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Cable Update (GBPUSD)

  • #106,281
  • Dec 11, 2008 11:26pm Dec 11, 2008 11:26pm
Quoting Shermenator
All you need in forex is a plan to fallow an execute....and not jump on every tick the market moves...you only put your money when you believe your probabilty is high to win....this is not a game its a buisness...and a very few amount of guys here know how to trade...
You are so right. If you remember my thread, I use to make everyone call their trades as they made them or they could not boast about their million pips. Amazing how many less pips were made.

PT
Zone Breakout Method
  • #106,282
  • Dec 11, 2008 11:32pm Dec 11, 2008 11:32pm
Quoting Shermenator
We are starting to get some selling at the 61.8 up top...I would stary a bitt away from this market a bitt since we are widening....Ill give my next trade again...hope some of you guys are taking some of them....

Attachment
Hey sherm you are great with those fibos...in this chart why isn't your fibo in the low candle of the day?? and thanks for share all of this you are the master of the fibos!!!!
  • #106,283
  • Dec 11, 2008 11:34pm Dec 11, 2008 11:34pm
Quoting manize
Either one is fine as long as able to pile the green pips !
It's ranging for the past 3 hrs.
Any good entry either long or short will make pips
  • #106,284
  • Dec 11, 2008 11:34pm Dec 11, 2008 11:34pm
Quoting steelhead
Please break these lines so i can go short. I made the lines red maybe that will help

yeah call em out before hand not after lol.

1.5120 what a great area hmm nice
  • #106,285
  • Dec 12, 2008 12:00am Dec 12, 2008 12:00am
Quoting steelhead
yeah call em out before hand not after lol.

1.5120 what a great area hmm nice

Yep I like how your one of the very few guys that calls his trades prior to taking them...even if your charts are naked lol all the matters is that you have a plan and have experience under your belt with your style of trading and making money.
  • #106,286
  • Dec 12, 2008 12:02am Dec 12, 2008 12:02am
Quoting Shermenator
Yep I like how your one of the very few guys that calls his trades prior to taking them...even if your charts are naked lol all the matters is that you have a plan and have experience under your belt with your style of trading and making money.
I love my naked charts allows me to see the charts lol. Easier to see things
  • #106,287
  • Dec 12, 2008 12:16am Dec 12, 2008 12:16am
first post here,
pending to short this baby
  • #106,288
  • Dec 12, 2008 12:19am Dec 12, 2008 12:19am
Quoting cyril.zl
first post here,
pending to short this baby
Do yourself a favor dont short it here.
  • #106,289
  • Dec 12, 2008 12:23am Dec 12, 2008 12:23am
Quoting gagakrimba
It's ranging for the past 3 hrs.
Any good entry either long or short will make pips
What your suggestion when the London session opened, push down as a bearish trap like yesterday or not ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #106,290
  • Dec 12, 2008 12:26am Dec 12, 2008 12:26am
Interesting tosee the eur/usd thread saying short short short, and you guys are thinking long. This is going too be a fun friday.
  • #106,291
  • Dec 12, 2008 12:29am Dec 12, 2008 12:29am
Quoting permanentjaun
Interesting tosee the eur/usd thread saying short short short, and you guys are thinking long. This is going too be a fun friday.
Me no thinking long. Me liking my shorts i have in place above 1.5100

she can keep going down. Hey cable baby keep going down

I should start doing my posts in third person lol. Steelhead no thinking long steelhead liking shorts from above 1.5100
  • #106,292
  • Dec 12, 2008 12:31am Dec 12, 2008 12:31am
Quoting manize
What your suggestion when the London session opened, push down as a bearish trap like yesterday or not ?
It is already bearish before the london session bro
  • #106,293
  • Dec 12, 2008 12:32am Dec 12, 2008 12:32am
With the massive confidence shift the bailout failure brings, I am gearing for a big move down in the London session. I am short EUR and GBP as a result. Trader's thinking wrt to risk will not change overnight so it should be risk aversion, risk aversion, risk aversion until the market says its ok. Thankfully they took us nice and high to do so. I love those useless US politicians. They cause as much chaos as Gordon's Brown spot.

Quoting permanentjaun
Interesting tosee the eur/usd thread saying short short short, and you guys are thinking long. This is going too be a fun friday.
Ride the Bulls bearback!
  • #106,294
  • Dec 12, 2008 12:38am Dec 12, 2008 12:38am
This is the 1st time there is action in the asian session after a couple of dull weeks.
  • #106,295
  • Dec 12, 2008 12:43am Dec 12, 2008 12:43am
Quoting steelhead
Me no thinking long. Me liking my shorts i have in place above 1.5100

she can keep going down. Hey cable baby keep going down

I should start doing my posts in third person lol. Steelhead no thinking long steelhead liking shorts from above 1.5100
Just want to thank u for opening my thinking wider .

ps.: y i don't see u on active users on the thread..just need to know if u r around and if posted something
  • #106,296
  • Dec 12, 2008 12:43am Dec 12, 2008 12:43am
Its being a long time Im not trading Live as I just see the market really busy.
Im shorting as a warm up :-)
so all thinking short?
  • #106,297
  • Dec 12, 2008 12:45am Dec 12, 2008 12:45am
Quoting gagakrimba
It is already bearish before the london session bro
I suspend my long plan , maybe shift trend !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #106,298
  • Dec 12, 2008 12:51am Dec 12, 2008 12:51am
With the action on the JPY pairs (which would have been fantastic if you traded them) it looks like the fan may splatter this morning. EUR made a few stiff attacks on the 1.3 level and has now got thru and cable keeps bouncing off big resistance levels so it does look like we are edging lower but I do hope we don't have to use yesterday's rickety stepladder to get there.

Quoting gagakrimba
This is the 1st time there is action in the asian session after a couple of weeks.
Ride the Bulls bearback!
  • #106,299
  • Dec 12, 2008 12:53am Dec 12, 2008 12:53am
Maybe the rejection by senat to bailout the GE shifts the situation. It means $$ still disppear from the market or still stronger !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #106,300
  • Dec 12, 2008 12:53am Dec 12, 2008 12:53am
Quoting alcando
With the action on the JPY pairs (which would have been fantastic if you traded them) it looks like the fan may splatter this morning. EUR made a few stiff attacks on the 1.3 level and has now got thru and cable keeps bouncing off big resistance levels so it does look like we are edging lower but I do hope we don't have to use yesterday's rickety stepladder to get there.
I'm hoping for a 400 pip day. That'd be just enough.
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