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Cable Update (GBPUSD)

  • #121,901
  • Feb 19, 2009 9:33am Feb 19, 2009 9:33am
anyone taken a long at the 1hr 62ema?
Trading is 80% Emotional, 20% Technical
  • #121,902
  • Feb 19, 2009 9:34am Feb 19, 2009 9:34am
wow. Wish I hadn't gone for an extended lunch after all! nice candle there
  • #121,903
  • Feb 19, 2009 9:35am Feb 19, 2009 9:35am
Quoting alfamichi
bros..that is fx for you..i lost 100pips also..but was strong enough to enter it Short again to pick 50pips..will make it up on Friday...
yep forex aint a game to play safe thats for sure, this is turning into a bad week...ego yesterday today stupidity
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  • #121,904
  • Feb 19, 2009 9:37am Feb 19, 2009 9:37am
Quoting fx local
anyone taken a long at the 1hr 62ema?
Im long from 4285,
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  • #121,905
  • Feb 19, 2009 9:38am Feb 19, 2009 9:38am
Quoting ragnakore
This currency pair is killing me!

WTH! when I was short, it went up. and when it stopped out, it dropped!
That's why no s/l for me. If I think it's gonna go down, just watch and ride all the way, up and down. S/L killed me in the past and no more s/l for me.
  • #121,906
  • Feb 19, 2009 9:43am Feb 19, 2009 9:43am
price action supporting a bounce...
  • #121,907
  • Feb 19, 2009 9:43am Feb 19, 2009 9:43am
Quoting PipLand
Im long from 4285,
Hi,

Whats is your target at 4285 long?
  • #121,908
  • Feb 19, 2009 9:44am Feb 19, 2009 9:44am
Quoting Nerijus
Hi,

Whats is your target at 4285 long?
Maybe 4435 maybe more will see when and if it gets there
  • #121,909
  • Feb 19, 2009 9:48am Feb 19, 2009 9:48am
Quoting PipLand
Maybe 4435 maybe more will see when and if it gets there
looking at dailly this movement down i suppose can be seen as retracement ..the trend is up..assuming this is a low...could be a great trade
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  • #121,910
  • Feb 19, 2009 9:49am Feb 19, 2009 9:49am
hope not too late to say thank you to AbuAwad for precious prediction and his wonderful table. I make few grands today long from 1.42xx to 1.4430 as indicate in his chart. I close all my longs hours ago before it fallen like Niagara Falls.

thanks again, brother!
  • #121,911
  • Feb 19, 2009 9:50am Feb 19, 2009 9:50am
Quoting nAVIN2007
looking at dailly this movement down i suppose can be seen as retracement ..the trend is up..assuming this is a low...could be a great trade
Yeah exactly im looking at this as retracement. Reckon we'll def go down hard but not until 45xx - 46xx now, trend is up for now.
  • #121,912
  • Feb 19, 2009 9:51am Feb 19, 2009 9:51am
Quoting narocc
hope not too late to say thank you to AbuAwad for precious prediction and his wonderful table. I make few grands today long from 1.42xx to 1.4430 as indicate in his chart. I close all my longs hours ago before it fallen like Niagara Falls.

thanks again, brother!
Nice one!!, sweet for a days work eh
  • #121,913
  • Feb 19, 2009 10:02am Feb 19, 2009 10:02am
The 1hr closed above 4300 which is nice for my long
  • #121,914
  • Feb 19, 2009 10:04am Feb 19, 2009 10:04am
Quoting MarkyBoy
I got stung on the first setup yesterday, so have just watched today, but the first 2 TPs are hit and it reversed just before the 3rd entry, so would have been a lovely trade:

Great work!!!!
As I understand, the 3rd Buy trade SHOULD be triggered. A M30 candle at 1:30PM GMT closed at 1.4441, which is more than 1.4430. On the next M30 candle, the maximum was 1.4444, but the buy orders are +3pips, so it would trigger at 1.4445 and then go down...
  • #121,915
  • Feb 19, 2009 10:05am Feb 19, 2009 10:05am
Quoting sbhaumik
That's why no s/l for me. If I think it's gonna go down, just watch and ride all the way, up and down. S/L killed me in the past and no more s/l for me.
And if you trade only pico's or nano's rather than standard lots or mini's or micro's then you'll be just fine without a s/l.

You should be trading the GBPJPY and then you'll get to your destination sooner.

Dr. D.
  • #121,916
  • Feb 19, 2009 10:07am Feb 19, 2009 10:07am
Aint it great - I see everything when I'm not trading. Never mind - next week I'll be ready....
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  • #121,917
  • Feb 19, 2009 10:09am Feb 19, 2009 10:09am
Quoting Julek
As I understand, the 3rd Buy trade SHOULD be triggered. A M30 candle at 1:30PM GMT closed at 1.4441, which is more than 1.4430. On the next M30 candle, the maximum was 1.4444, but the buy orders are +3pips, so it would trigger at 1.4445 and then go down...
You have to watch the Price Action - There was a hanging man in the 15 Min!!!!!
  • #121,918
  • Feb 19, 2009 10:13am Feb 19, 2009 10:13am
god i love the higher time frames
  • #121,919
  • Feb 19, 2009 10:15am Feb 19, 2009 10:15am
Quoting nAVIN2007
god i love the higher time frames
Yes, but the 15m is outstanding for your entries.

I think I might be done for the day. My pip basket is heavy today!
Just digging in the trenches like everyone else!
  • #121,920
  • Feb 19, 2009 10:16am Feb 19, 2009 10:16am
http://gbpusd-da.blogspot.com/
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