov 12, 2008 6:41am
Quoting mike w
Ane here we are back to the beginning lol Now I am just going to set my stop loss for plus 5 on that last trade and watch them run until I am able to set my lower entry stop loss into profit as well and watch us slowly touch 152s.
And Boom shaka laka!! lol My targets were touched and now I'll be waiting until I see another solid short signal on a higher timeframe before entering more positions on this pair. That was a large profit for me so I'm happy. I may actually go have a cigar right now. Have a great day ladies and gents! I'm hoping the best for you as always.
I dream, therefore I become.
  • #97,392
  • Nov 12, 2008 6:44am Nov 12, 2008 6:44am
Quoting mike w
And Boom shaka laka!! lol My targets were touched and now I'll be waiting until I see another solid short signal on a higher timeframe before entering more positions on this pair. That was a large profit for me so I'm happy. I may actually go have a cigar right now. Have a great day ladies and gents! I'm hoping the best for you as always.
great miky haleluya
cheers
When life gives you lemons, make lemonade
  • #97,393
  • Nov 12, 2008 6:44am Nov 12, 2008 6:44am
Quoting micho
hi clouds how u doing
great, thanks
  • #97,394
  • Nov 12, 2008 6:44am Nov 12, 2008 6:44am
Quoting mike w
And Boom shaka laka!! lol My targets were touched and now I'll be waiting until I see another solid short signal on a higher timeframe before entering more positions on this pair. That was a large profit for me so I'm happy. I may actually go have a cigar right now. Have a great day ladies and gents! I'm hoping the best for you as always.
Congratulations on that trade Mike!! That was absolutely brilliant!!
Patience + Discipline - Greed = Success
  • #97,395
  • Nov 12, 2008 6:46am Nov 12, 2008 6:46am
Quoting manize
Damn too early hit +10 pips !
my target is 33 but i might close it anytime when it stops
When life gives you lemons, make lemonade
  • #97,396
  • Nov 12, 2008 6:46am Nov 12, 2008 6:46am
Quoting Infinity
Congratulations on that trade Mike!! That was absolutely brilliant!!
Thanks guys. I'll be writing in soon when I see anything coming up. Have a good one and good luck in any trades you may take!
I dream, therefore I become.
  • #97,397
  • Nov 12, 2008 6:47am Nov 12, 2008 6:47am
Quoting emeric33
ok so when this thing will finally go up?
How am I to know? that's the point. Nobody should be trying to guess when the trend is going to finish, because they are just going to get hurt.
The trick is to wait, wait until the charts/technicals/fundamentals/forecasts etc. paint a clearer picture.

How arrogant is it for someone on here to decide that despite popular belief and evidence, the dollar rally is over? answer; exceedingly arrogant and foolish. There's just no need to be the person who comes to that conclusion.

My advise will always be; trade with the trend- sure you can try and win some pips on retraces, but use a stoploss, and don't hold your breath. To trade both directions successfully in this market, one would have to be extremely skilled, and lucky!

hope there was some useful points in that, sorry if it sounded like a rant, it wasn't meant to be- Just don't want to see anyone get stung from trading counter-trend.
  • #97,398
  • Nov 12, 2008 6:50am Nov 12, 2008 6:50am
i closed mine +44

its ok better than retrace again
When life gives you lemons, make lemonade
  • #97,399
  • Nov 12, 2008 6:51am Nov 12, 2008 6:51am
but i guess the target is still solid at 1.5233 for those who want to risk and wait
When life gives you lemons, make lemonade
  • #97,400
  • Nov 12, 2008 6:52am Nov 12, 2008 6:52am
today +50 +44 just 2 trades

good luck to everybody
When life gives you lemons, make lemonade
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