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Cable Update (GBPUSD)

  • #111,181
  • Jan 13, 2009 3:10pm Jan 13, 2009 3:10pm
Quoting allserene
oh no i am doing a navin ! chasing it - when it bet up it goes down and vikky verky !

ok no more chasing - i will let it come to me
lol Where is Navin havent seen him on for a while? What price you waiting for?
  • #111,182
  • Jan 13, 2009 3:12pm Jan 13, 2009 3:12pm
Hi everyone

Last nigth I went long at 1.4800 tinking this is going to retrace back up for sure, well I loose 300$ it never retrace and just kept falling. I told myself this is a knewbie mistake, ITold myself how can you fall in this trap presuming the trend is done before you see any confirmation of a retracement.

So rigth now I'm still short at 1.45 until the price is telling me that we are going up, I will stay short there is plenty of room for the next stop 1.4450 and 1.44 and then it couls even retest the daily low.

you will notice that when price cross a double 0 number it will tend to go for the 50 number and then to the nex double 0 number. they act as support and resistance as much as the pivot and the fibo, many case you will notice that the pivot and the fibo that realy hold are near a double 0 or 50 number.

So that is my tinking rigth now hope this one is goin down another 50-100pip

Happy pip houra http://www.forexfactory.com/images/icons/icon7.gif
  • #111,183
  • Jan 13, 2009 3:13pm Jan 13, 2009 3:13pm
lol maybe we should quit now guys
  • #111,184
  • Jan 13, 2009 3:13pm Jan 13, 2009 3:13pm
Quoting PipLand
lol Where is Navin havent seen him on for a while? What price you waiting for?
Think he said something about being busy moving house
  • #111,185
  • Jan 13, 2009 3:16pm Jan 13, 2009 3:16pm
Quoting gammase1
Think he said something about being busy moving house
ahh, oh yeah prob still sorting all that out
  • #111,186
  • Jan 13, 2009 3:16pm Jan 13, 2009 3:16pm
Quoting trader2160
lol maybe we should quit now guys
I'm locked in again at +2. I can't quit!
Just digging in the trenches like everyone else!
  • #111,187
  • Jan 13, 2009 3:17pm Jan 13, 2009 3:17pm
Quoting trader2160
lol maybe we should quit now guys
lol i think the party is just about to start, for longs that is
  • #111,188
  • Jan 13, 2009 3:18pm Jan 13, 2009 3:18pm
Quoting eohater
I'm locked in again at +2. I can't quit!
dont give up, i added more at 4485
  • #111,189
  • Jan 13, 2009 3:18pm Jan 13, 2009 3:18pm
Quoting Lejumeau
Hi everyone

Last nigth I went long at 1.4800 tinking this is going to retrace back up for sure, well I loose 300$ it never retrace and just kept falling. I told myself this is a knewbie mistake, ITold myself how can you fall in this trap presuming the trend is done before you see any confirmation of a retracement.

So rigth now I'm still short at 1.45 until the price is telling me that we are going up, I will stay short there is plenty of room for the next stop 1.4450 and 1.44 and then it couls even retest the daily low.

you will notice that...
you're hopping in a the worst times aren't you! It's important not to enter a short at the bottom and a long at the top

I've had enough for one day: I have googley eyes. Laters lads.
Probability Professor
  • #111,190
  • Jan 13, 2009 3:19pm Jan 13, 2009 3:19pm
Quoting eohater
I'm locked in again at +2. I can't quit!

Hahaha.... you can spare a coffee for me now!

I'm long @ 1.4505
  • #111,191
  • Jan 13, 2009 3:21pm Jan 13, 2009 3:21pm
Quoting Lejumeau
Hi everyone

Last nigth I went long at 1.4800 tinking this is going to retrace back up for sure, well I loose 300$ it never retrace and just kept falling. I told myself this is a knewbie mistake, ITold myself how can you fall in this trap presuming the trend is done before you see any confirmation of a retracement.

So rigth now I'm still short at 1.45 until the price is telling me that we are going up, I will stay short there is plenty of room for the next stop 1.4450 and 1.44 and then it couls even retest the daily low.

you will notice that...
welcome to the forum.Very observant.Just remeber it can move hundreds of pips in a flash.dont trade without stops.
  • #111,192
  • Jan 13, 2009 3:21pm Jan 13, 2009 3:21pm
Quoting Galation
you're hopping in a the worst times aren't you! It's important not to enter a short at the bottom and a long at the top

I've had enough for one day: I have googley eyes. Laters lads.
catch u later
  • #111,193
  • Jan 13, 2009 3:22pm Jan 13, 2009 3:22pm
Quoting Galation
you're hopping in a the worst times aren't you! It's important not to enter a short at the bottom and a long at the top

I've had enough for one day: I have googley eyes. Laters lads.
  • #111,194
  • Jan 13, 2009 3:22pm Jan 13, 2009 3:22pm
Quoting Galation
you're hopping in a the worst times aren't you! It's important not to enter a short at the bottom and a long at the top

I've had enough for one day: I have googley eyes. Laters lads.
See ya!
Just digging in the trenches like everyone else!
  • #111,195
  • Jan 13, 2009 3:24pm Jan 13, 2009 3:24pm
Quoting Galation
you're hopping in a the worst times aren't you! It's important not to enter a short at the bottom and a long at the top

I've had enough for one day: I have googley eyes. Laters lads.
Also got googley eyes from being at screen for too long....

A cold beer beckons for me. See you guys
  • #111,196
  • Jan 13, 2009 3:25pm Jan 13, 2009 3:25pm
Quoting PipLand
dont give up, i added more at 4485
Bro, I can't give up. I'm locked in at +2 and headed for a meeting. Price of 4480, hopefully this time, I don't get another freaking +2 pips. Who am I to bitch though, +2 is better than -200. I'm outta here guys!
Just digging in the trenches like everyone else!
  • #111,197
  • Jan 13, 2009 3:28pm Jan 13, 2009 3:28pm
Quoting eohater
Bro, I can't give up. I'm locked in at +2 and headed for a meeting. Price of 4480, hopefully this time, I don't get another freaking +2 pips. Who am I to bitch though, +2 is better than -200. I'm outta here guys!
cool, good luck hopefully you will come back to +500
  • #111,198
  • Jan 13, 2009 3:32pm Jan 13, 2009 3:32pm
Quoting PipLand
cool, good luck hopefully you will come back to +500
  • #111,199
  • Jan 13, 2009 3:33pm Jan 13, 2009 3:33pm
night all.Lets see what she does tomorrow.
  • #111,200
  • Jan 13, 2009 3:34pm Jan 13, 2009 3:34pm
Quoting Galation
you're hopping in a the worst times aren't you! It's important not to enter a short at the bottom and a long at the top

I've had enough for one day: I have googley eyes. Laters lads.

Still waiting for signs of a bottom to exit my short. Won't try and pick a bottom here till I see a reversal on the 1h.
Ancient Chinese Proverb: He who goes to bed with itchy bottom wake up with stinky finger.
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