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Cable Update (GBPUSD)

  • #98,841
  • Nov 17, 2008 11:05am Nov 17, 2008 11:05am
Quoting micho
but me i dont have anything on this level??? what do u have??
i have 1.5057 and 1.5104 but nothing in 1.507x
Look at this chart.. history repeats itself they say...
Attached Image
Patience + Discipline - Greed = Success
  • #98,842
  • Nov 17, 2008 11:05am Nov 17, 2008 11:05am
I still feel its on the upside, but my target was met. So I cut it loose.
  • #98,843
  • Nov 17, 2008 11:05am Nov 17, 2008 11:05am
Oh well, if we can't get the strength from you big players... I guess we should have expected a bounce from there as it is a strong level.

Quoting eohater
I agree. I don't want to buy at this level. I would if I saw the right setup, but I'm not willing to be preemptive.
Ride the Bulls bearback!
  • #98,844
  • Nov 17, 2008 11:06am Nov 17, 2008 11:06am
Quoting Infinity
Look at this chart.. history repeats itself they say...
lol come on man i didnt look at this much details :nerd:
When life gives you lemons, make lemonade
  • #98,845
  • Nov 17, 2008 11:07am Nov 17, 2008 11:07am
Quoting ezmystic
b"llox ive lost about 200pips today, and using stop losses, i don't think i wanna trade anymore, i've been making stupid mistakes all over. bllox
i know how u feel...trust me on this, gotta bro use a stop loss otherwise u just gonna get killed...i do the same thing as u and will always have these days

trading is about managing risk
but i totally relate to u....dont give up bro ..hang tight
  • #98,846
  • Nov 17, 2008 11:09am Nov 17, 2008 11:09am
what does this candle mean?
Attached Image (click to enlarge)
Click to Enlarge Name: 2st alert-e.gif Size: 42 KB
When life gives you lemons, make lemonade
  • #98,847
  • Nov 17, 2008 11:10am Nov 17, 2008 11:10am
ezmystic what did you trade man?
When life gives you lemons, make lemonade
  • #98,848
  • Nov 17, 2008 11:13am Nov 17, 2008 11:13am
Quoting micho
lol come on man i didnt look at this much details :nerd:
These are money making details bro... you should'nt overlook them..

Anyway, that was countertrend stuff.. we are still making higher highs and lower lows on h1 and above. If we get a close above 507x it could shoot up fast.. if it holds however.. I would target the m15 50ema first...
Patience + Discipline - Greed = Success
  • #98,849
  • Nov 17, 2008 11:13am Nov 17, 2008 11:13am
Quoting nAVIN2007
i know how u feel...trust me on this, gotta bro use a stop loss otherwise u just gonna get killed...i do the same thing as u and will always have these days

trading is about managing risk
but i totally relate to u....dont give up bro ..hang tight
thanks bro, just bitchin and lettin off steam, I WILL be back and in profit. This week will NOT end on a down note.

How are you getting on?
please DON'T copy my trades I am still learning
  • #98,850
  • Nov 17, 2008 11:14am Nov 17, 2008 11:14am
It means someone got a seven inch shoved thru the profit zone.

.
Quoting micho
what does this candle mean?
Ride the Bulls bearback!
  • #98,851
  • Nov 17, 2008 11:16am Nov 17, 2008 11:16am
Quoting Infinity
These are money making details bro... you should'nt overlook them..

Anyway, that was countertrend stuff.. we are still making higher highs and lower lows on h1 and above. If we get a close above 507x it could shoot up fast.. if it holds however.. I would target the m15 50ema first...
well i rely on fibos not the highs and lows
When life gives you lemons, make lemonade
  • #98,852
  • Nov 17, 2008 11:17am Nov 17, 2008 11:17am
Quoting ezmystic
thanks bro, just bitchin and lettin off steam, I WILL be back and in profit. This week will NOT end on a down note.

How are you getting on?
been work...got 16 pips this morning but last week i lost400 pips.fightning my way back difficult thou
  • #98,853
  • Nov 17, 2008 11:17am Nov 17, 2008 11:17am
Quoting micho
ezmystic what did you trade man?
mate, went short at start of day, locked in and got stopped out so shorted again without thinking and got cained with my stop loss. then just made mistakes all over and didn't get in on good setups because I'd already lost my nerve. I will be back tho I'm not letting her kick my arse!!
please DON'T copy my trades I am still learning
  • #98,854
  • Nov 17, 2008 11:19am Nov 17, 2008 11:19am
All the big forex trading banks are predicting 1.36 for cable.

If they are right, and if we we look too closely at the charts, we could miss 1,400 pips

Worth musing on
  • #98,855
  • Nov 17, 2008 11:19am Nov 17, 2008 11:19am
See y'all in a bit...
Attached Image
Patience + Discipline - Greed = Success
  • #98,856
  • Nov 17, 2008 11:20am Nov 17, 2008 11:20am
if u want my interpretation on the 1.5070 its just the 1st target of the last 15m up trend
here, i found an excuse
When life gives you lemons, make lemonade
  • #98,857
  • Nov 17, 2008 11:22am Nov 17, 2008 11:22am
Quoting ezmystic
mate, went short at start of day, locked in and got stopped out so shorted again without thinking and got cained with my stop loss. then just made mistakes all over and didn't get in on good setups because I'd already lost my nerve. I will be back tho I'm not letting her kick my arse!!
at which price did u enter short?
When life gives you lemons, make lemonade
  • #98,858
  • Nov 17, 2008 11:24am Nov 17, 2008 11:24am
Quoting nAVIN2007
been work...got 16 pips this morning but last week i lost400 pips.fightning my way back difficult thou
hey man don't worry about it I've ost that in a week before, but clawed it back and was doing quite well until Friday and today, I'm just doing it all wrong. I'm going to go back to the study board and brush up some.

I think some of my problem is not enough patience.

Note to self:

PATIENCE
PATIENCE
PATIENCE
please DON'T copy my trades I am still learning
  • #98,859
  • Nov 17, 2008 11:26am Nov 17, 2008 11:26am
As for me i see this could come to 5100-130 area.theare i might go short.And yes still long.
  • #98,860
  • Nov 17, 2008 11:26am Nov 17, 2008 11:26am
Quoting micho
at which price did u enter short?
4807 and once I took that hit it all went downhill.

I mean 4707 scrub the above
please DON'T copy my trades I am still learning
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