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Cable Update (GBPUSD)

  • #130,421
  • Apr 23, 2009 11:44am Apr 23, 2009 11:44am
That's good advise jack
Thank You
  • #130,422
  • Apr 23, 2009 11:48am Apr 23, 2009 11:48am
i dont know what to do right now...
some hanging transaction (sell) make me a bit panic
- Always pray on your trading - God know the best for everyone
  • #130,423
  • Apr 23, 2009 11:51am Apr 23, 2009 11:51am
"WORMBOY...I do. The bullish harami was the first sign that the retracement coming to an end. One just needed to be patient & wait for the bulls to build strength & trade the direction instead of guessing & making silly trades of going against the momentum. ( this isn't directed towards you & guys who scalp btw). Should price close above 4700, bears will be crushed."

Sorry don't know how to do the quote thingy, thanks...have heard of the harami, but don't really know enough to recognize, back to 'pring' Bit late, with my now clued up retrace....I'm excellent with the benefit of hidnsight, not so good in the here and now...I get kind of swayed by the majority saying this is it, back to major trend lows, not directed at this thread, every pundit on fx factory, fx sites has said this is the resumption of downtrend when the bull channel got violated. If get the chance tomorrow and price circumstances dictate will buy the lows - good luck
  • #130,424
  • Apr 23, 2009 11:57am Apr 23, 2009 11:57am
Quoting kingindian
i dont know what to do right now...
some hanging transaction (sell) make me a bit panic
Use stop losses!

I'd rather have 10 small losers before I catch a nice winner (even this scenario pisses me off!) haha.

If it breaks above 4700 I recommend closing it if you want to hold it now. So far, you are good.

If price gets back to your entry, set a stop to take you out if it gets much higher!
  • #130,425
  • Apr 23, 2009 12:05pm Apr 23, 2009 12:05pm
Quoting annieb
I get kind of swayed by the majority saying this is it
Don't.

Quoting annieb
back to major trend lows, not directed at this thread, every pundit on fx factory, fx sites has said this is the resumption of downtrend when the bull channel got violated.
Maybe they're right, but you should leave the predicting to the amateurs. Good traders only worry about their account and trade the direction that's shown

Good luck
Thank You
  • #130,426
  • Apr 23, 2009 12:21pm Apr 23, 2009 12:21pm
Next stop for G/U is 1.4771. Trading above the 10 ema & rsi on the rise. This looks like it's going up.
  • #130,427
  • Apr 23, 2009 12:24pm Apr 23, 2009 12:24pm
Quoting kingindian
i dont know what to do right now...
some hanging transaction (sell) make me a bit panic
relax,im in the same shit as u short from 4480,dont even ask the power whent out and latter i thought its gonna come back and so on,im guessing i have to wait on it now
  • #130,428
  • Apr 23, 2009 12:26pm Apr 23, 2009 12:26pm
Quoting ferndog
Next stop for G/U is 1.4771. Trading above the 10 ema & rsi on the rise. This looks like it's going up.
Could also be in for a retracement from the rise.

All depends on the 4700 level!
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  • #130,429
  • Apr 23, 2009 12:31pm Apr 23, 2009 12:31pm
just trying to calculate my chance

so i set up some buy and sell....now

whether it goes up or down, then there will be no problem (neutral...)

sounds crazy...but i think its best for now
no profit no loss

and i can take a rest

almost 12 hours with this forex thing...
- Always pray on your trading - God know the best for everyone
  • #130,430
  • Apr 23, 2009 12:37pm Apr 23, 2009 12:37pm
Quoting kingindian
just trying to calculate my chance

so i set up some buy and sell....now

whether it goes up or down, then there will be no problem (neutral...)

sounds crazy...but i think its best for now
no profit no loss
No it's not the best. You'll only be locking your losses. I don't see the point in doing so. If you're certain that price will pull back down just stick with your short position, if you see that price is going to go higher just close your short position and go long. If you're not certain of anything, just close your trade and get that rest. Come back again later, there's always another trade.

Just my humble opinion. Good luck
Thank You
  • #130,431
  • Apr 23, 2009 12:44pm Apr 23, 2009 12:44pm
M2 pivot to M4 pivot .. how typical! I should have still been long from 4460's! ha!
  • #130,432
  • Apr 23, 2009 12:54pm Apr 23, 2009 12:54pm
will not. that was a strong word, pissed those bulls off bad
Thank You
  • #130,433
  • Apr 23, 2009 12:55pm Apr 23, 2009 12:55pm
Quoting jack.canadia
Could also be in for a retracement from the rise.

All depends on the 4700 level!
Need a rise at least to 1.4740 which is one of the levels on the chart or 1.4750. The rest would be gravy.
Attached Image (click to enlarge)
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  • #130,434
  • Apr 23, 2009 1:00pm Apr 23, 2009 1:00pm
Well thats the trading day for ya folks!

Some gains today, could have been alot more. Such is life!

See you at 03:00 GMT!
  • #130,435
  • Apr 23, 2009 1:01pm Apr 23, 2009 1:01pm
I've just made my exponent MA 200 for Last Resistance for daily Up today
at 1.4768-1.4770...
so after that probably retrace 100 pips down before continues for freaky
Friday soon meet 1.5xxx

What do You think Guy's while my Ichimoku confirm from down to high as well
The Ottelo way's find the mutual system to wins
  • #130,436
  • Apr 23, 2009 1:32pm Apr 23, 2009 1:32pm
A struggle appears here , calm glancing is needed at this level
Price has to retrace to begin a new decline or has to enter again the previos broken ascending channel
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  • #130,437
  • Apr 23, 2009 1:50pm Apr 23, 2009 1:50pm
I buy gu at 1.4730 for 1.5000.Anybody FAVOUR my this trade.
  • #130,438
  • Apr 23, 2009 2:51pm Apr 23, 2009 2:51pm
Quoting aspirin1975
I buy gu at 1.4730 for 1.5000.Anybody FAVOUR my this trade.
it would be better at 1.46xx entering Long
The Ottelo way's find the mutual system to wins
  • #130,439
  • Apr 23, 2009 3:01pm Apr 23, 2009 3:01pm
Quoting ottelo
it would be better at 1.46xx entering Long
yap u right till UK session market can touch 46 or 4500

Ub
  • #130,440
  • Apr 23, 2009 3:04pm Apr 23, 2009 3:04pm
Quoting Bull_Bear
No take on it mate, cos GBP/US was lagging in price compared to EUR/US, just looking at reasons why its lagging and the correaltion between the pairs.

Cable holding long..... TP 1.4700 SL 1.4480
EUR holding long.... TP 1.3115 SL @ BE 1.3000 now - adjusted

It's slow going but.... for the GBP that is
Top to the morning to Ya All. For those that held long nice pipin......

GBP +150pips
EUR +115pips

Bias for cable is up.... look for retrace to buy again
Veni, Vidi, Vici (We came, we saw, we conquered)
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