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Cable Update (GBPUSD)

  • #97,401
  • Nov 12, 2008 6:53am Nov 12, 2008 6:53am
shorted at 5293 and came out at 5254, there is a fib retracent resistance here on my 15m and I'm in and out, thought I'd take the profit.
please DON'T copy my trades I am still learning
  • #97,402
  • Nov 12, 2008 6:59am Nov 12, 2008 6:59am
Quoting ezmystic
shorted at 5293 and came out at 5254, there is a fib retracent resistance here on my 15m and I'm in and out, thought I'd take the profit.
should have held that, ohwell
please DON'T copy my trades I am still learning
  • #97,403
  • Nov 12, 2008 7:01am Nov 12, 2008 7:01am
buying more gbp/usd at 1,5230 - target still around 1,5600 maybe more
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd1hour.jpg Size: 115 KB
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #97,404
  • Nov 12, 2008 7:02am Nov 12, 2008 7:02am
Quoting ezmystic
should have held that, ohwell
its ok
u dont have to take the whole profit

i would take the whole profit just in 1 case, if i short at 38% level with stop loss above 61% but im not shorting at 38% nor playing with stop loss
When life gives you lemons, make lemonade
  • #97,405
  • Nov 12, 2008 7:02am Nov 12, 2008 7:02am
Quoting jckm
buying more gbp/usd at 1,5230 - target still around 1,5600 maybe more
yes please keep buying
When life gives you lemons, make lemonade
  • #97,406
  • Nov 12, 2008 7:04am Nov 12, 2008 7:04am
USDJPY unbelievable ranging like hell
When life gives you lemons, make lemonade
  • #97,407
  • Nov 12, 2008 7:05am Nov 12, 2008 7:05am
Let's see if it can break 1.5200 now
  • #97,408
  • Nov 12, 2008 7:09am Nov 12, 2008 7:09am
last 3 weeks im up +1225 pips

wonder when this streak is gonna end
When life gives you lemons, make lemonade
  • #97,409
  • Nov 12, 2008 7:13am Nov 12, 2008 7:13am
GOOD MORN FOLKS. Looks like some of you made a nice kill'n today. CONGRATS! Late start for me today - sure some more pips to be made. http://www.forexfactory.com/images/icons/icon10.gif
  • #97,410
  • Nov 12, 2008 7:20am Nov 12, 2008 7:20am
Come on baby.
Let's see 1.51XX
  • #97,411
  • Nov 12, 2008 7:44am Nov 12, 2008 7:44am
5258 resistance holding well - gonna drop soon http://www.forexfactory.com/images/icons/icon14.gif
  • #97,412
  • Nov 12, 2008 7:51am Nov 12, 2008 7:51am
Quoting spintrader
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...


Oh Bless your heart spin. if you wait for everything to confirm then you have lost out on the entry.

I am back on the long train. I like what I see from actually reading the charts.

Those who wait get left behind with their lagging indicators waiting to reverse.
  • #97,413
  • Nov 12, 2008 7:55am Nov 12, 2008 7:55am
We need GBP/JPY to drop below 147.60's
  • #97,414
  • Nov 12, 2008 7:55am Nov 12, 2008 7:55am
Quoting steelhead
Oh Bless your heart spin. if you wait for everything to confirm then you have lost out on the entry.

I am back on the long train. I like what I see from actually reading the charts.

Those who wait get left behind with their lagging indicators waiting to reverse.
hello steelhead, what is your result for today?
When life gives you lemons, make lemonade
  • #97,415
  • Nov 12, 2008 7:56am Nov 12, 2008 7:56am
Quoting steelhead
Oh Bless your heart spin. if you wait for everything to confirm then you have lost out on the entry.

I am back on the long train. I like what I see from actually reading the charts.

Those who wait get left behind with their lagging indicators waiting to reverse.
haha, you never give up do you? hat's off to you for persistance!
How many more 100's of pips has it got to drop before you accept that you were wrong to recommend long?
'from actually reading the charts'- yeah, if only I'd thought of that, then perhaps I could have avoided making the many thousands £ profit I've made in the past couple of weeks- silly me
  • #97,416
  • Nov 12, 2008 7:59am Nov 12, 2008 7:59am
and there we go
  • #97,417
  • Nov 12, 2008 8:03am Nov 12, 2008 8:03am
Quoting spintrader
haha, you never give up do you? hat's off to you for persistance!
How many more 100's of pips has it got to drop before you accept that you were wrong to recommend long?
'from actually reading the charts'- yeah, if only I'd thought of that, then perhaps I could have avoided making the many thousands £ profit I've made in the past couple of weeks- silly me
Its dropped like 200 since we started this conversation yesterday. I did well with my longs yesterday. if you read my last post from yesterday i was short at 1.5450.

200 pips is not 100's of pips my friend.
  • #97,418
  • Nov 12, 2008 8:03am Nov 12, 2008 8:03am
Quoting steelhead
Oh Bless your heart spin. if you wait for everything to confirm then you have lost out on the entry.

I am back on the long train. I like what I see from actually reading the charts.

Those who wait get left behind with their lagging indicators waiting to reverse.

that train crashed today!!! the short train was very profitable for me!!!
Trading is 80% Emotional, 20% Technical
  • #97,419
  • Nov 12, 2008 8:04am Nov 12, 2008 8:04am
Quoting steelhead
Its dropped like 200 since we started this conversation yesterday. I did well with my longs yesterday. if you read my last post from yesterday i was short at 1.5450.

200 pips is not 100's of pips my friend.
Now you're just embarrassing yourself. You know I am more than happy to agree to disagree, I'll stick with my shorts, and you can stick with your longs, or do whatever the hell you want. ok? best of luck steely!
  • #97,420
  • Nov 12, 2008 8:07am Nov 12, 2008 8:07am
Well, I like Steelhead's idea to buy earlier. I bought too near the test of 15200 and kept it for about 50pips. but even I know its a scalp and there is no way I would hold it or jump in late. The one useful tool for a buy against the grain is the Volumes indicator on the M1. Only if it exceeds normal values would I consider it. If you are still hold a long now tho' I'll thank you cause I am having it for lunch...

The next time I buy will be a long way off.. maybe Xmas
Ride the Bulls bearback!
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