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Cable Update (GBPUSD)

  • #105,321
  • Dec 8, 2008 7:33pm Dec 8, 2008 7:33pm
Another tourney . I am really bored

Damn im good looking though lol
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  • #105,322
  • Dec 8, 2008 7:35pm Dec 8, 2008 7:35pm
Quoting biax
yeah, thank for guide me, i will follow, this thread from now.
Quoting steelhead
Do yourself a favor dont follow this thread. Learn to trade on your own study charts. If you follow this forum you will most likely become a casualty.

Learn it for yourself.
I agree. Educate yourself and trade a system that suits your personality and emotions. Don't follow trade calls blindly. Wait for YOUR setup and trade what YOU see. It is your money and you are responsible for it.
Patience + Discipline - Greed = Success
  • #105,323
  • Dec 8, 2008 7:36pm Dec 8, 2008 7:36pm
Quoting Shermenator
Whats up guys
I think she is on the way down bro
  • #105,324
  • Dec 8, 2008 7:37pm Dec 8, 2008 7:37pm
Quoting biax
yeah, thank for guide me, i will follow, this thread from now.
Just for informed, I start learn FOREX within 1 year as well, and at least never got pain by margin call and within the last 2 months I can blow my account twice (200 %) because I always stay here !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #105,325
  • Dec 8, 2008 7:39pm Dec 8, 2008 7:39pm
Quoting manize
Just for informed, I start learn FOREX within 1 year as well, and at least never got pain by margin call and within the last 2 months I can blow my account twice (200 %) because I always stay here !

Point made. This forum is good for messing around, but when you want to trade get away from it it will cloud your judgement
  • #105,326
  • Dec 8, 2008 7:43pm Dec 8, 2008 7:43pm
Quoting steelhead
I see no where in this chart where trades on this pair should have been taken at all this week. Can someone explain to me why it is so damn hard to be patient.

There are a very small few that can trade this thing with action this week. Even then I think although they are good traders they are still crazy to me.

Look at that one hour chart folks no reason until atleast those two lines are tested that you should even consider taking a trade.

Some of you make this so much harder then you have too.
hey , the bottom line that you put on your graph did you choose this level because price rallied from there earlier today or ?because it was resistance level from previous days and now turned support (1.4755)
  • #105,327
  • Dec 8, 2008 7:45pm Dec 8, 2008 7:45pm
hoho, i'm confuse now, i will follow my cart...
  • #105,328
  • Dec 8, 2008 7:50pm Dec 8, 2008 7:50pm
Quoting lexazver
hey , the bottom line that you put on your graph did you choose this level because price rallied from there earlier today or ?because it was resistance level from previous days and now turned support (1.4755)

yes to all of that
  • #105,329
  • Dec 8, 2008 8:06pm Dec 8, 2008 8:06pm
Quoting gagakrimba
I think she is on the way down bro
Looking a bitt sideways my friend...no clear direction ...the market is moving in a range...we got long wicks on both sides showing no direction....I am staying a bitt aside for now...looking more towards the eurusd tonight...

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  • #105,330
  • Dec 8, 2008 9:12pm Dec 8, 2008 9:12pm
no direction .?.?!?..


this just in: Crises averted. target is 5373. I'm going to bed now.
USD Est Non Mortuus
  • #105,331
  • Dec 8, 2008 10:11pm Dec 8, 2008 10:11pm
Yep this pair looks crappy tonight....I will focuse on the eurusd thread tonight lol...see you guys later
  • #105,332
  • Dec 9, 2008 12:41am Dec 9, 2008 12:41am
Quoting steelhead
My g/u analysis for the week. Sells at break of three top lines buys break below lower line

Goodbye
Quoting steelhead
I see no where in this chart where trades on this pair should have been taken at all this week. Can someone explain to me why it is so damn hard to be patient.

There are a very small few that can trade this thing with action this week. Even then I think although they are good traders they are still crazy to me.

Look at that one hour chart folks no reason until atleast those two lines are tested that you should even consider taking a trade.
I admire your discipline seeing how I'm tempted to take the long at 4750. Still have half a trade short from 4970 so we'll see how this goes when price hits either.
I need to put up stop losses.
  • #105,333
  • Dec 9, 2008 12:46am Dec 9, 2008 12:46am
Quoting Infinity
Head of Steel,

Just a question for you about your system. I see the logic behind it but how do you manage your risk, i.e. how do you determine stops? I ask you this because if you applied the same technique when 1.9342 was taken out earlier this year, you would have taken a big hit unless you had a reasonable stop in place. The same could be said about other support/resistance areas when they were taken out so I am just curious to know how you ascertain your stops. Also how long do you normally hold a trade?
Thank you for this Infinity, I had been wondering how to resolve this without getting stopped out too early or missing out on a trade. Now to see if I can work anything off your example. Much appreciated!
I need to put up stop losses.
  • #105,334
  • Dec 9, 2008 12:51am Dec 9, 2008 12:51am
Gmorning everyone
  • #105,335
  • Dec 9, 2008 12:57am Dec 9, 2008 12:57am
Quoting monster
Gmorning everyone
Whats up man
  • #105,336
  • Dec 9, 2008 1:03am Dec 9, 2008 1:03am
hi sherm ...
any good signal fo cable?. newbie
  • #105,337
  • Dec 9, 2008 1:05am Dec 9, 2008 1:05am
Quoting azwananuar
hi sherm ...
any good signal fo cable?. newbie
Nope...dont trade right now...its a bitt rangy ....only trade when theirs a clear direction .....this pair is even rangy in the 4 hour chart already so step aside and watch...
  • #105,338
  • Dec 9, 2008 1:08am Dec 9, 2008 1:08am
Quoting Shermenator
Nope...dont trade right now...its a bitt rangy ....only trade when theirs a clear direction .....this pair is even rangy in the 4 hour chart already so step aside and watch...
It's slowly coming down sherm.
It's already 100 pip down since opening.
The next 4 hr candle will confirm it
  • #105,339
  • Dec 9, 2008 1:09am Dec 9, 2008 1:09am
Quoting Shermenator
Whats up man
nm bro....another day, another pip
  • #105,340
  • Dec 9, 2008 1:10am Dec 9, 2008 1:10am
tq sherm.. do u have any ym sothat we can chat?
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