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Cable Update (GBPUSD)

  • #118,681
  • Feb 6, 2009 2:46am Feb 6, 2009 2:46am
Quoting guardians
Remember all, the main trend is still up, just some pips in downside for retracement. I believe it will touch 1.5 in near time.
Just remember 1.5035
  • #118,682
  • Feb 6, 2009 2:49am Feb 6, 2009 2:49am
Quoting guardians
Remember all, the main trend is still up, just some pips in downside for retracement. I believe it will touch 1.5 in near time.
I agree with you mate. I was bearish all week. My bias has changed since the cci is pointing up on my daily & my sma on the 4hr is already busted. I have 1.4985 - 1.52 as possible target. But right now I'm flat till at least after the news or preferably till the us session just to be sure.
Thank You
  • #118,683
  • Feb 6, 2009 2:52am Feb 6, 2009 2:52am
Quoting mangZX7L
thanks bro...im still thinking of bullish..but..right now i do some scalping which is sell from bounce..well..im still a newbie n learning...all advices are more2 appreciated...thanks again bro

p/s:if i post too much BS..just tell me..then ill stop...sorry guys
No biggie bro. I don't smell any bs, so I won't tell you to stop. All the best with your trades
Thank You
  • #118,684
  • Feb 6, 2009 2:53am Feb 6, 2009 2:53am
Quoting madel
I am deeply red pips, I was asleep after putting bear order ????

any help
I personnaly think you should define a clear entry method like the 123 one, then manage every trade.

Watch those, it help me alot. Basic and logic
http://www.forexfactory.com/showpost...stcount=117587

Take care, trade well!


INz
  • #118,685
  • Feb 6, 2009 2:53am Feb 6, 2009 2:53am
Quoting madel
I am deeply red pips, I was asleep after putting bear order ????

any help
Even though we have to sleep the market never does.

If you are going to leave a position on be sure to either place a stop loss or trade with a small enough position that a typical two day move against you won't dent your equity too much.

For now I would put a trailing stop in to protect what equity you have left and hopefully the market will move lower for you.

When the stop is hit, FORGET the trade but not the lesson you learned. The market is always here, but you don't have to be trading it constantly.

Best of luck and GREEN PIPS to you.
  • #118,686
  • Feb 6, 2009 2:57am Feb 6, 2009 2:57am
the before picture sent earlier today and a little while ago
here is the now - or few minutes ago
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd-4hr-5-5-09-c.jpg Size: 134 KB
Attached Image
  • #118,687
  • Feb 6, 2009 2:58am Feb 6, 2009 2:58am
Quoting Abuawad
Just remember 1.5035
Might be right. I test scalp. Success in long and fail in short. - 2 pips loss sofar !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #118,688
  • Feb 6, 2009 2:59am Feb 6, 2009 2:59am
Quoting laromanell
I am waiting for her to come up to 1.4750 and then I'll start shorting heavily.
I was talking about shorting a lot and in the end missed it didn't think she would go up till the news come out
  • #118,689
  • Feb 6, 2009 2:59am Feb 6, 2009 2:59am
Quoting Abuawad
Just remember 1.5035
Hi mister Abuawad!

I wonder what a guy like you think about the possibility of breaking that major trendline that stand since 30 october 2007 on daily chart that we just bouce on it.

I personnaly doubt about 1.5035 possibility, just wanted to know your tough on it.
I know, nobody got a crytal ball, but well, let's "speculate on this" if you feel so.

Take care!

---------------------

"The market is always here, but you don't have to be trading it constantly." Well say !
INz
  • #118,690
  • Feb 6, 2009 3:02am Feb 6, 2009 3:02am
guys..just a question..normally people would put sl at what value?30 pips?10 pips?or it depends?n what usually would be the indicator to put our sl?is it by referring to MA's?or S n R?how bout risk reward ratio?anyone do play with 2:1 RRR?
money is for living
  • #118,691
  • Feb 6, 2009 3:03am Feb 6, 2009 3:03am
Quoting Abuawad
Just remember 1.5035
that all depends on NFP reaction
If it does, it will blow out of the down trend channel
If we are to stay in the downtrend - it will go down from this level
will most likely test it one or two more times

FYI - that upper resistance line drawn on my chart is at 4766
missed it by two pips
And the worst part - I did Not get any of that move - now that suc_s
  • #118,692
  • Feb 6, 2009 3:03am Feb 6, 2009 3:03am
Quoting Inzider
Hi mister Abuawad!

