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Cable Update (GBPUSD)

  • #102,321
  • Nov 28, 2008 1:12pm Nov 28, 2008 1:12pm
I'm back.

Good work nav, glad to hear your collecting pips. I'm now going to do the same as you just get in trades and ride them with small lot size as well, I'm interested in the entries and trades rather than the money for now, once i can do that I will put some more money on.
please DON'T copy my trades I am still learning
  • #102,322
  • Nov 28, 2008 1:13pm Nov 28, 2008 1:13pm
Micho, your sword is not enough sharp to kill the bull. He is still alive !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #102,323
  • Nov 28, 2008 1:15pm Nov 28, 2008 1:15pm
Quoting manize
Micho, your sword is not enough sharp to kill the bull. He still alive !
lol, i will use a pistol next time or some machine gun
When life gives you lemons, make lemonade
  • #102,324
  • Nov 28, 2008 1:18pm Nov 28, 2008 1:18pm
Quoting micho
what is your account size and how much did you play?
Risk was 6% of account size when it should have been half of that. The amount of loss on its own was not a lot. it only seems worse because account has dropped by 60% in the last 2 weeks.
It really started to fall when I got suckered in to using poor mm again so its back to smaller lot sizes for me
  • #102,325
  • Nov 28, 2008 1:21pm Nov 28, 2008 1:21pm
Quoting Chris_35
Risk was 6% of account size when it should have been half of that. The amount of loss on its own was not a lot. it only seems worse because account has dropped by 60% in the last 2 weeks.
It really started to fall when I got suckered in to using poor mm again so its back to smaller lot sizes for me
sounds bad!
When life gives you lemons, make lemonade
  • #102,326
  • Nov 28, 2008 1:24pm Nov 28, 2008 1:24pm
Where do you rekon this will finish for the day? Where do you think it will open up?
Probability Professor
  • #102,327
  • Nov 28, 2008 1:24pm Nov 28, 2008 1:24pm
Quoting ezmystic
I'm back.

Good work nav, glad to hear your collecting pips. I'm now going to do the same as you just get in trades and ride them with small lot size as well, I'm interested in the entries and trades rather than the money for now, once i can do that I will put some more money on.

good idea bro..
  • #102,328
  • Nov 28, 2008 1:26pm Nov 28, 2008 1:26pm
Quoting Galation
Where do you rekon this will finish for the day? Where do you think it will open up?
i dunno probably back to 1.5370 where we were pivoting all day long
When life gives you lemons, make lemonade
  • #102,329
  • Edited 1:31pm Nov 28, 2008 1:30pm | Edited 1:31pm
So here we are again... 1.5395 where it all started today...

The volumes have dropped people have already started their weekends and I am still waiting for that elusive 61.8 @ 5411.

(This may come now but I don't like trading with such low volume. If it gets hit I believe we will open with big gap down)

No worries...

Enjoy your weekend everyone.

We have one exciting week ahead of us... Let's see

  • #102,330
  • Nov 28, 2008 1:38pm Nov 28, 2008 1:38pm
Quoting nAVIN2007
thanks guys....actually i took unpaid leave till 4th january

u guys gotta remeber im trading 0.01 lots .....not interested in anything but making descisions, good entery and sticking in trades..but yes, its definately better

gonna over this next week really try make good pips..i hope it works out
You keep at it nAV and you should have made enough to buy a Turkey


................................................For Easter
  • #102,331
  • Nov 28, 2008 1:38pm Nov 28, 2008 1:38pm
Im off now, only been spectating the last hours.

Have a great weekend everyone and get ready to short the crap out of this early next week!!
  • #102,332
  • Nov 28, 2008 1:39pm Nov 28, 2008 1:39pm
Quoting Chris_35
You keep at it nAV and you should have made enough to buy a Turkey


................................................For Easter
  • #102,333
  • Nov 28, 2008 1:43pm Nov 28, 2008 1:43pm
micho u sure u never shoot the bear instead... this is flying now
  • #102,334
  • Nov 28, 2008 1:47pm Nov 28, 2008 1:47pm
This baby is going north and will open a 200 pips GAP up when reopen next week
  • #102,335
  • Nov 28, 2008 2:06pm Nov 28, 2008 2:06pm
Quoting gagakrimba
This baby is going north and will open a 200 pips GAP up when reopen next week

IM SURE IT WILL GAP ABOVE THE HIGH....and form support..
  • #102,336
  • Nov 28, 2008 2:06pm Nov 28, 2008 2:06pm
Quoting PipLand
Im off now, only been spectating the last hours.

Have a great weekend everyone and get ready to short the crap out of this early next week!!
have a great weekend pal
  • #102,337
  • Nov 28, 2008 2:08pm Nov 28, 2008 2:08pm
Quoting nAVIN2007
micho u sure u never shoot the bear instead... this is flying now
lol haha i dunno next time i will make sure to have some glasses on :nerd:
When life gives you lemons, make lemonade
  • #102,338
  • Nov 28, 2008 2:13pm Nov 28, 2008 2:13pm
a wedge acting as a continuation pattern....current trend is up!...
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  • #102,339
  • Nov 28, 2008 2:15pm Nov 28, 2008 2:15pm
Quoting nAVIN2007
IM SURE IT WILL GAP ABOVE THE HIGH....and form support..

I know i do not post often here

the volume in the fx market last fews days has been very low

pros can only sell into strength or buy into weakness, my take is that even if there is a gap up it will be quickly filled. I believe that both gu and gj were destined to close on their highs. The pros want to push both pairs higher to sell them at bargain price for next leg down , that may start mid week next from what i am seeing in the indexes right now.

If the GU rallies from here I will be very surprised. If we were closing on the lows then I would agree with you guys as pros would be buying in weakness.

Do not forget most of the big moves in GU have been coming from the Dx ( dollar index) and this is driven during the US market hours. Most pros have been on vacation this week.
Blogging daily now at www.volume.zone
  • #102,340
  • Nov 28, 2008 2:15pm Nov 28, 2008 2:15pm
Why do you guys think it will gap up? Predicting gaps are eenie meenie miney moe kinda thing...
Patience + Discipline - Greed = Success
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