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Cable Update (GBPUSD)

  • #105,861
  • Dec 10, 2008 9:00pm Dec 10, 2008 9:00pm
Quoting biax
wow nice indicator, its manually draw?,

wish it true, like 5 hour ago.

Yep everything I have in my charts is drawn manually...I dont use anything but fibbs ....everything in the market is support and resistance...I dont use anything but that.
  • #105,862
  • Dec 10, 2008 9:07pm Dec 10, 2008 9:07pm
Quoting Shermenator
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...
Shermenator,

So you think it's going to pull back from here?

Cheers
  • #105,863
  • Dec 10, 2008 9:09pm Dec 10, 2008 9:09pm
Quoting macockiner2
Shermenator,

So you think it's going to pull back from here?

Cheers

It all depends on how many limit orders are place their as well as how many people are going to short from short momentum shifts on small timeframes....it also depends on how much are you looking for if short at that point....

you see 2 people could enter at the exact same price and one would win and the other loose....it all depends what your seeking out of your trade as well as the market rythem at the moment...
  • #105,864
  • Dec 10, 2008 9:15pm Dec 10, 2008 9:15pm
Your now hitting the 38.2 so expect a slow down since some people will profit take as well as short and the 50 percent of a more recent move in the market....I am waitng for the break out of this ...


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  • #105,865
  • Dec 10, 2008 9:16pm Dec 10, 2008 9:16pm
Quoting Shermenator
It all depends on how many limit orders are place their as well as how many people are going to short from short momentum shifts on small timeframes....it also depends on how much are you looking for if short at that point....

you see 2 people could enter at the exact same price and one would win and the other loose....it all depends what your seeking out of your trade as well as the market rythem at the moment...
That's so true, I've also found this is not typically the best time to trade. Is it also true that December is typically a bad month to trade?

(sorry for all the questions but I'm on the learning curve and want to absorb as much info as i can before I make the switch from demo to real $$)

Cheers
  • #105,866
  • Dec 10, 2008 9:20pm Dec 10, 2008 9:20pm
R1 test. I is the 3rd effort since yesterday ! I don't think too strong !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #105,867
  • Dec 10, 2008 9:21pm Dec 10, 2008 9:21pm
Quoting manize
R1 test. I is the 3rd time since yesterday ! I don't think so strong !

long or short ?
  • #105,868
  • Edited 9:42pm Dec 10, 2008 9:23pm | Edited 9:42pm
Quoting biax
long or short ?
Abstain ! What ever she goes, currently I only think short at the R3 or long below 1.4726 ! Long is rather prevailed, because E/U is on the way another+40 pips to reach R1, on the other side E/GBP stays below daily pivot ! But I maybe change mind, do trade what I see and not what I (or the people) hope !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #105,869
  • Dec 10, 2008 9:26pm Dec 10, 2008 9:26pm
Quoting macockiner2
That's so true, I've also found this is not typically the best time to trade. Is it also true that December is typically a bad month to trade?

(sorry for all the questions but I'm on the learning curve and want to absorb as much info as i can before I make the switch from demo to real $$)

Cheers

well I am banking this month lol....As long as I grow my account 10 percent a week I am a happy camper...sometimes I do a better then this and sometimes a bitt slightly less then that....but what always matters is winning the month


you can make money any time....the only thing that can change is the market rythem meaning you simply have to change your aproach to the market as well as the way you hold you trades....what happends to most people is that they dont change the aproach from holding the trade wishing for the home run or simply grabbing some and running...the market changes and the market makers some times go into scalping trading meaning they dont hold trades long and thats when I simply start shifting the way I hold my trades as well as how I make my decesions.
  • #105,870
  • Dec 10, 2008 9:27pm Dec 10, 2008 9:27pm
Quoting biax
long or short ?

Whats your planw when you look at the charts...let the price come to your decesion dont run after it.....your supposed to trade the forex like a sniper...only take your best shoots that fit your criteria.
  • #105,871
  • Dec 10, 2008 9:43pm Dec 10, 2008 9:43pm
Damned...it refuse to come down
  • #105,872
  • Dec 10, 2008 9:47pm Dec 10, 2008 9:47pm
She is going to test R2
  • #105,873
  • Dec 10, 2008 9:49pm Dec 10, 2008 9:49pm
Quoting gagakrimba
Damned...it refuse to come down
Just curious, you look very confidence to trade. What size (% account ) you trade each ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #105,874
  • Dec 10, 2008 9:49pm Dec 10, 2008 9:49pm
Quoting Shermenator
Whats your planw when you look at the charts...let the price come to your decesion dont run after it.....your supposed to trade the forex like a sniper...only take your best shoots that fit your criteria.
only waiting sir, but i think she will go short if 4886 touched.
  • #105,875
  • Dec 10, 2008 9:53pm Dec 10, 2008 9:53pm
Quoting manize
I curious, you look very confidence to trade. What size (% account ) you trade each ?
It depend on my confidance bro.
It's from 0.2 to 1.0 lot @ usd2 to usd10 per pip
  • #105,876
  • Dec 10, 2008 9:57pm Dec 10, 2008 9:57pm
the eur has topped out. i see a reversal. then the gbp will come down also.
  • #105,877
  • Dec 10, 2008 10:01pm Dec 10, 2008 10:01pm
the euro is coming down
  • #105,878
  • Dec 10, 2008 10:04pm Dec 10, 2008 10:04pm
Quoting gagakrimba
It depend on my confidance bro.
It's from 0.2 to 1.0 lot @ usd2 to usd10 per pip
How many % remaining margin - all price been opening ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #105,879
  • Dec 10, 2008 10:06pm Dec 10, 2008 10:06pm
Guys, I have to tell you! I have it made right now. I'm sitting on the beach, listening to the water and trading. This is the freakin life!
Just digging in the trenches like everyone else!
  • #105,880
  • Dec 10, 2008 10:07pm Dec 10, 2008 10:07pm
Quoting sed34
the eur has topped out. i see a reversal. then the gbp will come down also.
Well....it could be just a retrace
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