I wonder what a guy like you think about the possibility of breaking that major trendline that stand since 30 october 2007 on daily chart that we just bouce on it.

I personnaly doubt about 1.5035 possibility, just wanted to know you tough on it. I know, nobody got a crytal ball, but well, let's "speculate in this" if you feel so.

Take care!

---------------------

"The market is always here, but you don't have to be trading it constantly." Well say !
INz
Well as you say no one have crystal ball, but let's see during US session....
  • #118,693
  • Feb 6, 2009 3:08am Feb 6, 2009 3:08am
Quoting golatigo
will most likely test it one or two more times
Ur right!

Quoting Abuawad
let's see during US session....
Thx for answer and perspective. = no expectation
  • #118,694
  • Feb 6, 2009 3:09am Feb 6, 2009 3:09am
Hoping to short off daily 50 ema, daily descending trendline and weekly R1 all around 147.90 - 148.10 if it spikes there on news.
  • #118,695
  • Feb 6, 2009 3:12am Feb 6, 2009 3:12am
Quoting mangZX7L
guys..just a question..normally people would put sl at what value?30 pips?10 pips?or it depends?n what usually would be the indicator to put our sl?is it by referring to MA's?or S n R?how bout risk reward ratio?anyone do play with 2:1 RRR?
Hi mang,

People put stop losses in place according to the way they trade. Some use MAs, others fib levels, others key support and resistance areas and the list goes on...

If the RRR means risk reward ratio (and not reward risk ratio) then risking 2 to get 1 is obviously not a good deal.

I'm not an fx guru myself but it seems you are just starting out. Go to:

www.babypips.com

and go through the lessons.

I'd be happy to help. PM me if you like.

Happy trading
  • #118,696
  • Feb 6, 2009 3:20am Feb 6, 2009 3:20am
Quoting Vourvoul
Hi mang,

People put stop losses in place according to the way they trade. Some use MAs, others fib levels, others key support and resistance areas and the list goes on...

If the RRR means risk reward ratio (and not reward risk ratio) then risking 2 to get 1 is obviously not a good deal.

I'm not an fx guru myself but it seems you are just starting out. Go to:

www.babypips.com

and go through the lessons.

I'd be happy to help. PM me if you like.

Happy trading
oooopss..my mistakes...its reward risk ratio lol...

by the way..cool bro..thanks for the help..i really appreciated that
money is for living
  • #118,697
  • Feb 6, 2009 3:22am Feb 6, 2009 3:22am
Quoting Abuawad
Just remember 1.5035
I can see cable at 1.4895 but not higher yet maybe it can go to 1.50 but that's a stretch
  • #118,698
  • Feb 6, 2009 3:25am Feb 6, 2009 3:25am
Quoting sofia101
I can see cable at 1.4895 but not higher yet maybe it can go to 1.50 but that's a stretch
people we are talking about around 300 pips , yesterday range was 344 PIPS
  • #118,699
  • Feb 6, 2009 3:30am Feb 6, 2009 3:30am
hi itold before that we are in down trend as daily chart shown
but on the 4 hour we still in uptrend

there is semitrical triangle on 4 hour which we can calculate the first target this formation if it break to up and close above it then the target will be surprise 1.5080
and if she goes to there then we make another high high on the daily then we will wait if it make higher low then we are on begining of up trend onthe daily chart

ps : we calculate this formation take the high triangle then suptract it from the lower of the triangle then we add the result to the close candle which close above the triangle then will be with this example i show to you 1.5080

thanks iwan t your commenton that
Attached Thumbnailshttp://www.forexfactory.com/attachme...1&d=1233855066
  • #118,700
  • Feb 6, 2009 3:36am Feb 6, 2009 3:36am
all this bearish movement is because of news right?im with the bull...but need to hold my breath at the moment....
money is for living
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