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Cable Update (GBPUSD)

  • #104,361
  • Dec 4, 2008 10:54am Dec 4, 2008 10:54am
A retrace of 50++ pips is normal after a sharp upward or downward movement.
  • #104,362
  • Dec 4, 2008 10:54am Dec 4, 2008 10:54am
i closed out all positions....left with £6 profit from when i open account up!....damnit

oh well..
  • #104,363
  • Dec 4, 2008 10:55am Dec 4, 2008 10:55am
Quoting mpurdy1973
np, i am one a few americans left that thinks you should take responsibility for your own actions

however, under the current USA conditions - if it goes bad... maybe i should try to get a bailout from taxpayers money
That's great shit!
Just digging in the trenches like everyone else!
  • #104,364
  • Dec 4, 2008 10:59am Dec 4, 2008 10:59am
Quoting steelhead
Dont go long here. Dont do it.
surprised that u werent calling longs... especially on the close of the 4hour
Trading is 80% Emotional, 20% Technical
  • #104,365
  • Dec 4, 2008 11:00am Dec 4, 2008 11:00am
Quoting mpurdy1973
the market chanels between 0000-0600 Zulu time, then breaks the chanel... see attachement for details
Pardon my ignorance as they said at rourke's drift - but what is zulu time ?
I didnt see em wearing watches in the film about Isandalwana
  • #104,366
  • Dec 4, 2008 11:03am Dec 4, 2008 11:03am
hopefully this should start coming down now. Should be good if we break 14770 ish level
PIPPED TO THE LINE
  • #104,367
  • Dec 4, 2008 11:04am Dec 4, 2008 11:04am
Quoting eohater
That was a nice ride wasn't bro! I'm already in on the short at 4800 off the 62ema. I did enter early, but I could afford to with the bonus round I'm playing in today.

also went short at 1.4801 ) just out of curiosity what level are you targeting? i was thinking 1.4720 and then see what story it tells.
  • #104,368
  • Dec 4, 2008 11:06am Dec 4, 2008 11:06am
Quoting lexazver
also went short at 1.4801 ) just out of curiosity what level are you targeting? i was thinking 1.4720 and then see what story it tells.
If I was to pick a target and walk away it would be 4740, but I won't be doing that. I'll get out when she tells me to get off her back. She hasn't told me yet. My SL is at 4820. I would not go long here, but I will go short. I'll take the loss, but not risk the long and the possiblity of the loss there.
Just digging in the trenches like everyone else!
  • #104,369
  • Dec 4, 2008 11:07am Dec 4, 2008 11:07am
Quoting nAVIN2007
i closed out all positions....left with £6 profit from when i open account up!....damnit

oh well..
Navin dont sweat it, its all good practice, one day it will all come together for you.
  • #104,370
  • Dec 4, 2008 11:09am Dec 4, 2008 11:09am
retrace you stupid bastard!
  • #104,371
  • Dec 4, 2008 11:10am Dec 4, 2008 11:10am
Quoting nAVIN2007
i closed out all positions....left with £6 profit from when i open account up!....damnit

oh well..

well at least you're still up Navin,

you gave your time, but you learned a few moves not to make, make sure you write them down for later.

i try to remember to check my mistakes book every day, tho' i'm finding that the more it hurts, the better i learn it.

why not take a break & work on your plan.
  • #104,372
  • Dec 4, 2008 11:13am Dec 4, 2008 11:13am
Quoting hilmy83
retrace you stupid bastard!
yeah, what seems to be the hold-up here...?
  • #104,373
  • Dec 4, 2008 11:13am Dec 4, 2008 11:13am
Quoting allserene
Pardon my ignorance as they said at rourke's drift - but what is zulu time ?
I didnt see em wearing watches in the film about Isandalwana

sorry ZULU is a USA millary term for GMT :-)

e.g. 1712 ZULU time (seventeen hundred twelve hours zulu time) = 5:12 pm GMT
  • #104,374
  • Dec 4, 2008 11:14am Dec 4, 2008 11:14am
Quoting PipLand
Navin dont sweat it, its all good practice, one day it will all come together for you.
i wont hold my breath..
  • #104,375
  • Dec 4, 2008 11:14am Dec 4, 2008 11:14am
Quoting eohater
If I was to pick a target and walk away it would be 4740, but I won't be doing that. I'll get out when she tells me to get off her back. She hasn't told me yet. My SL is at 4820. I would not go long here, but I will go short. I'll take the loss, but not risk the long and the possiblity of the loss there.
If I were to get into a position here, it would be short as well.........
  • #104,376
  • Dec 4, 2008 11:15am Dec 4, 2008 11:15am
Hehe. It did just retrace almost all of 38% of the Fall from 28Nov high to here. Another good reason to turn from here or hit hoverland before retracing further up 2moro.

Quoting hilmy83
retrace you stupid bastard!
Ride the Bulls bearback!
  • #104,377
  • Dec 4, 2008 11:15am Dec 4, 2008 11:15am
Quoting Beeps
well at least you're still up Navin,

you gave your time, but you learned a few moves not to make, make sure you write them down for later.

i try to remember to check my mistakes book every day, tho' i'm finding that the more it hurts, the better i learn it.

why not take a break & work on your plan.
My brother Turtle and I were talking about this last night. I agree, everyone should check their trades and what went wrong after the dust has settled. Emotions can get in the way when you just lost money and you try and figure out the mistake and look for a new entry at the same time. Losses happen and they suck, but it's inevitable. We all loose money, we just need to control our losses and let our winners run.

Trade well everyone!
Just digging in the trenches like everyone else!
  • #104,378
  • Dec 4, 2008 11:16am Dec 4, 2008 11:16am
I am also short at 1.4804 and targeting 1.4750 however it seems like this thing has just stopped. I know it is lunch time here in the US but it has never been this slow.

I am getting worried since this guy has taken such a breather.
  • #104,379
  • Dec 4, 2008 11:17am Dec 4, 2008 11:17am
Quoting nAVIN2007
i wont hold my breath..
Navin, I went through a world of pain learning this stuff, buying tops and selling bottoms, I just couldnt help myself

I lost count how many times before i gave up and then came back to it.

But if you stick at it you will get there in the end! 100% sure
  • #104,380
  • Dec 4, 2008 11:21am Dec 4, 2008 11:21am
ugly cursed day!!
When life gives you lemons, make lemonade
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