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Cable Update (GBPUSD)

  • #123,361
  • Feb 25, 2009 9:14am Feb 25, 2009 9:14am
Quoting AJspeed
Just so you don't get confused, my targets are off the daily charts since I trade soley off the Daily time frame. I found that the Daily is light years easier to trade off of and the reason most fail is because of impatience and greed. This pair is still in that wedge and has just bounced off the top of that wedge. This pair is going to 1.4000 and that is my long term target.

J
Say it mate say it. Say 3600 That's where I want to go.
Thank You
  • #123,362
  • Feb 25, 2009 9:15am Feb 25, 2009 9:15am
Quoting uut
look at that move . . .
where will it stop?
well uut ...

we seemed to have hit the bottom wedge at the 4 hr time period...
nice place..but still not convinced it is spent...

I will only take it on pending upward movement...and another thing..our pivot level is so low now..that if we finish the day at these lower spots..our rise will be that much more difficult...
  • #123,363
  • Feb 25, 2009 9:15am Feb 25, 2009 9:15am
Quoting uut
look at that move . . .
where will it stop?

And, that's what's nice about a soft hedge...

I think the worst I have been on the GU/EU hedge is the -20..A lot worse for GJ/EJ, but max down was -50, so far have hit +20.

Currently bouncing between +8-0...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #123,364
  • Feb 25, 2009 9:18am Feb 25, 2009 9:18am
My shorts are closed now... looking to see if 4230 area holds now.....
Patience + Discipline - Greed = Success
  • #123,365
  • Feb 25, 2009 9:21am Feb 25, 2009 9:21am
Quoting Infinity
My shorts are closed now... looking to see if 4230 area holds now.....
What's up brother! My soldiers are still marching southbound. I've taken profit and moved to +3. 4230 looks to be an interesting level. I think she'll hold and turn around, might only get to 424x.
Just digging in the trenches like everyone else!
  • #123,366
  • Feb 25, 2009 9:21am Feb 25, 2009 9:21am
Quoting Magix
And, that's what's nice about a soft hedge...

I think the worst I have been on the GU/EU hedge is the -20..A lot worse for GJ/EJ, but max down was -50, so far have hit +20.

Currently bouncing between +8-0...
the problem comes when u close one of the positions
  • #123,367
  • Feb 25, 2009 9:22am Feb 25, 2009 9:22am
Quoting Magix
And, that's what's nice about a soft hedge...

I think the worst I have been on the GU/EU hedge is the -20..A lot worse for GJ/EJ, but max down was -50, so far have hit +20.

Currently bouncing between +8-0...
if she moves in similar fashion as between the 9th thru 13th...then...1.3878 is very realistic
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  • #123,368
  • Feb 25, 2009 9:22am Feb 25, 2009 9:22am
Quoting Infinity
My shorts are closed now... looking to see if 4230 area holds now.....
good timing i feel
  • #123,369
  • Feb 25, 2009 9:24am Feb 25, 2009 9:24am
Quoting nAVIN2007
the problem comes when u close one of the positions

Soft hedge close all trades at same time...not really a problem.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #123,370
  • Feb 25, 2009 9:24am Feb 25, 2009 9:24am
Quoting Magix
Soft hedge close all trades at same time...not really a problem.
  • #123,371
  • Feb 25, 2009 9:24am Feb 25, 2009 9:24am
Quoting eohater
What's up brother! My soldiers are still marching southbound. I've taken profit and moved to +3. 4230 looks to be an interesting level. I think she'll hold and turn around, might only get to 424x.
Going great bro! Today has been very sweet...... I am considering a long to 4400...maybe 4450 if the 4230 area holds...
Patience + Discipline - Greed = Success
  • #123,372
  • Feb 25, 2009 9:25am Feb 25, 2009 9:25am
Quoting JammerJams
if she moves in similar fashion as between the 9th thru 13th...then...1.3878 is very realistic
Now you're talking mate
Thank You
  • #123,373
  • Feb 25, 2009 9:25am Feb 25, 2009 9:25am
correction to the level 1.4235, after that ascending trend should be resumed
ROBOT FOREX
  • #123,374
  • Feb 25, 2009 9:26am Feb 25, 2009 9:26am
Quoting mcmartins
i hope u will like it????????????????/
I don't like it because you added lots every 15 pips and that's dangerous if trend changed!
ROBOT FOREX
  • #123,375
  • Feb 25, 2009 9:27am Feb 25, 2009 9:27am
Quoting Infinity
Going great bro! Today has been very sweet...... I am considering a long to 4400...maybe 4450 if the 4230 area holds...
I'm looking at the hammer forming on the 15m chart for that long ride myself.
Just digging in the trenches like everyone else!
  • #123,376
  • Feb 25, 2009 9:29am Feb 25, 2009 9:29am
Quoting eohater
I'm looking at the hammer forming on the 15m chart for that long ride myself.
Patience + Discipline - Greed = Success
  • #123,377
  • Feb 25, 2009 9:29am Feb 25, 2009 9:29am
Quoting Infinity
Going great bro! Today has been very sweet...... I am considering a long to 4400...maybe 4450 if the 4230 area holds...
Glad you're having a good day! I've just started my battle, but the day has been good so far.
Just digging in the trenches like everyone else!
  • #123,378
  • Feb 25, 2009 9:29am Feb 25, 2009 9:29am
Quoting Forbes55
I don't like it because you added lots every 15 pips and that's dangerous if trend changed!
and no stop loss also the drawdown on the account is important otherwise when live the dynamics will be so different and will definately effect results

but impressive still
  • #123,379
  • Feb 25, 2009 9:34am Feb 25, 2009 9:34am
Quoting AJspeed
Just so you don't get confused, my targets are off the daily charts since I trade soley off the Daily time frame. I found that the Daily is light years easier to trade off of and the reason most fail is because of impatience and greed. This pair is still in that wedge and has just bounced off the top of that wedge. This pair is going to 1.4000 and that is my long term target.

J
The shooting star on the daily 2 days ago was already a warning too.
Thank You
  • #123,380
  • Feb 25, 2009 9:35am Feb 25, 2009 9:35am
Quoting eohater
Glad you're having a good day! I've just started my battle, but the day has been good so far.
Thanks bro! Glad to see you're doing well yourself...
Patience + Discipline - Greed = Success
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