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Cable Update (GBPUSD)

  • #99,681
  • Nov 19, 2008 10:21am Nov 19, 2008 10:21am
Dude I think from this level you would do well to wait it out an maybe see a profit. I would be cautious of the next 30 mins tho as it looks like a new diagonal uptrendline and there is this strong S&R level at 14995 that we used on the way up still to contend with so I see this hitting a range pretty much here. For me, not a great day and I feel like I am gambling and not trading now, so until we establish some firm direction I am out of this. Happy trading and I hope you meet your BE.. +some


Quoting micho
im back home now... just too busy with my charts... i got some 35 pips but missed the big short anyway since i was at the road as usual...

i have a short open at 1.4956. give me your ideas please, and be reasonable its now around -150 and i got back +35 already so i can afford to close it on -35... so come on
Ride the Bulls bearback!
  • #99,682
  • Nov 19, 2008 10:24am Nov 19, 2008 10:24am
market is crashing. longs be careful
USD Est Non Mortuus
  • #99,683
  • Nov 19, 2008 10:24am Nov 19, 2008 10:24am
I think 1.5050 entry for long
  • #99,684
  • Nov 19, 2008 10:26am Nov 19, 2008 10:26am
hey alcando, i set a buy now at 57 damn it now im hedged with -100 which would bring my week total to -40
When life gives you lemons, make lemonade
  • #99,685
  • Nov 19, 2008 10:26am Nov 19, 2008 10:26am
Quoting gagakrimba
I think 1.5050 entry for long
Hahahahahaha.....
I spoke too soon
  • #99,686
  • Nov 19, 2008 10:27am Nov 19, 2008 10:27am
enter he krimba its the 61% of the up trend... at 39 for a scalp 50 pips mayebe
When life gives you lemons, make lemonade
  • #99,687
  • Nov 19, 2008 10:28am Nov 19, 2008 10:28am
what went up and took 2 days comes down in 30 minutes
  • #99,688
  • Nov 19, 2008 10:28am Nov 19, 2008 10:28am
what i think is it will go from 39 to 1.51 and then down again... thats why i enter long at 57 fuck
When life gives you lemons, make lemonade
  • #99,689
  • Nov 19, 2008 10:29am Nov 19, 2008 10:29am
its the bearish diverence on 1hr chart which is the reason for this drop i think
  • #99,690
  • Nov 19, 2008 10:29am Nov 19, 2008 10:29am
you guys gotta start watching the dow.
USD Est Non Mortuus
  • #99,691
  • Nov 19, 2008 10:29am Nov 19, 2008 10:29am
but i told u and in the end at lost -65 on the trade which was supposed to be at least 0 or positive but i missed the sell entry when i was driving
When life gives you lemons, make lemonade
  • #99,692
  • Nov 19, 2008 10:32am Nov 19, 2008 10:32am
Quoting nAVIN2007
its the bearish diverence on 1hr chart which is the reason for this drop i think
yeah and not only that cause 1.526x is the stop loss of the sellers of the 4h trend... they didnt close their shorts until the longs got tired and it went down.. but now i think more to 1.51x and then down again

i dont know really, bad day for me
When life gives you lemons, make lemonade
  • #99,693
  • Nov 19, 2008 10:34am Nov 19, 2008 10:34am
now maybe will go to 1.516x and then down
i hope maybe i get some of the pips
When life gives you lemons, make lemonade
  • #99,694
  • Nov 19, 2008 10:36am Nov 19, 2008 10:36am
Quoting LuckyLurker
you guys gotta start watching the dow.
Dow Jones Industrial Index?
Keep It Simple Stupid
  • #99,695
  • Nov 19, 2008 10:38am Nov 19, 2008 10:38am
Quoting Alastair
Dow Jones Industrial Index?

hehe yeah first name dow
father name jones
family name industrial
and its an index
When life gives you lemons, make lemonade
  • #99,696
  • Nov 19, 2008 10:42am Nov 19, 2008 10:42am
Quoting micho
hehe yeah first name dow
father name jones
family name industrial
and its an index
What time frame?
Keep It Simple Stupid
  • #99,697
  • Nov 19, 2008 10:46am Nov 19, 2008 10:46am
Duuude. So you hedged in a lossss... Isn't there a golden rule against that?

Lucky's right the Dow is a great gauge of confidence and needs to be up and not tumbling for cable confidence. UK stock markets are fine during the UK morning and then when US traders come on line and say boo! they run like chickens


Quoting micho
hey alcando, i set a buy now at 57 damn it now im hedged with -100 which would bring my week total to -40
Ride the Bulls bearback!
  • #99,698
  • Nov 19, 2008 10:46am Nov 19, 2008 10:46am
Quoting Alastair
What time frame?
no man he said u need to watch the dow jones price overall
When life gives you lemons, make lemonade
  • #99,699
  • Nov 19, 2008 10:47am Nov 19, 2008 10:47am
Quoting alcando
Duuude. So you hedged in a lossss... Isn't there a golden rule against that?

Lucky's right the Dow is a great gauge of confidence and needs to be up and not tumbling for cable confidence. UK stock markets are fine during the UK morning and then when US traders come on line and say boo! they run like chickens
man i dont wanna answer you.... you didnt want to admit about the rule of gravity at the first place now u r blaming me for hedging... yes im a cold blooded asshole but in the end i have a nerves system
When life gives you lemons, make lemonade
  • #99,700
  • Nov 19, 2008 10:52am Nov 19, 2008 10:52am
no worries. I am also down... on a day like this its scandalous so I quit and will not trade again today.

Quoting micho
man i dont wanna answer you.... you didnt want to admit about the rule of gravity at the first place now u r blaming me for hedging... yes im a cold blooded asshole but in the end i have a nerves system
Ride the Bulls bearback!
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