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Cable Update (GBPUSD)

  • #101,461
  • Nov 26, 2008 10:53am Nov 26, 2008 10:53am
Quoting Shilva
Nobody saw that big a drop but you did see that it was building value for a run down.

I was thinking the same thing and you were the confirmation. TY

Trade what you see.
Actually 3, 4hr candles failed to break above a pivot, this drop was expected.
Just Trade It
  • #101,462
  • Nov 26, 2008 10:53am Nov 26, 2008 10:53am
Quoting AmeriTrini
Im holding this baby till over 5500............
Day close will be crucial..
Patience + Discipline - Greed = Success
  • #101,463
  • Nov 26, 2008 10:54am Nov 26, 2008 10:54am
Stopped out yet again...
Patience + Discipline - Greed = Success
  • #101,464
  • Nov 26, 2008 10:56am Nov 26, 2008 10:56am
Quoting Infinity
Day close will be crucial..
nice chart bro,

it failed to get through 37 area twice, doesnt help our cause! third time break would do it
Trading is 80% Emotional, 20% Technical
  • #101,465
  • Nov 26, 2008 10:56am Nov 26, 2008 10:56am
Quoting eohater
I hope you put your mojo on her ass!

and let the cat lick it off ?

It's fetish day for sure
  • #101,466
  • Nov 26, 2008 10:57am Nov 26, 2008 10:57am
Quoting Big Wave Rider
Actually 3, 4hr candles failed to break above a pivot, this drop was expected.
Which pivot was that? Care to explain?
  • #101,467
  • Nov 26, 2008 10:57am Nov 26, 2008 10:57am
Quoting allserene
and let the cat lick it off ?

It's fetish day for sure
I can always count on your wit to bring cheer!

Thanks!
Just digging in the trenches like everyone else!
  • #101,468
  • Nov 26, 2008 10:58am Nov 26, 2008 10:58am
I was in profit before the stock market even opened and now a net loss.
  • #101,469
  • Nov 26, 2008 10:58am Nov 26, 2008 10:58am
DOW slowly rising in a corrective manor, either it breaks north from here or it drops like a rock. either way be prepared for it to do something soon.
Just Trade It
  • #101,470
  • Nov 26, 2008 10:59am Nov 26, 2008 10:59am
Quoting Uphios
Well Steelhead, I owe you a cold one if I ever see you. Went short a little before you and every time it retraced and I got nervous I remebered your position so I added again, and again, and again. Just closed the lot at 1.5200 for a gain on the trade of £26,200 which includes a small loss on the S&P.

Think it has further to go but have to leave some for some one else. My broker is going to go ape.


Thats awesome man thas how you do it. you dont need several trades just one solid entry. If you can learn to do that you can take far less trades and make alot more money.

My hats off to you.
  • #101,471
  • Nov 26, 2008 11:01am Nov 26, 2008 11:01am
Quoting fx local
nice chart bro,

it failed to get through 37 area twice, doesnt help our cause! third time break would do it
Thanks bro! I am not surprised by this selling but it is the timing that got me.. I didn't expect it after a h4 close like that!

The h4 50ema is at 512x so it could go as low as that I think...
We didn't close below the 1h 62ema so that is a positive for longs..
Patience + Discipline - Greed = Success
  • #101,472
  • Nov 26, 2008 11:02am Nov 26, 2008 11:02am
Quoting steelhead
Thats awesome man thas how you do it. you dont need several trades just one solid entry. If you can learn to do that you can take far less trades and make alot more money.

My hats off to you.

Actually scaling in is the best way to compound your winning trades with minimal risk.
Just Trade It
  • #101,473
  • Nov 26, 2008 11:03am Nov 26, 2008 11:03am
Guys, thanks giving bros...... in advance

Actually this baby is waiting to close London Session. Hopefully this will go towards 1.54 direction....

Actually I have changed my trading style from full time to Part Time Scalping trader or swing trader..........
  • #101,474
  • Nov 26, 2008 11:04am Nov 26, 2008 11:04am
Quoting Infinity
Thanks bro! I am not surprised by this selling but it is the timing that got me.. I didn't expect it after a h4 close like that!

The h4 50ema is at 512x so it could go as low as that I think...
We didn't close below the 1h 62ema so that is a positive for longs..
i thought i hit a home run i was looking for 400 pips on that trade
  • #101,475
  • Nov 26, 2008 11:06am Nov 26, 2008 11:06am
Why patriotic Americans should not push the dollar up:

A It encourages the chinese to flood the U.S. market with goods and knock out home grown manufacturing who cant compete

B It damages export companies like Boeing

If you want to be patriotic - join the army and get your willie shot off during the last few months of the occupation like a sensible patriot would

If cable goes back to 2.14 I will bring the rest of my wad to the U.S. and spend it in the US economy - and so will the rest of the world.

Inward investment must be drying up right now
  • #101,476
  • Nov 26, 2008 11:06am Nov 26, 2008 11:06am
4hr 50 ema, daily 5-sma , 76 fib support. Currently on trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 26 KB
  • #101,477
  • Nov 26, 2008 11:07am Nov 26, 2008 11:07am
Quoting Infinity
Thanks bro! I am not surprised by this selling but it is the timing that got me.. I didn't expect it after a h4 close like that!

The h4 50ema is at 512x so it could go as low as that I think...
We didn't close below the 1h 62ema so that is a positive for longs..

it was fast, the recovery not as fast though!! but im looking to cover some nearer 78s, as this 37 area seems to have given way, my overall strategy is to try and sell into failed rallies, a few longs along the way does make it interesting anyway!
Trading is 80% Emotional, 20% Technical
  • #101,478
  • Nov 26, 2008 11:09am Nov 26, 2008 11:09am
Quoting GodfreyH
4hr 50 ema, daily 5-sma , 76 fib support. Currently on trendline.
Patience + Discipline - Greed = Success
  • #101,479
  • Nov 26, 2008 11:11am Nov 26, 2008 11:11am
Quoting Big Wave Rider
Actually 3, 4hr candles failed to break above a pivot, this drop was expected.
Really agree with that. Have been trying to short her all morning and finally timed it right! +210

I seldom let a trade go against more then -15 and if i get up at all i will close it at BE or take what profit i can and run looking for a better entry. I try to hold the winners until the candle pattern tells me to exit.

Risk Management and not looseing $$$$ is my main focus.

  • #101,480
  • Nov 26, 2008 11:13am Nov 26, 2008 11:13am
Down goes the dow.
Just Trade It
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