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Cable Update (GBPUSD)

  • #141,501
  • Jul 1, 2009 2:27am Jul 1, 2009 2:27am
Quoting Zuke
Ok, my first trade of the day has just been filled:

SHORT 6426, SL 6476, TP 6326

Rationale: The 6425-6430 area is previous support that is now resistance. The trend is also confirmed as down on my technicals and hence I am selling into rallies (this rally being from 6381, which easily took out previous support at Murray Math 1/8 line 6418)

I wont be going long until I see a genuine reason to do so...especially as I am a price follower.

Will post a chart when I get to my desk so you can see what I am seeing (sending this post from a phone)...
Mmm...that 6418 level held this time for a bounce up to 6445 area...still not enough for me to consider long, but some food for thought re: me short position. Still patience is the key...lets see how this plays out. I am still biased short and looking to sell into rallies
  • #141,502
  • Jul 1, 2009 2:28am Jul 1, 2009 2:28am
Quoting wormboy
If the current H4 price close below the ltl. We're diving deep. Else, we might consolidate a bit more.

Good luck.
6435 is 38 fibo.... last candle ( H1 ) should close above this level for bullish..

I don't know what i'm doing .....
  • #141,503
  • Jul 1, 2009 2:30am Jul 1, 2009 2:30am
Quoting ubaidahsan
offcourse holding old on but now want to enter again to get out from all losses that is why want to enter again so please advice

Ub
Nice
I still think below 6470 is a good area to short. Just don't succumb to greed, there's the manufacturing pmi data in about an hour from now. You might want to just sit back and wait till after the release. Your call entirely.

Good luck
Thank You
  • #141,504
  • Jul 1, 2009 2:32am Jul 1, 2009 2:32am
Quoting akumelayu
lol..how do u know??? gamble?
look at your chart n stay up to date with news.
Do you think forex not a gamble?
  • #141,505
  • Jul 1, 2009 2:34am Jul 1, 2009 2:34am
Quoting wormboy
You are not helpful.
The Eur Usd thread is where you post rubbish. Not here.
My ignore list grows.
i thot this forum was to help, not lord it over someone because they aren't as smart as others.... IF you know and are successful, why don't you help instead of put down

maybe i got referred to the wrong forum....
  • #141,506
  • Jul 1, 2009 2:37am Jul 1, 2009 2:37am
Quoting Just20pips
look at your chart n stay up to date with news.
Do you think forex not a gamble?
friend, where is your chart ?
  • #141,507
  • Jul 1, 2009 2:37am Jul 1, 2009 2:37am
Quoting trailzend606
i thot this forum was to help, not lord it over someone because they aren't as smart as others.... IF you know and are successful, why don't you help instead of put down

maybe i got referred to the wrong forum....
  • #141,508
  • Jul 1, 2009 2:42am Jul 1, 2009 2:42am
Quoting trailzend606
i thot this forum was to help, not lord it over someone because they aren't as smart as others.... IF you know and are successful, why don't you help instead of put down

maybe i got referred to the wrong forum....

IF you find his "buy during UK session & sell during us session" without a proper chart or insight to the call helpful, then you're right, you got referred to wrong thread.
Thank You
  • #141,509
  • Jul 1, 2009 2:43am Jul 1, 2009 2:43am
I'm just a beginner only here......i don't know what i'm doin'....

but this what i see ...
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  • #141,510
  • Jul 1, 2009 2:43am Jul 1, 2009 2:43am
Quoting trailzend606
i thot this forum was to help, not lord it over someone because they aren't as smart as others.... IF you know and are successful, why don't you help instead of put down

maybe i got referred to the wrong forum....

I would like it can help us,but this is only for opinions from some called traders nothing else, You will never learn forex here.
  • #141,511
  • Jul 1, 2009 2:45am Jul 1, 2009 2:45am
Quoting wormboy
Nice
I still think below 6470 is a good area to short. Just don't succumb to greed, there's the manufacturing pmi data in about an hour from now. You might want to just sit back and wait till after the release. Your call entirely.

Good luck
1.6485 is fibo 50 percent.. best place to short except a breakout happen..
  • #141,512
  • Jul 1, 2009 2:45am Jul 1, 2009 2:45am
Quoting Just20pips
look at your chart n stay up to date with news.
Do you think forex not a gamble?

Nope Forex is not a gamble. Gambling implies throwing your money down blindly and "hoping" it goes your way. When you learn to trade, it's like taking candy from a baby. Just remember the baby has teeth and every so often...you get BIT...LOL
Ghost Rider - WWTBMD?
  • #141,513
  • Jul 1, 2009 2:46am Jul 1, 2009 2:46am
Quoting wormboy
IF you find his "buy during UK session & sell during us session" without a proper chart or insight to the call helpful, then you're right, you got referred to wrong thread.
i was referred to this site because there were supposed to be good traders here who helped. you were one who was supposed to be helpful, not critical.
No, his post was not helpful, but your attitude of being a 'better than you' is just as 'not helpful'

sad... this was once a good forum with a lot of help.
what happened to it
  • #141,514
  • Jul 1, 2009 2:46am Jul 1, 2009 2:46am
Quoting albchr
Nope Forex is not a gamble. Gambling implies throwing your money down blindly and "hoping" it goes your way. When you learn to trade, it's like taking candy from a baby. Just remember the baby has teeth and every so often...you get BIT...LOL
Good post!
  • #141,515
  • Jul 1, 2009 2:47am Jul 1, 2009 2:47am
Quoting Just20pips
look at your chart n stay up to date with news.
Do you think forex not a gamble?
correction, forex is not gamble
u trade based on chart not on luck
  • #141,516
  • Jul 1, 2009 2:49am Jul 1, 2009 2:49am
Quoting trailzend606
i thot this forum was to help, not lord it over someone because they aren't as smart as others.... IF you know and are successful, why don't you help instead of put down

maybe i got referred to the wrong forum....

WB and many others here spend a great deal of time helping new "traders". A shout out like Buy UK and sell US is not only the most ridiculous thing I've ever heard but it helps no one.

Hey WB, where the heck is that ignore button??....
Ghost Rider - WWTBMD?
  • #141,517
  • Jul 1, 2009 2:51am Jul 1, 2009 2:51am
Sell
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  • #141,518
  • Jul 1, 2009 2:53am Jul 1, 2009 2:53am
Quoting trailzend606
i was referred to this site because there were supposed to be good traders here who helped. you were one who was supposed to be helpful, not critical.
No, his post was not helpful, but your attitude of being a 'better than you' is just as 'not helpful'

sad... this was once a good forum with a lot of help.
what happened to it
lol okay. How can I be of help when someone just pop up and make a baseless trade call? Can you? But okay, If the majority residents here find my criticism not helpful to the thread in general, I will take back what I said & I apologise.
The ignore list grows.

Welcome to the thread btw & good luck.
Thank You
  • #141,519
  • Jul 1, 2009 2:57am Jul 1, 2009 2:57am
Quoting sinisabrkic
Sell
Good call... pretty neat.. goodbye to short term bullish ??
  • #141,520
  • Jul 1, 2009 2:58am Jul 1, 2009 2:58am
Quoting albchr
Hey WB, where the heck is that ignore button??....
It's there mate, before this, my "sell" button was awesome. Now it's the ignore button
How are the trades coming along?
Thank You
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