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Cable Update (GBPUSD)

  • #126,261
  • Mar 12, 2009 2:13pm Mar 12, 2009 2:13pm
Quoting albchr
In a word? Can we all say NEW-----BE!! LOL
It's alright bro, all part of the learning curve . What did you lose on?
"The trend is your friend, until the end."
  • #126,262
  • Mar 12, 2009 2:13pm Mar 12, 2009 2:13pm
Quoting Inzider
Any of you have saw/profit from usd/chf whit that 373 pips rally in 15 min?! Dam....

Took 38 off the top, was tuff to get in and out of, moving so fast....

Tried to exit @ +68, tried 3x and was back to -7, waited and finally exited.

Heart in my throat, adrenaline rush....was a real pant pisser for sure!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #126,263
  • Mar 12, 2009 2:13pm Mar 12, 2009 2:13pm
Quoting Forbes55
time to short this thing where it should be!
Why would you short now? It just broke 1.3900...
  • #126,264
  • Mar 12, 2009 2:15pm Mar 12, 2009 2:15pm
Quoting Inzider
I know what you mean.
Any trade that is out of the system or counter trend should be done whit tight SL.
yep it's doing it's pause /dither/bolt thing again

taint over til it wants to be

1.65 here we come...(eventually)
  • #126,265
  • Mar 12, 2009 2:15pm Mar 12, 2009 2:15pm
A classic case of a bullish divergence that I failed to see at 14:30 GMT shown on the chart below.. the 15 minute candles made new lows.. but the MACD failed to do so.. Ah well.. I know for next time..

LOOK for MACD divergence

It looks like the 15 min candle has opened beyond the daily pivot 1st support line.. so there may be more of a move to the next pivot resistance line at 14029
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (12-MAR-09).png Size: 21 KB
_______________ Say Good-bye to Buy-and-Hold
  • #126,266
  • Mar 12, 2009 2:18pm Mar 12, 2009 2:18pm
The GBP is getting a lot of its steam due to the GBP/CHF too as the Swiss Bank announced a rate cut and it looks like they are selling the CHF to buy GBP.
_______________ Say Good-bye to Buy-and-Hold
  • #126,267
  • Mar 12, 2009 2:18pm Mar 12, 2009 2:18pm
Oh....how nice to have a bit of pound upside for a change! (even if it is only a bear rally...) I was starting to feel suicidal with all this selling....I think some of the institutionalised shorters on this thread will need psychological rehabilitation when the big turn around really comes......
  • #126,268
  • Mar 12, 2009 2:20pm Mar 12, 2009 2:20pm
Quoting Magix
Took 38 off the top, was tuff to get in and out of, moving so fast....

Tried to exit @ +68, tried 3x and was back to -7, waited and finally exited.

Heart in my throat, adrenaline rush....was a real pant pisser for sure!
No doubt!
Crazy thing!
------------

That bull rally is killing me!
250 pips whit no retracement...
Correct it geez!
  • #126,269
  • Mar 12, 2009 2:22pm Mar 12, 2009 2:22pm
Quoting ForexRookie
It's alright bro, all part of the learning curve . What did you lose on?
Well...lol...I was doing quite nicely all morning trading up and down between 3705 and 3830. So I had my last buy point at 3705 but it only reached 3708 and started up. I said "that's OK, I'll wait for it to hit my sell limit at 3830" and SURELY it will come down"...LOL...NOT.

I hadn't set a stop loss as I sit here watching it all the time. Well, my platform lost connection and by the time it came back, it was at 3878. SOOOO, I figured, SURELY it will come down and took another short there. WHOOPS!!

Shame to because last night I set a sell limit at 3915 and woke to a very nice morning. Oh well, it's the BUMPS we learn the most from right? LOL
Ghost Rider - WWTBMD?
  • #126,270
  • Mar 12, 2009 2:24pm Mar 12, 2009 2:24pm
surely it will come down during asians
ROBOT FOREX
  • #126,271
  • Mar 12, 2009 2:27pm Mar 12, 2009 2:27pm
so. any takers?
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 87 KB
Thank You
  • #126,272
  • Mar 12, 2009 2:29pm Mar 12, 2009 2:29pm
Quoting Forbes55
surely it will come down during asians
Let's all hold our hands!
http://mystical-connections.com/myst...riendslogo.png

-----------------
Shorted at 20....
Maby Dow close will do the job...
  • #126,273
  • Mar 12, 2009 2:31pm Mar 12, 2009 2:31pm
Quoting Abuawad
I can't see it even tomorrow.
check the news calender for US tomorrow...
sorry, i don't care about news calender.. candle stick pattern it's easy to me.
now HIT TP 13940 and TP 13990 was removed. Btw thanks for your informations.
  • #126,274
  • Mar 12, 2009 2:33pm Mar 12, 2009 2:33pm
Quoting wormboy
so. any takers?
i'll wait for the MACD to cross before making a rash decision like that wormboy... been stung one too many times by impulse decisions.
_______________ Say Good-bye to Buy-and-Hold
  • #126,275
  • Mar 12, 2009 2:35pm Mar 12, 2009 2:35pm
Quote
surely it will come down during asians

Well ya know? I'm actually going to hold them both. It's a demo and I'm curious to see if it will come back. So many times I've had trades in the minus and got out only to find they would have paid off.

So Dam the torpedo's, it's PROFIT or BUST now...LOL. (only on a demo of course) http://www.forexfactory.com/images/icons/icon11.gif
Ghost Rider - WWTBMD?
  • #126,276
  • Mar 12, 2009 2:37pm Mar 12, 2009 2:37pm
Quoting wormboy
so. any takers?

....I think some of the institutionalised shorters on this thread will need psychological rehabilitation when the big turn around really comes......
  • #126,277
  • Mar 12, 2009 2:42pm Mar 12, 2009 2:42pm
Quoting deltaworld
i'll wait for the MACD to cross before making a rash decision like that wormboy... been stung one too many times by impulse decisions.
Okay
Thank You
  • #126,278
  • Mar 12, 2009 2:43pm Mar 12, 2009 2:43pm
Quoting wormboy
so. any takers?
My sell button went with you bro! I'm in at 3930.
Just digging in the trenches like everyone else!
  • #126,279
  • Mar 12, 2009 2:44pm Mar 12, 2009 2:44pm
Quoting Forbes55
surely it will come down during asians
If an Asian moves to Cork, will he get on with the Caucasians ?

Becoming an institutionalised shorter like you and I is so dangerous when it turns, and I reckon that 'adapt or die out' is something I have to tell myself every day and BEFORE every trade

So far so good

It's a moment of revelation like not contradicting your wife - you gain nothing and she still wont be able to think like a man - so it's counter productive
  • #126,280
  • Mar 12, 2009 2:47pm Mar 12, 2009 2:47pm
Quoting derek
guys, buy up to 1.3980, further need to sell
My apologies to Derek. Looks like we're well on the way to exactly what he suggested. Egg ALL OVER my face...lol
Ghost Rider - WWTBMD?
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