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Cable Update (GBPUSD)

  • #102,381
  • Nov 29, 2008 1:41pm Nov 29, 2008 1:41pm
Quoting micho
lets just call them double top
You got it right, that the solution. DOUBLE TOP
  • #102,382
  • Nov 29, 2008 1:43pm Nov 29, 2008 1:43pm
Quoting mphpopular
You got it right, that the solution. DOUBLE TOP
maybe next week we get a triple top and down because the bulls are not dead yet
When life gives you lemons, make lemonade
  • #102,383
  • Nov 29, 2008 2:27pm Nov 29, 2008 2:27pm
Hi All

Navin uses an indicator in his charts that shows the time to close of the current candle. Navin / Anybody can you possibly help me set this up in MT4?

Appreciate your help. Many thanks
  • #102,384
  • Nov 29, 2008 2:29pm Nov 29, 2008 2:29pm
Price has been stuck in a tight consecutive range from this bar forward(Pointed with arrows). My trades are going to be a breakout from this bar either way- buy and sell orders are both in place and just waiting to be triggered. I think that once this breaks, we will see a large move in either direction.
Attached Image (click to enlarge)
Click to Enlarge Name: stuck price.gif Size: 17 KB
I dream, therefore I become.
  • #102,385
  • Nov 29, 2008 2:37pm Nov 29, 2008 2:37pm
yo mike

long time no see!! how you doin

if anybody has a sell now with target 1.473x set your stop loss around 1.5615 cause 1.5605 is first target of this current uptrend... 1.5600 strong resistance but in case we reached there we will most likely touch the target before going back down
When life gives you lemons, make lemonade
  • #102,386
  • Nov 29, 2008 5:34pm Nov 29, 2008 5:34pm
Inserted Video



interesting video
  • #102,387
  • Nov 29, 2008 5:59pm Nov 29, 2008 5:59pm
Quoting micho
yo mike

long time no see!! how you doin

if anybody has a sell now with target 1.473x set your stop loss around 1.5615 cause 1.5605 is first target of this current uptrend... 1.5600 strong resistance but in case we reached there we will most likely touch the target before going back down
hey Micho do you think it will go that far up before coming down?cos i have some shorts in place which cud wipe my account if it goes that much up
  • #102,388
  • Nov 29, 2008 6:10pm Nov 29, 2008 6:10pm
i think its just as mike say....look for a breakout at the extremes..i rather it went up and we got a rejection wards the high then id be very happy.....
  • #102,389
  • Nov 29, 2008 6:11pm Nov 29, 2008 6:11pm
Quoting determined
hey Micho do you think it will go that far up before coming down?cos i have some shorts in place which cud wipe my account if it goes that much up
hello determined
where is your position and what is your target? and how many lots you got in the trade? and what is your account size?
When life gives you lemons, make lemonade
  • #102,390
  • Nov 29, 2008 6:11pm Nov 29, 2008 6:11pm
Quoting determined
hey Micho do you think it will go that far up before coming down?cos i have some shorts in place which cud wipe my account if it goes that much up

how many pips are u down?
  • #102,391
  • Nov 29, 2008 6:11pm Nov 29, 2008 6:11pm
Quoting micho
hello determined
where is your position and what is your target? and how many lots you got in the trade? and what is your account size?
u reading my mind again
  • #102,392
  • Nov 29, 2008 6:15pm Nov 29, 2008 6:15pm
Quoting nAVIN2007
i think its just as mike say....look for a breakout at the extremes..i rather it went up and we got a rejection wards the high then id be very happy.....
i wouldn't like to go long if we break 1.5535 because i might get ugly you know... you have 1.56 resistance and 1.5605 first target... its not gonna be an easy ride upwards... going short at 1.4981 with first target at 1.473x is not gonna be with good RR because your stop loss is almost equal or bigger than the profit...
anyway, these daily trades require big accounts... my account doesnt allow me to go into that now, maybe in the future if my account gets bigger and i didnt withdraw the money i can start to play the dailies and weeklies
When life gives you lemons, make lemonade
  • #102,393
  • Nov 29, 2008 6:16pm Nov 29, 2008 6:16pm
Quoting nAVIN2007
u reading my mind again
what happened in the case of your neighbors?? any news?
When life gives you lemons, make lemonade
  • #102,394
  • Nov 29, 2008 6:41pm Nov 29, 2008 6:41pm
Quoting nAVIN2007
how many pips are u down?
actually i am 6pips up with my broker closing at 1.5402 with 1lot on 689dollars,i know it sounds ridiculous but i wasnt just there to close it b4 my broker closed out for the week and i just saw the rates on a site somewhere around 1.5383 which meant the market actually closed while i was 30pips up.
  • #102,395
  • Nov 29, 2008 6:53pm Nov 29, 2008 6:53pm
Interesting little reads -

http://www.dailyfx.com/story/currenc...720806866.html
Probability Professor
  • #102,396
  • Nov 29, 2008 6:55pm Nov 29, 2008 6:55pm
Read this as well - http://www.dailyfx.com/story/currenc...918915517.html
Probability Professor
  • #102,397
  • Nov 29, 2008 7:11pm Nov 29, 2008 7:11pm
Quoting determined
hey Micho do you think it will go that far up before coming down?cos i have some shorts in place which cud wipe my account if it goes that much up
If your that uncertain about your trade, you shouldn't be in it. The markets always sway up and down. It's almost rhythmic if you allow it to be, but if your overleveraged like you said you are, it's a heart attack. That's a beat nobody wants to hear.

Rethink your trade and decide if you would open one RIGHT NOW and hold on to it. If not, then why are you in one? Just something for you to think about my man. I'm hoping the best for you and that you make some good decisions regarding your account.
I dream, therefore I become.
  • #102,398
  • Nov 29, 2008 7:17pm Nov 29, 2008 7:17pm
In case anyone is interested in the outcome of the OPEC meeting this weekend:

http://www.bloomberg.com/apps/news?p...PKo&refer=home
Just digging in the trenches like everyone else!
  • #102,399
  • Nov 29, 2008 7:28pm Nov 29, 2008 7:28pm
there is no new cut from opec....

i think cable will move down but it may touch some point... we may test 1.55xx again then heading down...
  • #102,400
  • Nov 29, 2008 7:43pm Nov 29, 2008 7:43pm
Quoting mike w
If your that uncertain about your trade, you shouldn't be in it. The markets always sway up and down. It's almost rhythmic if you allow it to be, but if your overleveraged like you said you are, it's a heart attack. That's a beat nobody wants to hear.

Rethink your trade and decide if you would open one RIGHT NOW and hold on to it. If not, then why are you in one? Just something for you to think about my man. I'm hoping the best for you and that you make some good decisions regarding your account.
thanks man,its just that sometimes i get itchy fingers.
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