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Cable Update (GBPUSD)

  • #100,361
  • Nov 21, 2008 5:15pm Nov 21, 2008 5:15pm
Quoting Shilva
i just took a short at 4830 with a tight stop for a retest of the low at 4700.

With the rejection off 4850 area....with that much momentum on the recent down move we should retest the low before up.
Took +50 on this trade when it failed twice to break below 4770 area....reversed and went long till close of day and booked another +60.

Picked up +130 on the down move this morning.

Up +240 today...... for me that's not bad.

Price action on the 5m charts rule!

  • #100,362
  • Nov 21, 2008 5:27pm Nov 21, 2008 5:27pm
Quoting Big Wave Rider
My first negative week since may.

I'm off to go drown my sorrows in a bottle and a blonde.


See you next week.
Have a gr8 one...We do not have muc blonde but alot of blak-hair hottie...

http://i226.photobucket.com/albums/d...y/fionax-1.jpg

Sonic
  • #100,363
  • Nov 21, 2008 6:35pm Nov 21, 2008 6:35pm
Quoting eohater
Have a great weekend. Look over your past charts and see where you messed up at and come back next week with a new view ready to kick her ass!

Sup Bro...

I did catch a near +180 pips fr GBP/USD...
I do not really like Friday much and I wan't looking to hold any pos over weekend...so I take it slow...by trading smaller lots...

I locked(trail tight) my profit when we hit M2...so it closed itself just before it went back up...

Sometimes, I feel like a fighter pilot while trading FX... We gota trying/fighting hard to lock the enemy planes while they are trying to do the exact same thing back to us.... and once trail it set..it is like we hav locked the enemy plane...with heat sensing sidewinder rocket....Just wait for the Boom Sound...with hugh fire ball....

Have a nice weekend...

Sonic

http://static.howstuffworks.com/gif/sidewinder-9.jpg


http://www.forexfactory.com/attachme...1&d=1227309519
  • #100,364
  • Nov 21, 2008 6:48pm Nov 21, 2008 6:48pm
The close did not work out as clear cut as I expected. This thing could still go either way based on the charts so it best to watch price action and go with the flow with short term positions. Anyway, it is the weekend so we should forget about all this shit and get to the partying... Enjoy your weekend guys...
Attached Image
Patience + Discipline - Greed = Success
  • #100,365
  • Nov 21, 2008 7:46pm Nov 21, 2008 7:46pm

Heading south on moday wut da ya think...

Happy weekends...

Learning, is a never ending processs...
  • #100,366
  • Nov 21, 2008 9:37pm Nov 21, 2008 9:37pm
Quoting Infinity
The close did not work out as clear cut as I expected. This thing could still go either way based on the charts so it best to watch price action and go with the flow with short term positions. Anyway, it is the weekend so we should forget about all this shit and get to the partying... Enjoy your weekend guys...
Already forgot........

Drinking a 40oz and smoking a fatty!!!

Enjoy your weekend!!

HOLLA
  • #100,367
  • Nov 22, 2008 2:23am Nov 22, 2008 2:23am
GU bear FLAG?
Attached Image (click to enlarge)
Click to Enlarge Name: GU 22Nov08 H1.gif Size: 22 KB
  • #100,368
  • Nov 22, 2008 1:50pm Nov 22, 2008 1:50pm
it's looking like Gap up on Sun.
I belive the rest of the markets will be responding to the positive DOW after that thing they had...somekind of appointment or whatever that drove the market 500 before close.

I managed to get a trade in before close at 4904 with a SL of +1 and TP of +150. If it goes up, great, if not...i'm safe.

I'm still of the mind i was at the beginning of the month. there is no real direction..i think there is a LOT at play with this pair driving it right now.. some tech but a lot of DOW and it's flakey as hell.

with the holidays coming up, we may see the dow tank even more. probably see a lot of people start pulling what they got left for a decent holiday, as well, i'm betting better than average trading in FX during the holiday. Last year sucked, markets were very wierd. I believe there will be a lot of money to be made here this year...

happy trading all.
peace
D
  • #100,369
  • Nov 22, 2008 3:38pm Nov 22, 2008 3:38pm
no real direction!!! your kidding right.. its right in your face... there is nothing on gu right now that shows anything bullish apart from assumption..
  • #100,370
  • Nov 22, 2008 10:17pm Nov 22, 2008 10:17pm
Quoting dakrusha
it's looking like Gap up on Sun.
I belive the rest of the markets will be responding to the positive DOW after that thing they had...somekind of appointment or whatever that drove the market 500 before close.

I managed to get a trade in before close at 4904 with a SL of +1 and TP of +150. If it goes up, great, if not...i'm safe.

I'm still of the mind i was at the beginning of the month. there is no real direction..i think there is a LOT at play with this pair driving it right now.. some tech but a lot of DOW and it's flakey as hell.

with the...
I hear ya Dakrusha...........

I got my targets set for either way......

HOLLA
  • #100,371
  • Nov 23, 2008 12:59am Nov 23, 2008 12:59am
Quoting tropical_g
no real direction!!! your kidding right.. its right in your face... there is nothing on gu right now that shows anything bullish apart from assumption..
then i guess i'm blind....but incase you haven't notice, GU has been following very little tech since the beginning of this month and a hell of a lot of DOW....which if all F)(*&Ked up right now.

but hey, you don't have to like what i have to say. i'm making money on what i dohttp://www.forexfactory.com/images/icons/icon12.gif

as a side note..i'm not talking about global direction...i'm talking local...my trades don't ride for days on end...if they did i would have shorted a month ago and let it hold...all i can say is look at the charts since nov1 and 1H or smaller...and you'll see what i'm talking about.
  • #100,372
  • Nov 23, 2008 1:02am Nov 23, 2008 1:02am
Quoting Turtle
I hear ya Dakrusha...........

