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Cable Update (GBPUSD)

  • #123,741
  • Feb 26, 2009 9:34am Feb 26, 2009 9:34am
Quoting pippenmagic
If i walk away from my screen now, i have all horrible thoughts running thru my grey matter. While i'm at the screen, i'm fully focused on what I want to achieve, not just in trading, but in life.
try and reverse that a little..remember..at the screen..you are initiating your plan...nothing more..

after your results..it is what brings life...dont make the screen your life...

I have traded during good times and bad times...remember this..for all you newbies..if you can learn to trade during these times..now...you will feel that good times...will be a walk in the park. Many of the older traders...are pulling your chain in many ways. helping but making you feel at awe..its just time that they learned with time..and pain...and losses..and the best just learned not to make the same mistake over and over...


best of luck
  • #123,742
  • Feb 26, 2009 9:35am Feb 26, 2009 9:35am
Quoting narocc
why GU drop again?
Obama's speech. With the recent news data( GU should be up) and the fine and hopeful speech by the president the market is most likely to be a ranging one; untill a strong reason is seen for it to take a difinite direction. Traders will certainly find it difficult to take a long-term position for the next hours. Scalpers will lose.....or get so little. Methink!
  • #123,743
  • Feb 26, 2009 9:36am Feb 26, 2009 9:36am
Quoting nicotine
long or short ?
my system gave me a signal to go long. any idea?
Long at 14311 S/L 14255 Target 14415 from this table:

http://www.forexfactory.com/showthre...78#post2564778
  • #123,744
  • Feb 26, 2009 9:37am Feb 26, 2009 9:37am
Quoting Shilva
I missed that one...wish i could catch them all!

I did take some profit off the short at 4380

LOL. I was looking at your chart and typing earlier if you would long at 14320 then it hit it so I didn't post it,

saw it go to 14311 and nearly entered myself. if I think I can lock in on a b/e I'll give it a go.

a little to unpredictable at the moment,
  • #123,745
  • Feb 26, 2009 9:37am Feb 26, 2009 9:37am
Quoting goodwings
Obama's speech. With the recent news data( GU should be up) and the fine and hopeful speech by the president the market is most likely to be a ranging one; untill a strong reason is seen for it to take a difinite direction. Traders will certainly find it difficult to take a long-term position for the next hours. Scalpers will lose.....or get so little. Methink!

wise comments goodwings
  • #123,746
  • Feb 26, 2009 9:38am Feb 26, 2009 9:38am
Quoting Si Tr4d3r
I trust little and blame myself for all..

yup.[/quote]

For myself, if I lose, I'll stop from trade for the moment, and always to motivate myself by saying " Today is not my day, tomorrow will be". By doing this, I'm still trading until today without losing or burn up my account. Furthermore, by having this forum, I'll alway learn.
  • #123,747
  • Feb 26, 2009 9:40am Feb 26, 2009 9:40am
Quoting JammerJams
what i am finding out is the currency pair is really crossing all levels..and most anyone can throw a dart and state a supposed target predicted..
the question is to hit it at the right time.

I am hearing Go Long now..I am hearing TL go short..all are right..all are wrong...geesh...

best thing for all new guys..read this stuff..evaluate data...make an educated guess..and call it your own entry...because in the end..it is your entry.

I trust little and blame myself for all..
Thanks JammerJams, I agree! Is anyone else seeing the upward trendline on the 30min and 1hr charts or is it only me? Looks to be holding.
  • #123,748
  • Feb 26, 2009 9:50am Feb 26, 2009 9:50am
Quoting JammerJams
try and reverse that a little..remember..at the screen..you are initiating your plan...nothing more..

after your results..it is what brings life...dont make the screen your life...

I have traded during good times and bad times...remember this..for all you newbies..if you can learn to trade during these times..now...you will feel that good times...will be a walk in the park. Many of the older traders...are pulling your chain in many ways. helping but making you feel at awe..its just time that they learned with time..and pain...and losses..and...
Many thanks JJ, i have learnt a lot since i started out in forex, (started doubling my account on the northern rock crash, must of been luck) and with the guys in the forums, I still have a lot to learn, but the one thing in life i've learnt in my short life so far, is that know matter whts thrown in front of me, I've always bounced back.

