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Cable Update (GBPUSD)

  • #100,661
  • Nov 24, 2008 9:58am Nov 24, 2008 9:58am
Quoting linleysound
Yeah...Armadillos don't generally make great traders....
..i like the use of the word generally..
  • #100,662
  • Nov 24, 2008 10:11am Nov 24, 2008 10:11am
Quoting nAVIN2007
..i like the use of the word generally..
it's been a long day...i'm somewhat delusional...
  • #100,663
  • Nov 24, 2008 10:13am Nov 24, 2008 10:13am
Quoting nAVIN2007
..i like the use of the word generally..
alright nav, I missed out on all that too, I even saw the setup at 9-915 our time and didn't enter, think i've got a bit nervous, then went out for the day so couldn't do anything anyway.

have you traded today yst?

what time does NY close our time?
please DON'T copy my trades I am still learning
  • #100,664
  • Nov 24, 2008 10:34am Nov 24, 2008 10:34am
Quoting ezmystic
alright nav, I missed out on all that too, I even saw the setup at 9-915 our time and didn't enter, think i've got a bit nervous, then went out for the day so couldn't do anything anyway.

have you traded today yst?

what time does NY close our time?
same here i noticed this setup back early in the morning around 9am....i have a platform on demo open where im trading dollar index..i notice on the demo...the way i think in terms of my trade is quite different, i should be thinking like this on real account

only difference is bloody money makes the difference...now i gotta figure out a way to trade on a real account just like that of a demo..

trade on demo was 124 pips this morning
live 4 pips..
  • #100,665
  • Nov 24, 2008 10:35am Nov 24, 2008 10:35am
Quoting nAVIN2007
same here i noticed this setup back early in the morning around 9am....i have a platform on demo open where im trading dollar index..i notice on the demo...the way i think in terms of my trade is quite different, i should be thinking like this on real account

only difference is bloody money makes the difference...now i gotta figure out a way to trade on a real account just like that of a demo..

trade on demo was 124 pips this morning
live 4 pips..

Hey navin you indian ? Me been trading 0.01 lots as well.. up 140 pips? so we going up or down?
  • #100,666
  • Nov 24, 2008 10:36am Nov 24, 2008 10:36am
Quoting nAVIN2007
i see cable going up now...support tested...lets see what happens
I pitty the short people!!!!!!!!!
  • #100,667
  • Nov 24, 2008 10:45am Nov 24, 2008 10:45am
Quoting AmeriTrini
I pitty the short people!!!!!!!!!
yes definately and nowthis is leading to breakout trade to the top side..the shorts will be finished!!! i fear
  • #100,668
  • Nov 24, 2008 10:46am Nov 24, 2008 10:46am
Quoting AmeriTrini
I pitty the short people!!!!!!!!!
How far will this baby go?
Will we see 1.5500 ?
  • #100,669
  • Nov 24, 2008 10:50am Nov 24, 2008 10:50am
Quoting gagakrimba
How far will this baby go?
Will we see 1.5500 ?
1.5250 if this breaks to form support....this will fly
  • #100,670
  • Nov 24, 2008 10:53am Nov 24, 2008 10:53am
Quoting nAVIN2007
1.5250 if this breaks to form support....this will fly
There you go Nav, very good reasoning!!!
  • #100,671
  • Nov 24, 2008 10:55am Nov 24, 2008 10:55am
Quoting AmeriTrini
There you go Nav, very good reasoning!!!
thx buddy..
  • #100,672
  • Nov 24, 2008 10:55am Nov 24, 2008 10:55am
Quoting nAVIN2007
same here i noticed this setup back early in the morning around 9am....i have a platform on demo open where im trading dollar index..i notice on the demo...the way i think in terms of my trade is quite different, i should be thinking like this on real account

only difference is bloody money makes the difference...now i gotta figure out a way to trade on a real account just like that of a demo..

trade on demo was 124 pips this morning
live 4 pips..
well +4 is better than nowt eh? I've just had a great idea, we look at the setup and decide it's good, then get someone else to put trade on for uson our accouts, so it's still our fault if it goes wrong we just don't pull the trigger. what do you reckon?
please DON'T copy my trades I am still learning
  • #100,673
  • Nov 24, 2008 10:59am Nov 24, 2008 10:59am
You guys are so sure that shorts are done! Becareful with that attitude! Trade the charts!
Just digging in the trenches like everyone else!
  • #100,674
  • Nov 24, 2008 11:05am Nov 24, 2008 11:05am
Quoting eohater
You guys are so sure that shorts are done! Becareful with that attitude! Trade the charts!
Profit taking alone always causes a fall back - a movement because of that always gives a chance to scalpers, especially if they are betting with the trend
  • #100,675
  • Nov 24, 2008 11:08am Nov 24, 2008 11:08am
Quoting allserene
Profit taking alone always causes a fall back - a movement because of that always gives a chance to scalpers, especially if they are betting with the trend
I agree that profit taking does cause a fall back, but I'm seeing 5180 holding pretty good right now. I've played this price for 80 pips already today and I plan on getting another 80. Not bad if you ask me with such a small draw down on my account both times.
Just digging in the trenches like everyone else!
  • #100,676
  • Nov 24, 2008 11:08am Nov 24, 2008 11:08am
Quoting eohater
You guys are so sure that shorts are done! Becareful with that attitude! Trade the charts!
====>
Patience + Discipline - Greed = Success
  • #100,677
  • Nov 24, 2008 11:09am Nov 24, 2008 11:09am
i had problems coming online its been 2 hours... the backup connection is on the other desktop pc and my back is hurting i cant sit there...

cant connect the mt4 though still... whats the price? hope eo and infinity went out of their positions
When life gives you lemons, make lemonade
  • #100,678
  • Nov 24, 2008 11:10am Nov 24, 2008 11:10am
Quoting eohater
You guys are so sure that shorts are done! Becareful with that attitude! Trade the charts!
i know bro....however my reasoning behind cable moving up is that dollar index has broke a significant support and i expect it be a catalyst for a larger move down....

market is neutralizing (i think) for a bigger move north

will be interesting to see how it plays out..
  • #100,679
  • Nov 24, 2008 11:10am Nov 24, 2008 11:10am
Quoting allserene
Profit taking alone always causes a fall back - a movement because of that always gives a chance to scalpers, especially if they are betting with the trend

profit taking as usual!!!
  • #100,680
  • Nov 24, 2008 11:10am Nov 24, 2008 11:10am
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