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Cable Update (GBPUSD)

  • #129,801
  • Apr 17, 2009 10:19am Apr 17, 2009 10:19am
Guys I'm new here, please let me know if it it's a down trend where it will go down? if it's up when direction will change?
Thanks
  • #129,802
  • Apr 17, 2009 10:28am Apr 17, 2009 10:28am
Quoting MantaRedSea
Guys I'm new here, please let me know if it it's a down trend where it will go down? if it's up when direction will change?
Thanks
IMO I would believe 4700/4720 area but no one really knows.
  • #129,803
  • Apr 17, 2009 11:10am Apr 17, 2009 11:10am
imo price will go up a bit possible 1.4820++
next week we can expect to see 1.4720, below this price
i am targetting somewhere 1.4420

have a nice weekend !!
  • #129,804
  • Apr 17, 2009 11:14am Apr 17, 2009 11:14am
Hello smart people!!
I was hoping to get out at around 1.47 too but after 170 pip gain I decided to close my lots at 1.48 instead. I am looking for long at around 1.479. I hoping for a quick 50 pips on the upside here.

Am I crazy to find the trend??
  • #129,805
  • Apr 17, 2009 11:24am Apr 17, 2009 11:24am
Guys, I had 2 buy trades at 1.4970 and 1.4950 before 2 days still open.
then I made 2 sell trades at 1.4770 and 1.4775 to avoid the margin call if went down. anybody can advice?
hard week, huh?
  • #129,806
  • Apr 17, 2009 11:36am Apr 17, 2009 11:36am
I don't really know what you can do. For the future, never buy at the tops and sell at the bottoms.
  • #129,807
  • Apr 17, 2009 11:40am Apr 17, 2009 11:40am
maybe I was confused when all said that it will go down to 4720 then I'll get the bloody margin call. so the best way was to make this this 2 sell trades to avoid it. now don't know what to do. :o(
  • #129,808
  • Apr 17, 2009 11:42am Apr 17, 2009 11:42am
Quoting MantaRedSea
Guys, I had 2 buy trades at 1.4970 and 1.4950 before 2 days still open.
then I made 2 sell trades at 1.4770 and 1.4775 to avoid the margin call if went down. anybody can advice?
hard week, huh?
Why you marry your trades ? Close and start over. trend still down till 1.4515 at least
  • #129,809
  • Apr 17, 2009 11:45am Apr 17, 2009 11:45am
Quoting Terminale
Why you marry your trades ? Close and start over. trend still down till 1.4515 at least
how to close ? if I'll close the 2 buy trades I'll lose 50% of my money. hard to do that I think. still have mini account.
  • #129,810
  • Apr 17, 2009 12:01pm Apr 17, 2009 12:01pm
Quoting Terminale
Why you marry your trades ? Close and start over. trend still down till 1.4515 at least
Are you sure that it's going to 1.4515 before end of this week? is it possible?
  • #129,811
  • Apr 17, 2009 12:08pm Apr 17, 2009 12:08pm
Quoting MantaRedSea
Are you sure that it's going to 1.4515 before end of this week? is it possible?
IT CAN OR CANNOT IT'S ON THE EDGE. YOU SHOULD BETTER SELL AT THE 1.5XX. NEXT WEEK WILL BE CRITICAL FOR POUND. THIS WEEK WAS GOOD +572 PIPS. HAVE A NICE WEEKEND.
  • #129,812
  • Apr 17, 2009 12:09pm Apr 17, 2009 12:09pm
sorry to disturb you guys, but what about to keep the sell trades till the bottom at 1.4515 then close it and wait for the correction when up trend will start? to finish it with the minimum lose?
  • #129,813
  • Apr 17, 2009 12:11pm Apr 17, 2009 12:11pm
Quoting Tmac
Here's Cable long term outlook with Delta - LTD chart.
Another low for cable this year still can not be ruled out yet because we still do not know whether Super Long Term Delta 2 has arrived at LTD 14 or not.

From analysis of Delta LTD chart and looking back at previous cycles, these are the observations:

1. In the previous 2 cycles, LTD 15 was due in the period of March - April. If the pattern repeats again this year, we could expect LTD 15 high to be due this month too, and this means that the current rally may be short lived. Delta howerver...
Could you provide an up date to you delta count.
This is identical to someone elses i Know. Word for word, copy and paste.
WOW what can we say ?
  • #129,814
  • Apr 17, 2009 12:12pm Apr 17, 2009 12:12pm
Quoting MantaRedSea
sorry to disturb you guys, but what about to keep the sell trades till the bottom at 1.4515 then close it and wait for the correction when up trend will start? to finish it with the minimum lose?
Try that. Next time, don't take trades without confirmation.
  • #129,815
  • Apr 17, 2009 12:14pm Apr 17, 2009 12:14pm
thanks Jack, but this is my first day here in this forums. sure I'll keep visiting this nice place before trade
  • #129,816
  • Apr 17, 2009 12:30pm Apr 17, 2009 12:30pm
Quoting FlaGordon
Could you provide an up date to you delta count.
This is identical to someone elses i Know. Word for word, copy and paste.
WOW what can we say ?
If my chart is correct 1.31/2 could be seen. this year.
  • #129,817
  • Apr 17, 2009 12:36pm Apr 17, 2009 12:36pm
  •  zykas
  • | Joined Oct 2008 | Status: ... measure thrice, but cut once | 196 Posts
Quoting MantaRedSea
sorry to disturb you guys, but what about to keep the sell trades till the bottom at 1.4515 then close it and wait for the correction when up trend will start? to finish it with the minimum lose?
Can your margin carry it?. Its not the best to drive the wrong road with
little gas.Cut it . IMO!!!!
I like the Big Dogs because I trade like them
  • #129,818
  • Apr 17, 2009 12:45pm Apr 17, 2009 12:45pm
Quoting zykas
Can your margin carry it?. Its not the best to drive the wrong road with
little gas.Cut it . IMO!!!!
zykas, I had 2 buy trades at 1.4970 and 1.4950 before 2 days still open.
then I made 2 sell trades at 1.4770 and 1.4775 to avoid the margin call if went down.
what I'm thinking to do now to keep the 2 sell trades till the bottom of the down trend, then wait for the correction to close the 2 buy trades up.
What do you think?
  • #129,819
  • Apr 17, 2009 12:56pm Apr 17, 2009 12:56pm
problem is nobody can say whats the next direction during the next hour
  • #129,820
  • Apr 17, 2009 1:00pm Apr 17, 2009 1:00pm
  •  zykas
  • | Joined Oct 2008 | Status: ... measure thrice, but cut once | 196 Posts
Quoting MantaRedSea
zykas, I had 2 buy trades at 1.4970 and 1.4950 before 2 days still open.
then I made 2 sell trades at 1.4770 and 1.4775 to avoid the margin call if went down.
what I'm thinking to do now to keep the 2 sell trades till the bottom of the down trend, then wait for the correction to close the 2 buy trades up.
What do you think?
All your trade have been activated . You are more than -160 pips on one buy. Its not so good. Secondly this is weekend and if price gap down , thats more problem. I do not know your margin. I tell you its precarious.
I like the Big Dogs because I trade like them
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