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Cable Update (GBPUSD)

  • #105,341
  • Dec 9, 2008 1:10am Dec 9, 2008 1:10am
Quoting gagakrimba
It's slowly coming down sherm.
It's already 100 pip down since opening.
The next 4 hr candle will confirm it
Yep its coming down ....but in a range for me to pull the trigger....I only like to come in when I feel my probabilties of winning are preety high
  • #105,342
  • Dec 9, 2008 1:22am Dec 9, 2008 1:22am
yes sherm. that's what I'm doing now. look for opportunity. my target for one month just 20k. just looking for one fine day in a month is good enough
  • #105,343
  • Dec 9, 2008 1:24am Dec 9, 2008 1:24am
Quoting Myman
yes sherm. that's what I'm doing now. look for opportunity. my target for one month just 20k. just looking for one fine day in a month is good enough

Just 20k? Good luck! I'll be happy with 10!
  • #105,344
  • Dec 9, 2008 1:26am Dec 9, 2008 1:26am
Quoting Myman
yes sherm. that's what I'm doing now. look for opportunity. my target for one month just 20k. just looking for one fine day in a month is good enough
Lol relax....dont donate money into people accounts...trade when the stakes are high....and always look for reasons to mimnimize your risk once in a trade....your losses are more improtant then your winners.
  • #105,345
  • Dec 9, 2008 1:26am Dec 9, 2008 1:26am
monster ...it depends on how many lot do u have?
  • #105,346
  • Dec 9, 2008 1:28am Dec 9, 2008 1:28am
Quoting Myman
monster ...it depends on how many lot do u have?
The size lot you use is determine by the amount of pips your willing to risk....
Never loose more then 3 percent of your account in any trade....

if your stop is 2000 pips you should only loose 3 percent of your account....
If your stop is 10 pips you should still loose 3 percent of your account...
  • #105,347
  • Dec 9, 2008 1:49am Dec 9, 2008 1:49am
Hi all, how about cable next ? i thinks it's sideway sell...
  • #105,348
  • Dec 9, 2008 1:50am Dec 9, 2008 1:50am
everyone's waiting for the news...
  • #105,349
  • Dec 9, 2008 1:55am Dec 9, 2008 1:55am
If you guys are intrested...

I am taking a long in eurusd at price 1.2892


treating mostly like a scalp...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 22 KB
  • #105,350
  • Dec 9, 2008 1:59am Dec 9, 2008 1:59am
Quoting Shermenator
If you guys are intrested...

I am taking a long in eurusd at price 1.2892


treating mostly like a scalp...
Using Stop Buy? sorry i'm anoob.
  • #105,351
  • Dec 9, 2008 2:04am Dec 9, 2008 2:04am
Quoting biax
Using Stop Buy? sorry i'm anoob.

The reason I use stops is because the price I put them are key price in that I believe other orders are in as well as thats a point the market has changed enough for me to believe its worth going in
  • #105,352
  • Dec 9, 2008 2:08am Dec 9, 2008 2:08am
Quoting Shermenator
The reason I use stops is because the price I put them are key price in that I believe other orders are in as well as thats a point the market has changed enough for me to believe its worth going in
I follow you, hope it will profitable , thanks for sharing...
  • #105,353
  • Dec 9, 2008 2:13am Dec 9, 2008 2:13am
Quoting Shermenator
If you guys are intrested...

I am taking a long in eurusd at price 1.2892


treating mostly like a scalp...

Attachment
it's a Head & Shoulder top to me...be careful
~*~You are only one trade away from humility~*~
  • #105,354
  • Dec 9, 2008 2:16am Dec 9, 2008 2:16am
Euro also looks more likely to go down to me, be careful.

We have tested the triangle and now below the 5PM EST daily pivot.

Anyway this is a cable forum, so lets get back to that.
If it's too good to be true, it probably is.
  • #105,355
  • Dec 9, 2008 2:20am Dec 9, 2008 2:20am
quiet market, can not surf now
Give me patience
  • #105,356
  • Dec 9, 2008 2:21am Dec 9, 2008 2:21am
At 4:30 a.m. we will have UK Industrial Production m/m which is expected to come out at -0.5. If the spread is low, this might be tradable if it deviates by -0.5 so it if comes out at -1.0 or more negative, GBP/USD may go down by 30 pips. If it comes out at 0 or positive, GBP/USD may go up by 30 pips or so. Keep in mind that there is also the trade balance coming out so there is always a possibility for a conflict. Also, exit quickly, especially if the number is bad.
  • #105,357
  • Dec 9, 2008 2:21am Dec 9, 2008 2:21am
Cancell my buy stop the market kept on shifting down ignoring the pin...momentum was not strong to pull me in...thats why I always use stop orders....because the market has to prove to me its going my way to pull me in.
  • #105,358
  • Dec 9, 2008 2:23am Dec 9, 2008 2:23am
Quoting SimonK
Euro also looks more likely to go down to me, be careful.

We have tested the triangle and now below the 5PM EST daily pivot.

Anyway this is a cable forum, so lets get back to that.
No problem, G/U and E/U are correlative.
Give me patience
  • #105,359
  • Dec 9, 2008 2:25am Dec 9, 2008 2:25am
We have very tough resistance on cable and euro.

I scalped 50 pips on euro short but sitting on the sidelines now.
If it's too good to be true, it probably is.
  • #105,360
  • Dec 9, 2008 2:26am Dec 9, 2008 2:26am
Modified Schiff Fork depicts the bears are in control of GU. This downward sloping fork has already been 'tested' twice'.
~*~You are only one trade away from humility~*~
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