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Cable Update (GBPUSD)

  • #144,781
  • Jul 9, 2009 11:21am Jul 9, 2009 11:21am
Quoting jack.canadia
didnt close above the 4h 200 sma .. still bearish in the big picture .. and large thrust higher negates this though
Taking the plunge Jack. Short @ 6303 3 lots.

Not advice folks!! I Been getting my butt kicked all day on shorts....LOL

EDIT: Well that lasted a long time...LOL...out again...jeezzzzzz
Ghost Rider - WWTBMD?
  • #144,782
  • Jul 9, 2009 11:21am Jul 9, 2009 11:21am
Quoting Angelina
clear uptrend on London session. I think with UK rate hold and good news for stocks tomorrow we will see 63xx. But 4h chart still see downtrend hope she will go down.

GL all

Angelina.

she is going just like what i said lolz.


Angelina.
  • #144,783
  • Jul 9, 2009 11:22am Jul 9, 2009 11:22am
Quoting jack.canadia
didnt close above the 4h 200 sma .. still bearish in the big picture .. and large thrust higher negates this though

A move like this ( without further news ), will likely continue into friday as this much momentum is hard to stop, then it'll create a flat ranged market as no one will want to buy at those levels or sell after that move.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #144,784
  • Jul 9, 2009 11:27am Jul 9, 2009 11:27am
[quote=Turveyd;2862883]Okay what percentage of your account is gone ???

What was your planned Max Loss / SL value ??



I'm using SL/TP. I opened my position yesterday 10 pm my time (1 hour before NY close). I went sleep, when I woke up I was shocked. I lost 60% of my account. I thought market was in down trend and that up rallies were not important.
My SL was 90, TP 55 pips.
  • #144,785
  • Jul 9, 2009 11:30am Jul 9, 2009 11:30am
[quote=altair;2862945]
Quoting Turveyd
Okay what percentage of your account is gone ???

What was your planned Max Loss / SL value ??



I'm using SL/TP. I opened my position yesterday 10 pm my time (1 hour before NY close). I went sleep, when I woke up I was shocked. I lost 60% of my account. I thought market was in down trend and that up rallies were not important.
My SL was 90, TP 55 pips.
If your SL was 90 (pips?), you should have been out at 6145...no?
Ghost Rider - WWTBMD?
  • #144,786
  • Jul 9, 2009 11:31am Jul 9, 2009 11:31am
I just closed my second short posiotion as you mates told me. To late.
  • #144,787
  • Jul 9, 2009 11:31am Jul 9, 2009 11:31am
6375 is resistance here. let see some pips , target 45 pips ;D

Angelina.
  • #144,788
  • Jul 9, 2009 11:32am Jul 9, 2009 11:32am
[quote=altair;2862945]
Quoting Turveyd
Okay what percentage of your account is gone ???

What was your planned Max Loss / SL value ??



I'm using SL/TP. I opened my position yesterday 10 pm my time (1 hour before NY close). I went sleep, when I woke up I was shocked. I lost 60% of my account. I thought market was in down trend and that up rallies were not important.
My SL was 90, TP 55 pips.

And you've just lost another 80pips while considering this!!!

Preserve your capital, that way you can get it back EXIT!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #144,789
  • Jul 9, 2009 11:32am Jul 9, 2009 11:32am
Quoting altair
Hi,
I just started with my live account few days ago. I'm short from 1.6066.
Worried if it still going up. Does market recover soon? Can someone give me an advice? Should i close? I lost so many pips. What to do?
I think I'm in trouble. I don't want to come back to demo account.
Bro, 1. Learn how to survive - trade with small lot with some money management. Pls put your stop loss! How much u willing to loss. after that, 2. Make profit - learn strategies n analysis Good luck bro!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #144,790
  • Jul 9, 2009 11:34am Jul 9, 2009 11:34am
[quote=albchr;2862956]
Quoting altair

If your SL was 90 (pips?), you should have been out at 6145...no?
Yes, but i opened it again. I just closed this posiotion.
  • #144,791
  • Jul 9, 2009 11:34am Jul 9, 2009 11:34am
Another SL... ...
Great Bodies are Engineered not Born
  • #144,792
  • Jul 9, 2009 11:35am Jul 9, 2009 11:35am
the trend has reversed.. Nice.. Lost all my trade.. Crap.. No problem.. welcome to bullish people.. here u will only see bulls..
  • #144,793
  • Edited 11:36am Jul 9, 2009 11:35am | Edited 11:36am
1.53 are we there YET?

Bears hopes are crushed...
  • #144,794
  • Jul 9, 2009 11:35am Jul 9, 2009 11:35am
Almost hit my stop and it still might , but I am still short.
  • #144,795
  • Jul 9, 2009 11:35am Jul 9, 2009 11:35am
[quote=altair;2862945]
Quoting Turveyd
Okay what percentage of your account is gone ???

What was your planned Max Loss / SL value ??



I'm using SL/TP. I opened my position yesterday 10 pm my time (1 hour before NY close). I went sleep, when I woke up I was shocked. I lost 60% of my account. I thought market was in down trend and that up rallies were not important.
My SL was 90, TP 55 pips.

Many trends, depending on your time span, the Longer term trend was still up, so although a short term trend was down for abit, the longer term trend kicked back in again, and also trends change thats what your SL is for, to keep your losses small when the trend changes.


Bad luck, we've all been there and done this holding against the trend, HOPING for it to reverse, not understanding why its keeping going, infuture when you don't understand and start HOPING Exit.

Hope is the mind killer!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #144,796
  • Jul 9, 2009 11:36am Jul 9, 2009 11:36am
Quoting Turveyd
A move like this ( without further news ), will likely continue into friday as this much momentum is hard to stop, .
I think you may be right. Time to clean my crystal ball it would seem.....or trade the damm thing in.....
Ghost Rider - WWTBMD?
  • #144,797
  • Jul 9, 2009 11:37am Jul 9, 2009 11:37am
Quoting RichLadyFX
Another SL... ...
same here in same trade of GJ if we closed our shorts in 100+so it will be great but we made mistake...but better luck next time third SL of the day

Ub
  • #144,798
  • Jul 9, 2009 11:38am Jul 9, 2009 11:38am
if 385 is broken we will see 450 maybe 525 before a move down, lets see is 385 holds, got a bounce of it.
  • #144,799
  • Jul 9, 2009 11:38am Jul 9, 2009 11:38am
Quoting albchr
I think you may be right. Time to clean my crystal ball it would seem.....or trade the damm thing in.....

Dumb the sucker, I've got a really good one here I can let you have for 20K guaranteed to work*.





* by work I mean look pretty!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #144,800
  • Jul 9, 2009 11:39am Jul 9, 2009 11:39am
Quote
Hope is the mind killer!!

Turveyd.... that one is going on my quote wall of fame!

THANKS BRO!
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