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Cable Update (GBPUSD)

  • #105,841
  • Dec 10, 2008 7:55pm Dec 10, 2008 7:55pm
why follow fundamental?
Attached Image
  • #105,842
  • Dec 10, 2008 7:59pm Dec 10, 2008 7:59pm
Quoting Bullfx
Right, it's good indicator
But I really think that EUR will be equal to USD and GU will be 1.2 in coming time.

wouldnt it be cool if EUR=USD=GBP=CAD we could have single world currency Amero Sterling ( or Eumericad Sterling) or something.
  • #105,843
  • Dec 10, 2008 8:01pm Dec 10, 2008 8:01pm
All I see its a rnage with no entry direction untill we break out....
  • #105,844
  • Dec 10, 2008 8:04pm Dec 10, 2008 8:04pm
Quoting Bullfx
Right, it's good indicator
But I really think that EUR will be equal to USD and GU will be 1.2 in coming time.
honestly though everyone was talking about pound to dollar at 2.5 in the coming year when pound was near 2.1 and that euro could reach unseen heights against the dollar ( was 1.5xx at the time) and then what happened. see how pound was over 4000 pips away from 2.5 when all these predictions started and latest low for the pound was 4600 pips away from 1.0000 , you see what i found - a holy grail
  • #105,845
  • Dec 10, 2008 8:06pm Dec 10, 2008 8:06pm
Quoting lexazver
honestly though everyone was talking about pound to dollar at 2.5 in the coming year when pound was near 2.1 and that euro could reach unseen heights against the dollar ( was 1.5xx at the time) and then what happened. see how pound was slightly over 4000 pips away from 2.5 when all these predictions started and latest low for the pound was 4600 pips away from 1.0000 , you see what i found - a holy grail


Damm your signature is sick!!!! lol

Completly agree
  • #105,846
  • Dec 10, 2008 8:24pm Dec 10, 2008 8:24pm
Close my long entered @ 1.4785 for a +75 pips
To enter again below 1.4800
  • #105,847
  • Dec 10, 2008 8:27pm Dec 10, 2008 8:27pm
Waiting for either my buy stop or sell stop to get triggered....many orders are waiting at those spots already...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 23 KB
  • #105,848
  • Dec 10, 2008 8:30pm Dec 10, 2008 8:30pm
Quoting Shermenator
Waiting for either my buy stop or sell stop to get triggered....many orders are waiting at those spots already...

Attachment
Would you mind telling where are your buy stop and sell stop ?
  • #105,849
  • Dec 10, 2008 8:33pm Dec 10, 2008 8:33pm
Quoting gagakrimba
Would you mind telling where are your buy stop and sell stop ?
You can see them on his chart
  • #105,850
  • Dec 10, 2008 8:34pm Dec 10, 2008 8:34pm
Quoting gagakrimba
Would you mind telling where are your buy stop and sell stop ?

This is a daily trade so my stop is like 150 pips or so....but I am seeking at least 200 pips...

GBPUSD

My buy stop is 1.4845

and sell stop is 1.4734

I never risk more then 3 percent but very rarely does the market go and hit my stop full...you will see how I decrease my stop as the market moves...
  • #105,851
  • Dec 10, 2008 8:35pm Dec 10, 2008 8:35pm
If needed once in my trade I will start trading against my longerterm trade and make money against it....
  • #105,852
  • Dec 10, 2008 8:38pm Dec 10, 2008 8:38pm
Quoting Shermenator
This is a daily trade so my stop is like 150 pips or so....but I am seeking at least 200 pips...

GBPUSD

My buy stop is 1.4845

and sell stop is 1.4734

I never risk more then 3 percent but very rarely does the market go and hit my stop full...you will see how I decrease my stop as the market moves...
Got your buy stop already and its green now
  • #105,853
  • Dec 10, 2008 8:41pm Dec 10, 2008 8:41pm
Quoting gagakrimba
Got your buy stop already and its green now
close it I gave you the wrong buy stop by mistake....!!!!1
  • #105,854
  • Dec 10, 2008 8:42pm Dec 10, 2008 8:42pm
I meant buy stop 4885
And sell stop 4733

Sorry
  • #105,855
  • Dec 10, 2008 8:43pm Dec 10, 2008 8:43pm
Look at my picture....you guys are in profit at the moment ...if you guys took it by my error please close it right away and take it at the correct price ....look at the picture ...thats the plce my stops are at
  • #105,856
  • Dec 10, 2008 8:43pm Dec 10, 2008 8:43pm
can everyone here say, cable will down back at 1.4858 ?
  • #105,857
  • Dec 10, 2008 8:46pm Dec 10, 2008 8:46pm
Quoting Shermenator
close it I gave you the wrong buy stop by mistake....!!!!1

Sherm I see you took that website thing off your posts.


Good
  • #105,858
  • Dec 10, 2008 8:46pm Dec 10, 2008 8:46pm
Quoting biax
can everyone here say, cable will down back at 1.4858 ?
It can its hitting key resistance ...thats why my buy stop is above the range at 4885...

I gave the wrong buy stop a minute ago...

PLease look at my picture...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 25 KB
  • #105,859
  • Dec 10, 2008 8:52pm Dec 10, 2008 8:52pm
If you took the wrong buy stop I gave...your simply buying into resistance .....please dont do that you might get some profit taking at that resistance and we dont know if its going to break out now ..so you might see it come back down since we are also in toyko right now as well as in a range...
  • #105,860
  • Dec 10, 2008 8:55pm Dec 10, 2008 8:55pm
Quoting Shermenator
It can its hitting key resistance ...thats why my buy stop is above the range at 4885...

I gave the wrong buy stop a minute ago...

PLease look at my picture...
wow nice indicator, its manually draw?,

wish it true, like 5 hour ago.
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