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Cable Update (GBPUSD)

  • #110,181
  • Jan 8, 2009 5:57am Jan 8, 2009 5:57am
I'm already shorting this from 1.5300 with small tp 1.5250. I didnt put an SL to this. Just trying this mofos. but dollar still sinking though. Trade at your own risk.
  • #110,182
  • Jan 8, 2009 6:01am Jan 8, 2009 6:01am
Quoting Komissar
I s it time to short yet?
i short one lot at 5296 after a little retracement; i entry wasnt correct; but i think the direction is. if the H1 closes strong bullish - the next candle has a good chance of being bearish - good place to short. dont used all your trading money on one short... split it up --- the cable could go higher.... then you can short again with the balance.


e.g. if you normally trade with one lot; trade with .3 - three times if the market goes up.... then you get better entries.
  • #110,183
  • Jan 8, 2009 6:02am Jan 8, 2009 6:02am
If it breaks 1.5400 my target wud b 1.6000. After that if break this too 1.7000 where i wud put a short.
  • #110,184
  • Jan 8, 2009 6:03am Jan 8, 2009 6:03am
Quoting Vourvoul
My MT4 Alpari feed has stopped !!!!!!!!!!!!!

Anyone with similar problem?

And what do we do about it?
Yeah its deaD but I only use it for charting.Dude get em on the phone.
  • #110,185
  • Jan 8, 2009 6:03am Jan 8, 2009 6:03am
Quoting mpurdy1973
i short one lot at 5296 after a little retracement; i entry wasnt correct; but i think the direction is. if the H1 closes strong bullish - the next candle has a good chance of being bearish - good place to short. dont used all your trading money on one short... split it up --- the cable could go higher.... then you can short again with the balance.


e.g. if you normally trade with one lot; trade with .3 - three times if the market goes up.... then you get better entries.
Thanks man
  • #110,186
  • Jan 8, 2009 6:07am Jan 8, 2009 6:07am
Quoting Vourvoul
My MT4 Alpari feed has stopped !!!!!!!!!!!!!

Anyone with similar problem?

And what do we do about it?
same here...
  • #110,187
  • Jan 8, 2009 6:08am Jan 8, 2009 6:08am
Quoting trader2160
Yeah its deaD but I only use it for charting.Dude get em on the phone.
I also only use them from charting...

Just reconnected...

WOW !!!!!!!!
  • #110,188
  • Jan 8, 2009 6:08am Jan 8, 2009 6:08am
Quoting Vourvoul
My MT4 Alpari feed has stopped !!!!!!!!!!!!!

Anyone with similar problem?

And what do we do about it?
yes mine too...totally crashed
  • #110,189
  • Jan 8, 2009 6:08am Jan 8, 2009 6:08am
Quoting Vourvoul
My MT4 Alpari feed has stopped !!!!!!!!!!!!!

Anyone with similar problem?

And what do we do about it?
Its back on.
  • #110,190
  • Jan 8, 2009 6:11am Jan 8, 2009 6:11am
she doesnt swant to stop!!
ridiculous . .
  • #110,191
  • Jan 8, 2009 6:12am Jan 8, 2009 6:12am
Quoting mpurdy1973
i short one lot at 5296 after a little retracement; i entry wasnt correct; but i think the direction is. if the H1 closes strong bullish - the next candle has a good chance of being bearish - good place to short. dont used all your trading money on one short... split it up --- the cable could go higher.... then you can short again with the balance.


e.g. if you normally trade with one lot; trade with .3 - three times if the market goes up.... then you get better entries.

Excellent money management!!
  • #110,192
  • Jan 8, 2009 6:12am Jan 8, 2009 6:12am
added another short at 70
  • #110,193
  • Jan 8, 2009 6:12am Jan 8, 2009 6:12am
Quoting uut
she doesnt swant to stop!!
ridiculous . .
forex huh...this is one week where weekly and monthly seriously never showed this kinda move..this is acting like major uptrend...

has BOE got involved
  • #110,194
  • Jan 8, 2009 6:14am Jan 8, 2009 6:14am
I think 5400 - 5460 may still be in play. Will look for short position around those levels.
  • #110,195
  • Jan 8, 2009 6:15am Jan 8, 2009 6:15am
I could be wrong but I am now short from 5370....
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Patience + Discipline - Greed = Success
  • #110,196
  • Jan 8, 2009 6:15am Jan 8, 2009 6:15am
Bit of a flag forming.Very early yet though.
  • #110,197
  • Jan 8, 2009 6:16am Jan 8, 2009 6:16am
Quoting lexazver
added another short at 70

good for you.... i am waiting till the close of the 10am est H4 for my next entry... want to give the cable time to get tired
  • #110,198
  • Jan 8, 2009 6:16am Jan 8, 2009 6:16am
Quoting nAVIN2007
forex huh...this is one week where weekly and monthly seriously never showed this kinda move..this is acting like major uptrend...

has BOE got involved
that's why i dont see the dEVIL reversal, neither double top
  • #110,199
  • Jan 8, 2009 6:16am Jan 8, 2009 6:16am
Quoting mpurdy1973
i short one lot at 5296 after a little retracement; i entry wasnt correct; but i think the direction is. if the H1 closes strong bullish - the next candle has a good chance of being bearish - good place to short. dont used all your trading money on one short... split it up --- the cable could go higher.... then you can short again with the balance.


e.g. if you normally trade with one lot; trade with .3 - three times if the market goes up.... then you get better entries.
i think that only good advise if u know what yur doing..in generally i think adding to a position yur wrong about isnt good..but if it taken into account b4 hand, like u have obviously..then its good stuff

the difference is purely the mind set u have..realising that u could be wrong, makes all the difference...
  • #110,200
  • Jan 8, 2009 6:19am Jan 8, 2009 6:19am
Quoting uut
that's why i dont see the dEVIL reversal, neither double top
dude the devil reversal bit was from dec.A joke.
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