BREAKOUT!
Cable Update (GBPUSD)
- #100,161
- Nov 21, 2008 8:50am Nov 21, 2008 8:50am
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
- #100,162
- Nov 21, 2008 8:52am Nov 21, 2008 8:52am
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
oil broke 61.6 fib
- #100,163
- Nov 21, 2008 8:53am Nov 21, 2008 8:53am
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
Another interesting observation that I came across...
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #100,164
- Nov 21, 2008 8:54am Nov 21, 2008 8:54am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Very nice observation ....... Yes... red pips become green pips !
- #100,165
- Nov 21, 2008 9:09am Nov 21, 2008 9:09am
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
took a trade on the live sell 1.4970 target 1.4735 stop 1.5135 but closed it +51 cause the stop is large
it is still valid for the short people who have big accounts as for the long people i think it will rebound up again but should not touch 1.5135
good luck
it is still valid for the short people who have big accounts as for the long people i think it will rebound up again but should not touch 1.5135
good luck
When life gives you lemons, make lemonade
- #100,166
- Nov 21, 2008 9:17am Nov 21, 2008 9:17am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
took a trade on the live sell 1.4970 target 1.4735 stop 1.5135 but closed it +51 cause the stop is large
it is still valid for the short people who have big accounts as for the long people i think it will rebound up again but should not touch 1.5135
good luck
my tarket is at least 200 pips on this one
- #100,168
- Nov 21, 2008 9:21am Nov 21, 2008 9:21am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
- #100,169
- Nov 21, 2008 9:21am Nov 21, 2008 9:21am
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
yes this is what i tell myself...i prepared to take the risk on this one...man im feeling great in the trade, its not effecting so much...i might be turning a corner here
my tarket is at least 200 pips on this one
good luck
but dont expect it to be hit quickly it may take alot of time, go against you... bla bla then go down like a peach
When life gives you lemons, make lemonade
- #100,170
- Nov 21, 2008 9:22am Nov 21, 2008 9:22am
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
- #100,171
- Nov 21, 2008 9:23am Nov 21, 2008 9:23am
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
The Dow broke a major support yesterday at 7800. She needs to test it to become either resistance or back ontop of it. If 7800 holds as resistance, the Dow will see 5000 pretty quick.
- #100,172
- Nov 21, 2008 9:24am Nov 21, 2008 9:24am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
dont close it before hitting the target, it should be also 1.5 minimum reward to ratio..
good luck
- #100,173
- Nov 21, 2008 9:27am Nov 21, 2008 9:27am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
- #100,177
- Nov 21, 2008 9:37am Nov 21, 2008 9:37am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #100,178
- Nov 21, 2008 9:39am Nov 21, 2008 9:39am
- | Joined May 2007 | Status: Trader | 4,716 Posts
The Dow broke a major support yesterday at 7800. She needs to test it to become either resistance or back ontop of it. If 7800 holds as resistance, the Dow will see 5000 pretty quick.
HOLLA
- #100,179
- Nov 21, 2008 9:41am Nov 21, 2008 9:41am
- | Joined May 2007 | Status: Trader | 4,716 Posts
I know, it's frieghtening to think we might see 5000 on the dow, but that's what the charts are saying. I called it over a year and a half ago that if we broke 10800 we would see 8000 pretty quick and unfortunately it was true. We'll see, I don't want to see our economy in such a shitter, but I cannot control it, only live it.
HOLLA