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Cable Update (GBPUSD)

  • #101,181
  • Nov 25, 2008 10:24pm Nov 25, 2008 10:24pm
Quoting steelhead
Be very careful with those longs. Unless you are looking for 20-30 pips be very careful.

Not the time to buy yet
will do, im locked in +2 pips, so will see what happens
  • #101,182
  • Nov 25, 2008 10:24pm Nov 25, 2008 10:24pm
Quoting steelhead
Be very careful with those longs. Unless you are looking for 20-30 pips be very careful.

Not the time to buy yet
If we get a m15 close above 50ema I should get at least 60 pips before I sleep.
Patience + Discipline - Greed = Success
  • #101,183
  • Nov 25, 2008 10:26pm Nov 25, 2008 10:26pm
Quoting Infinity
Yeah bro.... We were also at the 38.2 level from yesterdays move.. I see that it is possible to come down some more based on the h4 but the h1 trendline should provide good support..

I think I will close this trade before I go to sleep because the gdp figure coming up for uk could cause some whipping...
I agree, I'm not holding this trade for that long. I will be closed out before I go to bed as well. It's all a question as to when now.
Just digging in the trenches like everyone else!
  • #101,184
  • Nov 25, 2008 10:26pm Nov 25, 2008 10:26pm
Quoting steelhead
Be very careful with those longs. Unless you are looking for 20-30 pips be very careful.

Not the time to buy yet
Really ???
Why dont you tell earlier
  • #101,185
  • Nov 25, 2008 10:31pm Nov 25, 2008 10:31pm
Quoting gagakrimba
Really ???
Why dont you tell earlier

Ah cause i dont tell anyone what to do. I certainly dont give out signals. You are all free to do what you want just be careful.

I wont even consider a long on this for another several hundred pips.

you all got a bit of a break on it. Manage the trade and let it roll
  • #101,186
  • Nov 25, 2008 10:34pm Nov 25, 2008 10:34pm
broke out from a small downtrend on the 15min, should be good for a few pips
  • #101,187
  • Nov 25, 2008 10:37pm Nov 25, 2008 10:37pm
Quoting steelhead
Ah cause i dont tell anyone what to do. I certainly dont give out signals. You are all free to do what you want just be careful.

I wont even consider a long on this for another several hundred pips.
Everyone, please understand, steelhead trades on the 4h time frame primarily. Our trades that turn out quick pips (scalps at times) are not the setups he uses.

There are some traders that will make 150 pips in a day when the market has moved 300 pips and there are others that will make 500 in a day when the market only moves 200. It's all about trading styles, risk:reward, and personalities. Trade what you see, if you f*ck up, you only have yourself to blame and learn not to do it again.
Just digging in the trenches like everyone else!
  • #101,188
  • Nov 25, 2008 10:37pm Nov 25, 2008 10:37pm
closed out now, managed to grab +53 that should help me sleep better now
  • #101,189
  • Nov 25, 2008 10:38pm Nov 25, 2008 10:38pm
Quoting Infinity
If we get a m15 close above 50ema I should get at least 60 pips before I sleep.
We're going to see the 15m 35 I believe. I didn't want the last 15m candle to close tight to the 21ema, but I do want it above the 50/10. Let's see how she turns out, I'm covered and I'm sure you are as well.
Just digging in the trenches like everyone else!
  • #101,190
  • Nov 25, 2008 10:40pm Nov 25, 2008 10:40pm
Quoting PipLand
closed out now, managed to grab +53 that should help me sleep better now
Good job!
Just digging in the trenches like everyone else!
  • #101,191
  • Nov 25, 2008 10:40pm Nov 25, 2008 10:40pm
I closed my long for 40 pips.. My son just woke up so I am going to put him back to bed. I think I am done for tonight though.. Good luck with your trades..
Patience + Discipline - Greed = Success
  • #101,192
  • Nov 25, 2008 10:42pm Nov 25, 2008 10:42pm
Quoting Infinity
I closed my long for 40 pips.. My son just woke up so I am going to put him back to bed. I think I am done for tonight though.. Good luck with your trades..
Take care of your son!
Just digging in the trenches like everyone else!
  • #101,193
  • Nov 25, 2008 10:42pm Nov 25, 2008 10:42pm
Quoting PipLand
closed out now, managed to grab +53 that should help me sleep better now
Good work...
Patience + Discipline - Greed = Success
  • #101,194
  • Nov 25, 2008 10:43pm Nov 25, 2008 10:43pm
Quoting eohater
Take care of your son!
Thanks bro!! Talk to you tomorrow...
Patience + Discipline - Greed = Success
  • #101,195
  • Nov 26, 2008 1:28am Nov 26, 2008 1:28am
closed out gu + 191 pips, looking for a new entry.
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  • #101,196
  • Nov 26, 2008 1:30am Nov 26, 2008 1:30am
I went long 1.5344, locked + 10 pips, look for 1.5400 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #101,197
  • Nov 26, 2008 1:39am Nov 26, 2008 1:39am
morning morning

well yesterday was up 180 today back to work and it sucks i cant trade well...
i am starting to wish that i would be sick everyday to stay home to trade lol nice logic

in my opinion, now market is confused, after this huge bearish candle on the 4H, im frozen... i doubt we will see 1.56 and at the same time i am not going to open a short with a stop of 260 pips even though target is 1.47xx but hell no, my account cant handle that... for now looking for the rsi to calm down a little or waiting for new small up trends to ride them if i got the time and space!!!

good luck everyone
When life gives you lemons, make lemonade
  • #101,198
  • Nov 26, 2008 2:39am Nov 26, 2008 2:39am

AL Alhamdulillah (thank god) for such progress i found in Da market

i hope all of you doing great in your own trade

for euro+cable the trend still under bearish activity

untill now the down trend make my total profits in euro 3000 pip& cable 5000 pip.



& all the past up move was just retrace coz with euro price Gathering more momentum to break more levels to complete his down trend cycle
so i forecast more bearish activity but i will put fundamentals in my mind too & to be clear with you:
and to be clear to you
all the buyers and the sellers are here in those threads and you know the forex basic rule
only 20% win and the other 80% loss
so try to figure it out by your mind

if you find most posts talk about retrace that will may happen to the up you will find the price is going down, and if you find most posts talk about the continuation of down trend you will find price is going up .

so trade well my friend and trade well.
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  • #101,199
  • Nov 26, 2008 3:01am Nov 26, 2008 3:01am
lets see where this puppy goes...
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  • #101,200
  • Nov 26, 2008 3:03am Nov 26, 2008 3:03am
....
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