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Cable Update (GBPUSD)

  • #102,661
  • Dec 1, 2008 11:02am Dec 1, 2008 11:02am
Quoting spintrader
and the steelhead countertrend nonsense begins again....
I shall say what I said last time, good luck to you, sincerely!


What part of I havent taken a position just looking didnt you understand spintrader? Eohater is long you wanna go after him as well? Infinity is long you wanna go after him too?


Or is it just me that you wanna try and go after. Its a losing battle for you but be my guest.

Again what part of I havent taken a long position dont you understand?

Unbelievable how some folks can just read right past what is written.
  • #102,662
  • Dec 1, 2008 11:03am Dec 1, 2008 11:03am
Quoting eohater
Good job on your short!
Hey thanks buddy. It was smack on 1HR 62 EMA
  • #102,663
  • Dec 1, 2008 11:04am Dec 1, 2008 11:04am
Quoting Vourvoul
500+ pips...

I would call it a day if I were you. I'd probably call it a week actually...

Definitely calling it day! as to calling it a week, probably not
  • #102,664
  • Dec 1, 2008 11:05am Dec 1, 2008 11:05am
Quoting PipGal
I was short on cable from 1.5350. Looking for long now.
Me too, from 5358. Short gbp/jpy too from 146.16. Trading on the 4 hr chart from Friday. I wonder how much farther it can go once the BOE cuts rates 100 pts +?
  • #102,665
  • Dec 1, 2008 11:07am Dec 1, 2008 11:07am
What do people think the outcome to the Bernankespeach will be? What will happen to the USD against the majors?
Probability Professor
  • #102,666
  • Dec 1, 2008 11:09am Dec 1, 2008 11:09am
long stopped out...+2
Patience + Discipline - Greed = Success
  • #102,667
  • Dec 1, 2008 11:10am Dec 1, 2008 11:10am
Quoting coolhand
Me too, from 5358. Short gbp/jpy too from 146.16. Trading on the 4 hr chart from Friday. I wonder how much farther it can go once the BOE cuts rates 100 pts +?
very nice! I wouldn't time the low, i would take my pips and get out for now.
  • #102,668
  • Dec 1, 2008 11:14am Dec 1, 2008 11:14am
Quoting Infinity
long stopped out...+2
after how many pis in profit do u think about BE...or do u just wait for a few candles then do it...
  • #102,669
  • Dec 1, 2008 11:16am Dec 1, 2008 11:16am
Quoting PipGal
very nice! I wouldn't time the low, i would take my pips and get out for now.
I'm watching it like a hawk. Also watching the Dow which has gone flat. Any sign of a rebound and I'm out for the day.
  • #102,670
  • Dec 1, 2008 11:16am Dec 1, 2008 11:16am
Quoting nAVIN2007
after how many pis in profit do u think about BE...or do u just wait for a few candles then do it...
It depends.... if I am in countertrend like that last trade.. I do it as soon as possible, after 10 pips or so..

If I am going with the trend, I do it after about 30-50 pips..
Patience + Discipline - Greed = Success
  • #102,671
  • Dec 1, 2008 11:17am Dec 1, 2008 11:17am
Quoting PipGal
Definitely calling it day! as to calling it a week, probably not
good job.....
  • #102,672
  • Dec 1, 2008 11:19am Dec 1, 2008 11:19am
Quoting steelhead
Spare the bs navin you are not going to learn by asking people what they think the market is going to do. You learn by learning what it is going to do yourself.

We have talked about this many times teh mentality of coming in here to check what folks are doing to see what you will do. Its garbage trade what you see and what you know.

If you dont know anything learn it. Dont follow blindly someone else and expect to get the same results as them.

PS I am short at 1.5510 so i guess i am short bias at the time

Me and my silly countertrend stuff. I guess that sell at 1.5510 on the 25 of November was no good lol.
  • #102,673
  • Dec 1, 2008 11:19am Dec 1, 2008 11:19am
Quoting Infinity
It depends.... if I am in countertrend like that last trade.. I do it as soon as possible, after 10 pips or so..

If I am going with the trend, I do it after about 30-50 pips..
nice....i gotta try it out a bit more...especially with the trend..
  • #102,674
  • Dec 1, 2008 11:20am Dec 1, 2008 11:20am
I tried another long at 4810...
tight stop
Patience + Discipline - Greed = Success
  • #102,675
  • Dec 1, 2008 11:21am Dec 1, 2008 11:21am
Quoting steelhead
Me and my silly countertrend stuff. I guess that sell at 1.5510 on the 25 of November was no good lol.
It goes back to timeframes steelhead. Most here in the forum don't trade on larger time frames. Only immediate gratification.
Just digging in the trenches like everyone else!
  • #102,676
  • Dec 1, 2008 11:21am Dec 1, 2008 11:21am
Quoting nAVIN2007
nice....i gotta try it out a bit more...especially with the trend..
It is the best way!! no stress at all...
Patience + Discipline - Greed = Success
  • #102,677
  • Dec 1, 2008 11:21am Dec 1, 2008 11:21am
Quoting Infinity
I tried another long at 4810...
tight stop
I added at 4814 myself. SL is tight as well!
Just digging in the trenches like everyone else!
  • #102,678
  • Dec 1, 2008 11:22am Dec 1, 2008 11:22am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting Infinity
I tried another long at 4810...
tight stop
May I ask/see basis of the trade. I'm flat, and I agree a retrace is due, just trying to learn a lil something.
"Wishful thinking dies hard." Igor T.
  • #102,679
  • Dec 1, 2008 11:22am Dec 1, 2008 11:22am
Quoting steelhead
What part of I havent taken a position just looking didnt you understand spintrader? Eohater is long you wanna go after him as well? Infinity is long you wanna go after him too?


Or is it just me that you wanna try and go after. Its a losing battle for you but be my guest.

Again what part of I havent taken a long position dont you understand?

Unbelievable how some folks can just read right past what is written.
chillout steelhead. And I've been short since 5450, so I can assure you I won't be losing any battles.

As for my reading skills, they're very good thanks. I can easily pick up on the tone and inference of one's posts, especially when words like 'laughable' are used.

When you do decide to take a position, I wish you the best fortune as always!
  • #102,680
  • Dec 1, 2008 11:22am Dec 1, 2008 11:22am
Quoting Infinity
It is the best way!! no stress at all...
I agree to that!
Just digging in the trenches like everyone else!
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