Just shorted gbp/jpy @ 141.50, resistance around 141.7 area, already locked stop loss at BE (taken out)
  • #123,749
  • Feb 26, 2009 9:51am Feb 26, 2009 9:51am
Possible H&S forming on the 5, or keep in channel? Seems to have run outa steam...will sit on the sidelines for now....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #123,750
  • Feb 26, 2009 9:51am Feb 26, 2009 9:51am
Quoting JammerJams
wise comments goodwings
Thanks. I tend to know things bcos of YOU....by giving me the thirst to know more.You are the wiser one.
  • #123,751
  • Feb 26, 2009 9:55am Feb 26, 2009 9:55am
Quoting Touchdown
Thanks JammerJams, I agree! Is anyone else seeing the upward trendline on the 30min and 1hr charts or is it only me? Looks to be holding.
i see it...i see the movements..and emotions here...

the statements if it goes long from here become anothers stated predictions..if it holds here it becomes those that state it..

in time...all are right and all are wrong...in time
  • #123,752
  • Feb 26, 2009 9:55am Feb 26, 2009 9:55am
everything works with descretion, thats the problem
  • #123,753
  • Feb 26, 2009 9:58am Feb 26, 2009 9:58am
For short, I only do if goes up untill 1.4454 ! If she goes there I wait for a moment more up ..hmm maybe between 1.4488 - 1.4495 (R1) to get the best level for SCALP !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #123,754
  • Feb 26, 2009 10:01am Feb 26, 2009 10:01am
Quoting manize
For short, I only do if goes up untill 1.4454 ! If she goes there I wait for a moment more up to get the best level for SCALP !
well... we are at a weak trend line..but it is there...Im waiting for it to drop from 4360 to get back in...on pending upward.

if she breaks 4370...it will go to 445x and test that level...that will be a very nice Short...another day..hope to have it happen before friday...and catch it down...to place +BE and let it ride down over weekend.
  • #123,755
  • Feb 26, 2009 10:03am Feb 26, 2009 10:03am
Quoting manize
For short, I only do if goes up untill 1.4454 ! If she goes there I wait for a moment more up ..hmm maybe between 1.4488 - 1.4495 to get the best level for SCALP !
Excellent, that is my level (1.4464) for go long, jaja, how may different analysis and what wonderful if all of us make pips!!
  • #123,756
  • Edited 10:17am Feb 26, 2009 10:09am | Edited 10:17am
Quoting Touchdown
Thanks JammerJams, I agree! Is anyone else seeing the upward trendline on the 30min and 1hr charts or is it only me? Looks to be holding.
The market is presently attempting to break a DOWN-TREND LINE on M30 and H1 downtrend has been broken ....which was the reason many went long some hours ago.
  • #123,757
  • Feb 26, 2009 10:11am Feb 26, 2009 10:11am
if this 1hr holds bearish ..this could sink like a mofo..i favour the short....eur last 4hr hours gave a pin as well

and yesterday bearish dailly is bearish like a mofo as well
  • #123,758
  • Feb 26, 2009 10:14am Feb 26, 2009 10:14am
Quoting nAVIN2007
if this 1hr holds bearish ..this could sink like a mofo..i favour the short....eur last 4hr hours gave a pin as well

and yesterday bearish dailly is bearish like a mofo as well
I agree Navin..

but i do not have a favorite...just trading the trade...if it breaks..then i will be looking at short from 445x levels..with some doubts there too..

but if it holds..we may see a nice drop...testing lower PA and TL
  • #123,759
  • Feb 26, 2009 10:15am Feb 26, 2009 10:15am
My bias up, just went long 1.4350, but already hit + 8 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #123,760
  • Feb 26, 2009 10:18am Feb 26, 2009 10:18am
Quoting nAVIN2007
if this 1hr holds bearish ..this could sink like a mofo..i favour the short....eur last 4hr hours gave a pin as well

and yesterday bearish dailly is bearish like a mofo as well
Price stopped right on the TL at the middle of huge 4hr channel as i was expecting, and had posted in my journal nAVIN. Todays local high breaks and 1.4565 then 1.4666 is on the cards.
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