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Cable Update (GBPUSD)

  • #137,461
  • Jun 16, 2009 4:59am Jun 16, 2009 4:59am
Quoting MoeFx
yes i meant 1.6500, there is nothing to prove, im not 100% sure.
Why did you say , 'the market is setting up for a hard drop once it clears 1.6500'?
Probability Professor
  • #137,462
  • Jun 16, 2009 5:04am Jun 16, 2009 5:04am
Quoting Galation
Why did you say , 'the market is setting up for a hard drop once it clears 1.6500'?
when you take a trade you base your decitions off of something, i base my decitions off my trading system, thats all im saying.
  • #137,463
  • Jun 16, 2009 5:08am Jun 16, 2009 5:08am
short @ 1.6440 ..... SL 1.6590...... TP..... 1.5850
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #137,464
  • Jun 16, 2009 5:10am Jun 16, 2009 5:10am
We are now at daily high 1.6442 looks like flight are going to landing to the track. Any coment guys?
GELORE
  • #137,465
  • Jun 16, 2009 5:13am Jun 16, 2009 5:13am
Quoting Bull_Bear
short @ 1.6440 ..... SL 1.6590...... TP..... 1.5850
you ain't wasting no time, your shooting for the big one right out the gate i will be there with you once i get confirmation right now im long at 1.6220 t/p 1.6660, s/ 1.6134.
  • #137,466
  • Jun 16, 2009 5:19am Jun 16, 2009 5:19am
Quoting ubaidahsan
hey bro WORMBOY where are you what is next to do no i am out from my short and long what i next now?please update us about short or long

Ub
Hi Ub,

You ask for direction or you ask for trade? My advise is to trade by your own chart and MM (how far you can go if trade against your call). Some trader need fast money plus fear factor that make them loss.. Learning process is a must. (I say to myself as well)

As for me while I look for long term signal is bullish (weekly chart). The safest trade is bullish for me (may be I'm wrong). May be for others it is different. I took long @ 1.6279 & [email protected]. (I won 600 pips early this month. 300 pips to be loss is OK for me) It is depend on us... stick with our plan.

But it is very strange recently the candlestick pattern suck!

regards,
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  • #137,467
  • Jun 16, 2009 5:19am Jun 16, 2009 5:19am
any sign of weaknest im out and holding my cards for a good set-up to go short, im not trading just to be trading you have to play the hand your dealt.
  • #137,468
  • Jun 16, 2009 5:24am Jun 16, 2009 5:24am
Quoting Bull_Bear
short @ 1.6440 ..... SL 1.6590...... TP..... 1.5850


Tho I'm in this one for a "quickie"
http://www.forexfactory.com/showpost...postcount=1383

Good luck buddy.
Thank You
  • #137,469
  • Jun 16, 2009 5:26am Jun 16, 2009 5:26am
Quoting musani
We are now at daily high 1.6442 looks like flight are going to landing to the track. Any coment guys?
Im waitting if there is a good sign for the 4hr to get down more then, or not im long.
GELORE
  • #137,470
  • Jun 16, 2009 5:29am Jun 16, 2009 5:29am
Quoting wormboy


Tho I'm in this one for a "quickie"
http://www.forexfactory.com/showpost...postcount=1383

Good luck buddy.
Didn't think quickies was your style mate...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #137,471
  • Jun 16, 2009 5:31am Jun 16, 2009 5:31am
I think its strongly bullish pattern 1.425 is better area for short anyone ?
  • #137,472
  • Jun 16, 2009 5:32am Jun 16, 2009 5:32am
im looking for the daily high at the moment to be broken when u.s. open, going long or short with no confirmation is a dagerous game we can't afford to loose.
  • #137,473
  • Jun 16, 2009 5:34am Jun 16, 2009 5:34am
Quoting Bull_Bear
Didn't think quickies was your style mate...
You know what it's like when it's tight
Anyway, let's see how this goes
Thank You
  • #137,474
  • Jun 16, 2009 5:35am Jun 16, 2009 5:35am
Quoting Gainmoney
Hi guys, need help! can we still see 162? I shorted at 16220 today and thought i could make like 50 pips but it run bullish like crazy. Or should i just close my trade? Need advice thank you once again forex gurus.
I don't use a fixed SL all the time either, but use hedge strategy (6mos now)--this takes great emotional patience (imho) with a fixed SL I lost too much to stop hunts

I take losses, but for me there is a difference between using a fixed SL that is still within an valid s/r line. or knowing when to take a loss. I also only trade very small sizes on "swing trades" or forum biases...

I trade larger sizes when I scalp or intraday trade. Overall I have a very small acct - as I'm still very new...

I have found there are advantages to hedging, esp with small accts as it retains your margin for "clean trades" I wish I had some links to share on hedging, but I don't- I learned through the school of hard knocks.

Just don't over hedge (I use same size), I have some sells open but my hedge won't open to 1.6480. I also try to recover all my hedge losses in 36hrs of scalping, so either ways I win ,and of course knowing when to close a hedge could be more of a gamble as well
  • #137,475
  • Jun 16, 2009 5:35am Jun 16, 2009 5:35am
Quoting Bull_Bear
short @ 1.6440 ..... SL 1.6590...... TP..... 1.5850

Sorry guys, I'm out of short trade @ BE, reversing long @ same price 1.6440. Signal change.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #137,476
  • Jun 16, 2009 5:36am Jun 16, 2009 5:36am
Quoting MoeFx
... with no confirmation is a dagerous game we can't afford to loose.
I can
Thank You
  • #137,477
  • Jun 16, 2009 5:37am Jun 16, 2009 5:37am
Quoting Bull_Bear
Didn't think quickies was your style mate...
getting in and out might be better at the moment, for a quick 35-50 pips stay in to long you might get burnt.
  • #137,478
  • Jun 16, 2009 5:37am Jun 16, 2009 5:37am
Quoting wormboy
You know what it's like when it's tight
Anyway, let's see how this goes
Had to reverse to long bro.... TS talking now
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #137,479
  • Jun 16, 2009 5:38am Jun 16, 2009 5:38am
Quoting Bull_Bear
Sorry guys, I'm out of short trade @ BE, reversing long @ same price 1.6440. Signal change.
Booooo
Thank You
  • #137,480
  • Jun 16, 2009 5:38am Jun 16, 2009 5:38am
Quoting wormboy
I can
you like loosing
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