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Cable Update (GBPUSD)

  • #133,681
  • May 21, 2009 9:34am May 21, 2009 9:34am
Quoting deboooo2005
THis Trade was on tuesday .... not all postion i open i put SL but i always look to minmize risk and set my SL @ BE i hope u understand me

by the way i dont leave any position open over 12 hours
Yes...You run a position with a loss of 300 pips since tuesday....then say you buy above 1.5730.....

What's there not to understand? Dude?
Hear the music before the song is over ...
  • #133,682
  • May 21, 2009 9:44am May 21, 2009 9:44am
Quoting GlobalMacro
Yes...You run a position with a loss of 300 pips since tuesday....then say you buy above 1.5730.....

What's there not to understand? Dude?
hello globalmacro any trade now?

Ub
  • #133,683
  • May 21, 2009 9:44am May 21, 2009 9:44am
Quoting GlobalMacro
Yes...You run a position with a loss of 300 pips since tuesday....then say you buy above 1.5730.....

What's there not to understand? Dude?
i think u have some problems in your chart ... this is 15 min chart at this time when i wrote short @ 1.5527 and you watch it go down around 50 pips and i always try to minimize risk so i change my sl to BE (1.5527) and i didnt take profit and it go up and my BE

i have you understand my explain
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  • #133,684
  • May 21, 2009 9:46am May 21, 2009 9:46am
Quoting ubaidahsan
hello globalmacro any trade now?

Ub
Yes...I'm short w/ S&R above 1.5792
Hear the music before the song is over ...
  • #133,685
  • May 21, 2009 9:47am May 21, 2009 9:47am
hi all

by the way my Pending order is excuted ...my TP is 1.5847 this is my view and trade @ your own Risk

which is long above 1.5730
  • #133,686
  • May 21, 2009 9:49am May 21, 2009 9:49am
Quoting deboooo2005
hi all

by the way my Pending order is excuted ...my TP is 1.5847 this is my view and trade @ your own Risk

which is long above 1.5730
so what do you do with your short position from 1.5527 from tuesday when you're long now ?
Hear the music before the song is over ...
  • #133,687
  • May 21, 2009 9:51am May 21, 2009 9:51am
Quoting GlobalMacro
so what do you do with your short position from 1.5527 from tuesday when you're long now ?
read this

http://www.forexfactory.com/showpost...stcount=133689
  • #133,688
  • May 21, 2009 9:52am May 21, 2009 9:52am
Hi Bull Bear,

I am new here and I have VTTrader2 also. Could you tell me what indicator do you have in the bottom of your chart?

Thank you and good luck,
  • #133,689
  • May 21, 2009 9:54am May 21, 2009 9:54am
Quoting deboooo2005
read this

http://www.forexfactory.com/showpost...stcount=133689
ohh so that one was closed on no profit no loss but are u sure that your Long will be successful?


Ub
  • #133,690
  • May 21, 2009 9:56am May 21, 2009 9:56am
Quoting deboooo2005
read this

http://www.forexfactory.com/showpost...stcount=133689

My point is don't throw calls out there without backing it up with stop loss and saying where your position is right now.
Saying you're short from 1.5527 and then buying at 1.5730 is 203 pips loss....PERIOD....don't act like you just opened a fresh new position...that's cheap...what are you trying to achieve with this?
Just straight questions?
But unfortunately no straight answers.......

And where is your SL now on your long @ 1.5730?????????
Hear the music before the song is over ...
  • #133,691
  • May 21, 2009 9:57am May 21, 2009 9:57am
it looks to me to be setting its self up 4 a drop
  • #133,692
  • May 21, 2009 10:01am May 21, 2009 10:01am
Quoting ubaidahsan
ohh so that one was closed on no profit no loss but are u sure that your Long will be successful?


Ub
finally someone understand me

i attached my chart ... as my view ... 1 hour chart gather power to go up

some people see that 1.5730 is short time ... based on it was support and become resistance

but i see that cable break all bearish area ... and USD is weak

maybe they right and i'm wrong ... but this my view depend on my system
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  • #133,693
  • May 21, 2009 10:01am May 21, 2009 10:01am
GBPUSD is in an uptrend on the hourly based on Positive Reversal on RSI. Target is 1.6 and above as long as RSI stays in dashed green RSI channel.
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  • #133,694
  • May 21, 2009 10:04am May 21, 2009 10:04am
Quoting thirtypips
S&R ?????
S&R = stop & reverse
Hear the music before the song is over ...
  • #133,695
  • May 21, 2009 10:04am May 21, 2009 10:04am
Quoting tim1234
it looks to me to be setting its self up 4 a drop
i was looking from the 1day tf
  • #133,696
  • May 21, 2009 10:09am May 21, 2009 10:09am
Morning.

Seems we had some comments from Greenspan and not as much optimism today about the global economic recovery.

The DOW made a double top, the second time on low volume. For those of you who are familiar with VSA (volume spread analysis), the professional money may have lost interest and the DOW may begin falling, which will support USD strength.

I am short 5725 with my SL already at BE. Took the short after opening the chart and seeing the news reaction. That move cleared out alot of stops so if she goes down again there won't be much support to blast through. It retraced to a fib level which overlapped with a support turned resistance level.

Target is 5540 to begin, if it breaks, then 5360 and beyond there 4550.

If she stops out, I'll try another if 5725/40 holds, otherwise as high a price I can get.
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  • #133,697
  • May 21, 2009 10:09am May 21, 2009 10:09am
Quoting tim1234
i was looking from the 1day tf
Chart
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  • #133,698
  • May 21, 2009 10:12am May 21, 2009 10:12am
Quoting jack.canadia
Morning.

Seems we had some comments from Greenspan and not as much optimism today about the global economic recovery.

The DOW made a double top, the second time on low volume. For those of you who are familiar with VSA (volume spread analysis), the professional money may have lost interest and the DOW may begin falling, which will support USD strength.

I am short 5725 with my SL already at BE. Took the short after opening the chart and seeing the news reaction. That move cleared out alot of stops so if she goes down again there won't be much...
Well that was short lived!
  • #133,699
  • May 21, 2009 10:25am May 21, 2009 10:25am
this should be bearish on Eur and give a lift to usd ,i think ,but not always this is hapening ,this makes me wonder what is the best way to trade :after technicals or news????
  • #133,700
  • May 21, 2009 10:30am May 21, 2009 10:30am
Quoting GlobalMacro
S&R = stop & reverse
Thanks GlobalMacro
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