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Cable Update (GBPUSD)

  • #97,561
  • Nov 12, 2008 10:49am Nov 12, 2008 10:49am
Quoting fx local
technical analyst on cnbc suggesting major support on cable at 1.3500 could hit on weekly close below 1.5250... food for thought

geppy at 100-135 Yen

Euro near 1.18/22 base
I was thinking 1.37xx..... but close enough.
Patience + Discipline - Greed = Success
  • #97,562
  • Nov 12, 2008 10:51am Nov 12, 2008 10:51am
Quoting micho
i dont think you believe your calls yourself
i think you are just misleading

how can you buy!!!!!
gambling with losses, adding to losing positions receipe for blown acc
Trading is 80% Emotional, 20% Technical
  • #97,563
  • Nov 12, 2008 10:53am Nov 12, 2008 10:53am
All i want is, i don't to miss a train again and again
Attached Image (click to enlarge)
Click to Enlarge Name: teamwork[2].jpg Size: 129 KB
GELORE
  • #97,564
  • Nov 12, 2008 10:53am Nov 12, 2008 10:53am
Quoting fx local
gambling with losses, adding to losing positions receipe for blown acc
I agree. There's too much noise out there, let him do what he wants. My best opinion for everyone is learn how to evaluate others opinions but trade upon your own analysis.
  • #97,565
  • Nov 12, 2008 10:54am Nov 12, 2008 10:54am
stop losses are always in place like i said 160 down aint that bad.

I think I will join the short bus down too he lows on one hour wick


then i will go against the grain again
  • #97,566
  • Nov 12, 2008 10:55am Nov 12, 2008 10:55am
Quoting fx local
gambling with losses, adding to losing positions receipe for blown acc
great retracement
When life gives you lemons, make lemonade
  • #97,567
  • Nov 12, 2008 10:58am Nov 12, 2008 10:58am
i bet he hasnt taken any trades.
  • #97,568
  • Nov 12, 2008 10:58am Nov 12, 2008 10:58am
Quoting micho
great retracement
wash out low there, looking to sell rallies
Trading is 80% Emotional, 20% Technical
  • #97,569
  • Nov 12, 2008 10:58am Nov 12, 2008 10:58am
Quoting musani
All i want is, i don't to miss a train again and again
Is it me or have you posted that picture quite a lot now? not that I have anything against it, it's just like a deja vu everytime I see it.
  • #97,570
  • Nov 12, 2008 10:58am Nov 12, 2008 10:58am
Look at this last one hour candle. This might go up a little from here.
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  • #97,571
  • Nov 12, 2008 11:00am Nov 12, 2008 11:00am
Got a potential PIN bar forming on the H4 (feed: ibfx)
  • #97,572
  • Nov 12, 2008 11:02am Nov 12, 2008 11:02am
Situation normal in this whippy market - I set a wide s/l yesterday and the enormous move that whipped and took it, lasted 1 nano second before returning to its base.

For a core position I am considering what some traders do, which is to have no s/l but to trade long time frames with scaled down leverage so I can absorbed a whip of 200 pips easily

Anyone doing that from 2.11 or so would be chuckling now....
  • #97,573
  • Nov 12, 2008 11:05am Nov 12, 2008 11:05am
Quoting vorschlag
i bet he hasnt taken any trades.
i hope not
i dont wish a loss to anybody
When life gives you lemons, make lemonade
  • #97,574
  • Nov 12, 2008 11:10am Nov 12, 2008 11:10am
Entered short @ 1.5025
  • #97,575
  • Nov 12, 2008 11:18am Nov 12, 2008 11:18am
Quoting ferndog
Look at this last one hour candle. This might go up a little from here.
Good.. we can sell some more then....

This is a selloff in an already strong downtrend.. Sell all rallies Imo... I see 1.4800 soon...
Patience + Discipline - Greed = Success
  • #97,576
  • Nov 12, 2008 11:20am Nov 12, 2008 11:20am
Quoting steelhead
Maybe I will maybe I wont. We will just have to wait and see.

Down 160 pips aint that bad. I am all good. You can have your 15 minutes of fame.

Second thought yes I think I will buy some more.

Im sure I will have plenty of folks willing to sell to me.
I think you have your screen upside down

your concept makes no sense, it will result in blowing up your account.
Trade what you see, not what you think.
  • #97,577
  • Nov 12, 2008 11:24am Nov 12, 2008 11:24am
Quoting karmostaji
I think you have your screen upside down

your concept makes no sense, it will result in blowing up your account.
  • #97,578
  • Nov 12, 2008 11:27am Nov 12, 2008 11:27am
Quoting karmostaji
I think you have your screen upside down

your concept makes no sense, it will result in blowing up your account.

Wow you guessed it I have had my charts upside down thanks for the help.

Do i get to gloat when this thing goes back to 1.5300 or 1.5450 ?

I think perhaps I will show a bit more class.
  • #97,579
  • Nov 12, 2008 11:30am Nov 12, 2008 11:30am
i dropped a soldier at 41
When life gives you lemons, make lemonade
  • #97,580
  • Nov 12, 2008 11:31am Nov 12, 2008 11:31am
i see 1.51 as a possibility too
When life gives you lemons, make lemonade
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