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Cable Update (GBPUSD)

  • #100,841
  • Nov 25, 2008 7:23am Nov 25, 2008 7:23am
Quoting Vourvoul
Just closed my long from 4990. Waiting for the news now.
Good Play....I should have taken that bounce long instead of catching the short on the breakout.
Zone Breakout Method
  • #100,842
  • Nov 25, 2008 7:26am Nov 25, 2008 7:26am
Quoting Rasheed
I just short at 1.5053...
Can anybody comment?
Is my skill ok?
I'm still learning, read many indi, fibo, pitcok...
And finally i got dizzy...


*I sell after the price pass the Yellow TL and Pivot.
yur looking good....welldone nice charts..
  • #100,843
  • Nov 25, 2008 7:26am Nov 25, 2008 7:26am
I took thje bounce too but pulled out of it when it looked like it had exhausted. It was a Fed announcment regarding extra super spending that was just released that boosted all shares and it may affect the direction of cable so I will wait for further direction. Looks to have stimulated the markets.

Quoting PowerTrader
Good Play....I should have taken that bounce long instead of catching the short on the breakout.
Ride the Bulls bearback!
  • #100,844
  • Nov 25, 2008 7:30am Nov 25, 2008 7:30am
Quoting PowerTrader
Good Play....I should have taken that bounce long instead of catching the short on the breakout.

It was the safer play. Hope you TP.

I was thinking of opening a short position at 5055 since my long was in profit and then wait for the news.

Alas, I succumbed to the certainty of those green pips.
  • #100,845
  • Nov 25, 2008 7:31am Nov 25, 2008 7:31am
Quoting alcando
I took thje bounce too but pulled out of it when it looked like it had exhausted. It was a Fed announcment regarding extra super spending that was just released that boosted all shares and it may affect the direction of cable so I will wait for further direction. Looks to have stimulated the markets.

I know what you mean, I was ready to cancel the order at 5010 but didn't.

Keep us up to date with these Fed announcements mate.
  • #100,846
  • Nov 25, 2008 7:36am Nov 25, 2008 7:36am
Quoting behram
as long as you learn navin
i made +2 pips

yes....it really was a stupid thing to do.....

now dailly is bullish and we had a retrace.....lets see if this cable need a push..id push it if i could
  • #100,847
  • Nov 25, 2008 7:38am Nov 25, 2008 7:38am
Keep an ear on this if you can
http://retail.ransquawk.com/
or
http://www.marketwatch.com/news/story/Fed-unveils-200-billion-plan/story.aspx?guid={9F507139-32D5-4F43-81BC-96F1089A2081}


Quoting Vourvoul
I know what you mean, I was ready to cancel the order at 5010 but didn't.

Keep us up to date with these Fed announcements mate.
Ride the Bulls bearback!
  • #100,848
  • Nov 25, 2008 7:38am Nov 25, 2008 7:38am
Quoting PowerTrader
You can see we penetrated trend line, 23.6 and 50 ema on 4hr chart. We bounced exactly on the 61.8 retrace on the 1 hr. Just have to wait and see. My first thoughts are it should go back up but I will react to whatever happens. I did take a short at 1.5038 and have locked in 1 pip and will let it run.

PT

Sorry I messed this up first time I tried to post.
So it bounced off the 61.8. We going to see 54 now? What do you think? My friend Fibonacci says so.
  • #100,849
  • Nov 25, 2008 7:40am Nov 25, 2008 7:40am
Quoting alcando
Keep an ear on this if you can
http://retail.ransquawk.com/
or
http://www.marketwatch.com/news/story/Fed-unveils-200-billion-plan/story.aspx?guid={9F507139-32D5-4F43-81BC-96F1089A2081}

Thanks
  • #100,850
  • Nov 25, 2008 7:45am Nov 25, 2008 7:45am
man u gotta love when a plan comes together....
  • #100,851
  • Nov 25, 2008 7:47am Nov 25, 2008 7:47am
Quoting nAVIN2007
man u gotta love when a plan comes together....
yup, i'm doing the conga
  • #100,852
  • Nov 25, 2008 7:48am Nov 25, 2008 7:48am
Quoting alcando
Keep an ear on this if you can
http://retail.ransquawk.com/
or
http://www.marketwatch.com/news/story/Fed-unveils-200-billion-plan/story.aspx?guid={9F507139-32D5-4F43-81BC-96F1089A2081}
Now i realy back in biss
GELORE
  • #100,853
  • Nov 25, 2008 7:49am Nov 25, 2008 7:49am
Quoting Vourvoul
So it bounced off the 61.8. We going to see 54 now? What do you think? My friend Fibonacci says so.

We are going to see something. I did go long when we broke back through the 38.2 fib at 15064. Yes we should run up and I see the first big resistance at around 5300 or close. Hats off to those who took this bounce at the bottom. Very good trading.

PT

Just a thought and my 2 cents. To those having problems. Learn fibonacci and money management and you will succeed.
Zone Breakout Method
  • #100,854
  • Nov 25, 2008 7:49am Nov 25, 2008 7:49am
Quoting musani
If get trap at 5189 long and when i open after 10hr later this what if got
I never been lost at this high so far.
hope u can take deep breath now..n i can stop trade for today..was long at 5030 n tot for few pips only but it went up 200++..
  • #100,855
  • Nov 25, 2008 7:49am Nov 25, 2008 7:49am
Quoting musani
Now i realy back in biss
glad u stuck in there...dailly was incredibly bullish and doolar index was just waiting to tank
  • #100,856
  • Nov 25, 2008 7:52am Nov 25, 2008 7:52am
EO would be proud of me today....the force is strong for once...
  • #100,857
  • Nov 25, 2008 7:55am Nov 25, 2008 7:55am
This is getting Dizzy...
I remember or a note in Babypips
saying;

"When you Sell, the price go to Buy, you get angry and trow away your computer. Now you have 2 problem. One is Loss and Second, a broken computer"

Hahaha...
Learning, is a never ending processs...
  • #100,858
  • Nov 25, 2008 7:55am Nov 25, 2008 7:55am
Quoting PowerTrader
We are going to see something. I did go long when we broke back through the 38.2 fib at 15064. Yes we should run up and I see the first big resistance at around 5300 or close. Hats off to those who took this bounce at the bottom. Very good trading.

PT

Just a thought and my 2 cents. To those having problems. Learn fibonacci and money management and you will succeed.
Starting to regret I exited.

Looking for new entry now...
  • #100,859
  • Nov 25, 2008 7:56am Nov 25, 2008 7:56am
Quoting nAVIN2007
EO would be proud of me today....the force is strong for once...

we are going to break 5248
  • #100,860
  • Nov 25, 2008 7:58am Nov 25, 2008 7:58am
Quoting AmeriTrini
we are going to break 5248
We need a bit of a retracement first...

And an entry point
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