I think we about to see a GBP rally, its about time. This is something that is way way overdue.
everything pointing down... just looking for signals
When life gives you lemons, make lemonade
Cable Update (GBPUSD)
- #103,201
- Dec 2, 2008 11:31am Dec 2, 2008 11:31am
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
everything pointing down... just looking for signals
- #103,202
- Dec 2, 2008 11:34am Dec 2, 2008 11:34am
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
yeah, and per pipland advice my SL now is at 1.4995. if it hit i need to go to sleep for sure. i'm using 1.0 in this mess.
I just couldnt see why your stop was at 497x when the next critical level is 4985. I try to place my stops above key levels, but everyone is diff
- #103,203
- Dec 2, 2008 11:37am Dec 2, 2008 11:37am
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
I think we gonna play around between 1.49-1.5000(20) for few hours and then continue down, but i will not enter untill i see confirmation of downward continuation. something like below would enter on the pullback after the break of 1.49.
something like this.
would enter on the pullback after the break of 1.49.something like this.
- #103,204
- Dec 2, 2008 11:38am Dec 2, 2008 11:38am
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
no signs of rallies as of now
everything pointing down... just looking for signals
I thought we just finished a long GU rally ?? Lasting from 13th Nov to 1st Dec????
- #103,205
- Dec 2, 2008 11:40am Dec 2, 2008 11:40am
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
I think we gonna play around between 1.49-1.5000(20) for few hours and then continue down, but i will not enter untill i see confirmation of downward continuation. something like below
something like this.
Thats what im hoping for
- #103,206
- Dec 2, 2008 11:43am Dec 2, 2008 11:43am
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
I thought we just finished a long GU rally ?? Lasting from 13th Nov to 1st Dec????
When life gives you lemons, make lemonade
- #103,207
- Dec 2, 2008 11:44am Dec 2, 2008 11:44am
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
I think we gonna play around between 1.49-1.5000(20) for few hours and then continue down, but i will not enter untill i see confirmation of downward continuation. something like below
something like this.
When life gives you lemons, make lemonade
- #103,209
- Dec 2, 2008 11:45am Dec 2, 2008 11:45am
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
When life gives you lemons, make lemonade
- #103,210
- Dec 2, 2008 11:48am Dec 2, 2008 11:48am
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
right hand shoulder is looking promising 
- #103,212
- Dec 2, 2008 11:51am Dec 2, 2008 11:51am
Please dont change your stops from my advice, everyone has their own level of risk on their account that they are willing to take.
I just couldnt see why your stop was at 497x when the next critical level is 4985. I try to place my stops above key levels, but everyone is diff
- #103,213
- Dec 2, 2008 11:53am Dec 2, 2008 11:53am
When I took out my last short I had 1.4800 as my target and it still is. I have kept my shorts open (though I nearly got arrested for it
) and am still expecting to re-visit yesterdays lows. Anyone with me
) and am still expecting to re-visit yesterdays lows. Anyone with me
- #103,214
- Dec 2, 2008 11:54am Dec 2, 2008 11:54am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #103,215
- Dec 2, 2008 11:55am Dec 2, 2008 11:55am
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
so if i didnt changed it surely i will be out now. i managed to get a little nap and once my eyes are opened back i'm happy at what i saw.
- #103,216
- Dec 2, 2008 11:55am Dec 2, 2008 11:55am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
- #103,217
- Dec 2, 2008 11:56am Dec 2, 2008 11:56am
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
When life gives you lemons, make lemonade
- #103,218
- Dec 2, 2008 11:57am Dec 2, 2008 11:57am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
i have to hand it to this currency this week it really is finishing me off!!
- #103,219
- Dec 2, 2008 11:58am Dec 2, 2008 11:58am
Yes, that is how i saw it if you didnt change it you stood little chance. BUt on the other hand I wouldnt like to be responsible for you losing more pips than you orignally planned for, but im very pleased it has all worked out well