I got my targets set for either way......

HOLLA

WOOOT!!! glad to see somebody got my back!
hope ur weekend is kickin it!
  • #100,373
  • Nov 23, 2008 1:33am Nov 23, 2008 1:33am
Quoting tropical_g
no real direction!!! your kidding right.. its right in your face... there is nothing on gu right now that shows anything bullish apart from assumption..
Quoting dakrusha
then i guess i'm blind....but incase you haven't notice, GU has been following very little tech since the beginning of this month and a hell of a lot of DOW....which if all F)(*&Ked up right now.

but hey, you don't have to like what i have to say. i'm making money on what i dohttp://www.forexfactory.com/images/icons/icon12.gif

as a side note..i'm not talking about global direction...i'm talking local...my trades don't ride for days on end...if they did i would have shorted a month ago and let it hold...all i can say is...

i think i must be blind too.

i agree with you dakrusha regarding the small trends... especially with the divergence on the daily and 4h charts... my opinion is we will see consolidation with slightly downhill in the next period until we touch 1.43 which is the weekly target... but daily target lies at 1.45xx so probably when we touch that we might have a rebound to 1.5x or more before seeing 1.43...

regarding the technical analysis vs dow movements, i dont rely on anything but the charts of gu... but for instance if gu is following dow then this correlation is causing the first sparkle of the move which is the signals around Fibonacci points which then drives the market up or down. and one more thing, regarding the 2 bull traps we saw this week, i think its pure price manipulation and/or unexplainable moves correlating with dow... but when u look at the charts, technically u can tell if u should go long and what are the targets for that long before the gu collapses again

so either ways, i think next month will be challenging to trade and i will look forward to see the results
When life gives you lemons, make lemonade
  • #100,374
  • Nov 23, 2008 3:29am Nov 23, 2008 3:29am
Quoting dakrusha
it's looking like Gap up on Sun.
I belive the rest of the markets will be responding to the positive DOW after that thing they had...somekind of appointment or whatever that drove the market 500 before close.

I managed to get a trade in before close at 4904 with a SL of +1 and TP of +150. If it goes up, great, if not...i'm safe.

I'm still of the mind i was at the beginning of the month. there is no real direction..i think there is a LOT at play with this pair driving it right now.. some tech but a lot of DOW and it's flakey as hell.

with the...
Your broker will honor the SL if it gaps down ?

IBFX punts you out at your TP but if you have a 5 pip SL at close and it gaps 100 pips against you, you PAY the 100 pips where it opens.....

scumbags.......
  • #100,375
  • Nov 23, 2008 4:02am Nov 23, 2008 4:02am
Quoting kujo17
Your broker will honor the SL if it gaps down ?

IBFX punts you out at your TP but if you have a 5 pip SL at close and it gaps 100 pips against you, you PAY the 100 pips where it opens.....

scumbags.......
i haven't had problems with other brokers honestly and didn't give it much thot. i almost NEVER run trades over the weekend...i guess we'll find out...KEEPING FINGERS CROSSED!!!
  • #100,376
  • Nov 23, 2008 4:15am Nov 23, 2008 4:15am
Quoting dakrusha
i haven't had problems with other brokers honestly and didn't give it much thot. i almost NEVER run trades over the weekend...i guess we'll find out...KEEPING FINGERS CROSSED!!!
yeah you want to be careful mate, some brokers will close you out at your SL even if it does gap over, but some won't. Good Luck with it
please DON'T copy my trades I am still learning
  • #100,377
  • Nov 23, 2008 4:38am Nov 23, 2008 4:38am
If i set an order to kick in say 5 pips either way with TP of 100-150 and very tight SL does anyone reckon this would be filled and would it fill at roughly the price I've asked for?

Does anyone know?
please DON'T copy my trades I am still learning
  • #100,378
  • Nov 23, 2008 4:50am Nov 23, 2008 4:50am
Quoting dakrusha
i haven't had problems with other brokers honestly and didn't give it much thot. i almost NEVER run trades over the weekend...i guess we'll find out...KEEPING FINGERS CROSSED!!!
Just for the future bro....i never knew this myself:

if u trade and enter for example 1.50 to go long to TP 1.50 and SL1.4950 and the market gaps down below yur SL....and doesnt came back to the SL figure

the stops wont be tigerred and yur broker will demand the money....gap is the only way why can get F**ked even with stops

alpari open for me 1hr later than everywhere else for me the gap can be huge thats why i will never allow a trade over weekend....especially as it can technically go up or down

lets just hope yur good....
  • #100,379
  • Nov 23, 2008 4:52am Nov 23, 2008 4:52am
Quoting ezmystic
If i set an order to kick in say 5 pips either way with TP of 100-150 and very tight SL does anyone reckon this would be filled and would it fill at roughly the price I've asked for?

Does anyone know?

dont wanna try that bro.if market gap ovbver the SL then yur screwed and that can happen to any1...thats why weekend is dangerous...all brokers behave the same on this
  • #100,380
  • Nov 23, 2008 5:05am Nov 23, 2008 5:05am
Quoting nAVIN2007
dont wanna try that bro.if market gap ovbver the SL then yur screwed and that can happen to any1...thats why weekend is dangerous...all brokers behave the same on this
cheers mate. I'm going to do it on a demo account just for fun anyway, but I'm not willing to take the risk of getting hammered on a real account. Hope your having good weekend, it's p*****g down with rain here.
please DON'T copy my trades I am still learning
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