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Cable Update (GBPUSD)

  • #98,141
  • Nov 13, 2008 2:13pm Nov 13, 2008 2:13pm
Quoting spintrader
I'm scared...
bearish diverence on 15 minutes and it broke a dailly channel....might be going down 500 pips
  • #98,142
  • Nov 13, 2008 2:13pm Nov 13, 2008 2:13pm
notice how the candles are all full
no wicks nothing signaling entry points...
pure price manipulation
When life gives you lemons, make lemonade
  • #98,143
  • Nov 13, 2008 2:14pm Nov 13, 2008 2:14pm
Quoting nAVIN2007
bearish diverence on 15 minutes and it broke a dailly channel....might be going down 500 pips
I hope it does!
  • #98,144
  • Nov 13, 2008 2:15pm Nov 13, 2008 2:15pm
Quoting nAVIN2007
i have 10 winning trades in a row and this one best go down otherwise it gonna be same old story 1 trade wipe 10 wins....but at least i know the trend isnt reversing...thats something at least..lol
That is what happens when you don't use stop loss. What if it was or is a reversal? Are you going to leave the trade running and hope it comes back to your price? Believe me bro, it is a mistake many traders make and it will cripple your potential if you don't change this.

That was the my biggest flaw during my early days of trading. I used to win several trades in a row and then when the reversal occurred, I realised too late, wiping out all profit plus some at the same time. Don't make the same mistake bro, keep your losses minimal and let your profits run.... Don't let it be the other way 'round...

Good luck bro!
Patience + Discipline - Greed = Success
  • #98,145
  • Nov 13, 2008 2:16pm Nov 13, 2008 2:16pm
possible entry here on the 10 sma 15 minutes now? i dunno i dont wanna enter
When life gives you lemons, make lemonade
  • #98,146
  • Nov 13, 2008 2:18pm Nov 13, 2008 2:18pm
if we dont fall down from here at 1.468x ... the tp1 of this up trend is now at 1.4788... look for entries there
When life gives you lemons, make lemonade
  • #98,147
  • Nov 13, 2008 2:19pm Nov 13, 2008 2:19pm
......
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  • #98,148
  • Nov 13, 2008 2:19pm Nov 13, 2008 2:19pm
heh, weak pound is being discussed more and more now, once everyone knows how weak it is it will probably start to reverse same as happened after it hit 2.1xx. Also remember a story where model ( kate moss, i think) asked to be paid in euros instead of dollars and that was at EURUSD:1.5something
  • #98,149
  • Nov 13, 2008 2:20pm Nov 13, 2008 2:20pm
euro and cable are correlating positively with the dow

dow goes up and so does cable and opposite is true

thats been working for a couple of weeks now and when i value my dow shares in sterling they never move !!!!
  • #98,150
  • Nov 13, 2008 2:21pm Nov 13, 2008 2:21pm
Quoting Infinity
That is what happens when you don't use stop loss. What if it was or is a reversal? Are you going to leave the trade running and hope it comes back to your price? Believe me bro, it is a mistake many traders make and it will cripple your potential if you don't change this.

That was the my biggest flaw during my early days of trading. I used to win several trades in a row and then when the reversal occurred, I realised too late, wiping out all profit plus some at the same time. Don't make the same mistake bro, keep your losses minimal and let...
This is soooo true! Don't let your loosers wipe out your winners! Losses happen accept them and move on to the next entry.

Very nicely put bro!
Just digging in the trenches like everyone else!
  • #98,151
  • Nov 13, 2008 2:22pm Nov 13, 2008 2:22pm
Entered long @ 1.5650

Edit: 1.4650
  • #98,152
  • Nov 13, 2008 2:22pm Nov 13, 2008 2:22pm
take it easy navin its only micro lots... it will get back to u
what is ur account size? u can still short a second one at a higher price if u have room
When life gives you lemons, make lemonade
  • #98,153
  • Nov 13, 2008 2:23pm Nov 13, 2008 2:23pm
Quoting gagakrimba
Entered long @ 1.5650
?? how or 4650?
  • #98,154
  • Nov 13, 2008 2:25pm Nov 13, 2008 2:25pm
Blerry ell!! I missed the whole session of that lovely pound slide and when I get back all annoyed its all ago go go! Scalped 100 on the long and 55 on the bounce. Justice!

Have a look at the EURUSD H1 candle... Chuck me Farley!!! Thats longer than allserene's viagra filled birthday candles!
Ride the Bulls bearback!
  • #98,155
  • Nov 13, 2008 2:26pm Nov 13, 2008 2:26pm
Quoting m00jiman
?? how or 4650?
great trade
put target for it 1.4788 i guess
When life gives you lemons, make lemonade
  • #98,156
  • Nov 13, 2008 2:28pm Nov 13, 2008 2:28pm
Quoting m00jiman
?? how or 4650?
Yeah 1.4650
typo error
  • #98,157
  • Nov 13, 2008 2:29pm Nov 13, 2008 2:29pm
Quoting Infinity
That is what happens when you don't use stop loss. What if it was or is a reversal? Are you going to leave the trade running and hope it comes back to your price? Believe me bro, it is a mistake many traders make and it will cripple your potential if you don't change this.

That was the my biggest flaw during my early days of trading. I used to win several trades in a row and then when the reversal occurred, I realised too late, wiping out all profit plus some at the same time. Don't make the same mistake bro, keep your losses minimal and let...
thank u bro...100% correct
  • #98,158
  • Nov 13, 2008 2:29pm Nov 13, 2008 2:29pm
EUR has made a comeback.
I am pretty sure this baby will follow suit.
  • #98,159
  • Nov 13, 2008 2:30pm Nov 13, 2008 2:30pm
And the Friggin EURGBP may hit parity before the GBPUSD!!!
Hells bells and damnation! What happened!
Ride the Bulls bearback!
  • #98,160
  • Nov 13, 2008 2:33pm Nov 13, 2008 2:33pm
Quoting gagakrimba
Yeah 1.4650
typo error

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