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Cable Update (GBPUSD)

  • #118,501
  • Feb 5, 2009 8:31am Feb 5, 2009 8:31am
Quoting TheDirtySerb
Good luck to you guys that are short. I'm keeping my long position open to at least 4679. Green pips locked in now just sit back and let it unfold. Anyone else still long or is everyone on the short bandwagon?

4679 completed. heads up from here guys, protect profits if anyone is still long. Good luck to all.
  • #118,502
  • Feb 5, 2009 8:32am Feb 5, 2009 8:32am
i am bullish from 1.4665 till 1.4780 (will close half at 1.4730), even with the news, the market is trending at the higher end of the NY opening.
  • #118,503
  • Feb 5, 2009 8:32am Feb 5, 2009 8:32am
Quoting steelhead
Bro stochs can be over sold for days does not mean there is a trade setup.

Stochs dont move the market they are lagging indicator non sense.


Price action and knowing where the market movers are looking to short or long is what is important not some silly indicator
What ever works best for you is fine with me. Not looking to change anyone's trading ability just trying to add to it. Very satisfied with my signals and results they produce keep me happy.
  • #118,504
  • Feb 5, 2009 8:32am Feb 5, 2009 8:32am
Quoting PipLand
this trendline is still very strong, its quite steep though!
i would not consider a short until it drops below the Inner Trend line
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  • #118,505
  • Feb 5, 2009 8:34am Feb 5, 2009 8:34am
[quote=Infinity;2518608]That's good risk reward bro! I still don't like the pa for short yet though. My new h4 candle also made a new high.. that's not usually a good sign..
the pa tha you want to see is a bear candle betwen 10 and 21 at 15M ???
  • #118,506
  • Edited 8:46am Feb 5, 2009 8:35am | Edited 8:46am
I am late back to online. My bias still long, because :

Current PA shows there is many support on M15 EU and many resistance on M15 EG. I did scalp, 3 trades long when pull back to M5/ema 21 and 35. + 58 pips sofar ! Don't know next few minutes ! Waiting for to entry again, maybe short maybe long !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #118,507
  • Feb 5, 2009 8:35am Feb 5, 2009 8:35am
Attached Image
Patience + Discipline - Greed = Success
  • #118,508
  • Feb 5, 2009 8:35am Feb 5, 2009 8:35am
Quoting Komissar
OK, forget about forex, let me play stupid.
Why DOW is going up? Did I miss any GOOD news for US?
apparantly due to rumours of SEC that competent organisation, suspending mark to market accounting for US banks
Trading is 80% Emotional, 20% Technical
  • #118,509
  • Feb 5, 2009 8:36am Feb 5, 2009 8:36am
Quoting Infinity

very nice .....
Trading is 80% Emotional, 20% Technical
  • #118,510
  • Feb 5, 2009 8:38am Feb 5, 2009 8:38am
so what's stopping gu rite now, coz dragon just flew past everything. any ideas?
Thank You
  • #118,511
  • Feb 5, 2009 8:40am Feb 5, 2009 8:40am
Well I am still short from 146.50 and I am not worried at all
  • #118,512
  • Feb 5, 2009 8:41am Feb 5, 2009 8:41am
hey guys!!! i shorted at 1.4588 and lost connection. i came to find it at 1.46xx. can any body gives a heads up on what to do. does anyone think it get back or i should just cut my loss
  • #118,513
  • Feb 5, 2009 8:44am Feb 5, 2009 8:44am
Quoting Professor4x
What ever works best for you is fine with me. Not looking to change anyone's trading ability just trying to add to it. Very satisfied with my signals and results they produce keep me happy.

Thats find just dont mess up other traders minds thinking that stochs is anything more than a garbage indicator. We are trying to get them to get away from that non sense and actually read a chart correctly.


Especially newbies
  • #118,514
  • Feb 5, 2009 8:46am Feb 5, 2009 8:46am
beejay : if it doesn't hurt your account, hold. If it's killing you, just pull out before it gets worse. I'm short as well, except a bit higher than you.
Good luck
Thank You
  • #118,515
  • Feb 5, 2009 8:49am Feb 5, 2009 8:49am
Quoting wormboy
beejay : if it doesn't hurt your account, hold. If it's killing you, just pull out before it gets worse. I'm short as well, except a bit higher than you.
Good luck
thanks.your advise taken
  • #118,516
  • Feb 5, 2009 8:54am Feb 5, 2009 8:54am
Quoting Mr.mo
the pa tha you want to see is a bear candle betwen 10 and 21 at 15M ???
Not necessarily..I would prefer to see a lower high, lower low and lower close on the h1 ideally but.. I took a chance on the pullback after the last m15 close.. let's see how it closes now...

My connection is on and off...
Patience + Discipline - Greed = Success
  • #118,517
  • Feb 5, 2009 8:56am Feb 5, 2009 8:56am
Well, my shorts are doing good. I'm moving my SL to +3 and going to lunch. If I should get taken out. There will be a new seat in the future. I would expect a heavy bounce around 456x area.

Trade well everyone!
EO
Just digging in the trenches like everyone else!
  • #118,518
  • Feb 5, 2009 8:59am Feb 5, 2009 8:59am
This is not the game or gamble ,it is a business.You don't go unto business first and then ask people what to do .You learn proper management learn how to run it , have capital and then open your doors.Think about it.
  • #118,519
  • Feb 5, 2009 8:59am Feb 5, 2009 8:59am
Quoting beejay
hey guys!!! i shorted at 1.4588 and lost connection. i came to find it at 1.46xx. can any body gives a heads up on what to do. does anyone think it get back or i should just cut my loss

Beejay...

I could not say for you...but my risk limit is 1%...

so..it has lot to do with your strategy...

define it..and consider your approach.

to hope for change is not strategy..looking at the charts..and limits..I would suspect we are at or near the highs..but..that is speculation.

I need to see my ema's cross and become bearish...as well as seeing the 1hr start to turn downward..

Yes that may mean less pips..but it is less risk too

Beejay...we have all been where you are..."the hot seat" but we have turned emotion into a learning process to never be in that position again....

I recommend reading alot..we all mean well....best of luck...but the market is not kind...it is mean and full of surprises..and when you think you can beat it..it smashes you.

So..learn risk mitigation first and foremost. Never trade without knowing your limit risk.
good luck...and i do mean well...please stick to each trade with limits...and planned.
  • #118,520
  • Feb 5, 2009 9:00am Feb 5, 2009 9:00am
wohooo been on the phone and this is coming down finally!

Gotta break this trendline though its well stubborn!
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