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Cable Update (GBPUSD)

  • #102,941
  • Dec 2, 2008 5:24am Dec 2, 2008 5:24am
Quoting Chris_35
Just pulled up a footsie chart. What do you have as Res on yours?
4053 next resistance at 4123
  • #102,942
  • Dec 2, 2008 5:28am Dec 2, 2008 5:28am
i dont know i feel stressed these 2 days!! i wanna withdraw some profits to feel better this time just 430 pips
When life gives you lemons, make lemonade
  • #102,943
  • Dec 2, 2008 5:29am Dec 2, 2008 5:29am
Quoting mohfaid
Dears

I will but a PO buy at 1.4710 with a SL at 1.4690 ,,,,what is your openion??

Micho

why 1.473X why not 1.4710 or even 1.4700 ,,i see that this the huge support now,, if we clear this 1.4700 we will viit 1.45 very soon man,,,what is your openion?
ok target for the daily is 1.4718, not 1.473x but dont take it to the pip... take it +/- 10 cause its a huge trend
When life gives you lemons, make lemonade
  • #102,944
  • Dec 2, 2008 5:29am Dec 2, 2008 5:29am
Quoting nAVIN2007
lets sit on her man! .....weekly low is taken out and 4hr full bodied sell..it better go down..
Hey Navin,
Yeah man great to see ya... It iS Hard though bro' to sit on this baby...
'UP 40 pips, and yet more to go... on the horizon is the question!
"Where to take Profits"... is Tough!
Chat w/you more,
Terrapin Pipper,

Jeff !
I will work to Objectively Identify my Edges
  • #102,945
  • Dec 2, 2008 5:32am Dec 2, 2008 5:32am
Quoting PipLand
4053 next resistance at 4123
  • #102,946
  • Dec 2, 2008 5:34am Dec 2, 2008 5:34am
Quoting TerpFan2
Hey Navin,
Yeah man great to see ya... It iS Hard though bro' to sit on this baby...
'UP 40 pips, and yet more to go... on the horizon is the question!
"Where to take Profits"... is Tough!
Chat w/you more,
Terrapin Pipper,

Jeff !
yes yes absolutely thats the hard thing about trading....market will always try and make u second guess yourself, i guess its about being in place where the market cant have this effect on u..which means either we lacking confidence or knowledge or perhaps both....practice, practice and patrice till account blown..
  • #102,947
  • Dec 2, 2008 5:35am Dec 2, 2008 5:35am
I took a short on this last dip @ 4835 .. SL +1 PA looks to take me out but maybe get a break.
USD Est Non Mortuus
  • #102,948
  • Dec 2, 2008 5:38am Dec 2, 2008 5:38am
Quoting LuckyLurker
I took a short on this last dip @ 4835 .. SL +1 PA looks to take me out but maybe get a break.
the lurker back in action
When life gives you lemons, make lemonade
  • #102,949
  • Dec 2, 2008 5:38am Dec 2, 2008 5:38am
Quoting nAVIN2007
yes yes absolutely thats the hard thing about trading....market will always try and make u second guess yourself, i guess its about being in place where the market cant have this effect on u..which means either we lacking confidence or knowledge or perhaps both....practice, practice and patrice till account blown..
I love the way you always look on the bright side of life (trading ) nAV
  • #102,950
  • Dec 2, 2008 5:39am Dec 2, 2008 5:39am
Quoting micho
ok target for the daily is 1.4718, not 1.473x but dont take it to the pip... take it +/- 10 cause its a huge trend
What the heck Micho, why not... let's just say 1.4698 for last week's
low... break that and let's go for the prior week of 1.4556 !!!

That's a bit more conservative then the call's of "Pounds going to hell,
in a hand basket" And... "'GBP Screwed up should be @1.2700" !
I sure would like to be the position trader on that!
Ahh... To take my daughter to school in an hr w/a TTO order, -or
Keep freaking on when / if this baby's gonna fall.

Terrapin Pipper,

Jeff Out!
I will work to Objectively Identify my Edges
  • #102,951
  • Dec 2, 2008 5:39am Dec 2, 2008 5:39am
Quoting micho
the lurker back in action
ben a slow week so far haha.. missed most of that yesterday.. gah.. to much turkey i guess.. and now being taken out BE most likely .. yay!
USD Est Non Mortuus
  • #102,952
  • Dec 2, 2008 5:41am Dec 2, 2008 5:41am
Quoting Chris_35
[/color]
I love the way you always look on the bright side of life (trading ) nAV
gotta bro otherwise might turn into a serial killer
  • #102,953
  • Dec 2, 2008 5:43am Dec 2, 2008 5:43am
going to look at short again at the next step.
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  • #102,954
  • Dec 2, 2008 5:44am Dec 2, 2008 5:44am
Quoting LuckyLurker
ben a slow week so far haha.. missed most of that yesterday.. gah.. to much turkey i guess.. and now being taken out BE most likely .. yay!
me too, im chickening but testing the strategy pretty well...
When life gives you lemons, make lemonade
  • #102,955
  • Dec 2, 2008 5:45am Dec 2, 2008 5:45am
Quoting LuckyLurker
I took a short on this last dip @ 4835 .. SL +1 PA looks to take me out but maybe get a break.
It's heading that way... I am looking for a short at 4837 @ 38.2 and the 21ema 15M
  • #102,956
  • Dec 2, 2008 5:46am Dec 2, 2008 5:46am
Quoting Chris_35
closed my footsie long and cable long now
  • #102,957
  • Dec 2, 2008 5:46am Dec 2, 2008 5:46am
this is the area and the period where most of the bears start losing confidence and panic-ing and start taking profit not realizing that the daily target is yet intact... however possible retracement now since many of the bears are taking profit... and hopefully we will get another rally down to 1.471x this time
When life gives you lemons, make lemonade
  • #102,958
  • Dec 2, 2008 5:50am Dec 2, 2008 5:50am
i shorted on the bottom again..
and now im getting worried cause im actually confindent it will go down..

and we all know what happen when i get confident..all i can say is i hope moe is short...
  • #102,959
  • Dec 2, 2008 5:50am Dec 2, 2008 5:50am
Quoting micho
this is the area and the period where most of the bears start losing confidence and panic-ing and start taking profit not realizing that the daily target is yet intact... however possible retracement now since many of the bears are taking profit... and hopefully we will get another rally down to 1.471x this time
yep again footsie is at critical level this time a fib, i dont expect it to break and if it doesnt then I will be short cable
  • #102,960
  • Dec 2, 2008 5:53am Dec 2, 2008 5:53am
Quoting nAVIN2007
yes yes absolutely thats the hard thing about trading....market will always try and make u second guess yourself, i guess its about being in place where the market cant have this effect on u..which means either we lacking confidence or knowledge or perhaps both....practice, practice and patrice till account blown..
I can just second guess IT! (The Market)... Yeah you're right,
Then it's myself.
I guess it depends on the style trader you are on when
to take your profits, and the time you have to sit here ea. day.
Props to that other guy sitting on the weekly down trend, up
a few hundred pips on GU AND GBP/JPY!

Practice, Practice, Practice on the little gains we get,
-ehh Navin, and our account increases.
-I've blown it up enough times in the past. No more of that!
-We'll build it up a little at a time.
Terrapin Pipper,

Jeff...
I will work to Objectively Identify my Edges
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