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Cable Update (GBPUSD)

  • #120,021
  • Edited 5:39am Feb 12, 2009 5:13am | Edited 5:39am
Ok if this 30M close below 1.4207 then the 3rd Sell entry will be active for me.
  • #120,022
  • Feb 12, 2009 5:26am Feb 12, 2009 5:26am
Quoting sofia101
The way I see it we are all different and have different styles of trading fallowing anybody advise is not really trading ,do your own research and trade your own plan,because nothing works 100% ,this way you will be blaming only yourself,cheers
Spot on, Sofia.

Everyone has to complete their own analysis before entering a trade, otherwise it is impossible to progress in any way as a trader in your own right. You have to learn from your own successes and failures, not someone else's.
  • #120,023
  • Feb 12, 2009 5:34am Feb 12, 2009 5:34am
Quoting sofia101
The way I see it we are all different and have different styles of trading fallowing anybody advise is not really trading ,do your own research and trade your own plan,because nothing works 100% ,this way you will be blaming only yourself,cheers
I personally think that the summary of all trading styles is to help us with a picture of the direction of the trend; different methods say it differently but at some point all traders in the world should be buying or selling. Sharing ideas can help in making predictions of high probability. All i mean is that we need each other otherwise most or all of wont be here. But u know know best why u said what u said and will be glad to know your view pls.
  • #120,024
  • Feb 12, 2009 5:36am Feb 12, 2009 5:36am
Quoting sofia101
The way I see it we are all different and have different styles of trading fallowing anybody advise is not really trading ,do your own research and trade your own plan,because nothing works 100% ,this way you will be blaming only yourself,cheers
There is no doubt about the pionts that we are different and we have different style of trading. However when you consider certain forces in this game of future telling i think you will want to agree with me that the best profile for a trader is positioning. The market is all about trend and following the trend make you smarter and gives an edge over a day trader.
  • #120,025
  • Feb 12, 2009 5:39am Feb 12, 2009 5:39am
Quoting Abuawad
Ok if this 30M close below 1.4207 then the 2nd Sell entry will be active for me.
Good Morning (afternoon), Abuawad.
30M closed below, and now we are waiting for retracement to 4275 to enter the trade, right?
Or, you enter below 2nd sell entry, but with the same TP 4170?
  • #120,026
  • Feb 12, 2009 5:41am Feb 12, 2009 5:41am
Quoting sofia101
The way I see it we are all different and have different styles of trading fallowing anybody advise is not really trading ,do your own research and trade your own plan,because nothing works 100% ,this way you will be blaming only yourself,cheers
There is no doubt about the pionts that we are different and we have different style of trading. However when you consider certain forces in this game of future telling i think you will want to agree with me that the best profile for a trader is positioning. The market is all about trend and following the trend make you smarter and gives an edge over a day trader.
  • #120,027
  • Feb 12, 2009 5:48am Feb 12, 2009 5:48am
Quoting dgr8truth
There is no doubt about the pionts that we are different and we have different style of trading. However when you consider certain forces in this game of future telling i think you will want to agree with me that the best profile for a trader is positioning. The market is all about trend and following the trend make you smarter and gives an edge over a day trader.
I totaly agree with you I trade longer term then most ppl, here ,but I also sckalp too for fun
  • #120,028
  • Feb 12, 2009 5:53am Feb 12, 2009 5:53am
Quoting goodwings
I personally think that the summary of all trading styles is to help us with a picture of the direction of the trend; different methods say it differently but at some point all traders in the world should be buying or selling. Sharing ideas can help in making predictions of high probability. All i mean is that we need each other otherwise most or all of wont be here. But u know know best why u said what u said and will be glad to know your view pls.
If you want my opinion I can see this strong move down will turn soon around to tell exactly when is hard ,but I would be watching levels about 1.40 ,and if it breaks this level it could be all the way to 1.34 .That's a long term of course
  • #120,029
  • Feb 12, 2009 5:58am Feb 12, 2009 5:58am
And I would like to hear everybody else opinions too
  • #120,030
  • Feb 12, 2009 6:08am Feb 12, 2009 6:08am
Quoting sofia101
And I would like to hear everybody else opinions too
nice sofi...
1. the trend direction is down
2. we may see the 1.4xx then maybe rebound (retracement) or it can be closed bellow the 1.4xx n then rebound
3. of course should make lower low the 1.34
why i can say that : techically n fundamentally (bad data in UK - UK in recession)

