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Cable Update (GBPUSD)

  • #130,701
  • Apr 29, 2009 9:07am Apr 29, 2009 9:07am
Quoting kanji
Wormboy, my friend, Dont think me as a newbei according to my post rate I am in forex or about 5 months, firs t I blew up 2 accounts at damn ACM because of their spread strategy and lot setup, then I opened my account on another broker fxsol, and preparing my lots better and unriky with murray math entries and outs and I have 99 percentage of succesful trades, Just one trade still open from 91 usdyen sell I wish it will come there in couple of months too. anyway have good pips and we require your charts and tech analysis as I read you mostly...
Nope, didn't judge you by your post count. I'm new to the factory too.
I'm not succesful btw, won't be here at a forum if I was. I got luck on my side most of the time through my learning & sharing trade experience here at the factory
You have a good one buddy
Thank You
  • #130,702
  • Apr 29, 2009 9:09am Apr 29, 2009 9:09am
Quoting Bull_Bear
UB, thats the target my friend... stay with the trend unless it changes.

It's not unrealistic either, it is just below resistence 1.4920 which is R3..

Hope u had your short off the table
you are genius man i really miss it my pending order was at 4680 and i am surprised market returned from 88 its bad luck but better luck next time if i got chance so will go long again otherwise will wait for US Federal Funds Rate data and then will decide where to go but keep post here in advance it will be highly appreciated

Ub
  • #130,703
  • Apr 29, 2009 9:12am Apr 29, 2009 9:12am
Quoting Bull_Bear
Thats right Wormboy..... Trend trading and stop losses are the very first thing they should learn to conquer. Conquer it than they will start to be successful.

Veni, Vidi, Vici (We came, we saw, we conquered)
Aye, agreed. But in my case, that's the first & the only thing that matters mate
Thank You
  • #130,704
  • Apr 29, 2009 9:13am Apr 29, 2009 9:13am
Quoting ubaidahsan
you are genius man i really miss it my pending order was at 4680 and i am surprised market returned from 88 its bad luck but better luck next time if i got chance so will go long again otherwise will wait for US Federal Funds Rate data and then will decide where to go but keep post here in advance it will be highly appreciated

Ub
No genius my friend, just simple Support/Ressistence Trading and keeping with the trend.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,705
  • Apr 29, 2009 9:13am Apr 29, 2009 9:13am
Quoting wormboy
Aye, agreed. But in my case, that's the first & the only thing that matters mate
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,706
  • Apr 29, 2009 9:28am Apr 29, 2009 9:28am
I also do without SL and feel more comfortable. I use 2-3% of capital and make 2-5 trades a month that bring 500-900 pip monthly. I don't know whether this approach is good in terms of money management but it is the only way i can trade profitably.
  • #130,707
  • Apr 29, 2009 9:48am Apr 29, 2009 9:48am
Quoting LAO
I also do without SL and feel more comfortable. I use 2-3% of capital and make 2-5 trades a month that bring 500-900 pip monthly. I don't know whether this approach is good in terms of money management but it is the only way i can trade profitably.
2-5 trades a month, I'd be on the golf course hitting the silly white ball rather than hanging out in this forum.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,708
  • Apr 29, 2009 10:30am Apr 29, 2009 10:30am
GU 1H possible double top formation
  • #130,709
  • Apr 29, 2009 10:32am Apr 29, 2009 10:32am
Quoting rb26dett
GU 1H possible double top formation
Inverted H&S on 4hourly. Price testing neckline atm. Good luck
Thank You
  • #130,710
  • Apr 29, 2009 10:38am Apr 29, 2009 10:38am
Quoting Mr.Sabah
How about this..
This could work out.
Probability Professor
  • #130,711
  • Apr 29, 2009 10:39am Apr 29, 2009 10:39am
Quoting Bull_Bear
Here's a reminder my friend.... entered long @ 1.4705.... TP 1.4905
Target is still on...... Bed time for me.

Trade well
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,712
  • Apr 29, 2009 10:45am Apr 29, 2009 10:45am
Quoting wormboy
Inverted H&S on 4hourly. Price testing neckline atm. Good luck
Hey Azim,

When's the big day?? You better not be trading and communicating with this forum via your Blackbery!! Start as you mean to go on, eh?

Nice cable long btw.... What a day, what a trend...

Paul (passing on his warmest congratulations)
  • #130,713
  • Apr 29, 2009 10:54am Apr 29, 2009 10:54am
Quoting gammase1
Hey Azim,

When's the big day?? You better not be trading and communicating with this forum via your Blackbery!! Start as you mean to go on, eh?

Nice cable long btw.... What a day, what a trend...

Paul (passing on his warmest congratulations)
Paul!
DDay is on Friday bro & thanks for the wish I just had a very busy day & I'm ready to hit the sack, just thought I'd chit chat myself to sleep! lol
Yup, thanks bro, I'm just waiting for my $

Take care brother & trade safe!
Thank You
  • #130,714
  • Apr 29, 2009 12:19pm Apr 29, 2009 12:19pm
Perhaps, for some reason, PA is looking like everyone is waiting for FOMC statement. Not sure why though, .... what can they say that is not anticipated? I expect more movement with the HPI data late tonight/early AM out of the UK... and possibly US job data.

For now, it looks toppish, but this pair can fool sometimes
  • #130,715
  • Apr 29, 2009 12:19pm Apr 29, 2009 12:19pm
PS, where did jack canadia and pipland go?? :O
  • #130,716
  • Apr 29, 2009 12:38pm Apr 29, 2009 12:38pm
You basically answer the question already in bold. That is exactly what traders are waiting for.....the unexpected/unanticipated. We all know what already expected and market already price this in. Now if the statement come out unexpectedly different, then traders will adjust their positions and that is when you will see movement, volatile one too.


Quoting smartalicus
Perhaps, for some reason, PA is looking like everyone is waiting for FOMC statement. Not sure why though, .... what can they say that is not anticipated? I expect more movement with the HPI data late tonight/early AM out of the UK... and possibly US job data.

For now, it looks toppish, but this pair can fool sometimes
  • #130,717
  • Apr 29, 2009 12:38pm Apr 29, 2009 12:38pm
Quoting smartalicus
Perhaps, for some reason, PA is looking like everyone is waiting for FOMC statement. Not sure why though, .... what can they say that is not anticipated? I expect more movement with the HPI data late tonight/early AM out of the UK... and possibly US job data.

For now, it looks toppish, but this pair can fool sometimes
A more aggressive approach to QE than the timetable currently discounted by the market.... Look at what happened to the dollar, govt bonds and stocks when the Fed confirmed it would implement QE - the nuclear option.
  • #130,718
  • Apr 29, 2009 12:46pm Apr 29, 2009 12:46pm
Hi all,

I'm new in this forum and I love the cable such as you, I hope to learn more here and contribute my thoughts...

now, what do you think about 4800 level? is cable possible to break it?! As you know this is a strong resistance and cable didn't succeed to breake it 5 times since last week...
  • #130,719
  • Apr 29, 2009 1:06pm Apr 29, 2009 1:06pm
Quoting gammase1
A more aggressive approach to QE than the timetable currently discounted by the market.... Look at what happened to the dollar, govt bonds and stocks when the Fed confirmed it would implement QE - the nuclear option.

yah, i definitely remember that!
  • #130,720
  • Apr 29, 2009 1:12pm Apr 29, 2009 1:12pm
Quoting smartalicus
PS, where did jack canadia and pipland go?? :O
hey .. i'll be around more next week.

i'm in the process of moving to a new place .. my current lease is up soon!
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