nothing is sure in forex, everything can change so keep beware
loss is sure, win is great. nothing is impossible in forex
  • #120,031
  • Feb 12, 2009 6:08am Feb 12, 2009 6:08am
Quoting sofia101
And I would like to hear everybody else opinions too
seeems rather quiet... before the storm ?? ... hope to see it break 1.40 soon...
  • #120,032
  • Feb 12, 2009 6:11am Feb 12, 2009 6:11am
Quoting sofia101
If you want my opinion I can see this strong move down will turn soon around to tell exactly when is hard ,but I would be watching levels about 1.40 ,and if it breaks this level it could be all the way to 1.34 .That's a long term of course
i wish to feel the thrill of taking a long term position. I will greatly consider being a part by March.
  • #120,033
  • Feb 12, 2009 6:12am Feb 12, 2009 6:12am
Quoting blurrcow
seeems rather quiet... before the storm ?? ... hope to see it break 1.40 soon...
What kind of storm are we expecting? I find it quite annoying when there is more than one important release at the same time!
"The trend is your friend, until the end."
  • #120,034
  • Feb 12, 2009 6:12am Feb 12, 2009 6:12am
Quoting dashboard
nice sofi...
1. the trend direction is down
2. we may see the 1.4xx then maybe rebound (retracement) or it can be closed bellow the 1.4xx n then rebound
3. of course should make lower low the 1.34
why i can say that : techically n fundamentally (bad data in UK - UK in recession)

nothing is sure in forex, everything can change so keep beware
loss is sure, win is great. nothing is impossible in forex
True in the mean time I took my own call and I am long from 1.4150 already green,lol
  • #120,035
  • Feb 12, 2009 6:19am Feb 12, 2009 6:19am
I am always amazed by peoples saying they get in a trend reversal trade at or near the low for that day when there is no apparent reason or none quoted. We would all love to know the thinking behind it then we can be equally as clever...........
  • #120,036
  • Feb 12, 2009 6:21am Feb 12, 2009 6:21am
Quoting sofia101
True in the mean time I took my own call and I am long from 1.4150 already green,lol
That seems a really confident move in the face of such selling pressure. Can I ask what made you confident enough to make that trade? I'm assuming it was some form support you've got on a higher time frame chart as I know you trade 1 hour/4hour charts.

Thanks.
  • #120,037
  • Feb 12, 2009 6:23am Feb 12, 2009 6:23am
Quoting Marj
I am always amazed by peoples saying they get in a trend reversal trade at or near the low for that day when there is no apparent reason or none quoted. We would all love to know the thinking behind it then we can be equally as clever...........
I trade naked charts ,fibos, pivots and TL was areason ,plus time
  • #120,038
  • Feb 12, 2009 6:24am Feb 12, 2009 6:24am
Quoting sofia101
True in the mean time I took my own call and I am long from 1.4150 already green,lol
Took a long 1.4210 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #120,039
  • Feb 12, 2009 6:25am Feb 12, 2009 6:25am
Quoting pmn100
That seems a really confident move in the face of such selling pressure. Can I ask what made you confident enough to make that trade? I'm assuming it was some form support you've got on a higher time frame chart as I know you trade 1 hour/4hour charts.

Thanks.
I posted couple hours earlier check it out of course I waited a little more my post was 1.4163 I got in at 1.4150
  • #120,040
  • Feb 12, 2009 6:25am Feb 12, 2009 6:25am
Quoting Marj
I am always amazed by peoples saying they get in a trend reversal trade at or near the low for that day when there is no apparent reason or none quoted. We would all love to know the thinking behind it then we can be equally as clever...........
Yes, I would like to know how that kind of trades were trigerred.
For example, Sofia mentioned 4150 long. I assumed it was executed about 2 hours ago. At that time it was pure down trend. Any details to share?
Thanks in advance.
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